Business

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, June 6th. On Saturday the Independence of the Seas and the Norwegian Jewel cruise ships and the Belle-Poule ship are expected, on Sunday the Oleander container ship will arrive, and on Monday the Norwegian Aqua and …

Resolution Life, a global life insurance group focusing on reinsurance and the acquisition and management of portfolios of life insurance policies, today announced the closing of three separate transactions in Asia. A spokesperson said, “Covering policies in Hong Kong and Japan, these transactions reinforce Resolution Life’s commitment to the growth of the primary life insurance …

Walkers is marking 10 years in Bermuda, celebrating a decade of growth, legal excellence, and investment in developing local talent since opening its office in 2016. A spokesperson said, “Walkers, the international legal and professional services firm, celebrates 10 years of delivering exceptional legal services in Bermuda. Since opening the firm’s doors in 2016, Walkers’ …

“Vantage Group Holdings Ltd. announced that it has been “successfully acquired” by Howard Hughes Holdings Inc. [HHH]. A spokesperson said, “The all-cash transaction, valued at approximately $2.1 billion, closed following receipt of all required regulatory approvals. With the closing complete, Vantage anchors Howard Hughes’ transformation into a diversified holding company. “Founded in 2020, Vantage has …

Cedar Trace announced the appointment of Chris Wilson as Managing Director of Cedar Trace Capital Management, further strengthening the firm’s leadership team as it continues to expand its insurance-linked securities [ILS] and investment management platform. A spokesperson said, “Based in Bermuda, Wilson will support key ILS operational functions while supporting underwriting, investor relations, fund-raising, and …

The Fidelis Partnership [TFP] announced the launch of the TFP PVT Consortium, which “brings together leading Lloyd’s syndicates to deploy meaningful new capacity into the War, Terror and Political Violence [WTPV] market at a time of heightened global demand and significant market dislocation resulting from the Middle East conflict.” A spokesperson said, “The Consortium, placed …

AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of North End Re Ltd. [Bermuda]. The outlook of these Credit Ratings is stable. The ratings agency said, “The ratings reflect North End Re Ltd.’s balance sheet strength, which AM Best assesses as strong, as well …

The Bermuda Monetary Authority has launched a discussion paper seeking stakeholder feedback on potential new banking models, with a closing date of August 1st, 2026. The paper states, “This Discussion Paper represents the initial step towards a comprehensive proposal to enhance Bermuda’s banking industry and seeks to engage stakeholders by highlighting potential new banking models that …

Seadrill Limited shareholders approved all resolutions presented at the company’s 2026 Annual General Meeting in Bermuda, including the re-election of nine directors, the appointment of auditors, executive compensation measures, and an amendment to the company’s management incentive plan. A spokesperson said, “Seadrill Limited today announced the 2026 Annual General Meeting of the Shareholders of the …

June 3 saw 2,021 shares trade on the Bermuda Stock Exchange, valued at $48,504.00 BD. 2,021 shares were traded by Allshores Limited, closing even at $24.00 per share. The BSX finished at 3,598.44, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available …

An AI Sales Lab: Cup Match Edition workshop will be held this Friday [June 5] at the Bermuda Chamber of Commerce and is “designed to give entrepreneurs, creatives, and retail businesses the modern tech tools they need to convert holiday buzz into year-round revenue.” A spokesperson said, “Cup Match is about more than cricket, camp …

Paradise Mobile has wrapped up its Heritage Month Art Showcase at its 24 Reid Street store, featuring 22 local artists under the “For de Culture” theme. A spokesperson said “Paradise Mobile has successfully wrapped up its Heritage Month Art Showcase at its 24 Reid Street flagship store. The exhibition featured 22 local artists celebrating the …

PwC Bermuda announced a multi-year commitment to the Living Reefs Foundation, a local marine conservation organization dedicated to protecting and restoring Bermuda’s critical coral reef ecosystems. A spokesperson said, “The support consists of assurance service hours annually for five years and $60,000 in financial support for the Foundation’s Coral Garden initiative, including the development of …

Convex Group Limited announced the launch of Kinetic Insurance Services, a wholly owned, technology-enabled Managing General Agency [MGA] which will start trading in Q4 2026. A spokesperson said, “The MGA has received FCA regulatory approval and will be led by Theo Butt, former CEO of Convex Insurance UK LTD. Anne Middleton has taken over as …

Effective June 1st 2026, Mereo Insurance Ltd has commenced underwriting the first Excess Casualty Energy policies under a renewal rights transaction undertaken between Everen and Cedar Trace, the insurance, reinsurance, and asset management group that is strategically aligned with Mereo. A spokesperson said, “Under the transaction, ESL’s underwriting team and underwriting systems supporting the portfolio …

Arch Capital Group Ltd. announced the pricing of a $2 billion senior notes offering, with proceeds earmarked for debt retirement, tender offers, and general corporate purposes ahead of its expected June 9 closing. The company said, “Arch Capital Group Ltd. [NASDAQ: ACGL] [“Arch” or the “Company”] announced today the pricing of its offering of $600,000,000 …

June 2 saw 5,756 shares trade on the Bermuda Stock Exchange, valued at $322,336.00 BD. 5,756 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.8% at $56.00 per share. The BSX finished at 3,598.44, up 1.63% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report …

Pinnacle Actuarial Resources, Inc. announced that it has acquired Bermuda-based Ordinance Holdings Limited and the renewal rights for clients of Canadian firm Grape Bay Actuarial Consulting Inc, effective June 30, 2026. A spokesperson said, “Ordinance, located in Hamilton, Bermuda, provides actuarial consulting services to insurance, reinsurance, captive insurance and segregated accounts companies. Grape Bay is …

Trebuchet Group Holdings Limited announced the appointment of Heather Bisbee as Group Finance Director. A spokesperson said, “Trebuchet Group Holdings Limited is pleased to announce the appointment of Heather Bisbee as Group Finance Director, effective 13th April 2026. “Heather is an experienced senior financial manager with high-level experience in the re/insurance industry in both regulatory …