Business

Adam Schenk kept his cool to sink a clutch par putt on the last hole to win a thrilling Butterfield Bermuda Championship at Port Royal Golf Course on Sunday.
The American withstood ravaging wind to po…

AM Best has downgraded the credit ratings of Bermudian-based Everen Specialty Ltd and its affiliate, OCIL Specialty Ltd, citing continued reserve volatility and declining capital levels.
The companies…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a+” (Excellent) of Hiscox Insurance Co (Bermuda), Hiscox Insurance Co (United Kingdom), …

DerivaDex, the community-governed derivatives exchange, has been granted a Digital Asset Business License by the Bermuda Monetary Authority, marking the first time a Decentralised Autonomous Organisat…

Powered by strong underwriting, Aspen Insurance Holdings has announced third-quarter net income available to ordinary shareholders of $111 million.
Mark Cloutier, executive chairman and the group chie…

The RG/BSX Index remained unchanged at 3,020.99 points for the week, after no shares traded on the Bermuda Stock Exchange today.
Over the trading week, 21,378 shares of Allshores changed hands as the …

David Burt is drawing a line between the buzz-laden “crypto” era and Bermuda’s emerging “digital finance” identity. In a bold signal at the PwC Insurance Summit on Wednesday, the Premier declared: “I …

The chief executive of Bermuda’s Corporate Income Tax Agency gave a pre-recorded speech at the PwC Summit on Wednesday because he is representing the island in France this week.
Mervyn Skeet was at th…

A highly rated Bermudian oil captive is no longer taking part in the assessment activities of the rating agency AM Best.
Jamestown Insurance Company Limited is captive to Hess Corporation, the new sub…

Bermuda’s leading economic development agencies are teaming up at this year’s Butterfield Bermuda Championship to highlight investment and business opportunities across the island.
The Bermuda Busines…

The Bermuda Monetary Authority has issued a warning after a website claimed that a company it was promoting had been duly licensed by the authority.
The BMA’s warning came in addition to the company b…

Parliament has only now received the Regulatory Authority’s 2019-20 annual report, more than five years after the period it covers — leaving Bermuda without an up-to-date public accounting of its key …

The insurance industry is feeling more pressure for aggregate coverage, as the markets pull back from secondary perils such as wildfires, floods and convective storms, an Aon executive has said.
“Man…

Kevin O’Donnell, the chief executive of RenaissanceRe, said that profitability often now takes precedence over size in the insurance sector.
“We’re always willing to shrink our top line,” Mr O’Donnell…

Fidelis Insurance Group has reported net income of $130.5 million, or $1.24 per diluted common share, and operating net income of $126.8 million, or $1.21 per diluted common share for the 2025 third q…

The RG/BSX Index remained at 3,020.99 points as 2,000 shares of Devonshire Industries traded on the Bermuda Stock Exchange, remaining unchanged at $6.50.
Meanwhile, Butterfield Bank fell 11 cents (0.2…

The Bermuda Business Development Agency has expanded its board of directors with four new members: Erika Magder, Andrew Clutz, Chen Foley and Amy Adderley.
Ms Adderley was named head of the audit and …

Legal and professional services firm Walkers’ Bermuda office has been awarded Tier 1 rankings in four of five practice groups in the Legal 500 Caribbean 2026 Guide.
The firm advanced its rankings to …

Hamilton Insurance Group Ltd has announced senior board changes within its Hamilton Global Specialty underwriting platform, appointing new chairwomen for its United Kingdom and Ireland subsidiaries.
D…

Ron DeSantis used his first official visit to Bermuda to tout the island’s role in Florida’s resurgent insurance market, crediting sweeping litigation reforms for attracting record levels of internati…

A local solar panel company is challenging Belco’s claims of fair pricing in an unusual way — by paying the bills of some of its customers.
Greenlight Energy launched its Powering Our Seniors campaig…

Bermudian-based offshore drilling company Seadrill has lost $53 million in the last six months.
Seadrill’s latest financial reports show a loss of $11 million for the three months ending September 30 …

Bermudian-based Brookfield Business Partners LP, part of the Brookfield group of companies with extensive Bermudian-based operations, posted a third-quarter net loss per share of 28 cents, falling wel…

Marine insurer Skuld has raised alarm at the resurgence of piracy in the Indian Ocean and warned of escalating claims in 2024, with additional concern about the 2025 claims environment.
After meeting …

A local solar panel company is challenging Belco’s claims of fair pricing in an unusual way — by paying the bills of some Belco customers.
Greenlight Energy today launched their Powering Our Seniors …

Digicel Group and the Digicel Jamaica Foundation have scaled up relief efforts across Jamaica following the devastation caused by Hurricane Melissa, delivering thousands of care packages and other ess…

Offshore law firm Appleby has been ranked tier 1 across all six practice categories in Legal 500’s 2026 Caribbean Guide.

