Business

AM Best has assigned a Preliminary Credit Assessment [PCA] to Fortium Insurance Company Ltd. [Fortium] [Bermuda] with a Financial Strength Assessment of A- pca [Excellent] and a Long-Term Issuer Credit Assessment of “a-” pca [Excellent]. The outlook assigned to the PCA is stable. The ratings agency said, “The PCA reflects Fortium’s balance sheet strength, which …

Bacardi Limited has completed a transaction to become the sole owner of the Teeling Whiskey Company and the Teeling Irish whiskey brand, with founders Jack and Stephen Teeling remaining involved as strategic advisors. A spokesperson said, “Bacardi Limited has announced the completion of a transaction that makes the family-owned company the sole owner of the …

The 57th Annual Gas-o-Rama raised $20,500 for Compassionate Care Partners’ Help Us Grow campaign. A spokesperson said, “The 57th Annual Gas-o-Rama, a collaboration between the Hamilton Lions Club and Terceira’s Service Stations, held on Saturday, February 28, raised $20,500 for Compassionate Care Partners [formerly known as Friends of Hospice] and its Help Us Grow capital …

AM Best affirmed the ratings of Allshores Limited’s insurance and reinsurance subsidiaries, citing the outlook for all ratings is Stable. The ratings agency said, “Allshores Limited [“Allshores”] [BSX: ALSH] today announced that 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] …

Bermuda Motors representatives Joy Burgess and Sebastien Cornet attended the MINI Product & Marketing Conference in Budapest, Hungary. A spokesperson said, “Bermuda Motors was proudly represented at the MINI Product & Marketing Conference held in Budapest, Hungary, in June 2026 by Joy Burgess, Senior Sales Representative, and Sebastien Cornet, General Sales Manager. “The conference brought …

June 23 saw 3,000 shares trade on the Bermuda Stock Exchange, valued at $75,030.00 BD. 3,000 shares were traded by Allshores Limited, closing down 1.9% at $25.01 per share. The BSX finished at 3,700.50, down 0.13% on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day …

June 22 saw 2,229 shares trade on the Bermuda Stock Exchange, valued at $56,594.50 BD. 2,229 shares were traded by Allshores Limited, closing up 6.3% at $25.49 per share. The BSX finished at 3,705.20, up 0.40% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

AM Best revised its outlook on Nuclear Electric Insurance Limited and its subsidiaries, including Bermuda-based Cedar Hamilton Limited, to positive from stable. The ratings agency said, “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 …

AM Best affirmed the ratings of Convex Group’s insurance and reinsurance subsidiaries, citing the group’s very strong balance sheet, improving underwriting performance and stable outlook. 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 Convex Re Limited [CRL] [Bermuda], …

Allshores announced today that “the Board has determined to return up to BMD$20.0 million to eligible Shareholders by way of a Tender Offer.” In a filing with the BSX, the company said, “Allshores Limited [the “Company”] announces today that the Board has determined to return up to BMD$20.0 million to eligible Shareholders by way of …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, June 20th. On Saturday the Independence of the Seas and the Norwegian Jewel cruise ships, the SSV Tabor Boy ship and the Grendi Futura bunkers ship are expected, on Sunday the Jasper Arrow auto carrier and …

Arch Capital Group announced the promotions of Jerome Halgan to CEO of Arch Global Reinsurance Group and Michael Schmeiser to CEO of Arch Global Mortgage Group. Both will continue to report to Arch President Maamoun Rajeh. A spokesperson said, “Jerome and Michael are experienced leaders who are deeply grounded in Arch’s underwriting culture and corporate …

AM Best affirmed the ratings of PT Asuransi Astra Buana, saying “the ratings also factor in a neutral impact from Asuransi Astra’s ultimate parent, Jardine Matheson Holdings Limited [Bermuda].” The ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A- [Excellent], the Long-Term Issuer Credit Rating of “a-” [Excellent] and the …

June 19 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,690.51, 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 …

June 18 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,690.51, 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: June 16 2026 Bermuda Stock Exchange Report: June 12 …

“Bermuda’s boardrooms are facing a widening governance gap between the pace of artificial intelligence [AI] investment and their capacity to oversee it,” according to PwC’s Caribbean Corporate Governance Survey 2026 – Bermuda Edition. A spokesperson said, “The survey, which outlines four board priorities for the future, reveals that while 62% of directors agree their organizations’ …

The 2026 Athene Life Career Expo brought together more than 500 students, graduates and professionals to explore careers in Bermuda’s growing life and annuity reinsurance industry. A spokesperson said, “More than 500 students, recent graduates and seasoned professionals attended the 2026 Athene Life Career Expo.” “This was the fourth year of the Athene Life Career …

Skyport is seeking expressions of interest from companies to “operate and maintain two full-service common use VIP Lounges at the airport.” A spokesperson said, “Bermuda Skyport Corporation Limited [Skyport], developer and operator of L.F. Wade [Bermuda] International Airport under a thirty-year agreement with the Government of Bermuda, wishes to invite participation from qualified and reputable …