Business

A businessman who once claimed he would create 1,000 jobs in Bermuda for an artificial intelligence company has failed in a bid to delay seizure of shares he owns in a related business.
Businessman M…

The cost of protecting against catastrophic cyber events has seen a dramatic reduction at the start of 2026, as an oversupply of reinsurance capacity drives down prices for global insurers, new analys…

Emerging markets may face a bumpier road this year as global political flashpoints add stress to sovereign and corporate credit profiles, according to a new Fitch Ratings analysis. Analysts at the cre…

James Stone has joined the private client team of MJM Ltd as an associate.
UK qualified, Mr Stone possesses a first class LLB from the University of Plymouth and a legal practice course and Master of …

For 26 years, my career has been woven through the worlds of financial services, wealth management, and insurance. It feels surreal to write that number, as the memory of how it began remains so vivi…

Dear Dave,
My wife and I have been married for nine months, and we have 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…

Hannover Re has announced the appointment of Chantal Cardinez as global head of financial solutions, in addition to her existing mandate as chief executive officer HR Bermuda since 2020.
The reinsurer…

Aon reported steady underlying growth in the fourth quarter and full year of 2025, thanks to margin expansion, strong cash generation and a stronger balance sheet.
The professional services firm poste…

Police arrested one person after armed officers and a canine unit swept through the outdoor area of a Warwick shopping site this morning.
Officers carried out the operation on Middle Road and in the p…

When Rudi Haak and partner Helen Ponte started Balance Massage & Wellness, they had so few clients that Mr Haak had to paint houses to keep things going.
Still, he never doubted the studio at 15 F…

Marsh & McLennan has reported strong contributions from its reinsurance broking arm, Guy Carpenter, in what they described as “robust financial results” for the fourth quarter and full year ended …

The Bermuda Business Development Agency has launched the BDA Leadership Exchange, a new forum aimed at boosting engagement between the agency and business leaders.
The BLE will bring together small gr…

Axis Capital Holdings Ltd delivered another quarter of strong operating and underwriting performance, with higher returns and growing book value, even as reported net income eased amid higher tax expe…

The Bank of Butterfield’s stock soared to a new 52 week high today, reaching the significant milestone of $52.16 before falling back to close at $52.01 on the New York Stock Exchange.
Analysts at Inve…

The RG/BSX Index ended the day at 3,252.72, down 0.49 of a point (0.02 per cent) after trading of 4,110 shares valued at $72,210 on the Bermuda Stock Exchange.
Allshores was a nickel lower (0.2 per ce…

SiriusPoint Ltd has appointed John Sakakeeny as chief underwriting officer of North America property and casualty insurance, the company said today.
The appointment takes effect next Monday, February …

When a loved one dies, families are often left to navigate not only grief but also a complex legal and administrative process known as estate administration.
While the subject is something most people…

Deanne Nixon has joined climate modelling firm Karen Clark & Co’s senior leadership team as senior vice-president.
In the new role, Ms Nixon will be working directly with insurers and reinsurers …

G2D Investments returned to profit in the first nine months of 2025, reversing a loss in the same period last year, as improved portfolio valuations outweighed higher financing costs and ongoing liqui…

The last three years were the warmest on record with 2025 being the third hottest climate scientist Zack Labe has said.
This trend means increasing extremes and more high-impact events, Dr Labe said s…

The International Run-Off and Legacy Association’s Bermuda Conference attracted a sell-out audience and standing-room-only attendance at the Hamilton Princess on Monday, despite the arrival of Winter…

Fidelis Insurance Holdings Ltd has returned to the catastrophe bond market, securing $75 million of additional earthquake protection through a new issuance under its Herbie Re programme, the company a…

Aegon has presented $180,000 in grant money to three local charities, as part of the Aegon Live Your Best Life Grant.
Tibor Leeuwenburgh, Aegon’s country executive in Bermuda, presented $60,000 each t…

All Class C, D and E insurers — other than those carrying on domestic business — are now required to prepare and file an asset and liability statement as part of the applicable year-end filing period…

Leaders in business and philanthropy have paid tribute to Brian O’Hara for his exceptional beneficial contributions to the Bermuda community.
They praised Mr O’Hara for providing opportunities for Be…

Axa Hong Kong and Macau has completed the re-domiciliation of its Bermuda-incorporated insurance subsidiary to Hong Kong, marking one of the first insurer moves under the territory’s new re-domiciliat…

