Business

The RG/BSX Index closed unchanged today at 2,571.67.
Only Watlington Waterworks saw activity with 235 shares changing hands, the price remaining at $31 by the end of the day.
The turnover was $7,145.
…

A Bermuda captive of one of Japan’s largest general trading companies has had its excellent financial strength rating affirmed by credit ratings agency AM Best.
The rating agency affirmed the Financia…

Fortitude Reinsurance Company Ltd has announced that Moody’s Ratings has assigned A3 Insurance Financial Strength Ratings to Fortitude Re’s three main operating companies: Fortitude Reinsurance Co Lt…

The Bermuda Economic Development Corporation has launched its “Eat, Shop, Play” draw, encouraging shopping in Bermuda’s Economic Empowerment Zones.
The BEDC said the initiative invites the public to e…

Japan’s largest life insurer will make its Bermudian equity affiliate, Resolution Life Group Holdings Ltd, its wholly owned subsidiary – acquiring the remaining shares from the firm’s investment limit…

New registrations for motor cars and trucks coming on to the road have shot up 7 per cent this year, with 124 more units during the first ten months, than during the same period in 2023.
But auto gara…

Christmas traffic is not as heavy as it usually is at the Bermuda Bookstore, but those customers who do come in are serious about their buying.
“They have done their research online,” co-owner Hannah…

The RG/BSX Index closed at 2,517.67 on Tuesday, up 81.85 points (3.29 per cent), with four stocks seeing activity.
The total turnover was $651,372.95.
Bermuda Aviation Services saw 43,100 shares move …

The Bermuda holding company, The RoyaLand Company Ltd, will use artificial intelligence-powered non-player characters, as a significant advancement of their development of a new, web-based game.
The c…

Oak Reinsurance has appointed James Irvine as chief underwriting officer, Property.
Based in London, Mr Irvine will join in spring 2025, and report directly to Cathal Carr, chief executive and active …

The joint liquidators of Bittrex Global (Bermuda) Ltd (in liquidation) have announced their intention to declare a first and final dividend to unsecured creditors of the company and to distribute the …

Bermudian-based Meanwhile, the world’s first Bitcoin life insurance company, has formed a strategic partnership with Swiss-headquartered Block Green, the Bitcoin investment platform.
Meanwhile will su…

The board of directors of Butterfield Bank has approved a $100 million ordinary share repurchase programme that authorises the bank to purchase up to 2.7 million of its ordinary shares through the end…

A Singapore-based hybrid cryptocurrency exchange said that it was the first decentralised exchange to secure regulatory approval, having obtained a Class M digital asset business licence from the Berm…

The owner of a Bermudian-based alternative risk management specialist business has agreed a $13.45 billion deal to buy a US insurance broker.
Arthur J Gallagher & Co, which owns Artex Risk Solutio…

Bermudian-domiciled artificial intelligence firm Afiniti Ltd has successfully completed a recapitalisation transaction.
The firm, which once promised to bring 1,000 jobs to the island, said the transa…

AM Best has affirmed the credit ratings of Orion Reinsurance (Bermuda) Ltd, a Class 3 captive insurance company that was set up on the island in 2004.
The ratings agency affirmed the financial strengt…

AM Best has affirmed the credit ratings of Bermudian-based Lancashire Holdings Ltd and its subsidiaries.
The ratings agency affirmed the financial strength rating of A (Excellent) and the long-term is…

The Government has emphasised its commitment to advancing renewable energy solutions.
Home affairs minister Walter Roban made the statement after attending the 2024 High-Level Caribbean Forum in Barba…

Court House Squash & Wellness has donated $4,500 to Dementia Bermuda in support of Bermudians living with dementia and their caregivers.
The money was raised at the organisation’s annual members’ …

Bermudian-based Signet Jewelers Ltd, the world’s largest retailer of diamond jewellery, has reported operating income of $9.2 million in the third quarter of fiscal year 2025.
Reporting results for th…

After fighting high import costs this year, many local small business are hoping for relief in 2025.
Retailer Reva Minors, of Loquat Roots, has seen mushrooming costs to import herbs and spices for h…

New sanctions published to the Bermuda Monetary Authority website for the first time have targeted Northern Ireland related terrorism.
The sanctions come under Domestic Counter-Terrorism Regulations, …

Bermuda Aviation Services Ltd and its subsidiaries have reported net income from continuing operations of $1 million for the six months ended September 30, doubling the $500,000 in net income recorded…

AM Best has affirmed the credit ratings of Germany-based Hannover Re and its main subsidiaries, including island-headquartered Hannover Re (Bermuda) Ltd and Hannover Life Reassurance Company of Americ…

