Business

The future direction of Bermuda’s oldest funeral home is in question. If it is to fully re-open again has not yet been determined.
Decisions on next steps will be made in coming weeks, after almost no…

A year after the Bermuda-based programme management and legacy acquisition specialist Randall & Quilter Investment Holdings Ltd. agreed to be purchased by shareholder Brickell PC Insurance Holding…

Hudson Structured Capital Management and Breyer Capital have led a $12 million Series A fundraise for Forme Financial, which announced today that it has officially launched out of beta as Earned.
This…

Markel Corporation has appointed Richie Henry as chief operating officer, claims.
In his new role, Mr Henry will oversee all the North America claims operations including claims administration, data a…

Seadrill Limited, the Bermudian-based offshore drilling company, has reported an operating loss of $7 million for the fourth quarter of 2022.
That compares with an operating profit of $20 million in t…

Enstar Group Limited subsidiaries have closed a Loss Portfolio Transfer transaction with certain subsidiaries of QBE Insurance Group Limited on a diversified portfolio of business, covering Internatio…

Strategic Risk Solutions, the world’s largest independent insurance company manager, has appointed Ron Sulisz to the role of president of the global firm, effective May 15.
He will report to Brady You…

Bermudian-based holding company Assured Guaranty Ltd has entered into a wide-ranging agreement with Sound Point Capital Management LP, the US-headquartered alternative asset management firm, that it s…

Kin Interinsurance Network has secured a second reinsurance agreement with the newly established special purpose Bermuda insurer Hestia Re., that will cover indemnity-based losses resulting from signi…

Easter – a time for renewal, reflections on living, celebration of new life (such as the 18 cahow chicks born on Nonsuch Island), remembrances, and gratitude for community coming together during Covid…

Dear Dave,
I’m thinking more seriously about buying a home in the next year or so. It seems like the housing market has cooled off a bit, so I am also planning to get a secured credit card to help me …

A veteran kite maker has added some Bermudian flair to a Hamilton retailer in time for Good Friday.
Joe Bento, 69, has been making traditional Bermudian kites since his childhood.
In the early 1970s, …

BlockFi International, the Bermudian-based fintech firm, is suing a former client for more than $800,000 for what it claims is non-payment of a series of loans.
The proceedings against Druk Holding an…

Erin Cardoso’s handcrafted dog collar business, Cavello Bay Designs, grew out of a need to scratch an itch.
Her English bulldog Bella was prone to skin irritation that was exacerbated by typical dog c…

DeNexus Inc, the provider of second-generation cyber risk modeling for industrial organizations, global (re)insurers and investors in insurance-linked securities has launched Version 5.3 of its DeRISK…

One Communications, the telecommunications company, has donated Good Friday meals and Easter baskets to the Coalition for the Protection of Children.
One said the donation of a dozen fishcakes and hot…

David Burt, the Premier and Finance Minister, has reported he faced “intense political pressure” before FTX’s collapse because it was a Bahamas and not a Bermuda company.
Mr Burt was interviewed by a …

Bermudian entrepreneur Hayley Evans has an eye for a gap in the market.
The operator of Island Fresh – the meal box delivery company – is now the local agent for Scimitar Sports, the UK-based custom t…

The fourth annual International Tech Summit in Bermuda is an opportunity to build bridges, an event organiser said today.
Sean Stapley is a partner and head of ventures at Penrose Partners, the global…

The RG/BSX Index closed unchanged on Tuesday at 2,079.17.
Some 13,400 shares of BF&M Ltd changed hands for a turnover of $268,000 on the Bermuda Stock Exchange. The stock closed unchanged at $20.
…

The board of R&Q Insurance Holdings Ltd, the Bermudian-headquartered global non-life specialty insurer, is reviewing strategic options to separate its programme management business, Accredited, an…

An American insurance organisation has launched a new product with the support of two Bermudian-based companies.
Amwins Access, a nationwide binding and brokerage platform for small P&C and person…

Darag Group, the international legacy acquirer, has concluded an agreement between an undisclosed Cayman-based captive company and its Bermudian insurance carrier, Darag Bermuda Ltd.
The transaction s…

Vantage Group Holdings Ltd, the Bermudian-based re/insurer, has appointed Denise Watkins as head of excess casualty and Bermuda healthcare, pending immigration approval.
Ms Watkins will be based on th…

Bermudian-based Sompo International has expanded its operations in Switzerland with the granting of a Swiss insurance branch licence to write primary insurance by the Swiss Financial Market Supervisor…

