Business

Dear Sir,
As a financial professional who has worked in Bermuda, the Cayman Islands and the British Virgin Islands, inter alia, since the increased anti-money laundering and antiterrorism financing la…

MS Reinsurance, the Swiss global reinsurer with underwriting offices in Bermuda and three other cities, intends to innovate the business by enhancing operations.
To do that the company is appointing f…

Lawyers at Carey Olsen’s Bermuda office are among 20 in three of the firm’s locations (British Virgin Islands and Cayman Islands) who have received individual recognition in the latest edition of the …

The Regulatory Authority of Bermuda issued a statement in an attempt to make it clear that environmental emissions do not come under their purview.
The authority referred to “recent public assertions”…

The Bermuda chapter of ISACA will be host a panel discussion on privacy and data protection entitled Privacy in Bermuda and Beyond: Are We Ready for PIPA?

The event will beheld at the organisation’s …

Inspired, a hub being built to inspire and empower entrepreneurs, is launching membership Thursday, after opening the new Social Media Basics Bootcamp, today.
The bootcamp offers support and resources…

International business has warned government that cost increases announced in the budget could have damaging “repercussions” for investment in Bermuda.
Christopher Schaper, deputy chairman of the Ass…

BF&M Limited has launched the BF&M Postgraduate John Wight Scholarship, in honour of former chairman and CEO, John Wight.
Abigail Clifford, group president and CEO said: “At BF&M, we belie…

YouTube “professionals” are a growing headache for veteran hair stylist Yvonne Amelia Heath.
She manages Seven Perfection in Hair and Beauty Salon at 12 Court Street, with owner Christine Downer. The …

A new government report reflects a Bermuda economy, struggling to shake off decades of tourism decline and the more recent global pandemic, saved only through the broadening growth of international bu…

A Government plan to remove restrictions on the purchasers of properties in Hamilton that are part of approved residential schemes has received the backing of a leading realtor.
David Burt, the Premie…

Bermudian-based Golden Ocean Group Limited will soon become the world’s largest publicly-listed dry bulk company in terms of deadweight tonnage.
The company has entered into an agreement to acquire si…

Bermudian-based insurer Enstar Group Limited has announced that its wholly-owned subsidiaries have reached an agreement for a ground-up loss portfolio transfer with certain subsidiaries of QBE Insuran…

Biomass energy provider Veritas Group Limited has appointed a new management team, the company has said in a filing with the Bermuda Stock Exchange.
The team includes Alfred Minors as CFO, based in th…

All work has dignity. Why do we work? Our lives revolve around it.
Work is a necessity, an integral part of who we are, what we do, how we define ourselves, respect ourselves, complete our identity, …

Online scammers have become so sneaky lately that it’s not just your elderly grandparents at risk – boomers, millennials and even Gen Z-ers can get taken advantage of if they’re not careful.
That’s b…

The RG/BSX Index finished 214.53 (8.40 per cent) higher to 2,553.74 at week’s end, boosted by Bank of N.T. Butterfield Ltd., which closed up $4 (12.3 per cent) at $36.50 on trading of 7,104 shares on …

The Association of Bermuda International Companies sponsored a two day professional development seminar on international business for educators.
Ministry of Education officials and 15 teachers took pa…

As an architect Jonathan Castro is always saying to his clients “what if we do this …” or “what if we do that …”.
So when he decided to rebrand his firm, Cooper Gardner, earlier this year, he called i…

AM Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb+” (Good) of Bermudian-based Black Gold Re Limited, the captive reinsurer of Ecopetrol S…

International law firms MJM, Appleby and Conyers have been recognised by the 2023 Chambers Global Legal Guide.
Appleby was ranked in Band 1, the highest tier, in corporate and finance, dispute resolut…

The RG/BSX Index climbed 107.26 (4.38 per cent) to 2,553.74, driven by a two dollar rise (5.8 per cent) in the Bank of N.T. Butterfield Ltd. share price on the Bermuda Stock Exchange, when the bank st…

PartnerRe, the Bermudian-based global reinsurer, along with Illinois-headquartered Euclid Program Managers and Euclid Security Programs LLC have announced the carrier partnership for a security indust…

Clarien Bank will be adjusting its Bermuda dollar base lending rate, for the fourth time since last April.
Effective March 1, they will be adjusting their Bermuda dollar base lending rate by 50 basis …

Palomar Holdings Inc, the parent company of island-based Palomar Specialty Reinsurance Company Bermuda Ltd, has reported net income of $52.2 million for fiscal year 2022 (2021: $45.8 million).
In the …

