Business

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 …

Aircare Ltd. is celebrating 40 years in business and will offer special customer deals throughout 2026 and into 2027. A spokesperson said, “Aircare Ltd. is celebrating 40 years in business and has announced that the Company will be offering special deals for customers during 2026 into 2027. Staff will also be dedicating 40 hours of …

Banyan Risk has launched a new Healthcare Professional Liability product and Kim Morgan has joined Banyan Risk as Lead Underwriter, Healthcare, based in Bermuda. A spokesperson said, “Banyan Risk Ltd [“Banyan Risk”], the specialty Managing General Agent [MGA], has launched a new Healthcare Professional Liability product under Banyan Risk Ltd in Bermuda, with strategic capacity …

Watlington Waterworks Limited has declared a July 2026 dividend of BD$0.50 per share to shareholders of record as at July 10, payable on July 29. The filing with the BSX stated, “The company announces that at a recent meeting of the Board of Directors of the Company, a special dividend in the amount of BD$0.50 per share was …

Willis Re, an international reinsurance broker, announced the appointment of John Fletcher as Chief Executive Officer, Willis Re Bermuda, effective immediately. A spokesperson said, “In this role, Fletcher will be responsible for leading Willis Re’s Bermuda platform, driving business growth and the continued development of an industry-leading team. He will oversee the execution and implementation …

June 10 saw 2,194 shares trade on the Bermuda Stock Exchange, valued at $124,048.00 BD. 2,194 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $57.00 per share. The BSX finished at 3,660.01, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the …

Convex Group has secured USD175 million of retrocessional reinsurance protection from the capital markets through its Hypatia Ltd. [Series 2026‑1] catastrophe bond issuance. An Appleby spokesperson said, “This is the fourth catastrophe bond sponsored by Convex through Hypatia Ltd., with the Series 2026‑1 issuance providing coverage for its reinsurer underwriting entity, Convex Re, and its subsidiaries …

The Fidelis Partnership has announced that Alex Rossiter has been appointed Head of Portfolio Analytics & Risk Allocation, while Greg Bowman has been appointed as Group Head of Ceded Reinsurance Analytics. A spokesperson said, “The Fidelis Partnership [“TFP”] today announces two senior appointments that strengthen its technical underwriting, portfolio analytics and group‑level ceded reinsurance capabilities. Alex …

Distinguished Programs has expanded into the reinsurance market with the launch of DistinguishedRe Property, a new property reinsurance platform led by industry veteran Frank DiPaola and backed by Bermuda-based Antares Reinsurance Company Limited. A spokesperson said, “Distinguished Programs [“Distinguished”], a leading national MGA and insurance program manager, today announced its expansion into the reinsurance market with …

“Our proposed Bermuda domicile enabled us to structure the security in a way that is attractive to investors,” the CEO of Marex Group said. A statement from the company said, “Marex Group plc a diversified global financial services platform, on Tuesday announced that it has completed its offering of US$500 million perpetual subordinated resettable fixed …

June 9 saw 9,000 shares trade on the Bermuda Stock Exchange, valued at $513,000.00 BD. 9,000 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.7% at $57.00 per share. The BSX finished at 3,660.01, up 2.42% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report …

International General Insurance Holdings Ltd. [IGI] has secured registration approval to operate an IFSCA Insurance Office in India’s Gujarat International Finance Tec-City [GIFT City]. A spokesperson said, “International General Insurance Holdings Ltd. [IGI or the Company] today announced that it has secured registration approval from the International Financial Services Centres Authority [IFSCA] to operate an …

Miller, the leading independent specialist [re]insurance broker, announced the appointment of Peter Stubbings as Chairman of Miller Bermuda. A spokesperson said, “With over four decades of reinsurance industry experience, Peter brings deep expertise across multiple lines of business and a wealth of client relationships across London, Bermuda, the Caribbean and the Nordics. He joins Miller …

June 8 saw 1,000 shares trade on the Bermuda Stock Exchange, valued at $33,500.00 BD. 1,000 shares were traded by Watlington Waterworks Ltd, closing up 4.7% at $33.50 per share. The BSX finished at 3,573.65, up 0.05% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the …

26North Reinsurance Holding Company announced an agreement to acquire Independent Insurance Group, parent company of Independent Life Insurance Company, a specialist provider of structured settlement annuities. A spokesperson said, “26North Reinsurance Holding Company [26North Re] announced that it has entered into a definitive agreement to acquire 100% of Independent Insurance Group, LLC [Independent Group], which …