Meritus acquired by Guernsey-based Opera
A Guernsey-based private client services group has expanded into Bermuda through the acquisition of a local trust company, as part of a broader push to build a transatlantic wealth platform.
Opera…
Business
Appleby names Cathryn Minors partner and promotes five others
Appleby announced the promotion of six lawyers, including Cathryn Minors, a member of the insurance team, who has been appointed a partner.
Katie Blundy, Arielle DeSilva and Hailee Forde have been …
Katie Blundy, Arielle DeSilva and Hailee Forde have been …
Ignite Opens Applications For 11th Cohort
Ignite Bermuda is accepting applications for its 11th Entrepreneurial Accelerator, offering the Core Programme and Fuel Your Ambition Series for Bermudian innovators to develop and scale impactful start-ups from April 6 to April 24. A spokesperson said, “Ignite Bermuda welcomes applications for its 11th Entrepreneurial Accelerator, featuring two tracks – the Core Programme and Fuel …
Butterfield Share Repurchases For March 2026
The Bank of Butterfield repurchased for cancellation 298,847 common shares in March 2026. 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 298,847 common shares at an average …
Bermuda Stock Exchange Report: April 1 2026
April 1 saw 2,042 shares trade on the Bermuda Stock Exchange, valued at $106,128.00 BD. 2,042 shares were traded by Bank of N.T. Butterfield Ltd, closing up 2.0% at $52.00 per share. The BSX finished at 3,364.52, up 1.74% on the day. There was 1 advance, 0 decline, and 46 remained unchanged. The full report …
BMA weighs streamlined tokenisation rules after industry feedback
The Bermuda Monetary Authority is planning to streamline its regulatory framework for tokenised assets after the industry warned that overlapping rules could slow growth.
In feedback on the author…
EIRC Programme Surpasses $600 Million
“The Bermuda Business Development Agency [BDA] today announced that Bermuda’s Economic Investment Residential Certificate [EIRC] programme has “surpassed $600 million in associated investments since its launch in 2021, marking five years of activity across key sectors of the Bermuda economy.” A spokesperson said, “Since launch, the programme has attracted nearly 100 international investors and their …
30 Years Of Bermuda Principles Celebrated
The Bermuda Principles 30th Anniversary Conference held in February 2026 at the Hamilton Princess has been hailed as a resounding success, reinforcing Bermuda’s role in global genomics collaboration. A spokesperson said, “The Bermuda Principles 30th Anniversary Conference, held from 25–28 February 2026 at the Hamilton Princess, has been hailed as a resounding success, bringing together …
Bermuda Executives Headline ABIR Forum
Industry, regulatory, and government luminaries take the spotlight among numerous high-profile speakers at next week’s inaugural ABIR Risk Forum at the Hamilton Princess. A spokesperson said, “The full-day event April 8 features Chair of the European Insurance and Occupational Pensions Authority [EIOPA], President of the US National Association of Insurance Commissioners [NAIC], and Chair of …
Auto Solutions partners with Rugged Rentals
Auto Solutions has partnered with Rugged Rentals, introducing an added layer of convenience for customers requiring short-term transportation.
The collaboration enables Auto Solutions clients to rent …
The collaboration enables Auto Solutions clients to rent …
Butterfield climbs 2% on BSX
The Royal Gazette/BSX Index finished up 57.57 points (1.74 per cent) to close at 3,364.52.
Butterfield Bank ended the day at $52 on the Bermuda Stock Exchange up a $1, or 2 per cent, with 2,042 shares…
Butterfield Bank ended the day at $52 on the Bermuda Stock Exchange up a $1, or 2 per cent, with 2,042 shares…
‘Unprecedented’ 70% of Coldwell team recognised
Coldwell Banker Bermuda has announced that an unprecedented 70 per cent of its full-time agents have been awarded international recognition.
These honours place the local team within the highest tiers…
These honours place the local team within the highest tiers…
Record capital fuels softer reinsurance market
Record levels of global reinsurance capital are driving a more competitive market, with falling prices and more alternative capital expected to keep reshaping the industry, according to a new report b…
Aflac Re strikes annuities reinsurance deal with Japan Post
Aflac Re Bermuda Ltd has reached an agreement with Japan Post Insurance Co to reinsure a block of whole life annuities through coinsurance.
Japan Post Insurance will continue to service and administer…
Japan Post Insurance will continue to service and administer…
Verdant Rock Limited Secures BMA Approval
Walkers’ Bermuda team has advised Verdant Rock Limited on its successful application to the Bermuda Monetary Authority [BMA] for approval in principle to register as a Class 3B insurer. A spokesperson said, “Walkers’ Bermuda team is delighted to have advised Verdant Rock Limited on its successful application to the Bermuda Monetary Authority [BMA] for approval …
Bermuda Stock Exchange Report: March 31 2026
March 31 saw 500 shares trade on the Bermuda Stock Exchange, valued at $12,000.00 BD. 500 shares were traded by Allshores Limited, closing up 4.3% at $24.00 per share. The BSX finished at 3,306.95, up 0.30% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …
eMoo Marketplace – Jeep Compass 2013 $12,750
Jeep Compass 2013 $12,750
Well maintained Navy Jeep Compass, serviced at least annually with supplier Eurocar
Well maintained Navy Jeep Compass, serviced at least annually with supplier Eurocar
Insurers permitted to appeal stranded jets court ruling
Insurers including Bermudian-based Fidelis and Chubb, which has substantial operations on the island, were granted permission to appeal against a London court ruling in favour of the world’s largest a…
Chamber discussion to focus on global shifts
The Bermuda Chamber of Commerce’s 2026 annual general meeting and luncheon will circle around the theme of global shifts, local impact and workforce considerations in a changing world.
