Business

When I was growing up, I can’t count the number of times I was asked which university I was going to attend; then, in my adult years the question became which university I had attended. Strangely, th…

Four prominent members of Bermuda’s business community have been shortlisted for the Citywealth Powerwomen Awards USA 2025.
Nominated for the Woman of the Year – Caribbean award are Laura Kearns, a se…

The top job in Bermuda’s new Corporate Income Tax regime has gone to an executive with the Association of British Insurers.
Mervyn Skeet, director of general insurance policy at the ABI, is leaving th…

A forum promoting Bermuda’s position as a premier destination for wealth preservation and growth has been hailed a success.
The Bermuda Business Development Agency facilitated the two-day Bermuda Weal…

Bermudian businessman delMonte Davis has been inducted into the Board of Visitors Alumni Hall of Fame at the University of Hartford’s Barney School of Business.
Mr Davis, a former circulation manager …

The Bermuda Monetary Authority confirmed the registration of two new insurers in October, taking the yearly total to 43.
The island’s financial services regulator has also registered ten intermediarie…

A difficult retail climate in Bermuda is fuelling the trend towards more pop-up stores.
But Gibbons Company is finding success in cyber sales, through soaring website traffic.
“Retail right now is dif…

Moody’s Ratings expects the Government of Bermuda will reach a balanced budget in 2024 and start generating positive financial balances in the following years.
That view was expressed in a periodic re…

Sergio Lottimore has been appointed to the post of vice-president, Credit, at Hamilton Re.
He was formerly vice-president, Financial Lines underwriter, at Validus Reinsurance Ltd, where he spent three…

Oceanview Reinsurance Ltd, an Oceanview Holdings Ltd subsidiary, has made Stelian Dragan the new chief executive officer of its business in Bermuda.
Mr Dragan will oversee Oceanview Reinsurance’s ope…

AM Best has maintained its market segment outlook for global reinsurance at positive, citing robust underwriting returns and the potential for solid full-year 2024 results, despite an active Atlantic …

Ascot has appointed Anthony Mandica to the post of group head of Internal Audit.
Mr Mandica will continue to be based in the company’s Iselin, New Jersey office, with a dual reporting line to the Asco…

Itasca MGA Ltd, the aviation-focused managing general agent, has provided insurance backing for Elevate Capital Partners, a private investment and asset management firm, for a financing solution in re…

Rocketing building costs have sent Bermuda’s property market into a critical state, says a veteran real-estate broker.
“There is no inventory other than in the highest price brackets,” Jane Burt, of T…

Conyers has once again been ranked in the 2024 edition of the IFLR1000.
The firm’s practices in Bermuda, the British Virgin Islands, and the Cayman Islands all received recognition from the guide to t…

Thomas Gallagher, the chairman of the Bermuda Stock Exchange, has been named to the 2024 TabbForum 40, an honour roll of executives and other influencers who are leading technology-driven innovation a…

Savoury flavours, immersive experiences, and bartender expertise will drive cocktail culture in 2025, the world’s largest privately held international spirits company has found.
Bermudian-based Bacard…

A judge who sits in both Bermuda and the Cayman Islands was the guest speaker as the Bermuda branch of the Chartered Institute of Arbitrators held its 24th annual dinner.
Nicholas Segal is a Judge of …

The KPMG Senior School Investment Challenge enters its 20th year, promising participating students more one-on-one interaction.
KPMG event organiser Kyran Simmons said it was time to up the ante this …

After many stops and starts, Bermuda inventor Murray Scott’s specially designed Snorkelboards are floating worldwide.
“In the last year, potential distributors in Australia took three boards, then or…

A UK tax blogger and tax justice campaigner believes those who are now driving the tax justice movement do not quite grasp exactly what it is that the United Kingdom should be asking of overseas terri…

Bermuda-headquartered Allied World Assurance Company Holdings is among a number of firms set to take advantage of an explosion in lawyer liability insurance, according to a market intelligence report….

