Business

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…

While many people want to support renewable energy in Bermuda, the cost of installing solar panels can be prohibitive.
Solar panels for a small cottage can cost more than $30,000.
Richard Correia is …

EY, the consulting, tax and accounting firm, has given up on the plan it was devising to split up its audit and consulting businesses, after months of consideration.

The Financial Times has report…

Americans view the crypto currency industry as disruptive to the established order, a panellist said at the fourth annual International Tech Summit.
Jason Park is head of business development in the B…

Bermudian-based Everest Re Group Ltd has appointed Mike Mulray as executive vice-president and president of North America Insurance.
Mr Mulray most recently served as global chief operating officer fo…

Joshua Rosenberg, chief risk officer at the Federal Reserve Bank of New York, is to give the keynote address at the second annual Bermuda Climate Summit.
Presented by the Bermuda Business Development …

A contrite Butterfield Bank late yesterday conceded that while they had made great progress in resolving frustrating client problems with banking systems, there were issues that remained.
In an e-mail…

Bermudian-based Sompo International, the global provider of commercial and consumer property and casualty re/insurance, has promoted Margaret Hyland to the post of president of North America Reinsuran…

The RG/BSX Index closed on Monday at 2,084.30, up 17.80 points (0.86 per cent) on the day.
One hundred shares of BF&M Ltd changed hands for a turnover of $2,195.
The stock closed at $21.95, up $1….

Digicel Business has partnered with technology consultant Gnosis to keep the Women’s Resource Centre connected with a donation of high speed, reliable FibreX high speed internet.
Digicel Business said…

Appleby Bermuda has added James Sellick, a seasoned UK advocate, to its expanding dispute resolution team.
The firm said Mr Sellick is a Fellow of the Chartered Institute of Arbitrators and has signif…

The anticipated global outlook from a leading consulting economist at the Chamber of Commerce AGM Thursday will include her take on how the world’s economic challenges might impact Bermuda.
This, from…

Digiroo, the local product invented by Bermudian Antonia Holder to help children practice safer screen time, will celebrate an official launch Thursday at A.F. Smith.
The patented, ergonomically desig…

Pinky’s, the Middle Road, Devonshire Drive through restaurant, just opened in February after extended delays, has closed again for upgrades, the company said today.
A statement said the restaurant wil…

Podiatrist Matt Francis has opened a new clinic with a particular focus on the feet of diabetic patients.
After working in the industry for more than a decade, Mr Francis went out on his own to open …

The frustrated, and in some cases outright profane, complaints lodged against Butterfield Bank continued through social media into the weekend, as the leading financial institution struggled to comple…

Ben Doherty, founder of web3 community management platform Lithium Ventures was named the winner of Penrose Partners’ pitch tech competition.
The competition was held virtually, as part of the Fourth …

Arch Capital Group Ltd., the publicly listed Bermuda exempted company, has released its 2022 sustainability reports including the 2022 Sustainability Report, Sustainability Accounting Standards Board,…

The world’s 10 biggest hedge funds, including one based in Bermuda, made profits estimated at nearly $2 billion from the global food price spike that followed the invasion of Ukraine by Russia, accord…

This is part two of the review of the Office of Auditor-General’s Public Interest Report on the Government’s Response to Covid-19: Travel Authorisation (TA).

Following on from last week’s review,…

Dear Dave,
I’m about to start paying off debt in Baby Step 2, but there’s a motorcycle loan my ex-girlfriend took out for me. I crashed the motorcycle and sustained some injuries. After two months of …

Jenny Kane has joined the executive team of Aspida Life Re Ltd, the Bermudian-based life and annuity reinsurance company, as deputy chief operations officer.
Ms Kane has more than two decades of indus…

Andy Richardson is QBE Re’s new head of underwriting for Bermuda.
He joins from Aeolus Capital Management, Bermuda where he was portfolio manager and has experience in senior roles at Lancashire Insu…

Natasha Scotland Courcy has been named chief executive officer of Athene Life Re Ltd the reinsurance subsidiary of Athene Holding Ltd.
Athene said she will continue to oversee the Bermuda office and d…

