Bernews

HSBC Bermuda is warning business customers about a fraud scam involving criminals impersonating HSBC employees. A spokesperson said, “HSBC Bermuda is warning business customers about an ongoing fraud scam in which criminals are impersonating HSBC employees and attempting to trick clients into approving or disclosing information about transactions.” “We are continuing to receive reports of …

The Lumina Festival’s second annual Financial Literacy Summit will take place on Friday, September 25, with the full-day programme approved for six hours of Continuing Professional Development [CPD] credit by CPA Bermuda. A spokesperson said, “The Lumina Festival is pleased to announce that its second annual Financial Literacy Summit has been approved for six hours …

Allshores has expanded access to Cleveland Clinic’s U.S. network of hospitals, physicians and specialty services for Bermuda members with overseas healthcare coverage. A spokesperson said, “Cleveland Clinic’s comprehensive healthcare services are now available to more people in Bermuda, through the Allshores networks. “Allshores, a Bermuda-based provider of health insurance and medical assistance services, now includes …

September 15 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 14 2026 Bermuda Stock Exchange Report: Sept 11 …

The Bermuda Monetary Authority will launch its week-long World Investor Week 2026 campaign from 5–9 October, focusing on financial literacy, investor resilience, digital deception and scam prevention. A spokesperson said, “The tenth anniversary celebration of World Investor Week will commence on Monday, 5 October 2026, with a public education campaign dedicated to raising awareness of …

Bamboo Insurance Services, Inc., a technology-enabled, underwriting-first, and capital-light managing general underwriter focused on homeowners’ coverage, has launched the roadshow for its proposed initial public offering of 35,000,000 shares of its Class A common stock. A spokesperson said, “The offering consists entirely of secondary shares to be sold by entities affiliated with CVC Capital Partners …

Chancery Legal has appointed Aqueelah Simmons as Director of Litigation. A spokesperson said, “In her new role, Aqueelah plays a pivotal part in shaping the Firm’s continued growth, success, and development. As a key member of the Firm’s leadership, she will oversee its litigation practice while continuing to deliver the strategic, practical, and client-focused legal …

Appleby has announced a significant minority investment from affiliates of New Mountain Capital to support the company’s growth strategy. A spokesperson said, “Appleby Global Group LLC, a leading offshore legal and corporate services platform, and affiliates of New Mountain Capital, LLC, a leading growth-oriented investment firm with approximately $60 billion in assets under management, today …

The Bermuda Monetary Authority will launch its 10th annual World Investor Week campaign from October 5–9, promoting financial literacy, investor awareness and informed decision-making. A spokesperson said, “The tenth anniversary celebration of World Investor Week will commence on Monday, 5 October 2026, with a public education campaign dedicated to raising awareness of the importance of …

September 14 saw 1,150 shares trade on the Bermuda Stock Exchange, valued at $31,740.00 BD. 1,150 shares were traded by Allshores Limited, closing up 2.2% at $27.60 per share. The BSX finished at 3,764.10, up 0.16% on the day. There was 1 advance, 0 declines, and 42 remained unchanged. The full report for the day …

Vantara Relocation, Bermuda’s specialist relocation services provider, has entered into a new agreement with Tax Advisory Partnership to provide UK and US tax compliance and advisory services to clients relocating to or from Bermuda. A spokesperson said, “The agreement strengthens Vantara Relocation’s ability to provide clients with a comprehensive relocation experience by connecting them with …

Verdant Rock Limited, a Bermuda‑based Class 3B insurer and financial guarantor focusing on emerging markets, has closed a 30% quota share reinsurance treaty with a panel of leading global reinsurers. A spokesperson said, “The panel carries an average financial strength rating of A+ from either AM Best or S&P, marking a significant milestone for the …

The Bermuda Chamber of Commerce has raised concerns about the Government’s recent legislative and regulatory measures, and released a position paper on the “concerns of regulatory overreach in Bermuda.” The document said, “The Bermuda Chamber of Commerce has been actively monitoring and participating in various legislative measures that the Government has been pursuing. Its immediate …

Appleby Bermuda is advising Wilton Re on its partnership with Sun Life Financial to form the Windsor Life reinsurance structure. A spokesperson said, “Appleby Bermuda is advising Wilton Re, a provider of in-force and reinsurance solutions, in its strategic reinsurance and asset management partnership with Sun Life Financial Inc., an international financial services organization in …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, September 12th. On Saturday the Carnival Venezia cruise ship and the Daedalus Leader auto carrier are expected, on Monday the Oleander container ship and the Independence of the Seas cruise ship will arrive, and on Tuesday …

AM Best has affirmed A [Excellent] and “a” [Excellent] ratings for Rembrandt Insurance Company, Ltd., with a stable outlook. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Rembrandt Insurance Company, Ltd. [Rembrandt] [Bermuda], a captive [re]insurer of Vitol …

