Business

An insurance company is suing China Construction Bank for damages it claims stem from losses related to a scandal involving Israeli insurtech company Vesttoo, according to reports.
The 70-year old Chi…

Six students gained hands-on experience in the car dealership industry through a summer employment programme at Auto Solutions in Pembroke.
Chelsea Almeida, a recent Berkeley Institute honours gradua…

The Hamilton Princess and Beach Club, which opened in 1885, is a nominee finalist in two categories for the 2024 Historic Hotels Worldwide Annual Awards of Excellence.
The hotel has been nominated as …

Members of the Association of Bermuda Insurers and Reinsurers generated 2023 gross written premium of over $171 billion, up from $145 billion in 2022.
This was revealed in the association’s global und…

SiriusPoint Ltd, the Bermudian-headquartered global specialty insurer and reinsurer, has announced a new partnership with Gigasure, an insurtech start-up offering personalised travel insurance.
London…

Carey Olsen has promoted Bradley Houlston to counsel within the firm’s employment law practice in Bermuda.
The organisation said Mr Houlston has more than ten years of experience advising clients on a…

Hiscox Ltd has appointed Jane Guyett as an independent non-executive director and chairwoman of its remuneration committee, subject to regulatory approval.
The firm said Ms Guyett has more than 25 yea…

RenaissanceRe’s acquisition of Validus Re has helped catapult it into the top spot among Bermudian-headquartered companies included in a ranking of the world’s largest 50 reinsurers.
The annual list a…

An S&P Global Market Intelligence analysis has listed the head of Chubb Ltd, Evan Greenberg, as the highest-paid chief executive among US-listed property and casualty or multiline insurers, with t…

Augustus funeral home regrets to announce the death of ROBERT EUGENE DAVIS (CRUMBUG) son of the late Aurthur and elsie davis (Napier) of 15 Bradford…

We regret to announce the passing of DAVID PHILLIPSON in his 78th year; father of Kurt Phillipson and Erin Bernhard; sister to Gloria Rego (Ed) and…

A new report has highlighted the resilience of Bermuda’s long-term insurance sector against liquidity-related shocks in the current volatile global environment.
The Bermuda Monetary Authority has just…

Bermudian-based Ocean Wilsons Holdings Ltd has reported a 2024 first-half profit after tax of $38.4 million, the company reported in a filing with the Bermuda Stock Exchange.
That is a drop of $9.5 mi…

Bermudian-based Wilton Re is to reinsure $11 billion of reserves backing Prudential Financial’s guaranteed universal life policies.
Prudential said the deal advances the company’s strategic progress i…

An afternoon of science-focused content has been added to the three-day ILS Bermuda Convergence 2024 conference, at the Hamilton Princess Hotel and Beach club starting October 7.
A new third-day segme…

Let’s face it, going to school is an essential – and let’s be honest, compulsory – part of growing up. School allows children to absorb academic knowledge, learn about social interactions, foster frie…

Dear Dave,
I’m pretty responsible with finances, but my girlfriend is in a bad situation with her money and her career.
She has a huge car payment and lots of credit card debt. On top of this, it take…

Insurance industry veteran Peter Spires has joined Bermudian-based Aspen as group head of Compliance and deputy group general counsel, reporting to David Amaro, the company’s group general counsel.
Mr…

Registration has opened for an eight-week business education programme run by the Bermuda Economic Development Corporation.
Entrepreneurship 101 is designed to equip new and aspiring entrepreneurs in …

While newspapers struggle to gain young readers, a new summer internship programme at The Royal Gazette has bridged the generational divide.
This newspaper introduced four interns to journalism, givin…

An exploration stage mining company headquartered in Spokane, Washington that favours a move to Bermuda is to ask its shareholders to approve a re-domiciliation to the island.
Gold Reserve Inc, which …

Bermudian-based Enstar Group Ltd has completed the previously announced transaction between one of its wholly-owned subsidiaries with Insurance Australia Ltd, on behalf of Insurance Australia Group, f…

Six aspiring entrepreneurs have been awarded certificates at a graduation ceremony for the seventh cohort of the annual Summer Student Entrepreneur Programme presented by the Bermuda Economic Developm…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a+” (Excellent) of the operating subsidiaries of Bermudian-based Axis Capital Holdings L…

Nancy Gosling is part a growing number of Bermudians investing in property in the Azores.

