Bernews

The Government of Bermuda said they “welcome the latest ratings action from Moody’s Ratings, which has upgraded Bermuda’s domestic and foreign currency long-term issuer ratings and foreign currency senior unsecured bond ratings to A1, while maintaining a stable outlook. A Government spokesperson said, “In its report, Moody’s said the upgrade to A1 reflects the “improvement …

Pelagos Insurance Capital Limited, formerly Fidelis Insurance Holdings Limited, announced its rebrand following shareholder approval. A spokesperson said, “Pelagos Insurance Capital Limited [“Pelagos Insurance Capital” or the “Company”], formerly Fidelis Insurance Holdings Limited [NYSE:FIHL], an expert capital allocator and risk selector in specialty insurance and reinsurance, announced today that following shareholder approval at its Annual …

The Bermuda Corporate Income Tax Agency [CITA] announced that it has “officially assumed responsibility for administering Bermuda’s Economic Substance regime and Automatic Exchange of Information framework.” A spokesperson said, “Effective March 13, 2026, the Minister of Finance designated CITA as the Competent Authority under the International Cooperation [Tax Information Exchange Agreements] Act 2005 and the …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, May 9th. On Saturday the Independence of the Seas and the Norwegian Jewel cruise ships are expected, on Sunday the Bagheera discharge ship and the Oleander container ship will arrive, and on Monday the Cartagena discharge …

Fidelis Insurance Holdings Limited has declared a dividend of $0.15 per share, payable on June 26, to shareholders of record on June 15. A spokesperson said, “Fidelis Insurance Holdings Limited [NYSE:FIHL] [Fidelis Insurance Group or the Company], a strategic capital allocator and risk selector in specialty insurance and reinsurance, announced today that its Board of …

May 8 saw 1,156 shares trade on the Bermuda Stock Exchange, valued at $63,580.00 BD. 1,156 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $55.00 per share. The BSX finished at 3,548.61, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the …

Calidris Investment Partners, an insurance-focused investment manager backed by RedBird Capital Partners, announced three new hires as the firm continues to expand its platform. A spokesperson said, “James Larner joins as Director of Investor Partnerships, Chelsea Smith as Finance and Operations Manager and Abigail Exon as Quantitative Strategies Manager. “James will lead Calidris’ global capital …

Watlington Waterworks Limited reported net income of $3.20 million for 2025, down 7.78% from 2024, while completing the Luke’s Pond Reservoir project. A spokesperson said, “In 2025, Watlington Waterworks Limited [WWL or the Company] recorded net income of $3.20 million, compared to $3.47 million in 2024, representing a decrease of $0.27 million or 7.78%. While …

The Waterfront Group of companies have launched four ecommerce platforms — with a fifth coming soon — as part of a wider digital strategy aimed at simplifying online ordering and supporting future business growth. A spokesperson said, “Waterfront Group of companies, in collaboration with Socialprise [And their new performance marketing arm We HYPR], has launched a …

Cactus has announced the appointment of Keith Bernhard as its Chief Financial Officer and Head of Audit. A spokesperson said, “Cactus, the award-winning insurtech focused on underwriting intelligence, today announced the appointment of Keith Bernhard as Chief Financial Officer and Head of Audit. Bernhard brings the rigour of public-company audit to a growing insurtech and …

Enstar Group Limited announced that it will pay cash dividends on its Series D and Series E preference shares. A spokesperson said, “Dividends on Enstar’s Series D 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share [each of which represents a 1/1,000th interest in a Series D Preference Share] will be payable on …

Everest Group, Ltd. today announced the appointment of Lisa Davis as Head of North America, Wholesale & Specialty, where she will lead underwriting strategy, distribution, and portfolio management across the region. A spokesperson said, “Everest Group, Ltd., a global underwriting leader providing world-class reinsurance and specialty insurance solutions, today announced the appointment of Lisa Davis …

May 7 saw 400 shares trade on the Bermuda Stock Exchange, valued at $9,916.00 BD. 400 shares were traded by Allshores Limited, closing even at $24.79 per share. The BSX finished at 3,548.61, even on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day is available …

SailGP announced a partnership with Butterfield and Mastercard for the upcoming Apex Group Bermuda Sail Grand Prix. A spokesperson said, “SailGP, the most exciting racing on water, today announced a partnership with Butterfield and Mastercard for the upcoming Apex Group Bermuda Sail Grand Prix [May 9–10], enhancing the event experience through premium financial services, innovation …

Hamilton Insurance Group announced that Peter W. Wilson has been elected to its Board of Directors at the Company’s Annual General Meeting of Shareholders. “I am pleased to welcome Peter to the Hamilton Board,” said David A. Brown, Board Chair. “Peter brings extensive industry and leadership experience across global specialty insurance markets, with a strong track …

AM Best has assigned a Financial Strength Rating of A- [Excellent] and a Long-Term Issuer Credit Rating of “a-” [Excellent] to Calix Re Limited [Calix Re] [Bermuda]. The outlook assigned to these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Calix Re’s balance sheet strength, which AM Best assesses as very …

