Bernews

Willis Re, the international reinsurance broker, announced the appointments of Jonathan Ogilvie as Global Head of Non-Marine Specialties and Chris Dart as Head of Treaty Reinsurance, Bermuda, effective immediately. A spokesperson said, “In their roles, Ogilvie and Dart will be responsible for leading their respective teams, managing portfolio performance, and contributing to the expansion of …

June 11 saw 5,000 shares trade on the Bermuda Stock Exchange, valued at $40,750.00 BD. 5,000 shares were traded by LOM Financial Limited, closing up 1.9% at $8.15 per share, while another 900 shares were traded by Allshores Limited, closing down 8.3% at $22.00 per share. The BSX finished at 3,641.59, down 0.50% on the …

Aircare Ltd. is celebrating 40 years in business and will offer special customer deals throughout 2026 and into 2027. A spokesperson said, “Aircare Ltd. is celebrating 40 years in business and has announced that the Company will be offering special deals for customers during 2026 into 2027. Staff will also be dedicating 40 hours of …

Banyan Risk has launched a new Healthcare Professional Liability product and Kim Morgan has joined Banyan Risk as Lead Underwriter, Healthcare, based in Bermuda. A spokesperson said, “Banyan Risk Ltd [“Banyan Risk”], the specialty Managing General Agent [MGA], has launched a new Healthcare Professional Liability product under Banyan Risk Ltd in Bermuda, with strategic capacity …

Watlington Waterworks Limited has declared a July 2026 dividend of BD$0.50 per share to shareholders of record as at July 10, payable on July 29. The filing with the BSX stated, “The company announces that at a recent meeting of the Board of Directors of the Company, a special dividend in the amount of BD$0.50 per share was …

Willis Re, an international reinsurance broker, announced the appointment of John Fletcher as Chief Executive Officer, Willis Re Bermuda, effective immediately. A spokesperson said, “In this role, Fletcher will be responsible for leading Willis Re’s Bermuda platform, driving business growth and the continued development of an industry-leading team. He will oversee the execution and implementation …

June 10 saw 2,194 shares trade on the Bermuda Stock Exchange, valued at $124,048.00 BD. 2,194 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $57.00 per share. The BSX finished at 3,660.01, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the …

Convex Group has secured USD175 million of retrocessional reinsurance protection from the capital markets through its Hypatia Ltd. [Series 2026‑1] catastrophe bond issuance. An Appleby spokesperson said, “This is the fourth catastrophe bond sponsored by Convex through Hypatia Ltd., with the Series 2026‑1 issuance providing coverage for its reinsurer underwriting entity, Convex Re, and its subsidiaries …

The Fidelis Partnership has announced that Alex Rossiter has been appointed Head of Portfolio Analytics & Risk Allocation, while Greg Bowman has been appointed as Group Head of Ceded Reinsurance Analytics. A spokesperson said, “The Fidelis Partnership [“TFP”] today announces two senior appointments that strengthen its technical underwriting, portfolio analytics and group‑level ceded reinsurance capabilities. Alex …

Distinguished Programs has expanded into the reinsurance market with the launch of DistinguishedRe Property, a new property reinsurance platform led by industry veteran Frank DiPaola and backed by Bermuda-based Antares Reinsurance Company Limited. A spokesperson said, “Distinguished Programs [“Distinguished”], a leading national MGA and insurance program manager, today announced its expansion into the reinsurance market with …

“Our proposed Bermuda domicile enabled us to structure the security in a way that is attractive to investors,” the CEO of Marex Group said. A statement from the company said, “Marex Group plc a diversified global financial services platform, on Tuesday announced that it has completed its offering of US$500 million perpetual subordinated resettable fixed …

June 9 saw 9,000 shares trade on the Bermuda Stock Exchange, valued at $513,000.00 BD. 9,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.7% at $57.00 per share. The BSX finished at 3,660.01, up 2.42% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report …