She and her husband, who is from the Azores, started visiting when they married 14 years ago, and decided to …

Bermuda’s well-earned reputation as a pre-eminent offshore financial centre is due in part to its sophisticated legal framework that supports a variety of business structures.
Among the various corpor…

David White is to become head of Aviation, Axis Global Markets, on October 1.
Mr White will succeed Terry Wood, who has decided to retire at the end of September.
One of Axis’ earliest team members, t…

Kristopher Lynn has joined the Bermuda office of Lockton Re as a senior broker and practice leader for the company’s new global agriculture practice.
Nick Durant, chief executive, North America, Lockt…

Sun Global Luna, a savings-oriented non-participating whole life product is the newest addition to the portfolio of Sun Life International.
Aimed at helping high net worth clients plan for wealth acc…

Bermudian-based Allied World Assurance Company Holdings Ltd has announced a partnership with the US-based Special Operations Warrior Foundation.
Through a newly created endowment, the company said, th…

AM Best has affirmed the credit ratings of Bermudian-headquartered Global Atlantic Financial Group Ltd and its subsidiaries, including island-based affiliates Global Atlantic Re Ltd and Global Atlanti…

Relm Insurance, the Bermudian-based specialty insurance carrier supporting emerging and innovative industries, has announced that Francesca Faedi has joined the company as a senior adviser to support …

Bermudian-based Arch Capital Group Ltd has appointed Dan Houston and Neal Triplett to the company’s board of directors.
The company said Mr Houston is a seasoned executive with a wealth of experience …

Coldwell Banker Bermuda has seen a surge in local interest in the Azorean property market, since partnering with Coldwell Banker Portugal in 2022.
The firm’s president and chief executive, Brian Madei…

The Caribbean island of Grenada has become the first country in the world to use a “hurricane clause” in a government bond — a special feature that allows authorities to postpone debt payments in the …

Asia Pacific Wire & Cable Corporation Ltd, the holding company incorporated in Bermuda, has reported a net loss attributable to APWC shareholders of $0.5 million for the first six months of 2024.
…

Lily Martin has been awarded the inaugural Jonathan Betts Legal Scholarship in the amount of $30,000 by the Bermuda office of law firm Walkers.
The scholarship is named in honour and memory of Mr Bett…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Bermudian-based Enact Re Ltd.
ERL is a Class 3A Bermuda insurer and r…

Bacardi Rum is to continue its partnership with MTV and Paramount Brand Studio as the Spirits Partner of the 2024 Video Music Awards for the second year.
Bacardi will be featured in the VMA ceremony o…

Annarita Marion will take over as chairwoman of the board of the philanthropic organisation, Centennial Bermuda Foundation, before the end of the year.
On December 5 she succeeds Tom Conyers, who is s…

A business set up to offer consumers low-cost products is to close next month owing to a fall in demand.
Fresh Ltd opened on Queen Street in 2022 under the motto “Fresh where low prices are the law …”…

BE Solar has completed what they called “an innovative solar panel project” at the Argus Group’s Wesley Street headquarters in Hamilton.
The company stated the 130 Aptos panel system installation is …

Bermuda’s lower income households have the least confidence in the island’s economy since consumer confidence tracking began 25 years ago.
A new survey has determined that non-Bermudian confidence is …

“… We have deluded ourselves into believing the myth that capitalism grew and prospered out of the protestant ethic of hard work and sacrifice. The fact is that capitalism was built on the exploit…

Claims for damages from Hurricane Ernesto, which hit the island as a category one storm, have not been as bad as first feared, according to insurance companies.
Ernesto brought hurricane or tropical s…

Bermuda’s reinsurance sector was a main driver as total dedicated reinsurance capital in 2023 jumped by 7 per cent to $568 billion, with an even larger increase projected for 2024, a report by AM Best…

Compre Group Holdings Ltd, the Bermudian-domiciled international legacy and reinsurance group, has completed a legacy reinsurance transaction with Accelerant, a data-driven risk exchange, following ap…

Warburg Pincus, the New York-headquartered global growth investor, has made a $100 million investment in Miami International Holdings Inc, the parent company of the Bermuda Stock Exchange.
Making the …

Ratings agency, Moody’s, has upgraded Digicel International Finance Limited corporate family rating and its senior secured bank credit facility ratings to B3, with a stable outlook.
In a statement, M…

When it comes to planning for retirement, the sooner the better is always key. The more time you plan, the better the chances of having a financially sound and comfortable retirement.
Now don’t get …