Bernews

June 23 saw 3,000 shares trade on the Bermuda Stock Exchange, valued at $75,030.00 BD. 3,000 shares were traded by Allshores Limited, closing down 1.9% at $25.01 per share. The BSX finished at 3,700.50, down 0.13% on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day …

June 22 saw 2,229 shares trade on the Bermuda Stock Exchange, valued at $56,594.50 BD. 2,229 shares were traded by Allshores Limited, closing up 6.3% at $25.49 per share. The BSX finished at 3,705.20, up 0.40% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

AM Best revised its outlook on Nuclear Electric Insurance Limited and its subsidiaries, including Bermuda-based Cedar Hamilton Limited, to positive from stable. The ratings agency said, “AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a+” [Excellent] of …

AM Best affirmed the ratings of Convex Group’s insurance and reinsurance subsidiaries, citing the group’s very strong balance sheet, improving underwriting performance and stable outlook. 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 Convex Re Limited [CRL] [Bermuda], …

Allshores announced today that “the Board has determined to return up to BMD$20.0 million to eligible Shareholders by way of a Tender Offer.” In a filing with the BSX, the company said, “Allshores Limited [the “Company”] announces today that the Board has determined to return up to BMD$20.0 million to eligible Shareholders by way of …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, June 20th. On Saturday the Independence of the Seas and the Norwegian Jewel cruise ships, the SSV Tabor Boy ship and the Grendi Futura bunkers ship are expected, on Sunday the Jasper Arrow auto carrier and …

Arch Capital Group announced the promotions of Jerome Halgan to CEO of Arch Global Reinsurance Group and Michael Schmeiser to CEO of Arch Global Mortgage Group. Both will continue to report to Arch President Maamoun Rajeh. A spokesperson said, “Jerome and Michael are experienced leaders who are deeply grounded in Arch’s underwriting culture and corporate …

AM Best affirmed the ratings of PT Asuransi Astra Buana, saying “the ratings also factor in a neutral impact from Asuransi Astra’s ultimate parent, Jardine Matheson Holdings Limited [Bermuda].” The ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A- [Excellent], the Long-Term Issuer Credit Rating of “a-” [Excellent] and the …

June 19 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,690.51, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories Bermuda Stock …

June 18 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,690.51, 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: June 16 2026 Bermuda Stock Exchange Report: June 12 …

“Bermuda’s boardrooms are facing a widening governance gap between the pace of artificial intelligence [AI] investment and their capacity to oversee it,” according to PwC’s Caribbean Corporate Governance Survey 2026 – Bermuda Edition. A spokesperson said, “The survey, which outlines four board priorities for the future, reveals that while 62% of directors agree their organizations’ …

The 2026 Athene Life Career Expo brought together more than 500 students, graduates and professionals to explore careers in Bermuda’s growing life and annuity reinsurance industry. A spokesperson said, “More than 500 students, recent graduates and seasoned professionals attended the 2026 Athene Life Career Expo.” “This was the fourth year of the Athene Life Career …

Skyport is seeking expressions of interest from companies to “operate and maintain two full-service common use VIP Lounges at the airport.” A spokesperson said, “Bermuda Skyport Corporation Limited [Skyport], developer and operator of L.F. Wade [Bermuda] International Airport under a thirty-year agreement with the Government of Bermuda, wishes to invite participation from qualified and reputable …

Polaris Holding Company Ltd. announced a $0.05 per share dividend. In a filing with the Bermuda Stock Exchange, Polaris said, “Please accept this notification that a dividend in the amount of BD $0.05 per share has been declared and approved by the board of directors of the Company, payable on 30 June 2026, to the shareholders …

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] of Vantage Risk Ltd. [Bermuda] and its affiliates, Vantage Risk Specialty Insurance Company and Vantage Risk Assurance Company [both domiciled in Wilmington, DE], which do business as Vantage …

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

AXIS Capital Holdings Limited has appointed Pradip Patiath to its Board of Directors, effective June 15, 2026. Mr. Patiath will join the Board, where he will serve on its Risk and Human Capital and Compensation Committees. “Pradip is recognized as one of the foremost thinkers and practitioners in digital strategy in the financial services sector. He …

Bermuda Container Line Ltd. has announced the retirement of Chairman John Wight after 15 years of service, with Deputy Chairman George Hutchings elected to take over the role. A spokesperson said, “Bermuda Container Line Ltd. [“BCL”] announced today the retirement of John Wight as Chairman of the company’s Board of Directors. Mr. Wight had served …

The Government of Bermuda’s Public Service Career Fair & Expo will be held at Pier Six tomorrow [June 18], highlighting career opportunities, training programmes and advancement pathways across the public service. A Government spokesperson said, “Tomorrow [June 18] the Government of Bermuda’s Public Service Career Fair & Expo will take place tomorrow at Pier Six, …

Everest Group, Ltd. announced that it has partnered with Stone Point Insurance Solutions to launch Annapurna Re Ltd., a Bermuda-based casualty reinsurance sidecar. A spokesperson said, “Funds managed by Stone Point will serve as the inaugural, anchor investors in this multi-year vehicle. “As part of the transaction, Annapurna is expected to deploy approximately $600 million …

Seadrill Limited announced the pricing of a $700 million offering of 6.750% Senior Notes due 2034. A spokesperson said, “Seadrill Limited announced today that Seadrill Finance Limited, an exempted company limited by shares incorporated under the laws of Bermuda and a wholly owned subsidiary of Seadrill has priced its offering pursuant to Rule 144A and …

June 16 saw 6,000 shares trade on the Bermuda Stock Exchange, valued at $153,607.00 BD. 5,000 shares were traded by Allshores Limited, closing up 9.0% at $23.99 per share, while the other 1,000 shares were traded by Watlington Waterworks Ltd, closing up 1.5% at $34.00 per share. The BSX finished at 3,690.51, up 0.55% on …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, June 13th. On Saturday the Norwegian Jewel and the Independence of the Seas cruise ships are expected, on Sunday the Oleander container ship will arrive, and on Monday the Norwegian Aqua and the Independence of the …

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 …