Business

Pelagos Insurance Capital –  formerly known as Fidelis Insurance Holdings — announced its financial results for the second quarter ended June 30, 2026. Dan Burrows, Group Chief Executive Officer of Pelagos Insurance Capital, commented: “Our first-half performance reflects the continued success of our capital allocator model and our underwriting discipline. Year-to-date, we grew gross premiums …

AM Best has affirmed an A [Excellent] rating for Bermuda-based Cavello Bay Re, a subsidiary of Enstar, citing strong financials and a stable outlook. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A [Excellent] and a Long-Term Issuer Credit Rating of “a+” [Excellent] of Cavello Bay Reinsurance Limited [Cavello Bay] [Bermuda], …

August 12 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,948.83, 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: August 11 2026 Bermuda Stock Exchange Report: August 10 …

Hamilton Princess & Beach Club has recognized 29 students for their contributions this summer. A spokesperson said, “Hamilton Princess & Beach Club are proud to recognize and celebrate the outstanding group of 29 students who joined our team this season. “Throughout the summer, Bermuda’s young people brought enthusiasm, fresh perspectives, and a strong work ethic …

Google announced plans for a third subsea cable connection involving Bermuda, with the new Canoa system set to link the island directly with the Dominican Republic. Google’s announcement said, “Canoa is a new subsea cable system connecting the Dominican Republic to Bermuda. Canoa comes from the Taíno word for canoe, harkening to the longstanding maritime …

Harbour Nights returns to Front Street tonight [Aug 12] and this week’s lineup includes the City Town Crier, Energize Wellness, H&H Gombeys, Ronnie & The Secrets and more. A spokesperson said, “Harbour Nights is back this Wednesday, August 12, 7-10 PM on Front Street! This week’s lineup features the City Town Crier, Energize Wellness, H&H Gombeys, and …

RiverStone International has appointed David Soutter as group chief risk officer, bringing more than 25 years of global re/insurance experience to the role. A spokesperson said, “RiverStone International today announced the appointment of David Soutter as group chief risk officer [CRO], reporting to group chief executive officer, Paul Brockman. “Soutter joined RiverStone International as head …

RiverStone International has appointed David Soutter as group chief risk officer, bringing more than 25 years of global re/insurance experience to the role. A spokesperson said, “RiverStone International today announced the appointment of David Soutter as group chief risk officer [CRO], reporting to group chief executive officer, Paul Brockman. “Soutter joined RiverStone International as head …

Allshores has announced a $3 million donation over three years to the Bermuda Cancer and Health Centre to “help improve access to advanced diagnostic capabilities and enhanced treatment services on-island.” A spokesperson said, “The gift builds on Allshores’ longstanding relationship with Bermuda Cancer and Health Centre through the Allshores Breast Cancer Awareness Walk, which celebrates …

The Bank of England has appointed Nicholas Segal — who has served as Assistant Justice of the Supreme Court of Bermuda — as Chairperson of its Enforcement Decision Making Committee, effective 1 August 2026. A spokesperson said, “Following an external recruitment process, the Bank of England [the Bank] has appointed Nicholas Segal as Chair of its …

August 11 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,948.83, 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: August 10 2026 Bermuda Stock Exchange Report: August 7 …

The Loren Hotels has submitted an In-Principle Planning Approval application to redevelop the Elbow Beach Hotel into a ”luxury resort comprising 76 guestrooms and 22 detached villas that will operate as part of the resort’s rental inventory, with an anticipated opening in 2029 following extensive reconstruction.” A spokesperson said, “The Loren Hotels has submitted an application …

Bermuda’s young entrepreneurs will take centre stage at the Youth Entrepreneur Expo on Saturday, August 15, showcasing their creativity, innovation and business ventures at City Hall Front Lawn. A Government spokesperson said, “The Ministry of Youth, Social Development & Seniors, through the Office of Youth Affairs, invites the public to celebrate Bermuda’s next generation of …

“While final project costs are not yet available, the capsule homes are expected to be substantially less expensive than traditional residential construction,” the Government said. Total Of Nine Capsule Homes For The Project A listing late last year in the official notices stated that $207,730.00 was spent with Henan Sinova Enterprise Co Ltd for “Capsule …

L&G Reinsurance has appointed Tom Ault as Chief Executive Officer, succeeding Amy Ellison, who moves into a new role as Chief Internal Auditor for Legal & General. A spokesperson said, “A new chapter for L&G Reinsurance. On 1 August, we welcomed Tom Ault as Chief Executive Officer. “Tom joined the business in 2019 as Chief …

“The global reinsurance segment is at a critical inflection point as reinsurers’ strong earnings since 2023 have driven robust capital generation,” AM Best said. The ratings agency said, “With reinsurers’ capital now at record levels, growing competition is increasing pressure on reinsurance pricing, particularly in property lines, and according to a new AM Best report, the key …

August 10 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,948.83, 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: August 7 2026 Bermuda Stock Exchange Report: August 6 …

Essent Group Ltd. reported net income for the quarter ended June 30, 2026 of $189.7 million or $2.08 per diluted share, compared to $195.3 million or $1.93 per diluted share for the quarter ended June 30, 2025. A spokesperson said, “Essent also announced today that its Board of Directors has declared a quarterly cash dividend …

The Progressive Labour Party [PLP] has welcomed the opening of the Palmetto Beach Club at Fairmont Southampton. PLP Chairperson Dawn Simmons said, “The Progressive Labour Party welcomes the opening of the Palmetto Beach Club at the Fairmont Southampton, an important milestone in the return of one of Bermuda’s most significant tourism properties. “For years, we …

AXIS Capital announced it has agreed to acquire the renewal rights to the Excess Liability business of DUAL North America, a leading specialty program administrator and part of DUAL Group, the specialist underwriting arm of Howden Group. A spokesperson said, “As part of the transaction, John Kopach, Executive Vice President of DUAL Excess Liability will join …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, August 8th. On Saturday the Carnival Sunshine, the Norwegian Jewel cruise ship and the Vision of the Seas cruise ships are expected, on Sunday the Oleander container ship will arrive, and on Monday the Independence of …

Assured Guaranty Ltd. announced its financial results for the three-month period ended June 30, 2026. Dominic Frederico, President and CEO, said: “At the midway point of 2026, Assured Guaranty’s key valuation metrics – shareholders’ equity, adjusted operating shareholders’ equity, and adjusted book value – all reached per share record highs, finishing at $126.18, $129.94 and $189.72, …

Hamilton Insurance Group, Ltd. today announced financial results for the second quarter ended June 30, 2026. Commenting on the results, Pina Albo, CEO of Hamilton, said: “Hamilton delivered another quarter of strong results, with net income of $144 million, a 21% annualized return on average equity, a 95% combined ratio, and strong investment income. Gross …