Business

Komainu, the Nomura-backed regulated digital asset custody service provider, has been chosen as custodian for all digital asset funds and strategies available on DigitalArray, the global fund platform…

SiriusPoint Ltd, the Bermudian-headquartered global specialty insurer and reinsurer, and Service First Insurance, a managing general agent that provides insurance solutions for the commercial and busi…

Markel, the insurance operations within Markel Group Inc, has appointed Rob Cole as chief actuarial officer.
Mr Cole spent the past 24 years at AIG, where his most recent role was chief actuary, Globa…

The Association of Bermuda International Companies has assembled a team of 25 professionals to act as mentors to recipients of this year’s Abic Education Awards, one of Bermuda’s largest and longest-r…

When Preston Ephraim took over the restaurant at the Bermuda Aquarium, Museum and Zoo in Flatts, some people winced. The restaurant space had been through several different proprietors.
None of them c…

The 2023 Reinsurer Class: The Class That Never Was. That is the label for the phenomenon, and for a new AM Best report highlighting that despite reinsurers’ returns reaching a three-decade high, no ne…

Bermudian-based Fortitude Re has appointed Greta Hager as chief financial officer and Kai Talarek as chief growth and optimisation officer, effective August 17.
They will report to CEO Alon Neches.
As…

Relm Insurance, the Bermudian-based specialty insurance carrier supporting emerging and innovative industries, has announced a venture with CyVers, a Web3 cybersecurity and threat insights provider ba…

Bermudians Shara Trott and Rickai Burrows are transitioning to full-time positions at Butterfield after successfully completing the bank’s graduate talent programme.
They celebrated on Tuesday by ring…

Claims from severe convective storms have been tearing a hole in the returns for Bermuda’s catastrophe reinsurers but a leading authority said next-generation software was proving to be a solution.
Ce…

Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has agreed to build five 16,800 20-foot equivalent unit container vessels with scheduled delivery in 2028 at an a…

The American Institute of Graphic Artists Boston has selected Bermuda native, Daren Bascome, the managing director of branding and advertising firm Proverb Agency, as one of three awardees of the 2024…

Mosaic Insurance, the Bermudian-based global specialty insurer, has restructured roles across its underwriting and operational teams to drive the growth of its agency business.
The company said the re…

Aircare apprentices Bradley Adams, Damen Mallory and James Paynter have graduated from the Bermuda College with Diplomas in Heating, Ventilation and Air Conditioning.
Mr Mallory achieved distinction a…

Bermudian-based Sompo International Holdings Ltd, the global provider of commercial and consumer property and casualty insurance and reinsurance, has appointed Bill Zhang as president, Consumer Lines,…

Bermudian-based Axa XL has appointed Joseph Madigan as chief underwriting officer for its North American Environmental Insurance business for Middle Market.
Previously head of Environmental for the Ea…

Six participants in the Summer Student Entrepreneur Programme at the Bermuda Economic Development Corporation will showcase their businesses to the community on the lawn of City Hall at lunch time on …

KPMG in Bermuda and Frontier, an Artex company, have announced the recipients of their 2024 scholarships.
The awards are presented annually by the partners of KPMG and Frontier’s leadership. They go …

Coleman Johnson, formerly the chief underwriting officer for US and Bermuda at Canopius, has been appointed senior vice president and chief underwriting officer at TMG Insurance Services LLC, the inte…

Antoine Raynor’s all-natural cleaning product business Quartz Environmental Solutions came about after four weeks in the hospital.
“I had a health scare, and King Edward really saved my life,” Mr Ray…

The Bermuda Monetary Authority has reported a total comprehensive loss of $3.53 million in 2023 as the organisation’s headcount continues to rise with its increasing responsibilities.
The loss compare…

Carey Olsen has been named Offshore Law Firm of the Year at the Chambers High Net Worth Awards for the second consecutive year.
The prestigious annual awards recognise national and international law f…

