Updates On The Economic Development Strategy

“I am pleased to continue reporting on Bermuda’s Economic Development Strategy 2023–2027, following my previous report on Strategic Priority 1: Local and International Business Retention and Expansion. Today, I will speak on Strategic Priority 2, Business Attraction and Investment Promotion,” Minister of Economy and Labour Jason Hayward said in the House of Assembly. The Minister’s …
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Island Trading Joins Beyond Plastics Bermuda

Island Trading has become an official Beyond Plastics Bermuda Champion, receiving the organisation’s Champions Certificate for its commitment to reducing single-use plastics. A spokesperson said, “Island Trading is pleased to announce that we are now an official member of Beyond Plastics Bermuda and have received the organisation’s Champions Certificate, recognising our commitment to reducing single-use …
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Sports Club Business Planning Incubator

The Bermuda Economic Development Corporation [BEDC] will host a free information session at the Devonshire Recreation Club on Thursday, March 19 to introduce the second cohort of its Sports Club Business Planning Incubator. A spokesperson said, “The Bermuda Economic Development Corporation [BEDC] will host a free information session on Thursday, March 19, from 6:00 p.m. …
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Kristen Dardia Joins Markel As Analytics Lead

Markel announced the appointment of Kristen Dardia as Head of Portfolio Analytics for its US and Bermuda operations. A spokesperson said, “Markel, the insurance operations within Markel Group Inc. [NYSE: MKL], announced today the appointment of Kristen Dardia as Head of Portfolio Analytics, US & Bermuda. In her role, Dardia will lead Markel’s advanced analytics, …
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Minister Highlights Insurance Career Paths

Minister of Economy and Labour Jason Hayward delivered welcoming remarks at the Bermuda Risk Summit’s Future Leaders Forum, encouraging students and young professionals to pursue careers in Bermuda’s risk and insurance sector. A Government spokesperson said, “Earlier today [March 11], the Minister of Economy and Labour, the Hon. Jason Hayward, JP, MP, delivered welcoming remarks …
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Employers Urged To Submit OSHR 30 Reports

The Occupational Safety and Health Office is reminding employers that the statutory deadline for submitting the 2025 Employer’s Annual Report of Accidents, Occupational Illnesses & Dangerous Occurrences [OSHR 30] has now passed. A Government spokesperson said, “The Occupational Safety and Health Office is advising all employers that it is now past the statutory deadline for …
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Hospitality Industry Careers Fair On March 18

The Bermuda Hotel Association and partners will be hosting a Hospitality Industry Careers Fair on Wednesday, March 18, from 10.00am to 2.00pm at the Hamilton Princess & Beach Club. A spokesperson said, “The Bermuda Hotel Association, in collaboration with the Department of Workforce Development, the Bermuda Chamber of Commerce Tourism & Restaurant Divisions, and Bermuda …
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Green Family Pledge $500K For BHB Maternity Unit

The Green Family has pledged a total of $500,000 over the next five years to Bermuda Hospitals Charitable Foundation [BHCF] in support of Bermuda Hospitals Board [BHB] and the hospital’s Maternity Unit and Special Care Baby Unit [SCBU]. A spokesperson said, “This multi-year commitment will directly enhance BHB’s Maternity Unit and Special Care Baby Unit …
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Bermuda Risk Summit Spotlights Wildfire Risk

The Bermuda Risk Summit 2026 will feature keynote and panel sessions on conflagration risk, examining how wildfire losses are reshaping global insurance and reinsurance markets. A spokesperson said, “The Bermuda Business Development Agency [BDA] today announced two featured sessions at Bermuda Risk Summit 2026 focused on wildfire and conflagration risk, a rapidly intensifying peril that …
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BDA To Host Future Leaders Forum On March 11

The Bermuda Business Development Agency [BDA] will host the Future Leaders Forum on Wednesday, March 11, at the Hamilton Princess & Beach Club. A spokesperson said, “The Bermuda Business Development Agency [BDA] is bringing back its Future Leaders Forum, a dedicated programme within the Bermuda Risk Summit agenda designed to connect students, graduates, and career …
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Photos: ‘Space’ Launches On Front Street

