Bernews

AM Best has affirmed the Financial Strength Rating of ‘A’ [Excellent] for Bermuda based Coralisle Group Ltd.’s life, health and property and casualty subsidiaries across Bermuda and the Caribbean. A spokesperson said, “Best also affirmed the Long-Term Issuer Credit Ratings of ‘a’ [Excellent] and ‘stable’ credit outlooks for the Group’s subsidiaries. “The ratings affirmations reflect …

The Fidelis Partnership has launched Mezura Capital Partners, a new Capital Solutions business based in Bermuda and led by Shireen Gammoh. A spokesperson said, “Pine Walk, the specialist MGA platform of The Fidelis Partnership [TFP], is pleased to announce the launch of Mezura Capital Partners [Mezura Capital], a new Capital Solutions business. “Headquartered in Bermuda, …

April 8 saw 600 shares trade on the Bermuda Stock Exchange, valued at $32,400.00 BD. 600 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.9% at $54.00 per share. The BSX finished at 3,479.66, up 1.68% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report …

Auto Solutions, Hyundai’s distributor in Bermuda, has been awarded for the highest sales growth in its category at the brand’s annual convention. A spokesperson said, “Hyundai Motor Central & South America celebrated in March in Panama its “Annual Convention”, gathering the distributors of the region to present updated information on the brand’s operation and to …

April 7 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,422.09, 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 6 2026 Bermuda Stock Exchange Report: April 2 …

ILS Bermuda has confirmed that its flagship Convergence event will return from 12–14 October 2026 with new leadership appointments now in place. A spokesperson said, “ILS Bermuda has confirmed that its flagship Convergence event will return from 12–14 October 2026, convening global leaders from across insurance, reinsurance, capital markets and the insurance-linked securities ecosystem for …

The Department of Immigration is “advising of further updates to the English Language proficiency requirements for work permit holders whose first language is not English and who do not hold a degree from an English-instruction university or college.” A spokesperson said, “The requirement for work permit holders to demonstrate English proficiency is outlined in Section …

April 6 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,422.09, 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 2 2026 Bermuda Stock Exchange Report: April 1 …

The Bermuda Wedding Collective will host a bridal expo on October 4 at Pier 6, featuring over 20 vendors and a range of services for couples planning weddings in Bermuda. A spokesperson said, “The Bermuda Wedding Collective is set to host a bridal expo on October 4, 2026, bringing together over 20 wedding vendors at …

The Bermuda Wedding Collective will host a bridal expo on October 4 at Pier 6, featuring over 20 vendors and a range of services for couples planning weddings in Bermuda. A spokesperson said, “The Bermuda Wedding Collective is set to host a bridal expo on October 4, 2026, bringing together over 20 wedding vendors at …

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 Canopius US Insurance, Inc. [Canopius US] [Wilmington, DE] and Canopius Reinsurance Limited [Canopius Re] [Bermuda]. Both entities are wholly owned subsidiaries of Canopius Group Limited [Canopius] …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, April 4th. On Friday the HMCS Ville de Quebec ship is expected, on Saturday the Almi Odyssey container ship and the Grit Cement discharge ship will arrive, and on Monday the Oleander container ship and the …

AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” [Excellent] of Fidelis Insurance Bermuda Limited [Bermuda], Fidelis Underwriting Limited [United Kingdom] and Fidelis Insurance Ireland Designated Activity Company [Ireland]. In addition, AM Best has affirmed the Long-Term ICR of “bbb” [Good] of Fidelis …

Aflac Re Bermuda Ltd. has reached an agreement with Japan Post Insurance Co., Ltd. to reinsure a block of whole life annuities through coinsurance, A spokesperson said, “Aflac Incorporated [NYSE: AFL], the leading life and health insurer through its subsidiaries in Japan and the U.S., today announced that Aflac Re Bermuda Ltd. [Aflac Re] has …

Appleby Bermuda has announced the promotion of Cathryn Minors to Partner, Katie Blundy, Arielle DeSilva and Hailee Forde to Counsel, and Larissa Dziubenko and Ryan Taylor to Senior Associate, recognising their contributions and professional growth within the firm. A spokesperson said, “Appleby is delighted to announce the promotion of six lawyers, recognising progression across Partner, …

The Bermuda Taxi Owners & Operators Association [BTOA] has announced the rollout and launch timeline for Journi, a new platform aimed at improving Bermuda’s transportation sector. A spokesperson said, “The Bermuda Taxi Owners & Operators Association [BTOA] today announced the operational rollout and official launch timeline for Journi, a locally owned and governed managed mobility …

April 2 saw 9,535 shares trade on the Bermuda Stock Exchange, valued at $296,757.00 BD. 2,635 shares were traded by Bank of N.T. Butterfield Ltd, closing up 3.9% at $53.00 per share, while another 6,900 shares were traded by Allshores Limited, closing up 4.3% at $24.00 per share. The BSX finished at 3,422.09, up 3.65% …

