Business
Lancashire upbeat after $7.1m loss
Lancashire Holdings Limited had a $7.1 million loss for the six months ended 30 June 2022, after strong growth of 34.6 per cent in gross premiums written year-on-year to $938.1 million.
“We continue t…
“We continue t…
Axis Q2 profit plunges, business mix sorted
Axis Capital Holdings Ltd has reported second quarter net income available to common shareholders of $27 million.
That compares to net income available to common shareholders of $228 million for the s…
That compares to net income available to common shareholders of $228 million for the s…
Biltir forms industry advocacy group
The Bermuda International Long Term Insurers and Reinsurers organisation has formed a global advocacy committee to engage on international issues that affect the island’s life insurance sector.
The co…
The co…
Apex builds with AlphaCentrix
Following a period of rapid growth and strategic acquisitions, the global financial services provider, Apex Group Ltd. has partnered with, AlphaCentrix to bring powerful data management solutions to i…
Conduit earnings burnt by war and investment results
The war in Ukraine and failed investments crashed the first half year results for Conduit Holdings Ltd to a comprehensive loss of $61.4 million.
This included the $24.6 million estimated loss in relat…
This included the $24.6 million estimated loss in relat…
Melanie Fullerton promoted at Walkers
Melanie Fullerton has been promoted to senior counsel in the Bermuda regulatory and risk advisory team of Walkers (Bermuda) Limited.
A Bermudian called to the bar in 2014, she joined Walkers from the …
A Bermudian called to the bar in 2014, she joined Walkers from the …
New app to drive Cup Match deliveries
Cricketers won’t be the only people stepping up to the wicket over Cup Match.
Pronto, the micro fulfilment centre that offers “daily essentials, delivered fast”, launched a new app on Monday — and exp…
Pronto, the micro fulfilment centre that offers “daily essentials, delivered fast”, launched a new app on Monday — and exp…
Q2 records and net income fall for Chubb
A lot of records fell as Chubb reported reduced second quarter net income of $1.22 billion, down from $2.27 billion from the same period in 2021.
Net income in the quarter was adversely impacted by re…
Net income in the quarter was adversely impacted by re…
Bank shares fall 2.17% on NYSE
The RG/BSX Index remained unchanged for the day at 2,230.73, with no trading on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited fell 75 cents (2.17 per cent) to close at $33…
The Bank of N.T. Butterfield & Son Limited fell 75 cents (2.17 per cent) to close at $33…
Butterfield offers free financial literacy class
Butterfield is offering a free class in money management and financial literacy to college and university students between the age of 18 and 30.
The hour-long Butterfield 101 Money Management Programm…
The hour-long Butterfield 101 Money Management Programm…
Investments drop RenRe to $325m Q2 loss
Net realised and unrealised losses of a staggering $654 million, primarily in the fixed maturity investments portfolio, crashed Bermuda reinsurer RenaissanceRe to a startling 2022 Q2 net loss of $324….
Earnings rise for Butterfield
The Bank of N.T. Butterfield & Son Limited has reported net income of $49.1 million for the second quarter of the year.
That is a 10.6 per cent increase compared with net income of $44.4 million i…
That is a 10.6 per cent increase compared with net income of $44.4 million i…
Agro maintains stable superior ratings
AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa” (Superior) of Bermudian-based Assured Guaranty Re Overseas Ltd.
The outlook of these …
The outlook of these …
Bermuda IB highlighted in Hong Kong webinar
Bermuda’s key advantages as an international business domicile were highlighted during a Commonwealth Chamber of Commerce of Hong Kong webinar.
David Burt, the Premier, used the occasion to discuss Be…
David Burt, the Premier, used the occasion to discuss Be…
Allied World completes 8-week internship
Allied World Bermuda is concluding a structured eight-week summer internship programme Friday July 29 for four talented Bermudians – Eden Robinson (McGill University), Grace Reeves (Queens University)…
Fidelis Insurance creates new MGU
Bermudian-based Fidelis Insurance Holdings Limited will create a new managing general underwriter that, subject to regulatory approval, will be separated from the existing balance sheet insurance comp…
Charlie Fry rejoins AIG
Industry veteran Charlie Fry has rejoined American International Group Inc, the global insurance organisation.
After departing AIG in 2020, Mr Fry served as chief executive officer of Acacia Holdings …
After departing AIG in 2020, Mr Fry served as chief executive officer of Acacia Holdings …
Nayms appoints head of capital markets
Nayms, the Bermudian-based marketplace for crypto-native insurance, has appointed Nick Zagoreos as head of capital markets.
The company said Mr Zagoreos brings a wealth of experience in hedge funds, I…
The company said Mr Zagoreos brings a wealth of experience in hedge funds, I…
Tracy collars pets with Chillgo couture
Owning two beloved pooches, Tracy Lambert noticed a gap in the Bermuda retail market: not enough haute couture for pets.
“As a consumer, I’m always looking for stuff that is different or that you don’…
“As a consumer, I’m always looking for stuff that is different or that you don’…
PartnerRe upgraded because of Covéa parent
Fitch Ratings has upgraded Bermudian-based PartnerRe Ltd following its recent acquisition by Covéa Cooperations SA, the French mutual insurer.
Covéa acquired PartnerRe from EXOR NV for total cash cons…
Covéa acquired PartnerRe from EXOR NV for total cash cons…
Special August BizCamp for signature school students
Next month, The Youth Entrepreneurship Initiative, will be holding a special BizCamp for students in the new senior signature school.
