Business

The RG/BSX Index closed unchanged for the day with no activity on the domestic board of the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited was up 32 cents (1.00 per cent) at $3…

ESG opportunities and international corporate taxation are among key topics at the Bermuda Captive Conference this year – the 60th anniversary of the island’s globally leading captive insurance indust…

Jed Rhoads, president and chief underwriting officer of Markel’s global reinsurance division, is to retire at the end of the year.
Richie Whitt, co-CEO of Markel, said: “Markel is fortunate to have be…

The reinvention of Bermudian-based Argo Group International Holdings Ltd has picked up pace with the announcement that the company has entered into a definitive agreement for the sale of Argo Underwri…

Assured Guaranty Ltd, the bond insurer based in Bermuda, and California-headquartered UrbanFootprint, the urban intelligence provider, have announced their plans to deliver an industry-leading data-ce…

Bermudian-based Axis Capital Holdings Limited has launched Axis Wholesale, a new division dedicated specifically to servicing the wholesale market.
Carlton Maner has been appointed as CEO, Axis Wholes…

Apex Group Ltd, the Bermudian-based global financial services provider, has expanded its North American presence with the acquisition of Prometa Fund Support Services Inc, a Manitoba-based provider of…

Asia Pacific Wire & Cable Corporation Limited, a holding company incorporated in Bermuda with principal executive offices in Taiwan, has reported a net loss attributable to APWC shareholders of $3…

The RG/BSX Index remained at 2,401.12, with no trading for the day on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited closed at $32.06, or up 37 cents (1.17 per cent) on the…

Miami-based fintech company Inveniam Capital Partners Inc has announced a strategic partnership with Bermudian-based Apex Group Ltd, the global financial services provider, to offer Valuation as a Ser…

Seamus MacLoughlin has joined North End Re Ltd as chief actuary.
Mr MacLoughlin most recently served as chief executive officer at Enhanzed Reinsurance Ltd, a post he occupied for nearly four years.
P…

Industry veteran Scott Egan has been appointed as the chief executive officer of Bermudian-based SiriusPoint Ltd, the global specialty re/insurer.
Mr Egan succeeds interim CEO Dan Malloy, who rejoined…

Richard P Quinn has joined Convex Insurance as an underwriter of US property reinsurance.
Mr Quinn joins Convex after more than four years at Axis Capital, where he most recently held the post of assi…

Axis Capital Holdings Limited has launched an insurance policy that offers custom-built cyber and specialist liability coverage for companies with up to $2 billion in revenue.
The new Axis cyber techn…

Matthew Carr, an insurance partner within Appleby is a gold sponsor of the event. corporate department of Appleby’s Bermuda office, will participate in an ESG “fireside chat” session next Monday at th…

Aspen Insurance Holdings Limited has reported net income of $48.4 million and an operating income of $130 million for the six months ended June 30.
That compares with net income of $87.4 million and a…

The Association of Bermuda International Companies has announced that three recipients of Abic Education Awards will receive special memorial awards named after past Abic scholarship awardees.
The She…

Rugged Rentals, the Bermudian minicar rental company, is the official vehicle partner for the Butterfield Bermuda Championship.
The PGA Tour FedEx Cup event will be held at Port Royal Golf Course from…

The RG/BSX Index fell 0.16 points (0.01 per cent) to 2,401.12 for the day, nudged lower by West Hamilton Holdings Ltd. closing down ten cents (1.7 per cent) at $5.90 on trading of 1,000 shares.
There …

Arcadian Risk Capital Ltd, the Bermudian-based managing general agent, has appointed Chen Foley as chief claims officer.
Mr Foley will be charged with managing all aspects of the Arcadian group claims…

BMS, the independent specialist re/insurance broker with an operation in Bermuda, has appointed Nick Gillett as CEO of BMS International.
He is anticipated to start in January 2023 as the business acc…

Abina Kealy has been appointed chief financial officer at PartnerRe Ltd and will become a member of the organisation’s executive leadership team.
Formerly PartnerRe’s chief accounting officer, she wil…

