Business

The People’s Group are opening InCare by People’s, a full-service dispensary on the ground floor of the Hamilton Medical Centre.
CEO Tamara Richardson said: “We believe in the importance of HMC to hea…

KPMG in Bermuda has announced the appointment of two new partners ― Tom Tiplin as audit partner and Jay Payne as a tax partner.
Tom joins the firm from KPMG in the UK where he focused on global and re…

The latest Bermuda Monetary Authority update, released earlier this month, reveals a number of updates digital asset business regulations.
For example, Class F DABs no longer have to file on a date de…

When Jennifer Woods set up a new infrared sauna and cold-plunge business, the hardest thing was just getting the equipment.
“The price of shipping was significant,” said Ms Woods, of Sweat Suites Stud…

International law firm Appleby has appointed insurance lawyer, Cathryn Minors, as counsel in the corporate department in Bermuda.
“I am thrilled to be joining Appleby’s corporate department where I ca…

Shareholders of BW LPG Ltd, the Bermudian-incorporated liquefied petroleum gas shipper, are to meet to vote on a proposal by the company’s board of directors to move its place of incorporation to Sing…

Bermudian-based White Mountains Insurance Group Ltd has netted approximately $90 million in an underwritten secondary public offering of shares by MediaAlpha.
The offering, which has closed, involved …

Conduit Re’s gross premiums written grew by 28.3 per cent year-on-year to $356.8 million, its parent company has reported in a first-quarter trading update.
Trevor Carvey, chief executive officer of t…

The Bermuda Chamber of Commerce is to hold a compliance training presentation focusing on the Personal Information Protection Act 2016, which is to come into effect on January 1, 2025.
The lunchtime s…

Axa XL Reinsurance has appointed Ian Sawyer to the newly expanded role of head of London Casualty, Reinsurance.
Mr Sawyer will be responsible for both the US and International Casualty Treaty proposit…

A lack of inventory means there will be little immediate impact from changes to Hamilton real estate purchasing rules, says a veteran real estate agent.
“Normally, in the city there are one or two (co…

Bermudian-raised Zuhirah Khaldun-Diarra has been named vice president, Philanthropy Marketing at Dana-Farber Cancer Institute, one of the world’s leading centres for cancer research and treatment.
The…

A Bermuda domiciled commercial reinsurer sponsored by a private Swiss bank, has been highlighted for its years-long derisking and reunderwriting process as its excellent financial strength ratings was…

Chubb Ltd chairman and CEO Evan G. Greenberg discussed the emergence of artificial intelligence, how environmental risks continue to influence decision-making among risk and insurance professionals an…

Dear Dave,
My wife and I have three young daughters. Is there a Baby Step for weddings? We didn’t see one in your plan, but I was wondering if it was included in any of the other Baby Steps.

— Ced…

A Bermuda company is processing all credit card transactions for the Immigration Division of Trinidad and Tobago’s new e-Payment Portal.
First Atlantic Commerce, a global, online payment solutions pro…

Comprehensive income attributable to the common shareholders of the White Mountains Insurance Group, Ltd was $236 million in the first quarter of 2024 compared to $180 million in the first quarter of …

After a tough start in the 19th Annual Senior School Investment Challenge, CedarBridge Academy clawed their way to the top to win the competition, for the second year in a row.
The OreoCookies won $10…

BermudAir has become the official airline of the Bermuda Olympic Association in a four-year partnership, as Bermuda athletes prepare for the Olympic Games in Paris this July.
BermudAir will provide su…

Ratings agency Standard & Poor’s has reaffirmed Bermuda’s A+ Sovereign Credit Rating, Bermuda’s A-1 short-term rating and its AA+ transfer and convertibility assessment.
Announced in a statement …

Staff from law firm Appleby and airport operator Skyport turned over soil to plant 100 endemic cedar trees at the airport.
The Appleby-inspired project highlighted the firm’s interest in contributing…

Don’t ya know?

