Business
Covéa Group closes $9 billion purchase of PartnerRe
French mutual insurer Covéa has completed its $9 billion purchase of Bermudian-based reinsurer PartnerRe from Exor, the companies have announced.
In conjunction with the close of the sale, Thierry De…
In conjunction with the close of the sale, Thierry De…
Promotions mark anniversary at Mosaic Insurance
Stavan Desai has been promoted to head of Americas, and Katherine Spenner has been named global chief legal officer of Mosaic Insurance’s transactional liability division.
The appointments come on the…
The appointments come on the…
Assured Guaranty maintains AA rating
S&P Global Ratings has highlighted the very strong competitive position of Assured Guaranty Ltd., the publicly traded holding company based in Bermuda.
The rating agency has also pointed to the co…
The rating agency has also pointed to the co…
GCX continues growth in FY22
Network service provider Global Cloud Xchange claims a strong close to their fiscal year, ending March 31, 2022.
GCX Holdings Limited (Bermuda), operating as Global Cloud Xchange (GCX), offers network…
GCX Holdings Limited (Bermuda), operating as Global Cloud Xchange (GCX), offers network…
Apex buys conference arm and tech platform of Context365
Bermuda-based Apex Group Ltd has acquired the technology platform and conference business of Context365 LLC, a provider of technology and events that connects alternative asset class investors with hi…
PwC’s workforce survey illuminates new workplace trends
PwC’s Global Workforce Hopes and Fears Survey 2022 has revealed that the pandemic-related exodus of workers from the workplace may be more of a trend than a one-time headache for employers.
Yet, many …
Yet, many …
Bank share price closes higher
The RG/BSX Index closed 0.94 of a point (0.04 per cent) lower at 2,226.89.
The only advance on the Bermuda Stock Exchange for the day was BF&M Ltd, which finished 24 cents (1.1 per cent) higher a…
The only advance on the Bermuda Stock Exchange for the day was BF&M Ltd, which finished 24 cents (1.1 per cent) higher a…
Pricing terms set for tender offer
Debt refinancing is on the menu as Government announced the pricing terms of its purchase offers for the outstanding 4.138 per cent Senior Notes due 2023 (outstanding principal amount of $353,905,000)…
Preston Hutchings joins VSS Capital Partners
VSS Capital Partners, the New York-headquartered private investment firm investing in healthcare, business services and education, has added W. Preston Hutchings as senior adviser.
Leveraging his thr…
Leveraging his thr…
BDA spotlights Bermuda’s ESG maturity
The Bermuda Business Development Agency, in association with Oxbow Partners, will air a webinar about Bermuda’s ESG maturity.
This latest edition of the Bermuda Angle webinar series – entitled ‘Bermud…
This latest edition of the Bermuda Angle webinar series – entitled ‘Bermud…
Mike Wells named Athora Group CEO
Mike Wells has been appointed CEO of the European retirement services group, Bermuda-domiciled Athora Holding Ltd., subject to regulatory approvals.
Michele Bareggi has been promoted to the newly crea…
Michele Bareggi has been promoted to the newly crea…
ICIJ: Why Uber quit routing profits through Bermuda
Uber Technologies Inc routed a portion of company wide profits through a Bermuda subsidiary in a complex corporate tax structure to cut its tax bill, which their European lobbyist saw as the company’s…
EIC brings in $325m in 16 months
Since the Government’s Economic Investment Certificate initiative began more than 16 months ago, 19 applications have been approved, representing investments of more than $325 million into the local e…
Bank share price ends lower
The RG/BSX Index closed unchanged at 2,227.83 as the Bermuda Stock Exchange remained idle for the day.
