Business
PwC Survey On Bermuda, Business, AI, More
“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’ …
Over 500 Attend Athene Life Career Expo
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 Invites VIP Lounge Operators
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 …
Butterfield shares climb 0.9% in New York
The Royal Gazette/BSX Index remained unchanged on 3,690.51 after no trading activity on the Bermuda Stock Exchange today.
The US-listed shares of Butterfield Bank gained 52 cents, or 0.9 per cent, to …
The US-listed shares of Butterfield Bank gained 52 cents, or 0.9 per cent, to …
MS Amlin warns against hurricane complacency
MS Amlin has warned that the United States is still exposed to a major hurricane threat this year despite forecasts for a quieter Atlantic season, estimating a 27 per cent chance that a Category 4 or …
Hundreds attend life reinsurance career expo
More than 500 students, recent graduates and seasoned professionals attended the 2026 Athene Life Career Expo.
Attendees connected with industry professionals and executives, received one-on-one resum…
Attendees connected with industry professionals and executives, received one-on-one resum…
Nearly four out of ten Bermuda directors say a board member should be replaced
More than a third of Bermuda directors believe at least one fellow board member should be replaced, according to PwC’s 2026 Corporate Governance Survey.
The survey also found boards are grappling with…
The survey also found boards are grappling with…
Vantage shareholders approve $250m merger
Shareholders of Vantage Drilling International have approved the Bermudian-based offshore drilling contractor ’s proposed $257.6 million merger with Eldorado Drilling AS, clearing a major hurdle for a…
Polaris Holding Declares $0.05 Dividend
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 Affirms Rating Of Vantage Risk
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 Affirms Ratings For Mozart Insurance
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 Appoints Pradip Patiath To Board
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 …
King briefed by Bermuda insurance executives
During the King’s visit in April, Government House and a British junior minister hosted a round table focusing on the state of insurance, Dave Morgan, the Deputy Governor has told an industry gatherin…
Gym that started out in a garage celebrates 15 years
Rupert Henagulph started his personal training business, Alchemy Fitness, out of his parents’ garage.
His father put up some wood panelling in the 500 sq ft space to make things look a little less scr…
His father put up some wood panelling in the 500 sq ft space to make things look a little less scr…
Bermudian investment firm accuses Braemar of ‘brazen self-dealing’
A Bermudian-based investment firm has accused Braemar Hotels and Resorts — a company in which it is a major shareholder — of “a brazen act of self-dealing”.
Al Shams Investments, which is owned by Syr…
Al Shams Investments, which is owned by Syr…
John Wight Steps Down As BCL Chairman
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 …
Public Service Career Fair Set For Tomorrow
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, …
AM Best affirms Convex ratings
AM Best has affirmed the credit ratings of Convex Group and its principal subsidiaries, citing the company’s strong capital position, improving underwriting performance and growing international footp…
Butterfield shares slip 1.78% in New York
The RG/BSX Index remained unchanged at 3,690.51, in the absence of trading on the Bermuda Stock Exchange.
Meanwhile Butterfield Bank fell $1.05 (1.78 per cent) on the New York Stock Exchange to close …
Meanwhile Butterfield Bank fell $1.05 (1.78 per cent) on the New York Stock Exchange to close …
Richardson, Goncalves to speak at digital asset compliance camp
Bermuda’s first digital asset compliance boot camp will bring together regulators, lawyers and industry practitioners this week as the island continues to expand its digital asset sector.
ComplianceX,…
ComplianceX,…
Everest and Stone Point launch $600m casualty sidecar
Everest Group has partnered with Stone Point Insurance Solutions to launch a Bermudian-based casualty reinsurance sidecar that is expected to provide about $600 million in third-party capital to suppo…
Arch promotes reinsurance, mortage CEOS
Arch Capital Group has promoted Jerome Halgan to chief executive of its global reinsurance operations as part of a senior leadership reshuffle at the Bermudian-headquartered re/insurer.
The company an…
The company an…
Everest & Stone Point Launch Annapurna Re
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 …
John Wight retires as BCL chairman
Bermuda Container Line announced today the retirement of John Wight as chairman of the company’s board of directors after 15 years in the role.
George Hutchings, BCL’s deputy chairman, has been elect…
George Hutchings, BCL’s deputy chairman, has been elect…
John Wight retires as BCL chairman
Bermuda Container Line announced today the retirement of John Wight as chairman of the company’s board of directors after 15 years in the role.
George Hutchings, BCL’s deputy chairman, has been elect…
George Hutchings, BCL’s deputy chairman, has been elect…
Seadrill Prices $700M Senior Notes Offering
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 …
Bermuda Stock Exchange Report: June 16 2026
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 …
Watch: Sweeter future for Ashley’s Lemonade
Soft-drink entrepreneur Ashley Stephens continues to grow her brand with a seasonal business now set to expand into a year-round operation scheduled for the Wesley Square location and a more permanent…
Gallagher Re expects quieter Atlantic hurricane season
Global insurance industry losses were 40 to 45 per cent below normal for the first half of this year, according to Gallagher Re’s chief science officer.
Steve Bowen said that amounted to losses of bet…
Steve Bowen said that amounted to losses of bet…
Inflation rate falls to 2.2% in January
Consumers paid 2.2 per cent more for a basket of goods and services in January than they did the year before – the inflation rate falling from 2.4 per cent in December.
