Business

Apex Group Ltd, the Bermudian-based global financial services provider, has acquired a majority shareholding in FTS, an award-winning tax services firm serving clients in the alternative investment an…

ILS Capital Management, the investment adviser specialising in insurance and reinsurance headquartered in Bermuda, has changed its name to Resolute Global Partners.
The firm said its decision to rebra…

LONDON, April 12 (Reuters) – Lloyd’s of London said on Tuesday it had advised its employees and market participants not to come to their City of London headquarters on Tuesday and was trading remotely…

Bermudian international company, Mosaic Insurance, has opened an office in Chicago, Illinois, its second US physical location, as the staff buildout continues.
Mitch Blaser, co-founder & co-CEO of…

Tonight is Bermuda night in San Francisco at Riskworld, the Rims Conference, as the island hosts a gala reception in San Francisco’s theatre district, three blocks from Union Square.
The location is t…

Oceanview Reinsurance Ltd., a Bermuda Class E insurance company, has appointed Stelian Dragan president and chief business development officer.
Based in Hamilton, Bermuda, he will be responsible for d…

CrossTower, the crypto and digital asset exchange with an office in Bermuda, has partnered with Worlds Inc, the Massachusetts-based pioneer that developed the first 3D metaverses and technologies cruc…

The RG/BSX Index remained unchanged at 2,461.09 as the Bermuda Stock Exchange closed Monday without any trading on the domestic board.
The Bank of N.T. Butterfield & Son Limited closed up 83 cents…

Fintech industry veteran Bruce Lowthers has been appointed as chief executive officer and executive director of Paysafe Limited, the Bermudian-incorporated specialised payments platform.
Mr Lowthers, …

Bermudian-based Fidelis Insurance has promoted Mark Herget to the position of deputy group head of direct and facultative property.
Mr Herget joined Fidelis in April 2020 as an underwriter in its Lond…

Bermuda’s dominance as the world’s leading captive domicile may be under threat, like never before.
This, as the government flies the flag in support of a contingent of Bermuda insurance industry exec…

Cactus Ltd co-founders James Robinson and Mark Higgins have already found some success with their deal pricing and data capture system, Marmalade.
Now, they are seeking to raise capital so that they c…

The UK government has been told that the “inflexible culture” of British regulators has hindered efforts to develop markets for insurance-linked securities, captive insurance and other new forms of in…

Genesis Legacy Solutions, a unit of Bermuda’s Maiden Holdings, Ltd. announced an agreement to provide a medical expense reimbursement cover to the Washington, DC cell of the Michigan based Mary Free B…

The Bermuda Business Development Agency said Sunday night that together with its valued partners, they are ready to provide a strong presence for Bermuda at RISKWORLD, Rims’ first major in-person even…

Dear readers: two notices!
• April is Financial Literacy Month in Bermuda and in the United States and the UK features Financial Awareness Days in April and May (Canada’s Financial Literacy Month is N…

Dear Dave,
I’ve been wanting to start my own small business for years. The only problem has been my current job. I make good money, but I also put in a lot of hours. About a month ago, I came up with …

The RG/BSX Index remained at 2,461.09, unchanged for the day, in the absence of activity on the Bermuda Stock Exchange.
In New York, The Bank of N.T. Butterfield & Son Limited rose by 29 cents (0….

Ardmore to sell three tankers
Bermudian-headquartered Ardmore Shipping Corporation has agreed terms for the sale of three 2008-built MR product tankers to German-based Leonhardt & Blumberg for an …

Bermudian-based Sompo International Holdings Ltd, the global re/insurer, has appointed Kenneth Reilly as head of its new Tokyo office.
Mr Reilly joins the company on July 1 as executive vice-president…

The newly-installed minister responsible for international business is looking forward to his first visit to the annual Risk and Insurance Management Society annual conference and exhibition in San Fr…

A government restaurant concession in Devonshire has been shut for more than six months with no explanation as to when it will reopen.
And the temporary liquor licence obtained so that the Government …

With savings and investments in flux as we step out of a world in lockdown, we face subtle threats to our personal finance. Inflation rates in Bermuda have been increasing quickly, including in the fo…

RenaissanceRe Holdings Ltd has appointed Shannon Lowry Bender, group general counsel and corporate secretary, to the company’s governance committee.
The company said the committee is the most senior m…

The RG/BSX Index fell 4.12 (0.17 per cent) to close at 2,461.09 for the day.
Just 1,000 shares of Watlington Waterworks Ltd. traded, closing down $3.50 (10.6 per cent) at $29.50.
The Bank of N.T. Butt…

Bermudian-based AK Jensen Group, the provider of crypto trading and investment solutions for fund managers and professional investors, has announced that AKJ Digital Assets FoF, a crypto hedge fund of…

WeSpeak Bermuda’s first in-person boot camp for women since the start of the Covid-19 pandemic has sold out.
The full-day event to coach female public-speaking skills is slated for Wednesday, April 20…

Frontline Ltd and Euronav NV of Belgium are set to merge and create one of the largest oil tanker companies in the world.
The parties have signed a term sheet – unanimously approved at board level – o…

Gospel singers will provide a musical backdrop to the next Court Street Market, organisers said.
Other live entertainments will include Toni Robinson, Seven & Sweet T, Septimus, Anointed Steps Dan…

The St George’s Marine Expo is making a comeback this month.
After a two-year hiatus due to the Covid-19 pandemic, the Bermuda Economic Development Corporation and title sponsor Rubis Energy Bermuda h…

Ignite Bermuda is to run its second Young Adult Entrepreneurial Internship programme this summer.
The seven-week initiative operates from May 31 until July 21.
The programme, through funding and suppo…

Investment funds registered, authorised or designated under the Investment Funds Act 2006 have ongoing filing requirements, as well as requirements in relation to the appointment of service providers …

Consumers paid 2.5 per cent more in January than they did a year ago for the basket of goods and services included in the Consumer Price Index, the Ministry of Economy and Labour reported.
In a summar…

An international expert will lead discussion on a top concern facing businesses worldwide, as a panellist and keynote speaker at the annual general meeting of the Bermuda Chamber of Commerce.
Kristine…

Bermuda-licensed Relm, the first and only commercial insurer globally to hold Bermuda’s IIGB License – and which bills itself as the world’s leading insurance provider to the crypto sector – has now l…

Jereme Ramsay has joined SS&C Bermuda as director of business development and client relations.
He will be responsible for developing strategic alliances, and managing the implementation of strate…

Practical guidance about how to negotiate the hybrid working model is to be the topic of a webinar presented by the Bermuda Chamber of Commerce.
“Leading Hybrid Teams” will be held online via Zoom on …

Ascot Group, the Bermudian-based re/insurer, is to back the US primary surplus lines cyber programme of San Francisco-headquartered Coalition, through Ascot Specialty Insurance Company.
Coalition said…