Business

Jason Hayward, the Minister of Economy and Labour, has had discussions in New York with the largest membership association for alternative investment managers.
As part of ongoing efforts to promote Be…

There was no trading activity on the Bermuda Stock Exchange today, leaving the RG/BSX Index unchanged at 2,563.99.
The Index was 5.96 points (0.23 per cent) higher for the week with total turnover of …

Widespread tariffs introduced by US president Donald Trump this week, including a 25 per cent tax on imported cars and parts, could trigger global recession, warns one local executive.
“Everybody is a…

Canadian air arrivals to Bermuda are bouncing upward, driven by a shifting political landscape and better air connections to the island.
But they could be even better, according to a veteran hotelier….

Bermuda took centre stage last week as Tinee Furbert, Minister of Youth, Social Development and Seniors, led a delegation at the International Women’s Leadership Conference in Dubai.
The event was hos…

Six employees in the Bermuda office of Axa XL are celebrating promotions.
Axa XL is the P&C and specialty risk division of top global insurer Axa.
A company spokeswoman said: “Axa XL is known for …

Lindsay Roos has been named CEO, Bowring Marsh Bermuda, the Bermuda-based international placement specialist of Marsh, the top insurance broker and risk adviser.
Ms Roos succeeds Christopher Reeves, w…

As the dust settles on the fourth annual Bermuda Risk Summit, organisers are tallying up its successes including higher than expected profits at host hotel Hamilton Princess & Beach Club.
The venu…

Axa XL has announced two senior promotions within its US cyber and technology division, underscoring its investment in leadership and specialised expertise amid growing demand for cyber insurance.
Gre…

William Cooper and Davina Hargun have been promoted in the Conyers Bermuda office to director.
Christian Luthi, the chairman and director, said the promotions reflect the pair’s dedication and contrib…

Six Appleby lawyers have been promoted in the Bermuda office, three of whom began their legal careers as trainees with the firm.
Lalita Vaswani has been made partner.
She joined Appleby in 2017 and b…

Building materials saw a boost in November with a jump of 24.6 per cent in sales volume and an increase of 25.8 per cent in sales value, according to the latest Retail Sales Index figures.
Overall, r…

The RG/BSX Index fell 0.10 points, or 0 per cent, to 2,563.99 on Wednesday, based on the trading of 4,909 shares of BF&M Limited. The company lost 1 cent (0.1 per cent) to close at $16.99.
Twelve …

The cost of living in Bermuda rose 1.1 per cent in November 2024 compared to the same month a year earlier, according to the latest Consumer Price Index released by the Department of Statistics today….

Grocery delivery firm DropIt has unveiled a new look for its website and added a mobile phone app.
Stefanny Sanchez, chief operating officer of DropIt.bm, said: “We are thrilled to introduce the new D…

Tension between the United States and Canada may be an unexpected plus for Bermuda, according to one Hamilton Princess & Beach Club executive.
Diarmaid O’Sullivan, director of sales and marketing …

California’s record-breaking wildfires are expected to deal a heavy blow to Bermudian-based reinsurers in early 2025, Fitch Ratings has warned, though the island’s capital-rich firms are still on trac…

Longevity researcher Nick Buettner, vice-president of product at Blue Zones, has moderated a CG-hosted discussion to explore how Bermuda can become the first Blue Zone island in the Atlantic.
Blue Zon…

A new global study warns that the climate cost of seabed trawling is still largely unknown, and researchers say urgent action is needed to close the data gap.
The work is part of the Convex Seascape …

The market has taken a sudden turn and the rankings have shifted quite a bit in the KPMG Senior School Investment Challenge as the competition draws to a close.
Only one of the 18 teams is in a profit…

The RG/BSX Index rose 6.06 points, or 0.24 per cent, to 2,564.08 on Tuesday, based on the trading of 10,000 shares of LOM Financial Limited. The company gained 75 cents (12 per cent) to close at $7.00…

The Everen Group has promoted Karyn Peixoto to the role of senior vice-president, chief human resources officer, based in the Bermuda office.
Since joining the firm as vice-president human resources …

CMC Markets, a global trading technology provider, has officially opened a new office in Bermuda and received regulatory approval to conduct investment and digital asset business from the Bermuda Mone…

Two Bermudian attorneys, who happen to be cousins, have been promoted at Chancery Legal Ltd.
Tanisha Butler is now director of litigation, responsible for directing the strategy of all litigation mat…

Trevor Carvey, chief executive officer and director of Bermuda-domiciled Conduit Re will be stepping down and retiring on April 11.
Parent company Conduit Holdings has confirmed that the move is due t…