One Communications is inviting the public to explore the island, support local businesses, and win prizes through its month-long ‘Find the ONE’ scavenger hunt throughout April. A spokesperson said, “OneComm is inviting Bermuda residents to explore the island, support local businesses, and win exciting prizes with the launch of ‘Find the ONE,’ a month-long island-wide …

Ignite Bermuda is accepting applications for its 11th Entrepreneurial Accelerator, offering the Core Programme and Fuel Your Ambition Series for Bermudian innovators to develop and scale impactful start-ups from April 6 to April 24. A spokesperson said, “Ignite Bermuda welcomes applications for its 11th Entrepreneurial Accelerator, featuring two tracks – the Core Programme and Fuel …

The Bank of Butterfield repurchased for cancellation 298,847 common shares in March 2026. 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 298,847 common shares at an average …

April 1 saw 2,042 shares trade on the Bermuda Stock Exchange, valued at $106,128.00 BD. 2,042 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.0% at $52.00 per share. The BSX finished at 3,364.52, up 1.74% on the day. There was 1 advance, 0 decline, and 46 remained unchanged. The full report …

“The Bermuda Business Development Agency [BDA] today announced that Bermuda’s Economic Investment Residential Certificate [EIRC] programme has “surpassed $600 million in associated investments since its launch in 2021, marking five years of activity across key sectors of the Bermuda economy.” A spokesperson said, “Since launch, the programme has attracted nearly 100 international investors and their …

The Bermuda Principles 30th Anniversary Conference held in February 2026 at the Hamilton Princess has been hailed as a resounding success, reinforcing Bermuda’s role in global genomics collaboration. A spokesperson said, “The Bermuda Principles 30th Anniversary Conference, held from 25–28 February 2026 at the Hamilton Princess, has been hailed as a resounding success, bringing together …

Industry, regulatory, and government luminaries take the spotlight among numerous high-profile speakers at next week’s inaugural ABIR Risk Forum at the Hamilton Princess. A spokesperson said, “The full-day event April 8 features Chair of the European Insurance and Occupational Pensions Authority [EIOPA], President of the US National Association of Insurance Commissioners [NAIC], and Chair of …

Walkers’ Bermuda team has advised Verdant Rock Limited on its successful application to the Bermuda Monetary Authority [BMA] for approval in principle to register as a Class 3B insurer. A spokesperson said, “Walkers’ Bermuda team is delighted to have advised Verdant Rock Limited on its successful application to the Bermuda Monetary Authority [BMA] for approval …

March 31 saw 500 shares trade on the Bermuda Stock Exchange, valued at $12,000.00 BD. 500 shares were traded by Allshores Limited, closing up 4.3% at $24.00 per share. The BSX finished at 3,306.95, up 0.30% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

BELCO has announced that the Fuel Adjustment Rate [FAR] will decrease effective tomorrow [April 1]. A spokesperson said, “Bermuda Electric Light Company Limited [BELCO] today advised that following approval by the Regulatory Authority of Bermuda, the Fuel Adjustment Rate will decrease effective April 1, 2026. “As of April 1, the FAR will decrease from 13.799 …

A Bermuda-style house built in 2025 was listed for $79.5 million in Florida, offering a newly constructed oceanfront estate with luxury amenities and expansive living space. The Christian Angle Real Estate said, “Spectacular New Oceanfront Estate on Billionaires Row – Introducing a newly constructed oceanfront compound on prestigious Billionaires Row, offering panoramic views of the …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, March 28th. On Saturday the Allura cruise ship is expected, on Sunday the Azamara Quest and the SS Grandeur cruise ships will arrive, and on Monday the Oleander container ship is scheduled to arrive. On Wednesday …

Conduit Holdings Limited has announced the appointment of Richard Lightowler, Peter Mullen, and Penny Shaw as Non-Executive Directors with effect from 26 March 2026. A spokesperson said, “Conduit Holdings, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, today announces the appointments of Richard Lightowler, Peter Mullen and Penny Shaw as Non-Executive …

The Bermuda Monetary Authority [BMA] has issued a prohibition order against Mr. Joakim Samuelsson. A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] today announces that it has issued a prohibition order against Mr. Joakim Samuelsson, pursuant to section 32H of the Insurance Act 1978 [Insurance Act], following the conclusion of an enforcement process …

March 26 saw 4,300 shares trade on the Bermuda Stock Exchange, valued at $98,900.00 BD. 4,300 shares were traded by Allshores Limited, closing even at $23.00 per share. The BSX finished at 3,297.15, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available …

Ten Bermuda College students will gain early exposure to [re]insurance careers through ABIR’s upcoming Risk Forum and a special pre-event briefing breakfast. A spokesperson said, “Ten highly engaged Bermuda College students have been given an exciting opportunity to jump-start their [re]insurance careers at the Association of Bermuda Insurers and Reinsurers’ [ABIR] Risk Forum next month. …

Whitney Institute Middle School has enhanced its Visual Arts programme after receiving nine MacBook Air laptops from Mailboxes Unlimited to support digital art and design learning. A Government spokesperson said, “Students at Whitney Institute Middle School have received a boost to their Visual Arts programme following a significant investment from a long-standing community partner. “Mailboxes …