The Bank of N.T. Butterfield & Son Limited closed down 23 cents (0.71 per cent) at $31.99 on …
The Bank of N.T. Butterfield & Son Limited closed down 23 cents (0.71 per cent) at $31.99 on …
CrossTower partners with Ripple
CrossTower, the crypto currency exchange and non-fungible token marketplace with an office in Bermuda, is partnering with Ripple, a leader in enterprise blockchain and crypto solutions, to add non-fu…
Natalie Chiaramonte promoted to president of Sovereign Risk
Chubb has announced that Natalie Chiaramonte has been named president of Sovereign Risk Insurance Ltd, a leading Bermuda-based underwriter of political risk insurance and reinsurance.
Ms Chiaramonte p…
Ms Chiaramonte p…
SiriusPoint makes investment in European specialty lines agency
Bermuda-based SiriusPoint Ltd has agreed a strategic partnership and investment with European managing general agent Alta Signa Holdings, which specialises in financial and professional lines insuranc…
Kallan Richardson and Miguel Simas become first Abir Scholars
Two graduates of a foundation reinsurance course at the Bermuda College have been awarded new scholarships to attend St. John’s University’s Maurice R. Greenberg School of Risk Management Insurance an…
Catalina names new CEOs for Asia and the US
Catalina Holdings (Bermuda) Ltd has named new chief executive officers for its US and Asia operations.
Loh Wei-Lyn has been named as CEO of Asia, replacing Martin Kauer who retired in May, while Lua…
Loh Wei-Lyn has been named as CEO of Asia, replacing Martin Kauer who retired in May, while Lua…
EIC brings in $325 million in 16 months
Since the government’s Economic Investment Certificate initiative began more than 16 months ago, 19 EIC applications have been approved, representing investments of over $325 million into the local ec…
Foord Asset Management appoints Apex Group
Investment manager Foord Asset Management has appointed Apex Group Ltd, the global financial services provider based in Bermuda, to support its expansion into the Australian market.
Apex will provide …
Apex will provide …
Bermuda named in report on Uber tax set-up
Bermuda is highlighted in the latest report from the International Consortium of Investigative Journalists as a central location used by ride-share giant Uber in its tax planning.
The Uber Files p…
Pacheco, Skinner win PwC scholarships
Ashley Pacheco and Michae Skinner have been announced as recipients of annual scholarships awarded by PwC Bermuda, the accounting and professional services firm.
Ms Pacheco, who attends Dalhousie Univ…
Ms Pacheco, who attends Dalhousie Univ…
Members invited to rise to the marketing challenge
Rise Marketing is launching a monthly marketing membership for small to medium-sized businesses.
The organisation said that members will have access to revenue-generating marketing tips, lessons and g…
The organisation said that members will have access to revenue-generating marketing tips, lessons and g…
Golden upgrade for shipowners
One of the world’s largest listed dry bulk shipowners has begun a major modernisation of its fleet.
Making the announcement from its Hamilton office, the Nasdaq-listed Golden Ocean Group Limited said …
Making the announcement from its Hamilton office, the Nasdaq-listed Golden Ocean Group Limited said …
Bermuda Government’s two-bond buyback
On Wednesday of this week, in a mind-numbing 26-page reading challenge, the Bermuda Government announced an offer (tender) to redeem (buy back) for cash two of its issues of senior notes from the bon…
Chance to renew your financial resolutions
As humans, we’re wired for growth. But we’re also prone to laziness, apathy, impulse, stress and guilt. And right about now is when most of us have let our January resolutions fall by the wayside — …
Bank shares trade slightly higher
The RG/BSX Index finished 4.47 points (0.2 per cent) lower at 2,227.83, after one issue traded for the day on the Bermuda Stock Exchange.
BF&M finished at $22.51, down 49 cents (2.1 per cent) on t…
BF&M finished at $22.51, down 49 cents (2.1 per cent) on t…
Ascot begins US marine insurance division
Bermudian-based Ascot Group, the global specialty re/insurer, has launched a new US Marine Insurance structure under the leadership of Tom Nasso, executive vice-president.
The company said the new ins…
The company said the new ins…
Somers board recommends it should go private
Bermuda-based Somers Limited set to go private after its board received a recommendation that the offer for the shares of the company represented fair value at approximately $21 a share.
