Business

Brian Tedeschi has joined Ascot Re Bermuda as a casualty reinsurance underwriter.
Mr Tedeschi previously worked at Lockton Re as a reinsurance broker.
Prior to that, he held positions at Guy Carpenter…

UK and Ireland capital investor BGF has appointed Bermuda’s Apex Group Ltd to provide ESG ratings and advisory services to over 230 high-growth companies in its portfolio.
BGF is an established, indep…

A record number of Bermudian students are taking part in a summer intern programme with companies belonging to Bermuda International Long Term Insurers and Reinsurers.
Twenty six students, including t…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Palomar Specialty Reinsurance Company Bermuda Ltd.
It also affirmed t…

Today, and especially in business, we need to focus on identifying, relating to, and integrating with a multitude of new and changing communities, using each to further expand and strengthen the fabri…

The Bermuda insurance industry has been at the forefront of a global transition from paper to digital based processes, according to a British expert.
“Bermuda reinsurers have matched and in many cases…

Bruce Carnegie-Brown has been reappointed for a third term as chairman of Lloyd’s.
The reappointment runs to June 2025.
Since his appointment in June 2017, Mr Carnegie-Brown has set the strategic dire…

Global financial services provider, Apex Group Ltd. has launched the Apex Credit Data Lens, expanding offerings for credit strategies.
CDL is a secure, cloud-based portal which allows asset managers a…

US capital markets are crashing – when have we seen this before, and how many times have we experienced it?
It’s probably the first time if you are a young investor, for the rest of us it is déjà vu a…

Dear Dave,
I live with my boyfriend, and we have a baby together. I brought debt into the relationship, and I’m using your debt snowball method to pay it off, but he is debt-free. We have quite a few …

The RG/BSX Index finished unchanged at 2,116.51 with no trading for the day.
But for the week, the Index fell 125.57 points (5.93 per cent)
A total of 4,612 shares changed hands for the week valued a…

Bermudian-based Ascot Group has promoted Elizabeth Johnson to the position of chief operating officer, North America Insurance.
The newly formed leadership position will have oversight for the strateg…

Carol Dixon has become the eighth island resident to qualify as a chartered director, the Bermuda branch of the Institute of Directors has reported.
The IoD said Ms Dixon has completed all three stage…

Karen Boesen has resigned her position as a director of Seadrill Limited, the Bermudian-based offshore drilling company.
Seadrill said Ms Boesen informed the company that she had no disagreement with …

For the first time in the 17 years of the KPMG Senior School Investment Challenge, none of the teams made a profit.
Twenty one teams from ten schools took part in the annual event. The challenge was t…

The RG/BSX Index closed unchanged at 2,116.51, with no trading on the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited fell 29 cents (0.97 per cent) to close at $29.7…

Industry veteran Sima Ruparelia is to join PartnerRe Ltd, the Bermudian-based global re/insurer, on June 27 in the role of chief actuarial and risk officer.
Ms Ruparelia will be responsible for risk a…

TeleBermuda International Limited has partnered with net2phone, a US-based cloud communications provider, to provide its unified communications-as-a-service (UCaaS) solutions to TBi’s business custome…

For the first time, American International Group has been recognised as one of the 50 most community-minded companies in the United States.
AIG was given the honour by Points of Light, a non-partisan,…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior) of the operating subsidiaries of Bermudian-based Everest Re Group Ltd.
T…

BMS, the independent specialist insurance and reinsurance broker has acquired SRG Group, the Australian corporate retail broker with operations in Perth and Queensland.
This comes ten months after BMS…

Leaders from the Bermuda and Lloyd’s reinsurance market joined David Burt, the Premier and finance minister, in a round table discussion in London.
The Association of Bermuda Insurers and Insurers org…

The Bank of N.T. Butterfield & Son Limited responded to Wednesday’s 75 basis point increase in the US Federal Funds Rate by adjusting its interest rates on loans and selected deposits by half a pe…

Ignite Bermuda has launched its annual eight-week internship programme for aspiring young entrepreneurs.
The Young Adult Entrepreneurial Internship, now in its second year, aims to support local young…

The Bank of N.T. Butterfield & Son Limited responded to Wednesday’s 75 basis point increase in the US Federal Funds Rate, by adjusting its interest rates on loans and selected deposits by half a p…

KBRA affirms the following insurance financial strength ratings of the insurance subsidiaries of the Tower Hill Insurance Group: A- for Tower Hill Prime Insurance Company (TH Prime) and BBB+ for Tower…

The RG/BSX Index fell 24.14 points (1.13 per cent) to 2,116.51 for the day.
The decline was driven by the only issue trading, Bank of N.T. Butterfield Ltd., which fell 45 cents or 1.5 per cent to $29….

Pine Walk Capital Limited, the London-headquartered specialist MGA platform that is a subsidiary of Bermudian-based Fidelis Insurance Holdings Limited, has launched a seventh MGA.
Pine Walk said Perni…

John Duda has joined the Bermuda office of Miller, the independent specialist re/insurance broker, as head of ILS development and capital management products.
In his new role, Mr Duda will focus on de…

Apex Group Ltd, the Bermudian-based global financial services provider, is to expand its presence in Malta with the announcement today of the planned acquisition of ZASMalta, a specialist provider of …

The newest Hamilton art gallery is located in a thrift shop, but there is nothing second hand about the artwork.
Habitat for Humanity Bermuda officially launched the gallery earlier this month, two ye…

The Cayman Island Consumer Price Index increased by 11.2 per cent in the first quarter of this year when compared to the same period in 2021, the Cayman News Service has reported.
The CNS commented th…

The RG/BSX Index plunged 101.43 (4.52 per cent) to close at 2,140.65, dragged down by the only two issues trading for the day.
Bank of N.T. Butterfield Ltd closed at $29.95, a drop of $1.05 (3.4 per c…

The six-day blockage of a vital maritime trade route last year by the Ever Given containership could result in more than $2 billion in claims, a leading French reinsurer has said.
The Ever Given, whic…

Bermudian-based Randall & Quilter Investment Holdings Ltd has reported a loss of $127.4 million for fiscal year 2021.
That compares with a profit of $37.7 million in the prior year.
The group IFRS…

The Bermuda Monetary Authority confirmed the registration of five insurers in May, taking this year’s number of new registrants to 32.
The BMA approved two restricted special purpose insurers – Eagle …

Apex Group Ltd, the global financial services provider based in Bermuda, has been appointed by 3iQ Digital Asset Management, Canada’s largest digital asset investment fund manager.
With $1.4 billion i…

Fitch Ratings has assigned an ‘A+’ insurer financial strength rating to Athene Annuity Re Ltd.
The rating outlook is stable.
The ratings previously assigned to Athene Holding Ltd. and its insurance s…

An insurance company set up in Bermuda nearly a decade ago is to provide drought-affected households in Malawi with swift relief with an upcoming climate insurance payout.
The payout will be made by A…

Soaring inflation has upended the financial markets this year, resulting in sliding asset prices and elevated volatility.
Cautious investors continue to brace for unfriendly central bank policies des…

A decision by Narinder Hargun, the Chief Justice, has settled a four-year-old dispute in the island’s collateralised insurance sector with a first-of-its-kind determination.
Mr Justice Hargun’s decisi…

There was no trading for the day on the domestic board of the Bermuda Stock Exchange.
The RG/BSX Index stood still at 2,242.07.
The Bank of N.T. Butterfield & Son Limited sunk 62 cents (2.07 per …