They’re talking about a revolution

It sounds like a whisper

Poor people gonna rise up

And get their share

Poor people gonna rise up

And take what’s the…

International General Insurance Holdings has reported 2024 first-quarter net income of $37.9 million, up from $33.9 million in the same period in 2023.
IGI president and chief executive Waleed Jabshe…

The RG/BSX Index ended Tuesday at 2,532.95 points, up 53.63 points (2.16 per cent).
Butterfield Bank was the only stock to see activity, finishing at $35, up a dollar (2.9 per cent) with 3,017 shares…

An altercation at a tourism landmark last week between drivers of a licensed taxi and a “gypsy” cab, in full view of tourists, is indicative of the tensions erupting over government’s public service t…

The RG/BSX Index moved 53.65 points (2.21 per cent) higher to close at 2,479.31 as Bermuda dollar share volume of 2,949 was valued at $46,672.70.
Butterfield Bank was a dollar (3 per cent) higher at $…

Bermudian-based Lancashire Holdings Ltd has appointed Paul Gregory as an executive director on the company’s board.
Since May 2014 Mr Gregory has served as the Lancashire group chief underwriting offi…

Bermudian-based Axis Capital Holdings Ltd today announced strong financial results for the first quarter.
Vince Tizzio, president and chief executive of Axis Capital said: “The results of the first qu…

Dear Dave,
My wife and I have been married for nine months, and we’ve been following your Baby Steps plan for three months. We have about $50,000 in debt, and I recently cashed out an old whole life p…

Technology professional Aaron Smith and investment veteran Caspar Rock headline Schroders (Bermuda) Limited – Wealth Management’s Bermuda Investment Seminar on Friday morning at Wellesley House on Pit…

Butterfield Bank has told analysts that Bermuda’s new corporate income tax is not expected to impact the financial institution directly in the near future. But bank executives will closely monitor dev…

A pioneering member of Bermuda’s business community is to retire today from her leadership role at the island’s oldest commercial organisation.
Thirty-three years after becoming the first woman to ser…

SiriusPoint Ltd’s de-risking of its asset base over the last two years was among the reasons cited by AM Best, as it affirmed the financial strength rating of A- (Excellent) and the long-term issuer c…

Ariel Re, the global reinsurer with a Bermuda office, and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of specialist global insurer Hiscox, have launched CyberShock, an ind…

The Government is not moving quickly enough to address Bermuda’s cyber-risk exposure, a local tech expert has complained.
“They have increased their cybersecurity budget, but the pace is not fast enou…

Two hundred people are already registered to attend the Bermuda Rims reception May 7 at this year’s Riskworld 2024 in California.
Rims is the world’s largest risk management community, and Riskworld i…

Bermudian-based Vantage Group Holdings Ltd has launched its US Large Property offering through its US insurance subsidiaries.
The company said Vantage’s new US Large Property team builds on the group’…

A Bermudian-based digital asset exchange has partnered with US-headquartered Solidus Labs to help it detect suspicious activities on the platform.
HashKey Global, a flagship exchange under HashKey Gro…

Applications for the Ignite Bermuda Young Adult Entrepreneurial Internship programme will close on Friday at 5pm.
Ignite is encouraging people between 18 and 25 years old who are interested in, or cur…

Chubb Limited has reported first quarter net income of $2.14 billion, up 13.3 per cent from the comparative period last year, as consolidated net premiums written of $12.2 billion represented a 14.1 p…

American insurance regulators have expressed concern about the use of offshore reinsurance by US life insurers, and are likely to follow up with more scrutiny, according to a report by Moody’s Investo…

Dear Dave,
I own a small business with about 20 team members, and we’re doing pretty well. Last year, we had revenues of about $1.2 million and profits of $250,000. How do I find leadership within my …

Bermudian-based R&Q Insurance Holdings Ltd has appointed Stephen Welch and Lawrence Hirsh to its board as non-executive directors.
The company said Mr Welch has worked for financial sponsors and i…

Applications are open for a start-up pitch contest to be held during the International Tech Summit.
The contest is presented by conference organisers Penrose Partners in partnership with the Bermuda E…

Bermuda’s decision to introduce a corporate income tax is one of the cited reasons a Bermuda-domiciled biopharmaceutical company has proposed to change its place of incorporation.
The House of Assembl…

The insurance and reinsurance industry should brace itself for potential attacks on the public sector, targeting government and election infrastructure, a cyber-risk analytics company has warned in a …

A Bermudian insurance veteran is stepping down as chair of the Association of Bermuda International Companies.
Patrick Tannock will remain until the Abic board of directors chooses a successor.
The ne…

Howden has launched a new first-of-its-kind cargo war risk facility to protect vessels from drone and missile strikes by Yemeni-based militia groups in the Red Sea.
Howden’s cargo war facility offers …

Chaucer Group, the international insurer and reinsurer with an operation in Bermuda, has made two senior leadership promotions as new group CEO Richard Milner arrives at the company.
James Wright, Cha…