International General Insurance Holdings Ltd. [IGI] has secured registration approval to operate an IFSCA Insurance Office in India’s Gujarat International Finance Tec-City [GIFT City]. A spokesperson said, “International General Insurance Holdings Ltd. [IGI or the Company] today announced that it has secured registration approval from the International Financial Services Centres Authority [IFSCA] to operate an …

Miller, the leading independent specialist [re]insurance broker, announced the appointment of Peter Stubbings as Chairman of Miller Bermuda. A spokesperson said, “With over four decades of reinsurance industry experience, Peter brings deep expertise across multiple lines of business and a wealth of client relationships across London, Bermuda, the Caribbean and the Nordics. He joins Miller …

June 8 saw 1,000 shares trade on the Bermuda Stock Exchange, valued at $33,500.00 BD. 1,000 shares were traded by Watlington Waterworks Ltd, closing up 4.7% at $33.50 per share. The BSX finished at 3,573.65, up 0.05% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the …

26North Reinsurance Holding Company announced an agreement to acquire Independent Insurance Group, parent company of Independent Life Insurance Company, a specialist provider of structured settlement annuities. A spokesperson said, “26North Reinsurance Holding Company [26North Re] announced that it has entered into a definitive agreement to acquire 100% of Independent Insurance Group, LLC [Independent Group], which …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, June 6th. On Saturday the Independence of the Seas and the Norwegian Jewel cruise ships and the Belle-Poule ship are expected, on Sunday the Oleander container ship will arrive, and on Monday the Norwegian Aqua and …

Resolution Life, a global life insurance group focusing on reinsurance and the acquisition and management of portfolios of life insurance policies, today announced the closing of three separate transactions in Asia. A spokesperson said, “Covering policies in Hong Kong and Japan, these transactions reinforce Resolution Life’s commitment to the growth of the primary life insurance …

Walkers is marking 10 years in Bermuda, celebrating a decade of growth, legal excellence, and investment in developing local talent since opening its office in 2016. A spokesperson said, “Walkers, the international legal and professional services firm, celebrates 10 years of delivering exceptional legal services in Bermuda. Since opening the firm’s doors in 2016, Walkers’ …

“Vantage Group Holdings Ltd. announced that it has been “successfully acquired” by Howard Hughes Holdings Inc. [HHH]. A spokesperson said, “The all-cash transaction, valued at approximately $2.1 billion, closed following receipt of all required regulatory approvals. With the closing complete, Vantage anchors Howard Hughes’ transformation into a diversified holding company. “Founded in 2020, Vantage has …

Cedar Trace announced the appointment of Chris Wilson as Managing Director of Cedar Trace Capital Management, further strengthening the firm’s leadership team as it continues to expand its insurance-linked securities [ILS] and investment management platform. A spokesperson said, “Based in Bermuda, Wilson will support key ILS operational functions while supporting underwriting, investor relations, fund-raising, and …

The Fidelis Partnership [TFP] announced the launch of the TFP PVT Consortium, which “brings together leading Lloyd’s syndicates to deploy meaningful new capacity into the War, Terror and Political Violence [WTPV] market at a time of heightened global demand and significant market dislocation resulting from the Middle East conflict.” A spokesperson said, “The Consortium, placed …

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

The Bermuda Monetary Authority has launched a discussion paper seeking stakeholder feedback on potential new banking models, with a closing date of August 1st, 2026. The paper states, “This Discussion Paper represents the initial step towards a comprehensive proposal to enhance Bermuda’s banking industry and seeks to engage stakeholders by highlighting potential new banking models that …

Seadrill Limited shareholders approved all resolutions presented at the company’s 2026 Annual General Meeting in Bermuda, including the re-election of nine directors, the appointment of auditors, executive compensation measures, and an amendment to the company’s management incentive plan. A spokesperson said, “Seadrill Limited today announced the 2026 Annual General Meeting of the Shareholders of the …

