Business

Mosaic Insurance has promoted Yosha DeLong to the new position of global engagement officer and appointed industry veteran Brian Bonkoski as global head of cyber.
Ms DeLong, based in Chicago, has led …

Axis Capital Holdings has promoted two senior team members within its global cyber & technology division.
Peter Smith has been named head of cyber North America. In his new role, he will lead unde…

A new consultancy launched in Bermuda aims to help businesses streamline operations and embrace artificial intelligence without the usual complexity or hefty price tag, and without eliminating jobs.
E…

After half a century in business, Sheilagh Robertson is looking for the right person to buy her luggage store.
“I am looking to retire in the near future,” the founder of The Harbourmaster told The Ro…

The Bermuda Economic Development Corporation is accepting applications for the seventh cohort of its Enterprise Bermuda Incubator programme, set to run from July 3 to March 12.
Aimed at entrepreneurs …

Weston Tompkins is the new executive director, capital markets, at MultiStrat, the specialist underwriter and reinsurance investment platform.
Mr Tompkins will lead MultiStrat Advisors, a US-based cap…

Insurers, reinsurers and insurance-linked securities investors are in Boston for the Karen Clark & Co Catlab 2025, three days of in-depth discussions on advanced modelling techniques and the lates…

Global professional services firm, Aon, has appointed Andy Marcell to serve as chief executive of Global Solutions.
Mr Marcell now leads Aon’s integrated risk capital and human capital capabilities ac…

Bermuda’s overall retail sales volume, decreased by 0.2 per cent in January, compared to the same period last year, according to the Department of Statistics’ latest Retail Sales Index figures.
Retail…

The management of Allshores Ltd, the merged entity of Argus and BF&M, is wary of the impact of looming pension reforms on the business, and the domestic insurer is facing pressure on health insura…

Bermuda’s inflation rate eased to 1.8 per cent in January, down from 2.1 per cent in December 2024, according to the latest Consumer Price Index released by the Department of Statistics. This marks th…

Mobile optometrist Tia Crockwell has no office. Her business card reads: “Eye come to you”.
“I believe I am the only optometrist going directly to clients,” the founder of Onsight Optometry said. “The…

Bermuda’s modernised intellectual property regime is set to take a major step forward next month with the launch of a new trademarks framework, Jason Hayward, the Minister of Economy and Labour, told…

During an upcoming annual meeting, Bermuda’s captive insurance industry will discuss how artificial intelligence is already improving underwriting, claims triage and risk analytics, which directly enh…

Bermuda’s financial regulator recorded a dramatic turnaround in 2024, reporting net income of $17.93 million, up from a loss of $3.53 million the previous year.
This was thanks to a 50 per cent jump …

The Institute of Directors Bermuda is set to host a critical workshop aimed at elevating board performance, with nearly 175 directors already registered to attend the sold-out event.
Michelle Cardwell…

Growing up, I never really understood why my grandparents became so obsessive about money, how much they saved, and how much they were worth, but it was clear they were quite obsessed with money.
No…

Dear Dave,
My fiancé and I are getting married this year. We’re both in our forties with kids, so we’ll be a blended family. The thing that worries me is that we have drastically different views on ha…

The RG/BSX Index remained idle at 2,778.39 today with no activity on the Bermuda Stock Exchange.
For the week, 7,177 shares of four issuers traded representing a turnover of $155,730.50, as advancers …

A new report by Acrisure Re forecasts above average activity for the upcoming 2025 Atlantic hurricane season, although not quite as extreme as last year.
The statistical and dynamical models, as well …

The US Securities and Exchange Commission has voluntarily dismissed its civil lawsuit against Binance, the world’s largest cryptocurrency exchange, Reuters has reported.
Extending the regulator’s new …

In the face of Covid-19 job loss and lockdown boredom, many Bermudians started new businesses.
Five years on, many of those entrepreneurs are no longer reachable. Their telephone numbers have been dis…

A global survey on succession and estate planning showed that more than seven in ten high-net-worth respondents said they were only “somewhat familiar” with succession and estate planning.
Jeremy Youn…

Families looking to travel this summer can take advantage of the return of BermudAir’s popular children Fly Free promotion.
The promotion applies to bookings made from now until June 3, and for travel…

Rick Smith, the founder and CEO of Axon Enterprises, is the $164 million man.
He claimed the dearest pay package among US CEOs in 2024, valued at $164.5 million, an Associated Press survey has shown.
…

