Business

Bermuda’s reinsurers have been watching as the killer hurricane Ian marches over Florida after plunging Cuba’s entire population of 11 million people into darkness, collapsing the electrical grid and …

The golden arches have returned to Bermuda – but this time as an insurance entity rather than a place to buy a happy meal.
Fast food giant McDonald’s has moved its global insurance operation to the is…

Carey Olsen Bermuda, the law firm, has topped the charts again at the RG Top Ten Employer of the Year in Partnership with PwC.
This is the 12th year for the awards, which were presented at a breakfast…

Bermuda residents have shown increased interest in non-US major foreign currencies after the recent strengthening of the US dollar.
And the pound has taken a beating.
Late on Wednesday, one pound ster…

The RG/BSX Index closed unchanged at 2,375.41 with no trading activity on the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited finished 78 cents (2.37 per cent) highe…

Bermudian-based Ascot Group has launched a miscellaneous professional liability unit to provide comprehensive coverage for a wide range of professional service industries.
Under the leadership of Todd…

Karla Thomas has joined Rawlinson & Hunter as head of risk and compliance.
She joins the firm with more than 20 years of experience in the regulatory and compliance industry, with her most recent …

ISC Group, a global business community that supports the retention and promotion of women in the insurance sector, has launched a branch in Bermuda.
With the help of their founding sponsor EY, ISC Gro…

The golden arches have returned to Bermuda – but this time as an insurance entity rather than a place to buy a happy meal.
Fast food giant McDonald’s has moved its global insurance operation to the is…

Pay at the table technology for restaurants takes another step forward with payment solutions provider goPoint Ltd., the company that brought self-service check outs and enhanced point-of-sale managem…

Scooter Mart is partnering with the Bermuda Hotel Association to offer electric bike sharing to visitors.
Using a new mobile app called Pink, users can rent electric bicycles by scanning a QR code loc…

SailGP, the purpose-led globally racing league, and Relm Insurance will sponsor the opening and closing receptions of the 2022 Bermuda Tech Summit.
After two years of being held virtually, the fourth …

Furniture, art and housewares will be on sale at “affordable prices” when a heritage charity reopens its second-hand pop-up shop this week.
The Bermuda National Trust will welcome customers from Thurs…

100 Women in Finance in Bermuda hosted its first hybrid event this month, sponsored by Bermuda Clarity Institute.
100 Women in Finance is a global network of professionals in the finance and alternati…

AM Best has affirmed the financial strength ratings of A (Excellent) and the long-term issuer credit ratings of “a+” (Excellent) of Bermudian-based Ascot Group Limited’s operating subsidiaries.
The ra…

It’s open house time for the new Economic Empowerment Zone hubs, as the Bermuda Economic Development Corporation aims for more accessibility.
The BEDC has recently launched the fifth cohort of Enterpr…

On-air talent at Bermuda’s Channel 82 will go international from its Cemetery Road studios.
The channel streams live 24/7 and on the company website channel82.bm, as well as Channel 82 on One Comm’s B…

The RG/BSX Index closed unchanged at 2,375.41 with no trading activity on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited finished 40 cents (1.21 per cent) higher at $33.39,…

Bermudian-based Alpha Innovations and Apex Group have announced their collaboration to support the launch of Strada Digital Masterpieces, a tokenised fine art fund.
Its corresponding master fund has a…

The Bermuda Monetary Authority’s operational cyber-risk management code of conduct has come into force for banks and deposit companies on the island.
The coming into force follows recent amendments to…

SiriusPoint Ltd, the Bermudian-based global specialty re/insurer, has appointed Bobby Heerasing as active underwriter of Lloyd’s Syndicate 1945.
Mr Heerasing joined SiriusPoint in October last year wi…

AM Best has downgraded the long-term issuer credit rating of Sompo International Holdings Ltd, the Bermudian-based re/insurer, from “a” (Excellent) to “a-” (Excellent).
The agency said the downgrade i…

The Association of Bermuda International Companies has appointed Wayne Smith to be the organisation’s next executive director.
Mr Smith, whose career has spanned the public and private sectors, will j…

White Mountains Insurance Group Ltd, the Bermudian-domiciled financial services holding company, has announced the final results of its “modified Dutch auction” tender offer.
Based on the final count …

Hamilton Princess & Beach Club is among the nominees in the “best social media of an historic hotel” category for the 2022 Historic Hotels Worldwide Awards of Excellence.
The Princess, which opene…

Bermudian-based Höegh LNG Partners LP, the floating liquefied natural gas service provider, has announced the completion of its previously announced acquisition by Höegh LNG Holdings Ltd.
Höegh LNG ac…

The Association of Bermuda International Companies is promoting diversity, equity and inclusion within its membership.
Abic’s Diversity and Inclusion Committee, formed in 2017, has worked at HR and C-…

After a ten-month hiatus, Temptations Cafe has reopened at 18 Wellington Street, in the town of St George.
Juilette Hoerrmann ran the eatery for 17 years on York Street. She retired in 2019, and her …

Of all the competencies that we value in leaders, it is the ability to inspire and be inspirational that rises to the top. To some this is natural, to others, it is learnt and practised.
This is a co…

This may not be electrifying news to island residents, but Bermuda has been found to be the most expensive place in the world to run appliances.
Research by William Russell, the UK-based insurer, look…

Ignite will commence the 6th cohort of the core accelerator programme October 4 with boot camp for 34 new members.
The “Fuel Your Ambition Series” starts online October 19 for over 40 new members.
Ign…

The venture capital arm of a Bermudian-based company has led a $15 million Series A funding round by the fintech company Inclined Technologies Inc.
Inclined said it aims to democratise a $150 billion …

On April 18 2022, a financial literacy contest was announced for all readers of this Moneywise column, seeking five winners.
The contest invited any interested contestants to describe in 200 words or …

Inflation: it’s a constant news headline, the joke of every meme, and the word we curse under our breath every time we have to put the fancy bacon back on the shelf and grab the generic turkey bacon i…

With a total trade volume of just 1,354 shares valued at $44,592.10 on the Bermuda Stock Exchange, the RG/BSX Index closed unchanged for the week, without the benefit of a Friday session.
The market w…

AM Best has upgraded the credit ratings of Ardellis Insurance Ltd, the Bermudian-based Class 3A insurer.
The agency has upgraded the company’s financial strength rating to A (Excellent) from A- (Excel…

White Mountains Insurance Group Ltd, the Bermudian-domiciled financial services holding company, has announced the preliminary results of its “modified Dutch auction” tender offer to purchase up to $5…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a” (Excellent) of the operating subsidiaries of Essent Group Ltd, the mortgage re/insure…

Bermudian-domiciled White Mountains Insurance Group has contributed a slice of a $315 million Series D round of funding raised by Pie Insurance, the insurtech company specialising in workers’ comp ins…

Natasha Scotland Courcy has been elected as chairwoman of the Bermuda International Long Term Insurers and Reinsurers at the organisation’s annual general meeting.
Ms Scotland Courcy, who is senior vi…

Bermuda is already preparing for Hurricane Fiona, scheduled to bring a period of hurricane-force winds in the early hours of Friday.
There was a line out the door at Masters Home Centre on Dundonald S…

The US Federal Reserve, the country’s central bank, boosted its benchmark overnight interest rate by 75 basis points on Wednesday — and said further rate hikes are anticipated.
In Bermuda, the Bank of…