Athora completes third capital raise
Bermudian-based Athora Holding Ltd has completed its third capital raise, securing a total of approximately €2.75 billion of additional permanent equity capital commitments from new and existing share…
Business
Ark Insurance has excellent credit ratings
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-based Group Ark Insurance Limited.
Gail is a wholly-owned sub…
Gail is a wholly-owned sub…
Charles Mathias promoted at Fidelis Insurance
Bermudian-based Fidelis Insurance Holdings Limited has promoted Charles Mathias to the post of deputy chairman.
The promotion was one of three announced by the privately-owned holding company, which, …
The promotion was one of three announced by the privately-owned holding company, which, …
Bank stock falls 3.34% on NYSE
The RG/BSX Index remained unchanged at 2,424.96 with no trading on the Bermuda Stock Exchange Thursday.
Meanwhile, the Bank of N.T. Butterfield & Son Limited finished down $1.10 (3.34 per cent) to…
Meanwhile, the Bank of N.T. Butterfield & Son Limited finished down $1.10 (3.34 per cent) to…
Qatar and Antares Re in rating downgrade
AM Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the long-term issuer credit ratings to “a-” (Excellent) from “a” (Excellent) of Qatar Insurance Company QS…
Bacardi recognised among top female-friendly companies
Bacardi, the drinks giant based in Bermuda, has been recognised by Forbes as one of the world’s top female-friendly companies.
The prominent list and results are based on an independent survey of appr…
The prominent list and results are based on an independent survey of appr…
Biltir supports BMA improvements to regulatory framework
The Bermuda International Long Term Insurers and Reinsurers has welcomed the decision of the Bermuda Monetary Authority to make targeted enhancements to regulatory and supervisory regimes for commerci…
Straight outta Bermy, a CPA and MBA goes big into Web3
Bermuda-raised Stephanie Alexis Smellie is kicking up a storm as a Web 3.0 adviser, business development executive, entertainment X tech thought-leader and speaker.
Born to Jamaican parents, but raise…
Born to Jamaican parents, but raise…
Fed raises interest rate, Butterfield responds
The Federal Reserve continued its artificial moves to slow the economy and hold back inflation after the latter’s earlier four-decade high.
And it didn’t take long for Bermuda’s Bank of N.T. Butterfie…
And it didn’t take long for Bermuda’s Bank of N.T. Butterfie…
Bank stock closes down on NYSE
The RG/BSX Index rose 5.74 points (0.24 per cent) to 2,424.96 as Bermuda Press (Holdings) Ltd. stock jumped by $3.70 or 86 per cent to close at 8.00 after a block of 15,000 shares changed hands on the…
City Hall Christmas Market gives small businesses a boost
After running a successful health and wellness market last month at the Rosedon Hotel on Pitts Bay Road in Hamilton, Demeka Tacklyn is keeping the momentum going.
The entrepreneur launches the City Ha…
The entrepreneur launches the City Ha…
Arch connects with small business through digital insurer
Simply Business LLC, a Boston-based digital insurance company focused on small businesses, has announced a partnership with specialty insurer Arch Insurance to offer monoline professional liability so…
BEDC sponsors The Collective holiday pop-up shop
The Bermuda Economic Development Corporation has sponsored a pop-up shop in Washington Mall for four members in the fifth cohort of the Enterprise Bermuda Incubator Programme.
The Collective Holiday P…
The Collective Holiday P…
Designer Dana Cooper adds a luxury winter scarf to her line-up
Dana Cooper is a Bermudian designer best known for beachwear.
But this month, as the temperature plummeted into the chilly 50s, she has launched a line of items to keep you warm — luxury cashmere scar…
But this month, as the temperature plummeted into the chilly 50s, she has launched a line of items to keep you warm — luxury cashmere scar…
John Hendrickson is new CEO of Concert Group Holdings
Concert Group Holdings Inc has appointed John Hendrickson as chief executive officer.
