Business

The RG/BSX Index rose 6.06 points, or 0.24 per cent, to 2,564.08 on Tuesday, based on the trading of 10,000 shares of LOM Financial Limited. The company gained 75 cents (12 per cent) to close at $7.00…

The Everen Group has promoted Karyn Peixoto to the role of senior vice-president, chief human resources officer, based in the Bermuda office.
Since joining the firm as vice-president human resources …

CMC Markets, a global trading technology provider, has officially opened a new office in Bermuda and received regulatory approval to conduct investment and digital asset business from the Bermuda Mone…

Two Bermudian attorneys, who happen to be cousins, have been promoted at Chancery Legal Ltd.
Tanisha Butler is now director of litigation, responsible for directing the strategy of all litigation mat…

Trevor Carvey, chief executive officer and director of Bermuda-domiciled Conduit Re will be stepping down and retiring on April 11.
Parent company Conduit Holdings has confirmed that the move is due t…

David Jenkins has been appointed senior vice-president, head of Bermuda property at Chubb Bermuda.
In his new role, Mr Jenkins will lead the Bermudian-based property underwriting team and drive growth…

Bermuda High School Year 9 students put their entrepreneurial skills to the test at this year’s Enterprise Pitch Competition, an initiative designed to develop business knowledge, critical thinking, a…

Jonny Strickle is the new group managing director for Fidelis Insurance Holdings, reporting directly to Dan Burrows, the chief executive of the Bermudian-based insurer.
Mr Burrows commented on Mr Stri…

The international speciality insurer and reinsurer Convex Group Ltd has reported strong financial results for the year ended December 31, 2024, including a better than half a billion dollar profit and…

Devonshire Colts 0 North Village 4

North Village have been crowned Premier Division champions after beating Devonshire Colts 4-0 at Police Field on Sunday afternoon.
Goals from Jonté Smith, Jai B…

Bermuda’s plan for a sovereign wealth fund is not resonating with all stakeholders.
One economist believes the Government should concentrate in the near-term on two of the island’s biggest issues: th…

Canadian prime minister Mark Carney remains embroiled in a spicy political drama over his use of Bermuda corporate entities in his pre-political life, as he now takes Canada to the polls.
Facing a bar…

The House of Assembly on Friday approved legislation that laid out penalties for those who run afoul of the new Corporate Income Tax laws.
Wayne Furbert, the Junior Minister of Finance, said the Corpo…

A common question in the world of personal finance is whether you should focus on saving for an emergency fund or on paying off your credit-card debt first.
Put another way: should you prioritise usin…

Dear Dave,
My wife and I are going through a divorce, and she just had our first child. Under the circumstances, I feel it’s my responsibility to take care of her for a while longer, and to put her an…

Carl Erik Steen and James Ayers have just been appointed directors of Golden Ocean Group Limited.
Mr Ayers has held the position of secretary of the company since 2018. He has been the CEO of Front Oc…

Global real estate firm Cushman & Wakefield is planning to shift its parent company’s legal home from England and Wales to Bermuda, in a move aimed at cutting costs and simplifying corporate gover…

Rize Technologies, a Bermudian-based provider of information technology and artificial intelligence-driven business solutions, has announced the launch of Helios AI, a secure artificial intelligence p…

An economist, businessman and former president of the Chamber of Commerce has offered a bold solution to Bermuda’s economic challenges: look north.
With the Canadian dollar typically running 30 per c…

Bermudian entrepreneur Stuart Lacey has just launched his thirteenth company, Labrynth.
The new enterprise helps corporations navigate the quagmire of regional regulation using artificial intelligence…

January’s 24 days of California wildfires will cause an estimated insurer loss of around $42.8 billion, according to a newly released report exploring key insurance industry trends in 2024.
Howden Re …

Energy insurer Everen Ltd has announced a dividend of $350 million, affirming its commitment to delivering value to its shareholders.
The decision by Everen’s board of directors was announced at the f…

Chartered Financial Analysts Society Bermuda is next month offering its Financial Literacy Series, in partnership with the Bermuda College’s Athora Division of Professional and Career Education.
April…

Axcelus Financial has appointed Robin Peters to the boards of Axcelus Financial Life Ltd, Axcelus Financial Global Insurance Ltd and Axcelus Financial Life Insurance Company (Bermuda) Ltd.
The Bermudi…

Somerset Reinsurance Ltd has appointed Danish Iqbal as its new chief executive, effective April 30. Mr Iqbal succeeds Jeff Burt, who will take on the role of co-chief executive at Aquarian Insurance H…

