Business
Crisis consultants retained in support of new cover
Property, commercial and speciality re/insurer IQUW, which has a presence in Bermuda, has appointed RQA Group to be its retained crisis consultants globally for its recently-launched specialty product…
Marsh extends broker dominance
Marsh McLennan has extended its dominance as the world’s largest re/insurance broker, generating revenues of $19.8 billion in 2021, reports industry website Reinsurance News.
The website’s directory o…
The website’s directory o…
From Lab scientist to Walkers law
Ligaya Sanchez-Wilson is the latest in the Bermuda pupillage of Walkers Bermuda.
Ms Sanchez-Wilson has been working as a paralegal in the law firm’s insolvency & dispute resolution team since Apri…
Ms Sanchez-Wilson has been working as a paralegal in the law firm’s insolvency & dispute resolution team since Apri…
Carbon footprint reduced with biodigester
On a small patch of land, Malachi Symonds has an orchard bursting with fruit.
One citrus tree alone carries more than 150 lemons.
His secret is a fertiliser he makes with his new biodigester, a machi…
One citrus tree alone carries more than 150 lemons.
His secret is a fertiliser he makes with his new biodigester, a machi…
Bank stock price closes lower
The RG/BSX Index fell 16.09 points (0.72 per cent) to close at 2,230.53 for the day.
Bank of N.T. Butterfield Ltd closed at $30, down 30 cents (1.0 per cent) after 2,000 shares ($60,005.00) changed ha…
Bank of N.T. Butterfield Ltd closed at $30, down 30 cents (1.0 per cent) after 2,000 shares ($60,005.00) changed ha…
Bittrex Global lawyer takes over as CEO
Oliver Linch is the new CEO of Bittrex Global, the crypto currency exchange, replacing Stephen Stonberg.
The boards of directors of Bittrex Global GmbH of Lichtenstein and Bittrex Global (Bermuda) Ltd…
The boards of directors of Bittrex Global GmbH of Lichtenstein and Bittrex Global (Bermuda) Ltd…
Apex to acquire Darwin Depositary Services
Apex Group Ltd, the Bermudian-based, global financial solutions provider has announced the planned acquisition of Darwin Depositary Services, which provides depositary services to alternative investme…
Appleby provides ample opportunity for interns
Fourteen Bermudian college and university students have been selected for the summer internship programme at international law firm Appleby
The internship, ranging from two to 13 weeks, assigns each s…
The internship, ranging from two to 13 weeks, assigns each s…
RiverStone appoints David Rocke as M&A head
Bermudian-based insurance executive David Rocke has been appointed as group head of M&A at RiverStone International, the industry-leading acquirer and reinsurer of legacy and discontinued insuranc…
Bankers react to Premier’s ultimatum over fees and charges
Bankers last night reacted to the direct hit they took from government on Friday when David Burt, the Premier and Minister of Finance raised alarm on the floor of the House of Assembly at the escalati…
Bank shares slightly higher
The RG/BSX Index finished at 2,246.62, up 4.28 points or 0.19 per cent.
Argus Group Holdings Ltd closed at $6.35, up four cents (0.6 per cent) on volume of 10,100.
Bermuda Aviation Services Ltd. ende…
Argus Group Holdings Ltd closed at $6.35, up four cents (0.6 per cent) on volume of 10,100.
Bermuda Aviation Services Ltd. ende…
Expansion takes Lindo’s to Next Level
Lindo’s Group of Companies has officially launched Next Level, the organisation’s new bulk buy store in Devonshire, which has led to new jobs.
The name is a playful riff on the store’s location, direc…
The name is a playful riff on the store’s location, direc…
Brent Hoffman joins Everest Re
Everest Reinsurance, the reinsurance division of Bermudian-based Everest Re Group Ltd, has announced Brent Hoffman will join the company as senior vice president, head of claims and chief operations o…
Resolution Re enters new transaction with Japanese life insurer
Resolution Re, the Bermudian reinsurance platform of Resolution Life, the long-term legacy life insurance solutions provider, has entered into a reinsurance agreement with The Dai-Ichi Life Insurance …
BF&M credit ratings unchanged after announcing strategic review
The credit ratings of BF&M Limited and its insurance subsidiaries remain unchanged following the company’s announcement of a strategic review, AM Best has reported.
The ratings agency’s report inc…
The ratings agency’s report inc…
BFIS scholars intern in London
Four Bermuda Foundation for Insurance Studies scholars flew to London on the weekend for an intensive two-week internship.
They visit 18 (re)insurance companies and other related organisations during…
They visit 18 (re)insurance companies and other related organisations during…
American Overseas to pay down debt
American Overseas Group Limited, the Bermudian-based holding company, has reported consolidated net income available to common shareholders of $700,000, or $15.06 per diluted share, for the three mont…
Envelop Risk hires David Ross for ILS cyber
Envelop Risk continues to grow its Bermuda platform with the hiring of David Ross, the accomplished underwriter with ILS experience in both deal analytics and capital management.
The MGA and cyber te…
The MGA and cyber te…
Ontario regulator’s warning due to ‘misunderstanding’ – Relm
Relm Insurance has explained that a Canadian regulator’s claim of inappropriate advertising in Ontario is based on a misunderstanding and not any company wrongdoing.
The company issued a statement thi…
The company issued a statement thi…
Banks warned over 400% fee increases
The government has threatened Bermuda’s banks to rein in escalating bank fees and globally-abnormal bank charges, or face government-imposed limits.
And a near 10 year old Progressive Labour Party pro…
And a near 10 year old Progressive Labour Party pro…
Biltir board expands
Bermuda International Long Term Insurers and Reinsurers has increased the size of its board of directors from 10 to 15 with the appointment of an additional five members.
