Bernews

“The Bermuda Business Development Agency [BDA] today announced that Bermuda’s Economic Investment Residential Certificate [EIRC] programme has “surpassed $600 million in associated investments since its launch in 2021, marking five years of activity across key sectors of the Bermuda economy.” A spokesperson said, “Since launch, the programme has attracted nearly 100 international investors and their …

The Bermuda Principles 30th Anniversary Conference held in February 2026 at the Hamilton Princess has been hailed as a resounding success, reinforcing Bermuda’s role in global genomics collaboration. A spokesperson said, “The Bermuda Principles 30th Anniversary Conference, held from 25–28 February 2026 at the Hamilton Princess, has been hailed as a resounding success, bringing together …

Industry, regulatory, and government luminaries take the spotlight among numerous high-profile speakers at next week’s inaugural ABIR Risk Forum at the Hamilton Princess. A spokesperson said, “The full-day event April 8 features Chair of the European Insurance and Occupational Pensions Authority [EIOPA], President of the US National Association of Insurance Commissioners [NAIC], and Chair of …

Walkers’ Bermuda team has advised Verdant Rock Limited on its successful application to the Bermuda Monetary Authority [BMA] for approval in principle to register as a Class 3B insurer. A spokesperson said, “Walkers’ Bermuda team is delighted to have advised Verdant Rock Limited on its successful application to the Bermuda Monetary Authority [BMA] for approval …

March 31 saw 500 shares trade on the Bermuda Stock Exchange, valued at $12,000.00 BD. 500 shares were traded by Allshores Limited, closing up 4.3% at $24.00 per share. The BSX finished at 3,306.95, up 0.30% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

BELCO has announced that the Fuel Adjustment Rate [FAR] will decrease effective tomorrow [April 1]. A spokesperson said, “Bermuda Electric Light Company Limited [BELCO] today advised that following approval by the Regulatory Authority of Bermuda, the Fuel Adjustment Rate will decrease effective April 1, 2026. “As of April 1, the FAR will decrease from 13.799 …

A Bermuda-style house built in 2025 was listed for $79.5 million in Florida, offering a newly constructed oceanfront estate with luxury amenities and expansive living space. The Christian Angle Real Estate said, “Spectacular New Oceanfront Estate on Billionaires Row – Introducing a newly constructed oceanfront compound on prestigious Billionaires Row, offering panoramic views of the …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, March 28th. On Saturday the Allura cruise ship is expected, on Sunday the Azamara Quest and the SS Grandeur cruise ships will arrive, and on Monday the Oleander container ship is scheduled to arrive. On Wednesday …

Conduit Holdings Limited has announced the appointment of Richard Lightowler, Peter Mullen, and Penny Shaw as Non-Executive Directors with effect from 26 March 2026. A spokesperson said, “Conduit Holdings, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, today announces the appointments of Richard Lightowler, Peter Mullen and Penny Shaw as Non-Executive …

The Bermuda Monetary Authority [BMA] has issued a prohibition order against Mr. Joakim Samuelsson. A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] today announces that it has issued a prohibition order against Mr. Joakim Samuelsson, pursuant to section 32H of the Insurance Act 1978 [Insurance Act], following the conclusion of an enforcement process …

March 26 saw 4,300 shares trade on the Bermuda Stock Exchange, valued at $98,900.00 BD. 4,300 shares were traded by Allshores Limited, closing even at $23.00 per share. The BSX finished at 3,297.15, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available …

Ten Bermuda College students will gain early exposure to [re]insurance careers through ABIR’s upcoming Risk Forum and a special pre-event briefing breakfast. A spokesperson said, “Ten highly engaged Bermuda College students have been given an exciting opportunity to jump-start their [re]insurance careers at the Association of Bermuda Insurers and Reinsurers’ [ABIR] Risk Forum next month. …

Whitney Institute Middle School has enhanced its Visual Arts programme after receiving nine MacBook Air laptops from Mailboxes Unlimited to support digital art and design learning. A Government spokesperson said, “Students at Whitney Institute Middle School have received a boost to their Visual Arts programme following a significant investment from a long-standing community partner. “Mailboxes …

March 25 saw 1,500 shares trade on the Bermuda Stock Exchange, valued at $34,500.00 BD. 1,500 shares were traded by Allshores Limited, closing up 5.5% at $23.00 per share. The BSX finished at 3,297.15, up 0.36%on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day is …

The Adult Education School [AES], supported by HSBC Bermuda, will host a free financial literacy workshop on banking basics this evening [March 25] at 6.00pm. A spokesperson said, “The Adult Education School, with the support of HSBC Bermuda, invites the public to its free financial literacy workshop focused on banking basics, taking place on Wednesday, …

Mosaic Insurance has restructured its Singapore and Dubai underwriting platforms to strengthen its global operating model, with CEO Benn Wilson relocating to Dubai. A spokesperson said, “Mosaic Insurance today announced a reorganization of two core underwriting hubs to align international resources and support its next phase of growth. “Under the restructure, CEO of Mosaic Singapore, …

