Business | Bermuda News Updates

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Apex expands compliance service to US markets

October 5, 2022

Global financial services provider Apex Group Ltd. announced the expansion of its global compliance solutions designed for US investment advisers.
This follows the Apex launch of the service in the Si…

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BF&M responds to excellent rating

October 5, 2022

New BF&M Limited group president and CEO, Abigail Clifford has reacted to the confirmation of the Bermuda insurer’s “A” financial strength rating, by rating agency AM Best.

The rating agency a…

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Rapid growth at Walkers Bermuda

October 5, 2022

Walkers, the international law firm, has increased its Bermuda headcount by 25 per cent in the last 12 months, it said in a press release Wednesday.
The firm said the rapid expansion was required to m…

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Bermuda Stock Exchange / Business

AM Best affirms “A” financial strength rating of BF&M Group rated companies

October 5, 2022

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Mikado Burchall gets your devices talking

October 5, 2022

One day tech wizard Mikado Burchall noticed he had a lot of electronic devices in his home, such as security cameras, light switches and rolling storm shutters, but none of them talked to one another….

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Arbitrators to meet in Miami

October 4, 2022

John Wasty, Partner and Head of Appleby Bermuda’s Dispute Resolution practice, will speak at The Chartered Institute of Arbitrators’ first-ever Americas Conference Friday in Miami, Florida.
CIArb is a…

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How much should Belco pay you for electricity?

October 4, 2022

The Regulatory Authority is inviting comment on proposed methodologies under consideration for calculating the feed-in tariff.
The FIT is the predetermined rate at which renewable energy is purchased …

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Golden Ocean’s $100m share buyback

October 4, 2022

The board of directors of Golden Ocean Group Limited has authorised a share buyback programme of a maximum $100 million, to purchase up to an aggregate of 10,000,000 of the company’s common shares for…

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Bank share prices finishes higher

October 4, 2022

The RG/BSX Index rose 24.13 (1.03 per cent) to close at 2,375.41 as one issue traded on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield Ltd. closed at $33.00, up 45 cents (1.4 per cent) after…

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Monument Re announces merger

October 4, 2022

AME Life Lux S A will merge into Monument Assurance Luxembourg SA following receipt of regulatory approval from the Commissariat aux Assurances in Luxembourg.
Bermudian-domiciled Monument Re Limited …

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Bermuda Stock Exchange / Business

Argus Group Holdings Limited (the “Company”): Share Repurchases for the month of September 2022

October 4, 2022

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Bermuda removed from EU grey list

October 4, 2022

Bermuda was formally removed from the grey list by the Council of the European Union today, as it added Anguilla, The Bahamas and Turks and Caicos Islands to the black list.
The Council said in a stat…

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SEC and Ontario regulator accuse Arbitrade of fraud

October 4, 2022

The man who brought Arbitrade to Bermuda is fighting two new legal challenges, both filed against him and his company and associates last week in two separate jurisdictions.
The Securities and Exchang…

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Climate activist attack on Bermuda’s Everen

October 4, 2022

A half-century-old Bermuda insurer, set up in the 1970s to finance the risks of the world’s oil companies, today faces criticism from climate activists for its backing of the most controversial new oi…

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Dramatic fall in container shipping rates

October 4, 2022

There appears to be some relief in sight for importers and eventually consumers, as there are signs that the costs of containers across major shipping routes are plunging, The Economist is reporting.
…

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Business / News / Royal Gazette / Royal Gazette

Bank shares buoyed

October 3, 2022

The RG/BSX Index jumped 131.40 (5.92 per cent) to close at 2,351.27, as one issue traded on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield Ltd. rose $2.45 (8.1 per cent) to $32.55 on BSX tra…

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AltFi Capital launches Professional Class B fund

October 3, 2022

AltFi Capital Management Ltd. has launched AltFi Capital Opportunities Ltd., a Bermuda Professional Class B fund.
Founded and based in Bermuda, AltFi is an alternative investment manager with a speci…

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Bermuda Stock Exchange / Business

Admission to Listing Announcement: – Zeno Capital Limited – Ordinary Shares

October 3, 2022

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Bermuda Stock Exchange / Business

HSBC HOLDINGS PLC – Notification of Transactions by Persons Discharging Managerial Responsibilities (“PDMRs”)

October 3, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement:- Radnor Re 2022-1 Ltd – Rule 144A Class B-1 Mortgage Insurance Linked Notes due September 25, 2032.

October 3, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement:- Radnor Re 2022-1 Ltd – Regulation S Class B-1 Mortgage Insurance Linked Notes due September 25, 2032.

October 3, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement:- Radnor Re 2022-1 Ltd – Rule 144A Class M-1A Mortgage Insurance Linked Notes due September 25, 2032.

October 3, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement:- Radnor Re 2022-1 Ltd – Regulation S Class M-1A Mortgage Insurance Linked Notes due September 25, 2032.

October 3, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement:- Radnor Re 2022-1 Ltd – Rule 144A Class M-1B Mortgage Insurance Linked Notes due September 25, 2032.

