Business

Bermuda Is Love announced the launch of its 2026 Summer Internship Programme, a paid two-week internship designed to provide young people with hands-on experience in social justice, human rights, and community advocacy. A spokesperson said, “The programme will take place from July 13–24, 2026, at the Bermuda Is Love Law Office located at 38 Union …

Navium Marine, the marine-focused specialty MGA operating through The Fidelis Partnership’s Pine Walk platform, has partnered with Overhaul, a provider of global cargo risk management, to launch a “first-of-its-kind insurance solution built on real-time visibility of AI infrastructure cargo.” A spokesperson said, “The Helix Consortium connects Overhaul’s cargo risk management technology with the world’s leading …

Beazley announced that Stefan Wunderlich has been appointed Head of Alternative Risk Transfer [ART] alongside his existing role as Head of Parametric. A spokesperson said, “Beazley, the leading specialty insurer, today announces that Stefan Wunderlich has been appointed Head of Alternative Risk Transfer [ART] alongside his existing role of Head of Parametric and will be …

The Bank of Butterfield repurchased 134,043 common shares for cancellation in May 2026 at an average price of $55.79. 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 repurchased for cancellation 134,043 common shares at …

AM Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Ratings of “aa-” [Superior] of the operating affiliates of Allied World Assurance Company Holdings, Ltd.’s [Allied World Holdings] [Bermuda], collectively referred to as Allied World. Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” [Excellent] of Allied World …

The Bermuda Airport Authority’s 2023-2024 Annual Report, which highlighted increased air connections, the launch of BermudAir and continued recovery in passenger arrivals, was presented in the House of Assembly on Friday [May 29]. Lawrence Scott, Chairman Bermuda Airport Authority, said, “The Bermuda Airport Authority’s vision and mission is to connect Bermuda to the world by …

Carnival Corporation has begun notifying individuals whose personal data was affected by the cybersecurity incident, with the cruise ship giant noting that “an unauthorized actor used social engineering to deceive an employee to gain access to a limited portion of the company’s IT system.” A spokesperson said “Carnival Corporation today announced that notification letters have …

A New York Times report on taxes has stated that some companies avoided taxes “by attributing hundreds of billions of dollars in earnings to low- or no-tax jurisdictions such as Cyprus, Bermuda, Switzerland, and the Cayman Islands.” The New York Times report said, “A year ago, the Trump administration withdrew from a global effort to …

ShaMaran Petroleum Ltd said they have “completed their previously announced corporate continuance from Canada to Bermuda.” A spokesperson said, “The Company’s shares have been delisted from the TSX Venture Exchange in Toronto [TSXV] and are expected to begin trading under ticker symbol ‘SNM’ on the Euronext Growth Oslo market [EGO] operated by the Oslo Stock …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, May 30th. On Saturday the Norwegian Jewel and the Vision of the Seas cruise ships are expected, on Monday the Oleander container ship, the Norwegian Aqua and the Independence of the Seas cruise ships will arrive, …

Bermuda Skyport Corporation Limited is inviting local food vendors to sign up by July 31 for the Safety & Wellness Expo on October 6. A spokesperson said, “Calling all local food vendors — join us on October 6 at the Safety & Wellness Expo. “Senior school students, airport stakeholders, and the public will be onsite …

The Government intends to purchase the Compass Point Building on Bermudiana Road, Minister of Public Works and Environment Jache Adams said, adding that the building “provides over 81,000 square feet of structurally sound office space” and the negotiated purchase price is $14.5 million. Speaking in the House of Assembly today [May 29] the Minister said, “I …

Convex Group Limited has received in principle approval to launch Lloyd’s Syndicate 1987, which is planned to commence underwriting on 1st July 2026, subject to appropriate regulatory approvals. A spokesperson said, “With capacity to support the approved business plan provided by Convex, Syndicate 1987 will focus exclusively on long-tail specialty lines, deploying capacity across a …

May 28 saw 4,212 shares trade on the Bermuda Stock Exchange, valued at $100,908.00 BD. 4,212 shares were traded by Allshores Limited, closing up 0.8% at $24.00 per share. The BSX finished at 3,540.87, up 0.06% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

Carey Olsen Bermuda acted as joint lead counsel on the Bank of Butterfield’s US$1.8 billion acquisition of CIBC’s 91.7% stake in Caribbean Bank Limited. A spokesperson said, “Carey Olsen in Bermuda has acted as joint lead counsel to The Bank of N.T Butterfield & Son Limited [Butterfield] on its landmark US$1.8 billion acquisition of CIBC’s …

Vantage Drilling International reported a net income attributable to shareholders of approximately $0.4 million for the three months ended March 31, 2026, A spokesperson said, “Vantage Drilling International Ltd. reported a net income attributable to shareholders of approximately $0.4 million or $0.03 per diluted share for the three months ended March 31, 2026, based on …

May 27 saw 4,500 shares trade on the Bermuda Stock Exchange, valued at $107,100.00 BD. 4,500 shares were traded by Allshores Limited, closing up 11.7% at $23.80 per share. The BSX finished at 3,538.91, up 0.70% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …