Business

The Bermuda Monetary Authority has cancelled the registration of HBC Management Limited.
The BMA said HBC was registered as a non-licensed person on November 20, 2019 under the provisions of section 1…

Captive insurers are beginning to play a vital role in closing the climate risk-related protection gap, a new report by the Bermuda Monetary Authority reveals.
The BMA Captive Report 2021 is based on …

The RG/BSX Index rose 26.82 points (1.14 per cent) to 2,383.44, moved higher by the Bank of N.T. Butterfield Ltd. which rose 50 cents (1.5 per cent) to $33.00 after 1,170 shares changed hands on the B…

MS Reinsurance, the global reinsurer, has appointed Marlin Ramlal as senior underwriter, property.
Based in Bermuda, Ms Ramlal will join MS Reinsurance next Monday and will report to Andrew Shaw, lead…

The Bermuda Business Development Agency’s second annual Bermuda Risk Summit is to be staged in March, with two headline sponsors already on board.
Themed ‘Innovation, Sustainability and Collaboration’…

The European Union Court of Justice has today struck down an European Union mandate for public registers of beneficial ownership of all companies.
In a strong affirmation of the position taken by Berm…

Retired lawyer Lawrence Michael Murphy has added another string to his bow.
Mr Murphy, AIG’s general legal counsel in Bermuda for 32 years and adviser to the Bermuda Government on the insurance indust…

Markel has named Jessica Cardoso as the new head of office for Markel Bermuda Limited in addition to her current role as senior director, head of Bermuda Errors and Omissions.
As head of office for Ma…

Two of Bermuda’s iconic and historic brands have come together to create a new fragrance, Island Rose.
The Hamilton Princess & Beach Club has collaborated with master perfumer Isabelle Ramsay-Brac…

International specialty insurer and reinsurer, Axis Specialty Limited has provided a $15,000 donation to the educational nonprofit, Peak Potential Bermuda, for Scholars Bermuda, a learning centre that…

The RG/BSX Index remained unchanged at 2,356.63, after no activity on the Bermuda Stock Exchange.
Meanwhile, The Bank of N.T. Butterfield & Son Limited was up 33 cents (1.00 per cent) at $33.32 at…

About 30 Ascot Bermuda Limited staff stepped away from their desks to give another corporate lift to the Globe Museum, which is part of the Outstanding Universal Value of the Unesco Site.
It was in s…

Arch Insurance International has appointed Sam Bradley as senior cyber underwriter, effective immediately.
Mr Bradley joins a growing cyber team and will support the continued development of the inter…

Relm Insurance Ltd, the Bermudian-based specialty insurance carrier serving emerging industries, has inked a strategic partnership with cyber-risk analytics firm CyberCube to bolster its cyber underwr…

The island’s private wealth industry professionals have been returning from Lake Como, Italy where they were promoting Bermuda as a premier domicile for high-net-worth services to the world’s private…

In his hit song Part II (On The Run), rapper Jay-Z sings about how he is “Chucking deuces, chugging D’Ussé“.
But these days the richest rap artist in the world could be doing more choking than chuggin…

When Norwegian insurance executive Rolf Roppestad came to Bermuda for business meetings this month, he had a special request.
He wanted to meet his childhood hero, Bermudian footballer, Clyde Best, w…

Former US Ambassador to Ukraine and New York Times bestseller, Marie Yovanovitch, was at the top of the bill at the recent Women, Influence & Power in Law 2022 conference in Washington DC, attende…

Residents of the central parishes with a hankering for Indian or Chinese food will soon be able to have their order delivered by Food Hub.
The organisation said its Angle Street, Hamilton location wil…

Deep-pocketed football supporters are being flown to the World Cup using a private jet company registered in Bermuda.
RoyalJet, an award-winning provider of premium private aviation, is in partnership…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of Bermudian-based Somers Re Ltd and its subsidiaries.
They include Wat…

We covered great detail in the first three parts of “The Anatomy of A Mortgage Contract” series.

Part one: mortgage description overview is composed of two contracts, a deed and a mortgage, kinds…

Dear Dave,
I lost my job a couple of years ago. As a result, I ended up in about $25,000 of debt through credit cards and a consolidation loan. Now I have a great job making more than I’ve ever made b…

The RG/BSX Index remained unchanged on Friday as it rose 24.25 points (1.02 per cent) for the week to close at 2,356.63.
This, even though LOM Financial Limited fell 35 cents (6.4 per cent) to $5.15 o…

Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has appointed Michael Pearl as chief financial officer, effective January 1.
He currently ser…

Build America Mutual, the only mutual US municipal-only bond insurer, has completed a $150 million, fully collateralised reinsurance agreement with Fidus Re Ltd, the Bermudian-based restricted special…

Athene Holding Ltd, the Bermudian-based financial services company, has agreed to sell $400 million of 6.650 per cent senior unsecured notes due 2033.
The offering is due to close Monday, subject to s…

Fleming Insurance Holdings, the Bermuda-based class 3A company, has signed a reinsurance agreement to transfer certain casualty risks of Conifer Holdings and its affiliated companies.
Conifer, a spec…

Local mother, entrepreneur and inventor Antonia Holder — the founder of a new child-centred brand, Kids Digital Wellness — today announced the launch of an innovative ergonomically designed product to…

Competition and rising costs have put pressure on margins for the Bermuda Aviation Services Group, the company has reported.
The owner of BASFM, Otis, Weir Enterprises and Eastbourne Properties Limite…

The RG/BSX index closed unchanged at 2,356.63 with no trading on the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited finished down 11 cents (0.33 per cent) at $33.20…

Local mother, entrepreneur and inventor, Antonia Holder – the founder of a new child-centred brand, Kids Digital Wellness – today announced the launch of an innovative ergonomically designed product t…

AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of Bermudian-based Orion Reinsurance Ltd.
The outlook of these credit ratings is…

Borr Drilling Limited, the Bermudian-based oilfield services company, has reported a net loss of $54.9 million in the third quarter of the year, a decrease in loss of $110.4 million compared to the se…

Wasef Jabsheh, chairman and CEO of Bermudian-based International General Insurance Holdings Ltd, the international specialty risks commercial re/insurer, was scheduled to lead IGI in ringing the closi…

Bermudian-based Höegh LNG Partners LP, the floating liquefied natural gas service provider, has reported net income of $16.6 million for the third quarter of the year.
That compares with net income of…

Digicel Business Bermuda has made donations to two local charities – Vision Bermuda and Open Airways.
The company said the money was raised as a result of various fundraising activities that took plac…

An idea to combine the Government’s emphasis on vertical farming with the future of Bermuda’s cash-strapped football clubs has been hailed by an international football legend.
A 40-person thought lead…

Laura Smith-Mayne and husband Chris Mayne, of Furniture Walk in Paget, always talked about opening a mattress store in Hamilton.
“We have a presence on 12 Harvey Road, Paget, but it is very much a wa…

Everest Re Group Ltd has appointed global financial services veteran Hazel McNeilage as an independent, non-executive member of its board of directors.
“Hazel’s extensive global business experience an…

Bermuda’s fragile economic state is reflected in the latest consolidated financial statements released by Polaris Holding Company Limited, the organisation said.
In a filing with the Bermuda Stock Exc…

The Bermuda Economic Development Corporation is to host “Building Block One”, an introduction to business co-operatives workshop.
Facilitated by Rebecca Savoie, an international co-op ecosystem and bu…

The Bermuda Economic Development Corporation last night awarded $42,000 to 12 local winners of its annual Rocket Pitch competition.
Six first place contestants won $5,000 each for their business pitch…