Business

AM Best has upgraded the Financial Strength Rating to A [Excellent] from A- [Excellent] and the Long-Term Issuer Credit Ratings to “a” [Excellent] from “a-” [Excellent] of the rated operating subsidiaries of SiriusPoint Ltd. The ratings agency said, “AM Best has upgraded the Financial Strength Rating to A [Excellent] from A- [Excellent] and the Long-Term …

April 17 saw 3,400 shares trade on the Bermuda Stock Exchange, valued at $154,350.00 BD. 1,900 shares were traded by Bank of N.T. Butterfield Ltd, closing at an even $56.00 per share, while the other 1,500 shares were traded by Watlington Waterworks Ltd, closing up 0.3% at $32.00 per share. The BSX finished at 3,598.34, …

Marsh has announced several promotions and new hires in its Bermuda operations, reinforcing its focus on talent development. A spokesperson said, “Marsh, a global leader in risk, reinsurance and capital, people and investments, and management consulting, today announced several personnel changes within its Bermuda operations, reinforcing Marsh Risk’s continued focus on nurturing and honoring exceptional …

Allied World Assurance Company Holdings, Ltd has announced a $4.3 million, five-year commitment to the St. Baldrick’s Foundation to accelerate lifesaving childhood cancer research. A spokesperson said, “This transformative investment will fund critical studies designed to improve the quality of life for children undergoing cancer treatment while supporting the next generation of pediatric cancer researchers. …

Conyers announced the appointment of David Stubbs as Head of Listing Services within its Bermuda Corporate Practice. A spokesperson said, “David is Counsel in Conyers’ Bermuda Corporate practice and brings extensive experience advising issuers of securities on the BSX. His practice focusses on securities listings across multiple asset classes, including international debt, equity, investment funds and …

April 16 saw 5,000 shares trade on the Bermuda Stock Exchange, valued at $59,400.00 BD. 2,000 shares were traded by Devonshire Industries Ld, closing up 30.0% at $6.50 per share, while another 2,000 shares were traded by Polaris Holding Co. Ltd, closing even at $7.25 per share. 1,000 shares were traded by Watlington Waterworks Ltd, …

BELCO said they “welcomed the Government of Bermuda’s update of Bermuda’s National Electricity Sector Policy [NESP] and supports the Government’s effort to provide clear, modern guidance for the sector.” BELCO President Wayne Caines said: “The NESP emphasis on affordability, reliability, and sustainability reflects the practical realities of operating an isolated island power plant and grid and …

Enstar Group Limited and Artex Capital Solutions announced a strategic arrangement to offer streamlined exit solutions for investors in the Artex Insurance-Linked Securities [ILS] transformation vehicles. A spokesperson said, “The arrangement will provide investors access to a diversified suite of prospective and retrospective exit products [“Exit Options”] through Cavello Bay Reinsurance Limited, Enstar’s wholly owned …

Hamilton Insurance Group has established a casualty reinsurance sidecar to provide dedicated underwriting capacity in support of the Company’s casualty reinsurance portfolio. A spokesperson said, “This sidecar will provide reinsurance capital over a multi-year period, with ceded premium over the duration of the structure projected to be approximately $300 million. The investor capital and overall asset …

April 15 saw 600 shares trade on the Bermuda Stock Exchange, valued at $14,394.00 BD. 600 shares were traded by Allshores Limited, closing even at $23.99 per share. The BSX finished at 3,594.70, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available …

A Spring & Mother’s Day Market will be held on Saturday [April 18] at St. Paul’s Anglican Church Hall in Paget, featuring local vendors and small businesses. A spokesperson said, “Join us on Saturday, April 18th from 10:00 a.m. to 3:00 p.m. at St. Paul’s Anglican Church Hall for a lively Spring & Mother’s Day …

Appleby welcomed Daniel Burkitt as Partner in its Dispute Resolution practice in Bermuda. A spokesperson said, “Daniel is an experienced advocate, with particular expertise in complex and high value insolvency and restructuring, commercial and company matters including shareholder disputes, cryptocurrency, asset preservation, insurance and reinsurance, trust disputes and ADR / arbitrations. He has extensive knowledge …

The Government is seeking proposals from firms to “improve relationships with the Government of Bermuda and official of the United States Congress, and other relevant organizations in the United States of America. ” The document said, “The Government of Bermuda is an UK overseas territory that services a population of approximately of 61,000 and is …

Collas Crill has appointed David Thom as Counsel in its Bermuda office, enhancing the firm’s strength in complex commercial and insurance disputes. A spokesperson said, “David joins with extensive experience in litigation and arbitration, advising clients on a wide range of corporate, insurance and professional liability matters. He is particularly experienced in handling complex, high-value …

The Bermuda Economic Development Corporation [BEDC] celebrated the graduation of the seventh cohort of the Enterprise Bermuda Incubator [EBI] on Thursday, April 9, 2026. A spokesperson said, “The Bermuda Economic Development Corporation [BEDC] celebrated the graduation of the seventh cohort of the Enterprise Bermuda Incubator [EBI] on Thursday, April 9, 2026, at the Four Ways …

Agam Capital is advising one of the largest mutual life insurers in the United States, in the formation and launch of an incorporated segregated account company [ISA] as a Bermuda-domiciled Class E life and annuity reinsurer. A spokesperson said, “This strategic engagement leveraged Agam’s unique pALM analytical platform and differentiated capabilities to support the insurer …