Fitch Ratings Statement On Bermuda Re/Insurers

“Bermuda [re]insurers’ underwriting profitability is likely peaking at current levels, as price increases moderate and loss-cost inflation persists,” Fitch Ratings says. The ratings agency said, “However, returns will continue to be favorable as market conditions remain attractive, with the negative effect of natural disasters on catastrophe claims reflected in pricing in 2024. “For Bermuda-based [re]insurers […]
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Lombard Rebrands To Axcelus Financial

Lombard International US & Bermuda, a leading provider of private placement life insurance and annuities, announced its rebranding to Axcelus Financial. A spokesperson said, “The new name and full rebrand follows the November 2023 acquisition of the company by an affiliate of BroadRiver Asset Management L.P., a specialized asset management firm focused on uncorrelated and […]
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Poll Results: Politics, Caricom, Economy & More

Global Research recently conducted a poll to gauge voters’ opinions on governance and social issues in the country. A spokesperson said, “Global Research [www.globalresearch.bm] is the Market Research leader for all sectors in Bermuda. Global Research conducted a poll with a representative sample of 402 registered voters from December 15-23, 2023. The aim of the poll was […]
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Philharmonic Society Holds Student Competition

The Bermuda Philharmonic Society held its first annual Student Composition and Concerto Competition yesterday [Jan 21]. Kate Kayaian, president of the BPS, said, “The Bermuda Philharmonic is dedicated to our dual mission of creating live classical music events around the island as well as nurturing and supporting the musical growth of the island’s young people. […]
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Police: Search Continues For 15-Year-Old

The Bermuda Police Service [BPS] said they continue “searching for 15-year-old Raquel Sofia Sousa-Sequeira, reported missing over two weeks ago.” A police spokesperson said, “As part of those ongoing efforts, BPS patrol officers have checked several areas since she was last seen around 12:30am Sunday, 7th January 2024 in Smith’s parish. However, so far the teen […]
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‘Stroke Of Genius’ Fundraiser On February 27

Friends of Hospice is set to host the family-friendly Stroke of Genius Extravaganza fundraiser on February 27th. A spokesperson said, “Held at the Bermuda Underwater Exploration Institute [BUEI], the Stroke of Genius Extravaganza is a celebration of creativity for the whole family. Led by local artist, Heidi Louise Smith, participants will enjoy winter-themed arts and […]
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RSIR Celebrates Their 75th Anniversary

Rego Sotheby’s International Realty is celebrating its 75th anniversary this year, having been founded by Benjamin “Benny” Rego Sr. in 1949 as Rego Agency with four employees and agents. A spokesperson said, “2024 marks Rego Sotheby’s International Realty’s 75th Anniversary. As Bermuda’s longest serving real estate company, Rego Sotheby’s International Realty leadership looks back at the company’s […]
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Monetary Authority Releases 2024 Business Plan

The Bermuda Monetary Authority [BMA] has released its 2024 Business Plan, stating that the “forward-looking blueprint details initiatives and projects to achieve positive outcomes and strengthen Bermuda’s regulatory framework for the upcoming year.” A spokesperson said, “Additionally, the plan highlights a continued focus on holistically addressing operational resilience requirements across the financial services sector. “Several […]
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Gencom Updates On Fairmont Renovation Work

Westend Properties and its managing partner, Gencom, provided an update on the “preliminary work being carried out at the Fairmont Southampton property in preparation for the extensive renovations planned for the hotel and Beach Club.” A spokesperson said, “These early phases of demolition and site preparation are crucial to enabling the complete overhaul of the […]
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Minors & Riihiluoma Awarded Butterfield Cup

The Chubb Bermuda Triangle Challenge Committee, in collaboration with title sponsor Butterfield, awarded the Butterfield Cups to Dage Minors and Catherine Riihiluoma for their performances as the fastest local male and fastest local female in the 2024 Butterfield Mile. A Butterfield spokesperson commented “The Butterfield Mile is a showcase event for Bermuda’s running community and as […]
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