Bernews

Paradise Mobile has wrapped up its Heritage Month Art Showcase at its 24 Reid Street store, featuring 22 local artists under the “For de Culture” theme. A spokesperson said “Paradise Mobile has successfully wrapped up its Heritage Month Art Showcase at its 24 Reid Street flagship store. The exhibition featured 22 local artists celebrating the …

PwC Bermuda announced a multi-year commitment to the Living Reefs Foundation, a local marine conservation organization dedicated to protecting and restoring Bermuda’s critical coral reef ecosystems. A spokesperson said, “The support consists of assurance service hours annually for five years and $60,000 in financial support for the Foundation’s Coral Garden initiative, including the development of …

Convex Group Limited announced the launch of Kinetic Insurance Services, a wholly owned, technology-enabled Managing General Agency [MGA] which will start trading in Q4 2026. A spokesperson said, “The MGA has received FCA regulatory approval and will be led by Theo Butt, former CEO of Convex Insurance UK LTD. Anne Middleton has taken over as …

Effective June 1st 2026, Mereo Insurance Ltd has commenced underwriting the first Excess Casualty Energy policies under a renewal rights transaction undertaken between Everen and Cedar Trace, the insurance, reinsurance, and asset management group that is strategically aligned with Mereo. A spokesperson said, “Under the transaction, ESL’s underwriting team and underwriting systems supporting the portfolio …

Arch Capital Group Ltd. announced the pricing of a $2 billion senior notes offering, with proceeds earmarked for debt retirement, tender offers, and general corporate purposes ahead of its expected June 9 closing. The company said, “Arch Capital Group Ltd. [NASDAQ: ACGL] [“Arch” or the “Company”] announced today the pricing of its offering of $600,000,000 …

June 2 saw 5,756 shares trade on the Bermuda Stock Exchange, valued at $322,336.00 BD. 5,756 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.8% at $56.00 per share. The BSX finished at 3,598.44, up 1.63% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report …

Pinnacle Actuarial Resources, Inc. announced that it has acquired Bermuda-based Ordinance Holdings Limited and the renewal rights for clients of Canadian firm Grape Bay Actuarial Consulting Inc, effective June 30, 2026. A spokesperson said, “Ordinance, located in Hamilton, Bermuda, provides actuarial consulting services to insurance, reinsurance, captive insurance and segregated accounts companies. Grape Bay is …

Trebuchet Group Holdings Limited announced the appointment of Heather Bisbee as Group Finance Director. A spokesperson said, “Trebuchet Group Holdings Limited is pleased to announce the appointment of Heather Bisbee as Group Finance Director, effective 13th April 2026. “Heather is an experienced senior financial manager with high-level experience in the re/insurance industry in both regulatory …

Bermuda Is Love announced the launch of its 2026 Summer Internship Programme, a paid two-week internship designed to provide young people with hands-on experience in social justice, human rights, and community advocacy. A spokesperson said, “The programme will take place from July 13–24, 2026, at the Bermuda Is Love Law Office located at 38 Union …

Navium Marine, the marine-focused specialty MGA operating through The Fidelis Partnership’s Pine Walk platform, has partnered with Overhaul, a provider of global cargo risk management, to launch a “first-of-its-kind insurance solution built on real-time visibility of AI infrastructure cargo.” A spokesperson said, “The Helix Consortium connects Overhaul’s cargo risk management technology with the world’s leading …

Beazley announced that Stefan Wunderlich has been appointed Head of Alternative Risk Transfer [ART] alongside his existing role as Head of Parametric. A spokesperson said, “Beazley, the leading specialty insurer, today announces that Stefan Wunderlich has been appointed Head of Alternative Risk Transfer [ART] alongside his existing role of Head of Parametric and will be …

The Bank of Butterfield repurchased 134,043 common shares for cancellation in May 2026 at an average price of $55.79. The filing with the BSX stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the Bermuda Stock Exchange Listing Regulations, the company repurchased for cancellation 134,043 common shares at …

AM Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Ratings of “aa-” [Superior] of the operating affiliates of Allied World Assurance Company Holdings, Ltd.’s [Allied World Holdings] [Bermuda], collectively referred to as Allied World. Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” [Excellent] of Allied World …

The Bermuda Airport Authority’s 2023-2024 Annual Report, which highlighted increased air connections, the launch of BermudAir and continued recovery in passenger arrivals, was presented in the House of Assembly on Friday [May 29]. Lawrence Scott, Chairman Bermuda Airport Authority, said, “The Bermuda Airport Authority’s vision and mission is to connect Bermuda to the world by …

Carnival Corporation has begun notifying individuals whose personal data was affected by the cybersecurity incident, with the cruise ship giant noting that “an unauthorized actor used social engineering to deceive an employee to gain access to a limited portion of the company’s IT system.” A spokesperson said “Carnival Corporation today announced that notification letters have …

