Business

Premier and Minister of Finance David Burt tabled the 2025 Annual Report of the Bermuda Monetary Authority in the House of Assembly on Friday [June 26]. The Premier’s full statement follows below: Mr Speaker, in accordance with section 28 of the Bermuda Monetary Authority Act 1969, earlier today in this Honourable House I tabled the …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, June 27th. On Saturday the Norwegian Jewel and the Vision of the Seas cruise ships are expected, on Sunday the Oleander container ship will arrive, and on Monday the Norwegian Aqua and the Independence of the …

June 26 saw 5,064 shares trade on the Bermuda Stock Exchange, valued at $133,648.00 BD. 64 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $57.00 per share, while the other 5,000 shares were traded by Allshores Limited, closing down 7.1% at $26.00 per share. The BSX finished at 3,681.41, down 0.53% …

Carnival Corporation –  which recently completed the unification of the company’s dual-listed structure under a single corporate entity and shifted its legal incorporation to Bermuda –  announced financial results for the second quarter 2026 and provided an updated outlook. The company said they recorded net income of $537 million with record adjusted net income of …

June 25 saw 400 shares trade on the Bermuda Stock Exchange, valued at $17,000.00 BD. 200 shares were traded by Bank of N.T. Butterfield Ltd, closing down 0.9% at $57.00 per share, while another 200 shares were traded by Allshores Limited, closing up 9.8% at $28.00 per share. The BSX finished at 3,701.01, down 0.12% …

Aon has donated $8,000 to SkillCraft Bermuda to support its programme helping teenagers develop workplace and educational skills. A spokesperson said, “Aon has proudly partnered with SkillCraft Bermuda, contributing $8,000 to support its mission of helping teens ages 16–18 develop the skills and confidence they need to succeed in work and further education. SkillCraft Bermuda …

PwC Bermuda will host its HeadStart networking event on July 15 from 5-7pm for students and graduates exploring careers in professional services. A spokesperson said, “PwC Bermuda will host its annual HeadStart summer networking event on 15 July from 5-7pm, bringing together students and recent graduates for an evening of career insights, professional connections, and …

Vantara Relocation has launched in Bermuda, offering fixed-price relocation services and seven-day support for executives, professionals and international families moving to the island. A spokesperson said, “Vantara Relocation today announced its official debut as a bespoke relocation consultancy serving executives, professionals and international families moving to Bermuda. The firm will offer a fixed-price corporate model, which …

AM Best has assigned a Preliminary Credit Assessment [PCA] to Fortium Insurance Company Ltd. [Fortium] [Bermuda] with a Financial Strength Assessment of A- pca [Excellent] and a Long-Term Issuer Credit Assessment of “a-” pca [Excellent]. The outlook assigned to the PCA is stable. The ratings agency said, “The PCA reflects Fortium’s balance sheet strength, which …

Bacardi Limited has completed a transaction to become the sole owner of the Teeling Whiskey Company and the Teeling Irish whiskey brand, with founders Jack and Stephen Teeling remaining involved as strategic advisors. A spokesperson said, “Bacardi Limited has announced the completion of a transaction that makes the family-owned company the sole owner of the …

The 57th Annual Gas-o-Rama raised $20,500 for Compassionate Care Partners’ Help Us Grow campaign. A spokesperson said, “The 57th Annual Gas-o-Rama, a collaboration between the Hamilton Lions Club and Terceira’s Service Stations, held on Saturday, February 28, raised $20,500 for Compassionate Care Partners [formerly known as Friends of Hospice] and its Help Us Grow capital …

AM Best affirmed the ratings of Allshores Limited’s insurance and reinsurance subsidiaries, citing the outlook for all ratings is Stable. The ratings agency said, “Allshores Limited [“Allshores”] [BSX: ALSH] today announced that AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” [Excellent] …

Bermuda Motors representatives Joy Burgess and Sebastien Cornet attended the MINI Product & Marketing Conference in Budapest, Hungary. A spokesperson said, “Bermuda Motors was proudly represented at the MINI Product & Marketing Conference held in Budapest, Hungary, in June 2026 by Joy Burgess, Senior Sales Representative, and Sebastien Cornet, General Sales Manager. “The conference brought …

June 23 saw 3,000 shares trade on the Bermuda Stock Exchange, valued at $75,030.00 BD. 3,000 shares were traded by Allshores Limited, closing down 1.9% at $25.01 per share. The BSX finished at 3,700.50, down 0.13% on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day …