Business

A development insurance company capitalised in part by the Bermuda Government has made payouts to four Caribbean islands impacted by Hurricane Beryl, a Category 5 storm that swept across the region ea…

The financial performance of an island-based reinsurance company has been boosted by the results of a firm it acquired last year.
Last week RenaissanceRe Holdings Ltd reported second-quarter net incom…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa” (Superior) of Germany-based Munich Reinsurance Co and its subsidiaries, which includ…

KRyS Global, the international fraud investigation and dispute resolution firm, has appointed Joseph Sitholé to lead its Bermuda office.
He joins the firm from Calgary, Alberta, where he was a senior …

Barring any health issues, if you could buy a pill that made you live for a further 15 to 20 years, thus extending your life span to 110 to 115 years, would you buy it?
Ten years ago I would have said…

Dear Dave,
I’ve made a lot of stupid money mistakes in the past. Even though I finally paid off six figures in debt a few years ago and am in control of my finances for the first time in my life, I’m …

Chubb, the global insurer and reinsurer with operations in Bermuda, has reported second quarter net income of $2.23 billion, up 24.3 per cent year-over-year.
Core operating income was $2.2 billion, up…

Businesses in North East Hamilton are gearing up to join the Cup Match party.
The Court Street Market Association will stage its third annual Cup Match Extravaganza on Sunday from 1pm until 6pm.
Vehic…

RenaissanceRe Holdings Ltd has reported second-quarter net income available to common shareholders of $495 million, a jump of 159 per cent year-over-year.
Operating income in the quarter was $650.8 mi…

Applied Research Associates Inc has released its latest and most comprehensive version of HurLoss Hurricane Catastrophe Model software, including a greatly expanded full North Atlantic basin event set…

Engineering company iEPC Ltd has announced that Jamar Dill has earned an internationally recognised training award.
Mr Dill has achieved his ILM Level 3 — the ILM leadership training scheme is a progr…

Bermudian-based Vantage Group Holdings Ltd has bolstered its insurance leadership team with the appointments of Kelly Bellitti as chief pricing and portfolio actuary and Bermuda market veteran David V…

The impact of implementing Bermuda’s corporate income tax will come under the spotlight in a panel discussion at a major conference later this year.
In September, the island will host the Bermuda Capt…

Nick Moore has been appointed as chief executive in the Bermuda office of Aon.
On LinkedIn, the broker said: “Moore will lead Aon Bermuda’s Commercial Risk Solutions broking operations and have oversi…

Pension providers have said they will work with the Government to ensure fees comply with new government regulations.
Earlier this month, the Premier announced in the House of Assembly that pension ad…

Small-business owners are being encouraged to sign up for a course on how to use the accounting software QuickBooks.
The Bermuda Economic Development Corporation has partnered with accounting firm Aba…

Cushi Ming has been designing Cup Match merchandise, on and off, for more than a decade.
This year’s T-shirts, hats and stickers clearly say “Somerset Cricket Club” and “St George’s Cricket Club”.
He…

Disruptive technology has been identified as a top emerging risk in a survey of risk managers.
The survey, conducted by the Casualty Actuarial Society and the Society of Actuaries, included input from…

Ignite Bermuda has launched its fourth Young Adult Entrepreneurial Internship programme.
The eight-week scheme supports the development of young adults’ passion for entrepreneurship through workshops …

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-based Lion Reinsurance Company Ltd.
The outlook of these cred…

Law student Max Blakeney is the recipient of this year’s coveted Appleby Legal Education Scholarship worth $30,000, the law firm announced today.
The award is annual, with the possibility for renewal …

Nabors Industries Ltd, the Bermudian-domiciled energy technology company, has reported a second quarter net loss attributable to shareholders of $32 million.
That compares with a net loss of $34 milli…

Bermuda market veteran Conan Ward has been named interim CEO at Florida-based Solis Re.
Mr Ward succeeds company founder Andy Downey, who died earlier this month at the age of 58.
The interim boss has…

Longstanding rivals Somerset Cricket Club and St George’s Cricket Club are banding together to create an official Cup Match brand.
“We are really pushing forward with the establishment of a Cup Match…

Nico Buchholz has been appointed president and deputy chief executive of boutique airline BermudAir, the company announced today.
He brings more than 30 years of experience and expertise as an aerosp…

