Business
US named as world’s worst country for financial secrecy
Tax justice campaigners have cited the US as the worst offender for countries helping individuals hide their wealth from the rule of law.
For the first time ever, the Tax Justice Network put the US at…
For the first time ever, the Tax Justice Network put the US at…
Carmen Trott promoted to principal engineer at iEPC
Carmen Trott has been promoted to principal engineer at iEPC Limited, the Bermudian-based engineering company announced today.
In her new role, Ms Trott will be responsible for managing the entire tea…
In her new role, Ms Trott will be responsible for managing the entire tea…
Sankaran resigns as chairman and CEO of Siriuspoint
Sid Sankaran has resigned as chairman and chief executive officer of SiriusPoint Ltd, the international specialty re/insurer headquartered in Bermuda.
The company said he is to “pursue other opportuni…
The company said he is to “pursue other opportuni…
Apex buys Malta-based fund services provider Maitland
Bermudian-based Apex Group Ltd, the global financial services provider, has announced the planned acquisition of the fund services and third-party management company business operations of Maitland In…
Starr buys Thai insurer FPG
Starr Insurance Companies has announced an agreement with FPG Insurance Holdings Limited (HK) and local Thai shareholders to purchase FPG Insurance Public Company Limited, a Thai non-life insurance co…
Furbert paves the way for vertical gardening in Bermuda
In November 2020, government announced it was finalising plans for a new vertical farming facility that could potentially produce 30 per cent of the island’s leafy greens.
While nothing concrete has …
While nothing concrete has …
Horseshoe transitions to Artex
Artex, an alternative risk solutions company, has announced the transition of Horseshoe to Artex. Artex expanded its ILS offerings with the acquisition of Horseshoe in 2019.
“Horseshoe has always been…
“Horseshoe has always been…
AM Best affirms Coral Isle rating after Massy purchase
AM Best has removed Coralisle Group Ltd’s subsidiaries from “under review with developing implications” and affirmed CG’s credit rating following its acquisition this month of Barbados-based Massy Uni…
Jones joins Beyond Cancer team
Beyond Cancer Ltd, an exempted company registered in Bermuda, has appointed Susan Howell Jones as chief financial officer.
Beyond Cancer, an affiliate of Beyond Air Inc, is a development-stage biophar…
Beyond Cancer, an affiliate of Beyond Air Inc, is a development-stage biophar…
Insurance registrations announced
The Bermuda Monetary Authority confirmed the registration of seven insurers in April, taking this year’s number of new registrants to 27.
The BMA approved three restricted special purpose insurers – G…
The BMA approved three restricted special purpose insurers – G…
Pascall appointed at SiriusPoint
SiriusPoint Ltd, the global specialty re/insurer headquartered in Bermuda, has appointed industry veteran Nick Pascall to the role of head of London and international casualty.
Mr Pascall will be resp…
Mr Pascall will be resp…
Altamont acquires stake in Fleming Holdings
California-based Altamont Capital Partners has acquired a majority stake and made a $150 million growth capital commitment to Fleming Holdings, the property and casualty insurance capital solutions bu…
RenRe dividend announced
The board of directors of Bermudian-based RenaissanceRe Holdings Ltd has announced a quarterly dividend of $0.37 per common share.
The dividend is payable on June 30 to shareholders of record on June …
The dividend is payable on June 30 to shareholders of record on June …
Fully regulated crypto-native insurance marketplace emerges
Nayms has graduated from the Bermuda Monetary Authority’s regulatory sandbox to become the world’s first, fully regulated crypto-native insurance marketplace, the Bermuda Business Development Agency a…
Celebrity chefs coming to The Loren
This summer brings the second season of The Loren at Pink Beach’s Summer Guest Chef Series, being launched this weekend and bringing some top American chefs to the island.
“Last summer, we had between…
“Last summer, we had between…
A Q&A with climate summit speaker Stuart Kirk
Among the high-powered speakers for the Bermuda Climate Summit next week, Tuesday May 24 at Rosewood Bermuda, will be Stuart Kirk, global head of responsible investments and global head of research an…
Butterfield share price slips lower
The RG/BSX Index remained unchanged at 2,335.84 in the absence of domestic company trading on the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited finished down 31 ce…
The Bank of N.T. Butterfield & Son Limited finished down 31 ce…
New initiative to streamline work permits for qualified actuaries
On 6 April 2022, the Ministry of Economy and Labour announced that it would expedite the work permit process for qualified actuaries.
The temporary initiative is a response to the “high worldwide dem…
The temporary initiative is a response to the “high worldwide dem…
BMA extends data call deadline
The Bermuda Monetary Authority has extended the deadline for insurers to respond to a data call by the organisation.
The original deadline of May 31 has been extended to June 30.
The BMA has also revi…
The original deadline of May 31 has been extended to June 30.
The BMA has also revi…
Vantage appoints Poppie to VP
Bermudian-based re/insurer Vantage Group Holdings Ltd has appointed Gabriel Poppie as vice-president, central region executive, marketing and distribution.