Biltir, which represents 68 l…
Biltir, which represents 68 l…
Relm reach out to Ontario regulators
Relm Insurance has explained that a Canadian regulator’s claim of inappropriate advertising in Ontario is based on a misunderstanding and not any company wrongdoing.
Last week, the Financial Services …
Last week, the Financial Services …
Hurdles women face in the quest for financial security
This is the first in a series of excerpts from a financial primer written by the author for modern women and their future financial security, to be published in late winter 2022.
The last few weeks of…
The last few weeks of…
Relationship that’s purchased is not worth having
Dear Dave,
My father-in-law passed away earlier this year. Since then, my wife and I have faced a dilemma because of the inheritance. Her dad had several life insurance policies, and he left one to he…
My father-in-law passed away earlier this year. Since then, my wife and I have faced a dilemma because of the inheritance. Her dad had several life insurance policies, and he left one to he…
Bank shares finish slightly higher
The RG/BSX Index finished unchanged at 2,242.35 for the day after only one issue traded on the Bermuda Stock Exchange.
A total of 2,338 shares of Argus Group Holdings Ltd. ($14,746.26) changed hands b…
A total of 2,338 shares of Argus Group Holdings Ltd. ($14,746.26) changed hands b…
Fit to Fly BDA donates to local charities
After just three months in operation, Fit to Fly BDA has given more than $5,000 to three tourism related charities, as part of its commitment to philanthropy.
“From the beginning, we knew that we wan…
“From the beginning, we knew that we wan…
New AES company makes solar roof care seamless
AES Solar has launched Solar Roof Maintenance, a new business providing total roof care for solar panel owners in Bermuda.
Stephanie Lynam, company office manager, said AES started Solar Roof Maintena…
Stephanie Lynam, company office manager, said AES started Solar Roof Maintena…
New appointments at rebranded Evern
Marlene Cechini is the new chief financial officer at Everen Group, succeeding Ricky Lines who will assume the newly created position of chief investment officer.
Ms Cechini has been with the company …
Ms Cechini has been with the company …
Skuld opens Tokyo office
Skuld, the Norwegian-based marine insurance provider with an office in Bermuda, is opening a Japanese branch, Skuld Japan, in Tokyo.
Jinsung Son has been appointed head of Skuld Japan. Prior to joinin…
Jinsung Son has been appointed head of Skuld Japan. Prior to joinin…
Mosaic wins Cyber Newcomer of the Year Award
Mosaic Insurance has been named “Cyber Newcomer of the Year” by insurtech and data services provider Advisen, a Zywave company.
The specialty insurer was honoured as an industry top performer at the n…
The specialty insurer was honoured as an industry top performer at the n…
IoD open up for would-be directors
The Institute of Directors Bermuda hold a special “Meet and Greet” on Tuesday afternoon for those interested in learning more about their Certificate in Company Direction programme and the 2022 CICD C…
Wanda Mwaura in new appointment
Wanda Mwaura has been appointed an independent non executive director of Gulf Keystone Petroleum Ltd.
With more than 25 years experience in the financial services sector Mrs Mwaura has extensive expe…
With more than 25 years experience in the financial services sector Mrs Mwaura has extensive expe…
Banks warned over 400% increase
The government has threatened Bermuda’s banks to rein in escalating bank fees and globally-abnormal bank charges, or face government-imposed limits.
And a near 10 year old Progressive Labour Party pro…
And a near 10 year old Progressive Labour Party pro…
BF&M price soars on word of potential sale
Market reaction to news that BF&M may be sold has sent the share price soaring, up $4.95 (27.4 per cent) on the Bermuda Stock Exchange, closing Thursday at $23 after trading of 11,173 shares.
The …
The …
Canadian authorities issue warning against Bermuda insurer
The Financial Services Regulatory Authority of Ontario is warning consumers to refrain from using Relm Insurance Limited in Bermuda to obtain insurance.
The authority is warning that the company is n…
The authority is warning that the company is n…
Compre redomiciles to Bermuda in milestone move
Compre, the international specialist legacy group, has redomiciled to Bermuda under the supervision of the Bermuda Monetary Authority.
The move to Bermuda is the culmination of Compre’s diversificatio…
The move to Bermuda is the culmination of Compre’s diversificatio…
Brand appointed Convex Group CEO
Paul Brand is the new chief executive officer of the Convex Group.
Mr Brand founded the business in 2019 with Stephen Catlin, and has been deputy CEO since then.
Stephen Catlin, executive chairman, …
Mr Brand founded the business in 2019 with Stephen Catlin, and has been deputy CEO since then.
Stephen Catlin, executive chairman, …
Ignite Bermuda improves chance for business success
Applications for Ignite Bermuda’s business accelerator programme open Monday, and successful applicants for the sixth cohort will begin with Ignite in October.
They could include entrepreneurs and com…
They could include entrepreneurs and com…
Footballer Eva is latest Abir intern
Eva Frazzoni has joined the Association of Bermuda Insurers and Reinsurers as a summer intern.
One of 57 paid interns at Bermuda’s insurers and reinsurers, Ms Frazzoni will work with Abir’s policy and…
One of 57 paid interns at Bermuda’s insurers and reinsurers, Ms Frazzoni will work with Abir’s policy and…
New directors appointed at BMS
BMS, the independent insurance and reinsurance broker has made seven industry hires to its rapidly growing casualty division.
They will support BMS’ network of international clients as well as fuellin…
They will support BMS’ network of international clients as well as fuellin…
Sunny Side Solar panels gifted to Christ Church
Sunny Side Solar is donating 46 solar panels to what may be the island’s largest charity feeding programme – the initiative at Christ Church Warwick.
Sunny Side Solar said the gift will substantially …
Sunny Side Solar said the gift will substantially …