October 3, 2022

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Monster hurricane spares David Hart’s family home

October 3, 2022

Bermuda resident David Hart was still reeling on Friday, after Hurricane Ian brought catastrophic winds to his home state of Florida on Wednesday.
Mr Hart, chief executive officer of the Bermuda Busin…

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Hurricane Ian estimated to cost more than $100bn

October 3, 2022

A leading catastrophe modeller says Hurricane Ian’s total costs will exceed $100 billion and be the most expensive hurricane Florida has ever seen.
And the Karen Clark & Company flash estimate has…

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Senator Simmons mixes up new drink business

October 3, 2022

Senator Lindsay Simmons is doing her bit for Bermuda’s economy, and health, by launching a low sugar, fruit juice business.
At Front Street eatery, Rosa’s – where she is operational manager, drink sal…

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Mark Twite is new Axa XL Bermuda CEO

October 3, 2022

Axa XL Reinsurance has appointed industry veteran Mark Twite as chief executive officer, Bermuda.
Mr Twite is to take up his new post on Monday.
In the role, he will be responsible for the strategic g…

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KBRA report criticises Fed policy

October 3, 2022

A KBRA rating agency report on credit risks suggests that the Federal Reserve’s “near singular focus over the near term on taming inflation runs the risk of overshooting its goal of curtailing demand,…

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Design company wins international award

October 2, 2022

Planning Factory Bermuda has won a prestigious international award for its design of a bar in the global headquarters of Bacardi Limited.
The LOOP Design Awards, launched in Portugal in 2020, have hon…

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Bank price finishes the week lower

September 30, 2022

The RG/BSX Index plummeted 155.53 points or 7.00 per cent for the week to 2,219.87.
With no trading on Friday on the Bermuda Stock Exchange, the dye was cast earlier in the week as Bank of N.T. Butter…

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Bermuda Stock Exchange / Business

LANCASHIRE HOLDINGS LIMITED Gives Notice of Q3 2022 Trading Statement and Conference Call

September 30, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement:- Bellemeade Re 2022-2 Ltd – Rule 144A Class B-1 Mortgage Insurance Linked Notes due September 27, 2032

September 30, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement:- Bellemeade Re 2022-2 Ltd – Regulation S Class B-1 Mortgage Insurance Linked Notes due September 27, 2032

September 30, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement:- Bellmeade Re 2022-2 Ltd – Rule 144A Class M-1A Mortgage Insurance Linked Notes due September 27, 2032

September 30, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement:- Bellemeade Re 2022-2 Ltd – Regulation S Class M-1A Mortgage Insurance Linked Notes due September 27, 2032

September 30, 2022

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Bermuda Stock Exchange / Business

Admission to Listing Announcement:- Bellemeade Re 2022-2 Ltd – Rule 144A Class M-1B Mortgage Insurance Linked Notes due September 27, 2032.

September 30, 2022

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Alon Neches is new president and CEO of Fortitude Re

September 30, 2022

Alon Neches has been appointed president and CEO of Bermudian-based Fortitude Re.
He will also join the organisation’s board of directors.
Mr Neches succeeds James Bracken, who is stepping down to pur…

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Business hopes for future bounty from sterling’s pounding

September 30, 2022

The plummeting UK pound may eventually have a beneficial impact on the cost of goods imported to Bermuda but it has not been felt yet, a leading retailer said yesterday.
Tredick Gorham, president of T…

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Armstrong’s new business is a hole-in-one

September 30, 2022

Dianna Armstrong started her business, Make De Run Golf Shop, out of fashion frustration.
She took up golf four years ago, usually playing at Turtle Hill Golf Course at the Fairmont Southampton or th…

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Anatomy of a mortgage agreement

September 29, 2022

Buying your dream home is a huge decision in many of our financial lives. In this, the first of a five-part series in Moneywise, we take a look at what the process entails.
You’ve saved and saved – no…

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Butterfield down on NYSE

September 29, 2022

The RG/BSX Index slumped 155.53 (6.55 per cent) …

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Fitch: Hurricane damage could be $40bn

September 29, 2022

Hurricane Ian, which made landfall on Florida’s Gulf Coast and has since been downgraded to a tropical storm, is expected to generate substantial economic and insured losses in affected areas, Fitch r…

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Sompo focuses on accident and health

September 29, 2022

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has appointed Stefano Chiurlo as head of Accident & Health Europe.
He will b…

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Carey Olsen delighted at RG Top Ten Award

September 29, 2022

The managing partner of Carey Olsen Bermuda has expressed his delight after the law firm was a double award winner in the RG Top Ten Employer of the Year in Partnership with PwC.
Carey Olsen was named…

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Canopius puts global focus on ESG

September 29, 2022

Adhiraj Maitra has been appointed as group head of sustainability at Canopius Group, the global specialty re/insurer with an operation on the island.
Reporting to Lindsay Astor, chief of staff and hea…

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Will Haddrell joins Bernina Re as chief underwriting officer

September 29, 2022

Bermuda market veteran Will Haddrell has joined Bernina Re Ltd as chief underwriting officer, head of US and Retro.
He joins from Kettle, where he served as chief underwriting officer.
Mr Haddrell, 39…

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Nine major economies increasing carbon intensity

September 29, 2022

No country in the G20 is decarbonising quickly enough to maintain a safe climate, according to new analysis by professional services firm PwC.
This year’s Net Zero Economy Index shows progress on deca…

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Bermuda Stock Exchange / Business

Admission to Listing Announcement:- Waterloo Investment Holdings Limited – Ordinary Shares

September 29, 2022

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Bermuda Stock Exchange / Business

De-Listing Announcement:- Caro Investment Holdings Limited’s Voting Shares De-Listed Following Acquisition by Zeno Capital Limited.

September 29, 2022

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