Business

Fidelis Insurance Holdings Limited, the privately-owned, Bermudian-based holding company, has announced the launch of its initial public offering of 17 million of its common shares.
The company, with …

Bermudian-domiciled Athora Holding Ltd, an insurance and reinsurance group focused on the European market, has successfully completed its first debt offering in the public capital markets.
The company…

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has appointed Renato Rodrigues to president and CEO of Everest Insurance Company of Canada.
He will be based in Toron…

Bermudian-based Aspen Insurance Holdings Limited has appointed Robert Tartaglia to the newly created position of SVP, chief operations officer, Insurance, starting on July 3.
The company said Mr Tarta…

BMS Re, the specialty reinsurance arm of the global broking group BMS, has appointed Brendan O’Brien as vice-president in its Bermuda office.
He will report to Chris McDowell, CEO of BMS Re Bermuda.
M…

The Bermuda Economic Development Corporation will host a Sandys Parish public meeting Thursday to promote its role in spurring economic growth through empowering small businesses using its economic em…

BF&M Limited has reported a net income of $10.5 million for the three months ended 31 March 2023, marking a significant improvement compared to a restated net loss for the comparative period in 20…

Developers of the largest privately owned site in the Hamilton believe their plans to build a new hotel have been given a boost by the government decision to expand the Economic Empowerment Zone from …

Insurance boss Joseph Ziolkowski had previously founded two Bahamas-based insurance companies, but when it came time to set up pioneering Relm Insurance, he chose Bermuda.
Making opening remarks at th…

Joining start-up Relm Insurance was a once-in-a lifetime opportunity, an underwriter said.
Donavan Burgess joined Relm last May as SVP, underwriter – digital assets, cyber and professional lines after…

A former global chief investment officer of Bermudian-based Argo Group has been appointed chief executive officer of Institutional Investor, the international business to business publisher.
Rip Reeve…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-based Nissan Global Reinsurance Ltd, a captive insurer for it…

Cayman’s Ministry and Department of Tourism are giving water tour and other tourism-related businesses a chance to improve their opportunities for trading off of cruise ship visits, the Cayman News Se…

AM Best has affirmed the financial strength ratings of A (Excellent) and the long-term issuer credit ratings of “a” (Excellent) of four subsidiaries of Bermudian-based Aspen Insurance Holdings Limited…

AM Best has affirmed the financial strength rating of A (Excellent) and long-term issuer credit rating of “a” (Excellent) of Bermudian-based Lion Reinsurance Company Limited.
The outlook of these cred…

Former finance minister Curtis Dickinson was among representatives of Bermuda’s life re/insurance market recently at industry conferences in Paris and Seattle.
As executive adviser of the Bermuda Inte…

This is part three of the Moneywise series to mark Money and Relationships Month. In part one, we explored our individual relationships with money and in part two, we discovered how our physiology…

Dear Dave,
I’ve been struggling for about a year, ever since I made a stupid new-college-graduate decision to finance a car. It’s a 2018 Jeep Compass, and I owe $21,000 on it. The trade-in value is ab…

Award-winning jeweller Tim Palmer is starring in his very own production of “upstairs, downstairs”.
The owner of Bermuda Jewellery moved his operation in May from a spot atop the stairs on the second …

The Government is set to lower eligibility requirements for individuals to obtain Permanent Resident’s Certificates, it said yesterday as it released its economic development strategy to cover the nex…

The Government is set to lower eligibility requirements for individuals to obtain Permanent Resident’s Certificates, it said Thursday as it released its economic development strategy to cover the next…

The RG/BSX Index fell 1.77 points (0.08 per cent) to 2,175.59, after 200 Watlington Waterworks Ltd shares ($5,700) traded on the Bermuda Stock Exchange on Thursday.
The stock price closed down $1.50 (…

Brianna Correia is the 2023 recipient of the Dr Kathy-Ann Louise White Scholarship offered by The Phoenix Stores Ltd.
The scholar will start her second year at Union University College of Pharmacy in …

Life insurance executive Natasha Scotland Courcy poured her heart out at the first Athene Life Career Expo on Tuesday, telling people she was a “pariah” in primary school.
At the event organised to at…

An entrepreneur with a clear vision of what patients value is back in business.
Jenny Faries is a certified orthoptist and the managing director at the helm of Insight Limited Comprehensive Eye Care, …