David Jenkins has been appointed senior vice-president, head of Bermuda property at Chubb Bermuda.
In his new role, Mr Jenkins will lead the Bermudian-based property underwriting team and drive growth…

Bermuda High School Year 9 students put their entrepreneurial skills to the test at this year’s Enterprise Pitch Competition, an initiative designed to develop business knowledge, critical thinking, a…

Jonny Strickle is the new group managing director for Fidelis Insurance Holdings, reporting directly to Dan Burrows, the chief executive of the Bermudian-based insurer.
Mr Burrows commented on Mr Stri…

The international speciality insurer and reinsurer Convex Group Ltd has reported strong financial results for the year ended December 31, 2024, including a better than half a billion dollar profit and…

Devonshire Colts 0 North Village 4

North Village have been crowned Premier Division champions after beating Devonshire Colts 4-0 at Police Field on Sunday afternoon.
Goals from Jonté Smith, Jai B…

Bermuda’s plan for a sovereign wealth fund is not resonating with all stakeholders.
One economist believes the Government should concentrate in the near-term on two of the island’s biggest issues: th…

Canadian prime minister Mark Carney remains embroiled in a spicy political drama over his use of Bermuda corporate entities in his pre-political life, as he now takes Canada to the polls.
Facing a bar…

The House of Assembly on Friday approved legislation that laid out penalties for those who run afoul of the new Corporate Income Tax laws.
Wayne Furbert, the Junior Minister of Finance, said the Corpo…

A common question in the world of personal finance is whether you should focus on saving for an emergency fund or on paying off your credit-card debt first.
Put another way: should you prioritise usin…

Dear Dave,
My wife and I are going through a divorce, and she just had our first child. Under the circumstances, I feel it’s my responsibility to take care of her for a while longer, and to put her an…

Carl Erik Steen and James Ayers have just been appointed directors of Golden Ocean Group Limited.
Mr Ayers has held the position of secretary of the company since 2018. He has been the CEO of Front Oc…

Global real estate firm Cushman & Wakefield is planning to shift its parent company’s legal home from England and Wales to Bermuda, in a move aimed at cutting costs and simplifying corporate gover…

Rize Technologies, a Bermudian-based provider of information technology and artificial intelligence-driven business solutions, has announced the launch of Helios AI, a secure artificial intelligence p…

An economist, businessman and former president of the Chamber of Commerce has offered a bold solution to Bermuda’s economic challenges: look north.
With the Canadian dollar typically running 30 per c…

Bermudian entrepreneur Stuart Lacey has just launched his thirteenth company, Labrynth.
The new enterprise helps corporations navigate the quagmire of regional regulation using artificial intelligence…

January’s 24 days of California wildfires will cause an estimated insurer loss of around $42.8 billion, according to a newly released report exploring key insurance industry trends in 2024.
Howden Re …

Energy insurer Everen Ltd has announced a dividend of $350 million, affirming its commitment to delivering value to its shareholders.
The decision by Everen’s board of directors was announced at the f…

Chartered Financial Analysts Society Bermuda is next month offering its Financial Literacy Series, in partnership with the Bermuda College’s Athora Division of Professional and Career Education.
April…

Axcelus Financial has appointed Robin Peters to the boards of Axcelus Financial Life Ltd, Axcelus Financial Global Insurance Ltd and Axcelus Financial Life Insurance Company (Bermuda) Ltd.
The Bermudi…

Somerset Reinsurance Ltd has appointed Danish Iqbal as its new chief executive, effective April 30. Mr Iqbal succeeds Jeff Burt, who will take on the role of co-chief executive at Aquarian Insurance H…

With the Prime Minister of Canada set to take his nation to the polls in a just-called snap election, he has already been targeted by a CBC News article about his prior private sector activities setti…

An increasing number of employees are sneaking their own AI subscriptions through the office back door, and that poses a significant risk to their companies.
According to Microsoft’s 2024 Work Trend …

Bermuda, renowned as a global business hub, offers a robust legal and regulatory framework that attracts companies from around the world.
The mechanism enabling this transition is known as continuatio…

Reinsurer SiriusPoint Ltd, has teamed up with Balance Partners, a North American managing general underwriter, to take advantage of a gap in the construction industry.
SiriusPoint is a capacity provid…

The RG/BSX Index rose 9.52 points (0.37 per cent) to 2,558.03 today, based on the $1.00 (6.3 per cent) rise of BF&M Ltd to $17.00 after the trading of 2,000 shares.
There was no other activity on …