Business | Bermuda News Updates

Everest Re unit court win upheld

July 18, 2022

A US Court ruling that supported a division of Everest Re Group Ltd. has been affirmed by a federal appeals court, Business Insurance has reported.
The lower court ruling said the Everest Re unit does…

Nominations open for Tech Awards

July 18, 2022

The nomination period has opened for the annual Technology Innovation Awards, celebrating those making a mark in the technology industry.
The Tech Awards invites nominations of Bermudian companies, or…

Record intake of new entrepreneurs for fifth cohort

July 18, 2022

A programme launched to help develop Bermuda’s entrepreneurs has just welcomed their biggest ever cohort into the programme.
Enterprise Bermuda is funded through Bermuda’s premier source of free confi…

ABIC promoting diversity, equity and inclusion

July 18, 2022

A unit of the Association of Bermuda International Companies is focused on promoting a more diverse and inclusive workforce.
Philip Vandoninck, chair of ABIC’s Diversity, Equity & Inclusion Commit…

Bermuda Stock Exchange / Business

Shore Capital Group Limited (the “Company”): Announces Interest in 32 Regional Radio Spectrum Licences in Germany

July 18, 2022

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Banks blasted by PLP as BMA gets new regulatory powers

July 18, 2022

The Government will have the ability to dictate to banks what fees they can impose on customers under legislation passed in the House of Assembly on Friday.
The Banks and Deposit Companies Amendment A…

AM Best says Starstone is rock solid

July 15, 2022

AM Best has affirmed the credit ratings of StarStone Insurance Bermuda Limited and Its European subsidiary.
The rating agency affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term…

Retail sales reverse trend, climb 14.2%

July 15, 2022

Retail sales reversed a nine month trend and rebounded for spring, as reflected in the April 2022 Retail Sales Index.
The Ministry of Economy and Labour said April’s retail sales grew 14.2 per cent co…

Bank stocks fly 3.53% higher

July 15, 2022

The RG/BSX Index fell 0.39 (0.2 per cent) to close at 2,230.73 after 400 shares of Bermuda Press (Holdings) Ltd traded and the issue closed down 25 cents (5.0 per cent) at $4.75.
There was no further …

Bank cautions shareholders over stock purchase offer

July 15, 2022

The Bank of N.T. Butterfield & Son Limited has issued a warning to shareholders with regard to the offer by New York Stock and Bond LLC to purchase up to 50,000 of Butterfield’s ordinary shares, o…

Bermuda Stock Exchange / Business

Butterfield Cautions Shareholders Regarding New York Stock and Bond LLC Mini-Tender Offer for Shares

July 15, 2022

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Appleby lauded in Chambers’ 2022 guide

July 15, 2022

Lawyers from Appleby’s Bermuda, Cayman Islands and Jersey private client & trusts practices have received high rankings in the recently released 2022 High Net Worth Guide by Chambers Global.
Sourc…

Bermuda Stock Exchange / Business

Admission to Listing Announcement: – Trinitas CLO XIX, Ltd and Trinitas CLO XIX, LLC – CLO – Class E Reg S Deferrable Floating Rate Notes

July 15, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement: – Trinitas CLO XIX, Ltd and Trinitas CLO XIX, LLC – CLO – Notes Program due October, 2033

July 15, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement: – Trinitas CLO XIX, Ltd and Trinitas CLO XIX, LLC – CLO – Subordinated Notes Reg S due October, 2033

July 15, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement: – Trinitas CLO XIX, Ltd and Trinitas CLO XIX, LLC – CLO – Subordinated Notes Rule 144A due October, 2033

July 15, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement: – Trinitas CLO XIX, Ltd and Trinitas CLO XIX, LLC – CLO – Class B Rule 144A Floating Rate Notes due October, 2033

July 15, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement: – Trinitas CLO XIX, Ltd and Trinitas CLO XIX, LLC – CLO – Class A-1 Rule 144A Floating Rate Notes due October, 2033

July 15, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement: – Trinitas CLO XIX, Ltd and Trinitas CLO XIX, LLC – CLO – Class A-1 Reg S Floating Rate Notes due October, 2033

July 15, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement: – Trinitas CLO XIX, Ltd and Trinitas CLO XIX, LLC – CLO – Class A-2 Rule 144A Fixed Rate Notes due October, 2033

July 15, 2022

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Bermuda Stock Exchange / Business

Extension of Maturity Date for Kaith Re Ltd. SAC – Seaside Re 2021-21, 22, 23, 31, 41, 42 Bonds

July 15, 2022

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Bermuda Stock Exchange / Business

Delisting of Kaith Re Ltd. SAC – Seaside Re 2020-31 Bonds Due 15th, July 2022

July 15, 2022

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Bermuda Stock Exchange / Business

Delisting of Kaith Re Ltd. SAC – Seaside Re 2021-11 Bonds Due 15th, July 2022

July 15, 2022

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Bermuda Stock Exchange / Business

Extension of Maturity Date for Kaith Re Ltd., SAC – Seaside Re 2020-21, 22, 41 Bonds

July 15, 2022

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Casablanca reopens today

July 15, 2022

Bermuda’s restaurant scene is slowly returning to its pre-pandemic splendour, but not without the weight of technical, logistical, health and financial obstacles.
Casablanca, in Washington Lane, offic…

Caribbean warning over talent pool

July 15, 2022

Caribbean businesses will be challenged to build a better talent pipeline and create an environment that satisfies the talent into remaining in the region.
PwC’s Global Workforce Hopes and Fears surve…

Carey Olsen Bermuda maintains top rankings in Chambers HNW

July 14, 2022

Carey Olsen Bermuda Limited has again been ranked as a Band 1 firm for its trusts and private wealth practice in the latest edition of the Chambers and Partners High Net Worth guide, according to a st…

Bank shares down four cents

July 14, 2022

The RG/BSX Index closed at 2,231.11, down by 0.34 or 0.02 per cent, as only 250 shares ($1,000) from West Hamilton Holdings Ltd traded down 21 cents (5.0 per cent) to $4 on the Bermuda Stock Exchange….

