Business

Everest has completed the sale of its Canadian retail insurance operations, Everest Canada, to Wawanesa following regulatory approval. A spokesperson said, “Everest Group, Ltd. [Everest or the Company] [NYSE: EG], a global specialty reinsurance and insurance leader, today announced the completion of the previously announced sale of its Canadian Retail Insurance operations, Everest Insurance Company …

The Bermuda Monetary Authority held its fifth annual Community Day, with more than 230 staff volunteering with eight charities and community organisations across Bermuda. A spokesperson said, “On Thursday, 1 October, the Bermuda Monetary Authority [Authority or BMA] participated in its Annual Community Day event. As part of this dedicated day of service, employees from …

Ascot Group announced executive leadership appointments and organizational updates designed to “advance its strategy and position the company for its next phase of growth.” A spokesperson said, “Mark “Sarge” Pepper has been appointed President, Global Underwriting, effective October 1. In this expanded executive role, Mark will lead Ascot’s efforts to elevate its underwriting capabilities and position …

Taste of Bermuda 2026 returns from October 8 to 11, featuring four days of culinary experiences, entertainment and events at venues across Hamilton and beyond. A spokesperson said, “The countdown is on! Taste of Bermuda returns next week, and there’s still time to grab your tickets for some of the most exciting culinary experiences ever …

October 1 saw 3,177 shares trade on the Bermuda Stock Exchange, valued at $160,266.50 BD. 2,525 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.6% at $56.50 per share, while another 652 shares were traded by Allshores Limited, closing down 2.2% at $27.00 per share. The BSX finished at 3,654.60, down 2.46% …

InEvo Re today announced the successful completion of two reinsurance transactions with two new UK insurance clients, saying the “transactions evidence InEvo Re’s leading position in the UK funded reinsurance market.” Alex Brogden, InEvo Re Chief Underwriting Officer, commented on the transactions: “These two transactions mark an important expansion of our client base. Each deal …

KPMG in Bermuda has announced the promotions of Minesh Ranchod, Tom Neill, Knakita Bent and Irina Razumovskaya. A spokesperson said, “KPMG in Bermuda has announced four senior promotions across its Audit and Tax practices, reflecting the firm’s continued investment in its people and its commitment to meeting the evolving needs of clients in Bermuda’s financial services …

Mike Perkins has launched NorthRock Cyber-Risk & Compliance Limited in Bermuda, offering “independent cybersecurity assessments and penetration testing, cyber-risk and governance services, and managed compliance programmes designed around Bermuda’s Personal Information Protection Act.” A spokesperson said, “NorthRock Cyber-Risk & Compliance Limited has launched in Bermuda to help local businesses independently assess their cybersecurity defences and …

Alpha Growth plc has announced that its Bermuda subsidiary has changed its name to Alpha Growth Management [Bermuda] Ltd and also announced that the firm has established a presence in Tokyo. A spokesperson said, “Alpha Growth plc, a leading global specialist in longevity assets, insurance-linked strategies, and alternative yield solutions, today announced that its asset …

September 30 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,746.83, even on the day. There were 0 advances, 0 declines, and 43 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Sept 29 2026 Bermuda Stock Exchange Report: Sept 28 …

Bacardi Limited has been named the top-ranked spirits company on the 2026 Forbes World’s Best Employers list, rising 17 places to No. 69 globally. A spokesperson said, “Bacardi Limited is proving that a workplace worth toasting keeps getting better. The family-owned business has once again been named to the Forbes World’s Best Employers list, taking …

ABIR partnered with Centre for European Policy Studies [CEPS] / European Capital Markets Institute [ECMI] to produce ‘Ten Years of Solvency II Equivalence’ a historic document describing the ongoing importance of Bermuda’s commercial reinsurance market to the European Economic Area [EEA]. A spokesperson said, “On January 1, 2026, Bermuda celebrated ten years of full Solvency …

Marsh, a global professional services firm, announced the launch of Archer by Marsh, a service that helps asset managers and life and annuity insurers establish and operate reinsurance businesses. A spokesperson said, “Clients can draw on Archer by Marsh’s shared operating infrastructure while retaining ownership and strategic control. “Asset managers, life and annuity insurers, and …

Allshores Limited announced its financial results for the six months ended 30 June 2026. A spokesperson said, “Operating profit for the period was $31.9 million and shareholders’ equity increased to $478.1 million. The Board has declared an interim dividend of $0.40 per share.” Financial Highlights Operating profit of $31.9 million. IFRS net income of $44.5 …

Consumers paid 2.5% more in April than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. A Government spokesperson said, “The Ministry of Economy and Labour released the Department of Statistics’ April 2026 Consumer Price Index. “In summary, consumers paid 2.5 per cent more in …

September 29 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,746.83, even on the day. There were 0 advances, 0 declines, and 43 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Sept 28 2026 Bermuda Stock Exchange Report: Sept 25 …

Sun Life has established Sun Life Bermuda Limited, a new wholly owned subsidiary that expands its Bermuda operations to offer participating life insurance products. A spokesperson said, “Sun Life today announced the establishment of Sun Life Bermuda Limited, a wholly owned insurance subsidiary of Sun Life Assurance Company of Canada. The new subsidiary is licensed …