Business

Bermudian-based James River Group Holdings Ltd has announced that two of its principal operating subsidiaries entered into a combined loss portfolio transfer and adverse development cover reinsurance …

BMS Re, the specialty reinsurance arm of the global broking group BMS, has appointed Farah Nelson as chief financial officer, subject to regulatory approvals.
Based in New York, Ms Nelson will report …

Trusts is one area of the law that will retain its human element rather than defer to artificial intelligence, a leading lawyer told attendees at a conference organised by the Bermuda Bar Association….

The Bermuda College Foundation has highlighted three students who have recently completed their first year through scholarships donated by the Association of Bermuda Insurers and Reinsurers, in memory…

Six interns with Liberty Mutual Bermuda are being exposed to various facets of the insurance industry throughout the summer, providing them with a holistic understanding of the inner workings of a lea…

A United Nations webinar promoting gender equality in the business world has spaces available.
The Women’s Empowerment Principles webinar, facilitated by Imani Duncan-Price, consultant for the Unite…

Toronto-based DeFi Technologies Inc has signed a binding letter of intent to acquire Stillman Digital, including its Bermudian-based subsidiary Stillman Digital Bermuda Ltd.
The island-based entity wa…

SiriusPoint Ltd, the Bermudian-headquartered global specialty insurer and reinsurer, has appointed Anthony Williams as chief risk officer for SiriusPoint International Managing Agency and its Internat…

Assured Guaranty Ltd, the Bermudian-based holding company, is to combine its two US-based financial guaranty insurers.
Assured Guaranty Municipal Corp will merge into Assured Guaranty Inc, which was n…

Everest Insurance, the insurance division of Bermudian-based Everest Group Ltd, has promoted Harry Townsend to chief ceded reinsurance officer, leading the Ceded Re strategy for the global division.
H…

An electronic case management system is expected to be operational in Bermuda’s courts by next spring, the Chief Justice told attendees at a conference organised by the Bermuda Bar Association.
Larry …

Conyers has named five Bermudian students in their 2024 Legal Education Awards. The scholarship recipients will be awarded $70,000 in scholarship funding.
The law firm said the annual scholarship reco…

Eight Bermudian teenagers have spent two weeks with BermudAir, learning about all aspects of the airline business and the aviation industry in the ultimate summer school job.
BermudAir’s inaugural Sum…

When Sylvia Oliveira started as an actuary in Bermuda in 1999, there were only a handful of other life-sector actuaries here.
“There were the ones I knew in my company,” she said. “Maybe there were on…

The government department that provides guidance for project management and procurement activities is about to get some guidance itself, according to Vance Campbell, the Minister of the Cabinet.
Mr Ca…

Bermuda-managed service provider Ingine Limited, is sponsoring BioQuest, a pioneering non-governmental agency focused on local biodiversity conservation through genomics.
The partnership will provide …

Before I begin my article, I want to thank The Royal Gazette for reaching out and asking me to partner with them and become a regular columnist. I was honoured to be recognised for my editorial co…

My husband and I both work outside the home, and he has come up with an idea for our fun money. He wants us to set up an account where we both put 5 per cent of our earnings for discretionary spending…

The RG/BSX Index finished the week down 25.11 points (1.03 per cent) to close at 2,430.49.
The weekly turnover was $64,956.
Only Polaris Holdings saw activity today, with 100 shares changing hands to …

Fighting the retirement savings crisis is a priority for Athene Holding Ltd, Jim Belardi, the cofounder and chief executive officer has declared.
He told Best’s Review that the company was started in …

The Bermuda Monetary Authority has invited the insurance industry and other interested persons to provide commentary on the proposals set out in a guidance note relating to segregated accounts.
The au…

Hurricane Beryl did not impact local insurance-linked securities firms as much as initially feared, one industry insider has said.
Before Hurricane Beryl reached Jamaica on Wednesday, some ILS asset m…

When Raina and James Barbosa started selling croffles – a cross between a waffle and a croissant – customers liked the product so much, they wanted the franchise.
“Ever since opening the Croffle Haus …

Parliament was warned of an impending economic war, with recent moves by domestic insurers frowned upon as they positioned themselves for an evolving market.
The Government was urged to view the plann…

A new approval process for affiliate investments forms a key part of the Bermuda Monetary Authority’s enhanced regulatory regime for long-term insurers and reinsurers.
The change to the technical prov…

