Business

S&P Global Ratings has placed SiriusPoint Ltd and its core subsidiaries on CreditWatch, with negative implications.
But the global specialty insurer and reinsurer was out quickly with a response.
…

AXIS Group Benefits is offering a new supplemental medical insurance policy, HealthGap, which complements an employee’s qualified major medical policy by reimbursing covered upfront and out-of-pocket …

The second year of the Mosaic Insurance programme for summer interns, brings expansion, with students being placed in Bermuda, New York, and London offices.
Adiv Kuray, 18, is based at Mosaic’s New Yo…

This time last year, entrepreneur Bulent Ganal was selling Turkish outdoor furniture sets for $7,000 each.
The same set is now $9,000.
Mr Ganal who has run Grand Bazaar in the Clocktower Mall in Docky…

Representatives for new digital bank Jewel continue to pave the way for new office space on Victoria Street to meet an ambitious start date in September.
But they have confirmed to The Royal Gazette t…

The RG/BSX Index closed at 2,197.63, down 0.48 of a point (0.02 per cent) for the day, affected by Argus Group Holdings Ltd., which fell two cents (0.3 per cent) to $6.33 after trading of 8,474 shares…

Everest Reinsurance, the reinsurance division of Everest Re Group, Ltd. has continued to grow its network, with Joe Stuhl joining the company as senior vice president of global distribution.
In this n…

Government has estimated that nearly 400 local businesses attended the Cybersecurity Webinar Series.
The series was designed to help them learn from subject-matter experts and members of the Cybersecu…

The Bermuda Economic Development Corporation has called on the community to recognise micro, small, and medium-sized enterprises by shopping locally.
The BEDC message came as they announced an expansi…

Longtime Bermudian businesswoman and technology educator, Coral Wells, founder and executive director of Connectech Coding, has been recognised by the Caribbean Women Inventors & Innovators Networ…

Future insurance professional, Kiara Burcher, received a boost for her schooling from Bermuda’s international life re/insurance community with a $30,000 scholarship.
Bermuda International Long Term In…

The owner of a new Hamilton nursery school says government regulations need to change to help more local business owners launch without incurring heavy debt.
When Ajale Williams started City Strivers …

Appleby is a Gold sponsor of the Transcontinental Trusts: Bermuda 2022 conference on 29 June – 1 July at Hamilton Princess & Beach Club.
The firm said the three-day trusts conference typically att…

Energy mutual, Associated Electric & Gas Insurance Services Limited has won approval from a rating agency for its balance sheet strength, its adequate operating performance, neutral business profi…

Partner Keith Robinson at Carey Olsen Bermuda Limited and counsel Claire van Overdijk are presenting at the Global Elite’s inaugural Private Client Exchange Bermuda event June 28 and 29 at the St. Reg…

The cryptocurrency market is in upheaval, in concert with, and reflecting investor concerns in managing traditional capital market volatility.
Cryptocurrency is the latest evolution in the chain of me…

Dear Dave,
Sometimes on vacation trips I like to check out casinos. I always account for the money I wager in my budget, and I never spend more than I’ve allotted. How do you feel about gambling at a …

The RG/BSX Index finished up 54.01 (2.52 per cent) at 2,198.11 for the day after Bank of N.T. Butterfield Ltd. closed up 30 cents (1.0 per cent) at $30.30, on volume of 1,486.
Also up was Argus Group …

Specialty insurance underwriter Argo Group International Holdings, Ltd. has named a new CEO, Thomas A. Bradley, replacing Kevin J. Rehnberg.
Mr Bradley has served as Argo’s chairman since 2020, and h…

For the ninth consecutive month, the Retail Sales Index has tumbled, a period stretching through to March this year from as far back as the summer of 2021.
The Ministry of Economy and Labour has just …

The clock is ticking as the Government seeks to refinance a billion dollars of Bermuda’s debt over the next two years — with half a billion maturing in the upcoming fiscal year, and a $140-million not…

Phil Butterworth and wife Brittani Fubler love a good cup of Joe. She likes hers strong and adventurous. He likes his a little less strong.
Early in the pandemic they started bringing in their own co…

The RG/BSX Index remained unchanged at 2,144.11 after a day of no trading on the Bermuda Stock Exchange.
Meanwhile, the Bank of N.T. Butterfield & Son Limited fell three cents (0.10 per cent), clo…

Everest Insurance, the insurance division of Everest Re Group, Ltd has officially entered the Asian market after receiving regulatory approval from the Monetary Authority of Singapore to operate in Si…

Today, the Ministry of Economy and Labour released the March 2022 Retail Sales Index.
March’s retail sales fell 8.0 per cent compared to last year. In value terms, retail sales decreased by 4.5 per ce…

KPMG will co-sponsor the sixth Caribbean Infrastructure Forum as it returns, live and
in-person, at the Ritz-Carlton in Coconut Grove, Miami in September.
“Investment in state of the art, sustainable…

Financial service provider Apex Group Ltd has appointed Octopus Investments Australia to provide services to its fund structures focused on renewables investment.
Octopus Group is one of the largest o…

Craig MacIntyre, Scott Pearman and other Conyers directors will represent the law firm at trust events in Bermuda and overseas this summer.
Next week, Mr MacIntyre will speak at both Transcontinental …

The restaurant industry is facing some of its toughest times in decades, according to local eatery owners.
They spoke after the latest consumer price index figures for March confirmed price increases …

The RG/BSX Index closed unchanged at 2,144.11, with no activity on the domestic board of the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited closed down 11 cents (0….

Athene Life Re Ltd. made official their new office space recently on the second floor of Washington House in Hamilton.
It was the culmination of plans that began in 2020 to create a modern and more sp…

Acrisure, a global fintech firm with offices in Bermuda, has acquired veteran insurance brokerage Russell Scanlan.
The deal is expected to close soon, pending Financial Conduct Authority regulatory …

Aspiring teen entrepreneurs are invited to spend eight thought provoking days at BizCamp.
The camp, run by the Youth Entrepreneurship Initiative, returns to full day, in person workshops and group ac…

Butterfield is now accepting applications to its graduate talent programme through its website.
The programme is distinct from previous iterations in that it is open not only to university graduates b…

When Elysse McCarron graduated from university last year she struggled to find a job in her field of psychology.
So she decided to start her own business while she worked on getting her Master’s thro…

A Bermuda Supreme Court hearing has revised upwards Georgian billionaire Bidzina Ivanishvili’s estimated losses in a scandalous lawsuit involving CS Life, a division of the Credit Suisse bank.
The los…

The Economic Development Department revealed the 12 Bermudians selected for a global fintech education programme.
It results from a partnership between government, ViableEdu and Next, the island’s fir…

The RG/BSX Index closed at 2,144.11, up 27.60 (1.30 per cent) as Bank of N.T. Butterfield Ltd. rose 50 cents (1.7 per cent) to close at $30 on trading of 243 shares.
A second advancer was Bermuda Pres…

Argus Group Holdings Limited has reported full year results of $25.7 million to the end of March, compared to $10.1 million in the previous year.
Argus chief executive officer, Alison Hill, said the c…

Poor performance in investments and underwriting dropped domestic insurer BF&M to a first quarter loss for the period to the end of March.
The company said the $6.7 million loss is compared to the…

Vanessa Schrum, Appleby partner and group head of the private client and trusts department in Bermuda, will co-chair and speak at the Global Elite’s inaugural Private Client Exchange Bermuda 2022 on 2…