Business

The Liquor Licensing Authority has quietly required all establishments on the island applying for a liquor licence, to “across the board” have functional cameras operating on their premises.
On Tuesda…

The RG/BSX Index rose 6.85 (0.29 per cent) to close at 2,351.21, after BF&M Ltd. rose 75 cents (3.6 per cent) to $21.75 on the trading of 400 shares valued at $8,700.
The Bank of N.T. Butterfield …

Chubb Limited has reported net income for the quarter ended March 31 of $1.97 billion, or $4.59 per share, and core operating income of $1.64 billion, or $3.82 per share.
The P&C combined ratio w…

KPMG gave $1.25 million to the community and contributed 1,226 community service hours to local charities in 2021, reveals a KPMG report.
The firm’s newly released annual Impact Report highlights the …

Applications for Ignite Bermuda’s Young Adult Entrepreneurial Internship programme are to close on Friday at 5pm.
The part-time paid internship initiative will run from May 31 until July 21, and offer…

Seadrill Limited, the Bermudian-based offshore drilling company, has announced new contracts worth more than $260 million to the company.
A contract has been secured by Sonadrill Holding Ltd, the comp…

Shanna Hollis learnt a ton at Maryland Institute College of Art, one of the top graphic design schools in the United States.
Four years after graduating cum laude with a bachelor of fine arts, graphic…

The government appears set to reopen the restaurant at the Ocean View Golf Club full time after several months of closure.
Today, they are before the Liquor Licensing Authority, seeking permission to …

Exploring the 8th Principle of 10 that build a Luck Mindset
Swiss psychologist Carl Jung coined the term synchronicity to describe meaningful coincidences—when events are not connected by causali…

The RG/BSX Index fell 126.06 (5.10 per cent) to close at 2,344.37 as Bank of N.T. Butterfield Ltd. fell $2.35 (6.7 per cent) to close at $32.65 after 1,690 bank shares traded on the Bermuda Stock Exch…

Bermudian-based Arcadian Risk Capital, the managing general agent, has promoted Nicole Barna to executive vice president, head of transactional liability underwriting.
In addition, Ms Barna continues …

Cavi Thomas is driving a new Hyundai Grand i10 from Auto Solutions, as the grand prize winner of the Bounty and Charmin “Roll Out” Promotion from BGA Ltd.
BGA said the promotion was a three-month init…

Just days after being named Deputy CEO of the Bermuda Monetary Authority, Shanna Lespere has been welcomed as the Island’s seventh Chartered Director, having earned the prestigious designation earlier…

Bermudian-based Vantage Group Holdings Ltd has prepared for its entry into the cyber insurance market with a senior appointment.
Andrew Lea has joined Vantage as senior vice president of cyber liabili…

Bermuda reinsurers are keeping a close eye on ballooning property insurance rates in Florida, downgrades to the state’s property insurers precipitated in part by insurance fraud and expensive litigati…

Stephen Weinstein, chairman of the Bermuda Business Development Agency, is to moderate a session on insurance and capital risk at the Island Finance Forum, which kicks off today (Monday).
Mr Weinstein…

Kettle makes its debut today at the Lloyd’s Lab accelerator in London, but the Bermudian-based outfit is already well ahead of some of the other ten participants in the prestigious programme.
Kettle L…

PwC’s Global Economic Crime and Fraud Survey 2022 highlights cybercrime as the biggest threat.
Almost half of nearly 1,300 business leaders reported their organisations had experienced fraud or financ…

Leslie Rans, CPA has been appointed as an independent director of LOM Financial Limited and will also serve on the boards of the company’s regulated subsidiaries in Bermuda and the Bahamas.
As a senio…

This is the fourth in a series of articles written in conjunction with Financial Literacy Month.

Today we look at current finance-focused impact concerns about minimising inflation strategies bei…

Dear Dave,
A relative of mine recently mentioned she had two life insurance policies. Is it okay for a person to have more than one life insurance policy? If so, why would someone do that?

— Victo…

AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of two wholly-owned su…

A Standard & Poor’s Global Ratings’ proposal to disallow senior debt as a form of available capital, continues to run into headwinds, with the Association of Bermuda Insurers and Reinsurers strong…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Bermudian-based Cedar Hamilton Limited and its parent company, Nuclear…

Kiara Somner’s new educational product business, Nylah Nailed It, was born out of the frustrations of pandemic mothering.
“I never intended to start a business,” said Ms Somner, who works in reinsura…

The hits just keep on coming for Credit Suisse, with an announcement of an anticipated first quarter loss for the bank, after taking a $210-million charge for exposure to the Russia-Ukraine war.
This,…

WeSpeak Bermuda’s first in-person boot camp in two years attracted an energised sold-out crowd.
Attendees included more than 100 women from a spectrum of career sectors spanning education, government,…

Bermudian-based Catalina Holdings Ltd and joint venture partner Oxenwood Real Estate LLP have secured a £52.8 million ($68.8 million) funding package from NatWest that will be used to refinance a port…

Apex Group Ltd, the Bermudian-based global financial services provider, has been appointed to provide fund services to Blockchain.com Asset Management, a new crypto asset management platform powered b…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a+” (Excellent) of the members of Athene Group, which is the consolidation of the organi…

A Caribbean leader struck a blow against the world’s most powerful countries – the very ones that control the global anti-money laundering regime – during a multi-lateral meeting attended yesterday by…

Legacy specialist Darag Group has concluded a new agreement with an offshore captive insurance company.
The company said the structure of the approximately $10 million transaction is a novation, allow…

When a news anchor contacted Bermudian Kennette Burgess about her business, it felt like the answer to a prayer.
After the chief executive officer of business coaching firm Focus Marketing and Develop…

The future of a private transport service that provided a chauffeur to get people home safe after a night out remains uncertain.
HomeSafe Bermuda suspended operations for health and safety reasons in …

Bermudian-headquartered Altamira Therapeutics Ltd has reached the midpoint for enrolment in its Covamid clinical investigation of its Bentrio™ nasal spray in patients with acute Covid-19.
Covamid is a…

It has been more than a decade since the creation of the first cryptocurrency, bitcoin, yet digital assets are only now being adopted by mainstream business.
Major companies such as Microsoft, PayPal,…

A jurisdictional resolution as to where to settle internal disputes at HSBC Holdings plc, which was to be voted on at the bank’s AGM later this month, has now been put on hold, according to a filing w…

The RG/BSX Index remained unchanged at 2,470.21, with no trading on the domestic board of the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited closed 32 cents (0.92 p…

Technology industry veteran Martha Tate has been appointed group chief business officer at Digicel.
She joins from Denver-based Infinera where she was vice-president, strategic sales.
The company said…

The Bermuda Business Development Agency has launched a new Climate Hub and Environmental, Social, and Governance webpage detailing the island’s commitment to blending business-friendly practices with …

The Bermuda Monetary Authority is seeking special reporting from the island’s insurance groups’ on underwriting and balance sheet exposures to the Russia/Ukraine war for the period to the end of March…