Bermudian-based Everest Group Ltd has made two leadership appointments to the company’s claims operations.
Everest said Andrew McBride has been promoted to group chief claims officer, where he will le…

Insurance company, Argus Group, announced today that its former chairman Sheila Nicoll, has died.
Paying tribute, Alison Hill, chief executive of Argus, said Ms Nicoll’s distinguished career and sign…

Clarien Bank has appointed Lola Myshketa as its new senior vice-president, head of private banking, the company said today.
According to a statement, Ms Myshketa will spearhead the strategic expansion…

An executive in the Bermuda office of Ariel Re has contributed to a chapter in a new book looking at how hurricanes and tropical cyclones are evolving, and have become more destructive.
Elizabeth Harr…

Veteran specialty market executive Toby Smith has joined Mosaic Insurance as Americas CEO.
The Bermudian-based company said Mr Smith, based in New York, is a top-ranking industry figure who will becom…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior) of the operating subsidiaries of Bermudian-based Everest Group Ltd, incl…

SiriusPoint Ltd, the Bermudian-based global specialty insurer and reinsurer, has appointed Inmaculada Gonzalez as global head of ceded reinsurance, effective August 19.
Based in New York, Ms Gonzalez …

Bermudian-based Aspen Insurance Holdings Ltd has appointed Tony Bishop as chief data and analytics officer.
In his expanded role, reporting to Rob Houghton, Aspen group chief operating officer, Mr Bis…

Many businesses are worried about the sustainability of their operations if costs continue to rise without corresponding increases in revenue, the Bermuda Chamber of Commerce has warned.
Recently, the…

Butterfield Bank has reported net income for the second quarter of 2024 of $50.6 million.
That compares with net income of $53.4 million for the previous quarter, and $61 million for the second quarte…

Bermudian-based reinsurance firm Global Atlantic’s generosity to local scholarship programmes is paying off.
It has plans to expand its staff from 60 to 85 in the next year, with most of its new hire…

Bad weather in 2023, particularly severe convective storms, drove an average combined ratio for American homeowners’ insurers to 111 per cent, leading to credit rating downgrades for dozens of compani…

There are several aspects of an enterprise’s use of data that now must land on the boardroom table of Bermuda organisations, including cybersecurity oversight. Compliance with the island’s Personal In…

There is no better indication of inflation than shopping at the grocery store. Items that were only $4 a year ago now have a price tag of $5.50, if not more. Although a $1.50 increase doesn’t seem muc…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa” (Superior) of Bermudian-based Assured Guaranty Re Overseas Ltd.
The outlook of these …

Apex Group Ltd, the Bermudian-headquartered global financial service provider, has appointed Nicholas Morse as chief business development officer, Americas.
With a wealth of experience and a proven tr…

Bermudian-based Everest Group Ltd has announced the transformation of its alternative capital business into a multi-vehicle capital management platform through the launch of Mt Logan Capital Managemen…

Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has agreed new five-year time charters on four 8,700 20-foot equivalent unit container vessels, which will add ap…

Axa XL has appointed Bermudian Michelle Bailey to the new role of head of Professional, Bermuda.
Ms Bailey, who reports to Noel Pearman, chief underwriting officer, Bermuda of Axa XL’s Insurance busin…

A menstrual care company founded by Bermudian entrepreneur Gayneté Jones has struck a deal that will see its innovative menstrual cups launch next week in more than 3,000 CVS Pharmacy locations across…

Kudos from investment advisers continue to pour in for Butterfield Bank, with a Seeking Alpha headline echoing Moon Capital Management’s Q2 2024 letter to clients: “We know of no other bank generating…

Colm Homan is to retire from PwC Bermuda at the end of September after a 31-year tenure at the firm, including more than 20 years as partner.
Arthur Wightman, territory leader, PwC Bermuda, paid tribu…

The Bermuda Economic Development Corporation is to hold a lunch-and-learn session about the process required to register a business on the island.
“Business Essentials: Step by-Step Business Registrat…

Carey Olsen was awarded nine band 1 rankings in the Chambers High Net Worth 2024 guide, including a new band 1 ranking for the Cayman Islands and 16 individual lawyer recognitions.
Chambers and Partne…

Clarien Bank has announced updates to its commitment to Environmental, Social, and Governance considerations, a field that the organisation said is quickly becoming indispensable for businesses worldw…