A New York Times report on taxes has stated that some companies avoided taxes “by attributing hundreds of billions of dollars in earnings to low- or no-tax jurisdictions such as Cyprus, Bermuda, Switzerland, and the Cayman Islands.” The New York Times report said, “A year ago, the Trump administration withdrew from a global effort to …

ShaMaran Petroleum Ltd said they have “completed their previously announced corporate continuance from Canada to Bermuda.” A spokesperson said, “The Company’s shares have been delisted from the TSX Venture Exchange in Toronto [TSXV] and are expected to begin trading under ticker symbol ‘SNM’ on the Euronext Growth Oslo market [EGO] operated by the Oslo Stock …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, May 30th. On Saturday the Norwegian Jewel and the Vision of the Seas cruise ships are expected, on Monday the Oleander container ship, the Norwegian Aqua and the Independence of the Seas cruise ships will arrive, …

Bermuda Skyport Corporation Limited is inviting local food vendors to sign up by July 31 for the Safety & Wellness Expo on October 6. A spokesperson said, “Calling all local food vendors — join us on October 6 at the Safety & Wellness Expo. “Senior school students, airport stakeholders, and the public will be onsite …

The Government intends to purchase the Compass Point Building on Bermudiana Road, Minister of Public Works and Environment Jache Adams said, adding that the building “provides over 81,000 square feet of structurally sound office space” and the negotiated purchase price is $14.5 million. Speaking in the House of Assembly today [May 29] the Minister said, “I …

Convex Group Limited has received in principle approval to launch Lloyd’s Syndicate 1987, which is planned to commence underwriting on 1st July 2026, subject to appropriate regulatory approvals. A spokesperson said, “With capacity to support the approved business plan provided by Convex, Syndicate 1987 will focus exclusively on long-tail specialty lines, deploying capacity across a …

May 28 saw 4,212 shares trade on the Bermuda Stock Exchange, valued at $100,908.00 BD. 4,212 shares were traded by Allshores Limited, closing up 0.8% at $24.00 per share. The BSX finished at 3,540.87, up 0.06% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

Carey Olsen Bermuda acted as joint lead counsel on the Bank of Butterfield’s US$1.8 billion acquisition of CIBC’s 91.7% stake in Caribbean Bank Limited. A spokesperson said, “Carey Olsen in Bermuda has acted as joint lead counsel to The Bank of N.T Butterfield & Son Limited [Butterfield] on its landmark US$1.8 billion acquisition of CIBC’s …

Vantage Drilling International reported a net income attributable to shareholders of approximately $0.4 million for the three months ended March 31, 2026, A spokesperson said, “Vantage Drilling International Ltd. reported a net income attributable to shareholders of approximately $0.4 million or $0.03 per diluted share for the three months ended March 31, 2026, based on …

May 27 saw 4,500 shares trade on the Bermuda Stock Exchange, valued at $107,100.00 BD. 4,500 shares were traded by Allshores Limited, closing up 11.7% at $23.80 per share. The BSX finished at 3,538.91, up 0.70% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

May 26 saw 5,002 shares trade on the Bermuda Stock Exchange, valued at $106,548.00 BD. 5,002 shares were traded by Allshores Limited, closing down 11.3% at $21.30 per share. The BSX finished at 3,514.41, down 0.75% on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day …

Solstice has welcomed psychiatrist Dr Elizabeth Hathaway to its team. A spokesperson said, “Solstice is proud to welcome Dr Elizabeth Hathaway, a board-certified consultant psychiatrist who works with adults across the lifespan, with specialist expertise in geriatric psychiatry and psychodynamic psychotherapy. “Dr Hathaway joins Solstice at a time when more Bermudians are navigating anxiety, depression, …

Carnival completed a restructuring on May 7, unifying its dual-listed structure into Bermuda-registered Carnival Corporation Ltd. to simplify operations and support long-term growth. A statement from the company said, “On May 7, 2026, Carnival Corporation and Carnival plc unified our dual-listed company structure into Carnival Corporation Ltd., a Bermuda‑registered company with Carnival UK Ltd. [formerly …

May 25 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: May 21 2026 Bermuda Stock Exchange Report: May 20 …

The CG Wellness Festival will be held on Saturday, May 30 at Albuoy’s Point from 10am to 4pm, with the free event set to feature fitness classes, live entertainment, the Gombeys and more. A spokesperson said, “Coralisle Group Ltd. [CG] has announced the rebrand of its longstanding corporate wellness programme, Zest Wellness, to CG Wellness, …

Everest Group has announced a definitive agreement to sell its Colombia insurance unit to American International Group [AIG]. A spokesperson said, “Everest Group, Ltd. [“Everest” or “the Company”] [NYSE: EG], a global specialty reinsurance and insurance leader, announced a definitive agreement to sell Everest Compañía de Seguros Generales Colombia S.A. to American International Group, Inc. …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, May 23rd. On Saturday the Independence of the Seas and the Norwegian Jewel cruise ships, the Brilliant Ace auto carrier and the Seapeak Oak container ship are expected, on Sunday the Oleander container ship will arrive, …