The event spons…
The event spons…
BELCO Fuel Adjustment Rate Set To Decrease
BELCO has announced that the Fuel Adjustment Rate [FAR] will decrease effective tomorrow [April 1]. A spokesperson said, “Bermuda Electric Light Company Limited [BELCO] today advised that following approval by the Regulatory Authority of Bermuda, the Fuel Adjustment Rate will decrease effective April 1, 2026. “As of April 1, the FAR will decrease from 13.799 …
Verdant Rock receives BMA nod to register
A new insurer is working to set up shop in Bermuda offering a financial guarantee platform focused on emerging markets.
Advised by law firm Walkers, Verdant Rock has received for approval in principle…
Advised by law firm Walkers, Verdant Rock has received for approval in principle…
Allshores climbs 4.3% on BSX
Shares of Allshores climbed 4.3 per cent in Bermuda Stock Exchange trading today. Five hundred of the insurer’s shares traded as the price rose $1 to $24.
The Royal Gazette/BSX Index gained 9.8 points…
The Royal Gazette/BSX Index gained 9.8 points…
Arch expands primary cyber coverage into Canada
The North American insurance operation of Bermudian-based Arch Capital has announced the expansion of its Arch CyPro cyber coverage solution into Canada, effective April 1.
Building on Arch’s establis…
Building on Arch’s establis…
Arch’s mortgage business books $1bn in underwriting income
Arch Capital’s mortgage insurance business hit the $1 billion mark in underwriting income for a fourth consecutive year.
The Bermudian-based insurer and reinsurer is one of the world’s leading insurer…
The Bermudian-based insurer and reinsurer is one of the world’s leading insurer…
Taitu Kunze rushed off her feet in thriving podiatry business
At the age of 11, Taitu Kunze was asked to pen an essay on her career aspirations.
In neat handwriting she wrote that she wanted to be a chiropodist and be her own boss.
The veteran podiatrist keeps t…
In neat handwriting she wrote that she wanted to be a chiropodist and be her own boss.
The veteran podiatrist keeps t…
Bermuda-Style House For Sale At $79.5 Million
A Bermuda-style house built in 2025 was listed for $79.5 million in Florida, offering a newly constructed oceanfront estate with luxury amenities and expansive living space. The Christian Angle Real Estate said, “Spectacular New Oceanfront Estate on Billionaires Row – Introducing a newly constructed oceanfront compound on prestigious Billionaires Row, offering panoramic views of the …
SiriusPoint announces board changes
Specialty underwriter SiriusPoint has appointed Sabra Purtill to its board of directors while Franklin (Tad) Montross IV and Peter Tan have stepped down.
Ms Purtill joined SiriusPoint with 40 years of…
Ms Purtill joined SiriusPoint with 40 years of…
Butterfield shares up 0.9% in New York
The RG/BSX Index closed unchanged at 3,297.15 as turnover totalled $147,200.
Only Allshores experienced activity on the Bermuda Stock Exchange, with 6,400 shares trading as the price remained at $23.
…
Only Allshores experienced activity on the Bermuda Stock Exchange, with 6,400 shares trading as the price remained at $23.
…
Barrowclough to lead PFI’s Bermuda reinsurance operations
Joseph Barrowclough has been appointed president of Bermuda reinsurance at US insurance and investment firm Prudential Financial Inc.
In the role, he will oversee Gibraltar Re and Lotus Re, PFI’s two …
In the role, he will oversee Gibraltar Re and Lotus Re, PFI’s two …
Kirk takes over as Axis CFO
Matthew Kirk has taken over as chief financial officer of Axis Capital, completing a planned transition, the company said.
The Bermudian-based specialty insurer and reinsurer announced that Mr Kirk wo…
The Bermudian-based specialty insurer and reinsurer announced that Mr Kirk wo…
Custodian Life director barred from insurance sector
The Bermuda Monetary Authority has issued a prohibition order against Joakim Samuelsson, a director and controller of Custodian Life, barring him indefinitely from holding senior roles in the island’s…
Courier imports rise as on-island sales dip
Bermuda’s courier companies transported more than $200 million worth of goods to the island last year, fuelled by the exploding trend of internet shopping, government figures show.
The latest retail s…
The latest retail s…
Athora to shift HQ from Bermuda to UK after PIC acquisition
Athora Holding Ltd plans to move its corporate and legal headquarters from Bermuda to London by the end of 2027.
