Bernews

AM Best has affirmed strong ratings for Biglari Reinsurance Ltd. and affiliates, citing strong capitalisation and stable performance. 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 Biglari Reinsurance Ltd. [Bermuda] and its reinsured affiliates, First Guard Insurance Company …

April 24 saw 501 shares trade on the Bermuda Stock Exchange, valued at $27,555.00 BD. 501 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.8% at $55.00 per share. The BSX finished at 3,540.87, down 1.60% on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report …

Allshores Limited announced its results for the year ended 31 December 2025, the first full financial year following the amalgamation of BF&M Limited and Argus Group Holdings Limited, which completed on 6 January 2025. Earnings And Operating Performance A spokesperson said, “The Group generated underlying earnings from operations of $62.4 million for the year ended …

Watlington Waterworks Limited has declared a June 2026 dividend of BD$0.30 per share to shareholders of record as at June 12, payable on June 26. The filing with the BSX stated, “The company announces that at a recent meeting of the Board of Directors of the Company, a dividendin the amount of BD$0.30 per share …

Chubb Limited reported net income for the quarter ended March 31, 2026 of $2.32 billion, or $5.88 per share, and core operating income of $2.69 billion, or $6.82 per share. A spokesperson said, “Book value per share and tangible book value per share increased 15.8% and 21.5%, respectively, from March 31, 2025 and now stand …

April 23 saw 0 shares trade on the Bermuda Stock Exchange. 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 here [PDF]. Related Stories Bermuda Stock Exchange Report: April 22 2026 Bermuda Stock Exchange Report: April 21 …

April 22 saw 0 shares trade on the Bermuda Stock Exchange. 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 here [PDF]. Related Stories Bermuda Stock Exchange Report: April 21 2026 Bermuda Stock Exchange Report: April 17 …

The Bermuda Underwater Exploration Institute [BUEI] and BermudAir have announced a sustainability partnership to promote ocean conservation, environmental education, and eco-conscious travel through a range of joint initiatives. A spokesperson said, “Unveiled during a special Earth Day launch event at BUEI on Wednesday, April 22nd, the partnership is designed to promote care for the ocean …

Carey Olsen announced that Nicole Cavanagh TEP has joined the firm’s dispute resolution and litigation practice in Bermuda as counsel. A spokesperson said, “Nicole’s practice covers the full spectrum of matrimonial law, including divorce, separation, and ancillary relief. She has a particular focus on the intersection of trusts and divorce, advising high-net-worth clients and business families …

Premier and Minister of Finance David Burt has signed a “protocol amending the Double Taxation Agreement [DTA] between the Government of Bermuda and the Government of the Kingdom of Bahrain,” the government announced A spokesperson said, “The protocol was signed on Friday, 17 April on the sidelines of the 2026 Spring Meetings of the International …

David Gibbons has been appointed as the incoming CEO of the network of PwC firms operating in the Caribbean, effective 1 July 2026. He said, “It’s a tremendous honour to serve as the next CEO, especially as we stand at a pivotal moment for professional services regionally and globally. With geopolitical tensions, evolving economies and …

Acrisure Re, the reinsurance division of global fintech leader Acrisure,  announced the integration of Acrisure’s Capital and Captives division, saying that it “brings more than 275 captive specialists across North America and Bermuda into a single platform, combining an established captive business with the capabilities of a leading specialist reinsurance broker.” A spokesperson said, “This …

Carnival Corporation & plc shareholders approved all resolutions at special and annual meetings, including plans to unify its dual-listed structure and redomicile to Bermuda. A statement from the company said, “Carnival Corporation & plc [NYSE/LSE: CCL; NYSE: CUK] announces that, in connection with the proposed unification of its dual-listed company structure and redomiciliation of Carnival …

In a filing with the Bermuda Stock Exchange, LOM Financial Limited announced a dividend. The full filing stated: “LOM Financial Limited, at a meeting of the Board of the Company held on 17 April 2026 announced: The Board of Directors have decided to pay a dividend of $0.08 per share on 8 May 2026 to …

April 21 saw 0 shares trade on the Bermuda Stock Exchange. 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 here [PDF]. Related Stories Bermuda Stock Exchange Report: April 17 2026 Bermuda Stock Exchange Report: April 16 …

S&P Global Ratings has upgraded SiriusPoint’s core insurance subsidiaries to ‘A’ and its holding company to ‘BBB+’, citing improved capital strength, de-risked portfolios, and sustained underwriting performance. A spokesperson said, “S&P Global Ratings [S&P] has raised the long-term issuer credit and financial strength ratings on the core insurance operating subsidiaries of SiriusPoint Ltd [SiriusPoint or …

International and offshore law firm Ogier and Bermuda-based MJM have “entered into an alliance to better support clients with cross-border matters.” A spokesperson said, “This will enable the two firms to offer co-ordinated support and legal expertise across key international finance hubs. Building on their existing collaboration, Ogier and MJM will work together more closely on …