Age Concern Bermuda is “calling for accessibility, responsiveness and direct consumer support to remain central to Bermuda’s proposed competition and consumer-protection reforms, as the public consultation on Promoting Competition and Market Fairness in Bermuda approaches its September 15 deadline.” A spokesperson said, “Age Concern welcomes the potential benefits of a stronger competition framework, including greater …

Fitch Ratings “expects strong growth in offshore life reinsurance to continue, with Bermuda remaining the dominant primary jurisdiction.” A statement from the organization said, “Offshore reserves ceded by U.S. life insurers have nearly doubled since 2020 to reach $1.3 trillion in 2025, with Bermuda accounting for 85% of the total, according to Fitch Ratings’ new …

September 10 saw 1,600 shares trade on the Bermuda Stock Exchange, valued at $93,280.00 BD. 1,600 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $58.30 per share. The BSX finished at 3,758.22, even on the day. There were 0 advances, 0 declines, and 43 remained unchanged. The full report for the …

Compre Group Holdings Limited has renewed its Renewable Loss Portfolio Transfer agreement with French insurer Wakam S.A. A spokesperson said, “Compre Group Holdings Limited [Compre], the Bermuda-domiciled international speciality reinsurance group, today announces it has renewed its Renewable Loss Portfolio Transfer agreement with French insurer Wakam S.A. [Wakam]. “The original transaction between Compre and Wakam …

September 9 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,758.22, 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 8 2026 Bermuda Stock Exchange Report: Sept 4 …

Appleby has welcomed Bermudian lawyer Kilian Elkinson as a Senior Associate in its Dispute Resolution department. A spokesperson said, “Appleby is delighted to welcome Bermudian Kilian Elkinson, as a Senior Associate in its Dispute Resolution department, whose reputation for excellence continues to attract outstanding legal talent from Bermuda and beyond. “Kilian specialises in complex commercial …

Devonshire Recreation Club, Somerset Bridge Recreation Club, Pembroke Hamilton Club [PHC] and E Sports Bermuda graduated from BEDC’s Sports Club Business Planning Incubator, with each club receiving a $5,000 grant to help implement its business plan. A spokesperson said, “The Bermuda Economic Development Corporation [BEDC] celebrated the graduation of the second cohort of its Sports …

Mosaic Insurance has launched an AI Lab and Forward Deployed Engineer [FDE] Program as “part of a company-wide commitment to accelerating practical adoption of artificial intelligence across its business functions.” A spokesperson said, “Mosaic’s AI Lab is a new unit working across its businesses to develop and deploy in-house AI capabilities that improve day-to-day operations. …

PwC opened the 68th Rendez-Vous de Septembre in Monte Carlo with discussions on reinsurance market conditions, AI-driven transformation, capital and emerging growth opportunities. A spokesperson said, “PwC kicked off the 68th edition of Rendez-Vous de Septembre – the industry’s largest annual gathering – with its flagship Executive Breakfast at the Hotel Hermitage in Monte Carlo. …

Conduit Holdings has announced that Neil Eckert will step down as CEO in March 2027 and will be succeeded by Christian Dunleavy, who brings more than 25 years of reinsurance industry experience. A spokesperson said, “Conduit Holdings, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, today announces that Neil Eckert will …

AXIS Capital Holdings Limited unveiled a new brand campaign celebrating its 25-year history of providing specialty insurance and reinsurance solutions to customers. A spokesperson said, “The company was formed in the aftermath of the September 11 tragedy to address a void in the market for specialist capacity. Since its modest beginnings as a start-up, AXIS …

September 8 saw 5,000 shares trade on the Bermuda Stock Exchange, valued at $40,000.00 BD. 5,000 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.8% at $8.00 per share. The BSX finished at 3,758.22, down 0.03% on the day. There were 0 advances, 1 decline, and 42 remained unchanged. The full report …

Vantage Group Holdings Ltd. has appointed Yves Charbonneau as Chief Risk Officer, bringing nearly three decades of actuarial and enterprise risk experience across the insurance and reinsurance industries. A spokesperson said, “Vantage Group Holdings Ltd. today announced that Yves Charbonneau, FCAS, FCIA, has joined Vantage as Chief Risk Officer. He will serve as a member …

Bermudian Mahkai Foggo has launched Allure Relocations, which is “designed to make the transition from Bermuda to the UK smoother, more organized and less stressful for students, professionals and families.” “I wanted to create a service that takes away the guessing,” Ms Foggo told Bernews. “Moving to another country is a huge step, and there …

Cedar Trace Underwriting announced its entry into the Lloyd’s market with a new $300m syndicate for the 2027 underwriting year, following in-principle approval from the Lloyd’s Council at its meeting on 2nd September. A spokesperson said, “Led by Richard Holden, CUO, Cedar Trace, the syndicate will write a diversified reinsurance portfolio alongside a delegated direct …

Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, announced the launch of Novark, a new insurance management and securities administration platform designed to make insurance risk more accessible to capital. A spokesperson said, “Novark is the first platform to enable near real-time data updates on insurance investments, offering investors greater …

