Bernews

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 …

A planning application has been submitted on behalf of the UK Space Agency seeking permission for the “installation of three telescope systems, together with the infrastructure necessary for their operation, including individual concrete bases, electrical power and data/internet connectivity” in the east end. The application summary stated, “Proposed installation of three telescope systems, with the necessary …

FGH Parent, L.P. — together with its subsidiaries, Fortitude Re — announced its “acquisition of substantially all of the assets of Dayforward Inc, a digitally native insurance technology company, through a newly formed entity that will be renamed Fortitude Life.” A spokesperson said, “Dayforward’s proprietary end-to-end platform is designed to support annuity distribution partners. The …

SiriusPoint and Sutton Special Risk have launched SportsSecure, a specialized insurance solution designed to help colleges and universities manage injury-related financial risks associated with Name, Image, Likeness [NIL] and revenue-sharing commitments. A spokesperson said, “SiriusPoint Ltd. [“SiriusPoint”] [NYSE: SPNT], a specialty underwriter, has today announced a new strategic partnership with Sutton Special Risk, a specialist …

September 28 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 25 2026 Bermuda Stock Exchange Report: Sept 24 …

After adjusting for the retail sales rate of inflation, the overall volume of retail sales decreased 3.2% in April 2026 compared to April 2025, according to the Ministry of Economy and Labour’s Retail Sales Index. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the April 2026 Retail Sales Index publication. “April’s …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, September 26th. On Sunday the Carnival Venezia cruise ship is expected, on Monday the Oleander container ship and the Independence of the Seas cruise ship will arrive, and on Tuesday the Somers Isles container ship and …

September 25 saw 1,133 shares trade on the Bermuda Stock Exchange, valued at $65,744.00 BD. 1,133 shares were traded by Bank of N.T. Butterfield Ltd, closing down 0.3% at $58.00 per share. The BSX finished at 3,746.83, down 0.31% on the day. There were 0 advances, 1 decline, and 42 remained unchanged. The full report …

Arcadian Risk Capital has appointed Matthew Mullen as Executive Vice President to lead its expansion into the U.S. Enterprise Casualty market, supported by multi-year underwriting capacity. A spokesperson said, “Arcadian Risk Capital [“Arcadian”], a rapidly growing specialty managing general agent [“MGA”] with operations in Bermuda, Ireland, the United Kingdom, and the United States, today announced …

AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of Premia Reinsurance Ltd. [Premia Re] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Premia Re’s balance sheet strength, which AM Best assesses as very strong, …

September 24 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,758.34, 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 23 2026 Bermuda Stock Exchange Report: Sept 22 …

Liberty Mutual Insurance has appointed Shaun Sinniah as Head of Capital Solutions for Global Risk Solutions [GRS], effective September 28. A spokesperson said,  ”Liberty Mutual Insurance today announced that Shaun Sinniah will join the company as Head of Capital Solutions for Global Risk Solutions [GRS], effective September 28. Sinniah will report to GRS President Matthew …

September 23 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,758.34, 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 22 2026 Bermuda Stock Exchange Report: Sept 21 …

The Fidelis Partnership announced that Peter Williams has joined Pine Walk as Chief Underwriting Officer, alongside the appointment of Gary McInally as CEO of Pine Walk Capital Limited and Managing Director of Pine Walk. A spokesperson said, “The appointments further strengthen Pine Walk’s leadership team and support its continued growth with Pine Walk now supporting …

September 22 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,758.34, 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 21 2026 Bermuda Stock Exchange Report: Sept 18 …

INTX Insurance Software today announced a “strategic partnership with Bermuda-based Bespoke Analytics, expanding INTX’s presence and local delivery capabilities across one of the world’s most important insurance and reinsurance markets.” A spokesperson said, “The partnership represents a significant step in INTX’s investment in Bermuda and will provide insurers and reinsurers on the island with local …

AXIS Capital Holdings Limited announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on October 15, 2026 to shareholders of record at the close of business on September 30, 2026. A spokesperson said, “In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share …

Athene Holding Ltd and Imran Siddiqui jointly announced that “they have resolved the legal proceedings commenced by Athene against Mr. Siddiqui and Caldera Holdings Limited in May 2018 in the Supreme Court of Bermuda.” The announcement said, “As part of this resolution, Mr. Siddiqui agreed to make the following statement: Athene has compromised its claim …

