Bernews

August 4 saw 5,200 shares trade on the Bermuda Stock Exchange, valued at $309,750.00 BD. 5,200 shares were traded by Bank of N.T. Butterfield Ltd, closing up 5.5% at $61.25 per share. The BSX finished at 3,939.03, up 4.91% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report …

Agam Capital and Sompo Life Re have entered into a multi-year service agreement supporting Sompo Life Re’s new Bermuda-based life reinsurance platform. A spokesperson said, “Agam Capital [Agam], a global leader in technology-enabled insurance-asset and liability management and Sompo Life Re, Ltd [Life Re] have entered into a multi-year service agreement to support the operations …

Pelagos Insurance Capital Limited announced has declared a dividend of $0.15 per share, payable on September 25, to shareholders of record on September 15. A spokesperson said, “Pelagos Insurance Capital Limited [formerly known as Fidelis Insurance Holdings Limited], an expert capital allocator and risk selector in specialty insurance and reinsurance, announced today that its Board …

In a filing with the Bermuda Stock Exchange, LOM Holdings reported that their overall revenues were up 6.4%, however their costs were up 13.1%. LOM CEO Scott Lines said, “The first half of the year witnessed a blistering rally in the semiconductor stocks and all things AI related, as the global AI buildout dominated market sentiment. …

Bank of N.T. Butterfield & Son Limited did not repurchase any of its common shares during July 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 …

August 3 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,754.81, 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: July 29 2026 Bermuda Stock Exchange Report: July 28 …

Carey Olsen Bermuda is inviting law students, recent graduates, and anyone interested in pursuing a career in law to attend a student reception and open house on Tuesday 18 August 2026. A spokesperson said, “Attendees will have the opportunity to meet the Carey Olsen team, learn more about the firm’s culture and career opportunities, and …

Digicel Holdings Limited announced that Fitch Ratings has upgraded Digicel International Finance Limited’s Long-Term Issuer Default Rating to ‘B+’ from ‘B’, with a stable outlook. A spokesperson said, “Digicel Holdings Limited today announced that Fitch Ratings has upgraded Digicel International Finance Limited’s Long-Term Issuer Default Rating to ‘B+’ from ‘B’, with a stable outlook. “Fitch …

SiriusPoint reported $69 million in second-quarter net income and $168 million for the first half of 2026, with continued growth in core gross written premiums. A spokesperson said, “SiriusPoint Ltd. [SiriusPoint or the Company] [NYSE:SPNT], a specialty underwriter, today announced results for its second quarter ended June 30, 2026. Second Quarter 2026 Highlights Net income …

AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICRs] of “a+” [Excellent] of QBE Europe SA/NV [Belgium], QBE UK Limited [United Kingdom], QBE Capital [Global] Ltd. [Bermuda], QBE Capital Ltd. [Bermuda] and the pooled members of QBE North America Insurance Group. These companies are key …

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of Nissan Global Reinsurance, Ltd. [NGRe] [Hamilton, Bermuda]. The ratings agency said, “The Credit Ratings [ratings] reflect NGRe’s balance sheet strength, which AM Best assesses as very strong, …

[Opinion column written by Michael Fahy] Every government says the same thing about work permits, namely ”Bermudians first.” That is the right principle, but principles without competence are just slogans. Right now Bermuda’s work permit policy is failing on three counts. It is too slow, too opaque, and it is not delivering the jobs for Bermudians it promises. The result? Businesses can’t hire, essential services are stretched, …

Banyan Risk launched a new Digital Assets & Emerging Risks product in Bermuda, backed by underwriting capacity from QBE Lloyd’s Syndicate 1886 and other Lloyd’s support. A spokesperson said, “Banyan Risk Ltd [‘Banyan Risk’], the specialty Managing General Agent [MGA], has today launched a new Digital Assets & Emerging Risks product in Bermuda, with underwriting …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, August 1st. On Saturday the Independence of the Seas, the Norwegian Jewel and the Carnival Venezia cruise ships are expected, on Sunday the Oleander container ship will arrive, and on Monday the Norwegian Aqua and the …

The Inverurie Executive Suites, a 15-room waterfront boutique hotel in Paget, has been listed for sale with Sotheby’s International Realty for $5 million. The listing says, “A rare opportunity to acquire a premier waterfront boutique hotel of roughly 13,000 SF in Bermuda. The Inverurie Executive Suites is a stylish and modern hotel ideally centrally located …

Everest Group Ltd. reported its second quarter 2026 results. A spokesperson said, “Everest delivered a strong quarter driven by meaningful contributions from both underwriting income across our Core businesses and investments resulting in an annualized total shareholder return of 16.8%. The results this quarter show the strength of the franchise we have built and the benefits …