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

May 21 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], and the full report for the week is available here [PDF]. Related Stories Bermuda Stock …

BermudAir is flying high after achieving a world-class Net Promoter Score [NPS] of 70, placing the island’s flag carrier among the top airlines globally for customer satisfaction. A spokesperson said, “As Bermuda Day approaches, BermudAir, Bermuda’s flag carrier, is proud to share that the airline has achieved an extraordinary Net Promoter Score [NPS] of 70, …

Walkers published a fintech white paper during the Consensus conference, featuring insights from Rachel Nightingale on how Bermuda is navigating the evolving digital asset landscape. A spokesperson said, “Walkers, the international legal and professional services firm, has published a fintech white paper in parallel with industry discussions at Consensus, exploring the evolving role of leading …

A hotdog business will set up shop outside Wesley Community Church during tomorrow’s [May 22] Bermuda Day parade, run by a 14-year-old entrepreneur and Berkeley Institute student. The cash-only setup will be offering hotdogs, drinks, chips, and ice cream to those out enjoying the holiday. For extensive coverage of Bermuda Day spanning over 15 years, …

Chubb Bermuda today announced the appointment of David Jenkins as Senior Vice President, Head of Excess Property. Mr. Jenkins currently serves as Senior Vice President, Head of Bermuda Property. In this role, Mr. Jenkins will lead and develop Chubb Bermuda’s property underwriting team, overseeing the strategic growth of the excess property portfolio for large multinational …

Chubb Bermuda announced that Robert Spurling has been named Head of Financial Lines, Chubb Bermuda. Mr. Spurling currently serves as Senior Vice President, Financial Lines Underwriter. A spokesperson said, “In his new role, Mr. Spurling will have oversight of Chubb Bermuda’s Financial Lines business unit and will be responsible for the strategic direction and growth …

Carey Olsen Bermuda has advised International Seaways, Inc. on a US$240 million K-SURE-backed financing deal that was named Marine Money’s Export Credit Deal of the Year 2025. A spokesperson said, “Carey Olsen’s corporate and finance team in Bermuda has advised International Seaways, Inc. [International Seaways] on its US$240 million Korea Trade Insurance Cooperation [K-SURE]-backed financing, …

May 20 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: May 19 2026 Bermuda Stock Exchange Report: May 18 …

KPMG in Bermuda’s healthcare consulting team has highlighted the importance of mental wellbeing with the launch of a new, island-focused mental health proposition. “Mental Health Awareness Month is an important reminder of the growing pressure mental health challenges place on health systems around the world. In island communities, these pressures are often compounded by limited …

Mereo Insurance Limited announced a renewal rights transaction with Everen Specialty Ltd., a member of the Everen Group, for ESL’s Excess Casualty Energy portfolio. A spokesperson said, “Under the transaction, Mereo will become the insurance carrier on a go-forward basis for both new and renewed business effective June 1, 2026. ESL’s underwriting team and underwriting …

May 19 saw 7 shares trade on the Bermuda Stock Exchange, valued at $168.00 BD. 7 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, 0 declines, and 47 remained unchanged. The full report for the day is available …

Atlantic Podiatry is marking its third anniversary with extended operating hours, an expanded clinical team, and more. A spokesperson said, “Atlantic Podiatry is celebrating its third anniversary with the addition of a third podiatrist to its clinical team, extended operating hours, Saturday appointments, and continued investment in Bermuda’s future healthcare workforce. “Founded by UK-trained podiatrist …

Bermuda Motors is highlighting A1 Auto Mechanic Patrick Abuluyan after he completed advanced technical training in Trinidad and Tobago, conducted by Toyota Tsusho America Inc. A spokesperson said, “Bermuda Motors is proud to recognize the achievement of A1 Auto Mechanic Patrick Abuluyan, who recently completed advanced technical training in Trinidad conducted by Toyota Tsusho America …

May 18 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: May 15 2026 Bermuda Stock Exchange Report: May 14 …

The Bermuda Chamber of Commerce announces Harbour Nights 2026 returns to Front Street this Wednesday, running weekly through September 16 with local vendors and entertainment. A spokesperson said, “The Bermuda Chamber of Commerce is pleased to announce that Harbour Nights 2026 will return to Front Street this Wednesday, May 20th from 7:00 p.m. to 10:00 …

The City of Hamilton is inviting experienced Bermuda-based catering and culinary operators to submit proposals for two immersive dining experiences planned as part of Taste of Bermuda 2026. A spokesperson said, “Designed to elevate the annual City food festival with theatrical storytelling, technology, and world-class cuisine, the City is seeking creative partners capable of delivering …

LOM Financial is set to host a free ‘Investing 101′ webinar on May 20 focused on building wealth, understanding risk and making smarter financial decisions for beginners. A spokesperson said, “Our team will be doing a free educational webinar this Wednesday, 20th May @2PM. “Titled Investing 101, it is focused on learning the basics of …