Reinsurance buyers were unable to avoid the variable but universal price corrections driving rates up at the April 1 renewals, according to the latest 1st View renewals report from Gallagher Re, the g…

Terry Fray is celebrating a quarter-century as a business owner, thanks in part to some sage advice from his father.
Mr Fray enjoyed a career in the Royal Bermuda Regiment – and while serving, was gea…

Law firm Conyers has promoted David Stubbs to counsel in the Corporate department of the Bermuda office.
In addition, the firm announced new local senior associates, including Andrew Barnes, Alexis Ha…

Vendors seeking to participate in Harbour Nights from the beginning of the season now have until April 10 to apply.
The Bermuda Chamber of Commerce said it has pushed the application deadline back by …

Senior financial services executive Reeva Bakhshi has joined the leadership team of Bermudian-based Mosaic Insurance, as part of a strategic development of the specialty insurer’s corporate division.
…

Clarien Bank Limited is to expand its platform after signing an agreement to acquire Omnium Trust Company Limited and Omnium Corporate Services Limited, a boutique practice offering trust and corporat…

Bermudian-based Fortitude Re has closed two reinsurance transactions with leading Japanese life insurance companies.
Both block reinsurance deals, executed through one of Fortitude Re’s Bermudian-base…

James River Group Holdings Ltd, the insurance holding company based in Bermuda, has appointed Todd Sutherland as senior vice president of underwriting, management liability.
In a newly created role, M…

The pace of rapidly developing artificial intelligence will be transformative for a Bermudian’s effort to bring better healthcare to the world.
And the development of the CariGenetics Group, the Bermu…

In a filing with the Bermuda Stock Exchange, BF&M Limited advised of the appointment of Anthony Joaquin as group chairman of the board of directors of BF&M Limited.
Mr Joaquin has served on th…

Three young Bermudian lawyers have just joined Walkers Bermuda, as the firm announced the majority of their practising lawyers are now women.
Walkers said in a statement announcing the hires that it c…

Bermuda’s legislation governing digital asset businesses is to be amended to provide for a new class and to enhance the Bermuda Monetary Authority’s oversight of service providers.
The Digital Asset B…

Bermudian-domiciled Athora Holding Ltd, an insurance and reinsurance group focused on the European market, has reported a €488 million ($531 million) profit before tax for fiscal year 2022.
That is a …

Bermudian-based R&Q Insurance Holdings Ltd, the non-life global specialty insurance company focusing on programme management and legacy insurance businesses, has appointed Jeff Hayman as non-execu…

Athene Life Re Limited, the reinsurance subsidiary of Athene Holding Ltd., is continuing its support of the Bermuda public school system, donating laptops for use in Business Studies Encore Courses at…

In a filing with the Bermuda Stock Exchange, BF&M Limited advised of the appointment of Anthony Joaquin as group chairman of the board of directors of BF&M Limited.
Mr Joaquin has served on th…

Dear Dave,
I’m going to sell a rental property I own, and the sale should bring me about $388,000. Should I take the proceeds from the sale and use it to pay off my home and other debt or use the mone…

April is Financial Literacy Month in the United States. Bermuda has no such designation as yet. In my view, instead of a few articles only in April, there would be more value in making this Bermuda Fi…

The RG/BSX Index was down 108.38 points (5.21 per cent) for the week to 2,079.17, pulled down by the Bank of Butterfield, which closed at $27.75, down $2.25 (7.5 per cent).
Also down for the week was …

Yael Selfin, chief economist at KPMG in the UK, is to be the keynote speaker at the annual general meeting of the Bermuda Chamber of Commerce at the Hamilton Princess on April 20.
During the formal lu…

Caljonah Smith and Khiyara Krige have been promoted to counsel in the Bermuda office of international law firm Appleby.
Ms Smith works in the firm’s private client and trusts team, and Ms Krige is in …

Bermuda-based reinsurer Talcott Life Re, Ltd has received a financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent) from credit rating agency AM Best. Th…

CariGenetics, the world’s first Caribbean-focused and only solo Black female-founded genomics start-up company, has successfully raised $1.2 million with assistance from the Bermuda Investor Community…

A former top executive with Bermudian-based specialty re/insurer SiriusPoint Ltd has joined Corvus Insurance, the Boston-headquartered cyber underwriter, as president.
Prashanth Gangu is a seasoned ex…

Bermudian-based Axis Capital Holdings Limited has appointed Megan Watt as chief claims officer, effective April 17.
Ms Watt will be based in New York, and will report directly to Vince Tizzio, CEO Spe…