Money transfer programme Cash App is looking for senior staff in Bermuda, two months after getting the go-ahead to open an office on the island.
The news comes amid tragic headlines that Cash App foun…

The Bermuda Monetary Authority confirmed the registration of seven insurers in March, doubling the yearly total to 14.
The BMA approved four Restricted SPI insurers – Locke Tavern Re Ltd, Aquila Re I …

Bermudian-based Everest Reinsurance Ltd is to provide reinsurance underwriting capacity for Aspect Labs Ltd, a new insurer that is focused on writing hard to place small to mid-market property re/insu…

Billionaire Daniel S Loeb has signalled his intention to take Bermudian-headquartered global specialty re/insurer SiriusPoint Ltd private.
Mr Loeb is the CEO and founder of Third Point LLC, a New York…

Apex Group Ltd, the global financial services provider based in Bermuda, has announced the planned acquisition of various operating businesses of MJ Hudson Plc, the provider of services to the asset m…

The chief executive officer of Bermudian-based Bacardi Limited has been appointed to the board of directors of Capri Holdings Limited, the global fashion luxury group consisting of brands Versace, Jim…

After decades of helping clients to import items from overseas, shipping agent Mailboxes Unlimited is now adding retail to its repertoire.
Mailboxes has just gone live with an online retail store for …

Bermudian-based Resolute Global Partners, an investment adviser specialising in insurance and reinsurance, has announced the launch of Footprint, a new type of reinsurance contract created in collabor…

Bermuda General Agency, the food service distributor, has joined forces with e-commerce platform Pepper to revolutionise their business with the help of a cutting-edge mobile ordering solution.
In an …

The spectacular collapse of FTX Trading in the Bahamas could have never happened in Bermuda, the Premier told an international audience at the fourth annual International Tech Summit.
David Burt said:…

Bermuda must practise what it preaches when it seeks to attract new businesses to the island, a panellist told an international audience at the International Tech Summit.
Kevin Richards is the managin…

Arch Insurance, part of Bermudian-based Arch Capital Group Ltd, has acquired Thimble, the insurtech platform for small business customers and agents.
Thimble enables small businesses to quickly get in…

Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, is to be acquired by Brookfield Infrastructure in a $13.3 billion take-private transaction.
J…

One Communications has expanded its product range of Apple products in their newly designed, Church Street retail store, the company said in a statement.
One Comm previously just sold the popular ipho…

Emerging artificial intelligence technology such as ChatGPT could hold many benefits for society, but could also pose a threat to personal privacy, according to panellists at the International Tech Su…

Prices of cryptocurrency may be down from their all-time highs but the next bull run has already begun, a panellist told an audience at the fourth annual International Tech Summit at the Hamilton Prin…

Some Butterfield Bank customers remain in limbo with business workers complaining they still can’t get consistent access to their online accounts.
Commenters in different online forums took a swing at…

Sail Bermuda Charters, the luxury charter sailing company, has merged with Native Spirit Charters, and its owners Jono and Chiara Dill, continuing as Sail Bermuda Charters Ltd.
A statement from the co…

WASHINGTON (AP) — The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big Ameri…

An artificial intelligence chatbot is to be among the panellists at the International Tech Summit, which kicks off on Tuesday.
ChatGPT4, which was developed by OpenAI, will feature on the panel “AI Un…

The RG/BSX Index closed unchanged on Monday at 2,079.17 with no trading on the Bermuda Stock Exchange.
Overseas, the Bank of NT Butterfield & Son Ltd closed down 15 cents (0.58 per cent) at $25.75…

Island Boat Club is to open a second location in the East End on May 1.
Members will be able to depart from the current locale at Carolina Bay in Sandys, or from the new venue at Boat Port, St George’…

Butterfield Bank said today in a statement e-mailed to customers that the upgrade to banking systems over the long weekend had been completed successfully and Butterfield Online was ready for use imme…

Business leaders are facing unprecedented disruption and uncertainty, according to a consultancy survey.
The survey reports that nine out of ten organisations have reported multiple major disruptions….