Ratings agency AM Best is to host a market briefing in Bermuda to discuss key trends and factors facing the re/insurance industry.
The briefing will be held at March 7 at the Hamilton Princess & B…

The Bermuda Monetary Authority confirmed the registration of four insurers in January.
The BMA registered two Class 1 insurers – HFCI Ltd and Light Speed Insurance Corporation Ltd – along with Berking…

A popular clothing retailer in Bermuda is set to go international.
The Authentic Bermuda Shorts shop, commonly referred to as TABS, is to open a boutique in the Cayman Islands.
Located in the heart of…

The year ahead will bring a rise in global mergers and acquisitions, with ESG, portfolio optimisation and digitalisation remaining strategic priorities, a new PwC report has forecast.

PwC 2023 Glo…

Triton International Ltd. has reported fourth-quarter net income attributable to common shareholders of $152.2 million and a full year profit of $694.8 million.
Triton International Limited is a leasi…

Applications are being accepted for a social media and marketing internship programme for students that will run for six weeks this summer.
SkillCraft is presented by Rise Marketing Ltd under the guid…

Strategic human resources executive Claire Eeles has been appointed as chief people officer and a member of the leadership team at Mosaic Insurance, the Bermudian-based specialty insurer.
She will be …

Axis Capital Holdings Limited, the global specialty re/insurer based in Bermuda, has announced its commitment to a 50 per cent absolute reduction of Scope 1 and 2 greenhouse gas emissions by 2030 acro…

Bermudian-based Cool Company Ltd, the liquefied natural gas shipping company, has filed a registration statement with the US Securities and Exchange Commission, with the intention of directly listing …

After a two-year pandemic pause, the Bermuda Fudge Company is back with a new weapon in their sales arsenal: chocolate amphibians.
The chocolate tree frogs, complete with a box that chirps like the re…

The Bermuda Economic Development Corporation is calling their first EEZ small business expo in Sandys, a “resounding success”.
“I’m thrilled with the turnout and energy of this year’s Small Business E…

The Royal Gazette/BSX Index rose 107.26 points (4.59 per cent) on Tuesday to close on 2,446.47.
This was driven by 2,796 NT Butterfield & Son shares changing hands, to close at $34.50, up 6.2 per …

Randall Krebs of Harbour International Trust Company Limited, has been named as one of the Top 20 Trustees 2023, by Citywealth, a magazine for private wealth management professionals.

Citywealth’s…

Nabors Industries Ltd, the Bermudian-based energy driller, has entered into a business combination agreement between the special purpose acquisition company that it formed in 2021, Nabors Energy Trans…

Bermudian-based Aspen Insurance Holdings Limited has appointed Yasmin Saleh as head of corporate communications.
Ms Saleh joins Aspen after 15 years with Aviva, during which she served in various seni…

David Burt, the Premier and Minister of Finance, is among five panellists who will engage in discussion at the annual Budget Breakfast hosted by the Bermuda Chamber of Commerce.
The event takes place …

Bermudian-based re/insurer Arch Capital Group Ltd has reported net income available to Arch common shareholders of $849.5 million for the fourth quarter of 2022.
That result, a 29.5 per cent annualise…

Daniel Plants, the activist shareholder who secured a place on the board of directors of Argo Group International Holdings Ltd, has stepped down from the post.
Mr Plants, who was chairman of Argo’s st…

Canopius Group, the global specialty reinsurer, has appointed Mike Butler as head of management and professional lines, Bermuda.
He will report to Laurie Banez, head of casualty and head of management…

The Bank of NT Butterfield & Son Limited has reported net income of $214 million for fiscal year 2022, as rising interest rates boosted profits.
The bank’s net income is compared to their 2021 pro…

The RG/BSX Index closed on Monday unchanged at 2,339.21 after a day of no trading on the Bermuda Stock Exchange.
Overseas, the Bank of N T Butterfield & Son Ltd closed up 75 cents (2.33 per cent) …

The Bermuda Economic Development Corporation is to offer an eight-week course aimed at helping individuals understand the basics of reviewing and understanding financial statements.
Financial Statemen…

The Bermuda Chamber of Commerce is to offer a series of lunch and learn opportunities designed to improve leadership skills and equip individuals with the behaviours needed to succeed in today’s hybri…

Bermuda Yellow Pages, the marketing and advertising agency, has entered into a customised branding deal with Whip E-Scooters.
The agency is providing its marketing and advertising expertise to Whip in…

Representatives of private industry and the Bermuda Government are in Mexico this week as part of a business development mission organised by the Bermuda Business Development Agency.
The BDA said the …