BMA licenses Bitcoin Suisse unit
Bitcoin Suisse affiliate Bitcoin Suisse (International) Ltd has obtained a Class F digital asset business licence under Bermuda’s Digital Asset Business Act and Class B registration under the Investme…
Business
Kennedys Bermuda promotes Vinesh Mistry
Law firm Kennedys Bermuda has made Vinesh Mistry a senior associate.
Prior to joining Kennedys, Mr Mistry practised as a barrister in London and at several international law firms, in pre- and post-qu…
Prior to joining Kennedys, Mr Mistry practised as a barrister in London and at several international law firms, in pre- and post-qu…
Skydive Bermuda Completes First Test Jumps
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, …
Students Compete In KPMG Investment Challenge
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 …
Terceira’s service stations switch to Esso
Two popular service stations have just switched their fuel suppliers to Sol Petroleum Bermuda Ltd.
Terceira’s North Shore and Terceira’s Warwick Gas service stations will now be pumping Esso Synergy f…
Terceira’s North Shore and Terceira’s Warwick Gas service stations will now be pumping Esso Synergy f…
Azia Parris raising spirits with The Sipping Lab
When Azia Parris joined the Bermuda Economic Development Corporation’s vendor academy she was unsure if she would make it through the full course.
She was expecting her third child around the time tha…
She was expecting her third child around the time tha…
Warwick Academy team wins KPMG investment challenge
Warwick Academy was declared the winner of KPMG’s annual Bermuda Senior School Investment Challenge for the second year in a row, at a special awards ceremony at City Hall.
The school’s Madoff with t…
The school’s Madoff with t…
Bermuda Stock Exchange Report: May 11 2026
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 …
Moody’s Upgrades Bermuda’s Rating To A1
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 …
Fidelis Rebrands To Pelagos Insurance Capital
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 …
Butterfield falls 1.17%
The RG/BSX Index remained at 3,548.61 in the absence of trading on the Bermuda Stock Exchange.
Meanwhile, the US-listed shares of Butterfield Bank finished down 68 cents, or 1.17 per cent, on the New …
Meanwhile, the US-listed shares of Butterfield Bank finished down 68 cents, or 1.17 per cent, on the New …
Fidelis completes name change to Pelagos
The Bermudian-based insurer formerly known as Fidelis Insurance Holdings has completed its rebranding to Pelagos Insurance Capital.
The legal name change to Pelagos is effective today. Shareholders ap…
The legal name change to Pelagos is effective today. Shareholders ap…
Moody’s raises Bermuda’s debt rating to A1
Corporate income tax revenues was the rationale given by Moody’s Ratings as they upgraded Bermuda’s domestic- and foreign-currency long-term issuer and foreign-currency senior unsecured bond ratings t…
Grants of $25,000 offered in small business pitch contest
Entrepreneurs have the chance to win five grants of up to $25,000 each in the Wave of Opportunity Pitch Competition.
The Global Atlantic Re Foundation, in partnership with the Bermuda Economic Develop…
The Global Atlantic Re Foundation, in partnership with the Bermuda Economic Develop…
CITA Assumes New Compliance Roles
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 …
Island under scrutiny as Bessent and NAIC discuss life sector
Bermuda’s fast-growing life reinsurance sector has caught the attention of the Trump Administration.
Scott Bessent, the US Treasury Secretary, met with insurance regulators to talk about the industry’…
Scott Bessent, the US Treasury Secretary, met with insurance regulators to talk about the industry’…
Essent plays down ‘cracks’ in mortgage credit
Essent Group Ltd sought to reassure investors about the health of the United States housing market after its reinsurance segment posted a sharp increase in losses during the first quarter.
The Bermudi…
The Bermudi…
Watch: AI’s growing use attracts global regulatory scrutiny
Technology consultants say that artificial intelligence has transitioned from experimentation to widespread, production-grade deployment, with over 50 per cent of major companies moving AI initiatives…
Assured Guaranty expands annuity reinsurance push
Assured Guaranty is directing more capital towards annuity reinsurance and alternative investments as it expands beyond its traditional bond insurance business, after reporting lower first-quarter ear…
Watlington revenue climbs to $14.7m
Watlington Waterworks Ltd reported a bump in revenue in 2025 as rising costs and higher depreciation weighed on profits, according to audited financial statements filed by the company.
