Business

Mosaic Insurance has appointed David Drogin to lead growth of its US cyber business.
The Bermudian-based specialty insurer said the appointment is part of the division’s global build out to meet deman…

Compre, the Bermudian-headquartered international legacy group, has expanded its US operation with the appointment of seven US claims specialists.
The team will report to Bill Bouvier, claims director…

DWF, the global provider of integrated legal and business services, has agreed a global claims management outsourcing contract with Bermudian-based re/insurer Aspen.
The agreement will see Aspen and D…

Bermudian-based Axa XL has appointed Glen Hopkinson as the new country manager for Canada.
Mr Hopkinson, who has served as the interim boss in recent months, assumes leadership of the company’s insura…

BF&M Limited has reported a net income of $13.9 million for the six months ended 30 June 2023, bouncing back from a restated net loss of $12.2 million for the same period in 2022.
This marks the s…

The United Nations wants more power to shape global tax rules and is highly critical of the work done by the Organisation for Economic Co-operation and Development, which now has Bermuda consulting ov…

The implementation of a new tax collection system and the unpredictability of revenues are two of the issues the Government would face should it move towards the imposition of a corporate income tax, …

Company leaders in Bermuda must fully embrace employees’ differences if they are to maximise the success of their organisation, the chief executive of a new organisational development consultancy has …

The integrity of the framework supporting Bermuda’s segregated accounts companies has been validated by the Bermuda Supreme Court in the first full review of the two-decade-old legislation.
A judgment…

Conyers, the international law firm, is optimistic that more companies looking to raise capital on the Norwegian stock exchanges, will incorporate in Bermuda.
Conyers directors, Marcello Ausenda, head…

Dear Readers: this might not normally be the purview of a personal finance column. However, the proposed changes in our more than 150-year-old current Bermuda tax laws represent what could be a positi…

Dear Dave,
I’ve heard you talk about paying for college for your children. Why is this a requirement? I’m not trying to shirk my responsibility, but I worked my way through college and so did my paren…

The RG/BSX Index closed on Friday unchanged at 2,217.59.
For the week, the Index was down 9.07 points (0.4 per cent) on share volume of 1,400 and a total turnover of $37,975.
Overseas, Butterfield Ban…

HSBC Bermuda is replacing fully plastic bank cards with those made from recycled materials.
The bank said it is part of HSBC’s global strategy to reduce carbon emissions and achieve their net zero goa…

A global provider of cyber-risk and privacy management solutions, IT Governance, surveyed 87 publicly disclosed security incidents last month alone (694 for the year to July), that accounted for 146,2…

The building on Mangrove Bay Road in Sandys Parish that until recently housed Somerset Pharmacy is to come under new ownership, its owner has revealed.
Graham Fowle said: “The property is under contra…

The RG/BSX Index closed on Thursday unchanged at 2,217.59, with no trading on the Bermuda Stock Exchange
Overseas, Butterfield Bank closed up 56 cents (1.97 per cent) at $28.93 on the New York Stock E…

The eMoo platform, Bermuda’s largest local marketplace website, will undergo security and performance upgrades designed to create a better seller and user experience, the eMoo product manager has said…

Major Martin Wyer (RBR retired) has been appointed director of talent & culture at the Hamilton Princess & Beach Club.
He is responsible for leading and managing all recruitment, training, coa…

Seven directors were re-elected at the annual general meeting of Golar LNG Limited, the Bermudian-based owner of tankers that haul liquefied natural gas,
Re-elected were Tor Olav Trøim, Daniel Rabun, …

Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has reported a net profit of $16.9 million for the second quarter of the year.
The company said it received chart…

Borr Drilling Limited, the Bermudian-based oilfield services company, has reported second quarter net income of $800,000.
The company had total operating revenues of $187.5 million in the quarter.
Bor…

SiriusPoint Ltd, the Bermudian-based global specialty re/insurer, has appointed Anthony Shapella as deputy chief underwriting officer.
Based in New York and reporting to David Govrin, group president,…

The RG/BSX Index closed 0.35 points (0.02 per cent) higher at 2,217.59 Wednesday. Polaris Holdings was the only active issue on the Bermuda Stock Exchange, rising 25 cents (3.6 per cent) to close at $…

Daniel Tague has been appointed senior vice-president, excess casualty at Hamilton Select, the US excess and surplus lines insurer of the growing Bermuda insurer, Hamilton Insurance Group, Ltd.
Hamilt…