June 3 saw 2,021 shares trade on the Bermuda Stock Exchange, valued at $48,504.00 BD. 2,021 shares were traded by Allshores Limited, closing even at $24.00 per share. The BSX finished at 3,598.44, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available …

An AI Sales Lab: Cup Match Edition workshop will be held this Friday [June 5] at the Bermuda Chamber of Commerce and is “designed to give entrepreneurs, creatives, and retail businesses the modern tech tools they need to convert holiday buzz into year-round revenue.” A spokesperson said, “Cup Match is about more than cricket, camp …

Paradise Mobile has wrapped up its Heritage Month Art Showcase at its 24 Reid Street store, featuring 22 local artists under the “For de Culture” theme. A spokesperson said “Paradise Mobile has successfully wrapped up its Heritage Month Art Showcase at its 24 Reid Street flagship store. The exhibition featured 22 local artists celebrating the …

PwC Bermuda announced a multi-year commitment to the Living Reefs Foundation, a local marine conservation organization dedicated to protecting and restoring Bermuda’s critical coral reef ecosystems. A spokesperson said, “The support consists of assurance service hours annually for five years and $60,000 in financial support for the Foundation’s Coral Garden initiative, including the development of …

Convex Group Limited announced the launch of Kinetic Insurance Services, a wholly owned, technology-enabled Managing General Agency [MGA] which will start trading in Q4 2026. A spokesperson said, “The MGA has received FCA regulatory approval and will be led by Theo Butt, former CEO of Convex Insurance UK LTD. Anne Middleton has taken over as …

Effective June 1st 2026, Mereo Insurance Ltd has commenced underwriting the first Excess Casualty Energy policies under a renewal rights transaction undertaken between Everen and Cedar Trace, the insurance, reinsurance, and asset management group that is strategically aligned with Mereo. A spokesperson said, “Under the transaction, ESL’s underwriting team and underwriting systems supporting the portfolio …

Arch Capital Group Ltd. announced the pricing of a $2 billion senior notes offering, with proceeds earmarked for debt retirement, tender offers, and general corporate purposes ahead of its expected June 9 closing. The company said, “Arch Capital Group Ltd. [NASDAQ: ACGL] [“Arch” or the “Company”] announced today the pricing of its offering of $600,000,000 …

June 2 saw 5,756 shares trade on the Bermuda Stock Exchange, valued at $322,336.00 BD. 5,756 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.8% at $56.00 per share. The BSX finished at 3,598.44, up 1.63% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report …

Pinnacle Actuarial Resources, Inc. announced that it has acquired Bermuda-based Ordinance Holdings Limited and the renewal rights for clients of Canadian firm Grape Bay Actuarial Consulting Inc, effective June 30, 2026. A spokesperson said, “Ordinance, located in Hamilton, Bermuda, provides actuarial consulting services to insurance, reinsurance, captive insurance and segregated accounts companies. Grape Bay is …

Trebuchet Group Holdings Limited announced the appointment of Heather Bisbee as Group Finance Director. A spokesperson said, “Trebuchet Group Holdings Limited is pleased to announce the appointment of Heather Bisbee as Group Finance Director, effective 13th April 2026. “Heather is an experienced senior financial manager with high-level experience in the re/insurance industry in both regulatory …

Bermuda Is Love announced the launch of its 2026 Summer Internship Programme, a paid two-week internship designed to provide young people with hands-on experience in social justice, human rights, and community advocacy. A spokesperson said, “The programme will take place from July 13–24, 2026, at the Bermuda Is Love Law Office located at 38 Union …

Navium Marine, the marine-focused specialty MGA operating through The Fidelis Partnership’s Pine Walk platform, has partnered with Overhaul, a provider of global cargo risk management, to launch a “first-of-its-kind insurance solution built on real-time visibility of AI infrastructure cargo.” A spokesperson said, “The Helix Consortium connects Overhaul’s cargo risk management technology with the world’s leading …