PartnerRe Ltd. reported first-half 2026 net income of $447 million, supported by strong underwriting performance and higher net investment income. A spokesperson said, “PartnerRe Ltd. today reported first half 2026 results Highlights Gross premiums written of $5.42 billion Non-life gross written premiums of $4.10 billion Life and Health gross written premiums of $1.32 billion Net …

RenaissanceRe Holdings Ltd. has declared a quarterly dividend of $0.41 per share and renewed its share repurchase program with a total authorization of up to $750 million. A spokesperson said, “The Board of Directors of RenaissanceRe Holdings Ltd. announced today a quarterly dividend of $0.41 per common share on its common shares. The dividend is …

Arch Capital Group Ltd. announced its 2026 second quarter results, saying “we delivered a strong quarter, driven by solid underwriting performance across our three segments, reflecting the continued strength of our diversified platform and disciplined execution across the enterprise.” A spokesperson said, “Arch Capital Group Ltd. announces its 2026 second quarter results. The results included: “Net income …

July 29 saw 2,800 shares trade on the Bermuda Stock Exchange, valued at $78,700.00 BD. 2,800 shares were traded by Allshores Limited, closing up 3.3% at $28.00 per share. The BSX finished at 3,754.81, up 0.24% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

BELCO is advising that a fraudulent email is being distributed to members of the public. BELCO’s Director of Communications & Corp. Strategy Krista Barnes said, “Bermuda Electric Light Company Limited [BELCO] has advised that a fraudulent email is being distributed and should be deleted. “The e-mail, supposedly sent from BELCO’s Customer Service Team, asks recipients …

July 28 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,745.99, even on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: July 27 2026 Bermuda Stock Exchange Report: July 24 …

July 27 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,745.99, 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: July 24 2026 Bermuda Stock Exchange Report: July 23 …

The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended June 30, 2026. A spokesperson said, “Net income for the second quarter of 2026 was $46.9 million, or $1.16 per diluted common share, compared to net income of $62.6 million, or $1.53 per diluted common share, for the previous …

In a filing with the Bermuda Stock Exchange, Bermuda Aviation Services Limited reported total comprehensive income of $1.29 million for the year ended March 31, 2026. The filing stated, “We are pleased to report that Bermuda Aviation Services Limited [‘the Company’] and its group of subsidiaries [‘the Group’] delivered a resilient financial performance for the …

AM Best has affirmed the financial strength and credit ratings of Bermuda-based Top Layer Reinsurance Ltd., maintaining stable outlooks. The ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “aa-” [Superior] of Top Layer Reinsurance Ltd. [Top Layer] [Bermuda]. The …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, July 25th. On Saturday the Carnival Sunshine, the Norwegian Jewel, and the Vision of the Seas cruise ships are expected, on Sunday the Oleander container ship will arrive, on Monday the Fugro Discovery container ship, the …

AM Best has affirmed the financial strength and credit ratings of RenaissanceRe and its subsidiaries, maintaining positive and stable outlooks across the group. The ratings agency said, “AM Best has affirmed the Long-Term Issuer Credit Rating [Long-Term ICR] of “a-” [Excellent] and the Long-Term Issue Credit Ratings [Long-Term IRs] of RenaissanceRe Holdings Ltd [RenaissanceRe] [NYSE: …

The Bermuda Stock Exchange will close for the Cup Match public holidays on July 30 and 31, reopening on Monday, August 3. A spokesperson said, “The Bermuda Stock Exchange [BSX] advises that the BSX will be closed on Thursday, 30th July and Friday, 31st July 2026, for the Emancipation Day and Mary Prince Day [collectively …

Consumers paid 2.1% more in February 2026 than they did a year earlier 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 February 2026 Consumer Price Index from the Department of Statistics today. “In summary, consumers paid 2.1 …

Bermuda Electric Light Company Limited [BELCO] has awarded $202,500 in scholarships and education grants to 20 Bermudian students. A spokesperson said, “Bermuda Electric Light Company Limited [BELCO] is proud to celebrate the next generation of Bermudian talent, announcing $202,500 in scholarship and education awards to 20 outstanding students this year. Front row: Wayne Caines, Gabriel …

The global Private Client & Trusts team has again been recognised in the Chambers High Net Worth 2026 guide, with Bermuda-based trust disputes lawyer Steven White earning a Band 3 ranking. A spokesperson said, “Our global Private Client & Trusts team is again recognised in the Chambers High Net Worth 2026 guide, with our co-head …