Mr Poppie, who is based in Chicago, joins Va…
Mr Poppie, who is based in Chicago, joins Va…
Conduit Re climate focus for Smith
Industry veteran Andrew Smith has been tabbed to lead climate change related initiatives at Bermudian-based global reinsurer Conduit Re.
Mr Smith, chief risk officer since December 2020, takes on the …
Mr Smith, chief risk officer since December 2020, takes on the …
Aspen Counterpart partnership launch
Counterpart, the Los Angeles-based management liability insurtech, has announced the launch of their partnership with Bermudian-headquartered Aspen Insurance to bring Aspen’s management liability prod…
Changes brewing for On De Rock
After two years of ferment, delivery trucks are rolling through again at On De Rock Craft Brewery on Market Lane in Pembroke.
Owner Simon Watkinson, has been struggling to keep the craft beer business…
Owner Simon Watkinson, has been struggling to keep the craft beer business…
Winding up ordered for WoW
A winding-up order has been made in the Supreme Court of Bermuda in relation to World on Wireless Limited, the television subscription provider.
TeleBermuda International Limited has acquired the busi…
TeleBermuda International Limited has acquired the busi…
Cinturion improves connectivity for India
Cinturion Corp Ltd, the Bermudian-registered global provider of scalable, subsea and terrestrial capacity-based network solutions, has reached an agreement with Lightstorm Telecom Ventures Pvt Ltd as …
Stable A rating for Lumen Re
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-based Lumen Re Ltd.
The outlook of these credit ratings is st…
The outlook of these credit ratings is st…
Retail sales volume falls for eighth straight month
February’s retail sales volume fell 4.4 per cent compared to last year, according to Retail Sales Index figures released by the Ministry of Economy and Labour.
In value terms, retail sales revenue rem…
In value terms, retail sales revenue rem…
Tribute to the world’s leading ladies
Readers, my tribute to mothers – ladies all – is a bit late, but please read on to know the reason.
There it is. Just a common image. Nothing unusual.
Two ladies facing each other across the table, ma…
There it is. Just a common image. Nothing unusual.
Two ladies facing each other across the table, ma…
Tithing: what really counts is putting others first
Dear Dave,
My wife and I have always attended church, and we have always tithed. Over the last few months, we have come to the decision it is time for us to find a place to worship that is a little mo…
My wife and I have always attended church, and we have always tithed. Over the last few months, we have come to the decision it is time for us to find a place to worship that is a little mo…
Controlling costs on family vacations
My family did not travel much when I was a child, but when we did, my parents jumped through hoops to cut costs.
On a trip to Disney World, for example, our family of six switched hotels. Every. Nigh…
On a trip to Disney World, for example, our family of six switched hotels. Every. Nigh…
Bank shares fell 14 cents on the NYSE
The RG/BSX Index closed unchanged for the day at 2,335.84 with no trading.
For the week, the Index was pulled down 40.99 points (1.75 per cent) by the trading of 2,800 BF&M Ltd. shares ($50,577). …
For the week, the Index was pulled down 40.99 points (1.75 per cent) by the trading of 2,800 BF&M Ltd. shares ($50,577). …
Nectaris Re maintains strong credit ratings
AM Best has affirmed the financial strength rating of A (Excellent) and long-term issuer credit rating of “a” (Excellent) of Nectaris Re Ltd, the operating subsidiary of Nectaris Holdings Ltd, both of…
Inflation rate holds steady
Consumers paid 2.5 per cent more in February than they did a year ago for the basket of goods and services included in the Consumer Price Index, the Ministry of Economy and Labour reported today.
This…
This…
Retail sales volume continue to fall
February’s retail sales volume fell 4.4 per cent compared to last year, according to Retail Sales Index figures released by the Ministry of Economy and Labour.
In value terms, retail sales revenue rem…
In value terms, retail sales revenue rem…
Pandemic continues to hamper shipping lines
The Covid-19 pandemic is still causing operational challenges in the shipping industry, Bermudian-based crude oil tanker company, DHT Holdings Inc, has reported.
DHT said the pandemic is hampering its…
DHT said the pandemic is hampering its…
Latest CPI Index quoted as 2.5%
Inflation was pegged at 2.5 per cent by government today, as Jason Hayward, the Minister of Economy and Labour, released the February 2022 Consumer Price Index publication from the Department of Stati…
Bermuda concludes NYC Executive Forum
The Bermuda Business Development Agency’s New York City executive forum, which concluded Wednesday, enabled the Bermuda team to engage in numerous business development meetings with potential New York…
Golden Dame Flora in Apex sponsorship
A Bermudian-based company, prominent on the international stage, has joined forces with the island’s Olympic Games gold medalist.
Apex Group Ltd, the global financial services provider, has become a s…
Apex Group Ltd, the global financial services provider, has become a s…
Horizons launches new products for business
Bermuda’s newest internet provider, Horizon Communications, has launched a range of new internet packages for businesses looking for high speeds and savings.
A spokesman for the company said Horizon’s…
A spokesman for the company said Horizon’s…