Beazley announced that Stefan Wunderlich has been appointed Head of Alternative Risk Transfer [ART] alongside his existing role as Head of Parametric. A spokesperson said, “Beazley, the leading specialty insurer, today announces that Stefan Wunderlich has been appointed Head of Alternative Risk Transfer [ART] alongside his existing role of Head of Parametric and will be …

The Bank of Butterfield repurchased 134,043 common shares for cancellation in May 2026 at an average price of $55.79. The filing with the BSX stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company repurchased for cancellation 134,043 common shares at …

AM Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Ratings of “aa-” [Superior] of the operating affiliates of Allied World Assurance Company Holdings, Ltd.’s [Allied World Holdings] [Bermuda], collectively referred to as Allied World. Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” [Excellent] of Allied World …

The Bermuda Airport Authority’s 2023-2024 Annual Report, which highlighted increased air connections, the launch of BermudAir and continued recovery in passenger arrivals, was presented in the House of Assembly on Friday [May 29]. Lawrence Scott, Chairman Bermuda Airport Authority, said, “The Bermuda Airport Authority’s vision and mission is to connect Bermuda to the world by …

Carnival Corporation has begun notifying individuals whose personal data was affected by the cybersecurity incident, with the cruise ship giant noting that “an unauthorized actor used social engineering to deceive an employee to gain access to a limited portion of the company’s IT system.” A spokesperson said “Carnival Corporation today announced that notification letters have …

A New York Times report on taxes has stated that some companies avoided taxes “by attributing hundreds of billions of dollars in earnings to low- or no-tax jurisdictions such as Cyprus, Bermuda, Switzerland, and the Cayman Islands.” The New York Times report said, “A year ago, the Trump administration withdrew from a global effort to …

ShaMaran Petroleum Ltd said they have “completed their previously announced corporate continuance from Canada to Bermuda.” A spokesperson said, “The Company’s shares have been delisted from the TSX Venture Exchange in Toronto [TSXV] and are expected to begin trading under ticker symbol ‘SNM’ on the Euronext Growth Oslo market [EGO] operated by the Oslo Stock …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, May 30th. On Saturday the Norwegian Jewel and the Vision of the Seas cruise ships are expected, on Monday the Oleander container ship, the Norwegian Aqua and the Independence of the Seas cruise ships will arrive, …

Bermuda Skyport Corporation Limited is inviting local food vendors to sign up by July 31 for the Safety & Wellness Expo on October 6. A spokesperson said, “Calling all local food vendors — join us on October 6 at the Safety & Wellness Expo. “Senior school students, airport stakeholders, and the public will be onsite …

The Government intends to purchase the Compass Point Building on Bermudiana Road, Minister of Public Works and Environment Jache Adams said, adding that the building “provides over 81,000 square feet of structurally sound office space” and the negotiated purchase price is $14.5 million. Speaking in the House of Assembly today [May 29] the Minister said, “I …

Convex Group Limited has received in principle approval to launch Lloyd’s Syndicate 1987, which is planned to commence underwriting on 1st July 2026, subject to appropriate regulatory approvals. A spokesperson said, “With capacity to support the approved business plan provided by Convex, Syndicate 1987 will focus exclusively on long-tail specialty lines, deploying capacity across a …

May 28 saw 4,212 shares trade on the Bermuda Stock Exchange, valued at $100,908.00 BD. 4,212 shares were traded by Allshores Limited, closing up 0.8% at $24.00 per share. The BSX finished at 3,540.87, up 0.06% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

Carey Olsen Bermuda acted as joint lead counsel on the Bank of Butterfield’s US$1.8 billion acquisition of CIBC’s 91.7% stake in Caribbean Bank Limited. A spokesperson said, “Carey Olsen in Bermuda has acted as joint lead counsel to The Bank of N.T Butterfield & Son Limited [Butterfield] on its landmark US$1.8 billion acquisition of CIBC’s …