Business

Advocates for improved health claim the beverage industry is engaged in a global campaign “to thwart government efforts aimed at reducing the consumption of sugary drinks”.
The Global Health Advocacy …

Sixteen years after their inception, the RG Top 10 Employer Awards, presented by PwC, are firmly established as Bermuda’s most prestigious business accolades.
Employer representatives will be on hand …

The Supreme Court of Bermuda has sanctioned a scheme of arrangement regarding the redomiciliation of Hafnia Ltd, the tanker-owning company, from the island to Singapore.
The company said a copy of the…

A surge in business e-mail compromises has placed a growing financial burden on small and medium-sized enterprises, according to a new report by NetDiligence, the cyber risk readiness and response ser…

There has been an increasing trend where couples are together and in a committed relationship but keep their finances separate and only contribute to the joint bills – with everything else remaining i…

Dear Dave,
My husband is really excited after reading your books, and now he’s determined to start living on a budget. I love seeing this kind of passion and determination in him, but I’m not sure abo…

Carrick Group Ltd, the Bermudian-based international non-life legacy insurance business providing reinsurance and run-off solutions, has expanded its global footprint.
The company’s wholly-owned subsi…

The founders of Paradise Mobile were on hand today as the new mobile phone provider hosted a grand opening for its retail shop on Reid Street in Hamilton.
City officials joined with the company at the…

Page Grundmuller, senior vice-president at Axa XL Bermuda, will retire this month after an astounding thirty-four years of service with the company.
Page is well-known and respected within the commerc…

Running a tailoring shop for nine years, Rene Hill saw some horror-story wedding dresses come in for alterations.
“Dresses bought online can be really tacky,” said Ms Hill, of Rene Hill Originals. “A …

The Awbury Group and Polo Managing Agency Ltd have announced that Lloyd’s has granted in-principle approval for Awbury Syndicate 2025 to commence underwriting from January 1.
Awbury Syndicate 2025 is …

Next month’s Convergence 2024 will spotlight the transformative power of innovation in the insurance-linked securities market by bringing together global experts to discuss regulatory frameworks, cutt…

Convex Group executive chairman Stephen Catlin is to deliver the keynote address at the PwC Insurance Summit in November.
Registration has already opened for the event, which will be presented with th…

Bermudian-based Bacardi Ltd and The Coca-Cola Company have announced an agreement to debut Bacardi rum and Coca-Cola as a ready-to-drink pre-mixed cocktail.
The new ready-to-drink combination will be …

Paradise Mobile has invited the community to celebrate its new flagship retail space in Hamilton at a grand opening tomorrow.
The new space at 24 Reid Street in the former United Colors of Benetton lo…

A former Commanding Officer of the Royal Bermuda Regiment is to offer his leadership skills for the benefit of the private sector.
Lieutenant Colonel (Ret) Benjamin Beasley has been appointed as princ…

Insurance industry executive Christian Dunleavy has been appointed as the new chairman of the Association of Bermuda International Companies, succeeding Patrick Tannock.
Mr Dunleavy, who has more than…

Only hours after the Federal Open Market Committee said they would lower the target range for the federal funds rate by half a percentage point to 4.75 to 5 per cent, Butterfield Bank said they would …

BermudAir said today it was drawing more non-peak season visitors to the island with its latest travel offer.
As part of a limited-time promotion, those booking a BermudAir Holiday package in Septembe…

Mosaic Insurance, the Bermudian-based global specialty insurer, has launched customised global terrorism and sabotage coverage for fine art and specie insureds, with syndicated capacity extending up t…

Arch Insurance International, part of Bermudian-based Arch Capital Group, has promoted Maggie Munns to the position of head of Executive Assurance and Matthew Doherty to director of Underwriting, Exec…

Property and specialty insurer and reinsurer IQUW has announced the appointment of Peter Hearn as an independent non-executive director to the IQUW Holdings Bermuda board.
The company said Mr Hearn is…

Bermudian-based Axis Capital Holdings Ltd has appointed Sara Mitchell as its future head of Global Markets.
She succeeds Mark Gregory, who will retire from the company next March following a career th…

Bermudian Jodi Covington’s firm, Brand Development Group, has been chosen as one of America’s top 100 small businesses.
She received the recognition from the US Chamber of Commerce and CO–, the Chambe…

Tucker’s Farm Group, the Bermudian-based investment holding vehicle, has sold its minority stake in VIO Med Spa, the leading medical spa franchiser in the United States, in a deal worth more than $100…