The six are banking, finance and capital markets; corporate and commercial; di…

The RG/BSX Index remained at 3,020.99 today on the Bermuda Stock Exchange.
Only Allshores saw activity with 18,078 shares changing hands to end the day with the price still fixed at $17.25.
The turnov…

EY has launched its growth playbook for speciality insurers navigating a softening market, new competitive pressures and opportunities for technological innovation.
EY said that after a long period of…

White Mountains Insurance Group Ltd has reported third-quarter net income attributable to common shareholders of $114 million, or $44.18 per share, down from $179 million, or $69.68 per share, in the …

The Bermuda Economic Development Corporation has unveiled the island’s first stand-alone Co-operative Business Policy, setting the stage for new legislation to support member-owned, for-profit enterp…

Carey Olsen lawyers achieved 44 individual rankings in Legal 500 Caribbean 2026, a guide for clients looking for legal support in the region.
This included 28 leading partner rankings, 11 next generat…

Watlington Waterworks restored its strength on the Bermuda Stock Exchange today, closing at $30, up $4 or 15.4 per cent after 600 shares traded, and returning it to where it opened the week. All told,…

Ron DeSantis, the Governor of Florida, will participate in a “seaside chat” during next week’s PwC Insurance Summit, presented with the Financial Times, at the Hamilton Princess & Beach Club.
Hurr…

Communications strategist Mikaela Ian Pearman will host the AI Advantage — a two-part live workshop series designed to help entrepreneurs use artificial intelligence to streamline content creation, st…

Fidelis Insurance Group has appointed William Waddell-Dudley as its new United Kingdom chief underwriting officer.
Mr Waddell-Dudley brings more than two decades of experience to the role, having most…

Lancashire Holdings Ltd reported a solid third quarter with continued growth and disciplined underwriting, posting a 7.4 per cent year-on-year increase in gross premiums written to $1.8 billion and a …

Conduit Holdings Ltd, the Bermudian-based reinsurer listed on the London Stock Exchange, reported an 8.5 per cent increase in gross premiums written to $1.04 billion for the first nine months of 2025…

Lockton Re has made two senior appointments aimed at further enhancing its capital advisory capabilities.
Darsh Patel has joined as global head of transaction structuring and reserving analytics, whil…

Digital asset consultancy Penrose Partners has been internationally recognised for its role in delivering the world’s first fully compliant stablecoin airdrop in Bermuda.
Publication and research firm…

Aon plc, the Global professional services firm, has reported stronger-than-expected third-quarter results, with adjusted earnings per share of $3.05, exceeding analyst estimates of $2.91.
Revenue for …

The Financial Action Task Force has warned that most countries are still failing to recover the profits of crime as Bermuda prepares for its own anti-money laundering and counter-terrorist financing e…

Some legal experts are advising companies not to rush to redomicile to Hong Kong under the jurisdiction’s new corporate regime, stressing that Bermuda and other traditional offshore centres still offe…

Somali pirates who attacked a chemical tanker operated by a Bermudian-registered company on Monday were forced to turn back, 330 nautical miles east of Mogadishu, Reuters has reported.
Stolt-Nielsen, …

AIG has reported third quarter net income of $519 million, up 13 per cent compared to the same period last year.
AIG chairman and chief executive Peter Zaffino called the quarter’s results “exceptiona…

Bermuda-domiciled International General Insurance Holdings’s board of directors has approved a new repurchase authorisation of up to 5 million of the company’s issued and outstanding common stock.
The…

The 2025 Gala of Giving, organised by Aspen Insurance Holdings Ltd, raised $400,000 in support of 14 local charities at a sold-out event held at the Hamilton Princess & Beach Club on Saturday.
The…

Law firm Carey Olsen Bermuda has achieved several top rankings in an independent client guide to the world’s best lawyers and legal firms.
The company received five tier 1 practice rankings and 13 le…

Bermuda’s insurance and reinsurance sector has smashed records, paying out $1.1 trillion in claims from 2016 to 2024 — including $700 billion to US policyholders.
Behind this mind-boggling sum are “n…

Monster Hurricane Melissa could cost Jamaica as much as $4.2 billion in insured losses, according to global data analytics firm Verisk.
The firm said most of the modelled loss was attributable to wind…