Mr Hendrickson, who will take up his new position on January 1, succeeds Jonathan Reiss, who assumed the role of C…
Mr Hendrickson, who will take up his new position on January 1, succeeds Jonathan Reiss, who assumed the role of C…
Bermuda reinsurer given excellent credit ratings
AM Best has assigned the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) to Bermudian-based Legal & General Reinsurance Company No. 2 Limited.
…
…
Evertas closes Series A financing round
Evertas, the American crypto asset insurer with an island-based subsidiary licensed by the Bermuda Monetary Authority, has successfully closed a series A financing round that raised $14 million.
In ad…
In ad…
India licence comes through for Global Cloud Xchange
Bermudian-based Global Cloud Xchange, the network service provider powering global connectivity for new media providers, telecom carriers and enterprises, has been awarded its international long dista…
Acrisure unveils insurance leadership team
Acrisure, a fast-growing fintech leader that operates a top-ten global insurance broker and the largest independent real estate services company in America, has announced the members of its insurance …
Dissident Argo shareholders withdraw board nominees
Argo Group International Holdings, Ltd. has confirmed that a dissident investor has withdrawn its nomination of candidates Ronald Bobman and David Michelson for board seats in the Bermuda headquartere…
Michael Hanson succeeds Stephen Weinstein as BDA chair
Lawyer Michael Hanson has been unanimously elected as the new chairman of the board of the Bermuda Business Development Agency.
Mr Hanson, the managing partner of Carey Olsen Bermuda, succeeds Stephen…
Mr Hanson, the managing partner of Carey Olsen Bermuda, succeeds Stephen…
Gibbons Company optimistic about ‘challenging’ 2023
Heading into the softer months, high manufacturing and shipping costs together with untimely arrivals, will continue to plague one of the island’s flagship retailers.
Depressed tourism numbers will fu…
Depressed tourism numbers will fu…
Om Juicery relocates to Aquarium café
After four years on Elliott Street in Hamilton, OM Juicery is moving and evolving.
In the new year, owner, Preston Ephraim, will reopen in the café at the Bermuda Aquarium, Museum & Zoo in Flatts,…
In the new year, owner, Preston Ephraim, will reopen in the café at the Bermuda Aquarium, Museum & Zoo in Flatts,…
Butterfield finished higher on the NYSE
The RG/BSX Index fell 26.82 (1.11 per cent) to 2,392.40 on Monday, dragged down by Bank of N.T. Butterfield Ltd. which closed down 50 cents (1.50 per cent) at $33.50, after 1,000 shares traded on the …
Bermuda digital bank launches USD stablecoin
Jewel, Bermuda’s new digital bank for global digital asset institutions, has partnered with blockchain development ecosystem, Polygon, to issue its Jewel USD stablecoin, Asset Servicing Times has repo…
Abic AGM as Richard Winchell retires
The Association of Bermuda International Companies completed its 2022 Annual General Meeting at O’Hara House, with Wayne Smith taking over as the new executive director from the retiring Richard Winch…
Moody’s affirms ratings for Aspen Insurance
The moves to reduce the risk profile, improve earnings and reinforce capital adequacy has factored in the decision of Moody’s Investors Service to affirm the A3 financial strength ratings of the insur…
Apex launches more services in Nordics
Felix Edgren has been named Apex Group Ltd. regional head of corporate product – Nordics, effective today.
Based in Sweden and reporting to HP van Asselt, global head of corporate products & growt…
Based in Sweden and reporting to HP van Asselt, global head of corporate products & growt…
Higher payroll tax proposed for exempt companies
There has been silence so far from business as companies determine how they would be affected by government proposals that represent a radical departure in Bermuda’s corporate tax structure.
The packa…
The packa…
Car dealer navigates inventory shortage
Vehicle sales in Bermuda were down by more than 20 per cent in August year over year, but it’s not a shortage of buyers that is the issue — it’s a shortage of cars.
The August Retail Sales Index repor…
The August Retail Sales Index repor…
Court of Appeal to entertain final submissions in Credit Suisse case
After five days of hearings last week, the Court of Appeals will entertain final written submissions in an appeal of a lawsuit that saw a unit of Credit Suisse end up on the wrong side of a $600 milli…