Ocorian wins private client sector award

July 14, 2022

A global leader in corporate and fiduciary services, fund administration and capital markets that is based in Bermuda, has been recognised for its significant impact in the private client sector, duri…

Conyers named a leading offshore trusts adviser

July 14, 2022

For the seventh year in a row, Conyers has received the ranking of Band 1 for its offshore trusts practice in Bermuda in Chambers High Net Worth 2022.
Conyers is described in the current guide as “re…

Bermuda Stock Exchange / Business

CATCo Reinsurance Opportunities Fund Ltd. (the “Company”) Announces Change to NAV Reporting Frequency

July 14, 2022

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Bank shares fall

July 13, 2022

The RG/BSX Index closed 4.56 (0.21 per cent) higher at 2,231.45 for the day, with only one issue trading on the Bermuda Stock Exchange.
BF&M Ltd finished up 50 cents (2.2 per cent) at $23.25 after…

Top scholars win educational awards

July 13, 2022

Alexis Lodge, who attended Bermuda High School before completing the two year Saltus Graduate Programme, has been selected as the 2022 Robert Clements Scholar in the award’s twenty-sixth year, the Chu…

Bermuda Stock Exchange / Business

THE GOVERNMENT OF BERMUDA ANNOUNCES THE EXPIRATION AND FINAL RESULTS OF ITS TENDER OFFERS

July 13, 2022

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Covéa Group closes $9 billion purchase of PartnerRe

July 13, 2022

French mutual insurer Covéa has completed its $9 billion purchase of Bermudian-based reinsurer PartnerRe from Exor, the companies have announced.
In conjunction with the close of the sale, Thierry De…

Promotions mark anniversary at Mosaic Insurance

July 13, 2022

Stavan Desai has been promoted to head of Americas, and Katherine Spenner has been named global chief legal officer of Mosaic Insurance’s transactional liability division.
The appointments come on the…

Assured Guaranty maintains AA rating

July 13, 2022

S&P Global Ratings has highlighted the very strong competitive position of Assured Guaranty Ltd., the publicly traded holding company based in Bermuda.
The rating agency has also pointed to the co…

GCX continues growth in FY22

July 13, 2022

Network service provider Global Cloud Xchange claims a strong close to their fiscal year, ending March 31, 2022.
GCX Holdings Limited (Bermuda), operating as Global Cloud Xchange (GCX), offers network…

Apex buys conference arm and tech platform of Context365

July 13, 2022

Bermuda-based Apex Group Ltd has acquired the technology platform and conference business of Context365 LLC, a provider of technology and events that connects alternative asset class investors with hi…

PwC’s workforce survey illuminates new workplace trends

July 13, 2022

PwC’s Global Workforce Hopes and Fears Survey 2022 has revealed that the pandemic-related exodus of workers from the workplace may be more of a trend than a one-time headache for employers.
Yet, many …

Bank share price closes higher

July 12, 2022

The RG/BSX Index closed 0.94 of a point (0.04 per cent) lower at 2,226.89.
The only advance on the Bermuda Stock Exchange for the day was BF&M Ltd, which finished 24 cents (1.1 per cent) higher a…

Bermuda Stock Exchange / Business

The Government of Bermuda Announces Pricing Terms for its Outstanding 4.138% Senior Notes Due 2023 and 4.854% Senior Notes Due 2024

July 12, 2022

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Pricing terms set for tender offer

July 12, 2022

Debt refinancing is on the menu as Government announced the pricing terms of its purchase offers for the outstanding 4.138 per cent Senior Notes due 2023 (outstanding principal amount of $353,905,000)…

Preston Hutchings joins VSS Capital Partners

July 12, 2022

VSS Capital Partners, the New York-headquartered private investment firm investing in healthcare, business services and education, has added W. Preston Hutchings as senior adviser.
Leveraging his thr…

Bermuda Stock Exchange / Business

BF&M Limited (“BF&M”) Share Repurchase June 2022

July 12, 2022

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BDA spotlights Bermuda’s ESG maturity

July 12, 2022

The Bermuda Business Development Agency, in association with Oxbow Partners, will air a webinar about Bermuda’s ESG maturity.
This latest edition of the Bermuda Angle webinar series – entitled ‘Bermud…

Mike Wells named Athora Group CEO

July 12, 2022

Mike Wells has been appointed CEO of the European retirement services group, Bermuda-domiciled Athora Holding Ltd., subject to regulatory approvals.
Michele Bareggi has been promoted to the newly crea…

ICIJ: Why Uber quit routing profits through Bermuda

July 12, 2022

Uber Technologies Inc routed a portion of company wide profits through a Bermuda subsidiary in a complex corporate tax structure to cut its tax bill, which their European lobbyist saw as the company’s…

EIC brings in $325m in 16 months

July 12, 2022

Since the Government’s Economic Investment Certificate initiative began more than 16 months ago, 19 applications have been approved, representing investments of more than $325 million into the local e…

Bank share price ends lower

July 11, 2022

The RG/BSX Index closed unchanged at 2,227.83 as the Bermuda Stock Exchange remained idle for the day.
The Bank of N.T. Butterfield & Son Limited closed down 23 cents (0.71 per cent) at $31.99 on …