AM Best has affirmed the credit ratings of Bermudian-based Aspen Insurance Holdings Ltd and its rated subsidiaries.
The ratings agency affirmed the financial strength ratings of A (Excellent) and the …

Gernot Ruppelt is to succeed Anthony Gurnee as chief executive of Ardmore Shipping, the Bermudian-headquartered owner and operator of product and chemical tankers.
The company said Mr Gurnee, who foun…

Concert Group Holdings Inc has appointed Charles Rawlins as senior vice president, Property Underwriting and Programme Management.
Mr Rawlins, who reports to chief underwriting officer Joe Alberti, is…

Shireen Gammoh has been appointed as managing director within the Legacy and Structured Reinsurance team in the Bermuda office of Howden Re.
Ms Gammoh, who takes up her new position on July 17, was mo…

Xienne Burch and Imani Bean are the recipients of PwC Bermuda’s annual scholarship awards.
Ms Burch is the recipient of PwC’s Peter Mitchell Scholarship, worth more than $20,000 annually. She is a sop…

Two Bermudian students, Malakye Outerbridge and Cree Dunn, are this summer assisting the Policy and Regulatory team of the Association of Bermuda Insurers and Reinsurers.
The 21-year-old Ms Dunn is pu…

Kevin Taylor of Walkers (Bermuda) Ltd has been ranked among the Top 50 Offshore Lawyers for 2024 by the Asia Business Law Journal.
Mr Taylor is the office managing partner and head of the Insolvency a…

Aviva plc has completed the acquisition of Probitas Holdings (Bermuda) Ltd for consideration of £249 million, or approximately $321 million, following receipt of all necessary approvals.
The acquisiti…

An occasional conversation topic at home is my taste for the finer things, more specifically my occasional spending on a luxury goods item. My response is always the same: “It’s good quality, it’s an …

Dear Dave,
I’m 32 and debt-free, except for my house. My grandmother passed away a couple of months ago, and her will has caused problems for my family. I was her only relative living in the same town…

Barritts has celebrated 150 years of its iconic ginger beer with the launch of a vibrant new mixer line, as well as a brand refresh inspired by Bermuda’s pastel-coloured houses.
The line, which is cur…

Restaurant staff at the Rosedon Hotel have seen their salaries more than double, as a million-dollar revamp gets under way at the Pembroke facility.
Damien Davenport, who took on the role of general m…

The first larger electric vehicles are on their way, two weeks after new motor car legislation amendments passed in the House of Assembly.
Auto Solutions announced yesterday that it is expecting a shi…

Artificial intelligence could prove particularly useful to participants in fraud trials, a prominent criminal litigator told attendees at a legal conference organised by the Bermuda Bar Association.
J…

Google is making progress with the establishment of Nuvem, the new subsea cable installation using Bermuda as a hub, connecting Myrtle Beach, South Carolina, and Portugal.
Installation work for Nuvem …

Bermudian-based Aspen Insurance Holdings Ltd has launched Aspen Data Labs, a new platform to deliver the company’s digital strategy and drive forward the business’s data and artificial intelligence ag…

Essent Group Ltd, the mortgage insurer and reinsurer based in Bermuda, has closed two transactions that collectively represent access to approximately $1 billion in capital for the company.
The compan…

Bermudian-based Vantage Group Holdings Ltd has appointed Leanne Berry as chief distribution officer.
She will report to Alex Blanco, Insurance chief executive.
The company said Ms Berry will oversee a…

A North Hamilton business owner believes the community is in a state of crisis.
Speaking after the deaths of four people at a Pembroke home, over the weekend, entrepreneur Malachi Eversley said: “I se…

A Bermuda insurer has flatly denied any conflict of interest, as alleged by Opposition MP Craig Cannonier during a motion to adjourn speech in the House of Assembly.
CG Insurance said that it establis…

The Bermuda Monetary Authority confirmed the registration of two insurers in June, taking the yearly total to 26.
The island’s financial services regulator has also registered six intermediaries, incl…

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…