Bernews

The City of Hamilton has unveiled the 2026 Taste of Bermuda programme, featuring four days of culinary experiences from October 8 to 11. A spokesperson said, “Hamilton’s most anticipated culinary weekend is back! Taste of Bermuda returns this October with four unforgettable days of bold flavours, immersive dining, and one-of-a-kind culinary experiences, as the City …

August 18 saw 7,751 shares trade on the Bermuda Stock Exchange, valued at $451,900.00 BD. 7,351 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.8% at $60.00 per share, while another 400 shares were traded by Allshores Limited, closing even at $27.10 per share. The BSX finished at 3,858.25, up 0.75% on …

Conduit Holdings has appointed Mark Pickering as Chief Financial Officer effective November 30th. A spokesperson said, “Conduit Holdings, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, is pleased to announce the appointment of Mark Pickering as Chief Financial Officer [CFO] with effect from 30 November 2026. Mark will join the Board …

Walkers has welcomed eight students — Eliana Kirkos, Amaya Foy, Owen Neal, Erin Jones, Za’Khari Turner, Kennedy Wilks, Helena Thomas and Charlotte Peckett — to its Bermuda office for the 2026 legal internship programme. A spokesperson said, “Walkers, the international legal and professional services firm, has welcomed eight students to the firm’s Bermuda office as …

Miller, the independent specialist [re]insurance broker, announced the appointment of Harry Vickers as a Senior Director, Property for Miller Bermuda. A spokesperson said, “Harry joins from Gallagher and brings a wealth of experience across complex property risks, as well as a deep understanding of the Direct and Fac market in Bermuda. “In his new role, …

The Office of Youth Affairs [TOYA] held a Youth Entrepreneur Expo on the City Hall front lawn this weekend. A spokesperson said, “On Saturday, August 15th, the City Hall Front Lawn came alive for the Office of Youth Affairs [TOYA] Youth Entrepreneur Expo, held in celebration of International Youth Day. “Minister of Youth, Social Development and …

PwC Bermuda has announced an “exceptional lineup of global industry leaders for its 19th annual Insurance Summit, bringing together some of the sector’s most influential decision-makers to discuss the risks, opportunities and strategic choices shaping the future of re/insurance.” A spokesperson said, “The Summit takes place on 10 November 2026 at the Hamilton Princess Hotel …

Polaris — the parent company of Stevedoring Services and East End Asphalt  — reported its financial results for the year ended March 31, 2026. A spokesperson said, “On August 18, 2026 Polaris Holding Company Ltd. [“Polaris”], parent company to Stevedoring Services Limited [“SSL”], Surface Experts Ltd. [“SEL”], Duck’s Puddle Properties Ltd [“DPP”] and Ornamental Concrete Products …

Gold Reserve Ltd said they are “very pleased to announce the release of José Ignacio Moreno Suárez from the Rodeo I prison in Venezuela.” The Company is listed on the TSX Venture Exchange the Bermuda Stock Exchange, and its filing said, “José was the Company’s attorney and legal representative in Venezuela when he was detained …

August 17 saw 2,900 shares trade on the Bermuda Stock Exchange, valued at $16,210.00 BD. 1,200 shares were traded by Devonshire Industries Ltd, closing even at $4.30 per share, while another 1,700 shares were traded by Bermuda Press [Holdings] Ltd, closing even at $6.50 per share. The BSX finished at 3,829.47, even on the day. …

The Supreme Court has dismissed a claim brought by Andrew Lundin Crisson against his former employer, H.S. & J.E. Crisson Limited, saying the “claim fails in its entirety.” The Supreme Court judgment [PDF] said, “This is my judgment following the trial of a claim brought by Andrew Lundin Crisson [the Plaintiff] against his former employer, …

Lester Nelson will retire as Bermuda Airport Authority CEO on October 1, following more than nine years leading the organisation. A spokesperson said, “The Bermuda Airport Authority announced that Chief Executive Officer Lester Nelson will retire effective 1 October 2026, following more than nine years of leadership and service to the Authority. “Mr Nelson joined …