The utility and…
The utility and…
Tax agency takes over economic substance
The Corporate Income Tax Agency has formally taken over responsibility for Bermuda’s economic substance and international tax compliance regimes as the island consolidates several key regulatory funct…
Shipping Schedule: Week Starting May 9
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 …
No silver bullet to curb rising healthcare costs
It is that time of year when health insurers look at their health book of business and start reviewing their clients to determine whether there will be any movement in the annual premium for the foll…
Executor has one job — to follow deceased’s directives
Dear Dave,
My wife and her siblings each inherited about $10,000 when their dad passed away. One of her siblings, who was named executor of the estate, told my wife that she plans to withhold the mone…
My wife and her siblings each inherited about $10,000 when their dad passed away. One of her siblings, who was named executor of the estate, told my wife that she plans to withhold the mone…
Fidelis Insurance Declares $0.15 Dividend
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 …
Bermuda Stock Exchange Report: May 8 2026
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 …
Butterfield shares trade on BSX
Butterfield Bank’s share price remained unchanged on $55 as 1,156 shares traded on the Bermuda Stock Exchange.
The Royal Gazette/BSX Index closed unchanged on 3,548.61 for the day, and up 0.77 per cen…
The Royal Gazette/BSX Index closed unchanged on 3,548.61 for the day, and up 0.77 per cen…
Calidris Announces Three Senior Appointments
Calidris Investment Partners, an insurance-focused investment manager backed by RedBird Capital Partners, announced three new hires as the firm continues to expand its platform. A spokesperson said, “James Larner joins as Director of Investor Partnerships, Chelsea Smith as Finance and Operations Manager and Abigail Exon as Quantitative Strategies Manager. “James will lead Calidris’ global capital …
Watlington Reports Net Income For 2025
Watlington Waterworks Limited reported net income of $3.20 million for 2025, down 7.78% from 2024, while completing the Luke’s Pond Reservoir project. A spokesperson said, “In 2025, Watlington Waterworks Limited [WWL or the Company] recorded net income of $3.20 million, compared to $3.47 million in 2024, representing a decrease of $0.27 million or 7.78%. While …
Waterfront Expands Ecommerce Platforms
The Waterfront Group of companies have launched four ecommerce platforms — with a fifth coming soon — as part of a wider digital strategy aimed at simplifying online ordering and supporting future business growth. A spokesperson said, “Waterfront Group of companies, in collaboration with Socialprise [And their new performance marketing arm We HYPR], has launched a …
Watch: Digital asset payment framework ‘approved by Cabinet’
Cabinet has approved a framework to allow the Government of Bermuda to accept and invest in digital assets, within a clear regulatory structure.
The announcement was made by David Burt, the Premier an…
The announcement was made by David Burt, the Premier an…
Trafigura plans Bermuda move, citing legal stability
Global commodities trader Trafigura is considering moving a key holding company from the Netherlands to Bermuda, citing the island’s legal and political stability.
