Business

Argo Group International Holdings, Ltd. has reported a net loss of $3.6 million for the first quarter, the three months ended March 31, compared to net income of $27.2 million for the 2021 first quart…

Improved underwriting performance drove a return to profitability for Aspen Insurance Holdings Limited, the Bermudian-based re/insurer.
Aspen has reported $29.8 million in net income for 2021, compare…

TeleBermuda International Limited’s acquisition of the business and certain assets of World on Wireless Limited has been completed.
WoW, acting through joint provisional liquidators Michael Morrison a…

The Bermuda Human Resource Association is to hold an in-person and virtual careers workshop on Tuesday.
The workshop, Self-Assessment Best Practices, will be led by Rochelle Rosato.
Ms Rosato is a cer…

SiriusPoint Ltd, the global specialty re/insurer headquartered in Bermuda, has made key appointments to its information technology team, building out a diverse set of expertise to transform the way th…

Chubb Bermuda has named two insurance industry veterans to leadership positions with the company.
Christine Russell has been appointed head of Bermuda claims and claims counsel, and Jevon Williams has…

American Overseas Group Limited, the Bermudian-based insurance holding company, has reported a consolidated net loss available to common shareholders of $5.5 million for 2021.
That compares to a conso…

Argo Group International Holdings, Ltd. could be on the market for sale or a merger, the company has said.
The board of directors has initiated an exploration of strategic alternatives, according to a…

A popular bakery business has closed after the company that operated it was wound up.
Cake Shop Limited, which operated an outlet on Curving Avenue in Pembroke, was back before the Supreme Court of Be…

Bermudian-based Axis Capital Holdings Limited has reported net income available to common shareholders for the first quarter of 2022 of $142 million.
That compares to net income available to common sh…

This is the fifth and final in a series of articles to mark Financial Literacy Month.

Inflation is insidious. It decreases monetary value, purchasing power, slows spending, raises costs, all with…

Conyers and the Conyers Charitable Trust this week celebrated 30 years of contributions to the education and well being of Bermudian youth.
“Giving back to the community is at the core of who we are …

Butterfield is to cover half the fees for vendors that participate this year in Harbour Nights, the weekly street festival on Front Street.
The Bermuda Chamber of Commerce, organisers of Harbour Night…

The Bermuda International Long Term Insurers and Reinsurers held a careers event at Warwick Academy to highlight the job opportunities in the island’s thriving life insurance industry.
Due to Covid-19…

John Huff, president and chief executive officer of the Association of Bermuda Insurers and Reinsurers, will moderate an expert panel on international terrorism at next month’s virtual annual conferen…

The Bermuda Business Development Agency is to travel to New York City next month for its first executive forum in more than two years – a half-day event with senior decision makers.
The BDA said its a…

HSBC Bermuda has become the first island bank to offer web chat to customers, connecting them directly to agents via the HSBC website and internet banking platform.
Web chat allows HSBC customers to …

A popular bakery business has closed up shop after the company that operated it was wound up.
Cake Shop Limited, which had an outlet on Curving Avenue in Pembroke, was back before the Supreme Court of…

24 Exchange (Bermuda) Ltd has partnered with The Foreign Exchange Clearing House of Hong Kong to offer a clearing and settlement option to crypto cash institutional market participants.
The service, a…

Evin Mosley has joined the pupillage programme at Cox Hallett Wilkinson.
Mr Mosley begins his training in the litigation and dispute resolution department under the guidance of Craig Rothwell, head of…

A year ago, it took only a minute for the first customer to buy some bread at Island Pantry, the mini-supermarket on Serpentine Road in Pembroke.
Many minutes and many purchases later, the venue celeb…

Two providers dominate the electronic communications sector on the island, the latest market analysis from the Regulatory Authority of Bermuda shows.
The report, which covers the 2019 and 2020 calenda…

The RG/BSX Index closed unchanged at 2,350.02, as there was no activity among domestic stocks on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited was up 38 cents (1.16 per ce…

Industry expert Elissa Doroff has joined Mosaic Insurance to lead the company’s North American claims handling as it builds out the core division globally.
Based in New York, Ms Doroff has been appoi…

Global insurer and reinsurer SiriusPoint has announced a partnership with commercial insurance technology company Broker Buddha, a platform which simplifies submissions for industry leading brokers an…

The Bermuda Economic Development Corporation is accepting applications for its fifth annual Summer Student Entrepreneur Programme.
The SSEP provides students between the ages of 16 and 23 with the res…

Net loss estimates incurred within Ukraine are in the range of $20 million to $30 million, excluding the impact of reinstatement premiums, Bermudian-based Lancashire Holdings Limited has reported.
Lan…

Christine Snyder has joined Axa XL’s Bermuda insurance excess casualty team as a vice-president, senior underwriter.
Ms Snyder’s responsibilities include delivering profitable underwriting service to …

Superyachts are so popular right now, some dealers cannot keep them in stock.
Yacht sales have actually doubled since 2019, according to maritime data company VesselsValue.
“Superyachts have become th…

The electronic communications sector’s contribution to the island’s economy fell by nearly eight per cent in 2020, the latest market analysis by the Regulatory Authority of Bermuda reveals.
The EC sec…

Bermudian-based energy driller, Nabors Industries Ltd., has reported first quarter 2022 operating revenues of $569 million, an increase of approximately five per cent, compared to operating revenues o…

Retail sales remain in a tailspin seven months on, with the latest figures showing they fell again in January, this time down 6.3 per cent compared to the same period last year. In value terms, retail…

The RG/BSX Index fell 1.20 (0.05 per cent) after two issues traded on the Bermuda Stock Exchange.
Bank of N.T. Butterfield Ltd. was down 15 cents (0.5 per cent) to close at $32.50 after a volume of 50…

Lexington Gold, the Bermudian-based gold exploration and development company with projects in North and South Carolina, has borrowed £335,000 from several of its long-term significant shareholders and…