Business

Everest Group, Ltd. has entered into a definitive agreement to sell Compañía de Seguros Generales Everest México S.A. de C.V. to Fairfax Financial Holdings Limited. “This agreement reflects the disciplined execution of our strategic priorities and continues the transformation of Everest into a more focused, higher-performing organization,” said Jim Williamson, President and Chief Executive Officer …

August 5 saw 455,494 shares trade on the Bermuda Stock Exchange, valued at $13,209,300.00 BD. 455,494 shares were traded by Allshores Limited, closing up 3.6% at $29.00 per share. The BSX finished at 3,948.83, up 0.25% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

Talcott Financial Group has launched West Grove Re, a Bermuda-domiciled reinsurance sidecar, in partnership with Goldman Sachs. A spokesperson said, “Talcott Financial Group [“Talcott”], an international life insurance group providing comprehensive risk solutions for customers across the retirement and insurance industry, today announced the establishment of West Grove Re, Ltd. [“West Grove Re” or “the sidecar”], …

August 4 saw 5,200 shares trade on the Bermuda Stock Exchange, valued at $309,750.00 BD. 5,200 shares were traded by Bank of N.T. Butterfield Ltd, closing up 5.5% at $61.25 per share. The BSX finished at 3,939.03, up 4.91% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report …

Agam Capital and Sompo Life Re have entered into a multi-year service agreement supporting Sompo Life Re’s new Bermuda-based life reinsurance platform. A spokesperson said, “Agam Capital [Agam], a global leader in technology-enabled insurance-asset and liability management and Sompo Life Re, Ltd [Life Re] have entered into a multi-year service agreement to support the operations …

Pelagos Insurance Capital Limited announced has declared a dividend of $0.15 per share, payable on September 25, to shareholders of record on September 15. A spokesperson said, “Pelagos Insurance Capital Limited [formerly known as Fidelis Insurance Holdings Limited], an expert capital allocator and risk selector in specialty insurance and reinsurance, announced today that its Board …

In a filing with the Bermuda Stock Exchange, LOM Holdings reported that their overall revenues were up 6.4%, however their costs were up 13.1%. LOM CEO Scott Lines said, “The first half of the year witnessed a blistering rally in the semiconductor stocks and all things AI related, as the global AI buildout dominated market sentiment. …

Bank of N.T. Butterfield & Son Limited did not repurchase any of its common shares during July 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 did not repurchase any common …

August 3 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,754.81, 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: July 29 2026 Bermuda Stock Exchange Report: July 28 …

Carey Olsen Bermuda is inviting law students, recent graduates, and anyone interested in pursuing a career in law to attend a student reception and open house on Tuesday 18 August 2026. A spokesperson said, “Attendees will have the opportunity to meet the Carey Olsen team, learn more about the firm’s culture and career opportunities, and …

Digicel Holdings Limited announced that Fitch Ratings has upgraded Digicel International Finance Limited’s Long-Term Issuer Default Rating to ‘B+’ from ‘B’, with a stable outlook. A spokesperson said, “Digicel Holdings Limited today announced that Fitch Ratings has upgraded Digicel International Finance Limited’s Long-Term Issuer Default Rating to ‘B+’ from ‘B’, with a stable outlook. “Fitch …

SiriusPoint reported $69 million in second-quarter net income and $168 million for the first half of 2026, with continued growth in core gross written premiums. A spokesperson said, “SiriusPoint Ltd. [SiriusPoint or the Company] [NYSE:SPNT], a specialty underwriter, today announced results for its second quarter ended June 30, 2026. Second Quarter 2026 Highlights Net income …

AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICRs] of “a+” [Excellent] of QBE Europe SA/NV [Belgium], QBE UK Limited [United Kingdom], QBE Capital [Global] Ltd. [Bermuda], QBE Capital Ltd. [Bermuda] and the pooled members of QBE North America Insurance Group. These companies are key …

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of Nissan Global Reinsurance, Ltd. [NGRe] [Hamilton, Bermuda]. The ratings agency said, “The Credit Ratings [ratings] reflect NGRe’s balance sheet strength, which AM Best assesses as very strong, …

[Opinion column written by Michael Fahy] Every government says the same thing about work permits, namely ”Bermudians first.” That is the right principle, but principles without competence are just slogans. Right now Bermuda’s work permit policy is failing on three counts. It is too slow, too opaque, and it is not delivering the jobs for Bermudians it promises. The result? Businesses can’t hire, essential services are stretched, …