Bermuda’s critical role as a hub for reinsurance innovation, growth, and resilience has been highlighted at the PwC Insurance Summit, presented in collaboration with the Financial Times.
Arthur Wightm…

The shareholders of CATCo Reinsurance Opportunities Fund Ltd are to meet next month to consider a board recommendation that the company be wound up.
The special general meeting will be held on Decembe…

Abacus Ltd, the local full-service accounting firm, has celebrated its 17th year in business in new office space at Thistle House in the centre of Hamilton.
A reception invited guests to participate i…

When Steve Horton first started work, he used to scan paper files — something he remembers as being a huge duplication of his time.
It’s perhaps why, now, the president of Liberty Specialty Markets co…

Heightened geopolitical tensions worldwide continue to affect energy supply chains, a Bermudian-based shipping company said as it released earnings results for the third quarter of the year.
Ardmore S…

Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has reported a third quarter net profit of $44.5 million, a jump of more than 50 per cent year-on-year.
The quart…

Bermudian-based Aspen Insurance Holdings Ltd has reported net income of $56.7 million in the third quarter of the year, a drop from $86.3 million in the prior year quarter.
Underwriting income fell by…

One of the newest members of Bermuda’s supermarket sector is to open at a second location.

The English Market, which launched in Hamilton’s Washington Mall in 2021, is busy preparing a new shop at…

Bacardi International Ltd is launching Hacienda Patrón, a series of seasonal pop-up Patrón tequila and Bacardi rum tastings November 19 to December 21 on the second floor of the Bermuda Visitor Servic…

Some tech experts are questioning the future of coding, the language of computer programming.
It comes just a few years after more coding education was introduced for younger and younger students, ahe…

Environmentalists are finding new challenges to net zero goals from galloping technology – with advances proving frustratingly, energy intensive.
Still, an ongoing KPMG survey is finding Bermuda’s cor…

AM Best has downgraded the credit ratings of Evergreen Insurance Company Ltd, the Bermudian-based captive insurer.
The ratings agency adjusted Evergreen’s financial strength rating to A- (Excellent) f…

Fidelis has reported a 25.2 per cent third quarter growth in gross premiums written, up to $741.9 million. Net income was $100.6 million.
Dan Burrows, group chief executive officer of Fidelis Insuranc…

Bermudian-based insurer Probitas is offering five new lines of business, marking a milestone in its integration with Aviva.
Probitas has begun quoting for Marine (Cargo, Fine Art & Specie, and Por…

There is no greater turmoil in the “Seely household” than when it comes to converting funds and trying to determine the movement of a foreign currency exchange rate. Research is done, historical chart…

Dear Dave,
My husband and I have been blessed financially in our work and in our lives. We simply love working, money aside, even though we could both easily retire and be very comfortable. These feel…

Tucker’s Farm Corporation, the Bermudian-based investment holding vehicle, has acquired a leading franchisor of premium exterior Christmas and holiday decorating services in the United States.
The acq…

BellTower Partners LLC, a North Carolina-based private holding company, has closed its minority investment in Ascot Group Ltd, the Bermudian-headquartered global specialty insurer.
The organisation sa…

Companies concerned about the rising incidence of cyber attacks can learn about the dark web, the latest hacking methods and explore the latest trends.
A new course from technology firm Supatone Limit…

A subsidiary of Bermudian-based Hamilton Insurance Group has announced its entry into the US property insurance market.
Hamilton Global Specialty, an underwriting platform of Hamilton Insurance, said …

Two Bermudian-based organisations are among those who have made capital commitments to Ruby Reinsurance Company, a Missouri-domiciled third-party life reinsurer that has closed a second round of fundi…

AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” (Excellent) to Bermudian-based National General Insurance Ltd.
NGIL is a Class 3A insurer …

Maiden Holdings Ltd has reported a third quarter net loss of $34.5 million, which compares with a net loss of $3.5 million for the prior year quarter.
The Bermudian-based company said it recorded a hi…

Hiscox Ltd, the Bermudian-based international specialist insurer, has reported that group insurance contract written premiums increased by $113.1 million or 3 per cent over the first nine months of th…

A popular pizzeria in Pembroke is set to go cashless on December 1.
Fire & Slice, on Serpentine Road, will only accept credit and debit cards as payment after the end of this month.
Owner Henry Ha…

The S&P 500 soared 4.7 per cent after Donald Trump’s sweeping election victory paved the way for a more business-friendly environment.
Seemingly against all odds, America’s 45th president became …

Everest Insurance, the insurance division of Everest Group, Ltd, has announced two key leadership appointments to the firm’s American casualty business.
Nina Corbo is the new head of US primary casual…

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