Business

HashKey Group, the Asian-headquartered end-to-end digital asset financial services group with an operation in Bermuda, has received in-principle approval for a virtual asset service provider licence i…

Enstar Group Ltd, the Bermudian-based insurer, has announced that its Lloyd’s Syndicate 2008, managed by Enstar Managing Agency Ltd, has agreed a ground-up loss portfolio transfer with Atrium Syndicat…

Starr, the insurance and investment organisation with operations in Bermuda, has appointed Peter Hirs as the company’s chief financial officer.
He succeeds Howard I. Smith, who is retiring after more …

Ten young people were inducted into Belco’s apprenticeship training programme today, after completing a rigorous assessment looking at everything from technical ability to speaking skills.
The new app…

The Bermuda Stock Exchange has been cited for its 2023 record $60 billion market in insurance-linked securities, before slipping off the pace last year.
But ILS Market authority Artemis also acknowled…

Economic benefits are far from the only advantages gained by governments that implement a digital public infrastructure, a major international body has reported.
The Organisation for Economic Co-opera…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior) of Bermudian-based RGA Americas Reinsurance Company Ltd and other subsid…

Arch Insurance (EU) dac, part of Bermudian-based Arch Capital Group, has promoted Duncan Smith to the post of chief executive.
The company said he is responsible for leading the executive management t…

Carey Olsen’s Keith Robinson, global head of the firm’s trusts and private wealth practice, and Jersey-based counsel Sarah Farrow have been named in eprivateclient’s 50 Most Influential list for 2025….

Appleby has appointed Claire van Overdijk KC as a partner in the firm’s dispute resolution practice in Bermuda.
The firm said: “Claire has extensive experience in contentious and non-contentious trust…

Kimonea Bascome has been promoted to senior associate in the property and estates planning team at Marshall Diel & Myers Ltd.
The firm said: “With a distinguished track record in residential and c…

Digitisation is among the four priorities of the Lloyd’s Market Association in 2025, the organisation has reported.
All 55 Lloyd’s managing agencies, and all Lloyd’s members’ agents, are members of th…

The Government is to harness the power of artificial intelligence to improve government services.
A request for proposals has invited prospective proponents to submit proposals for “Partnering with th…

A vision to drag Bermuda’s courts system into the 21st century may be finally taking a step in the right direction.
The Government is seeking proposals to fully bring Bermuda’s courts management onlin…

The Annual Forecast Dinner of the CFA Society Bermuda will focus on “The Trump Effect. What does the US election mean for markets in 2025?”
The dinner, scheduled for January 21 at the Hamilton Princes…

A US-based life insurance and annuity company with a subsidiary in Bermuda has been given a massive capital injection.
Ares Management Corporation, a Los Angeles-based global alternative investment ma…

Bermudian-based White Mountains Insurance Group Ltd has announced that Ark Insurance Holdings Ltd, its specialty property and casualty reinsurance and insurance subsidiary, has renewed Outrigger Re Lt…

AM Best has placed the credit ratings of an Arizona-based insurance company under review with developing implications following its agreement with a recently established Bermudian-based reinsurer.
The…

The UK Government has frozen the assets of a right-wing extremist political group, and warned entities, including in Bermuda and other territories against any business ties.
No person or entity requir…

American International Group Inc, the insurance powerhouse with operations in Bermuda, has appointed Christopher Flatt as global chief underwriting officer.
Mr Flatt will report directly to Peter Zaff…

The Progressive Labour Party’s decision to hold a General Election on February 18 will disenfranchise young people and is a choice that prioritises perceived political advantage over democracy and civ…

I’m sure most of us can relate – there are often one or two people in our family, or close circle of friends, who are not particularly savvy when it comes to managing their finances.
Often, these peo…

Dear Dave,
I have a question about how to balance my financial obligations. I can’t afford my student loan payments.
Is the best approach to send them what I can afford, even if it’s not the minimum p…

A $15 million renovation of the Bermudiana wing at the Hamilton Princess & Beach Club is expected to be completed in early spring.
The project began on November 18 to upgrade all 113 rooms in this…

Bermudian-based Aspen Insurance Holdings Ltd has announced that Michelle Dudek has been named Aspen Insurance head of US environmental.
She is responsible for overseeing Aspen’s suite of environmental…

