Business

The Bermuda International Long Term Insurers and Reinsurers $30,000 scholarship has been awarded to Bermudian student Zyhun Robinson in his pursuit of a career in the Bermuda life re/insurance industr…

The Supreme Court’s decision on a pending case is likely to have huge ramifications for Bermuda and be of massive consequence to companies seeking to set up and operate segregated accounts from the is…

Independent auditors reviewing the financial statements of Annuity and Life Re (Holdings) Ltd for 2021 and 2022 have issued an adverse opinion, stating that they do not present fairly the company’s co…

Cactus Limited, the ground-breaking tech firm specialising in data capture and transmission for the casualty and specialty insurance market, has closed a successful pre-seed investment round with a ra…

Aegon will move its legal domicile to Bermuda and be regulated by the Bermuda Monetary Authority.
The move by the integrated, diversified, international financial services group follows the agreement …

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has appointed Scott Leney as head of Asia Pacific for its international division, effective November 6.
He will be ba…

The RG/BSX Index closed on Tuesday at 2,100.52, up 26.83 points (1.29 per cent) on the day.
Butterfield Bank was the only stock traded as 521 shares changed hands for a turnover of $14,264.35.
The sto…

Fidelis Insurance Holdings Limited has raised net proceeds of more than $89 million in an initial public offering on the New York Stock Exchange.
FIHL, the global re/insurer headquartered in Bermuda w…

PartnerRe, the Bermudian-based global reinsurer, has appointed Thomas Smith as head of global clients and broker management.
He succeeds Fiona Mitchell who is leaving the reinsurance industry.
James B…

Seth Patel has been appointed chief executive officer of Alan Gray LLC, the wholly-owned subsidiary of Bermudian-based run-off specialist Premia Holdings Ltd.
Alan Gray is an adviser to insurers, rein…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has appointed Jesús García Matas as head of property insurance for Iberia.
Mr Ga…

Cyniqua Anderson picked a tough time to launch her business, Just Dreams Events.
Almost as soon as she launched a venue space at Southside, St David’s, in February 2021 a stay-at-home order followed….

Mobile phone service provider, One Communications, is increasing the rates for monthly service as of August 1.
The company told customers by e-mail Monday that the price of service for mobile plans li…

The Bermuda mobile network operator, Paradise Mobile, has signed a memorandum of understanding to enter into a strategic partnership with high-flying UK company, AALTO HAPS.
It allows them to contribu…

The RG/BSX Index closed on Monday unchanged at 2,073.69 after a day of no trading.
Overseas, Butterfield Bank closed up 84 cents (3.07 per cent) at $28.20 on the New York Stock Exchange.

R&Q Insurance Holdings Ltd, the Bermudian-based non-life global specialty insurance company focusing on the programme management and legacy insurance businesses, has reported a group pre-tax oper…

KPMG in Bermuda is to hold a networking event next week to showcase the career paths that students can follow at the firm.
The bi-annual event, K-Nect, is aimed at providing middle, senior, and colleg…

An appointee of US President Barack Obama is to be the keynote speaker at the Bermuda Captive Conference in September.
Carla Harris, a senior client adviser at Morgan Stanley, the investment bank and …

American Overseas Group Limited, the insurance holding company incorporated in Bermuda, has reported consolidated net income available to common shareholders of $1.4 million, or $30.44 per diluted sha…

Bermudian-based holding company Assured Guaranty Ltd has announced the completion of the combination of substantially all of its asset management business, other than Assured Healthcare Partners LLC, …

Honor Desmond-Tetlow, a lawyer in the Bermuda office of international law firm Carey Olsen, has been promoted to counsel.
Ms Desmond-Tetlow, who practices in the dispute resolution and litigation team…

Caljonah Smith, counsel in the Bermuda office of international law firm Appleby, is to feature on a panel at the Transcontinental Trusts: Bermuda 2023 conference taking place Wednesday through Friday …

Two Bermuda headquartered companies have partnered on a second, significant ground-up loss portfolio transfer of a diversified portfolio of primarily reinsurance business.
The global underwriter Siriu…

There is an “absolutely huge” crisis in the rental market in Bermuda at all levels, according to Bermuda’s realtors, with record lows in rental units for medium and low-cost renters.
That means Bermud…

A newly formed government advisory body, the Economic Development Advisory Board, has been established.
It collaborated with the Ministry of Economy and Labour as the ministry produced the Economic De…