Bermuda has strengthened its standing as a leading international financial centre in the Global Financial Centres Index 39, rising 23 places to rank 57th globally and retaining first place in Latin America and the Caribbean. A spokesperson said, “Bermuda has further strengthened its position as a leading international financial centre in the latest edition of …

The Bermuda Monetary Authority [BMA] issued a prohibition order against Joakim Samuelsson following “extensive findings of regulatory breaches and failures in his conduct as a director, officer and controller of Custodian Life Limited [Custodian], a Bermuda-registered insurer.” A spokesperson said, “The prohibition order, issued pursuant to section 32H of the Insurance Act 1978 [the Act] and …

A small group of companies is pulling sharply ahead in the race to generate real financial returns from artificial intelligence, according to PwC’s new AI performance study: Want ROI from AI? Go for growth. A spokesperson said, “The global study interviewed 1,217 senior executives, primarily at large, publicly listed companies across 25 sectors, asking them …

LOM Financial Ltd. has announced the retirement of director Dennis Tucker and the appointment of financial services executive Rik Parkhill as an independent director, effective immediately. A spokesperson said, “LOM Financial Ltd. today announced that Mr. Dennis Tucker will be retiring from the boards of LOM Financial Limited and its regulated subsidiaries. The Board of …

The Government of Bermuda today announced the Public Service Career Fair & Expo, which will be held on Thursday, June 18 at Pier 6. A Government spokesperson said, “The event will feature career specific booths, access to information on training and apprenticeship programmes, virtual and in-person panel discussions and demonstrations, bringing together ministries and departments …

BELCO celebrated International Lineworker Appreciation Day with a special breakfast for its lineworkers, jointers, and fitters. A spokesperson said, “International Lineworker Appreciation Day honours the skilled, essential work performed by the men and women who keep the lights on, often at great personal sacrifice. For BELCO’s lineworkers, jointers, and fitters, the job does not stop …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, April 18th. On Saturday the Norwegian Jewel and the Valiant Lady cruise ships and the Gail Bhuwan spares ship are expected, on Sunday the Gail Bhuwan container ship will arrive, and on Monday the Oleander container …

AM Best has upgraded the Financial Strength Rating to A [Excellent] from A- [Excellent] and the Long-Term Issuer Credit Ratings to “a” [Excellent] from “a-” [Excellent] of the rated operating subsidiaries of SiriusPoint Ltd. The ratings agency said, “AM Best has upgraded the Financial Strength Rating to A [Excellent] from A- [Excellent] and the Long-Term …

April 17 saw 3,400 shares trade on the Bermuda Stock Exchange, valued at $154,350.00 BD. 1,900 shares were traded by Bank of N.T. Butterfield Ltd, closing at an even $56.00 per share, while the other 1,500 shares were traded by Watlington Waterworks Ltd, closing up 0.3% at $32.00 per share. The BSX finished at 3,598.34, …

Marsh has announced several promotions and new hires in its Bermuda operations, reinforcing its focus on talent development. A spokesperson said, “Marsh, a global leader in risk, reinsurance and capital, people and investments, and management consulting, today announced several personnel changes within its Bermuda operations, reinforcing Marsh Risk’s continued focus on nurturing and honoring exceptional …

Allied World Assurance Company Holdings, Ltd has announced a $4.3 million, five-year commitment to the St. Baldrick’s Foundation to accelerate lifesaving childhood cancer research. A spokesperson said, “This transformative investment will fund critical studies designed to improve the quality of life for children undergoing cancer treatment while supporting the next generation of pediatric cancer researchers. …

Conyers announced the appointment of David Stubbs as Head of Listing Services within its Bermuda Corporate Practice. A spokesperson said, “David is Counsel in Conyers’ Bermuda Corporate practice and brings extensive experience advising issuers of securities on the BSX. His practice focusses on securities listings across multiple asset classes, including international debt, equity, investment funds and …

April 16 saw 5,000 shares trade on the Bermuda Stock Exchange, valued at $59,400.00 BD. 2,000 shares were traded by Devonshire Industries Ld, closing up 30.0% at $6.50 per share, while another 2,000 shares were traded by Polaris Holding Co. Ltd, closing even at $7.25 per share. 1,000 shares were traded by Watlington Waterworks Ltd, …

BELCO said they “welcomed the Government of Bermuda’s update of Bermuda’s National Electricity Sector Policy [NESP] and supports the Government’s effort to provide clear, modern guidance for the sector.” BELCO President Wayne Caines said: “The NESP emphasis on affordability, reliability, and sustainability reflects the practical realities of operating an isolated island power plant and grid and …

Enstar Group Limited and Artex Capital Solutions announced a strategic arrangement to offer streamlined exit solutions for investors in the Artex Insurance-Linked Securities [ILS] transformation vehicles. A spokesperson said, “The arrangement will provide investors access to a diversified suite of prospective and retrospective exit products [“Exit Options”] through Cavello Bay Reinsurance Limited, Enstar’s wholly owned …

Hamilton Insurance Group has established a casualty reinsurance sidecar to provide dedicated underwriting capacity in support of the Company’s casualty reinsurance portfolio. A spokesperson said, “This sidecar will provide reinsurance capital over a multi-year period, with ceded premium over the duration of the structure projected to be approximately $300 million. The investor capital and overall asset …