Bermudian-based lawyer Michael Hanson of Carey Olsen has been recognised in Asia Business Law Journal’s Top 50 Offshore Lawyers list for 2024.
Mr Hanson, Carey Olsen’s group managing partner, is among…

Entrepreneurs are being encouraged to elevate their social-media skills by attending a webinar hosted by the Bermuda Economic Development Corporation in partnership with Amrita Bhalla, of Performance …

AM Best has placed the credit ratings of Bermudian-based BF&M Ltd and its subsidiaries under review with developing implications following the announcement of its proposed combination with the Arg…

The second-highest judicial officer in the United Kingdom is to give the keynote address tomorrow at a conference organised by the Bermuda Bar Association.
Sir Geoffrey Vos is the Master of the Rolls,…

The RG/BSX Index closed today at 2,430.84, down 19.78 points (0.81 per cent).
Two thousand shares in Argus Group Holdings Ltd changed hands on the Bermuda Stock Exchange. The stock closed at $5.17, do…

Rapid advances in technology will accelerate the pace and widen the scope of cyberattacks on the island’s businesses, a Bermudian expert has predicted.
Ryan Benevides is a vice-president and principal…

A Bermuda bank has denied having special banking exclusions for those released from prison, after MPs bought up the issue in Parliament.
During the House of Assembly session on Friday, David Burt, the…

A lawyer for the Bermuda Monetary Authority has branded as “outrageous” a claim by opposing counsel that the BMA and White Rock Insurance (SAC) Ltd were acting in “collusion” in the regulatory authori…

A redesigned summer internship programme at Appleby Bermuda, will this year feature six legal interns to the firm, while its corporate and fiduciary service provider, AGS Bermuda, hosts two more.
The …

As category 4 Hurricane Beryl steamed directly towards Jamaica today, insurance linked securities firms braced for a potential $150 million impact, according to Plenum Investments.
The Zurich-based I…

The European Union is actively revamping captive insurance industry regulations and policies to better lure more business away from Bermuda and other offshore jurisdictions, according to a new report …

The Bermuda office of Walkers, the international financial services firm, has announced the promotions of six staff.
Those promoted and their new positions are: John McSweeney, senior counsel, Insolve…

Bermudian-based Monument Re Ltd has announced that its subsidiary Monument Assurance Belgium NV has completed the acquisition of a branch 21 closed book classical group life insurance portfolio from C…

A local car dealership is lukewarm about changes to the rules to allow the sale of larger electric and hybrid vehicles, saying the extra length and width is not enough.
On Friday, the House of Assembl…

David Burt, the Premier and Minister of Finance, believes the proposed merger between two of Bermuda’s largest domestic insurance companies is a direct reaction to the decision to pursue Universal Hea…

Argus Group chief executive Alison Hill will be a free agent if her employer’s proposed merger with BF&M is completed.
If the deal closes, Abigail Clifford, the group president and chief executive…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty insurance and reinsurance, has appointed Christoph Müller as country manager, Insurance for Sw…

Bermudian-based Axa XL has appointed Kathleen Ziegler as chief operating officer for its Americas’ insurance business.
She will report to Lucy Pilko, Axa XL’s CEO, Americas, who said: “Kathleen has an…

PwC Bermuda has promoted Kristen Robinson to director, Financial Advisory, primarily to focus on enhancing consulting capabilities to support clients in achieving their strategic objectives.
Ms Robins…

The amalgamation of BF&M and Argus will lead to job losses but the offices and business lines affected and their extent are not yet known, the future chief executive of the combined company has sa…

Have you ever noticed when viewing or sharing a media file on platforms such as YouTube or Instagram that the html address includes a random string of letters and numbers?
For example, a recent YouTub…

The Fidelis Partnership together with Fidelis Insurance Holdings Ltd has confirmed that Syndicate 3123 has formally begun underwriting business at Lloyd’s.
The Fidelis Partnership Syndicate was launch…

Fortitude Reinsurance Company Ltd has announced a $250,000 donation to the student literacy charity, Bermuda Education Network.
Amanda Stewart, head of Employee Experience, Fortitude Re and BEN board…

Surging ransomware claims in 2020 and 2021 led to a major market correction that last year stabilised conditions, as improved cyber hygiene among insureds, helped to prevent or mitigate the impact of …

Conyers has begun its 2024 Bermuda Summer Law Student Programme, with eight law students or recent graduates interning at the firm over two, six-week terms.
It allows aspiring legal professionals to g…