Business
Everest Insurance continues global expansion
Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has expanded its European presence with the opening of branch offices in Paris and Düsseldorf.
Both are branches of E…
Both are branches of E…
Hotelier bullish on the return of tourism
The Loren Hotel at Pink Beach in Tucker’s Town is preparing for an unusually busy autumn of occupancy, with management bullish on Bermuda’s future tourism success.
Tarryn Clark, the upbeat general man…
Tarryn Clark, the upbeat general man…
ILS panel: more discipline, patience needed in reinsurance
The reinsurance industry must develop more respect for its capital, a leading insurance executive told attendees at Convergence 2022, presented by ILS Bermuda.
Albert Benchimol, president and CEO of A…
Albert Benchimol, president and CEO of A…
Shawn Austin joins Everest Re Group
Industry veteran Shawn Austin is to join Bermudian-based Everest Re Group Ltd as Senior Vice President, Head of Accident and Health for North America, effective October 24.
He will be based in New Yor…
He will be based in New Yor…
RA has begun consultation over Belco billing policy
The Regulatory Authority of Bermuda, the island’s electronic sector watchdog, has invited feedback from the public and other interested parties concerning proposed retail tariff policies for two initi…
Preapproval process lets you know what you can afford
This is the second part of the series about the anatomy of a mortgage contract. In part one, we coved the basics – the various kinds of mortgages, legal ownership, and some of the process.
Readers, pl…
Readers, pl…
Best to be open with your employees about business sale
Dear Dave,
I am getting older, and health issues over the last year have made me begin thinking about selling my small business. I have spoken with a couple of potential buyers recently, and one of th…
I am getting older, and health issues over the last year have made me begin thinking about selling my small business. I have spoken with a couple of potential buyers recently, and one of th…
Quiet close to the BSX week
There was no activity on the Bermuda Stock Exchange on Friday, but the RG/BSX Index finished 51.40 points (2.11 per cent) higher for the week at 2,434.56.
The three issues trading – involving 2,060 sh…
The three issues trading – involving 2,060 sh…
Bermuda College students receive Athene scholarships
Seven Bermuda College students awarded 2022 Athene Scholarships for this fall, were recently acknowledged at a reception held by Athene Holding Ltd. and subsidiary Athene Life Re Ltd.
The Athene Schol…
The Athene Schol…
Catastrophe risk modelling focusing on storm intensity
The fundamental question that risk modellers ask has changed dramatically over the years, a speaker told attendees yesterday at Convergence 2022, presented by ILS Bermuda.
Jay Guin, executive vice-pre…
Jay Guin, executive vice-pre…
Butterfield price rises by $1.45
The RG/BSX Index remained unchanged at 2,434.56 in the absence of trading Thursday on the Bermuda Stock Exchange.
In New York, The Bank of N.T. Butterfield & Son Limited rose sharply by $1.45 (4.3…
In New York, The Bank of N.T. Butterfield & Son Limited rose sharply by $1.45 (4.3…
Coalition opens new Class 3B cyber reinsurer
Coalition, the San Francisco-headquartered provider of cyber insurance and security, has announced the formation of Ferian Re, an independent Bermudian-based Class 3B reinsurer that will provide capac…
SiriusPoint onboards new CFO
SiriusPoint Ltd, the global specialty re/insurer based in Bermuda, has appointed Steve Yendall as chief financial officer, effective October 31.
Mr Yendall, who has 25 years of re/insurance industry e…
Mr Yendall, who has 25 years of re/insurance industry e…
Butterfield share price up in New York trading
The RG/BSX Index moved 1.76 points (0.07 per cent) higher to 2,434.56 at the close, as West Hamilton Holdings Ltd. climbed $1.10 (18.6 per cent) to $7.00 on a volume of 1,500.
Meanwhile, The Bank of N…
Meanwhile, The Bank of N…
PwC report details surge in demand for ESG funds
Asset managers globally are expected to increase their ESG-related assets under management to $33.9 trillion by 2026, up 84 per cent from $18.4 trillion in 2021, a new report by professional services …
Resolution Life and Blackstone in bold move forward
A Bermudian-regulated global life insurance group has formed a strategic partnership with the world’s largest alternative asset manager.
Resolution Life and Blackstone said the partnership will suppor…
Resolution Life and Blackstone said the partnership will suppor…
Tech Summit important to Bermuda’s technology goals
An annual technology summit is growing in its importance to Bermuda’s ambitions in the technology sector and strengthening her place as a centre for blockchain and fintech, a leading technology and in…
Bittrex Global not related to company being sanctioned in US
Cryptocurrency exchange Bittrex Global, billed as the most secure digital asset exchange in the world, has taken steps to distance itself from an American company with a similar name that has run afou…
Futurist Sinead Bovell to speak at Tech Week
Leaders must embrace rapid technological change to capitalise on the opportunities it will present, a futurist has said.
Sinead Bovell, who is to be a featured speaker at Bermuda Tech Week this month,…
Sinead Bovell, who is to be a featured speaker at Bermuda Tech Week this month,…
Life business is driving towards a $1 trillion in AUM
A market discussion on the state of Bermuda’s life and annuity sector shows that assets under management have been barrelling towards $1 trillion.