It has been nearly two weeks since my boss asked if I would write an article on mental health and productivity in the workplace.
In my haste to be the model employee and to prove my worth to the comp…

The short-term economic impact of the Bermuda Climate Summit has been estimated at $1.1 million, and supported 311 local jobs, the Bermuda Business Development Agency has reported.
The BDA, co-present…

Laser Light Holdings Ltd, the owner/operator of an emerging global optical platform, has completed its corporate registration in Bermuda.
As a Bermuda registered and based company, it said, Laser Ligh…

Bermuda Healthcare Services has celebrated its 30th anniversary with a patient appreciation reception, hosted by Ewart Brown, the owner and Bermuda’s former Premier.
Long-service employees were recogn…

Can you think of any act, any decision, any avoidance or choice that can be contemplated that does not involve risk?
The personal priorities of life, health, property and casualty insurance are among …

Dear Dave,
I know you recommend using cash or debit cards instead of credit cards. But can you explain why my husband and I should not take advantage of credit card points for travel expenses that are…

The RG/BSX Index closed on Friday unchanged at 2,073.69 after a day of no trading.
For the week, the Index was up 5.37 points (0.25 per cent) on share volume of 2,147 and turnover of $15,712.
Overseas…

Three new partners have been appointed and two further leadership promotions have been announced at PwC Bermuda, as of July 1.
Elanor Daniel, David Forester, and Chris Mills are the new partners.
Dam…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior) of the operating subsidiaries of Bermudian-based Everest Re Group Ltd.
C…

Butterfield has been shortlisted for Trust Company of the Year (Large Firm) at the 2023/24 Society of Trust and Estate Practitioners Private Client Awards.
The bank said the STEP awards are seen as th…

Fidelis Insurance Holdings Limited has executed its initial public offering on the New York Stock Exchange, prompting the sending of a congratulatory note by an insurance sector colleague.
Priced belo…

Integral ILS has reached $2 billion of assets under management, the Insurance Linked Securities focused publication, Artemis, has reported.
Integral ILS, a Bermuda company in Wellesley House on Pitts …

Glass, Lewis & Co, the independent proxy advisory firm, has recommended that Liberty Global plc’s shareholders vote for all of the company’s proposals in connection with its intention to change it…

Six years after setting up its first hotel in Bermuda, The Loren has started building a third luxury property in the Turks & Caicos Islands.
This week a host of guests and dignitaries, including …

Moody’s Investors Service has affirmed the Baa1 insurance financial strength rating of a Bermuda reinsurance subsidiary of Goldman Sachs.
The outlook for the medium-grade rating on the Bermuda compan…

The cyber threat landscape has become more sophisticated, frequent and widespread, a new report by Bermuda’s financial sector watchdog has revealed.
The Bermuda Cyber Underwriting Report 2022, release…

Rawlinson & Hunter is marking its 60th anniversary in Bermuda.
Established as a chartered accountancy and financial advisory services firm, R&H has served the international and Bermudian busin…

Argus Group Holdings Limited has announced an extension of their share repurchase programme, starting this summer.
The company said effective July 1, 2023, it will extend share buybacks, and may purch…

KPMG in Bermuda, the professional services firm, has released its 2022 Impact Report, revealing that it contributed more than $1.1 million in scholarships, financial giving, and pro bono work, as well…

The RG/BSX Index closed on Thursday down 0.59 points (0.03 per cent) at 2,073.69.
One hundred shares in Watlington Waterworks Ltd changed hands for a turnover of $2,800. The stock closed at $28, down …

SiriusPoint Ltd, the Bermudian-headquartered global specialty re/insurer, has appointed Linda Lin as chief legal officer, effective July 24.
Ms Lin will join SiriusPoint’s executive leadership team, r…

AM Best has maintained the under review with negative implications status for the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of three wholl…

Talcott Re has marked the official opening of its office at 30 Woodbourne Avenue in Pembroke, with a donation to charity.
The company, part of the Talcott Financial Group, held a ribbon-cutting ceremo…

Unaudited half year results for Bermuda Press Holdings Ltd show depressed operating revenues of nearly six per cent compared to the first half of the 2022 financial year.
For the six month period, pro…

Bermudian-based Everest Re Group Ltd has appointed FBI cyber veteran Don Good as chief information security officer.
Mr Good will lead all aspects of Everest’s information security, overseeing the pro…