The RG/BSX Index closed today unchanged at 2,473.52 after no trading on the Bermuda Stock Exchange.
Overseas, the New York Stock Exchange was closed for the National Day of Mourning for President Jimm…

Mosaic Insurance, the Bermudian-based global specialty insurer, has appointed executives Karen Reilly and David Barr to lead its respective US and international business growth in the environmental li…

Jim Williamson has been named acting chief executive of Bermudian-based Everest Group Ltd following the resignation of president and CEO Juan C Andrade.
Mr Andrade, who had served in those dual roles …

Ascot has appointed Bruce Sikorski to the position of group head of corporate services.
Mr Sikorski will report to Bill Thygeson, group chief human resources officer.
In this newly created role, he wi…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Bermudian-based Stellar Insurance Ltd, an indirect wholly owned subsid…

HashKey Group, the Asian-headquartered end-to-end digital asset financial services group with an operation in Bermuda, has announced that its European subsidiary has obtained virtual asset service pro…

Core Specialty Insurance Holdings Inc has announced that the company and its subsidiaries have entered into a series of transactions with certain subsidiaries of Argo Group International Holdings Inc….

Chicago-headquartered Ryan Specialty, the international specialty insurance firm, has signed a definitive agreement to acquire Velocity Risk Underwriters LLC from funds managed by Oaktree Capital Mana…

Bermudian-headquartered Hiscox, the global specialist insurer, has appointed Shali Vasudeva as its new group chief operations and technology officer, subject to regulatory approval.
Hiscox said she jo…

John Neal is to leave his chief executive position at Lloyd’s to join Aon, the global professional services firm, as global chairman of climate solutions and global CEO of reinsurance.
Aon said the ap…

Emotional intelligence expert Sylvia Baffour is to deliver the keynote address at the third annual Women’s Day Gala presented by the Women in Reinsurance organisation.
The event will be held on March …

Global risk consultant Aon has urged a deeper dive into what they see as a growing problem that can be addressed only by extending the reach of insurance and reinforcing the industry’s stature.
The co…

Christa Schwimmer has been appointed as chief executive for Munich Re’s specialty reinsurance and Lloyd’s and Bermuda business.
Ms Schwimmer has spent 23 years at Munich Re, most recently as senior ex…

Roger Todd has succeeded Jon Burull as president and chief executive of Watlington Waterworks Ltd.
Mr Burull retired at the 2024 year-end after 35 years with the company, which paid tribute to his “se…

Arch Insurance International has promoted Tim Watson to the post of credit underwriting manager.
In this role, Mr Watson is responsible for managing all credit-related underwriting activities across t…

The Economic Development Department is launching a free fintech Webinar Series 2025 – a monthly series designed to educate, engage, and inspire fintech professionals and enthusiasts.
The Government o…

Industry veteran Robert Malone has joined Bermudian-based Axa XL as head of large accounts and portfolio management of its cyber insurance team in the Americas.
Mr Malone, who will be based in New Yor…

Cambridge Beaches Resort & Spa has been featured in the UK and US editions of Condé Nast Traveler as one of the best hotels in the Caribbean.
The Somerset hotel said that the recognition “undersco…

Corporate and entrepreneurial efforts to exploit the enormous power of artificial intelligence in 2025 will be stacked against government and regulatory measures to control it, observers believe.
Ther…

The island’s property and casualty insurance and reinsurance sector has proved to be resilient to potential adverse impacts, the Bermuda Monetary Authority has reported after a stress-testing exercise…

The amalgamation deal between BF&M Ltd and Argus Group that creates a domestic insurance powerhouse is now official.
The transaction, which sees Argus amalgamate with Eleos Health Ltd, a wholly ow…

Vantage Drilling International Ltd, the Bermudian-registered exempted company, has announced a joint venture with TotalEnergies, the French-headquartered multinational energy and petroleum organisatio…

CNO Financial Group Inc, the US-based organisation whose companies include CNO Bermuda Re, has appointed Joel Koehneman as chief accounting officer.
Mr Koehneman, whose appointment is effective Januar…

A 16-year-old Somersfield Academy student plans to use the $25,000 he won in a business pitch competition to solve one of his biggest challenges – no payment gateway.
Nico Bean won the youth category…

The growth of asset-intensive insurance business calls for a more tailored and agile supervisory and regulatory approach, the Bermuda Monetary Authority has said.
The island’s financial services regul…