Minister of Economy and Labour Jason Hayward opened the B.U.I.L.D Summit 2026, highlighting the importance of investment, innovation, and collaboration in shaping Bermuda’s future. A Government spokesperson said, “Today, the Minister of Economy and Labour, the Hon. Jason Hayward, JP, MP, underscored the importance of investment, innovation, and collaboration in shaping Bermuda’s future as he …

RenaissanceRe Holdings Ltd. announced board leadership changes, including appointing Henry Klehm III as Non-Executive Chair, electing Stephen C. Hooley as an independent director, and declaring a $0.41 quarterly dividend alongside a renewed $750 million share repurchase program. A spokesperson said, “RenaissanceRe Holdings Ltd. today announced the following: Existing director, Henry Klehm III has been appointed Non-Executive …

Deloitte announced leadership changes across Bermuda and the Caribbean, with John Johnston set to retire, Anna Burns to take over as regional CEO on June 1, 2026, and Stephen Kuzyk already leading the Bermuda office. A spokesperson said, “Today Deloitte announced leadership changes within its operations covering Bermuda and the Caribbean Region. Long-time regional Chief …

The National Museum of Bermuda [NMB] is seeking “a motivated 12-month museum intern to support its education, curatorial, and community engagement initiatives.” A spokesperson said, “The National Museum of Bermuda [NMB] is seeking a motivated 12-month museum intern to support its education, curatorial, and community engagement initiatives. This paid internship is designed for recent university …

The Ministry of Economy and Labour released the 2025 Q4 Balance of Payments & International Investment Position publication. Minister of Economy and Labour Jason Hayward said, “Bermuda’s trade with non-residents resulted in a $609 million surplus for the fourth quarter of 2025, up $206 million from a year ago. Transactions related to trade in goods led …

Bermuda’s luxury hospitality sector is showcasing bespoke spirits as Bacardi Limited expands its PATRÓN Tequila Barrel Select Program in partnership with Goslings Limited and leading properties including Rosewood Bermuda, Hamilton Princess & Beach Club, and The Loren at Pink Beach. A spokesperson said, “Bermuda’s luxury hospitality scene is raising a glass to craftsmanship and exclusivity …

Premier David Burt is in Miami to lead a Bermuda delegation at Consensus 2026, with the Premier saying “Bermuda’s continued presence underscores our commitment to building the world’s first fully on-chain national economy.” A Government spokesperson said, “The Premier and Minister of Finance of Bermuda, the Hon. David Burt, JP, MP, will travel to Miami, …

White Mountains Partners announced that its portfolio company Enterprise Solutions has acquired Hawkeye Electric, expanding its electrical contracting services into the Arizona market. A spokesperson said, “White Mountains Partners [WMP], a White Mountains operating company, announced today that its portfolio company, Enterprise Electric, LLC d/b/a Enterprise Solutions [Enterprise Solutions], a provider of specialty electrical contracting …

May 5 saw 2,800 shares trade on the Bermuda Stock Exchange, valued at $68,880.00 BD. 2,800 shares were traded by Allshores Limited, closing up 12.7% at $24.80 per share. The BSX finished at 3,548.71, up 0.78% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

Minister of Economy and Labour Jason Hayward is holding a press conference this afternoon [May 5] provide an update on the National Entrepreneurship Strategy. We will have additional coverage later on and in the meantime the live video is below. Related Stories Video: Premier & Jeff Baron At Tech Summit Video: BermudAir Launches Service To …

May 4 saw 1,000 shares trade on the Bermuda Stock Exchange, valued at $55,000.00 BD. 1,000 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $55.00 per share. The BSX finished at 3,521.27, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the …

Registration has opened for the 2026 Athene Life Career Expo, a free event on June 17 at Pier 6 in Hamilton offering students, graduates, and career changers insight and access to opportunities in Bermuda’s life [re]insurance industry. A spokesperson said, “Registration is now open for the 2026 Athene Life Career Expo, a free, award-winning event …

Everest Group Ltd. reported its first quarter 2026 results. A spokesperson said, “Everest Group, Ltd. [NYSE: EG], a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, today reported its first quarter 2026 results. First Quarter 2026 Highlights “Net income of $653 million, equal to $16.21 per diluted share versus first quarter …

Assured Guaranty Ltd. has declared a quarterly dividend of $0.38 per share, payable on May 29, to shareholders on record as of May 15. A spokesperson said, “Assured Guaranty Ltd. today declared a quarterly dividend of $0.38 per common share. The dividend is payable on May 29 to shareholders of record at the close of …

May 1 saw 100 shares trade on the Bermuda Stock Exchange, valued at $2,200.00 BD. 100 shares were traded by Allshores Limited, closing down 8.3% at $22.00 per share. The BSX finished at 3,521.27, down 0.55% on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day …

Hamilton Insurance Group, Ltd. announced financial results for the first quarter ended March 31, 2026.” Commenting on the results, Pina Albo, CEO of Hamilton, said, “Hamilton reported strong first quarter 2026 results, generating net income of $134 million and operating income of $167 million, an annualized return on average equity of 19% and operating return …

