Business

Ronnette Burgess has been promoted to the new role of vice president of human resources and has joined the executive leadership team at The MarketPlace.
Mrs Burgess, who has worked with The MarketPlac…

Assured Guaranty Ltd, the Bermudian-based holding company, has reported a six-fold increase in net income to $66 million for the first quarter of 2022.
That compares with net income of $11 million in …

A leading local insurance company has confirmed that personal client data was accidentally released to unauthorised recipients, but said it did not include personal health or financial information.
C…

The RG/BSX Index remained unchanged at 2,376.84 with no activity on the Bermuda Stock Exchange for the day.
Meanwhile, in New York, The Bank of N.T. Butterfield & Son Limited finished down 88 cent…

Bermudian-based Textainer Group Holdings Limited, one of the world’s largest lessors of intermodal containers, has reported net income of $72.7 million for the first quarter, compared to $72.9 million…

The Bermuda chapter of the Institute of Directors is to offer a non-executive directors course for half its normal rate.
“The role of the non-executive director” stand-alone course on May 10 is part o…

Investment losses overshadowed positive underwriting results as Bermudian-based global re/insurer SiriusPoint Ltd reported a net loss of $217 million in the first quarter of the year.
That compared wi…

Palomar Holdings Inc, the California-based holding company of subsidiaries including Palomar Specialty Reinsurance Company Bermuda Ltd, has reported net income of $14.5 million for the first quarter o…

In a jurisdiction where Bermudians have more scholarship funding than ever before, deadlines have been closing on opportunities with a disturbingly low rate of applications.
A number of award provider…

A Supreme Court judgment against a Bermuda subsidiary of banking giant Credit Suisse will cost them some $600 million, the bank said in its first quarter financial report today.

The judgment relat…

Bermudian-headquartered Hamilton Insurance Group Ltd has announced two senior underwriting appointments at Hamilton Select Insurance Inc, its newly-launched E&S insurer.
Devon Minarik has joined a…

Bermudian-based Coralisle Group Ltd has expanded its presence in the Caribbean with the acquisition of a 100 per cent interest in Massy United Insurance Ltd of Barbados.
United now operates within the…

In the old song 99 Bottles of Beer on the Wall, you take one down and pass it around, and you have 98. But that old song may soon be obsolete thanks to a new company called ecoSpirits Bermuda.
Using t…

Restructuring involves changing the financial, operational, legal or other structures of a business to make it more efficient and more profitable.
It is not a “one size fits all” process.
Today, in th…

RenaissanceRe Holdings Ltd, the Bermudian-based reinsurer, has reported a first quarter net loss attributable to common shareholders of $394.4 million.
That compares with a net loss of $290.9 million …

The RG/BSX Index closed at 2,376.84, unchanged for the day, with no trading of domestic companies on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited closed up 36 cents (1.08…

Apollo Group Holding Ltd, the independent specialist insurer and reinsurer, has appointed Bermuda market veteran Susan Pateras as independent non-executive chairwoman of Apollo Bermuda Limited, the gr…

Bermudian-based Axis Capital Holdings Limited has launched a portfolio underwriting unit, which targets multi-class portfolio business that is placed in the London specialty insurance market.
Axis sai…

Bermudian-headquartered Kiniksa Pharmaceuticals Ltd, a biopharmaceutical company with a portfolio of assets designed to modulate immunological pathways across a spectrum of diseases, has reported a ne…

Sue Couper has been appointed the new general manager of LOM Asset Management Limited.
This is her second tenure with LOM, having spent five years previously with the company as managing director for …

Seadrill Limited, the Bermudian-based offshore drilling company, has been awarded three contracts with a total value of $404 million by a leading operator.
The contracts have been awarded for the West…

Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a net loss of $7.9 million for the first quarter of 2022.
That compares to a ne…

There is no shortage of start-up media and marketing companies in Bermuda.
Many are small, boutique operations that try to succeed on small client lists.
But few start-ups can show they can wow client…

The last month of the KPMG 17th Annual Senior School Investment Challenge finds the BHS team Business of Babylon strongly at the top of the leaderboard, after earlier leaders (DollaBillz2024 from Berm…

A unique outpatient clinic specialising in human movement and physical activity marked its tenth anniversary in April in its physiotherapy practice.
Owner Tanaeya Burch said her team have a mission “t…

The RG/BSX Index rose 26.82 points (1.14 per cent) to 2,376.84, buoyed by trading in Bank of N.T. Butterfield Ltd. stock, up 50 cents (1.5 per cent) to $33 on trading volume of 2,079.
It was the only …

The Bermuda Business Development Agency’s first Bermuda Climate Summit, May 23 and 24, is being presented in partnership with the Association of Bermuda Insurers and Reinsurers and the ratings agency …

Michael Schrum has been promoted to president and group chief risk officer at Butterfield Bank.
The bank also announced that Craig Bridgewater has been promoted to group chief financial officer and jo…

The AgraLiving Institute is to hold a sustainable farming workshop on May 14.
The class, which will run from 9.30am until 3pm, is designed to give attendees the fundamental knowledge and skills needed…

Bermuda expects to be be taken off an international taxation grey list by October after being assured it is now fully compliant with its requirements.
The Ministry announced today that the Organisatio…

Apex Group Ltd, the global financial services provider based in Bermuda, has closed the acquisition of New Zealand-based MMC Group.
MMC is the country’s leading provider of investment administration s…

Offshore drilling services leader Valaris Limited, the Bermuda exempted company, has reported a net loss of $39.8 million in the first quarter 2022 compared to net income of $27.7 million in the fourt…

Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has continued its profitable run.
Triton, which posted 2021 net income of $484.5 million, has…

Since the pandemic began, the Employee Assistance Programme has seen an uptick in managers needing help dealing with employee mental health issues.
“Many managers are good at dealing with work projec…

ATN International Inc, the Massachusetts-based parent company of One Communications and Fireminds, has reported a net loss attributable to ATN stockholders for the first quarter of 2022 of $1 million….

The Bank of N.T. Butterfield & Son Limited has reported net income of $44.4 million for the first quarter of 2022.
That compares with net income of $41.7 million for the previous quarter and $41.6…

The RG/BSX Index remained unchanged for the day at 2,350.02 on the Bermuda Stock Exchange. Just 100 shares from one issue (Bank of N.T. Butterfield Ltd.) traded, closing as it opened at $32.50.
Butter…