Business

Businessman Raj Gupta, who runs the island-based investment management firm Invictus RG, is to hold his first solo art exhibition beginning on Friday at the Bermuda Society of Arts.
Mr Gupta won art c…

Real estate professionals received awards during a ceremony at the Royal Bermuda Yacht Club Wednesday to recognise professional services team members of the Bermuda Realty Company Limited and top sale…

The RG/BSX Index remained unchanged at 2,364.05 for the day with no trading activity on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited finished down 49 cents (1.40 per cent…

Digicel has said they will deliver faster speeds for home fibre internet with the introduction of gig speeds from Digicel+.
The company said in a statement Wednesday that the introduction of gigabit …

Polaris Holding Company Ltd., parent company to Stevedoring Services Limited and East End Asphalt Company Limited has made Zyon Minors the recipient of a Polaris Holding Company Ltd. Education Award.
…

SiriusPoint Ltd, the global specialty re/insurer headquartered in Bermuda, has appointed Phil Wooldridge as head of London US Casualty.
The company said Mr Wooldridge has more than 25 years of experie…

SFL Corporation Ltd, the ship-owning company based in Bermuda, has reported a net profit of $57.4 million in the second quarter of the year.
The company received charter hire of approximately $164.9 m…

Bacardi Limited, the world’s largest privately held spirits company, has appointed Dave Ingram as chief supply chain officer.
The Bermudian-based company said Mr Ingram brings 30 years of supply chain…

Bermudian-based Premia Holdings Ltd has announced that Premia Syndicate 1884 has entered into a loss portfolio transfer agreement with Hiscox Syndicate 33.
The subject portfolio consists of a diverse …

The RG/BSX Index remained unchanged at 2,364.05 for the day with no trading activity on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited finished up 26 cents (0.75 per cent) …

An eight week global fintech education programme was recently completed by 13 Bermudians.
The programme was a collaboration between the Economic Development Department and NEXT, the Island’s first dig…

Industry veteran Doug Kovach has joined Concert Insurance Company as senior vice-president, underwriting and programme management, reporting to Concert’s chief underwriting officer, Joe Alberti.
“Doug…

Axa XL Insurance has promoted Michael Perrotti to the role of chief underwriting officer for its marine insurance business in the Americas.
Previously inland marine practice leader for marine in North…

Bermudian-based Argo Group International Holdings Ltd has appointed Jessica Snyder to serve as president, US insurance.
Ms Snyder will report to Tom Bradley, Argo’s executive chairman and chief execut…

HowdenCAP, a division of UK-based international insurance broker Howden, and Bermudian-based specialty carrier Mosaic Insurance have launched a pioneering integration of their technology platforms tha…

Global Atlantic Financial Group, the Bermudian-based financial services company, has announced a $10 billion group annuity reinsurance agreement with Equitable Financial Life Insurance Company to rein…

John Wight, the group CEO of BF&M Limited, is to retire at the end of the month.
Mr Wight, who became president and CEO of BF&M in 2005, will be succeeded as group CEO by Abigail Clifford, eff…

A Bermuda company is expecting to deliver in the near future a new class of waterway vessels powered entirely by sustainable energy – vessels envisaged as the next generation of commercial ferries.
Br…

Bermudian tech entrepreneur Tom Allason and the team at Residently have revolutionised the British rental property market with an app that eliminates the stress and pain from the renting process.
Laun…

Reinsurance companies are increasingly shifting away from the uncertainty of catastrophe risks and orientating their business mix more towards casualty and specialty primary lines, where pricing movem…

The Bermuda Business Development Agency is seeking a chief operating officer.

The BDA said that the new COO will be part of its executive team, reporting to the CEO.
An job advertisement on the BDA w…

This is one of those strange times when markets appear to be sending conflicting signals. Specifically, the 15 per cent rebound in the S&P 500 stock index since bottoming in mid-June suggests a li…

The RG/BSX Index remained unchanged at 2,364.05, for the day with no trading activity on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited finished up 18 cents (0.52 per cent)…

Student and aspiring lawyer Ice’ces Jackson has been awarded the Carey Olsen Investing in People scholarship.
The firm said she is the second person to be awarded the scholarship since its launch.
Ms …

Compre, the international legacy group headquartered in Bermuda, has acquired the hospital liability portfolio of German insurer Basler Sachversicherungs-AG, an entity of the Baloise Group.
The acquis…

Apex Group Ltd, the Bermudian-based global financial services provider, has acquired SandsPoint Capital Advisors, the US-headquartered professional services firm to the real estate market.
SandsPoint …

A Bermuda company executive has been granted a US patent for software that is a powerful defence against cyberwarfare.
But the application has been engineered into an integral part of a suite of servi…

BlockFi, the global crypto financial services company, is recruiting staff for an office in Bermuda.
The company, which also has operations in New Jersey, is advertising for a head of Bermuda AML, and…

Dear Dave,
My husband and I are retired. I receive a small pension, and we are both on government health insurance. We have about $25,000 left to pay on our mortgage, along with a second mortgage of $…

Offshore law firm Appleby has announced that 32 of their lawyers across nine jurisdictions have been recognised in this year’s IFLR1000 rankings.
Appleby’s offices in Bermuda, the British Virgin Islan…

The US Federal Reserve raised interest rates again on July 27, in a second abrupt escalation one month apart, an additional 75 basis points, or 0.75 percentage points, was added to several prior actio…

Digicel is launching LookOut – a mobile security app that protects digital information.
The company said the app is useful at every level, including for device security, internet privacy and identity …

Financial services company Athene Holding Ltd. donated more than $4 million to charitable causes, committed a million dollars to water quality and train improvement in Central Iowa and executed the tw…

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…

Maura McGuigan, a senior director at AM Best, is to be among the panellists for a discussion about using captives for environmental, social and governance (ESG) initiatives during the Bermuda Captive …