Business

Global professional services firm, Aon Plc has announced the Bermuda Insurance Liability Top-Up (BILT), a new facility unique to Aon that provides clients with up to $50 million of excess casualty cap…

A former Coinbase director says Bermuda’s move towards an “onchain economy” will succeed only if it delivers clear, early economic wins rather than relying on pilots or policy announcements.
Porter St…

Continuing reductions across the global reinsurance segment has led AM Best to revise its outlook for the sector, the company has said in a new report.
The acceleration of reductions in property reins…

KPMG in Bermuda has made Lourens de Coning director, financial risk management.
The firm said Mr de Coning has been pivotal in expanding KPMG in Bermuda’s life, annuity and health re/insurance capabil…

The Bermuda Monetary Authority has launched a public consultation on plans to create a new insurer category to support parametric insurance and reinsurance business, as the island looks to expand its …

Patrick Abuluyan, the Bermuda Motors grade A1 automotive mechanic has earned a certificate in hybrid advanced training for Toyota after completing an intensive regional programme in Aruba.
Patrick was…

The inaugural Meritage Re Ltd. Series 2026-1 catastrophe bond has closed at $200 million, its two sponsors have announced.
SageSure Holdings, LLC , the largest residential property managing general un…

After two years in operation, the retail collective Lookie Lookie in Hamilton is ending operations.
The store became the second Washington Mall outlet in a week to announce its closure, after Harbourm…

As the Government announced plans this week to pursue what it described as the world’s first fully onchain national economy — in partnership with Coinbase and Circle — some economists are cautious abo…

The island’s electricity supplier, Belco, held its 2026 apprenticeship induction ceremony today, welcoming seven recruits.
The company said the four-year programme provides worthy applicants an opport…

The Bermuda Chamber of Commerce has appointed Aaron Furbert as director of business development.
Mr Furbert has extensive leadership experience spanning the telecommunications, hospitality and IT cons…

Radix Insurance Linked Strategies, the multiline reinsurance partner, continues to build out its team with two new hires.
Nicolas Plianthos is on board as chief operating officer and Claire Niederberg…

The Bermuda Chamber of Commerce has appointed Aaron Furbert as director of business development.
Mr Furbert has extensive leadership experience spanning the telecommunications, hospitality and IT cons…

After almost 51 years in business leather goods and accessories shop Harbourmaster is preparing to close.
People lined up around the store, out the door and across the mall to take advantage of a 50 p…

Two key leadership appointments made within Everest Group’s facultative & hybrid reinsurance business, is further strengthening its global wholesale and specialty platform, the company said today….

Bermuda’s electricity supplier, Belco, held its 2026 apprenticeship induction ceremony today, welcoming seven recruits.
The company said the four year programme provides worthy applicants an opportuni…

Zurich Insurance Group has submitted an improved cash proposal to acquire Beazley, triggering a sharp jump in the London-listed specialist insurer’s share price and putting renewed attention on the c…

Global business leader confidence has hit a five-year-low, as AI becomes the divide between leaders and laggards, new research from PwC reveals.
According to the PwC 2026 Global CEO Survey, only 30 pe…

Months after the United States applied 25 per cent tariffs to imported pharmaceuticals, the head of the Bermuda Health Council says Bermuda has not seen any provable impact, even though the US is a ma…

Global business leader confidence has hit a five-year-low — as AI becomes the divide between leaders and laggards reveals new research from PwC.
According to the PwC 2026 Global CEO Survey only 30 per…

The RG/BSX ended the day unchanged at 3,322.36, with the only activity the trading of 7,500 shares of Allshores Ltd, along with 70 shares of Butterfield. Neither share price moved.
Total turnover was…

Bermuda has announced plans to be the world’s first “fully onchain” national economy, expanding a partnership with leading companies Coinbase and Circle to embed digital asset infrastructure across go…

AM Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of “a” (excellent) for Brit Reinsurance (Bermuda) Ltd, with a stable outlook.
The ratings ag…

Zurich Insurance Group has submitted an improved cash proposal to acquire Beazley, triggering a sharp jump in the London-listed specialist insurer’s share price and putting renewed attention on the c…

A fire that tore through a long-standing Paget clothing shop last month has drawn fresh attention to a quieter but persistent risk facing Bermuda’s business community: underinsured and uninsured c…

Bermuda’s newly enacted Tax Credits Act 2025 could reduce the corporate tax burden for island-based reinsurers, analysts have said.