April 15 saw 600 shares trade on the Bermuda Stock Exchange, valued at $14,394.00 BD. 600 shares were traded by Allshores Limited, closing even at $23.99 per share. The BSX finished at 3,594.70, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available …

A Spring & Mother’s Day Market will be held on Saturday [April 18] at St. Paul’s Anglican Church Hall in Paget, featuring local vendors and small businesses. A spokesperson said, “Join us on Saturday, April 18th from 10:00 a.m. to 3:00 p.m. at St. Paul’s Anglican Church Hall for a lively Spring & Mother’s Day …

Appleby welcomed Daniel Burkitt as Partner in its Dispute Resolution practice in Bermuda. A spokesperson said, “Daniel is an experienced advocate, with particular expertise in complex and high value insolvency and restructuring, commercial and company matters including shareholder disputes, cryptocurrency, asset preservation, insurance and reinsurance, trust disputes and ADR / arbitrations. He has extensive knowledge …

The Government is seeking proposals from firms to “improve relationships with the Government of Bermuda and official of the United States Congress, and other relevant organizations in the United States of America. ” The document said, “The Government of Bermuda is an UK overseas territory that services a population of approximately of 61,000 and is …

Collas Crill has appointed David Thom as Counsel in its Bermuda office, enhancing the firm’s strength in complex commercial and insurance disputes. A spokesperson said, “David joins with extensive experience in litigation and arbitration, advising clients on a wide range of corporate, insurance and professional liability matters. He is particularly experienced in handling complex, high-value …

The Bermuda Economic Development Corporation [BEDC] celebrated the graduation of the seventh cohort of the Enterprise Bermuda Incubator [EBI] on Thursday, April 9, 2026. A spokesperson said, “The Bermuda Economic Development Corporation [BEDC] celebrated the graduation of the seventh cohort of the Enterprise Bermuda Incubator [EBI] on Thursday, April 9, 2026, at the Four Ways …

Agam Capital is advising one of the largest mutual life insurers in the United States, in the formation and launch of an incorporated segregated account company [ISA] as a Bermuda-domiciled Class E life and annuity reinsurer. A spokesperson said, “This strategic engagement leveraged Agam’s unique pALM analytical platform and differentiated capabilities to support the insurer …

The fifth annual Bermuda Risk Summit 2026 has concluded,  having welcomed 460 delegates, including 172 international attendees. A spokesperson said, “The fifth annual Bermuda Risk Summit 2026, hosted by the Bermuda Business Development Agency [BDA], brought together senior leaders for three days of high-level dialogue, market insight and strategic engagement that reinforced Bermuda’s position as a …

Carey Olsen Bermuda has advised Elliott Investment Management L.P. on the Bermuda law aspects of its engagement with Norwegian Cruise Line Holdings Ltd. A spokesperson said, “Carey Olsen has advised Elliott Investment Management L.P. [Elliott], a leading U.S. investment firm, on the Bermuda law aspects of Elliott’s engagement with Norwegian Cruise Line Holdings Ltd. [NCLH], …

Appleby has appointed Claire van Overdijk KC as Head of Private Client & Trusts in Bermuda. A spokesperson said, “Appleby is delighted to announce the appointment of partner Claire van Overdijk KC as Head of Private Client & Trusts in Bermuda. Claire is responsible for the firm’s contentious and non-contentious private client & trusts practice. …

AM Best has affirmed Coralisle Group Ltd.’s subsidiaries with A [Excellent] financial strength ratings and stable outlooks, citing strong balance sheet strength and solid operating performance. The ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” [Excellent] of the …

HSBC Bermuda confirmed that issues affecting some Visa Gold and Visa Classic credit card transactions linked to personal PayPal wallets have now been resolved following recent service interruptions tied to enhanced security controls. A spokesperson said, “Following the recent interruptions to some services attributed to the implementation of enhanced security controls, HSBC Bermuda confirms that …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, April 11th. On Sunday the Explorer II cruise ship, the GMT Germany discharge ship, and the Walther Herwig III ship are expected, on Monday the Oleander container ship and the Valiant Lady cruise ship will arrive, …

April 10 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,479.56, 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 …

Clarien Bank announced its 2026 corporate giving has exceeded $160,000, supporting a wide range of charitable organisations across the island through continued community investment. A spokesperson said, “Clarien Bank announced today its corporate giving for the year 2026, with donations surpassing $160,000 to a diverse group of charitable organisations. This year’s initiative reflects Clarien’s continued …

April 9 saw 400 shares trade on the Bermuda Stock Exchange, valued at $9,596.00 BD. 400 shares were traded by Allshores Limited, closing even at $23.99 per share. The BSX finished at 3,479.56, even on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day is available …

HSBC Bermuda provided an update following the recent interruptions to some services based on the implementation of additional security controls. A spokesperson said, “With the increase in global payment transparency requirements, it is necessary for HSBC to be able to screen both the payer and the payee as it pertains to cross-border transactions.” Tanya Bule, Head …