Business

Rize Technologies has announced the soft launch of Compass AI, a “free artificial intelligence guide built specifically for Bermuda.” A spokesperson said, “Available now at compass.rize.bm and via WhatsApp at +1 441 901 9010, Compass provides instant, locally verified answers about the island — from bus and ferry schedules to restaurant hours, beach information, events, …

The Stellar Development Foundation announced that “Bermuda will begin moving key payment and financial-services activity onchain onto the Stellar network.” A spokesperson said, “The announcement is the first operational milestone since Bermuda announced at the World Economic Forum in January 2026 that the Island plans to become the world’s first fully onchain national economy. “The …

The Bitcoin Suisse Group today announced that its affiliate Bitcoin Suisse [International] Ltd. has obtained a Class F digital asset business license under Bermuda’s Digital Asset Business Act and Class B registration under the Investment Business Act 2003 from the Bermuda Monetary Authority [BMA]. A spokesperson said, “The approval has been granted on a pre …

[Written by Patrice Horner] The first day of the Digital Finance Forum [DFF] in Bermuda revealed a host of successes, including Bitcoin Suisse receiving its Asset Management License from the BMA. Franklin Templeton partnered with Kraken crypto currency exchange to use the BENJI token for select investment funds. CIRCLE announced it is launching its multicurrency …

Walkers’ Bermuda team advised Verdant Rock Limited on the successful completion of its registration as a Class 3B insurer by the Bermuda Monetary Authority (BMA) under the Insurance Act 1978, as amended. A spokesperson said, “Verdant Rock is a Bermuda-based financial guarantee platform focused on emerging markets. The Class 3B licence positions the Company to …

May 13 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,548.61, 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: May 12 2026 Bermuda Stock Exchange Report: May 11 …

Pelagos Insurance Capital reported its first quarter 2026 financial results after market close today, highlighting growth in gross premiums written, improved underwriting performance, strong shareholder returns. A spokesperson said, “After market close today Pelagos Insurance Capital [NYSE: PLGO], formally Fidelis Insurance Group [NYSE: FIHL], reported their 2026 First Quarter Results. “First Quarter 2026 Highlights include: …

May 12 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,548.61, 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: May 11 2026 Bermuda Stock Exchange Report: May 8 …

Bermuda’s tourism is set to reach new heights with the upcoming launch of Skydive Bermuda, which recently completed its first test jumps over Dockyard ahead of a planned 2027 debut. A spokesperson said, “The sky is the limit for Bermuda’s tourism, if a new skydiving endeavour has their way. Bermuda’s first ever skydiving venture, Skydive Bermuda, …

KPMG in Bermuda recently held their Senior School Investment Challenge, with Warwick Academy winning, the Berkeley Institute placing second, while Somersfield Academy earned third place. The participating students secured cash prizes for their schools to support educational initiatives, including $10,000 for first place, $6,000 for second and $4,000 for third. A spokesperson said, “KPMG in Bermuda hosted a …

May 11 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,548.61, 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: May 8 2026 Bermuda Stock Exchange Report: May 7 …

The Government of Bermuda said they “welcome the latest ratings action from Moody’s Ratings, which has upgraded Bermuda’s domestic and foreign currency long-term issuer ratings and foreign currency senior unsecured bond ratings to A1, while maintaining a stable outlook. A Government spokesperson said, “In its report, Moody’s said the upgrade to A1 reflects the “improvement …

Pelagos Insurance Capital Limited, formerly Fidelis Insurance Holdings Limited, announced its rebrand following shareholder approval. A spokesperson said, “Pelagos Insurance Capital Limited [“Pelagos Insurance Capital” or the “Company”], formerly Fidelis Insurance Holdings Limited [NYSE:FIHL], an expert capital allocator and risk selector in specialty insurance and reinsurance, announced today that following shareholder approval at its Annual …

The Bermuda Corporate Income Tax Agency [CITA] announced that it has “officially assumed responsibility for administering Bermuda’s Economic Substance regime and Automatic Exchange of Information framework.” A spokesperson said, “Effective March 13, 2026, the Minister of Finance designated CITA as the Competent Authority under the International Cooperation [Tax Information Exchange Agreements] Act 2005 and the …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, May 9th. On Saturday the Independence of the Seas and the Norwegian Jewel cruise ships are expected, on Sunday the Bagheera discharge ship and the Oleander container ship will arrive, and on Monday the Cartagena discharge …

Fidelis Insurance Holdings Limited has declared a dividend of $0.15 per share, payable on June 26, to shareholders of record on June 15. A spokesperson said, “Fidelis Insurance Holdings Limited [NYSE:FIHL] [Fidelis Insurance Group or the Company], a strategic capital allocator and risk selector in specialty insurance and reinsurance, announced today that its Board of …

May 8 saw 1,156 shares trade on the Bermuda Stock Exchange, valued at $63,580.00 BD. 1,156 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $55.00 per share. The BSX finished at 3,548.61, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the …