The company confirmed to The Royal …
The company confirmed to The Royal …
Cactus Appoints Bernhard As CFO & Audit Head
Cactus has announced the appointment of Keith Bernhard as its Chief Financial Officer and Head of Audit. A spokesperson said, “Cactus, the award-winning insurtech focused on underwriting intelligence, today announced the appointment of Keith Bernhard as Chief Financial Officer and Head of Audit. Bernhard brings the rigour of public-company audit to a growing insurtech and …
Hiscox raises $1bn in fresh ILS capital
Hiscox Ltd said it attracted about $1 billion in fresh third-party capital during the first quarter as the island’s insurance-linked securities and alternative capital market keeps expanding despite s…
Aleisha Hollis: Outsourcing considerations for Bermuda insurers
As Bermuda insurers engage with third-party service providers to support their business functions, the Bermuda Monetary Authority has clarified its regulatory expectations surrounding outsourcing arr…
Enstar Group Preference Share Dividends
Enstar Group Limited announced that it will pay cash dividends on its Series D and Series E preference shares. A spokesperson said, “Dividends on Enstar’s Series D 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share [each of which represents a 1/1,000th interest in a Series D Preference Share] will be payable on …
Everest Group Appoints Lisa Davis
Everest Group, Ltd. today announced the appointment of Lisa Davis as Head of North America, Wholesale & Specialty, where she will lead underwriting strategy, distribution, and portfolio management across the region. A spokesperson said, “Everest Group, Ltd., a global underwriting leader providing world-class reinsurance and specialty insurance solutions, today announced the appointment of Lisa Davis …
Bermuda Stock Exchange Report: May 7 2026
May 7 saw 400 shares trade on the Bermuda Stock Exchange, valued at $9,916.00 BD. 400 shares were traded by Allshores Limited, closing even at $24.79 per share. The BSX finished at 3,548.61, even on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day is available …
SailGP Partners With Butterfield & Mastercard
SailGP announced a partnership with Butterfield and Mastercard for the upcoming Apex Group Bermuda Sail Grand Prix. A spokesperson said, “SailGP, the most exciting racing on water, today announced a partnership with Butterfield and Mastercard for the upcoming Apex Group Bermuda Sail Grand Prix [May 9–10], enhancing the event experience through premium financial services, innovation …
Watch: Digital asset payment framework approved by Cabinet, says Burt
Cabinet has approved a framework to allow the Government of Bermuda to accept and invest in digital assets, within a clear regulatory structure.
The announcement was made by David Burt, the Premier an…
The announcement was made by David Burt, the Premier an…
White Mountains slips to $27.2m loss
White Mountains Insurance Group slipped to a first-quarter loss as a fall in the value of its MediaAlpha investment outweighed solid operating results across parts of the Bermuda-based financial servi…
Calidris expands Bermuda platform with three hires
Calidris Investment Partners has appointed three new team members as the firm expands its insurance-focused investment platform.
The Bermudian-based investment manager announced that James Larner has …
The Bermudian-based investment manager announced that James Larner has …
SiriusPoint net income rises on lower catastrophe losses
Bermudian-based specialty insurer SiriusPoint reported first-quarter net income of $100 million, up from $58 million in the corresponding period of 2025.
The increase was driven by lower catastrophe l…
The increase was driven by lower catastrophe l…
SailGP partners with Butterfield and Mastercard
SailGP has announced a partnership with Butterfield and Mastercard for this weekend’s Apex Group Bermuda Sail Grand Prix.
The partnership names Butterfield and Mastercard as the event’s official payme…
The partnership names Butterfield and Mastercard as the event’s official payme…
Peter Wilson Joins Hamilton Insurance Board
Hamilton Insurance Group announced that Peter W. Wilson has been elected to its Board of Directors at the Company’s Annual General Meeting of Shareholders. “I am pleased to welcome Peter to the Hamilton Board,” said David A. Brown, Board Chair. “Peter brings extensive industry and leadership experience across global specialty insurance markets, with a strong track …
Green data centre seen as opportunity for Bermuda
A newly released road map to improve local entrepreneurship includes the possibility of a boutique, hurricane-resistant, sustainable data centre on the island.
Sustainable, or green data centres, are …
Sustainable, or green data centres, are …
Coinbase slashes jobs, citing market and AI
Coinbase has announced it will let go 700 staff — 14 per cent of its global workforce — as it rebuilds to became “lean, fast and AI-native”.
Brian Armstrong, the crypto exchange’s chief executive, cit…
Brian Armstrong, the crypto exchange’s chief executive, cit…
BDA tells island’s story at Riskworld
The Bermuda Business Development Agency continued the island’s longstanding relationship with the world’s leading association of risk managers this week, during Riskworld in Philadelphia.
Top executiv…
Top executiv…
Gold Reserve plans spin-out of US mining company
Bermudian-based Gold Reserve Ltd has announced plans to spin out its mining interests into a new American-domiciled company focused on critical mineral development in the western hemisphere.
The comp…
The comp…
Reinsurance model holding up, catastrophe stress test finds
Global reinsurers, including several major Bermuda market players, appear capable of withstanding increasingly severe climate-related catastrophe losses without widespread ratings pressure, according …