Business

Are you one of the many people who made a new year’s resolution? We’re now well into 2025, so how’s that resolution coming along?
If the answer is “not great”, that’s OK. February is about the time w…

The head of one of Bermuda’s largest annuity reinsurance companies wants Cayman’s life insurance industry choked.
In an earnings call this month, James Belardi, the chief executive of Athene, called f…

Aviation litigation stemming from the Russia-Ukraine conflict is having an impact on the profits of Bermudian-based global speciality insurer Fidelis Insurance Holdings Limited, according to the firm’…

Bermudian-based global reinsurer PartnerRe has appointed Ruth Damian as the senior client partner for North America Life financial solutions.
Ms Damian joins the company from SCOR, where she held the …

Mark Chudleigh, of Kennedys Bermuda, has retained his Band 1 ranking for “insurance: contentious” in the 2025 Chambers and Partners Global Guide.
The firm said its insurance team retained its Band 3 r…

Willis has appointed Helen Campbell as the Bermudian-based head of property wordings in North America.
Her role covers property policy language, and terms and conditions for both the insurance and rei…

Interpath, the international financial advisory firm with an office in Bermuda, has entered into an alliance with Sidetrade, the artificial intelligence-powered order-to-cash applications company.
Ord…

The board of directors of Axis Capital Holdings Ltd has approved a new share repurchase programme, authorising the company to purchase up to an aggregate $400 million of its common shares.
The company…

A bestselling author and award-winning journalist who has been at the forefront of climate reporting for more than two decades is to deliver a keynote address on climate risk at next month’s Bermuda R…

Bermudian entrepreneur Kyla Bolden makes no bones about the fact that jobs will be lost to artificial intelligence.
In her own tech education business, Wiz Learning, she has already cancelled several …

SiriusPoint Ltd, the Bermudian-headquartered global specialty insurer and reinsurer, has reported net income available to common shareholders of $183.9 million in the 2024 fiscal year.
In the fourth q…

Conduit Re, the Bermudian-based global multi-line reinsurance business, has reported comprehensive income of $125.6 million for the 2024 fiscal year.
That compares with comprehensive income of $190.8 …

Hamilton Global Specialty, an underwriting platform of Bermudian-headquartered Hamilton Insurance Group Ltd, has made two senior underwriting appointments.
Mike Thorp has been appointed as head of spa…

East End Asphalt Company Ltd, the Bermudian-owned subsidiary of Polaris Holding Company Ltd, has a new name to reflect its new direction.
Now operating as Surface Experts Ltd, Polaris said the company…

Bermudian-based RenaissanceRe Holdings Ltd has agreed to sell in an underwritten public offering $500 million aggregate principal amount of 5.8 per cent senior notes due in 2035.
The company said it e…

Bermudian-based Axa XL has appointed Ana Dores as country manager, Iberia, effective March 1, subject to regulatory approval.
The company said she will succeed Enrique Lopez Torrents who will be leavi…

In 2023, the Association of Bermuda Insurers and Reinsurers members’ contribution to Bermuda’s economy exceeded $1 billion, for the first time in the organisation’s 31-year history.
This is highlight…

The third annual Small Business Expo hosted by the Bermuda Economic Development Corporation has been hailed as a success after more than 200 people attended the event over the course of the day.
Held …

Veteran real estate agent Margaret Young has been named Rego Sotheby’s International Realty’s top revenue agent for 2024.
Ms Young has been in the business for 45 years, and at Rego Sotheby’s for more…

Volante Global, the Bermudian-based specialist insurer and reinsurer, has appointed Aaron Brockwell to the newly-created role as head of outwards reinsurance.
The company operates a multi-class managi…

Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported net income attributable to common stockholders of $128.6 million for the 2024 f…

Artificial intelligence is democratising who gets into the fintech game, and that spells good news for Bermuda, according to one Bermudian AI expert based in Canada.
Kyla Bolden, founder of Toronto …

Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has issued its last annual earnings release as it moves towards liquidation.
The company r…

David Burt, the Premier, has enthusiastically championed the island as the ideal home for cryptocurrency businesses – but now he has had to respond to a scammer who created a fake X (formerly Twitter)…

The Government has launched a third consultation on corporate income tax, which focuses on the administration of the provisions of the Act by the new Corporate Income Tax Agency.
And in so doing, it h…

The RG/BSX Index closed today unchanged at 2,709.91 after no trading on the Bermuda Stock Exchange.
The New York Stock Exchange was closed for the President’s Day holiday in the United States.
On Frid…