With the Prime Minister of Canada set to take his nation to the polls in a just-called snap election, he has already been targeted by a CBC News article about his prior private sector activities setti…

An increasing number of employees are sneaking their own AI subscriptions through the office back door, and that poses a significant risk to their companies.
According to Microsoft’s 2024 Work Trend …

Bermuda, renowned as a global business hub, offers a robust legal and regulatory framework that attracts companies from around the world.
The mechanism enabling this transition is known as continuatio…

Reinsurer SiriusPoint Ltd, has teamed up with Balance Partners, a North American managing general underwriter, to take advantage of a gap in the construction industry.
SiriusPoint is a capacity provid…

The RG/BSX Index rose 9.52 points (0.37 per cent) to 2,558.03 today, based on the $1.00 (6.3 per cent) rise of BF&M Ltd to $17.00 after the trading of 2,000 shares.
There was no other activity on …

Aircare Ltd has been recognised as the top sales team in the global Linc Service network, winning the 2024 Linc Service Team of the Year Award.
The award is presented to the team with the highest sale…

Banyan Risk Ltd has announced a long-term strategic partnership with global reinsurer PartnerRe to boost its directors and officers insurance capacity, a move that further strengthens the Bermuda-base…

Everest Reinsurance, the Bermudian-based reinsurance division of Everest Group Ltd, has appointed Alex Haines as its new global head of engineering, the company has announced.
Mr Haines will report to…

The Florida property insurer founded by former Bermuda reinsurer, Stephen Weinstein, is developing the human capital needed to create a long-term, stable property insurance solution for the “sunshine …

Nadia Beckert has been promoted to chief underwriting officer in the Bermuda office of The Fidelis Partnership, Reinsurance magazine is reporting.
The publication said the promotion highlights h…

BF&M Ltd has reported net income of $13.9 million for the year ended December 31, 2024, about half of its 2023 net income of $27.2 million.
The lower number comes as insurance financials will soo…

The shipping industry’s increasing reliance on digitisation and the internet has made it more vulnerable to cyberattack, according to cybersecurity website Dark Reading.
Another cybersecurity website,…

One of Bermuda’s best loved restaurants will close temporarily at the end of the month.
Ascots restaurant at the Royal Palms Hotel will change ownership and management on April 1 and be taken over by …

Global reinsurance firm Ariel Re has promoted nine employees across its Bermuda and London offices as part of its continued commitment to career development and internal growth.
The promotions span de…

The RG/BSX Index fell .29 points (0.01 per cent) to 2,548.51 today, based on the 5 cent (3.8 per cent) fall of Bermuda Aviation Services Ltd to $1.25 after the trading of 23,000 shares.
There was no o…

Cheryl-Ann Lister will hold the first chair of the new Corporate Income Tax Agency, a ministry-level public authority established to administer and enforce the laws enacted in 2023.
Ms Lister is a for…

Bermuda is set to become a living lab for the digital finance world with the launch of its inaugural Digital Finance Forum, an ambitious plan aimed at transforming the island into a global hub for blo…

Average monthly power bills from Belco are expected to increase by $14 as a result of an intended rate rise from April 1, residents have been advised.
The Government said that the Ministry of Home Aff…

Bermuda reinsurers have agreed to expedite payments that can help Californians get back on their feet from some of their worst wildfires.
California regulators have assured their lawmakers that during…

Drinks giant Bacardi said this year’s Third Annual Bacardi Black-Owned Vendor Market generated nearly $30,000 for small business owners.
Held on the lawn at the Bacardi global headquarters on Pitts Ba…

The shake-up at Golden Ocean Group Limited continues with significant board changes after maritime group CMB.TECH NV three weeks ago announced the acquisition of a controlling stake in the Bermuda-bas…

Bermuda-based reinsurer Fortitude Re has announced a $4 billion reinsurance agreement with Japan’s Taiyo Life Insurance Company, which will expand its footprint in the Japanese market.
The deal, which…

Bermudian-based liquefied natural gas specialist Golar LNG has signed finance lease agreements with a group of Chinese leasing companies to refinance $1.2 billion in existing debt tied to its floating…

Global speciality insurer and reinsurer IQUW has received an A- (Excellent) financial strength rating from AM Best, marking a major step in the firm’s expansion of its Bermudian-based reinsurance plat…

The RG/BSX Index fell 4.05 points (0.16 per cent) to 2,548.79 today, based on the $2.50 (33.3 per cent) decline of Bermuda Press (Holdings) Ltd to $5 after the trading of 1,300 shares.
There was no ot…