Business

Banyan Risk launched a new Digital Assets & Emerging Risks product in Bermuda, backed by underwriting capacity from QBE Lloyd’s Syndicate 1886 and other Lloyd’s support. A spokesperson said, “Banyan Risk Ltd [‘Banyan Risk’], the specialty Managing General Agent [MGA], has today launched a new Digital Assets & Emerging Risks product in Bermuda, with underwriting …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, August 1st. On Saturday the Independence of the Seas, the Norwegian Jewel and the Carnival Venezia cruise ships are expected, on Sunday the Oleander container ship will arrive, and on Monday the Norwegian Aqua and the …

The Inverurie Executive Suites, a 15-room waterfront boutique hotel in Paget, has been listed for sale with Sotheby’s International Realty for $5 million. The listing says, “A rare opportunity to acquire a premier waterfront boutique hotel of roughly 13,000 SF in Bermuda. The Inverurie Executive Suites is a stylish and modern hotel ideally centrally located …

Everest Group Ltd. reported its second quarter 2026 results. A spokesperson said, “Everest delivered a strong quarter driven by meaningful contributions from both underwriting income across our Core businesses and investments resulting in an annualized total shareholder return of 16.8%. The results this quarter show the strength of the franchise we have built and the benefits …

PartnerRe Ltd. reported first-half 2026 net income of $447 million, supported by strong underwriting performance and higher net investment income. A spokesperson said, “PartnerRe Ltd. today reported first half 2026 results Highlights Gross premiums written of $5.42 billion Non-life gross written premiums of $4.10 billion Life and Health gross written premiums of $1.32 billion Net …

RenaissanceRe Holdings Ltd. has declared a quarterly dividend of $0.41 per share and renewed its share repurchase program with a total authorization of up to $750 million. A spokesperson said, “The Board of Directors of RenaissanceRe Holdings Ltd. announced today a quarterly dividend of $0.41 per common share on its common shares. The dividend is …

Arch Capital Group Ltd. announced its 2026 second quarter results, saying “we delivered a strong quarter, driven by solid underwriting performance across our three segments, reflecting the continued strength of our diversified platform and disciplined execution across the enterprise.” A spokesperson said, “Arch Capital Group Ltd. announces its 2026 second quarter results. The results included: “Net income …

July 29 saw 2,800 shares trade on the Bermuda Stock Exchange, valued at $78,700.00 BD. 2,800 shares were traded by Allshores Limited, closing up 3.3% at $28.00 per share. The BSX finished at 3,754.81, up 0.24% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

BELCO is advising that a fraudulent email is being distributed to members of the public. BELCO’s Director of Communications & Corp. Strategy Krista Barnes said, “Bermuda Electric Light Company Limited [BELCO] has advised that a fraudulent email is being distributed and should be deleted. “The e-mail, supposedly sent from BELCO’s Customer Service Team, asks recipients …

July 28 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,745.99, even on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: July 27 2026 Bermuda Stock Exchange Report: July 24 …

July 27 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,745.99, 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 24 2026 Bermuda Stock Exchange Report: July 23 …

The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended June 30, 2026. A spokesperson said, “Net income for the second quarter of 2026 was $46.9 million, or $1.16 per diluted common share, compared to net income of $62.6 million, or $1.53 per diluted common share, for the previous …

In a filing with the Bermuda Stock Exchange, Bermuda Aviation Services Limited reported total comprehensive income of $1.29 million for the year ended March 31, 2026. The filing stated, “We are pleased to report that Bermuda Aviation Services Limited [‘the Company’] and its group of subsidiaries [‘the Group’] delivered a resilient financial performance for the …

AM Best has affirmed the financial strength and credit ratings of Bermuda-based Top Layer Reinsurance Ltd., maintaining stable outlooks. The ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “aa-” [Superior] of Top Layer Reinsurance Ltd. [Top Layer] [Bermuda]. The …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, July 25th. On Saturday the Carnival Sunshine, the Norwegian Jewel, and the Vision of the Seas cruise ships are expected, on Sunday the Oleander container ship will arrive, on Monday the Fugro Discovery container ship, the …

AM Best has affirmed the financial strength and credit ratings of RenaissanceRe and its subsidiaries, maintaining positive and stable outlooks across the group. The ratings agency said, “AM Best has affirmed the Long-Term Issuer Credit Rating [Long-Term ICR] of “a-” [Excellent] and the Long-Term Issue Credit Ratings [Long-Term IRs] of RenaissanceRe Holdings Ltd [RenaissanceRe] [NYSE: …

The Bermuda Stock Exchange will close for the Cup Match public holidays on July 30 and 31, reopening on Monday, August 3. A spokesperson said, “The Bermuda Stock Exchange [BSX] advises that the BSX will be closed on Thursday, 30th July and Friday, 31st July 2026, for the Emancipation Day and Mary Prince Day [collectively …

Consumers paid 2.1% more in February 2026 than they did a year earlier for the basket of goods and services included in the Consumer Price Index [CPI]. A Government spokesperson said, “The Ministry of Economy and Labour released the February 2026 Consumer Price Index from the Department of Statistics today. “In summary, consumers paid 2.1 …

Bermuda Electric Light Company Limited [BELCO] has awarded $202,500 in scholarships and education grants to 20 Bermudian students. A spokesperson said, “Bermuda Electric Light Company Limited [BELCO] is proud to celebrate the next generation of Bermudian talent, announcing $202,500 in scholarship and education awards to 20 outstanding students this year. Front row: Wayne Caines, Gabriel …