Washington Properties said they are “continuing a major programme of improvements at Washington Mall and the office accommodations above it, with the latest phase now visible along Reid Street.” A spokesperson said, “The ongoing investment is designed to modernise the property, improve sustainability and enhance the experience for tenants, shoppers and visitors. “The current works …

“Bermuda is the buttoned-up charmer; The Bahamas is its louder, livelier cousin,” according to a Royal Caribbean guide entitled “Bermuda vs. The Bahamas: Which Island Should You Pick?” The article from the cruise ship company says, “Bermuda and The Bahamas are often mentioned together, but aside from sharing the Atlantic, the two have little in …

The Bank of N.T. Butterfield announced that John Wright is no longer a director after he did not stand for re-election at the bank’s Annual General Meeting on September 18. In a filing with a BSX the company said, “Pursuant to BSX Regulation 6.16 [1] [ii], we write to advise that, effective 18 September 2026, …

September 21 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,758.34, 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 18 2026 Bermuda Stock Exchange Report: Sept 17 …

Envelop Risk, the data-driven cyber reinsurance and analytics specialist, today announced the appointment of Stuart Dale as global head of casualty, effective 24th September 2026. A spokesperson said, “Dale will be responsible for delivering the company’s global casualty reinsurance strategy, including product development and portfolio growth, reporting to Dominic Peters, CEO, Envelop Underwriting. Chris Baddeley …

Ashley’s Lemonade hosted its Back-to-School Lemonade Making Event this weekend, bringing families and children together for an afternoon of refreshments and activities. Attendees enjoyed fresh lemonade and also had the opportunity to make their own drinks by squeezing lemons at a hands-on station. The event also featured crafts, picnic areas and time for families and …

Bermuda is shortlisted for International Financial Centre of the Year, with Claire van Overdijk KC, Wakefield Quin, Appleby, Campbells, Maples Group, Walkers, IQ-EQ and Ocorian also shortlisted. A spokesperson said, “The excellence of Bermuda’s wealth management sector is once more reflected in the shortlist of the Citywealth International Financial Centre Awards 2027. With the judges …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, September 19th. On Sunday the Norwegian Aqua cruise ship and the Oleander container ship are expected, on Monday the Vision of the Seas cruise ship and the Grit Cement IV discharge ship will arrive, and on …

AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a” [Excellent] of the members of Ally Insurance Group [Ally Insurance]. The members include Motors Insurance Corporation and its reinsured subsidiaries, MIC Property and Casualty Insurance Corporation and CIM Insurance Corporation, as well as an affiliate, Ally …

Mosaic Insurance has launched HALO, an AI-powered digital underwriting system designed to bring complex specialty products to the small and midsize enterprise market. A spokesperson said, “Mosaic Insurance today launched HALO, a digital underwriting system designed to quickly bring complex specialty products to the small and midsize enterprise [SME] market. The AI-powered initiative combines broker …

Gibbons Company has launched its “Glam Up The Bra” competition for Breast Cancer Awareness Month, inviting the public to decorate a bra for a $10 minimum donation to the Bermuda Cancer & Health Centre, with entries due by 6pm on Friday, October 16. Gibbons Company posted the graphic online below, saying, “It’s time to get …

AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Ardellis Insurance Ltd. [Ardellis] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Ardellis’ balance sheet strength, which AM Best assesses as very strong, as well …

September 17 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,764.10, 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 16 2026 Bermuda Stock Exchange Report: Sept 15 …

The Adara Group has raised more than AUD $1 million [BDA $711,000] through its Nepal Flood Emergency Appeal to support communities affected by devastating floods, which killed more than 1,000 people and caused catastrophic damage. A spokesperson said, “The Adara Group, founded in Bermuda in 1998, has swung into action to support thousands of people …

September 16 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,764.10, 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 15 2026 Bermuda Stock Exchange Report: Sept 14 …

The City of Hamilton has released its latest promotional video for Taste of Bermuda 2026, running October 8-11, featuring a new weekend line-up of culinary experiences including a tabletop dining theatre and Bermuda’s first-ever edible movie screening. A spokesperson said, “As previously shared, this year’s Taste brings a fresh new weekend line-up, including two exciting …