Neil Horner, head of corporate at ASW Law Ltd, has retained his top-tier Band 1 rankings for corporate & finance and insurance in the 2025 Chambers & Partners Global Guide.
The firm said corpo…

AM Best has revised its outlooks to positive from stable for Somers Re Ltd, the Bermudian-based Class 4 insurer, and its subsidiaries.
The ratings agency also affirmed the financial strength rating of…

The Bermuda Captive Conference returns to its customary June calendar slot this year, attracting industry leaders, captive owners, risk managers, and service providers to explore the evolving role of …

Soter Insure, the parent company of a Bermudian-based Class IIGB licence holder, has successfully closed its Series A funding round.
The capital raise was led by Galaxy, with participation from Brevan…

The Premier and leader of the Progressive Labour Party has pledged that if his team is triumphant at the polls tomorrow he will reach out to Free Democratic Movement and independent candidates to dete…

The Bermuda Paediatric Centre has opened under the leadership of paediatric specialist doctors, Richard Fulton and Sylvanus Nawab.
They will operate the practice from the former Edgewood Paediatrics o…

Produce director Michael Cann stars in a brief YouTube video put out by the MarketPlace to highlight career opportunities at the firm.
The firm’s president, Seth Stutzman said Mr Cann exemplified what…

Well, that dreaded time has arrived – the time to update the net-worth statement for the year and set those 2025 financial goals. In full transparency, we update our net worth semi-annually to ensure…

Convex Group Ltd, the Bermudian-headquartered international specialty insurer and reinsurer, has received in-principle approval to launch Lloyd’s Syndicate 1984, which will commence underwriting in Ap…

Essent Group Ltd, the mortgage insurer and reinsurer based in Bermuda, has reported net income of $729.4 million for the 2024 fiscal year, up from prior year net income of $696.4 million.
Net investme…

Palomar Holdings Inc, the parent company of Palomar Specialty Reinsurance Company Bermuda Ltd, has reported a jump in net income of nearly 50 per cent in the 2024 fiscal year.
Palomar recorded net inc…

The Bermuda office of Walkers has been ranked in Band 1 for dispute resolution and Band 2 for corporate and finance and insurance in the 2025 Chambers Global guide.
Individual lawyers were also recogn…

Bermuda’s full membership in the Caribbean Community could mean open doors for region-wide jobseekers to have unfettered access to Bermuda employment but also more Bermudian opportunities to work in t…

A conservative American publication has accused Bermuda of helping to funnel millions in illegal foreign investment into American universities.
However, last night, the Government rebuffed any claims …

Nabors Industries Ltd, the Bermudian-domiciled energy technology company, suffered a $176 million loss for the year (2023: $12 million) after a fourth quarter net loss attributable to shareholders of …

AM Best has assigned credit ratings to Bermudian-based Soteria Reinsurance Ltd.
The ratings agency has assigned Soteria a financial strength rating of A- (Excellent) and a long-term issuer credit rati…

The Bermuda office of Appleby has been ranked Band 1 in the practice areas of corporate and finance, dispute resolution, and insurance in the 2025 Chambers Global guide.
The firm said several of its p…

Mosaic Insurance has released a combined environmental product merging primary commercial general liability with a suite of added pollution and professional coverages.
The firm’s new Site Pollution an…

Bermudian-based Lancashire Holdings Ltd, the global specialty insurer and reinsurer, has estimated that its aggregate net ultimate losses relating to last month’s wildfires in California will be in th…

The Hamilton Princess & Beach Club is to host a career fair on February 27 in the Princess Ballroom of the hotel.
A spokeswoman said: “We have a variety of openings available in our divisions of f…

The president of a local bakery estimates imported eggs have gone up by 200 per cent in the past year, forcing him to raise the cost of his baked goods.
“Looking at the wholesale egg prices this morni…

Feven Binega-Northcott and Rhiannon Nanette have launched Pod, a business supporting families through fertility, pregnancy, post-partum, lactation and beyond.
Pod is a shared dream between Ms Binega-N…

Bermuda Realty Company Ltd has recognised the dedication and commitment of 11 employees who have combined service with the company of 210 years.
Receiving long-service awards are: Heather Chilvers and…

Conyers Bermuda retained its Band 1 rankings in the 2025 Chambers Global Guide across three practice areas: corporate and finance, insurance, and dispute resolution.
The firm said a record 15 lawyers …