Convex Group Limited announced that Stephen Catlin will step down as Chairman and become Founder and Life President, while Bobby Le Blanc has been appointed Chairman. A spokesperson said, “Convex Group Limited [“Convex”], the international specialty insurer and reinsurer, today announces that Stephen Catlin has decided to stand down as Chairman of the Board. He …

Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced today a number of promotions across its Bermuda and London offices. A spokesperson said, “This continues Ariel Re’s stated mission to be an ‘academy firm’, a place for ambitious [re]insurance professionals to learn and develop their careers. “This year’s …

March 24 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,285.40, 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: March 23 2026 Bermuda Stock Exchange Report: March 19 …

Premier David Burt is travelling to London and Luxembourg from March 23–26 for “a series of engagements aimed at strengthening Bermuda’s engagement with Westminster, as well as enhancing international partnerships and cooperation in financial services, including meetings in Luxembourg.” A Government spokesperson said, “The visit begins in London, where Premier Burt will co-host a dinner …

Corey Lewis and Mya Smith of Bermuda Motors Ltd. engaged Elliott Primary School students with interactive automotive demonstrations during the school’s annual Career Fair on March 11. A spokesperson said, “Corey Lewis [Tradesman] and Mya Smith [Vehicle Dismantler & Parts Department Assistant] represented Bermuda Motors Ltd. at the Elliott Primary School annual Career Fair on …

Everest Group, Ltd. has signed a definitive agreement to sell its Canadian Retail Insurance operations, Everest Insurance Company of Canada, to The Wawanesa Mutual Insurance Company. “This transaction represents a strong outcome for both organizations, our shareholders and our colleagues,” said Jim Williamson, President and Chief Executive Officer of Everest. “The Canadian Retail team has …

March 23 saw 17,001 shares trade on the Bermuda Stock Exchange, valued at $814,041.00 BD. 15,201 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.0% at $51.00 per share, while another 1,800 shares were traded by Allshores Limited, closing even at $21.80 per share. The BSX finished at 3,285.40, up 1.78% on …

Starr, a global investment and insurance organization, today announced that it has completed its acquisition of IQUW Group, “creating a broader, more diversified specialty [re]insurance platform with enhanced capabilities across the London market, Bermuda and UK retail motor.” A spokesperson said, “The combined Starr business now serves more clients and brokers in more specialist classes …

Compre Group Holdings Limited, the Bermuda-domiciled international specialty reinsurance group, has entered into an adverse development cover [ADC] transaction with a European-domiciled reinsurance entity, providing protection for a diversified portfolio of motor, engineering and liability business. A spokesperson said, “The transaction covers an assumed reinsurance book spanning underwriting years 2018 to 2024, with net reserves …

PartnerRe Ltd reported full-year 2025 net income of $2.10 billion, highlighting strong underwriting and investment performance. A spokesperson said, “PartnerRe Ltd. today reported Full Year 2025 Results Highlights Gross premiums written of $9.16 billion Non-life gross written premiums of $6.70 billion Life and Health gross written premiums of $2.47 billion Net income attributable to PartnerRe …

HSBC Bermuda [HSBC] announced Kevin Davies as the winner of the Mastercard Credit Card “Spend & Get” South African Safari Campaign Draw. A spokesperson said, “From November 19th, 2025 through January 31st of this year, for every $300.00 purchase made via their HSBC Mastercard, customers automatically qualified for one entry into the campaign’s prize draw, …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, March 21st. On Saturday the Atlas Leader auto carrier, the Flex Artemis medical ship and the Umm Graybah container ship are expected, on Monday the Oleander container ship will arrive, and on Tuesday the Somers Isles …

Freisenbruch Insurance Services Ltd. has launched Benefits Advisory, a new practice offering independent advisory and broking services across group health, life, disability, and pension programs for Bermuda employers. A spokesperson said, “Bermuda employers face rising costs and increasing complexity in managing employee benefit programs in a limited market. Freisenbruch established a Benefits Advisory service to …

Relay For Life of Bermuda has announced Arch Reinsurance Ltd as the Luminaria Ceremony sponsor for the 2026 event on May 8 at the National Sports Centre. A spokesperson said, “Relay For Life of Bermuda is pleased to welcome Arch Reinsurance Ltd as the Luminaria Ceremony Sponsor for the 2026 event. Held annually during Relay, …

March 19 saw 10,256 shares trade on the Bermuda Stock Exchange, valued at $512,800.00 BD. 10,256 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.0% at $50.00 per share. The BSX finished at 3,227.73, down 0.88% on the day. There was 1 advance, 1 decline, and 45 remained unchanged. The full report …

Marsh Risk announced the launch of BX1, a “new Bermuda-domiciled insurance facility designed to provide US-based clients with a robust and streamlined excess casualty insurance solution. ” A spokesperson said, “BX1 offers a unified block of $50 million capacity, placement certainty, and superior policy terms tailored to meet the complex needs of the challenging US …

