Business

Bermudian-based Everest Group Ltd has appointed industry veteran John Howard as an independent, non-executive member of its board of directors.
Jim Williamson, Everest president and chief executive, s…

The Bermuda Business Development Agency will launch the Future Leader Forum next week as part of the Bermuda Risk Summit, aiming to connect students and career changers with opportunities in the islan…

The RG/BSX Index fell 223.83 points (8.32 per cent) to 2,465.60 today, based on the $4.00 (10 per cent) decline of Butterfield Bank to $36 after the trading of 438 shares.
The only other trade was 65 …

Bermudian-based Axa XL has partnered with Darkweb IQ, the cybercrime prevention firm, to help its global cyber insurance clients to strengthen their cybersecurity practices.
Axa XL said New York-headq…

A wholly-owned subsidiary of Bermudian-domiciled Gold Reserve Ltd, the exploration stage mining company, has filed a request for arbitration against the government of Venezuela.
GR Mining (Barbados) I…

The Bermuda Monetary Authority will celebrate International Women’s Day on Saturday by hosting a luncheon for its 158 female employees at BMA House.
The event will highlight the contributions of women…

The Bermuda Chamber of Commerce has opened applications for vendors interested in participating in Harbour Nights 2025. The annual summer event will take place every Wednesday from May 14 to August 27…

A Southampton farmer is making no apologies for the cost of his eggs.
Tom Wadson, of Wadson’s Farm, took heat on social media last week for the price of his eggs.
He sells the extra jumbo size, a 30o…

Every year, I look forward to reading the Berkshire Hathaway Letter from Warren Buffett.
Inside one can often find significant pearls of wisdom that apply not only to investing, but to life in general…

Amid record profits, Hiscox, the Bermudian-headquartered global specialist insurer, has estimated a net loss of around $170 million from the wildfires of the greater Los Angeles area, which they say h…

Bermudian-based Lancashire Holdings Ltd has reported a profit after tax of $321.3 million for the year ended December 31, 2024, as the company capitalised on strong underwriting conditions and robust…

The on-again, off-again planned imposition of a 25 per cent tariff on imports from Canada and Mexico, along with increased tariffs on China, would have a negative effect on the insurance industry and …

Delegates will hear how insurtech is revolutionising risk management at next week’s Bermuda Risk Summit at the Hamilton Princess & Beach Club.
Law firm Appleby said the Bermuda Business Developmen…

More than 80 students and in excess of 50 professionals have participated in an annual high school speed networking event hosted by the Bermuda Foundation for Insurance Studies.
BFIS said the event pr…

Bermudian-based RenaissanceRe Holdings Ltd has launched a new Irish-domiciled property catastrophe bond fund.
The company said RenaissanceRe Medici UCITS Fund is a sub-fund of RenaissanceRe Medici ICA…

The Government is cautiously studying controversial tax and economic decisions by the new US administration, to determine what, if any, impact, they will have on Bermuda’s economic recovery.
This, as …

Fitch Ratings has affirmed the ratings of SiriusPoint Ltd, including its long-term issuer default rating at ‘BBB’, its senior debt rating at ‘BBB-‘ and its insurer financial strength rating at ‘A-‘ (S…

The Bermuda Business Development Agency recently hosted a series of round table discussions in London, highlighting the island as a business destination.
A BDA spokeswoman said the wealth and technolo…

AM Best has withdrawn its ratings for Evergreen Insurance Company Ltd after the Bermudian-based company requested to no longer participate in the credit rating agency’s interactive rating process.
The…

Axa XL Insurance has appointed Sylvie Gleises as regional chief executive officer, Asia, effective on March 24.
Based in Singapore, the company said she will oversee Axa XL’s strategic direction and o…

The founder of an insurance company that was the subject of a public warning by the Bermuda Monetary Authority has re-affirmed its commitment to the island.
Palm Beach, Florida-based Blockchain Deposi…

Interest in Bermuda as a life insurance hub is burgeoning, according to the chief executive of Bermuda International Long-Term Insurers and Reinsurers.
Since becoming Biltir CEO in January 2024, Suzan…

Bermuda Press (Holdings) Ltd, the owner of The Royal Gazette, is reporting a comprehensive net loss of $2.9 million in the 2024 fiscal year.
That compares with a net loss of $466,000 in 2023.
In a fil…

Investor sentiment towards US defence stocks has turned increasingly cautious. Since the US election in November, the largest publicly traded American defence contractors have significantly underperfo…

