Business

George Thomas has joined the board of directors of the Bermuda Press (Holdings) Limited.
And Gavin Arton has retired as a director in accordance with the company bylaw addressing mandatory retirement…

Three top jobs are being vacated as part of a business reorganisation that began more than a year ago at the global specialty re/insurer, Canopius Group.
It means the departure from the company of thr…

Helen of Troy, the global consumer products company registered in Bermuda, said one of the company’s “most challenging years in memory” had ended with the company recording a 35 per cent decline in pr…

Willis Towers Watson, the global advisory, broking and solutions company has reported net income of $206 million for the first quarter of the year, an increase of 65 per cent year-over-year.
Diluted e…

ATN International Inc, the Massachusetts-based parent company of One Communications and Fireminds, has reported a net loss attributable to ATN stockholders of $5.9 million in the first quarter of the …

American International Group has finalised its agreement with funds managed by private equity firm Stone Point Capital LLC to form Private Client Select Insurance Services, an independent managing gen…

Bermudian-based re/insurer Lancashire Holdings Limited has reported record first quarter gross premiums written of $586.2 million, an increase of 22.7 per cent year-on-year.
Issuing a trading statemen…

Arch Capital Group has declared 2023 first quarter net income of $705 million, or $1.87 per share, a 22.3 per cent annualised net income return on average common equity.
This compares to $186 million,…

Axis Capital Holdings Limited, the Bermudian-based global specialty re/insurer, has reported net income available to common shareholders for the first quarter of 2023 of $173 million.
That compares to…

Five people have joined the Centennial Bermuda Foundation’s grants review committees.
Centennial is Bermuda’s largest private philanthropic organisation and funds many non-profit projects and initiati…

The board of Borr Drilling Limited, the Bermudian-based oilfield services company, has appointed Daniel Rabun as a director to fill an existing vacancy.
The company said Mr Rabun has extensive industr…

Suzanne Williams-Charles, the director of policy and regulation at the Association of Bermuda Insurers and Reinsurers, is to be a featured panellist in June at Insurance Europe’s 13th International C…

Retail sales volume in Bermuda decreased by 0.2 per cent year-over-year in January, according to figures released Wednesday by the Ministry of Economy and Labour.
That figure was determined after adju…

The Registry General Wednesday joined a global observance of World Intellectual Property Day, reflecting on IP rights.
The theme for World IP Day 2023 is “Women and IP: Accelerating innovation and cre…

The parent company of Liberty Global, the UK communications giant, is proposing to redomicile to the island.
A preliminary proxy statement has been filed with the US Securities and Exchange Commission…

Changing financial regulations are causing Canadian insurer Manulife to consider redomiciling to Hong Kong.
The change was triggered by an announcement last month that Hong Kong financial regulators a…

Since the pandemic began, many small businesses have been skipping website development altogether and going straight to social media promotion.
But Sean Masters, founder of digital marketing company S…

Chubb Limited has reported first quarter net income of $1.89 billion, lower than the $1.95 billion for the same period in the prior year.
Core operating income was a record $1.84 billion, up 11.8 per…

The RG/BSX Index fell 89.46 points, down 4.07 per cent to close at 2,109.91.
Bank of N.T. Butterfield Ltd. fell $2 (6.7 per cent) to close at $28.00 after 2,100 shares traded on the Bermuda Stock Exch…

BMS Re, the specialty reinsurance broker, has appointed Bermuda market veteran Erik Soria as head of new business solutions and co-head of casualty broking.
Based in New York, Mr Soria reports to Sean…

Butterfield Bank has reported net income for the first quarter of 2023 of $62.2 million.
That compares to net income of $63.1 million for the previous quarter and $44.4 million for the first quarter o…

Nabors Industries Ltd. has reported first quarter 2023 net income of $49 million, or $4.11 per diluted share.
This compares to a loss of $69 million, or $7.87 per diluted share, in the fourth quarter….