Enquiries into fraudulent letters of credit used in collateral for business with the insurtech, Vesttoo, has made enough progress, the company has said, that they have determined there was no internal…

Bermudian-based Flex LNG Ltd, the liquefied natural gas shipping company, has reported net income of $39 million for the second quarter 2023, after vessel operating revenues of $86.7 million for the p…

Bittrex Global, the crypto currency exchange with offices in Bermuda and Liechtenstein, has reached a settlement with the US Securities and Exchange Commission.
The settlement is in relation to the SE…

Aircare Ltd service technician Corey Davies has successfully completed his Trane CentraVac chiller certification.
The company said the two-course training took place in Wisconsin in May, and consisted…

SiriusPoint CEO Scott Egan was joined by colleagues from the company on Monday as he rang the closing bell at the New York Stock Exchange.
Mr Egan was joined on the podium by two Bermudian-based staff…

Catastrophe risk modeller Karen Clark & Company has reported an estimate for the insured property losses from the devastating Lahaina, Maui, fires at $3.2 billion.
KCC made the estimate using the …

Bermuda-registered International General Insurance Holdings Ltd has reported net income for the quarter ended June 30 increased 84.1 per cent to $40.5 million from $22 million for the second quarter o…

Catastrophe risk modellers, Karen Clark & Company, have reported an estimate for the insured property losses from the devastating Lahaina, Maui fires at around $3.2 billion.
KCC made the estimate …

The RG/BSX Index closed on Tuesday down 9.42 points (0.42 per cent) at 2,217.24.
Some 200 shares in Watlington Waterworks Ltd changed hands. The stock closed at $20, down $8 (28.6 per cent).
Overseas,…

Apex Group Ltd, the Bermudian-based global financial services provider, has appointed Frederick Shaw as country head, United States.
The company said Mr Shaw has two decades of experience in the finan…

Three panel discussions will feature at next month’s Bermuda International Life & Annuity Conference presented by the Bermuda International Long Term Insurers and Reinsurers.
The conference will b…

Seadrill Limited, the Bermudian-based offshore drilling company, has reported net income of $94 million in the second quarter of the year and operating profit of $109 million.
The company said the res…

Nicholas Kessel has won the 2023 EY Gil Tucker Bermuda Scholarship.
The award is valued at up to $30,000 per year until the recipient has completed the minimum educational requirements to pursue their…

When Doyle Butterfield launched Bright Bins, a trash can cleaning service, a month ago, one of his first clients was an upscale housing complex.
Everything looked well maintained and clean until he op…

Vesttoo Ltd, the scandal-plagued Israeli insurtech that has scrambled to stay ahead of a stormy summer, has now collapsed into Chapter 11, still vowing to stay alive.
The latest development comes less…

Vesttoo Ltd, the scandal-plagued Israeli insurtech that has scrambled to stay ahead of a stormy summer, has now collapsed into Chapter 11, still vowing to stay alive.
The latest development comes less…

Bunge Limited, the American agribusiness and food company, is to hold an extraordinary general meeting of its shareholders on October 5 to consider a proposal to approve the redomestication of the com…

The RG/BSX Index closed on Monday unchanged at 2,226.67.
Some 1,100 shares in Bank of NT Butterfield & Son changed hands. The stock closed unchanged at $30.
The board of directors of LOM Financial…

The fifth annual Bermuda Tech Summit, presented by the Bermuda Business Development Agency, will have the theme “Building a Foundation for the Future”.
The event will be held October 8-10 at Hamilton …

Registration is open for “Entrepreneurship 101”, a multi-week education course hosted by the Bermuda Economic Development Corporation.
The BEDC said the course provides new and aspiring entrepreneurs …

Conyers has presented four Bermudian students with a total of $60,000 in legal education awards.
Ava Gibson was presented with the Conyers Legal Scholarship, which is valued at $30,000.
Ms Gibson will…

Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has signed a $100 million drilling contract in Canada with a subsidiary of Equinor ASA for the harsh environment …

Essent Group Ltd, the mortgage re/insurer based in Bermuda, has announced that its wholly-owned subsidiary, Essent Guaranty Inc, has obtained $281.5 million of fully collateralised excess of loss rein…

Hamilton Insurance Group Ltd, the Bermudian-headquartered global specialty re/insurer, has appointed Everard Barclay Simmons to the company’s board of directors.
Hamilton board chairman David Brown sa…