Business

The board of directors of Bermudian-based Axis Capital Holdings Limited has authorised the repurchase of up to $100 million of the company’s common shares.
The company said the repurchases may be effe…

Two bond insurance subsidiaries of Assured Guaranty Ltd. have resolved their exposure to bonds, as the Puerto Rico Highways and Transportation Authority exited from bankruptcy last week.
On December 6…

The Association of Bermuda Insurers and Reinsurers CEO John Huff is in Tampa Florida this week for the National Association of Insurance Commissioners Fall National Meeting.
Mr Huff is a past presiden…

After five days of hearings last week, the Court of Appeals will entertain final written submissions in an appeal of a closely watched law suit that saw a unit of global investment bank Credit Suisse …

The Bermuda Monetary Authority was praised as a world class financial authority by MPs in the House of Assembly on Friday.
The plaudits came after legislators passed a Bill to create a new class of in…

Recent grocery advertisements, along with comments on social media, continue to expose the now staggering cost of basic foodstuffs, shipping, fuel and utilities.
How are you coping, readers? How is a…

Dear Dave,
My dad and his wife asked my husband and I for $55,000. They want the money so they can pay off their debt. We’re debt-free and have a net worth of between $2 to 3 million, but we’re also …

A big move in Argus Insurance was the only activity moving the RG/BSX Index for the week, as nearly a quarter of a million dollars worth of Argus shares changed hands.
By the time the Bermuda Stock Ex…

The Argus Group has announced continued support of the Open Airways’ Spacer Programme with a donation of $8,360.
This is the fourth year Argus has supported the charity’s pledge to distribute at least…

Appleby Bermuda has advised Arc Ltd, a longstanding client, on its first parametric insurance product against high-impact epidemic risks.
The product will provide parametric insurance to African Union…

Bunge Limited, the American agribusiness and food company, has announced that its board of directors has unanimously approved moving its place of incorporation from Bermuda to Switzerland.
Under the p…

The board of directors of Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has approved an increase in the size of the company’s existing shar…

The board of directors of Bermudian-based Axis Capital Holdings Limited has authorised the repurchase of up to $100 million of the company’s common shares.
The company said the repurchases may be effe…

After winning $5,000 in the BEDC’s Rocket Pitch competition, middle-schooler Osheah Douglas is one step closer to forming her own business, Smart Snaxx.
The 11-year-old won the Youth category of the c…

The RG/BSX Index remained unchanged at 2,419.21 on Thursday.
The price of Argus Group Holdings Ltd was unchanged at $5.67, as 48 shares were traded on the Bermuda Stock Exchange.
Butterfield Bank rose…

For the tenth year in a row, Butterfield has been named Bank of the Year 2022 in Bermuda by The Banker, an international financial affairs publication.

The Banker, owned by the Financial Times, ha…

SiriusPoint Ltd, the global specialty re/insurer based in Bermuda, has appointed Rob Gibbs as president of its international business and to CEO of SiriusPoint International Insurance Corporation.
Bas…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Brit Reinsurance (Bermuda) Limited.
The outlook of these credit ratings…

Mosaic Insurance, the Bermudian-based global specialty insurer, has launched a pioneering platform powered by California-based Safe Security to help underwriters evaluate cyber risk for brokers and in…

Bermudian-based Sompo International, the global provider of commercial and consumer property and casualty re/insurance, has appointed Lawrence Doyle as chief operating officer, Global Markets.
He will…

A survey of investors has revealed that nearly 80 per cent believe greenwashing is prevalent in corporate reporting.
This alarming statistic is pulled from PwC’s 2022 Global Investor Survey which stat…

Attorneys Nicole Cavanagh and Tanisha Butler join MJM law firm’s matrimonial & family law practice in the dispute resolution team.
Ms Cavanagh joins as a senior associate leading the matrimonial …

The latest monthly retail sales figures showed another slump — the third month in a row and the twelfth time in 14 months.
The worrying trend showed retail sales volume was down by nearly five per cen…

John Wight has stepped down from the board of directors as group chairman of BF&M Limited, effective immediately.
Acting chairman Tony Joaquin said: “On behalf of the entire board, I would like to…

A legal case involving the Spice Girls was cited by a lawyer as he attempted to fight a $550 million Supreme Court judgment against a Bermuda unit of one of the world’s largest investment banks.
The C…

The RG/BSX Index fell 1.19 points (0.08 per cent) to 2,419.21 on Wednesday.
The issue driving the change was Argus Group Holdings Ltd which fell eight cents (1.4 per cent) to $5.67 after the trading o…

Fast Company, one of the world’s leading progressive business media brands, has recognised DigiRoo with an honourable mention in their 2022 Innovation By Design Awards.
DigiRoo founder Antonia Hol…

ReGen Group Limited, formerly AG Holdings Limited, has hired Keith Jernigan as director of operations following the company’s rebrand.
Mr Jernigan joins the company following a 20-year career in leadi…

A Bermudian relationship coach has relaunched her business to help leaders manage conflict and communicate better in the workplace.
Tina Laws, former executive director of Women’s Resource Centre, is …

John Wight has stepped down from the board of directors as group chairman of BF&M Limited, effective immediately.
Acting chairman Tony Joaquin said: “On behalf of the entire board, I would like to…

PwC Bermuda is to host a networking event December 22 for university students interested in connecting directly with the firm’s leaders and professionals, and learning more about a career at the islan…

Retail sales volume fell by nearly five per cent in August compared to last year, the Ministry of Economy and Labour reported today.
The 4.8 per cent decline was arrived at after adjusting for the ret…

A Bermudian-based shipping company is to hold a special general meeting on the island this month to seek shareholder approval for its re-domiciliation to Cyprus.
Frontline Ltd, which is engaged primar…

Bermudian-based re/insurers estimate that they will incur gross claim losses of more than $13 billion in payments to policyholders and cedants in the United States to cover the damaging effects of Hur…

Roxanne Pearman’s new day spa is an endeavour born purely out of the pandemic.
The owner of Saphora Hair, Nails and Day Spa had to get creative after the global health crisis ravaged the beauty indus…

Relm Insurance Ltd, the Bermudian-based specialty insurer, has revealed that it provides insurance coverage to the US and Australian entities of FTX, the crypto currency exchange that collapsed last m…

Bermudian-based re/insurers estimate that they will incur gross claim losses of more than $13 billion in payments to policyholders and cedants in the United States to cover the damaging effects of Hur…

Arno Duvenhage and Michael Goulborn have joined law firm MJM Limited’s dispute resolution team as senior associates.
Mr Duvenhage is an experienced commercial litigator whose practice focuses on com…

The credit ratings of Bermudian-based Fidelis Insurance Holdings Limited and its subsidiaries remain under review with negative implications, AM Best has said in a commentary.
The ratings agency said …

Annexus, the US-based retirement product design company, has announced that Athene BCA 2.0 Suite of Fixed Indexed Annuities, one of its flagship FIAs, won the “FIA of the Year” award at the SPi USA 20…

Entrepreneur Shi-Vaughn Lee’s Dove & Butterfly, the skin care business, has won the top prize of $500 as the e-tailer recording the most sales during Cyber Monday.
The annual event is an online in…