The Fidelis Partnership [TFP] today announced the “successful pricing of a $2.04 billion refinancing, replacing its existing unitranche facility with a new senior secured Term Loan B facility.” A spokesperson said, “The Transaction improves TFP’s financial flexibility by significantly reducing TFP’s cost of debt to SOFR + 2.75% [previously SOFR + 5%] and providing access …

The Department of Sport and Recreation Summer Camp Registration Team — Director Kimberley Bean, Kenneth Bartram, Mia Butterfield, Michele Romaine, Anita Dowling, and Shelly-Ann Carter-Trott — earned the Public Service Excellence Award [PSEA] for July. A Government spokesperson said, “The Government of Bermuda announced today that the Department of Sport and Recreation Summer Camp Registration …

The Ministry of Justice hosted its ‘Justice Lounge: The Welcome Brief,’ bringing together Bermuda’s law students, pupils and early-career counsel for networking and engagement with members of the justice system. A Government spokesperson said, “The Ministry of Justice’s Justice Lounge: The Welcome Brief was held on Thursday evening at Deja View Restaurant in Barr’s Bay …

Marex Group Limited a diversified global financial services platform providing market access, infrastructure services and essential liquidity to clients across commodities and financial markets, today reported the Group’s preliminary unaudited financial results for the second quarter [‘Q2 2026’]. Ian Lowitt, Group Chief Executive Officer, stated, “We delivered record first half revenue and profitability, with Adjusted …

Mangrove Property Insurance Company [Mangrove] recently completed its catastrophe reinsurance program for the 2026-2027 cycle, ensuring its policyholders are protected with the record-setting reinsurance capacity. A spokesperson said, “Mangrove’s reinsurance program exceeds all regulatory and rating agency requirements, protects Mangrove and its policyholders to the 175-year return period and for events exceeding any in the …

The Loren Bermuda hosted its inaugural Summer Artisan Vendor Market on Friday [August 14], featuring local vendors, live entertainment, art experiences and more. A spokesperson previously said, “Set against the breathtaking oceanfront backdrop of The Disk, this open-air experience will showcase a curated collection of local artisans, designers, makers, and entrepreneurs offering handcrafted goods, art, …

The Bermuda Monetary Authority [BMA] has published a consultation paper on proposed guidance for the responsible use of AI in Bermuda’s regulated financial services sector. A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] has published The Responsible Use of Artificial Intelligence in Financial Services in Bermuda, a Consultation Paper on a proposed Guidance …

RiverStone International has entered into LPT reinsurance agreements with QBE Insurance Group, representing approximately US$1.6 billion of reserves and further strengthening the long-standing relationship between the two organisations. A spokesperson said, “The transactions cover North American Middle Market and Workers’ Compensation portfolios, and European liability books. “The transactions are subject to regulatory approval.” Paul Brockman, …

In a filing with the Bermuda Stock Exchange [BSX], LOM Financial Limited announced that its Board of Directors authorised management to repurchase up to 400,000 shares. The full filing says, “At a meeting held on 29th July 2026, the Board of Directors authorized management to purchase up to 400,000 shares, pursuant to Regulation 6.38 of …

August 13 saw 1,200 shares trade on the Bermuda Stock Exchange, valued at $39,000.00 BD. 200 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.9% at $59.50 per share, while the other 1000 shares were traded by Allshores Limited, closing down 6.6% at $27.10 per share. The BSX finished at 3,829.47, down …

Pelagos Insurance Capital –  formerly known as Fidelis Insurance Holdings — announced its financial results for the second quarter ended June 30, 2026. Dan Burrows, Group Chief Executive Officer of Pelagos Insurance Capital, commented: “Our first-half performance reflects the continued success of our capital allocator model and our underwriting discipline. Year-to-date, we grew gross premiums …

