Business
Designer Dana Cooper adds a luxury winter scarf to her line-up
Dana Cooper is a Bermudian designer best known for beachwear.
But this month, as the temperature plummeted into the chilly 50s, she has launched a line of items to keep you warm — luxury cashmere scar…
But this month, as the temperature plummeted into the chilly 50s, she has launched a line of items to keep you warm — luxury cashmere scar…
John Hendrickson is new CEO of Concert Group Holdings
Concert Group Holdings Inc has appointed John Hendrickson as chief executive officer.
Mr Hendrickson, who will take up his new position on January 1, succeeds Jonathan Reiss, who assumed the role of C…
Mr Hendrickson, who will take up his new position on January 1, succeeds Jonathan Reiss, who assumed the role of C…
Bermuda reinsurer given excellent credit ratings
AM Best has assigned the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) to Bermudian-based Legal & General Reinsurance Company No. 2 Limited.
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Evertas closes Series A financing round
Evertas, the American crypto asset insurer with an island-based subsidiary licensed by the Bermuda Monetary Authority, has successfully closed a series A financing round that raised $14 million.
In ad…
In ad…
India licence comes through for Global Cloud Xchange
Bermudian-based Global Cloud Xchange, the network service provider powering global connectivity for new media providers, telecom carriers and enterprises, has been awarded its international long dista…
Acrisure unveils insurance leadership team
Acrisure, a fast-growing fintech leader that operates a top-ten global insurance broker and the largest independent real estate services company in America, has announced the members of its insurance …
Dissident Argo shareholders withdraw board nominees
Argo Group International Holdings, Ltd. has confirmed that a dissident investor has withdrawn its nomination of candidates Ronald Bobman and David Michelson for board seats in the Bermuda headquartere…
Michael Hanson succeeds Stephen Weinstein as BDA chair
Lawyer Michael Hanson has been unanimously elected as the new chairman of the board of the Bermuda Business Development Agency.
Mr Hanson, the managing partner of Carey Olsen Bermuda, succeeds Stephen…
Mr Hanson, the managing partner of Carey Olsen Bermuda, succeeds Stephen…
Gibbons Company optimistic about ‘challenging’ 2023
Heading into the softer months, high manufacturing and shipping costs together with untimely arrivals, will continue to plague one of the island’s flagship retailers.
Depressed tourism numbers will fu…
Depressed tourism numbers will fu…
Om Juicery relocates to Aquarium café
After four years on Elliott Street in Hamilton, OM Juicery is moving and evolving.
In the new year, owner, Preston Ephraim, will reopen in the café at the Bermuda Aquarium, Museum & Zoo in Flatts,…
In the new year, owner, Preston Ephraim, will reopen in the café at the Bermuda Aquarium, Museum & Zoo in Flatts,…
Butterfield finished higher on the NYSE
The RG/BSX Index fell 26.82 (1.11 per cent) to 2,392.40 on Monday, dragged down by Bank of N.T. Butterfield Ltd. which closed down 50 cents (1.50 per cent) at $33.50, after 1,000 shares traded on the …
Bermuda digital bank launches USD stablecoin
Jewel, Bermuda’s new digital bank for global digital asset institutions, has partnered with blockchain development ecosystem, Polygon, to issue its Jewel USD stablecoin, Asset Servicing Times has repo…
Abic AGM as Richard Winchell retires
The Association of Bermuda International Companies completed its 2022 Annual General Meeting at O’Hara House, with Wayne Smith taking over as the new executive director from the retiring Richard Winch…
Moody’s affirms ratings for Aspen Insurance
The moves to reduce the risk profile, improve earnings and reinforce capital adequacy has factored in the decision of Moody’s Investors Service to affirm the A3 financial strength ratings of the insur…
Apex launches more services in Nordics
Felix Edgren has been named Apex Group Ltd. regional head of corporate product – Nordics, effective today.
Based in Sweden and reporting to HP van Asselt, global head of corporate products & growt…
Based in Sweden and reporting to HP van Asselt, global head of corporate products & growt…
Higher payroll tax proposed for exempt companies
There has been silence so far from business as companies determine how they would be affected by government proposals that represent a radical departure in Bermuda’s corporate tax structure.
The packa…
The packa…
Car dealer navigates inventory shortage
Vehicle sales in Bermuda were down by more than 20 per cent in August year over year, but it’s not a shortage of buyers that is the issue — it’s a shortage of cars.
The August Retail Sales Index repor…
The August Retail Sales Index repor…
Court of Appeal to entertain final submissions in Credit Suisse case
After five days of hearings last week, the Court of Appeals will entertain final written submissions in an appeal of a lawsuit that saw a unit of Credit Suisse end up on the wrong side of a $600 milli…
Axis $100m share repurchase authorised
The board of directors of Bermudian-based Axis Capital Holdings Limited has authorised the repurchase of up to $100 million of the company’s common shares.
