Business

Leaders must embrace rapid technological change to capitalise on the opportunities it will present, a futurist has said.
Sinead Bovell, who is to be a featured speaker at Bermuda Tech Week this month,…

A market discussion on the state of Bermuda’s life and annuity sector shows that assets under management have been barrelling towards $1 trillion.
A Bermuda lawyer closely allied with the industry bel…

The RG/BSX rose 9.41 (0.39 per cent) to 2,432.80, driven higher by trading in a single transportation stock.
Bermuda Aviation Services Ltd rose $1.70 (161.9 per cent) to close at $2.75 on trading of 3…

Bermudian-based Lancashire Insurance Group, the global specialty re/insurer, has welcomed ten new staff members.
Angus Roberts has joined as head of airline, Francis Lobo has been appointed head of en…

Lloyd’s is restoring network services after taking some systems offline in the wake of unusual activity on its network.
In a statement on its website, Lloyd’s said: “Last week, unusual activity was de…

Former Bermuda market veteran Andrew Carrier has been appointed chief executive officer of MS Amlin Underwriting Limited, the Lloyd’s re/insurer.
Mr Carrier, currently MS AUL’s chief underwriting offi…

An American organisation with operations in Bermuda has announced the launch of the Diamond Standard Spot Market, enabling free and instant trading of Diamond Standard Coins.
The move comes after Diam…

Key participants in the alternative reinsurance, convergence and insurance-linked securities marketplace come together this week for networking and education sessions at Convergence 2022
ILS Bermuda o…

The RG/BSX Index rose 40.22 (1.69 per cent) to 2,423.39, spurred by the advance of the only issue trading on the Bermuda Stock Exchange for the day, Bank of N.T. Butterfield Ltd., which rose 75 cents …

The Bermudian-based global headquarters of family-owned Bacardi Limited has been certified as a “Great Place to Work” in its first year of participation in the global workplace culture programme.
Baca…

Bermuda’s banking sector recorded net after-tax income of $86.3 million in the second quarter of the year, the Bermuda Monetary Authority has reported.
The BMA, in its quarterly banking digest, said t…

Consilium, the international re/insurance broker, has announced that six leading financial lines specialists are joining the organisation from Ed Broking.
The company said the individuals involved are…

Bermuda lawyers taking on Dame Flora in the international triathlon?
Carey Olsen Bermuda will be competing in the International Triathlon Union’s 2022 World Triathlon Series Championships in Bermuda t…

DeNexus, the provider of next-generation cyber-risk modelling for industrial organisations, reinsurers and investors in insurance-linked securities, has taken it to another level.
The company opened i…

For the second time in little more than a year, Moody’s Investors Service has downgraded the rating for the Government of The Bahamas, this time because of a higher degree of government liquidity risk…

Bermuda’s $22 million revenue loss in aircraft registry receipts as a result of the withdrawal of Russian aircraft certification business, can be covered by better than expected tourism receipts, a ra…

A healthy relationship between employees and employers – with all parties understanding and living up to their obligations – is fundamental to our economy. Looking at the details of some employment d…

Dear Dave,
My wife and I are in our late twenties, and we have a full emergency fund saved up. Our only debt is our home. We have talked about having a child some time next year, but I am on the road …

The RG/BSX Index moved 163.29 (6.85 per cent) higher closing the week at 2,383.17, pushed up by two advancers on the Bermuda Stock Exchange.
Bank of N.T. Butterfield Ltd. closed up $2.90 (9.6 per cent…

Fresh off an overseas business development mission in Toronto, the Bermuda Business Development Agency is back on the road to Egypt this fall, but first to Singapore this week to meet with strategic p…

Investments expert Caspar Rock gave a “gloomy outlook” on the coming year’s global economy, predicting recession in the developed world.
Mr Rock, chief investments officer at Schroders Wealth Managem…

The RG/BSX Index remained unchanged at 2,375.41, with no activity on the main board of the Bermuda Stock Exchange.
On the New York Stock Exchange, the Bank of N.T. Butterfield & Son Limited closed…

Athlete and junior team coach Eusebio King-Mills became this year’s Validus Re Scholar, when he won a $20,000 scholarship from the firm.
Validus announced the recipients of its annual scholarships on …

The head of the Regulatory Authority has been appointed the chief executive officer of the BAC group of companies.
Denton Williams, who will take up the post next Monday, has also served as chief oper…

Theodora Hand has joined Appleby Bermuda as Head of Employment and Immigration within its Dispute Resolution team.
Prior to joining Appleby, Ms Hand practised at St Philips Chambers in the UK where sh…

After a three year pandemic hiatus, the international law firm, Kennedys’ Hot Topics Seminar returned with a record attendance at the Bermuda Underwater Exploration Institute’s Tradewinds Auditorium.
…

Mike Gazzard has been promoted to Senior Vice President and E&O Product Line Leader of Axa XL’s Bermuda Insurance Professional Lines Team.
Mr Gazzard was previously a vice-president and senior und…

The Bermuda Stock Exchange is launching a new initiative to increase investor resilience and to encourage sustainable finance with listed companies and trading members.
The announcement came as the …

Mosaic Insurance has launched a global environmental liability division, its seventh specialty underwriting unit, to be led by seasoned executive Jim Finnamore.
The company has also hired environmenta…

The Cayman Islands Economics and Statistics Office has estimated an unemployment rate of just 3 per cent in the first half of this year as the vacation destination reopened for tourism, the Cayman Com…

The RG/BSX Index remained unchanged at 2,375.41, with no activity on the main board of the Bermuda Stock Exchange.
In New York, The Bank of N.T. Butterfield & Son Limited rose 16 cents (0.46 per c…

Everest Re Group, Ltd. received top honours at the Inside P&C Honors awards ceremony, including the Hybrid Insurer of the Year award, which is an award that the editors designate to celebrate the …

KPMG has announced a raft of new appointments in addition to the retirement of managing director Damion Henderson, who had been in the role since 2008.
Replacing him are two new managing directors, Br…

Global financial services provider Apex Group Ltd. announced the expansion of its global compliance solutions designed for US investment advisers.
This follows the Apex launch of the service in the Si…

New BF&M Limited group president and CEO, Abigail Clifford has reacted to the confirmation of the Bermuda insurer’s “A” financial strength rating, by rating agency AM Best.

The rating agency a…

Walkers, the international law firm, has increased its Bermuda headcount by 25 per cent in the last 12 months, it said in a press release Wednesday.
The firm said the rapid expansion was required to m…

One day tech wizard Mikado Burchall noticed he had a lot of electronic devices in his home, such as security cameras, light switches and rolling storm shutters, but none of them talked to one another….

John Wasty, Partner and Head of Appleby Bermuda’s Dispute Resolution practice, will speak at The Chartered Institute of Arbitrators’ first-ever Americas Conference Friday in Miami, Florida.
CIArb is a…

The Regulatory Authority is inviting comment on proposed methodologies under consideration for calculating the feed-in tariff.
The FIT is the predetermined rate at which renewable energy is purchased …

The board of directors of Golden Ocean Group Limited has authorised a share buyback programme of a maximum $100 million, to purchase up to an aggregate of 10,000,000 of the company’s common shares for…

The RG/BSX Index rose 24.13 (1.03 per cent) to close at 2,375.41 as one issue traded on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield Ltd. closed at $33.00, up 45 cents (1.4 per cent) after…

AME Life Lux S A will merge into Monument Assurance Luxembourg SA following receipt of regulatory approval from the Commissariat aux Assurances in Luxembourg.
Bermudian-domiciled Monument Re Limited …