AM Best has affirmed an A [Excellent] rating for Bermuda-based Cavello Bay Re, a subsidiary of Enstar, citing strong financials and a stable outlook. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A [Excellent] and a Long-Term Issuer Credit Rating of “a+” [Excellent] of Cavello Bay Reinsurance Limited [Cavello Bay] [Bermuda], …

August 12 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,948.83, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: August 11 2026 Bermuda Stock Exchange Report: August 10 …

Hamilton Princess & Beach Club has recognized 29 students for their contributions this summer. A spokesperson said, “Hamilton Princess & Beach Club are proud to recognize and celebrate the outstanding group of 29 students who joined our team this season. “Throughout the summer, Bermuda’s young people brought enthusiasm, fresh perspectives, and a strong work ethic …

Google announced plans for a third subsea cable connection involving Bermuda, with the new Canoa system set to link the island directly with the Dominican Republic. Google’s announcement said, “Canoa is a new subsea cable system connecting the Dominican Republic to Bermuda. Canoa comes from the Taíno word for canoe, harkening to the longstanding maritime …

Harbour Nights returns to Front Street tonight [Aug 12] and this week’s lineup includes the City Town Crier, Energize Wellness, H&H Gombeys, Ronnie & The Secrets and more. A spokesperson said, “Harbour Nights is back this Wednesday, August 12, 7-10 PM on Front Street! This week’s lineup features the City Town Crier, Energize Wellness, H&H Gombeys, and …

RiverStone International has appointed David Soutter as group chief risk officer, bringing more than 25 years of global re/insurance experience to the role. A spokesperson said, “RiverStone International today announced the appointment of David Soutter as group chief risk officer [CRO], reporting to group chief executive officer, Paul Brockman. “Soutter joined RiverStone International as head …

RiverStone International has appointed David Soutter as group chief risk officer, bringing more than 25 years of global re/insurance experience to the role. A spokesperson said, “RiverStone International today announced the appointment of David Soutter as group chief risk officer [CRO], reporting to group chief executive officer, Paul Brockman. “Soutter joined RiverStone International as head …

Allshores has announced a $3 million donation over three years to the Bermuda Cancer and Health Centre to “help improve access to advanced diagnostic capabilities and enhanced treatment services on-island.” A spokesperson said, “The gift builds on Allshores’ longstanding relationship with Bermuda Cancer and Health Centre through the Allshores Breast Cancer Awareness Walk, which celebrates …

The Bank of England has appointed Nicholas Segal — who has served as Assistant Justice of the Supreme Court of Bermuda — as Chairperson of its Enforcement Decision Making Committee, effective 1 August 2026. A spokesperson said, “Following an external recruitment process, the Bank of England [the Bank] has appointed Nicholas Segal as Chair of its …

August 11 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,948.83, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: August 10 2026 Bermuda Stock Exchange Report: August 7 …

The Loren Hotels has submitted an In-Principle Planning Approval application to redevelop the Elbow Beach Hotel into a ”luxury resort comprising 76 guestrooms and 22 detached villas that will operate as part of the resort’s rental inventory, with an anticipated opening in 2029 following extensive reconstruction.” A spokesperson said, “The Loren Hotels has submitted an application …

Bermuda’s young entrepreneurs will take centre stage at the Youth Entrepreneur Expo on Saturday, August 15, showcasing their creativity, innovation and business ventures at City Hall Front Lawn. A Government spokesperson said, “The Ministry of Youth, Social Development & Seniors, through the Office of Youth Affairs, invites the public to celebrate Bermuda’s next generation of …

“While final project costs are not yet available, the capsule homes are expected to be substantially less expensive than traditional residential construction,” the Government said. Total Of Nine Capsule Homes For The Project A listing late last year in the official notices stated that $207,730.00 was spent with Henan Sinova Enterprise Co Ltd for “Capsule …

L&G Reinsurance has appointed Tom Ault as Chief Executive Officer, succeeding Amy Ellison, who moves into a new role as Chief Internal Auditor for Legal & General. A spokesperson said, “A new chapter for L&G Reinsurance. On 1 August, we welcomed Tom Ault as Chief Executive Officer. “Tom joined the business in 2019 as Chief …