The Government announced that local businesses are invited to apply for vendor spaces at the Bermuda Digital Finance Forum: Digital Payments Workshop & Market, taking place on May 14, 2026, at Pier 6. A Government spokesperson said, “Interested businesses can apply for a vendor space here: https://bit.ly/DFFVendors. “The Government is also offering complimentary tickets for …

April 30 saw 17 shares trade on the Bermuda Stock Exchange, valued at $370.60 BD. 17 shares were traded by Allshores Limited, closing even at $24.00 per share. The BSX finished at 3,540.87, even on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day is available …

The Ministry of Economy and Labour is marking International Workers’ Day with the release of Bermuda’s first State of Labour in Bermuda 2026 Flagship Report. A spokesperson said, “Observed annually on 1 May, International Workers’ Day is recognised in more than 80 countries and honours the contributions of workers while highlighting the global pursuit of …

Starr’s new Bermuda reinsurer, IQUW Re Bermuda Limited, today announced that global credit rating AM Best has upgraded its Financial Strength Rating to A [Excellent] and its long-term issuer credit to a+ [Excellent]. The outlook for both credit ratings is positive. A spokesperson said, “IQUW Re Bermuda Limited was initially assigned an A- rating from …

Arch Capital Group Ltd. announced its 2026 first quarter results, saying “we started the year on an excellent note, delivering an annualized operating return on average common equity of 15.4%, which reflects our disciplined approach to underwriting and capital allocation.” A spokesperson said, “Arch Capital Group Ltd. [ACGL] announces its 2026 first quarter results. The …

The Urban Development Authority [UDA], in partnership with the Bermuda Economic Development Corporation [BEDC], has announced the return of its annual development conference, now rebranded as the BUILD Summit 2026 [Bermuda Urban Infrastructure & Land Development Summit]. A spokesperson said, “Formerly the BID Summit [Bermuda Infrastructure and Development Summit], the event’s new identity reflects an …

The Fidelis Partnership [TFP] has announced the appointment of David Woods as Ireland CEO. A spokesperson said, “The Fidelis Partnership [TFP] is today pleased to announce the appointment of David Woods as Ireland CEO. David has been with the business for almost a decade, serving first in Bermuda and then in London, and is currently Group …

April 29 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,540.87, 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: April 28 2026 Bermuda Stock Exchange Report: April 27 …

mea Platform, [re]insurance AI product company, announced that BMS Group, a leading independent global [re]insurance broker, has selected mea’s Broking Operations products to enhance placement efficiency and strengthen market leadership through digital transformation. A spokesperson said, “BMS is known for its specialist expertise, entrepreneurial culture, and strong global market presence across insurance, reinsurance, and capital …

In celebration of the upcoming royal visit, BDA Community Pharmacy is offering a free membership to everyone named Charles. A spokesperson said, “On April 30th and May 1st, all residents named Charles are invited to collect a free BDA Membership, designed to support healthier lifestyles and increase wellness savings. “This lighthearted promotion comes with serious …

Banyan Risk has appointed insurance executive Dan Malloy as Executive Managing Director. A spokesperson said, “Banyan Risk Ltd [Banyan Risk], a specialty Managing General Agent [MGA] based in Bermuda, has announced the appointment of Dan Malloy as Executive Managing Director, as the business enters its next phase of growth and continues to scale its underwriting …

April 28 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,540.87, 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: April 27 2026 Bermuda Stock Exchange Report: April 24 …

The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended March 31, 2026. A spokesperson said, “Net income for the first quarter of 2026 was $62.6 million, or $1.53 per diluted common share, compared to net income of $63.8 million, or $1.54 per diluted common share, for the previous quarter and …

LOM Financial Limited reported full year 2025 profits of $4,765,104 or $0.97 per share, which is “relatively unchanged from our 2024 profits of $4,744,812. A filing with the BSX stated, “Although our asset management and broking divisions experienced revenue growth, along with some notable gains in securities, these improvements were offset by a substantial rise …

April 27 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,540.87, 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: April 24 2026 Bermuda Stock Exchange Report: April 23 …

The Bermuda Economic Development Corporation [BEDC] is now accepting applications for the 8th Cohort of its Enterprise Bermuda Incubator program. A spokesperson said, “Designed to support local entrepreneurs and small business owners in the early stages of their journey, this year’s program will run from July 2nd, 2026, through March 25th, 2027. “The Enterprise Bermuda …

TABS Bermuda unveils its “Song of the Sea” collection at Coral Beach Club, showcasing ocean-inspired designs and a locally produced campaign celebrating Bermuda’s connection to the sea. A spokesperson said, “TABS Bermuda unveiled its latest collection, Song of the Sea, at a launch event held at Coral Beach Club, bringing together guests for an evening …

AM Best has affirmed Lion Reinsurance Company Limited’s Financial Strength Rating of A [Excellent] with a stable outlook, citing its very strong balance sheet strength and adequate operating performance. 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 Lion …