Bermudian-based Enstar Group Limited said its Lloyd’s syndicate managed by Enstar Managing Agency Limited has completed the previously announced transaction with Atrium Syndicate 609, managed by Atriu…

Two distinguished leaders from Bermuda’s international business community were congratulated by the Association of Bermuda International Companies for being honoured at the seventh annual Black Histor…

Sacha Bearden, the chief executive and owner of Baptiste Ltd, has been presented with the Orgill Pinnacle Award for outstanding sales at the supplier’s annual dealer market in New Orleans.
Baptiste, t…

Bermuda market veteran Marvin Pestcoe has been appointed to the board of directors of Nevada-based Employers Holdings Inc.
Mr Pestcoe retired from Bermudian-based Langhorne Re, a global reinsurer of l…

Bermudian-based James River Group Holdings Ltd has reported a net loss available to common shareholders of $94 million in the 2024 fourth quarter.
That compares with a loss of $152.8 million in the pr…

The United States Securities and Exchange Commission has dismissed its civil enforcement action against Coinbase Inc, the US-based cryptocurrency exchange, and Coinbase Global Inc, its holding company…

More than 300 people attended Gosling’s Uncorked, the wine and spirits showcase that featured representatives of more than 20 wine and spirits merchants and distributors from around the world.
Held on…

The Bermuda Monetary Authority has issued a public warning in relation to Blockchain Deposit Insurance Corporation.
The island’s financial services regulator said it “is aware of a number of articles …

Bermudian-based Mt Logan Capital Management Ltd, the third-party capital management platform of Everest Group Ltd, has appointed Sun Siang Liew as chief analytics officer.
Mt Logan said Mr Liew will l…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a” (Excellent) of Fidelis Insurance Bermuda Ltd, Fidelis Underwriting Ltd of Britain and…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of Bermudian-based Vantage Risk Ltd and its affiliates, Vantage Risk Sp…

Former dancer Ivan Outerbridge believes local event promoters could double or even triple their social-media reach by using Bermuda’s Very Own, an app he developed more than a decade ago.
Mr Outerbri…

Bermudian educator and skincare specialist Sasha Benson will be teaching at the prestigious International Aesthetics, Cosmetics & Spa Conference in New York this month.
“This marks an historic mom…

Aspen Insurance Holdings Ltd has reported net income available to ordinary shareholders of $431 million and operating income of $433 million for the 2024 fiscal year.
In the fourth quarter of the year…

SiriusPoint Ltd, the Bermudian-headquartered global specialty insurer and reinsurer, has announced the closing of its previously announced transaction to repurchase all SiriusPoint common shares and w…

BermudAir has partnered with Paradise Mobile to revolutionise the way its operations stay connected.
Leveraging Paradise Mobile’s 5G network, BermudAir said it has streamlined communication between fl…

Bermudian-based Everen Group has appointed James Peniston as chief investment officer, effective on April 1.
The company said the appointment follows the retirement of Ricky Lines and is part of a lon…

Athene Holding Ltd, the US-based retirement services company with operations in Bermuda, has appointed Louis-Jacques Tanguy as executive vice-president and chief financial officer, effective March 1.
…

Bermudian-based Assured Guaranty Ltd has reported net income of $376 million in the 2024 fiscal year.
Gross written premiums were $440 million and the present value of new business production was $402…

The RG/BSX Index closed today unchanged at 2,703.71 after no trading on the Bermuda Stock Exchange.
For the week, the Index was down 4.76 points (0.17 per cent) on domestic-board share volume of 55,36…

A record 57 entrepreneurs are due to participate in the third annual Bacardi Black-Owned Vendor Market this evening at the company’s global headquarters on Pitts Bay Road in Pembroke.
That is nearly d…

In a report released yesterday, Fitch Ratings said that North American life insurance regulatory reforms to bolster supervision and transparency are supportive of credit.
This came amid growing comple…

The Bermuda Monetary Authority, which well understands the operational risks associated with financial service information technology and business process outsourcing, has recently introduced the new …

Nic Martin, the First Atlantic Commerce relationship manager, has been selected as one of ten distinguished scholars for the Electronic Transactions Association’s 2025 Young Payments Professional Scho…

Bermudian-based RenaissanceRe Holdings Ltd has announced that its joint venture, DaVinciRe Holdings Ltd, has agreed to sell in a private debt offering $300 million aggregate principal amount of 5.95 p…

Reinsurance legend Brian Duperreault will headline the closing session of the Bermuda Risk Summit 2025, the Bermuda Business Development Agency announced today.
“The Last Word: Brian Duperreault”, an …