Bermudian-based Vantage Group Holdings Ltd has promoted Lila Granda to the position of head of Political Risk and Credit.
She will join the group’s Insurance leadership team and report to Alex Blanco,…

Kewsong Lee, the founder and chief executive of BellTower Partners, will be appointed chairman of the board at Ascot Group Ltd, the Bermudian-based global specialty insurance company.
In connection wi…

Auto Solutions sales associate, Somers Smith has been recognised as a top Suzuki sales adviser, for the fourth time.
The award named him as one of the top three outstanding performers in the Caribbean…

Bermudian-based Ascot Group, the global specialty insurer and reinsurer, has completed the sale of the property and casualty managing general underwriters owned by Ethos Specialty Insurance LLC to Rya…

Bermudian-based Axa XL has appointed Chris Caponigro as the head of Reinsurance Capital Management.
In his new role, the company said Mr Caponigro will further expand the product offering and investor…

A near seven year old government proposal to raise height restrictions on city buildings has been floated again, but this time from within the private sector.
Bermuda architects believe the delivery o…

Watlington Waterworks has reported a 53 per cent jump in net profit in the first half of 2024 compared with the prior year period.
In a directors’ report to shareholders filed with the Bermuda Stock E…

Resolution Life, the Bermudian-based global life insurance group focusing on the acquisition and management of portfolios of life insurance policies, has appointed Moses Ojeisekhoba as president with …

Adam Birch has been named Coldwell Banker Bermuda Realty’s top sales and rental agent for the 2023-2024 year.
Mr Birch received his award from president and chief executive officer Brian Madeiros duri…

David Burt, the Premier and Finance Minister, has backed the island’s life reinsurance industry and island regulators in an interview this month with the Financial Times.
During the meeting with the F…

Kendaree Burgess, chief operating officer of the Bermuda Business Development Agency, is to appear on a panel at the Citywealth Forum in London in May.
Citywealth is an award-winning media and events …

I’m sure I speak for most people when I say that at some point in your life, you wonder whether it’s worth just simply renting as opposed to homeownership. Sure, there is the enjoyment of owning your …

Bermudian-based Signet Jewelers, the world’s largest retailer of diamond jewellery, has reported an operating loss of $100.9 million in the second quarter of fiscal year 2025.
That is down from operat…

For Londoner Rebecca Bateman, setting up a business in Bermuda as a non-Bermudian had its hurdles.
Before launching Bermy Recipe Box, she had to set up a full-limited company and then apply for a work…

As the world of work continues to evolve, workplace forum The Huddle, has arranged an event to help people navigate career transitions.
The virtual discussion on Tuesday will particularly target peopl…

The shareholders of Bermudian-domiciled Hafnia Ltd, the tanker-owning company, have voted to approve a scheme of arrangement that proposes to re-domicile the company to Singapore.
The company is to pe…

Abacus Ltd, the Bermudian-based accounting firm, has appointed Dominic Mensah to the role of financial solutions consultant.
Mr Mensah, who holds an MBA in Finance, has held a number of accountancy ro…

A sidecar established in 1999 by co-sponsors RenaissanceRe and State Farm Mutual Automobile Insurance Company has had its ratings affirmed by AM Best.
The ratings agency affirmed the financial strengt…

While government introduced a framework of solutions for family offices some six months ago, it appears there will be slow progress in attracting the speciality business of wealthy clients.
A family o…

AM Best has affirmed the credit ratings of Bermudian-based RenaissanceRe Holdings Ltd and its main subsidiaries, many of which are also domiciled on the island.
The ratings agency has:
• affirmed the …

With deepening concern over the climate crisis, the director of a global investments consulting company is advising his wealthiest clients to invest in heating, ventilation and air conditioning firms….

Gallagher has appointed Bermudian Jasmine DeSilva as managing director of its new specialty business on the island.
The global insurance broker, risk management services and consulting firm, which has…

Ninety per cent of the globe’s ocean-going tonnage is reinsured in Bermuda, the Bermuda Captive Conference was told.
In a session on Bermuda mutual captives, Tawana Tannock, managing director, Skuld …

The demographic shift towards an ageing population in Bermuda raises important matters that should be considered, including any legal problems encountered in the wake of an ageing trend, and what step…

Bermuda Aviation Services Ltd and its subsidiaries have reported total comprehensive income of a little more than $1 million for the year ended March 31.
The company’s income of $1.005 million compare…