Justyn Branton has been appointed managing director of Bermudian-based Climate Wise.
The organisation, founded in 2020, was created to provide support to individuals and companies, assisting them to c…

The RG/BSX Index closed unchanged on Monday at 2,199.38 as there was no trading on the Bermuda Stock Exchange.
Overseas, the Bank of NT Butterfield & Son Ltd closed up 11 cents (0.43 per cent) at …

A delegation led by David Burt, the Premier and Minister of Finance, is to fly the Bermuda flag this week at Consensus, the world’s largest gathering of digital asset, blockchain and Web3 enthusiasts,…

The board of directors of Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has appointed executive chairman Øystein Kalleklev as chief exec…

Ben Fortune, Bermuda chief underwriting officer at Fidelis MGU, is among three people named to the organisation’s executive committee.
Deborah Leen, also appointed as head of human resources for the p…

Veteran insurance executive John Wight is among three appointees to the strategic advisory board of US-based Agam Capital, an analytics driven platform strategically partnering with insurance companie…

Women in Reinsurance, the professional organisation for women working in Bermuda’s reinsurance sector, will continue its 15th anniversary programme of events by hosting the first ever Life and Annuity…

Online scammers or cyber hackers have conned a leading Bermuda captive and insurance management company out of millions of dollars, a US lawsuit alleges.
The Bermuda office of Aon Insurance Managers a…

Saturday’s Earth Day observance included a PwC announcement that it is building on more than a decade at the forefront of climate related initiatives by boosting its global nature and biodiversity cap…

In 1737, Benjamin Franklin wrote a column entitled, “Hints for those who would be rich”, noting that a penny saved is two pence clear – possibly a first look at asset appreciation.
Fast forward to 184…

The RG/BSX finished the week 132.88 points (6.04 per cent) higher at 2,199.38, after a share volume of 16,500 valued at a turnover of $104,945 on the Bermuda Stock Exchange.
Leading the advance was Ba…

The RG/BSX finished the week 132.88 points (6.04 per cent) higher at 2,199.38, after a share volume of 16,500 valued at a turnover of $104,945 on the Bermuda Stock Exchange.
Leading the advance was Ba…

Businessman Marico Thomas has been named the new president of The Bermuda Chamber of Commerce hosted.
Owner of Thomas United Company Limited and Bermuda Hospitality Group, Mr Thomas was welcomed at th…

Shareholders of Argo Group International Holdings Ltd have voted overwhelmingly to approve an agreement for Brookfield Reinsurance Ltd to acquire Argo in an all-cash transaction valued at approximatel…

Nayms, the Bermudian-based insurtech start-up that is the world’s first fully-regulated marketplace for on-chain insurance, has closed its private token sale in a round led by UDHC, a leading decentra…

According to communication consultant Michael Angelo Caruso, the five most powerful words you can say to another person are “I am proud of you”.
The TEDx speaker, and author of Work Hacks and Effectiv…

Bermudian-based re/insurer Aspen Insurance Holdings Limited has reported net income of $51 million for fiscal year 2022.
That compares with net income of $30 million in the prior year.
Gross written p…

Shareholders of Argo Group International Holdings Ltd have voted overwhelmingly to approve an agreement for Brookfield Reinsurance Ltd to acquire Argo in an all-cash transaction valued at approximatel…

AP Marine Bermuda has secured the dealership for Chaparral Boats on the island.
The company said Chaparral is a brand with more than 50 years of experience in boat building.
“We are excited to introdu…

Coinbase, America’s largest crypto exchange, has been licensed in Bermuda.
The company said: “Coinbase Bermuda Ltd. has obtained a Class F License under the Digital Asset Business Act from the Bermuda…

You can’t take digital assets with you when you die, and up until now, it has been difficult leaving them with surviving heirs.
They’ve been locked away behind secret passwords the dearly departed fai…

Hiscox Re & ILS, the reinsurance and insurance linked securities arm of the Bermudian-headquartered specialist global insurer Hiscox, has appointed Minesh Shah as director of underwriting risk.
Mr…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of the rated operating subsidiaries of Bermudian-based SiriusPoint Ltd….

The RG/BSX Index jumped 134.08 points (6.53 per cent) on Wednesday closing at 2,187.46, with 300 shares trading at a value of $6,500 on the Bermuda Stock Exchange.
Two hundred Butterfield Bank shares …

Veteran insurance executive Kirsten Beasley has been appointed to the board of directors of Coralisle Group Ltd.
Ms Beasley, who is head of office at Willis Towers Watson, brings to CG an outstanding …

Bermudian-based Ascot has appointed Owen Williams to the newly created role of chief information officer, Ascot US.
In this role, Mr Williams will be responsible for leading, developing and evolving t…

Canopius Group, the global specialty re/insurer, has announced its capability to underwrite cannabis-exposed risks for privately-owned and not-for-profit organisations.
Coverages include directors and…

Drinks giant Bacardi is unveiling a “greener makeover” at its global headquarters in Bermuda in time for Saturday’s Earth Day to further cut its carbon footprint and to create a working environment th…