The valuatio…
The valuatio…
Teaching the teachers
A teacher’s first years in education are so overwhelming that half of all new teachers quit within the first five years.
Veteran educator Gina Tucker hopes that her new business, EduCoach, will turn t…
Veteran educator Gina Tucker hopes that her new business, EduCoach, will turn t…
Bank shares jump 3.81% higher
The RG/BSX Index closed unchanged at 2,232.30 as no shares changed hands.
On the New York Stock Exchange, shares of Bank of N.T. Butterfield closed at $32.12, up $1.18, or 3.81 per cent.
On the New York Stock Exchange, shares of Bank of N.T. Butterfield closed at $32.12, up $1.18, or 3.81 per cent.
Mosaic wins award for insurtech platform
Mosaic Insurance has been recognised for its ground-breaking insurtech platform that is innovating risk management, streamlining industry processes, and improving operational efficiency.
The Bermudian…
The Bermudian…
Axa XL Re brings in property strategist
Axa XL Reinsurance has appointed Peter Kiernan as head of US Property, Bermuda Reinsurance.
Mr Kiernan, who will be based on the island, replaces Simon Penney, who has relocated to London to take up a…
Mr Kiernan, who will be based on the island, replaces Simon Penney, who has relocated to London to take up a…
BSX owner wins patent case against Nasdaq
Miami International Holdings Inc, the parent holding company of the Bermuda Stock Exchange, has won a patent case against Nasdaq.
MIH said that the United States District Court for the District of New…
MIH said that the United States District Court for the District of New…
Enstar president to retire
Paul O’Shea, president of Enstar Group Limited, is to retire next March after 28 years serving the company and its predecessor Castlewood Limited.
The Bermudian-based insurer said Mr O’Shea will remai…
The Bermudian-based insurer said Mr O’Shea will remai…
Transforming finance and accounting
Bermuda based financial solutions provider, Emergence, is joining BlackLine’s global Solution Provider Partner Program to meet increasing demand from clients for accounting automation software solutio…
Retail store Stash for sale as a going concern
A businesswoman and entertainer who recently gave birth to her fourth child has realised a need to step back a little from her business life.
She is now looking for a buyer for her city retail store, …
She is now looking for a buyer for her city retail store, …
Government in debt refinancing exercise
As the government continued ongoing debt management efforts, it announced the commencement of offers for the purchase of its senior notes.
It involves an offer to buy the outstanding 4.138 per cent Se…
It involves an offer to buy the outstanding 4.138 per cent Se…
Butterfield falls on NYSE
The RG/BSX Index finished at 2232.30, up 1.77 points or 0.08 per cent for the day.
Argus Group Holdings Ltd closed at $6.35 as 6,000 shares changed hands on the Bermuda Stock Exchange.
Watlington Wate…
Argus Group Holdings Ltd closed at $6.35 as 6,000 shares changed hands on the Bermuda Stock Exchange.
Watlington Wate…
Chainproof bridges traditional insurance and DeFi
Chainproof has launched today in Bermuda as the world’s first regulated smart contract insurance provider.
The pioneering organisation was incubated by San Francisco headquartered Quantstamp Inc, a le…
The pioneering organisation was incubated by San Francisco headquartered Quantstamp Inc, a le…
BMA issues warning over Renfrew Capital
The Bermuda Monetary Authority has issued a public warning regarding Renfrew Capital Management.
The BMA said Renfrew is operating a website at http://renfrewcapitalmgmt.co/ that appears to offer inve…
The BMA said Renfrew is operating a website at http://renfrewcapitalmgmt.co/ that appears to offer inve…
KBRA affirms Hamilton Insurance Group ratings
KBRA has said they have affirmed the BBB+ issuer rating of Hamilton Insurance Group, Ltd. (Hamilton Group), a Bermuda-based holding company, and the A insurance financial strength rating of Hamilton R…