This month’s Digital Finance Forum not only raised more than a $1 million for the community, but also exploded interest in crypto currency says one organiser.
“The real impact of the event came from t…

Prices in the property-catastrophe reinsurance market have started to come down, according to a new report by Howden Re, as more insurance companies return to the market and offer coverage again.
Near…

Bermuda’s labour market could be caught in the crossfire of a slowing global economy and intensifying trade tensions.
New data shows more than 80 million workers worldwide — many in roles linked to U…

Renewed US tariffs are raising alarm among global economists. More than 80 per cent of respondents to a survey from the World Economic Forum said an increase in tariffs would have a negative impact on…

Philip Enan is the new chief strategy and corporate development officer at global speciality insurer SiriusPoint.
He will lead the company’s strategy development process, while exploring new investmen…

A merger between the Golden Ocean Group and CMB.Tech will create one of the largest listed diversified maritime groups in the world.
The companies announced they have signed an agreement and plan of m…

Bermuda has climbed six places in the latest Smart Centres Index, reinforcing its leadership position in Latin America and the Caribbean and making strides in its global reputation as an innovation hu…

The third annual Athene Life Career Expo on Wednesday is June 18 at Pier 6, Front Street, Hamilton.
The free event connects students and professionals with career opportunities in Bermuda’s life and …

Kestrel Group and Maiden Holdings Ltd have completed their merger, forming a newly combined speciality programme insurance platform known as Kestrel Group Ltd.
The new company, which will be headquar…

Relm Insurance, the specialty insurance carrier supporting emerging and innovative industries, has appointed Robert Thomas as chief information security officer.
With over 20 years of leadership exper…

Bermuda’s residential real estate market continues to hover around an average home price of $1 million, but the full picture is far more nuanced than a single number suggests.
“If you’re looking for a…

Bermuda is among high-income countries that face a direct employment threat from artificial intelligence.
More than half of all jobs in such countries, according to a new report, could be changed by …

SiriusPoint welcomed news that AM Best has upgraded the insurer’s outlook from stable to positive, only a month after Fitch Ratings did the same.
Am Best cited the firm’s “very strong balance sheet”….

As residents enjoyed Bermuda Day, the island was celebrated by the Daily Express as “a small, beautiful island that’s also among the wealthiest places on Earth”.
The article, picked up by online publi…

The RG/BSX Index fell 34.46 points, or 1.23 per cent, to 2,778.39, partly based on the trading of 2,377 shares of Butterfield Bank. The company’s stock price fell 75 cents (1.8 per cent) to close at $…

Among the first quarter highlights for Bermuda-incorporated Jardine Matheson Holdings Ltd were the hotel division’s European property developments.
Mandarin Oriental reported higher revenue per availa…

Axa will redomicile one of its Bermuda-based entities to Hong Kong, becoming one of the first companies to take advantage of the city’s newly launched corporate re-domiciliation regime.
Axa China Regi…

Accountancy firm Deloitte may have cancelled its diversity and inclusion programming in the United States, but the Bermuda office is sticking to its guns.
“We are committed to continuously enhancing o…

The Minister of Labour and Economy is calling on emerging entrepreneurs to sign up for the next round of the Bermuda Economic Development Corporation’s development programme.
Applications are open now…

Phil Scott, the Vermont Governor, last week signed into law updates to the state’s captive insurance statutes modernising its regulatory framework.
Recommended by the Department of Financial Regulatio…

The ongoing saga involving 777 Re, the one-time Bermudian-based reinsurer, has taken a new turn, as the Utah Insurance Department and A-Cap Group have agreed to pause their litigation and enter mediat…

Wayne Caines, president of the Bermuda Electric Light Company, has been appointed chairman of the Caribbean Electric Utility Services Corporation, a key regional association for energy providers.
Mr …

Vivien Carter has been promoted to director of philanthropy at the Centennial Bermuda Foundation, as the organisation restructures.
Ms Carter will oversee the organisation’s philanthropic giving and l…

Hundreds of people flock to Warwick Long Bay every year for the annual Canada Day celebrations. It’s a free event that brings together Canadians, Bermudians and people from all around the world who ha…

After a whirlwind renovation period, the old Ascots Restaurant at the Royal Palms Hotel has reopened, under new management and a new name.
Take Five Ltd launched Palomino on Rosemont Avenue, Pembroke,…