A shareholders’ proposal for Brookfield to adopt the Global Reporting Initiative early was turned down by shareholders nearly three to one at the annual meeting.
Brookfield has splashed out in Bermuda…

The board of directors of Bermudian-based Golden Ocean Group Limited, the world’s largest listed owner of large-size dry-bulk vessels, has appointed Lars-Christian Svensen as interim chief executive o…

Grainne Richmond has been unanimously elected to join the board of directors of the Bermuda Business Development Agency.
Mrs Richmond will take over as audit and risk committee chairwoman from Fiona B…

The RG/BSX Index closed on Wednesday at 2,177.35, down 2.38 points (0.11 per cent) on the day.
Argus Group Holdings Ltd closed at $5.75, down ten cents (1.7 per cent) on the day after 13,600 shares ch…

A meeting about the potential redevelopment of North East Hamilton grew heated on Tuesday evening, with area residents and business people expressing concerns about gentrification, noise pollution and…

Howden, the international insurance broker, has three new hires in London and Bermuda, part of a wider strategy to meet increased client demand for specialist casualty solutions.
Mark Colgate, managin…

Amanda Thuell’s job as a photographer requires her to spend a surprising amount of time lurking in bushes.
People often hire her to shoot their wedding proposals, but she cannot make herself known unt…

Seven major insurance groups have been targeted by the United States Senate Committee on the Budget, which has launched an inquiry into how the industry supports the expansion of fossil fuel programme…

Bermudian Brian Steinhoff has been appointed as senior vice-president, property catastrophe, of Vantage Risk Ltd.
Mr Steinhoff, who is based on the island, will report to Peta White, president of Vant…

Bermudian-based Aspen Insurance Holdings Limited has appointed John Welch as chief underwriting officer, reinsurance.
The company said Mr Welch, who takes up the post on June 26, has more than 30 year…

The RG/BSX Index closed on Tuesday at 2,179.74, up 80.45 points (3.83 per cent) on an active day of trading.
Five thousand shares in LOM Financial Limited changed hands. The stock closed at $5.10.
The…

The insurance industry can have a profound impact on climate outcomes, an executive with a global environmental organisation has said.
Slav Gatchev, managing director for sustainable debt at the Arlin…

Everest Reinsurance, the reinsurance division of Bermudian-based Everest Re Group Ltd, has announced that Trevor Gallagher has joined the company as head of US Facultative, reporting to Anthony Izzo, …

Two powerhouse members of Bermuda’s construction industry have consolidated under the umbrella of Forte Building Group Ltd – and have launched Builders Depot, a new specialty supply store for the comm…

The redevelopment of an underdeveloped portion of the City of Hamilton, could mean a significant transformation for the area over time.
But it will come only as property and commercial owners join wit…

The Graphic Design Showcase 2023 is set to open its doors on June 23 at the Bermuda Society of Arts.
The event brings together students, freelance designers, local design studios, and advertising age…

The redevelopment of an underdeveloped portion of the City of Hamilton, could mean a significant transformation for the area over time.
But it will only come as property and commercial owners join wit…

A number of parties have expressed interest in purchasing Accredited, the programme management business of Bermudian-based R&Q Insurance Holdings Ltd.
R&Q said it has received all necessary ap…

The Association of Bermuda International Companies is to present a free workshop on Friday on the topic of neurodiversity in the workplace.
The event will be facilitated by Julia Harper, a therapist, …

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has announced that Bruno Laval will join the company as chief commercial officer for its international division, effe…

Brookfield, the giant Canadian company about to change the face of the City of Hamilton with a massive redevelopment, is facing scrutiny in London over its Bermuda tax practices.
A new report from the…

Teaching international business at Albany Law School in New York, Bermudian lawyer Cheryl Packwood was annoyed when she saw Bermuda listed as a “tax haven” in her textbooks.
“They depict international…

Economic pressure has forced the closure of the amusement and recreational facility Xtreme Sports Fun Zone in St David’s.
Operators have posted a notice informing customers they will permanently close…

A US Securities and Exchange Commission official has reiterated why digital-asset companies will face a hard road trying to argue that digital assets should not be regulated under securities laws.
He …

Premium tour-charter boats, used nearly exclusively for hotel convention group business in the past, are also available this season for local groups and potentially cruise visitors, the owner of Tam-M…