Strong investor appetite for ILS
Gallagher Re is on the verge of releasing a survey that shows a surge in investor appetite for insurance-linked securities, as observers project a near-record cat bond issuance for the first quarter.
…
…
Business
Bermuda Stock Exchange Report: April 30 2026
April 30 saw 17 shares trade on the Bermuda Stock Exchange, valued at $370.60 BD. 17 shares were traded by Allshores Limited, closing even at $24.00 per share. The BSX finished at 3,540.87, even on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day is available …
‘State Of Labour In Bermuda’ Report Released
The Ministry of Economy and Labour is marking International Workers’ Day with the release of Bermuda’s first State of Labour in Bermuda 2026 Flagship Report. A spokesperson said, “Observed annually on 1 May, International Workers’ Day is recognised in more than 80 countries and honours the contributions of workers while highlighting the global pursuit of …
Hamilton’s net income jumps to $133.5m
Hamilton Insurance Group today reported first quarter net income of $133.5 million, or $1.31 per diluted share, a rise of $53 million compared to the same period last year.
The firm reported operating…
The firm reported operating…
Butterfield shares jump 1.5% in New York
The Royal Gazette/BSX Index remained unchanged at 3,540.87 through the limited Bermuda Stock Exchange trading of 17 shares of Allshores, which closed at $24.
Butterfield Bank finished at $55.45 on the…
Butterfield Bank finished at $55.45 on the…
Powertranz accepting stablecoin payment
Clients of payment gateway Powertranz can now pay with stablecoin thanks to a new partnership with 1Money, the first vertically integrated financial stack.
Bermuda-headquartered Powertranz can now tak…
Bermuda-headquartered Powertranz can now tak…
Willis risk and broking business grows 2% in Q1
Willis Towers Watson’s first-quarter results point to steady but modest growth in the core broking and advisory business that is most relevant to Bermuda’s re/insurance sector.
Organic revenue growth …
Organic revenue growth …
Starr Bermuda Assigned A Rating From AM Best
Starr’s new Bermuda reinsurer, IQUW Re Bermuda Limited, today announced that global credit rating AM Best has upgraded its Financial Strength Rating to A [Excellent] and its long-term issuer credit to a+ [Excellent]. The outlook for both credit ratings is positive. A spokesperson said, “IQUW Re Bermuda Limited was initially assigned an A- rating from …
IQUW Re Bermuda upgraded by AM Best
AM Best has upgraded the financial strength rating of re/insurer Starr’s new Bermuda reinsurer, IQUW Re Bermuda, to A (excellent) and its long-term issuer credit to a+ (excellent).
The outlook for bot…
The outlook for bot…
Lancashire grows insurance book, pulls back on reinsurance
Lancashire Holdings wrote $668.4 million in gross written premiums in the first quarter of 2026, 6.1 per cent less than the same period last year.
The Bermudian-based firm wrote $71.3 million, or 14….
The Bermudian-based firm wrote $71.3 million, or 14….
Arch Capital Reports 2026 First Quarter Results
Arch Capital Group Ltd. announced its 2026 first quarter results, saying “we started the year on an excellent note, delivering an annualized operating return on average common equity of 15.4%, which reflects our disciplined approach to underwriting and capital allocation.” A spokesperson said, “Arch Capital Group Ltd. [ACGL] announces its 2026 first quarter results. The …
RenRe halves gold hedge
RenaissanceRe halved its investment in gold during the first quarter — a position that stood at $1.2 billion as of the end of last year.
The revelation came from Kevin O’Donnell, RenRe’s chief executi…
The revelation came from Kevin O’Donnell, RenRe’s chief executi…
BUILD Summit 2026 To Be Held May 6-7
The Urban Development Authority [UDA], in partnership with the Bermuda Economic Development Corporation [BEDC], has announced the return of its annual development conference, now rebranded as the BUILD Summit 2026 [Bermuda Urban Infrastructure & Land Development Summit]. A spokesperson said, “Formerly the BID Summit [Bermuda Infrastructure and Development Summit], the event’s new identity reflects an …
Fidelis Partnership Appoints David Woods
The Fidelis Partnership [TFP] has announced the appointment of David Woods as Ireland CEO. A spokesperson said, “The Fidelis Partnership [TFP] is today pleased to announce the appointment of David Woods as Ireland CEO. David has been with the business for almost a decade, serving first in Bermuda and then in London, and is currently Group …
Bermuda Stock Exchange Report: April 29 2026
April 29 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,540.87, 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: April 28 2026 Bermuda Stock Exchange Report: April 27 …
Everest profit surges to $653m
Everest Group has reported a sharp increase in first-quarter profits, as improved underwriting performance and lower catastrophe losses drove stronger returns.
The Bermudian-based global re/insurer po…
The Bermudian-based global re/insurer po…
Butterfield shares plunge 2.57%
The RG/BSX Index remained at 3,540.87 for another day in the absence of trading on the Bermuda Stock Exchange.
Meanwhile, Butterfield Bank slid down $1.44, or 2.57 per cent, on the New York Stock Exc…
Meanwhile, Butterfield Bank slid down $1.44, or 2.57 per cent, on the New York Stock Exc…
AI skills course back by popular demand
The Department of Workforce Development is reintroducing its AI Education Series 2026, featuring artificial intelligence expert and educator Amrita Bhalla of AB Consulting.
The virtual training initia…
The virtual training initia…
Allshores: merger has boosted profitability
Allshores recorded underlying earnings from operations of $62.4 million for 2025 — the insurer’s first financial year since the business was formed by the amalgamation of BF&M and Argus.
