Business

Bermuda can lead the world in tackling the challenges of climate risk, a leading insurance executive told a sold-out audience at the inaugural Bermuda Climate Summit today.
Speaking of climate risk on…

Butterfield Bank shares closed down 20 cents to $29.52 today in moderate trading on the New York Stock Exchange.
A total of 91,958 shares were traded.
The Bermuda Stock Exchange Index was unchanged …

Butterfield Bank shares closed down 20 cents to $29.52 today in moderate trading on the New York Stock Exchange.
A total of 91,958 shares were traded.
The Bermuda Stock Exchange Index was unchanged …

Just 14 per cent of Bermuda reinsurers and Insurance Linked Securities funds surveyed have a developed approach to ESG – environment, social and governance – risks, accoridng to a new study.
And the …

Sompo International Holdings Ltd, the specialty property and casualty re/insurer based in Bermuda, almost doubled its adjusted profit for the fiscal year ended March 31, moving from $248.5 million in …

Senior banker Stuart Kirk, suspended by employers HSBC for his comments about climate risk, has been pulled from the panel line-up at the inaugural Bermuda Climate Summit.
Mr Kirk, global head of resp…

CrossTower, the crypto currency exchange and non-fungible token marketplace with an office in Bermuda, is to host NFT drops by BowieWorld, the metaverse created in 1999 by legendary singer and former …

Apex Group Ltd is to provide its single-source solution on a pro-bono basis to a UK-based investment fund of funds which will use it proceeds to fund children’s and education non-profits around the wo…

Industry veteran Matthew Rohrmann has joined Bermudian-based re/insurer Everest Re Group Ltd as senior vice president, head of investor relations.
Mr Rohrmann, who will report directly to Everest exec…

Bermuda Investor Community Limited has announced the launch of the island’s first fully digital platform bringing qualified individual investors and entrepreneurs together.
The platform’s launch event…

The net income of the Bermuda Monetary Authority increased eighteenfold in 2021 after its regulatory fees increased by $11 million, according to its annual report.
The BMA, Bermuda’s independent fina…

A wholly owned subsidiary of Bermudian-based insurer Enstar Group Limited has closed a previously announced agreement for a ground-up loss portfolio transfer with island-based Aspen Insurance Holdings…

Altamira Therapeutics Ltd, a Bermudian-headquartered biotechnology company, has reported promising results for trials of a nasal spray in reduction of an allergy.
Altamira, which says it is dedicated…

A Bermuda Climate Summit kicks off tonight with international leaders invited.
The forum has been convened through tomorrow by the Bermuda Business Development Agency in partnership with the Associati…

How did the average do-it-yourself investor fare last year? Dalbar, Inc knows!
First, a look back at 2021 investment environment in the United States. It was another impactful year for many events, pr…

Dear Dave,
My wife and I are in our late twenties, and we have two kids. Our combined income is about $110,000 a year, but we have $70,000 in loans on two cars, plus about $15,000 in credit card debt….

BF&M Ltd’s share price rose 27.7 per cent on the Bermuda Stock Exchange today on the trading of 1,000 shares. The insurer soared $4.98 to close on $22.99.
The move, today’s only trade, caused The …

Spectators have been invited to bear witness as a porch is rebuilt at the former Pub on the Square heritage building in the town of St George.
Owners FoodHub said the restoration will start this weeke…

Profits at Bermudian-based International General Insurance Holdings Ltd rose 90 per cent in the first quarter compared to the prior year period.
The specialty commercial re/insurer reported a profit o…

Catalina Holdings (Bermuda) Ltd has changed its management structure in a bid to increase its focus on global expansion.
The company, an industry leader in the insurance legacy retrospective space, …

For a long time Keanne Bean wanted to start her own health coaching business, but was unsure how to go about it.
Then she heard about the business incubator programme at the Bermuda Economic Developme…

The Bermuda Stock Exchange was unchanged yesterday, at 2,172.53, as no shares changed hands in Bermuda.
On the New York Stock Exchange, The Bank of NT Butterfield and Son closed at $29.02 down 54 cent…

PartnerRe Ltd today reported a net loss attributable to common shareholder of $539 million for the first quarter of 2022, compared to a net loss of $66 million for the same period last year.
PartnerRe…

The difference between actual and insured losses around the world could widen from $1.4 trillion in 2020 to $1.8 trillion by 2025, with the Asia-Pacific region accounting for almost half of all uninsu…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of four subsidiaries of Bermudian-based Convex Group Limited.
Island-bas…

Somers Limited has reported a net loss of $46.9 million for the second quarter of its fiscal year as the company was buffeted by the severe downturn in global investment markets.
The Bermudian-based …

Rebecca H Tadikonda has been appointed executive vice president, strategy and innovation at Bermudian-based Athene Holding Ltd.
Ms Tadikonda was formerly executive vice president, head of MetLife Hold…

Bermudian-based Convex Group’s net loss narrowed from $179 million to $158 million in fiscal year 2021 as its gross written premiums nearly doubled, the international specialty re/insurer said.
Conv…

Bill Calko wants to put the word out that he services Kias and Hyundais. It is not because business is slow at Rev Automotive Ltd in Southampton.
“I am actually quite busy,” the mechanic said.
It is…

The Bermuda Tourism Authority is studying an economic impact report from last October’s PGA Butterfield Bermuda Championship.
The report lays out economic benefits from the professional golf event hel…

The RG/BSX Index fell 163.31 points (6.99 per cent) to finish at $2,172.53 driven by a $3 drop in Butterfield Bank shares, which closed at $30 on volume of 8,605 shares.
Argus Group Holdings fell 10 c…

Tax justice campaigners have cited the US as the worst offender for countries helping individuals hide their wealth from the rule of law.
For the first time ever, the Tax Justice Network put the US at…

Carmen Trott has been promoted to principal engineer at iEPC Limited, the Bermudian-based engineering company announced today.
In her new role, Ms Trott will be responsible for managing the entire tea…

Sid Sankaran has resigned as chairman and chief executive officer of SiriusPoint Ltd, the international specialty re/insurer headquartered in Bermuda.
The company said he is to “pursue other opportuni…

Bermudian-based Apex Group Ltd, the global financial services provider, has announced the planned acquisition of the fund services and third-party management company business operations of Maitland In…