According to the latest Consume…
According to the latest Consume…
Allshores surges 9% on BSX
Shares of Allshores surged 9 per cent in Bermuda Stock Exchange trading today. The insurer climbed $1.99 to close on on $23.99 as 5,000 shares changed hands.
Watlington Waterworks also gained ground,…
Watlington Waterworks also gained ground,…
Retailers see sales volume edge higher in January
Retail sales volume edged 1.1 per cent higher in January, year over year, the Department of Statistics said today.
Six of the seven sectors in the Retail Sales Index recorded year-over-year increases …
Six of the seven sectors in the Retail Sales Index recorded year-over-year increases …
Pradip Patiah joins Axis Capital board
Bermudian insurer and reinsurer Axis Capital has appointed Pradip Patiath to the company’s board of directors. Mr Patiath will serve on the Risk and Human Capital and Compensation Committees, Axis sai…
Verdant Rock assigned BBB+ rating from Fitch
Verdant Rock, a Bermuda-based financial guarantor specialising in emerging markets, has been assigned a BBB+ rating with a stable outlook by Fitch Ratings.
Founded in 2025 and holding a Class 3B licen…
Founded in 2025 and holding a Class 3B licen…
S&P downgrades Vantage and withdraws ratings
S&P Global Ratings has downgraded the credit ratings of Vantage Group Holdings after its acquisition by Howard Hughes Holdings.
The ratings agency described the acquirer as being a “highly leverag…
The ratings agency described the acquirer as being a “highly leverag…
Ariel Re appoints Tim Shreeve to growth-promoting role
Ariel Re has appointed Tim Shreeve as chief commercial officer.
In this role, Mr Shreeve will focus on identifying and advancing opportunities for growth across the business, the Bermudian-based reins…
In this role, Mr Shreeve will focus on identifying and advancing opportunities for growth across the business, the Bermudian-based reins…
Ratings agency disputes findings of private-credit risk study
A leading credit ratings agency has pushed back against a recent academic study that questioned the reliability of private-credit ratings used by life insurers, arguing that the research overstates bo…
Marriott recognises golf superintendent
Salomon Valles, golf course superintendent at The St Regis Bermuda Resort’s Five Forts Golf Course, has won the Marriott Golf Superintendent of the Year Award, recognising, the hotel said, “outstandin…
AI data-centre boom creates need for insurance innovation
The rapid expansion of data centres powering the artificial-intelligence boom is creating significant opportunities for property-and-casualty insurers to develop new insurance products as demand grows…
Butterfield shares fall 0.65% on NYSE
The RG/BSX Index was closed today for the National Heroes day holiday.
Over last week, 12,344 Butterfield shares traded, as the stock appreciated by $2 or 3.6 per cent, as the Index rose 98.62, or 2.6…
Over last week, 12,344 Butterfield shares traded, as the stock appreciated by $2 or 3.6 per cent, as the Index rose 98.62, or 2.6…
Seadrill seeks to raise $600m in debt offering
Bermudian-based offshore drilling contractor Seadrill is seeking to raise $600 million through a new bond offering as part of a plan to refinance existing debt and strengthen its capital structure.
Th…
Th…
Watch: Comerica Bank collateral backs Bermuda captives
A 175-year-old American Bank out of Detroit, Michigan, has been involved in Bermuda’s captive insurance industry since the last century.
The regional Comerica Bank with 413 branches in five states, is…
The regional Comerica Bank with 413 branches in five states, is…
Bermuda a turning point for crypto firm
After receiving dual pre-operational approval from the Bermuda Monetary Authority, the head of a new crypto firm is calling the island “a world-class risk management ecosystem”.
Andrej Majcen, cofound…
Andrej Majcen, cofound…
STS Digital wins US trading technology award
A Bermudian-regulated digital asset trading firm has been recognised in the United States as demand grows for institutional-grade infrastructure in cryptocurrency markets.
STS Digital Ltd said it was …
STS Digital Ltd said it was …
Shipping Schedule: Week Starting June 13
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 …
Behold the passion investor
Recently a friend of mine back in Australia bought some original artwork. Now, there are a few layers to this story. Firstly, I thought she was more a paint-by-numbers type of person, secondly I don’…
Meet your financial priorities before buying that land
Dear Dave,
My wife and I make about $180,000 a year combined. We’re also debt-free, and we have no kids. We’d like to start planning to buy a nice piece of land sometime in the near future. Do you hav…
My wife and I make about $180,000 a year combined. We’re also debt-free, and we have no kids. We’d like to start planning to buy a nice piece of land sometime in the near future. Do you hav…
Butterfield gains ground on BSX and NYSE
The RG/BSX Index closed 28.78 (0.79 per cent) higher at 3,670.38 on Friday, after 1,150 Bank of Butterfield shares ($62,975) changed hands, with the share price rising 50 cents (0.9 per cent) to $57.5…
Meyer and BEST Group announce merger
A major amalgamation has been announced between The Meyer Group of Companies and the BEST Group of Companies, a Bermuda-based logistics, shipping, and supply chain conglomerate.
Meyer is Bermuda’s mos…
Meyer is Bermuda’s mos…