Bermudian-based managing general agency Banyan Risk has made Brian Sheekey its new chief financial officer.
Company founder and chief executive Tim Usher Jones said: “Mr Sheekey’s wisdom and amazing t…

G Clay Miller has been appointed the United States digital finance adviser to Bermuda’s Ministry of Finance.
“After years of working on the island, I look forward to bridging ties with US regulators, …

English Market owner Fabio Iannone is preparing to open a Chinese restaurant in the heart of Hamilton.
Wok this Way at 57 Victoria Street will act as both a takeaway restaurant and a kitchen for his …

Gibraltar Re has committed $250,000 to support non-profit organisations working to expand economic opportunity across Bermuda, including initiatives focused on career readiness, affordable housing, h…

Bermuda’s insurance market added four new insurers in December, lifting total registrations for 2025 to 58, short of the 63 new insurers registered in 2024, according to the Bermuda Monetary Authority…

Arkus Advisory has agreed to acquire Krys Global, combining two specialist firms to build what the companies described as a unified, conflict-free offshore restructuring and advisory platform.
The tr…

Gregory Daco, chief economist at EY-Parthenon, will once again headline the Bermuda Risk Summit 2026.
His 2026 keynote — Great Rebalance: The Next Phase of Global Growth — will offer a forward-lookin…

Nominations are now open for the 9th Annual Bermuda Economic Development Corporation Business Awards.
The BEDC are asking for the public’s support to spotlight outstanding businesses in Bermuda.
Membe…

The Bermuda Monetary Authority has removed Egan-Jones Ratings Co from its list of recognised credit ratings providers, according to the regulator’s latest capital and solvency guidance for insurers.
U…

There has been noise, much noise, over the insistence of Premier David Burt, Alexa Lightbourne and Chris Famous to move Bermuda’s Caricom status from associate to full membership.
Mr Burt has spoken …

David Burt has compared Bermuda’s fledgeling digital asset industry to the insurance sector in its infancy, arguing that modest current numbers mask long‑term potential.
Government statistics show tha…

When Latte’s Café first opened in a converted church in Paget three miles out of town, the operators marketed it as a hidden gem.
“It was a hideout from the traffic,” said manager Royce Bulatao. “It w…

The Bermuda Monetary Authority plans to introduce legislative and regulatory changes in 2026 aimed at enabling tokenised financial instruments and strengthening its oversight of payments, according to…

The Fidelis Partnership has appointed Mark Khan as head of broker relationships.
In his new role, Mr Khan will drive deal-by-deal execution of the firm’s broker strategy, with responsibility for gener…

Canopius, a leading international speciality and property and casualty re/insurer, has appointed Victoria Baxter as head of property treaty in London effective immediately.
Ms Baxter has been appointe…

An American accused of possessing more than $180,000 of criminal property died in custody in Florida after fleeing Bermuda while on bail.

John Claude Shefferly, 54, was charged last year with obta…

Dear Dave,
I’ve been listening to your radio show, and as a result I’ve decided I’m tired of living paycheque to paycheque and being broke all the time. I know Baby Step 1 is saving a beginner emergen…

The inaugural Insurance and Reinsurance Legacy Association Bermuda Conference next week will feature panels with senior executives from major legacy players on topics as diverse as market dynamics, ra…

Hamilton Insurance Group, Ltd has appointed Michelle Li as chief financial officer of Hamilton Global Specialty, the company’s London-based underwriting platform.
The certified public accountant and c…

Fidelis Insurance Holdings Limited has returned to the catastrophe bond market, securing $75 million of additional earthquake protection through a new issuance under its Herbie Re programme, the compa…

The RG/BSX Index rose 61 points (1.89 per cent) to close at 3,297.00 today.
Butterfield Bank and Allshores Ltd saw activity on the Bermuda Stock Exchange, with 1,000 shares of the bank changing hands …

Bermuda will test its ambitions to become a fully on‑chain economy at one of its most ubiquitous touchpoints: the Transport Control Department, where “everyone has to go,” as David Burt put it in an i…

Financial guarantor, Assured Guaranty Ltd, has entered into the annuity reinsurance business through the acquisition of Warwick Re Limited, the Bermuda-based life and annuity reinsurer. The acquisitio…