Clarien Trust Limited has been recognised in the Chambers High Net Worth Guide, an international guide to leading professional advisers serving high-net-worth individuals and families. A spokesperson said, “The recognition reflects the work of Clarien Trust’s trust and family office team in Bermuda, supporting individuals, families and their advisers with the planning, administration and oversight …

Chubb Limited reported second-quarter 2026 net income of $2.85 billion, or $7.30 per share, alongside core operating income of $2.84 billion, or $7.26 per share. A spokesperson said, “Chubb Limited [NYSE: CB] today reported net income for the quarter ended June 30, 2026 of $2.85 billion, or $7.30 per share, and core operating income of …

Fortitude Re announced that AM Best has revised its outlook to stable from negative and affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a” [Excellent] of Fortitude Reinsurance Company Ltd., Fortitude Life Insurance & Annuity Company and Fortitude International Reinsurance Ltd, insurance and reinsurance subsidiaries of FGH Parent, …

July 23 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,745.99, 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: July 22 2026 Bermuda Stock Exchange Report: July 21 …

Carey Olsen earned 10 Band 1 rankings, including one for its Bermuda trusts and private wealth practice, in the Chambers High Net Worth 2026 guide. A spokesperson said, “Carey Olsen’s trusts and private wealth practice has maintained its leading position among offshore law firms in the Chambers High Net Worth 2026 guide, having achieved 10 …

Appleby announced the rankings for five of its offices and ten individual recognitions in the Chambers Global High Net Worth [HNW] GUIDE 2026, published earlier today. A spokesperson said, “The firm maintained its strong position across the leading offshore private wealth jurisdictions, with the Isle of Man retaining its Band 1 ranking and both the …

B-Mobile, Branded Realities and Somerset Cricket Club have launched the free Capture Selfie experience for Cup Match 2026, allowing fans to create and share personalized team-branded selfies while contributing to a live supporter leaderboard celebrating Bermuda’s biggest cricket rivalry. A spokesperson said, “B-Mobile, in partnership with Branded Realities and Somerset Cricket Club, has announced the …

The Bermuda Monetary Authority [BMA] is urging the public to exercise caution after learning that Bermuda residents were invited to an investment seminar, noting that “before committing funds, members of the public should carefully review all offering materials, seek independent professional advice where appropriate, and confirm whether the person or entity promoting the investment is …

RenaissanceRe Holdings reported strong second-quarter 2026 financial results. Kevin J. O’Donnell, President and Chief Executive Officer, said, “We delivered strong results in the second quarter, growing book value per common share by 5.7% to $264.77, with annualized return on average common equity of 24.0% and annualized operating return on average common equity of 20.1%. Each …

July 22 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,745.99, 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: July 21 2026 Bermuda Stock Exchange Report: July 20 …

The Bermuda Monetary Authority [BMA] warned regulated entities about a fraudulent email demanding a payment for alleged regulatory breaches. A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] has been made aware of an email sent to a regulated entity purporting to be from the Authority and demanding payment for breaching a number of …

July 21 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,745.99, 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: July 20 2026 Bermuda Stock Exchange Report: July 17 …

Artex has appointed Tracy Berkeley as Head of Placement as part of the expansion of its Bermuda talent solutions business, now operating as Artex Talent Solutions. A spokesperson said, “Artex today announced the appointment of Tracy Berkeley as Head of Placement, a key step in the continued growth of its Bermuda-based talent solutions business. “As …

July 20 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,745.99, 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: July 17 2026 Bermuda Stock Exchange Report: July 16 …

Conyers awarded its 2026 Legal Education Awards to Amaya Foy, Nadhiri Simons Worrell, Callahj Simons, Charlotte Peckett and Sage Jackson to support their legal studies and future careers in the legal profession. A spokesperson said, “Conyers is pleased to announce the recipients of its 2026 Legal Education Awards, recognising five outstanding Bermudian students who have …

AM Best confirmed that the credit ratings and positive outlook for Vantage Group remain unchanged following the company’s announced leadership changes. The ratings agency said, “AM Best has commented that the Credit Ratings [ratings] of Vantage Risk Ltd. [Bermuda] and its affiliates, Vantage Risk Specialty Insurance Company and Vantage Risk Assurance Company [both domiciled in …

AM Best upgraded the financial strength and credit ratings of most Sagicor Financial subsidiaries while affirming its Bermuda and Jamaica operations with stable outlooks. The ratings agency said, “AM Best has upgraded the Financial Strength Rating [FSR] to A [Excellent] from A- [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICRs] to “a” [Excellent] from …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, July 18th. On Saturday the Independence of the Seas and the Norwegian Jewel cruise ships are expected, on Sunday the Veracruz discharge and the Sunda discharge ships and the Oleander container ship ship will arrive, and …