A Bermuda lawyer closely allied with the industry bel…
A Bermuda lawyer closely allied with the industry bel…
Bank stock down at the close
The RG/BSX rose 9.41 (0.39 per cent) to 2,432.80, driven higher by trading in a single transportation stock.
Bermuda Aviation Services Ltd rose $1.70 (161.9 per cent) to close at $2.75 on trading of 3…
Bermuda Aviation Services Ltd rose $1.70 (161.9 per cent) to close at $2.75 on trading of 3…
Lancashire Insurance Group staffs up
Bermudian-based Lancashire Insurance Group, the global specialty re/insurer, has welcomed ten new staff members.
Angus Roberts has joined as head of airline, Francis Lobo has been appointed head of en…
Angus Roberts has joined as head of airline, Francis Lobo has been appointed head of en…
Lloyd’s restoring network after ‘unusual activity’
Lloyd’s is restoring network services after taking some systems offline in the wake of unusual activity on its network.
In a statement on its website, Lloyd’s said: “Last week, unusual activity was de…
In a statement on its website, Lloyd’s said: “Last week, unusual activity was de…
Andrew Carrier named CEO of Lloyd’s re/insurer
Former Bermuda market veteran Andrew Carrier has been appointed chief executive officer of MS Amlin Underwriting Limited, the Lloyd’s re/insurer.
Mr Carrier, currently MS AUL’s chief underwriting offi…
Mr Carrier, currently MS AUL’s chief underwriting offi…
Diamond Standard opens trading of coins
An American organisation with operations in Bermuda has announced the launch of the Diamond Standard Spot Market, enabling free and instant trading of Diamond Standard Coins.
The move comes after Diam…
The move comes after Diam…
ILS industry meet in Bermuda this week
Key participants in the alternative reinsurance, convergence and insurance-linked securities marketplace come together this week for networking and education sessions at Convergence 2022
ILS Bermuda o…
ILS Bermuda o…
Bank stock on the rise
The RG/BSX Index rose 40.22 (1.69 per cent) to 2,423.39, spurred by the advance of the only issue trading on the Bermuda Stock Exchange for the day, Bank of N.T. Butterfield Ltd., which rose 75 cents …
Bacardi employees in high spirits on job satisfaction
The Bermudian-based global headquarters of family-owned Bacardi Limited has been certified as a “Great Place to Work” in its first year of participation in the global workplace culture programme.
Baca…
Baca…
Bank sector Q2 net income up 36.6% to $86.3m
Bermuda’s banking sector recorded net after-tax income of $86.3 million in the second quarter of the year, the Bermuda Monetary Authority has reported.
The BMA, in its quarterly banking digest, said t…
The BMA, in its quarterly banking digest, said t…
Consilium signs up top talent
Consilium, the international re/insurance broker, has announced that six leading financial lines specialists are joining the organisation from Ed Broking.
The company said the individuals involved are…
The company said the individuals involved are…
Bermuda lawyers try on triathlon for The Family Centre
Bermuda lawyers taking on Dame Flora in the international triathlon?
Carey Olsen Bermuda will be competing in the International Triathlon Union’s 2022 World Triathlon Series Championships in Bermuda t…
Carey Olsen Bermuda will be competing in the International Triathlon Union’s 2022 World Triathlon Series Championships in Bermuda t…
DeNexus releases DeRISK 5.0 Platform
DeNexus, the provider of next-generation cyber-risk modelling for industrial organisations, reinsurers and investors in insurance-linked securities, has taken it to another level.
The company opened i…
The company opened i…
Bahamas downgraded by Moody’s Investors Service
For the second time in little more than a year, Moody’s Investors Service has downgraded the rating for the Government of The Bahamas, this time because of a higher degree of government liquidity risk…
KBRA maintains strong ratings for Bermuda
Bermuda’s $22 million revenue loss in aircraft registry receipts as a result of the withdrawal of Russian aircraft certification business, can be covered by better than expected tourism receipts, a ra…
What tribunal disclosures can teach us about healthy labour relations
A healthy relationship between employees and employers – with all parties understanding and living up to their obligations – is fundamental to our economy. Looking at the details of some employment d…
Think carefully before you quit job to start a business
Dear Dave,
My wife and I are in our late twenties, and we have a full emergency fund saved up. Our only debt is our home. We have talked about having a child some time next year, but I am on the road …
My wife and I are in our late twenties, and we have a full emergency fund saved up. Our only debt is our home. We have talked about having a child some time next year, but I am on the road …
Bank stock stumbles on NYSE
The RG/BSX Index moved 163.29 (6.85 per cent) higher closing the week at 2,383.17, pushed up by two advancers on the Bermuda Stock Exchange.
Bank of N.T. Butterfield Ltd. closed up $2.90 (9.6 per cent…
Bank of N.T. Butterfield Ltd. closed up $2.90 (9.6 per cent…
BDA targets Asian market in Singapore meetings
Fresh off an overseas business development mission in Toronto, the Bermuda Business Development Agency is back on the road to Egypt this fall, but first to Singapore this week to meet with strategic p…