Reinsurance
News magazine cites the Jefferies Group observati…

Geoeconomic confrontation has emerged as the top global risk for 2026, with a volatile outlook for trade, finance and global co-operation that could have knock-on effects for international financial c…

Bermuda insurers and reinsurers’ combined ratios are expected to rise to about 92 per cent in 2025, up from 90.7 per cent in 2024, according to Fitch Ratings in its Bermuda Re/Insurance Monitor: 2026….

Let’s face it: managing money often feels overwhelming, whether grappling with investing, budgeting, debt management, retirement planning, insurance, or simply maximising the income you earn. The bar…

Dear Dave,
My wife and I own three commercial properties. They are all leased out long-term. Currently, we owe about $400,000 each on two of the buildings, and a little over $500,000 on the other.
Th…

The RG/BSX ended the day unchanged at 3,322.36, with the only activity the trading of 7,776 shares of Allshores Ltd. The share price remained unchanged.
For the week, the index finished up 148.04 poin…

Global professional services firm Alvarez & Marsal has formally opened for business in Bermuda after securing its licence to operate on the island, marking an expansion driven by client demand in…

Bermuda’s leading investment professionals will discuss the coming year’s expected innovations, together with perspectives on the shaping of the future economy.
Chartered Financial Analysts host the C…

AM Best has withdrawn the financial strength rating of C+ (Marginal) and the long-term issuer credit rating of “b-” (Marginal) of Berking Re.
At the time of the withdrawal, the credit ratings were und…

As global non-life run-off reserves climb past $1.1 trillion, deal activity accelerated sharply in 2025, with about 45 publicly disclosed transactions — putting Bermudian-domiciled reinsurers, insuran…

Specialty re/insurer SiriusPoint has partnered with Integrated Specialty Coverages, a multiline programme administrator.
The aim is to support ISC’s continued expansion of the firm’s exclusive and who…

The Bermuda Stock Exchange’s market dominance in insurance-linked-securities deepened over the past year.
There were 209 new cat bonds listed on the BSX, up 34 per cent on the 156 new listings in 2024…

Global underwriter Everest Group has made Christopher Kujawa executive vice-president and chief human resources officer, effective January 20.
Mr Kujawa will report to Jim Williamson, president and ch…

Bermuda’s insurance and reinsurance sector could play a central role in a fast-growing global market for climate adaptation, estimated to reach $10 trillion by 2050, according to a new analysis by a s…

A Bermuda delegation joins global leaders from the telecoms, digital infrastructure and Information and Communications Technology sectors for discussions on connectivity, innovation and global infrast…

Axa XL Reinsurance has promoted Julian Longbottom to global head of marine and energy, reinsurance and Jamie Pedro to head of specialty, reinsurance, Bermuda, with both appointments effective January…

Randall Krebs, director at Harbour International Trust Company, has been recognised internationally for professional excellence in the trust field.
Mr Krebs is listed in this year’s Citywealth Global …

The RG/BSX Index rose 4.07 per cent or 129.23 points to 3,308.15 after two issues and 4,700 shares valued at $187,500 traded on the Bermuda Stock Exchange, today.
Allshores closed at $20, down $1.50 (…

Local law firm Walkers Bermuda has assisted in a global paint company merger that will result in an enterprise value of $25 billion and revenues of $17 billion.
The deal brings together Dutch Dulux pa…

Mosaic Insurance has expanded its North America and international transactional tax-liability teams to meet heightened demand in the sector, with the addition of four tax-risk specialists and the prom…

Bermuda has emerged as one of the most important jurisdictions in the global life reinsurance market, regulating about one-third of all asset-intensive reinsurance worldwide, despite accounting for on…

The Bermuda branch of the Insurance and Reinsurance Legacy Association will host its first conference later this month to shine a spotlight on the island’s growing role in the global legacy insurance …

AM Best has assigned a preliminary credit assessment to Beazley Bermuda Insurance with a financial strength assessment of A pca (Excellent) and a long-term issuer credit assessment of “a+” pca (Excell…

Shoppers across the island got an extra jolt of holiday cheer this Christmas thanks to a month-long promotion from Duracell and local distributor BGA Ltd, which culminated in two lucky winners riding …

BermudAir is calling on local culinary professionals to help rebrand its economy class in-flight food offerings.
The island’s only airline is inviting qualified and experienced in-flight catering serv…