B-Mobile Bermuda announced a “strategic partnership with Branded Realities Inc. to bring cutting-edge experiential marketing and creative technology to Bermuda and the wider Caribbean.” A spokesperson said, “The collaboration centres on the REALITIES platform and its flagship patented product, Pose With. This technology delivers immersive augmented reality [AR] interactions—including holographic capture and digital storytelling—allowing tourists …

Food & Wine recently tested 12 different ginger beer varieties, with Goslings Stormy Ginger Beer ranked at number nine. The story said, “Ginger beer is the bottle you buy for one cocktail — and then suddenly can’t live without. It’s spicy, bubbly, and just sweet enough to feel like a treat, equally at home on …

March 18 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,256.51, 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: March 17 2026 Bermuda Stock Exchange Report: March 16 …

Wilton Reinsurance Bermuda Limited continued its employee-directed philanthropic program in 2025, directing over $50,000 in donations to Bermuda-based charities while staff also volunteered time to local initiatives. A spokesperson said, “Wilton Reinsurance Bermuda Limited continues to demonstrate strong commitment to the local community through its employee-directed philanthropic program, which empowers staff to allocate donations to …

The Loren at Pink Beach will host its inaugural Writers in Residence retreat from March 27–29, featuring author-led conversations, special events, and appearances by notable literary and artistic figures curated by Brisa Carleton. A spokesperson said, “Curated by Tony Award–winning producer and author Brisa Carleton, the debut weekend at The Loren will feature New York …

HSBC Bermuda has refreshed its Springboard Mortgage programme, enabling first-time homebuyers to enter the property market with as little as a 5% deposit and up to 95% financing. A spokesperson said, “HSBC Bermuda has refreshed its Springboard Mortgage, a programme designed to help first-time homebuyers enter the property market with a deposit of as little …

After adjusting for the retail sales rate of inflation – measured at 2.4% in December – the overall volume of retail sales index increased 0.9% when compared to December 2024, according to the newly released Retail Sales Index. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the December 2025 Retail Sales …

The Ministry of Economy and Labour has released the 2024 Information and Communication Technology [ICT] Profile, showing the sector contributed 3.1% to Bermuda’s GDP in current prices. A Government spokesperson said, “Today, the Ministry of Economy and Labour, the Hon. Jason Hayward, JP, MP, released the 2024 Information and Communication Technology [ICT] Profile from the …

Consumers paid 2.4% more in December than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the Department of Statistics’ December 2025 Consumer Price Index. “In summary, consumers paid 2.4 per cent more …

Carrick Group Limited — a Bermuda-based international non-life legacy insurer — announced the appointment of Matt Brand as Head of Governance. A spokesperson said, “Mr. Brand spent 10 years at Hampden Group, most recently as Group Head of Operations. He reports to Chief Executive Officer Tom Nichols and is responsible for ensuring that all of …

March 17 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,256.51, 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: March 16 2026 Bermuda Stock Exchange Report: March 13 …

Allied World Bermuda has promoted 8 employees and recognized 8 staff members celebrating 20+ years of service as the company marks its 25th anniversary. A spokesperson said, “Allied World Bermuda promoted 8 employees in recognition of their talent and hard work.” Colm Singleton, Head of Allied World Bermuda Office stated, “Our colleagues consistently deliver excellence, …

In celebration of Women’s History Month, The Shops at Hamilton Princess will host an intimate dinner with American fashion designer Hunter Bell, whose collection is sold exclusively in the hotel’s Blank Canvas boutique. A spokesperson said, “The evening will bring together women in business, entrepreneurs, and community leaders for a night of conversation and connection …

After adjusting for the retail sales rate of inflation, measured at 3.3% in November, the overall volume of retail sales index decreased 1.7% when compared to November 2024, according to the newly released Retail Sales Index. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the November 2025 Retail Sales Index publication. “November’s volume of …

The Association of Bermuda Insurers and Reinsurers [ABIR] will host international insurance regulators and industry leaders next month for its Risk Forum in Bermuda, featuring keynote speakers from the EU, US, and UK. A spokesperson said, “The Association of Bermuda Insurers and Reinsurers [ABIR] will host globally renowned standard setters from the EU, US and …

Bermuda College has appointed senior insurance executive Cathy Duffy I rise today to inform this Honourable House of the proactive steps being taken by the Department of Planning to address the current backlog of building permit applications. as Chair and Professor of the Practice [Insurance] to develop the island’s first formal academic pathway in insurance. …

March 16 saw 178 shares trade on the Bermuda Stock Exchange, valued at $8,989.00 BD. 178 shares were traded by Bank of N.T. Butterfield Ltd, closing up 3.0% at $50.50 per share. The BSX finished at 3,256.51, up 2.63% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report …

The Bermuda Chamber of Commerce announced that vendor applications are now open for Harbour Nights 2026, which will take place every Wednesday from May 13 through September 16 along Front Street. A spokesperson said, “The Bermuda Chamber of Commerce is pleased to announce that applications are now open for vendors interested in participating in Harbour …