Lancashire Holdings Ltd has made a raft of senior leadership changes, including James Flude’s appointment as chief executive of Lancashire Insurance US and Huw Jones’s appointment to the new role of c…

Bermuda’s legal fraternity has been recognised in the Chambers and Partners Fintech 2025 Guide.
A leading directory for the legal industry, Chambers ranks law firms and their lawyers across 200 jurisd…

AM Best has affirmed the credit ratings of Harrington Re Ltd and Harrington Reinsurance Holdings Ltd, both of which are domiciled in Bermuda.
The ratings agency affirmed the financial strength rating …

I don’t really like to talk or even think about anything related to death. But after many years and accumulating numerous — albeit small — assets that are scattered across different countries, that dr…

Mike Karmilowicz has notified Everest Group Ltd of his decision to resign from his role as chairman, Everest Global Insurance, the company has revealed in a filing with the US Securities and Exchange …

A major Hamilton retailer has pronounced Black Friday sales a fantastic success, and is now seeing a steady increase in spending in the lead up to Christmas.
Deanne Hart, marketing and communications…

A new telecommunications firm has set up shop, promising Bermudians hassle-free service.
Founder Lee Greene said B-Mobile will operate by leasing access to OneComm’s 5G and 4G LTE networks instead of …

A delegation from Bermuda has returned from the United Arab Emirates after discussions aimed at strengthening relations between the two countries.
The Bermuda Business Development Agency’s managing di…

Aspen Insurance Group chief executive and executive chairman Mark Cloutier has been elected chairman of the Association of Bermuda Insurers and Reinsurers for 2025-2026.
He succeeds Hamilton Insurance…

A subsidiary of Argus Group Holdings Ltd has completed its acquisition of 3,394,403 shares in BF&M Ltd from Lawrie (Bermuda) Ltd, a wholly-owned subsidiary of Camellia Plc.
Argus announced on Wedn…

The RG/BSX Index closed today unchanged at 2,527.36.
Some 3,394,403 shares in BF&M Ltd changed hands on the Bermuda Stock Exchange. The stock closed unchanged at $18.05.
Overseas, Butterfield Bank…

Bermudian-based Axa XL has appointed two new client relationships leaders in the United States.
Russell Caminske joins as the east zone CRL in New York, and Ryan Larson as the west zone CRL in San Fra…

Insured losses from natural catastrophes will break the $100 billion mark for the fifth consecutive year, a major reinsurer said.
According to Swiss Re Institute’s estimates, with temperatures 1.54C a…

Solvency coverage of large global reinsurers improved on the back of strong earnings generation and positive rates environment in 2023 and the third quarter of this year, Fitch Ratings said.
The agenc…

The Bermuda Foundation for Insurance Studies has appointed Shellé Thompson as chairwoman of its board of trustees.
Ms Thompson, who has served on the board of trustees since 2017, succeeds outgoing ch…

There is steep demand for the ability to authenticate a person’s identity through the use of a trusted repository of their digital information.
In response to that growing demand, the Bermuda Monetary…

Domestic insurer BF&M Ltd today acquired more than seven million shares in Argus Group Holdings Ltd as it moved closer to completing the amalgamation of the two companies.
In a statement filed wit…

The RG/BSX Index closed today unchanged at 2,527.36.
Some 7,096,925 shares in Argus Group Holdings Ltd changed hands on the Bermuda Stock Exchange. The stock closed unchanged at $4.70.
Also on the BSX…

Liberty Mutual Bermuda has partnered with Mailboxes Unlimited to deliver much needed school supplies to two local primary schools.
A spokesman for the insurance firm said Mailboxes Unlimited had waive…

CEOs are doubling down on talent and technology as confidence in the global economy declines, according to a KPMG survey of more than 1,300 of the world’s corporate leaders.
Pessimism aside, they are …

One of Bermuda’s most enduring mysteries has been celebrated with the creation of an almost exact replica of the Tucker Cross by jewellers Astwood Dickinson.
The gold and emerald-encrusted Tucker Cros…

One of Bermuda’s most successful international fashion models says social media is slamming the careers of industry veterans such as himself.
“Social media has driven down the value of true artists, w…

Leading the 20th annual KPMG Senior School Investment Challenge is a Warwick Academy team that is up more than 30 per cent in its first month of virtual stock investing.
The Moral Hazards team used 1…

Mentorship by industry leaders and subject-matter experts from two of the world’s major insurance and reinsurance markets awaits successful applicants for cohort 14 of the Lloyd’s Lab’s award-winning …

Bermudian-based Aspen Insurance Holdings Ltd is to call all 11 million of its outstanding 5.95 per cent fixed-to-floating rate perpetual non-cumulative preference shares for redemption on January 1.
A…