The announcement came as Athora confirmed the completion of its acquisition of Pension …
The announcement came as Athora confirmed the completion of its acquisition of Pension …
Marex plans to move domicile to Bermuda
Marex Group, a financial-services company based in Britain, plans to move its holding company’s legal domicile to Bermuda.
The company announced outlined the plan in an investor day in New York, when …
The company announced outlined the plan in an investor day in New York, when …
Nasa lunar mission to be monitored from Bermuda
Astronauts embarking on a mission to the moon next Wednesday will be monitored by Bermuda’s tracking station on Cooper’s Island.
The National Aeronautics and Space Administration Artemis II test fligh…
The National Aeronautics and Space Administration Artemis II test fligh…
More than 100 crash victims in hospital each month
More than 100 road crash victims have to be treated in hospital every month, it was revealed in Parliament yesterday.
Kim Wilson, the health minister, told MPs that more than 3,760 people were admitt…
Kim Wilson, the health minister, told MPs that more than 3,760 people were admitt…
Shipping Schedule: Week Starting March 28
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, March 28th. On Saturday the Allura cruise ship is expected, on Sunday the Azamara Quest and the SS Grandeur cruise ships will arrive, and on Monday the Oleander container ship is scheduled to arrive. On Wednesday …
Automate savings to build wealth
Lately, I have been getting a number of questions about the best way to save money. As many readers of my column have pointed out, they have no trouble coming up with reasons or ways to spend their mo…
At what point should we stop buying life insurance?
Dear Dave,
I’m 65 years old, and I work part-time. My wife is 59, and she works full-time earning about $160,000 a year. We’re both self-employed, so at what point do we stop buying term life insuranc…
I’m 65 years old, and I work part-time. My wife is 59, and she works full-time earning about $160,000 a year. We’re both self-employed, so at what point do we stop buying term life insuranc…
Conduit Holdings Appoints New Directors
Conduit Holdings Limited has announced the appointment of Richard Lightowler, Peter Mullen, and Penny Shaw as Non-Executive Directors with effect from 26 March 2026. A spokesperson said, “Conduit Holdings, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, today announces the appointments of Richard Lightowler, Peter Mullen and Penny Shaw as Non-Executive …
Butterfield shares fall 0.75% in New York
The Royal Gazette/BSX Index closed unchanged on 3,297.15 today after a day of no trading activity.
For the week, the index climbed 2.1 per cent, driven by a 2 per cent rise in the share price of Butte…
For the week, the index climbed 2.1 per cent, driven by a 2 per cent rise in the share price of Butte…
Conduit adds industry heavyweights to board
Conduit Holdings Ltd has appointed three senior insurance figures to its board in an effort to strengthen governance as the Bermudian-based reinsurer continues its expansion.
The company, which is lis…
The company, which is lis…
BMA Prohibition Order Against Joakim Samuelsson
The Bermuda Monetary Authority [BMA] has issued a prohibition order against Mr. Joakim Samuelsson. A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] today announces that it has issued a prohibition order against Mr. Joakim Samuelsson, pursuant to section 32H of the Insurance Act 1978 [Insurance Act], following the conclusion of an enforcement process …
Bananas Party named BEDC Business of the Year
Nandi Davis, co-owner of Bananas Party has a reputation for arranging elaborate gatherings.
Her last event, held at the Fairmont Hamilton Princess hosted 400 people and included a custom-designed wate…
Her last event, held at the Fairmont Hamilton Princess hosted 400 people and included a custom-designed wate…
Athene second-biggest borrower from Federal Home Loan Bank system
Life and annuities insurer Athene borrowed nearly $23.3 billion from the Federal Home Loan Bank system in the US last year.
The FHLB’s financial report for 2025 shows that Athene, which is owned by pr…
The FHLB’s financial report for 2025 shows that Athene, which is owned by pr…
Bermuda Stock Exchange Report: March 26 2026
March 26 saw 4,300 shares trade on the Bermuda Stock Exchange, valued at $98,900.00 BD. 4,300 shares were traded by Allshores Limited, closing even at $23.00 per share. The BSX finished at 3,297.15, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available …
Sompo’s credit ratings affirmed by AM Best
AM Best has removed Sompo Japan Insurance and its subsidiaries from under review with positive implications and affirmed its financial strength rating of A+ (superior) and its long-term issuer credit …
XBTO in $217m capital raise
A Bermudian-regulated digital assets firm has secured commitments for a capital raise of up to $217 million as it looks to expand its institutional business and technology platform.
XBTO said the fund…
XBTO said the fund…
Paratus sells drilling unit in $400m deal
Bermudian-based Paratus Energy Services Ltd has agreed to sell its offshore drilling and jack-up rig business in a deal valued at about $400 million, as it sharpens its focus on subsea services.
The c…
The c…
Black Gold Re rating upgraded to A- by AM Best
Black Gold Re, the Bermudian-based captive reinsurer of Colombian state energy company Ecopetrol, has had its financial strength rating upgraded to A- (excellent) from B++ (good) by AM Best.
The credi…
The credi…