Business

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 …