This BizCamp is arranged in coordination with the Bermuda Signatur…
This BizCamp is arranged in coordination with the Bermuda Signatur…
New appointment at MSL Captive Solutions
MSL Captive Solutions has appointed Meredith Watson as assistant vice-president and lead underwriter.
MSL is an independent, specialist underwriting and consulting services firm formed by Strategic R…
MSL is an independent, specialist underwriting and consulting services firm formed by Strategic R…
Convex US launched to write E&S
Convex US has launched as a managing general underwriter with a focus on writing primary insurance in the US E&S market.
The new operation is owned by Convex Insurance UK Limited, a specialty unde…
The new operation is owned by Convex Insurance UK Limited, a specialty unde…
Nabors invests in Natron Energy
Nabors Industries Ltd, the Bermudian-based energy driller, has invested $7 million in Natron Energy Inc, a global leader in the manufacturing of sodium-ion batteries.
Natron plans to use the funds to …
Natron plans to use the funds to …
Abir companies host record 91 interns
The Association of Bermuda Insurers and Reinsurers member companies are hosting a record 91 paid interns in their Bermuda offices.
And to add value, Abir is facilitating an Intern working group for ne…
And to add value, Abir is facilitating an Intern working group for ne…
Busy economic week and its Bermuda implications
Here are my observations of a very interesting last week in the world of finance and economics and the implications for Bermuda.
Dollar dominates: the US dollar achieved parity with the euro. The …
Seven ways to have a great couple’s budget meeting
With skyrocketing prices everywhere you turn these days, it’s more important than ever to take control of your money by making and sticking to a monthly budget. And I’m a big believer that every marr…
Saturday banking returns to Butterfield
Butterfield has announced the return of Saturday banking and opened a new 24-hour ATM vestibule on Front Street in Hamilton.
Starting this weekend, the Reid Street banking centre in Hamilton will be o…
Starting this weekend, the Reid Street banking centre in Hamilton will be o…
Cup Match launch for new brand Isabella Artuso
A new accessories brand has launched with a collection of Cup Match “head crowns” that show off the wearer’s team spirit.
Isabella Artuso’s first capsule collection of maximalist head crowns, also kno…
Isabella Artuso’s first capsule collection of maximalist head crowns, also kno…
Butterfield finishes higher on NYSE
The RG/BSX Index finished unchanged at 2,230.73, as just one issue traded on the Bermuda Stock Exchange.
Argus Group Holdings Ltd closed unchanged at $6.30 after 5,019 shares ($31,619.70) changed hand…
Argus Group Holdings Ltd closed unchanged at $6.30 after 5,019 shares ($31,619.70) changed hand…
AM Best rating approvals for R&Q
AM Best has affirmed the long-term issuer credit ratings of “bbb-” (Good) of Bermudian-based R&Q Insurance Holdings Ltd.
Concurrently, AM Best has removed from under review with negative implicati…
Concurrently, AM Best has removed from under review with negative implicati…
Four students win Appleby awards
Appleby Bermuda has handed out $60,000 in scholarship funds to local students pursuing degrees in law and business.
Appleby has been providing scholarships and bursaries since 1977 to qualified Bermud…
Appleby has been providing scholarships and bursaries since 1977 to qualified Bermud…
Top financial strength rating for Top Layer Re
AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of Bermudian-based Top Layer Reinsurance Ltd.
The outlook of these credit…
The outlook of these credit…
Registration open for BDA’s Tech Summit
The Bermuda Business Development Agency’s fourth annual Bermuda Tech Summit is now three months away, and registration is open.
The popular event will be held at the Hamilton Princess & Beach Clu…
The popular event will be held at the Hamilton Princess & Beach Clu…
RenRe credit rating affirmed
AM Best has affirmed the credit ratings of Bermudian-based RenaissanceRe Holdings Limited and its main subsidiaries.
The ratings agency affirmed the financial strength rating of A+ (Superior) and the …
The ratings agency affirmed the financial strength rating of A+ (Superior) and the …
Non-profits benefit from Ignite experience
Ignite Bermuda is best known as an entrepreneurial accelerator but the programme also seeks to positively impact the island’s not-for-profit community.
Already, ten not-for-profit organisations have c…
Already, ten not-for-profit organisations have c…
Senate passes law to protect financial service customers
Legislation designed to protect financial service customers was passed in the Senate.
The Bermuda Monetary Authority Amendment Act 2022 will mean that the BMA’s principal 1969 Act will include, among…
The Bermuda Monetary Authority Amendment Act 2022 will mean that the BMA’s principal 1969 Act will include, among…
Bank share price down five cents
The RG/BSX Index remained unchanged, with no trading on the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited was down a nickel (0.15 per cent), closing at $33.88 on t…
The Bank of N.T. Butterfield & Son Limited was down a nickel (0.15 per cent), closing at $33.88 on t…
Somers Limited sale agreed
Bermudian-based Somers Limited, the financial services investment holding company, is to go private after its shareholders approved a merger with SNB Investments.
The company held a special general me…
The company held a special general me…
BDA supports Florida insurance conference
The Bermuda Business Development Agency will support the 60th annual Florida Insurance Council Summer Symposium next week in Orlando, Florida.
The FIC programme will include state legislators, the Off…
The FIC programme will include state legislators, the Off…
Insurtech launches new product for small business
Counterpart, the management liability insurtech, has announced the launch of its excess insurance product for small businesses.
Backed by Aspen Insurance Holdings Limited, the Bermudian-based re/insur…
Backed by Aspen Insurance Holdings Limited, the Bermudian-based re/insur…