‘Space’ officially celebrated its launch on Front Street, welcoming guests with specialty cocktails, curated foods, and a modern atmosphere in the heart of the City of Hamilton. The Space website says, “Our story began with two respected companies — Commercial Office Environments [COE], focused on premium office furniture and flooring, and Furniture Flair, a long-time …
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One Comm Launches Brava Connex Package

Brava – powered by One Communications – has launched Connex, “a new business internet package with automatic LTE backup to keep Bermuda’s small and medium-sized businesses connected.” A spokesperson said, “Brava, powered by One Communications, today announced the launch of Connex, a new business internet package developed to give Bermuda’s small and medium‑sized businesses a …
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Photos: Gombeys At Bacardi Vendors Market

Bacardi hosted a Gombey performance at the Black-Owned Vendor Market event on Friday, bringing a festive and traditional Bermudian flair to the evening. Held at the company’s global headquarters, the market served as a platform to empower and highlight local entrepreneurs. Related Stories Photos: Bacardi Hosts Vendor Market Photos, Video & 360: Bacardi Vendor Market Photos: Phoenix …
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Butterfield Expands WeSpeak Partnership

WeSpeak Bermuda is proud to announce the strengthening of its long-standing partnership with Butterfield becoming a Platinum Partner, reflecting a shared commitment to the development and empowerment of women and teen girls across Bermuda. A spokesperson said, “Through this continued partnership, Butterfield will play an integral role in enabling WeSpeak to expand its programming and …
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Ascot Appoints Walch-Watson & Gallagher

Ascot Group Limited announced the appointments of Patrice Walch-Watson and Christopher Gallagher to its Board of Directors. A spokesperson said, “Ascot Group Limited, the Bermuda based global specialty insurance company, announced today that Patrice Walch-Watson and Christopher Gallagher have been appointed to its Board of Directors.” Kewsong Lee, Chairman of the Board of Ascot Group …
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IGI Declares $1.15 Extraordinary Dividend

International General Insurance Holdings Ltd. [IGI] announced an extraordinary cash dividend of $1.15 per common share, payable on April 6 to shareholders of record as of March 18, 2026. A spokesperson said, “International General Insurance Holdings Ltd. today announced that its Board of Directors has declared an extraordinary cash dividend of $1.15 per common share. …
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Fitch Upgrades SiriusPoint’s Rating

Fitch Ratings has upgraded the ratings of SiriusPoint Ltd, including the Insurer Financial Strength [IFS] rating of its operating subsidiaries to ‘A’ [Strong] from ‘A-’, its Long-Term Issuer Default Rating [IDR] to ‘BBB+’ from ‘BBB’, and its senior debt rating to ‘BBB’ from ‘BBB-’. The Rating Outlook is Stable. The ratings agency said, “The upgrade of …
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Fidelis To Rebrand As Pelagos Insurance

Fidelis Insurance Holdings Limited announced its intention to rebrand as Pelagos Insurance Capital Limited and begin trading as NYSE: PLGO in May 2026, pending regulatory and shareholder approvals, while confirming that its operations, regulatory permissions, and client arrangements will remain unchanged. A spokesperson said, “Fidelis Insurance Holdings Limited [NYSE:FIHL] [“Fidelis Insurance Group” or the “Company”], …
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Nick Vernon Joins Walkers Bermuda

Walkers has strengthened its Bermuda employment practice with the appointment of employment partner Nick Vernon. A spokesperson said, “We have bolstered our Bermuda offering with the hire of employment partner, Nick Vernon. “His arrival marks a significant milestone as we respond to increasing demand for specialist employment advice in the market, enhancing its established employment …
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Allshores Partners With The Phoenix Stores

“Beginning March 1, new prescriptions for certain high-cost medications will be directed to The Phoenix Stores pharmacies as the designated provider,” Allshores said. A spokesperson said, “Allshores Limited announced a pharmacy partnership designed to help manage rising prescription drug costs while maintaining full coverage and continued access for members, particularly those managing chronic or complex …
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Fidelis Expands Capital Management Initiatives

Fidelis Insurance Group has announced an expansion of its capital management initiatives, including an increase in its common share repurchase authorization to $400 million and a quarterly dividend of $0.15 per share. A spokesperson said, “Fidelis Insurance Holdings Limited [NYSE:FIHL] [“Fidelis Insurance Group” or “the Company”], a strategic capital allocator and risk selector in specialty …
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