Business
Bermuda Climate Summit will be back in 2023, say organisers
The Bermuda Climate Summit 2022 really “hit it out of the ballpark”, John Huff, Association of Insurers and Reinsurers president and chief executive officer, said at the close of the two-day event.
Th…
Th…
Hamilton Global invests millions in BSX parent
London-based Hamilton Global Opportunities plc has completed a second investment in Miami International Holdings Inc, the parent company of the Bermuda Stock Exchange, for $2.15 million through a seco…
Superior credit ratings affirmed for Partner Re on eve of sale
PartnerRe Ltd has had its ratings affirmed on the eve of its $9 billion sale to French mutual insurer Covéa.
AM Best affirmed the financial strength rating of A+ (Superior) and the long-term issuer c…
AM Best affirmed the financial strength rating of A+ (Superior) and the long-term issuer c…
Butterfield finishes up on the NYSE
The Bank of N.T. Butterfield & Son Limited finished up 88 cents or 2.98 per cent today to close at $30.40 on the New York Stock Exchange.
Meanwhile the Bermuda Stock Exchange was unchanged for the…
Meanwhile the Bermuda Stock Exchange was unchanged for the…
Seadrill posts quarterly profit as it emerges from reorganisation
Seadrill Limited, the offshore drilling company based in Bermuda which came out of Chapter 11 bankruptcy and provisional liquidation in February, has reported an operating profit of $42 million for th…
Avance Gas triples Q1 profits
Net profits more than tripled to $24.3 million in the first quarter of the year for Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas.
That, …
That, …
Conyers announces 2022 legal education awards recipients
Conyers has announced the recipients of their Legal Education Awards for 2022, providing $70,000 in funding to five local law students.
Sierra Brangman was presented with the Conyers Legal Scholarshi…
Sierra Brangman was presented with the Conyers Legal Scholarshi…
Axis Capital honours top reinsurer with INSEAD support
Axis Capital Holdings Limited has announced a $250,000 endowment to international business school INSEAD to create a research fund on behalf of the company’s former chairman of the board.
The Michael …
The Michael …
Hamilton Princess hires top pr firm
A Madison Avenue agency, which specialises in travel and lifestyle public relations, has taken over as image maker for the Hamilton Princess Hotel.
Laura Davidson Public Relations was last year listed…
Laura Davidson Public Relations was last year listed…
Dame Flora wins Convex support for Paris Olympic bid
Convex Group Limited, the Bermudian-based international specialty re/insurer, has announced a partnership with Bermudian Olympic Games gold medallist triathlete Dame Flora Duffy.
For the next three ye…
For the next three ye…
Everest Re counts on new top actuary
Industry veteran David Harris has joined Bermudian-based Everest Re Group Ltd as senior vice president, chief reserving actuary, succeeding Ellen Edmonds.
He will report to Everest Group chief operati…
He will report to Everest Group chief operati…
Fitch upgrades Athene’s ratings
Bermudian-based life reinsurer and retirement services company Athene Holding Ltd and its subsidiaries have received credit ratings upgrades from Fitch Ratings.
Fitch upgraded the Insurer Financial S…
Fitch upgraded the Insurer Financial S…
Wildlife advocate tells local insurers to reduce climate risk
The head of the US National Wildlife Federation has encouraged insurance professionals to invest in ways to not just predict climate risk, but actually reduce it.
Speaking at the inaugural Climate Cha…
Speaking at the inaugural Climate Cha…
Bermuda can lead the world on climate risk, say CEOs
Bermuda can lead the world in tackling the challenges of climate risk, a leading insurance executive told a sold-out audience at the inaugural Bermuda Climate Summit today.
Speaking of climate risk on…
Speaking of climate risk on…
Butterfield shares slip on NYSE
Butterfield Bank shares closed down 20 cents to $29.52 today in moderate trading on the New York Stock Exchange.
A total of 91,958 shares were traded.
The Bermuda Stock Exchange Index was unchanged …
A total of 91,958 shares were traded.
The Bermuda Stock Exchange Index was unchanged …
Butterfield shares slip on NYSE
Butterfield Bank shares closed down 20 cents to $29.52 today in moderate trading on the New York Stock Exchange.
A total of 91,958 shares were traded.
The Bermuda Stock Exchange Index was unchanged …
A total of 91,958 shares were traded.
The Bermuda Stock Exchange Index was unchanged …
ESG report: Bermuda reinsurers are lagging behind Europe
Just 14 per cent of Bermuda reinsurers and Insurance Linked Securities funds surveyed have a developed approach to ESG – environment, social and governance – risks, accoridng to a new study.
And the …
And the …
Butterfield shares rise on NYSE
Butterfield Bank shares closed up 56 cents at $29.72 yesterday in moderate trading on the New York Stock Exchange after rising to $30.37 earlier in the day.
A total of 148,174 shares were traded.
Th…
A total of 148,174 shares were traded.
Th…
Sompo almost doubles adjusted profit to $483m
Sompo International Holdings Ltd, the specialty property and casualty re/insurer based in Bermuda, almost doubled its adjusted profit for the fiscal year ended March 31, moving from $248.5 million in …
Suspended HSBC executive pulled from Climate Summit
Senior banker Stuart Kirk, suspended by employers HSBC for his comments about climate risk, has been pulled from the panel line-up at the inaugural Bermuda Climate Summit.
Mr Kirk, global head of resp…
Mr Kirk, global head of resp…
Bermuda-based CrossTower to stage David Bowie NFT drop
CrossTower, the crypto currency exchange and non-fungible token marketplace with an office in Bermuda, is to host NFT drops by BowieWorld, the metaverse created in 1999 by legendary singer and former …
Apex gives support to investment platform aimed at helping children
Apex Group Ltd is to provide its single-source solution on a pro-bono basis to a UK-based investment fund of funds which will use it proceeds to fund children’s and education non-profits around the wo…
Everest Re names Matthew Rohrmann as head of investor relations
Industry veteran Matthew Rohrmann has joined Bermudian-based re/insurer Everest Re Group Ltd as senior vice president, head of investor relations.