AM Best affirmed and withdrew NEWGT Reinsurance Company’s A- and “a-” ratings after the company requested to leave its rating process. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of NEWGT Reinsurance Company, Ltd. [NEWGT] [Bermuda]. The outlook of …

AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] of Peak Reinsurance Company Limited [Peak Re] [Hong Kong] and its subsidiaries, Peak Reinsurance AG [Switzerland] and Peak Reinsurance North America Ltd. [Bermuda] and said the outlook of these Credit Ratings is stable. A statement from …

The Office of the Tax Commissioner advised that “effective 1 October 2026, the recharge fee applied to Payroll Tax payments made by credit or debit card will increase from 1.5% to 2.5%.” A Government spokesperson said, “The increase to 2.5% aligns the recharge fee more closely with the actual charges imposed by the Government’s banking …

AM Best affirmed AXIS Capital’s A [Excellent] and “a+” [Excellent] ratings, with a stable outlook, citing its strong balance sheet and favorable business profile. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a+” [Excellent] of the operating subsidiaries of AXIS Capital …

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

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, September 5th. On Saturday the Norwegian Aqua cruise ship is expected, on Sunday the Cielo di New York discharge ship and the Oleander container ship will arrive, and on Monday the Vision of the Seas cruise …

Watlington Waterworks Limited reported net income of $1.13 million for the first six months of 2026, compared with $2.0 million for the corresponding period in 2025. Earnings per share were $1.03, compared with $1.84 in 2025. The filing with the BSX stated, “The Metered Water Division sold 100 million gallons [MG] during the first six …

September 4 saw 2,200 shares trade on the Bermuda Stock Exchange, valued at $128,260.00 BD. 2,200 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.0% at $58.30 per share. The BSX finished at 3,759.40, down 1.80% on the day. There were 0 advances, 1 decline, and 42 remained unchanged. The full report …

Conduit Re has announced three senior appointments, confirming that Aaron Coates has been appointed head of property, Mark Mitchell head of US property and Dacotah Baksh has been appointed property underwriter. A spokesperson said, “Conduit Holdings Limited, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, is pleased to announce three senior …

Aspida Holdings has appointed Brian Lewis as Chief Financial Officer of Aspida Life Re Ltd., bringing more than 13 years of reinsurance finance, capital management and regulatory reporting experience to the Bermuda-based platform. A spokesperson said, “Aspida Holdings Ltd. today announced the appointment of Brian Lewis as Chief Financial Officer of Aspida Life Re Ltd. …

September 3 saw 1,000 shares trade on the Bermuda Stock Exchange, valued at $59,500.00 BD. 1,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.1% at $59.50 per share. The BSX finished at 3,828.49, up 1.92% on the day. There was 1 advance, 0 declines, and 42 remained unchanged. The full report …

Triangle Eight Group, the integrated professional services group for the [re]insurance industry, celebrates its first anniversary in business today. A spokesperson said, “The anniversary comes as new figures underline the market the Group was built to serve: more than 35 new insurers registered by the Bermuda Monetary Authority so far this year, on pace for …

Africa Specialty Risks [ASR], the developing markets-focused [re]insurance group, announced that Moody’s Ratings has upgraded ASR Re Limited’s Insurance Financial Strength Rating to ‘A3’ from ‘Baa1’. The outlook for this rating is Stable. Mikir Shah, Chief Executive Officer, commented: “We are delighted that Moody’s has upgraded ASR Re to an A3 rating. This upgrade recognises …

September 2 saw 2,000 shares trade on the Bermuda Stock Exchange, valued at $116,500.00 BD. 2,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.1% at $58.25 per share. The BSX finished at 3,756.52, up 0.08% on the day. There was 1 advance, 0 declines, and 42 remained unchanged. The full report …

The Fidelis Partnership [TFP] today announced the appointments of Helen Wilson as Reinsurance Chief Underwriting Officer*, and Sarah Ching as Senior Underwriter, International Property. A spokesperson said, “These appointments further strengthen TFP’s underwriting capability and leadership in Bermuda and support the continued growth of its footprint on the island. Over the last 18 months, TFP …

The Bank of N.T. Butterfield & Son Limited did not repurchase any common shares during August 2026. 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 did not repurchase any common …

September 1 saw 535 shares trade on the Bermuda Stock Exchange, valued at $31,135.25 BD. 535 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.1% at $58.20 per share. The BSX finished at 3,753.65, up 0.08% on the day. There was 1 advance, 0 declines, and 42 remained unchanged. The full report …

The Bermuda Government is seeking a contractor to carry out interior and exterior painting work at Gibb’s Hill Lighthouse in Southampton. According to the Government procurement notice, the work will include “interior and exterior surface preparation to the cast iron lighthouse and ancillary components including landings, ceilings, balcony, railings, roof, exterior utility room, and adjoining …