March 25 saw 1,500 shares trade on the Bermuda Stock Exchange, valued at $34,500.00 BD. 1,500 shares were traded by Allshores Limited, closing up 5.5% at $23.00 per share. The BSX finished at 3,297.15, up 0.36%on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day is …

The Adult Education School [AES], supported by HSBC Bermuda, will host a free financial literacy workshop on banking basics this evening [March 25] at 6.00pm. A spokesperson said, “The Adult Education School, with the support of HSBC Bermuda, invites the public to its free financial literacy workshop focused on banking basics, taking place on Wednesday, …

Mosaic Insurance has restructured its Singapore and Dubai underwriting platforms to strengthen its global operating model, with CEO Benn Wilson relocating to Dubai. A spokesperson said, “Mosaic Insurance today announced a reorganization of two core underwriting hubs to align international resources and support its next phase of growth. “Under the restructure, CEO of Mosaic Singapore, …

Convex Group Limited announced that Stephen Catlin will step down as Chairman and become Founder and Life President, while Bobby Le Blanc has been appointed Chairman. A spokesperson said, “Convex Group Limited [“Convex”], the international specialty insurer and reinsurer, today announces that Stephen Catlin has decided to stand down as Chairman of the Board. He …

Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced today a number of promotions across its Bermuda and London offices. A spokesperson said, “This continues Ariel Re’s stated mission to be an ‘academy firm’, a place for ambitious [re]insurance professionals to learn and develop their careers. “This year’s …

March 24 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,285.40, 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: March 23 2026 Bermuda Stock Exchange Report: March 19 …

Premier David Burt is travelling to London and Luxembourg from March 23–26 for “a series of engagements aimed at strengthening Bermuda’s engagement with Westminster, as well as enhancing international partnerships and cooperation in financial services, including meetings in Luxembourg.” A Government spokesperson said, “The visit begins in London, where Premier Burt will co-host a dinner …

Corey Lewis and Mya Smith of Bermuda Motors Ltd. engaged Elliott Primary School students with interactive automotive demonstrations during the school’s annual Career Fair on March 11. A spokesperson said, “Corey Lewis [Tradesman] and Mya Smith [Vehicle Dismantler & Parts Department Assistant] represented Bermuda Motors Ltd. at the Elliott Primary School annual Career Fair on …

Everest Group, Ltd. has signed a definitive agreement to sell its Canadian Retail Insurance operations, Everest Insurance Company of Canada, to The Wawanesa Mutual Insurance Company. “This transaction represents a strong outcome for both organizations, our shareholders and our colleagues,” said Jim Williamson, President and Chief Executive Officer of Everest. “The Canadian Retail team has …

March 23 saw 17,001 shares trade on the Bermuda Stock Exchange, valued at $814,041.00 BD. 15,201 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.0% at $51.00 per share, while another 1,800 shares were traded by Allshores Limited, closing even at $21.80 per share. The BSX finished at 3,285.40, up 1.78% on …

Starr, a global investment and insurance organization, today announced that it has completed its acquisition of IQUW Group, “creating a broader, more diversified specialty [re]insurance platform with enhanced capabilities across the London market, Bermuda and UK retail motor.” A spokesperson said, “The combined Starr business now serves more clients and brokers in more specialist classes …

Compre Group Holdings Limited, the Bermuda-domiciled international specialty reinsurance group, has entered into an adverse development cover [ADC] transaction with a European-domiciled reinsurance entity, providing protection for a diversified portfolio of motor, engineering and liability business. A spokesperson said, “The transaction covers an assumed reinsurance book spanning underwriting years 2018 to 2024, with net reserves …

PartnerRe Ltd reported full-year 2025 net income of $2.10 billion, highlighting strong underwriting and investment performance. A spokesperson said, “PartnerRe Ltd. today reported Full Year 2025 Results Highlights Gross premiums written of $9.16 billion Non-life gross written premiums of $6.70 billion Life and Health gross written premiums of $2.47 billion Net income attributable to PartnerRe …

HSBC Bermuda [HSBC] announced Kevin Davies as the winner of the Mastercard Credit Card “Spend & Get” South African Safari Campaign Draw. A spokesperson said, “From November 19th, 2025 through January 31st of this year, for every $300.00 purchase made via their HSBC Mastercard, customers automatically qualified for one entry into the campaign’s prize draw, …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, March 21st. On Saturday the Atlas Leader auto carrier, the Flex Artemis medical ship and the Umm Graybah container ship are expected, on Monday the Oleander container ship will arrive, and on Tuesday the Somers Isles …

Freisenbruch Insurance Services Ltd. has launched Benefits Advisory, a new practice offering independent advisory and broking services across group health, life, disability, and pension programs for Bermuda employers. A spokesperson said, “Bermuda employers face rising costs and increasing complexity in managing employee benefit programs in a limited market. Freisenbruch established a Benefits Advisory service to …