Business

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,…

Evan Greenberg, the chairman and CEO of Chubb, is at the top of the heap for the highest-paid insurance executives, according to a survey by trade publication Business Insurance.

BI pulled down 20…

The international law firm Walkers used the recent Consensus 2025 Conference in Toronto to release its annual white paper, which this year explores how the digital assets industry is expanding in a po…

The unaudited quarterly financial report of the Cayman Islands Government for the three month period to the end of March has debt sinking from less than $400 million.
As of March 31, public sector deb…

Hiscox Ltd is introducing a Bermuda Solvency Capital Ratio target of 190 per cent to 200 per cent and plans to more actively deploy its balance sheet headroom to support strategic objectives.
The int…

Insurance analysts are sounding the alarm over a US government decision to decommission a key climate data tool widely used by reinsurers and risk modellers worldwide, including Bermuda’s catastrophe …

Entrepreneurship 101, an education course hosted by the Bermuda Economic Development Corporation, equips new and aspiring entrepreneurs with the essential knowledge, tools, and resources to start and …

Bermuda’s strengths as an international financial was in focus at the fifth annual Citywealth Forum, held recently at The Skyline London, overlooking the Tower of London.
Kendaree Burgess, chief opera…

Fidelis Insurance Group has promoted Hannah Greenwood to chief underwriting officer for its Bermuda operations.
Ms Greenwood joined the company in 2023 as chief of staff and has since worked closely w…

The RG/BSX Index remained at 2,812.85 on Thursday, with no trading on the index.
The Index was 13.99 points (0.49 per cent) lower for the week, with total turnover of $49,167.75.
Butterfield fell 6 c…

Odyssey Charters may be new on the water, but its founders are already making a splash with fresh ideas and a commitment to standout service. Max de Ste Croix, who started out working part-time for an…

Corporate real estate acquisitions in Bermuda are a matter of careful balance.
That is because, at just 21 square miles, land in Bermuda is a finite and closely managed resource.
While the Government …

The Financial Times is reporting that US life insurers now have offshore reinsurance liabilities of more than a trillion dollars and that more than “$130 billion of liabilities [were] offloaded in 202…

Law firm Appleby has hired three additional lawyers in its Bermuda office, including new partner, Richard Collis, senior associate George McCallum and associate Rawan Hussein.
The firm said Mr Collis …

The world’s largest listed owner of large size dry bulk vessels, Bermuda-incorporated Golden Ocean Group Ltd, has announced an unaudited net loss for the quarter to March 31.
The company said it had a…

Aspen Insurance Holdings Limited has appointed Jon Kattman as head of inland marine for Aspen Insurance.
The company said in a media statement: “Jon has been with Aspen since 2017 and brings over 14 y…

Brookfield House marked a significant milestone yesterday with a topping-out ceremony at its Front Street construction site, as the final steel beam was hoisted into place.
The beam was decorated wit…

Karen Green and David Priebe have joined Hamilton Insurance board of directors, while longstanding director Bill Freda has retired.
Mr Freda had served on the Hamilton board since June 2014, and was c…

The Hamilton Princess & Beach Club has teamed up with SteamLine Luggage, a luxury travel brand, and Riley Sheehey, an American artist, to launch a limited-edition travel collection inspired by Ber…

Registration is open for the 14th annual Mosaic You Go Girl Relay, happening on June 1 with a Wicked twist.
The hit movie and musical is this year’s special theme for the Women’s Resource Centre fundr…

Everest Group, the Bermudian-based global reinsurance and insurance firm, has added Darryl Page, a veteran insurance executive, to its board of directors as an independent, non-executive member.
Mr Pa…

The RG/BSX Index fell 13.99 points, or 0.50 per cent, to 2,812.85, based on the trading of 359 shares of Butterfield Bank.
The company fell 25 cents (0.6 per cent) to close at $42.25.
On the New York …

Apex Group, a global financial services provider founded in Bermuda, has acquired a majority stake in Tokeny, a Luxembourg-based tokenisation platform, as part of its strategy to lead the institution…

Brookfield House marked a major milestone today with a topping-out ceremony at its Front Street construction site, as the final steel beam was hoisted into place. The beam was decorated with the flags…

To strengthen partnerships and relationships, BermudAir has hired business development directors, Nicole Conrad and Ryan Lettow.
“This is a meaningful investment in the future of our indirect distribu…

Legislators have approved the creation of a Director of Labour, with support from the Opposition.
The House of Assembly passed the Department of Labour Act 2025 last night, with Jason Hayward, the Min…

Architect Germano Botelho thinks more staff dormitories for foreign workers could free up housing for the rest of the island and help to alleviate the housing crisis.
At the inaugural Infrastructure …

The data tells a challenging story: 375 Bermudian families are on housing waiting lists.
As Marico Thomas, the president of the Bermuda Chamber of Commerce, bluntly stated: “We are building seven uni…

Bermuda’s banking sector reported a net profit of $48.2 million in the first quarter of the year, reflecting a 65.3 per cent decrease compared to the previous quarter, according to the latest quarterl…

US directors and officers liability insurers posted their best loss results in over a decade in 2024, thanks in part to reserve releases from earlier hard-market years, according to a new AM Best rep…

The Bermuda Monetary Authority issued a public warning about false and misleading posts circulating on social media platforms, including WhatsApp, that are fraudulently using the authority’s name.
Acc…

Conduit Holdings Ltd, the ultimate parent company of Conduit Re, the multi-line Bermudian-based reinsurance business, has provided further details of the share buyback programme of up to $50 million, …

On October 31, 2024, Bermuda’s highest appellate court, the Judicial Committee of the Privy Council handed down a ruling that sent shock waves through Bermuda’s criminal justice system. Julian Washing…

A St George eatery has completed a $600,000 kitchen revamp, just in time for the tourism season.
Wharf Restaurant co-owner Milos Damjanovic said there was extensive work done to the front of the house…

When it comes to revitalising derelict buildings, the Government has to lead the way, the assistant director of planning has said.
Speaking at the inaugural Bermuda Infrastructure and Development Sum…

Watlington Waterworks Ltd posted net income of $3.471 million for 2024, citing a dry start to the year and solid gains across its utility and bottled water divisions. The company reported earnings per…

Sustainable energy solutions provider, Greenlight Energy, together with clients and other donors, have donated and installed a complete solar panel system at the Hamilton property of Home, the registe…

Bermuda’s life and annuity sector has continued to expand. Thirteen new commercial life and annuity companies set up shop on the island last year, according to a bulletin from Conyers.
Much of this g…

David Burt, the Premier, highlighted Bermuda’s growing influence in the digital finance world during a featured fireside chat at Consensus 2025, one of the industry’s largest global conferences.
Spea…

Bermuda-acclaimed Mike McGavick takes on a new role as chairman and strategic adviser of a new kind of company.
The former CEO of XL Group (now Axa XL) and former chairman, president, and CEO of Safec…

At some point in everyone’s life, they go down the vitamin route – whether because they have a restrictive diet and need additional supplements, have been instructed by their doctor, or, as in my case…

Dear Dave,
I have a question about how to budget for home repairs budgeting.
How much money do you recommend budgeting or setting aside for maintenance and repairs to your home, especially if it’s an …

The RG/BSX Index rose 13.99 points, or 0.50 per cent, to 2,826.84, based on the trading of 2,000 shares of Butterfield Bank.
The company rose 25 cents (0.6 per cent) to close at $42.50.
On the New Yor…