Mr Rohrmann, who will report directly to Everest exec…
Mr Rohrmann, who will report directly to Everest exec…
Ignite founders to launch venture capital digital platform
Bermuda Investor Community Limited has announced the launch of the island’s first fully digital platform bringing qualified individual investors and entrepreneurs together.
The platform’s launch event…
The platform’s launch event…
BMA net income soars as regulatory fees jump
The net income of the Bermuda Monetary Authority increased eighteenfold in 2021 after its regulatory fees increased by $11 million, according to its annual report.
The BMA, Bermuda’s independent fina…
The BMA, Bermuda’s independent fina…
The art of adaptability : how to become anti-fragile
Covid-19 has been referred to as a black swan event — something that is extremely negative, rare and almost impossible to predict. Nassim Taleb, the famous author of The Black Swan, reminds us that w…
Enstar takes over loss portfolio from Aspen
A wholly owned subsidiary of Bermudian-based insurer Enstar Group Limited has closed a previously announced agreement for a ground-up loss portfolio transfer with island-based Aspen Insurance Holdings…
Nasal spray maker reports promising results from trial
Altamira Therapeutics Ltd, a Bermudian-headquartered biotechnology company, has reported promising results for trials of a nasal spray in reduction of an allergy.
Altamira, which says it is dedicated…
Altamira, which says it is dedicated…
Climate Risk conference starts today
A Bermuda Climate Summit kicks off tonight with international leaders invited.
The forum has been convened through tomorrow by the Bermuda Business Development Agency in partnership with the Associati…
The forum has been convened through tomorrow by the Bermuda Business Development Agency in partnership with the Associati…
How buy-and-hold compares to average fund investor
How did the average do-it-yourself investor fare last year? Dalbar, Inc knows!
First, a look back at 2021 investment environment in the United States. It was another impactful year for many events, pr…
First, a look back at 2021 investment environment in the United States. It was another impactful year for many events, pr…
If I were you, I would not move in with the in-laws
Dear Dave,
My wife and I are in our late twenties, and we have two kids. Our combined income is about $110,000 a year, but we have $70,000 in loans on two cars, plus about $15,000 in credit card debt….
My wife and I are in our late twenties, and we have two kids. Our combined income is about $110,000 a year, but we have $70,000 in loans on two cars, plus about $15,000 in credit card debt….
BF&M shares spike 27.7% on BSX
BF&M Ltd’s share price rose 27.7 per cent on the Bermuda Stock Exchange today on the trading of 1,000 shares. The insurer soared $4.98 to close on $22.99.
The move, today’s only trade, caused The …
The move, today’s only trade, caused The …
Pub on the Square turns porch rebuilding into spectator event
Spectators have been invited to bear witness as a porch is rebuilt at the former Pub on the Square heritage building in the town of St George.
Owners FoodHub said the restoration will start this weeke…
Owners FoodHub said the restoration will start this weeke…
IGI first quarter profit nearly doubles
Profits at Bermudian-based International General Insurance Holdings Ltd rose 90 per cent in the first quarter compared to the prior year period.
The specialty commercial re/insurer reported a profit o…
The specialty commercial re/insurer reported a profit o…
Catalina changes structure to attract new global business
Catalina Holdings (Bermuda) Ltd has changed its management structure in a bid to increase its focus on global expansion.
The company, an industry leader in the insurance legacy retrospective space, …
The company, an industry leader in the insurance legacy retrospective space, …
Keanne promotes wellness one step at a time
For a long time Keanne Bean wanted to start her own health coaching business, but was unsure how to go about it.
Then she heard about the business incubator programme at the Bermuda Economic Developme…
Then she heard about the business incubator programme at the Bermuda Economic Developme…
BSX unchanged
The Bermuda Stock Exchange was unchanged yesterday, at 2,172.53, as no shares changed hands in Bermuda.
On the New York Stock Exchange, The Bank of NT Butterfield and Son closed at $29.02 down 54 cent…
On the New York Stock Exchange, The Bank of NT Butterfield and Son closed at $29.02 down 54 cent…
PartnerRe takes $539m net loss but underwriting improves
PartnerRe Ltd today reported a net loss attributable to common shareholder of $539 million for the first quarter of 2022, compared to a net loss of $66 million for the same period last year.
PartnerRe…
PartnerRe…
Global protection gap could widen by 28% by 2025
The difference between actual and insured losses around the world could widen from $1.4 trillion in 2020 to $1.8 trillion by 2025, with the Asia-Pacific region accounting for almost half of all uninsu…
AM Best affirms Convex ratings
AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of four subsidiaries of Bermudian-based Convex Group Limited.
Island-bas…
Island-bas…
Somers takes $47m loss as market downturn takes toll
Somers Limited has reported a net loss of $46.9 million for the second quarter of its fiscal year as the company was buffeted by the severe downturn in global investment markets.
The Bermudian-based …
The Bermudian-based …
Athene names Rebecca Tadikonda to lead strategy
Rebecca H Tadikonda has been appointed executive vice president, strategy and innovation at Bermudian-based Athene Holding Ltd.
Ms Tadikonda was formerly executive vice president, head of MetLife Hold…
Ms Tadikonda was formerly executive vice president, head of MetLife Hold…
Convex loss narrows as premium growth continues
Bermudian-based Convex Group’s net loss narrowed from $179 million to $158 million in fiscal year 2021 as its gross written premiums nearly doubled, the international specialty re/insurer said.
Conv…
Conv…