Bermuda’s e-Link Commuting Co. Ltd has entered into a new agreement with a perennial America’s Cup campaigner and his company, Bieker Boats, in the development of a new class of waterway vessels, powe…

Bermudian-based Global Cloud Xchange has announced the completion of 3i Infrastructure plc’s $512 million investment to acquire a 100 per cent stake in GCX.
GCX is a global data communications service…

Axis Capital Holdings Limited has promoted Dan Draper to the role of group chief underwriting officer.
Mr Draper, who is based in London and had previously served as group head of underwriting, will r…

The Bank of N.T. Butterfield & Son Limited, together with Gasser Partner Trust, are buying trust business from one of Switzerland’s largest banks.
An announcement datelined out of Zurich, Hamilton…

On the eve of its centennial, Cambridge Beaches Hotel has opened the Sunken Harbor Club, the Bermuda version of the renowned New York City cocktail bar with the same name.
The dockside tavern and trop…

A pioneering business that debuted at Harbour Nights has found a permanent home in Hamilton.
Uplift Dispensary, which sells cannabidiol and hemp-derived products and experiences, opened officially on …

A billionaire Georgian is hoping to win the third of a trio of court cases he brought against units of Credit Suisse bank, after victory in a Bermuda court and defeat in New Zealand.
Bidzina Ivanishvi…

Ocorian, the corporate and fiduciary services, fund administration and capital markets provider, has reported a significant increase in the number of captives it supports, with its Bermuda offices del…

Cruise ship passengers to Bermuda are about to enjoy high-quality internet services on Royal Caribbean Cruise Line vessels, through Starlink.
Royal Caribbean has announced it will implement SpaceX’s S…

A member of the Asia Securities Industry & Financial Markets Association has dubbed a Bermuda company the world’s largest independent service provider to financial services.
The observation comes …

In 2022, are you more or less happy than you were 15 years ago?
Gallup, the world-renowned leader in statistical analyses of polls on public opinion, knows the answer about how everyone feels – compil…

Your interview was an enormous success. The hiring manager thought you were intelligent and funny, plus your skills and experience checked every box – and then some. All there is to do now is sit bac…

On the eve of their centennial, Cambridge Beaches Hotel has opened the Sunken Harbor Club, the Bermuda version of the renowned New York City cocktail bar with the same name.
The dockside tavern and tr…

The RG/BSX Index slumped 53.63 (2.23 per cent) for the week, to close at 2,401.28, held back by Bank of N.T. Butterfield Ltd., which closed at $33.00, down a dollar (2.9 per cent) after trading of 1,5…

Caribbean property/casualty insurers posted an eight per cent increase in net income in 2021 to more than $70 million, highlighting carriers’ risk management practices, but the region remains highly v…

AM Best has revised the implications of the under review status to developing from negative for the financial strength rating of C- (Weak) and the long-term issuer credit rating of “cc” (Very Weak) of…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of the single-parent captive of INPEX, the largest oil and gas explorati…

The credit ratings of two Bermudian-based companies have been placed under review with negative implications by AM Best.
The ratings agency said it has placed under review with negative implications t…

The RG/BSX Index closed up 26.82 (1.13 per cent) at 2,401.28, fuelled by a sole trade on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield Ltd. closed up 50 cents (1.50 per cent) at $33.00 on a…

Chance Barnett, the founder of Bermuda’s new digital bank, Jewel, is one of the major speakers expected at the fourth annual Bermuda Tech Summit next month.
He is just one of the senior policymakers, …

Hamilton Princess & Beach Club has appointed Roydell Neverson as director of operations.
One month into her new post, Ms Neverson is responsible for hotel operations and serves as the second in co…

Six Bermudian law students have just completed Walkers annual summer internship, having been hosted by the Bermuda law firm in its Park Place office.
Kalshae Matthews, Caitlin Hyland, Jasmin Brown, Sa…

Compre, the Bermudian-headquartered international legacy group, has appointed Jonathan Zisaruk to the newly created role of executive director – capital, planning and projects, effective September 5.
…

Bermudian-based Apex Group Ltd, the global financial services provider, has made one acquisition, and closed on a second.
Apex has acquired Mainspring, a UK-based provider of venture capital fund admi…