Business

Polaris Holding Company Ltd. announced a $0.05 per share dividend. In a filing with the Bermuda Stock Exchange, Polaris said, “Please accept this notification that a dividend in the amount of BD $0.05 per share has been declared and approved by the board of directors of the Company, payable on 30 June 2026, to the shareholders …

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] of Vantage Risk Ltd. [Bermuda] and its affiliates, Vantage Risk Specialty Insurance Company and Vantage Risk Assurance Company [both domiciled in Wilmington, DE], which do business as Vantage …

AM Best has affirmed the Financial Strength Rating of B++ [Good] and the Long-Term Issuer Credit Rating of “bbb” [Good] of Mozart Insurance, Ltd. [Mozart] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Mozart’s balance sheet strength, which AM Best assesses as very strong, as well as …

AXIS Capital Holdings Limited has appointed Pradip Patiath to its Board of Directors, effective June 15, 2026. Mr. Patiath will join the Board, where he will serve on its Risk and Human Capital and Compensation Committees. “Pradip is recognized as one of the foremost thinkers and practitioners in digital strategy in the financial services sector. He …

Bermuda Container Line Ltd. has announced the retirement of Chairman John Wight after 15 years of service, with Deputy Chairman George Hutchings elected to take over the role. A spokesperson said, “Bermuda Container Line Ltd. [“BCL”] announced today the retirement of John Wight as Chairman of the company’s Board of Directors. Mr. Wight had served …

The Government of Bermuda’s Public Service Career Fair & Expo will be held at Pier Six tomorrow [June 18], highlighting career opportunities, training programmes and advancement pathways across the public service. A Government spokesperson said, “Tomorrow [June 18] the Government of Bermuda’s Public Service Career Fair & Expo will take place tomorrow at Pier Six, …

Everest Group, Ltd. announced that it has partnered with Stone Point Insurance Solutions to launch Annapurna Re Ltd., a Bermuda-based casualty reinsurance sidecar. A spokesperson said, “Funds managed by Stone Point will serve as the inaugural, anchor investors in this multi-year vehicle. “As part of the transaction, Annapurna is expected to deploy approximately $600 million …

Seadrill Limited announced the pricing of a $700 million offering of 6.750% Senior Notes due 2034. A spokesperson said, “Seadrill Limited announced today that Seadrill Finance Limited, an exempted company limited by shares incorporated under the laws of Bermuda and a wholly owned subsidiary of Seadrill has priced its offering pursuant to Rule 144A and …

June 16 saw 6,000 shares trade on the Bermuda Stock Exchange, valued at $153,607.00 BD. 5,000 shares were traded by Allshores Limited, closing up 9.0% at $23.99 per share, while the other 1,000 shares were traded by Watlington Waterworks Ltd, closing up 1.5% at $34.00 per share. The BSX finished at 3,690.51, up 0.55% on …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, June 13th. On Saturday the Norwegian Jewel and the Independence of the Seas cruise ships are expected, on Sunday the Oleander container ship will arrive, and on Monday the Norwegian Aqua and the Independence of the …

Willis Re, the international reinsurance broker, announced the appointments of Jonathan Ogilvie as Global Head of Non-Marine Specialties and Chris Dart as Head of Treaty Reinsurance, Bermuda, effective immediately. A spokesperson said, “In their roles, Ogilvie and Dart will be responsible for leading their respective teams, managing portfolio performance, and contributing to the expansion of …

June 11 saw 5,000 shares trade on the Bermuda Stock Exchange, valued at $40,750.00 BD. 5,000 shares were traded by LOM Financial Limited, closing up 1.9% at $8.15 per share, while another 900 shares were traded by Allshores Limited, closing down 8.3% at $22.00 per share. The BSX finished at 3,641.59, down 0.50% on the …