The company said the repurchases may be effe…
The company said the repurchases may be effe…
Assured Guaranty moves on from Puerto Rico infrastructure exposure
Two bond insurance subsidiaries of Assured Guaranty Ltd. have resolved their exposure to bonds, as the Puerto Rico Highways and Transportation Authority exited from bankruptcy last week.
On December 6…
On December 6…
Abir CEO in Florida NAIC meetings
The Association of Bermuda Insurers and Reinsurers CEO John Huff is in Tampa Florida this week for the National Association of Insurance Commissioners Fall National Meeting.
Mr Huff is a past presiden…
Mr Huff is a past presiden…
Court of Appeals to entertain final submissions in Credit Suisse case
After five days of hearings last week, the Court of Appeals will entertain final written submissions in an appeal of a closely watched law suit that saw a unit of global investment bank Credit Suisse …
MPs have high praise for the Bermuda Monetary Authority
The Bermuda Monetary Authority was praised as a world class financial authority by MPs in the House of Assembly on Friday.
The plaudits came after legislators passed a Bill to create a new class of in…
The plaudits came after legislators passed a Bill to create a new class of in…
As costs rise, are you considering a side hustle?
Recent grocery advertisements, along with comments on social media, continue to expose the now staggering cost of basic foodstuffs, shipping, fuel and utilities.
How are you coping, readers? How is a…
How are you coping, readers? How is a…
Your father is a travel agent for guilt trips
Dear Dave,
My dad and his wife asked my husband and I for $55,000. They want the money so they can pay off their debt. We’re debt-free and have a net worth of between $2 to 3 million, but we’re also …
My dad and his wife asked my husband and I for $55,000. They want the money so they can pay off their debt. We’re debt-free and have a net worth of between $2 to 3 million, but we’re also …
Bank share price falls 22 cents
A big move in Argus Insurance was the only activity moving the RG/BSX Index for the week, as nearly a quarter of a million dollars worth of Argus shares changed hands.
By the time the Bermuda Stock Ex…
By the time the Bermuda Stock Ex…
Argus continues support for those with asthma or COPD
The Argus Group has announced continued support of the Open Airways’ Spacer Programme with a donation of $8,360.
This is the fourth year Argus has supported the charity’s pledge to distribute at least…
This is the fourth year Argus has supported the charity’s pledge to distribute at least…
Appleby’s role in African cover against epidemic risks
Appleby Bermuda has advised Arc Ltd, a longstanding client, on its first parametric insurance product against high-impact epidemic risks.
The product will provide parametric insurance to African Union…
The product will provide parametric insurance to African Union…
Swiss move for US food company
Bunge Limited, the American agribusiness and food company, has announced that its board of directors has unanimously approved moving its place of incorporation from Bermuda to Switzerland.
Under the p…
Under the p…
Triton raises share repurchase limit to $400 million
The board of directors of Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has approved an increase in the size of the company’s existing shar…
Axis $100 million share repurchase authorised
The board of directors of Bermudian-based Axis Capital Holdings Limited has authorised the repurchase of up to $100 million of the company’s common shares.
The company said the repurchases may be effe…
The company said the repurchases may be effe…
Osheah Douglas’s sweet, but not too sweet, dreams
After winning $5,000 in the BEDC’s Rocket Pitch competition, middle-schooler Osheah Douglas is one step closer to forming her own business, Smart Snaxx.
The 11-year-old won the Youth category of the c…
The 11-year-old won the Youth category of the c…
Bank stock higher on the NYSE
The RG/BSX Index remained unchanged at 2,419.21 on Thursday.
The price of Argus Group Holdings Ltd was unchanged at $5.67, as 48 shares were traded on the Bermuda Stock Exchange.
Butterfield Bank rose…
The price of Argus Group Holdings Ltd was unchanged at $5.67, as 48 shares were traded on the Bermuda Stock Exchange.
Butterfield Bank rose…
Butterfield wins top bank award for 10th year in a row
For the tenth year in a row, Butterfield has been named Bank of the Year 2022 in Bermuda by The Banker, an international financial affairs publication.
The Banker, owned by the Financial Times, ha…
Rob Gibbs joins SiriusPoint
SiriusPoint Ltd, the global specialty re/insurer based in Bermuda, has appointed Rob Gibbs as president of its international business and to CEO of SiriusPoint International Insurance Corporation.
Bas…
Bas…
Brit Re maintains excellent credit ratings
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Brit Reinsurance (Bermuda) Limited.
The outlook of these credit ratings…
The outlook of these credit ratings…