“The global reinsurance segment is at a critical inflection point as reinsurers’ strong earnings since 2023 have driven robust capital generation,” AM Best said. The ratings agency said, “With reinsurers’ capital now at record levels, growing competition is increasing pressure on reinsurance pricing, particularly in property lines, and according to a new AM Best report, the key …

August 10 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,948.83, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: August 7 2026 Bermuda Stock Exchange Report: August 6 …

Essent Group Ltd. reported net income for the quarter ended June 30, 2026 of $189.7 million or $2.08 per diluted share, compared to $195.3 million or $1.93 per diluted share for the quarter ended June 30, 2025. A spokesperson said, “Essent also announced today that its Board of Directors has declared a quarterly cash dividend …

The Progressive Labour Party [PLP] has welcomed the opening of the Palmetto Beach Club at Fairmont Southampton. PLP Chairperson Dawn Simmons said, “The Progressive Labour Party welcomes the opening of the Palmetto Beach Club at the Fairmont Southampton, an important milestone in the return of one of Bermuda’s most significant tourism properties. “For years, we …

AXIS Capital announced it has agreed to acquire the renewal rights to the Excess Liability business of DUAL North America, a leading specialty program administrator and part of DUAL Group, the specialist underwriting arm of Howden Group. A spokesperson said, “As part of the transaction, John Kopach, Executive Vice President of DUAL Excess Liability will join …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, August 8th. On Saturday the Carnival Sunshine, the Norwegian Jewel cruise ship and the Vision of the Seas cruise ships are expected, on Sunday the Oleander container ship will arrive, and on Monday the Independence of …

Assured Guaranty Ltd. announced its financial results for the three-month period ended June 30, 2026. Dominic Frederico, President and CEO, said: “At the midway point of 2026, Assured Guaranty’s key valuation metrics – shareholders’ equity, adjusted operating shareholders’ equity, and adjusted book value – all reached per share record highs, finishing at $126.18, $129.94 and $189.72, …

Hamilton Insurance Group, Ltd. today announced financial results for the second quarter ended June 30, 2026. Commenting on the results, Pina Albo, CEO of Hamilton, said: “Hamilton delivered another quarter of strong results, with net income of $144 million, a 21% annualized return on average equity, a 95% combined ratio, and strong investment income. Gross …

The Loren Bermuda will host its inaugural Summer Artisan Vendor Market on Friday, August 14. A spokesperson said, “Join us for an unforgettable evening celebrating Bermuda’s vibrant creative community at The Loren’s 1st Annual Summer Artisan Vendor Market. “Set against the breathtaking oceanfront backdrop of The Disk, this open-air experience will showcase a curated collection …

The Attorney-General and Minister of Justice, Senator Kim Wilkerson will host a Welcome Reception for Bermuda’s law students, pupils, and Counsel called to the Bermuda Bar within the past five years. A Government spokesperson said, “The reception brings the next generation of legal professionals together with Counsel within the different sections of the Ministry of …

Everest Group, Ltd. has entered into a definitive agreement to sell Compañía de Seguros Generales Everest México S.A. de C.V. to Fairfax Financial Holdings Limited. “This agreement reflects the disciplined execution of our strategic priorities and continues the transformation of Everest into a more focused, higher-performing organization,” said Jim Williamson, President and Chief Executive Officer …

August 5 saw 455,494 shares trade on the Bermuda Stock Exchange, valued at $13,209,300.00 BD. 455,494 shares were traded by Allshores Limited, closing up 3.6% at $29.00 per share. The BSX finished at 3,948.83, up 0.25% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

Talcott Financial Group has launched West Grove Re, a Bermuda-domiciled reinsurance sidecar, in partnership with Goldman Sachs. A spokesperson said, “Talcott Financial Group [“Talcott”], an international life insurance group providing comprehensive risk solutions for customers across the retirement and insurance industry, today announced the establishment of West Grove Re, Ltd. [“West Grove Re” or “the sidecar”], …