Operatin…
Operatin…
KBRA raises outlook on Bermuda’s long-term ratings
The outlook on Bermuda’s long-term credit ratings has been revised upward by KBRA, to positive from stable.
The ratings agency also affirmed the island’s long-term issuer ratings of A+ for Bermuda and…
The ratings agency also affirmed the island’s long-term issuer ratings of A+ for Bermuda and…
Mea Platform Partners With BMS Group
mea Platform, [re]insurance AI product company, announced that BMS Group, a leading independent global [re]insurance broker, has selected mea’s Broking Operations products to enhance placement efficiency and strengthen market leadership through digital transformation. A spokesperson said, “BMS is known for its specialist expertise, entrepreneurial culture, and strong global market presence across insurance, reinsurance, and capital …
Free Pharmacy Membership For Charles Names
In celebration of the upcoming royal visit, BDA Community Pharmacy is offering a free membership to everyone named Charles. A spokesperson said, “On April 30th and May 1st, all residents named Charles are invited to collect a free BDA Membership, designed to support healthier lifestyles and increase wellness savings. “This lighthearted promotion comes with serious …
Banyan Risk Appoints Dan Malloy
Banyan Risk has appointed insurance executive Dan Malloy as Executive Managing Director. A spokesperson said, “Banyan Risk Ltd [Banyan Risk], a specialty Managing General Agent [MGA] based in Bermuda, has announced the appointment of Dan Malloy as Executive Managing Director, as the business enters its next phase of growth and continues to scale its underwriting …
Bermuda Stock Exchange Report: April 28 2026
April 28 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,540.87, 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: April 27 2026 Bermuda Stock Exchange Report: April 24 …
Butterfield Reports First Quarter 2026 Results
The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended March 31, 2026. A spokesperson said, “Net income for the first quarter of 2026 was $62.6 million, or $1.53 per diluted common share, compared to net income of $63.8 million, or $1.54 per diluted common share, for the previous quarter and …
Nabors expands but posts $15m loss
Nabors Industries posted a first-quarter net loss of $15 million attributable to shareholders, a reversal from $10 million in net income recorded in the previous quarter.
Despite the loss, the Bermudi…
Despite the loss, the Bermudi…
Arch quarterly profit surges to $1b
Arch Capital recorded first-quarter earnings of $1 billion — nearly double the $564 million the company logged in the corresponding period of 2025.
The profit broke down to $2.88 per share, representi…
The profit broke down to $2.88 per share, representi…
RenRe rebounds to strong first quarter
Bermuda-based reinsurer RenaissanceRe reported a sharp recovery in profitability for the first quarter of 2026, benefiting from a benign catastrophe environment and robust underwriting performance.
Th…
Th…
Butterfield eyes more acqusitions as profit rises 16%
Butterfield today announced first-quarter net income of $62.6 million – up more than 16 per cent year over year.
Michael Collins, Butterfield’s chairman and chief executive officer, also signalled tha…
Michael Collins, Butterfield’s chairman and chief executive officer, also signalled tha…
Banyan hires Dan Malloy to drive growth
Specialist managing general agent Banyan Risk has hired industry veteran Dan Malloy to help drive its next phase of growth as its new executive managing director.
A long‑standing contributor to Banyan…
A long‑standing contributor to Banyan…
Butterfield climbs 0.5% on NYSE
The Royal Gazette/BSX Index remained at 3,540.87 in the absence of trading on the Bermuda Stock Exchange.
Meanwhile Butterfield rose 29 cents, or 0.52 per cent, on the New York Stock Exchange to close…
Meanwhile Butterfield rose 29 cents, or 0.52 per cent, on the New York Stock Exchange to close…
Elaine Whelan to retire as Conduit CFO
Conduit Holdings’ chief financial officer and executive director has announced her intention to retire.
Elaine Whelan will continue serving in her current roles to ensure a smooth transition until sh…
Elaine Whelan will continue serving in her current roles to ensure a smooth transition until sh…
LOM records $4.77m full-year profit
LOM Financial announced full-year 2025 profits of $4.77 million, or 97 cents a share, largely unchanged from 2024, and representing a 10 per cent net return on equity.
The investment firm reported tha…
The investment firm reported tha…
Watch: Bermuda start-up targets space insurance frontier
It was word of mouth that led to the incorporation of the latest Bermuda insurer aimed at providing solutions for the rapidly developing space economy.
Space engineers and insurance executives anticip…
Space engineers and insurance executives anticip…
Island exceeds expectations for Canadian accounting firm
Erkin Atakhanov set up an accounting firm in Bermuda to take advantage of what he saw as a bottleneck in the market.
“The service cost in Bermuda for captives and insurance companies is increasing,” h…
“The service cost in Bermuda for captives and insurance companies is increasing,” h…
Louise Ralston: Tackling hidden risks in everyday tech
Often when we think about cybersecurity threats, we tend to think of sophisticated attacks carried out by highly skilled, well-resourced hackers. But most incidents, in fact, begin closer to home, ex…
Fitch expects softening rates to hit island re/insurers’ results
Analysts at Fitch Ratings see accelerating softening of rates impacting the results of a group of five Bermudian-based re/insurers.
In a peer credit analysis featuring Arch Capital, Ascot, Hamilton, R…
In a peer credit analysis featuring Arch Capital, Ascot, Hamilton, R…
Driver arrested after crash leaves car on its side
A man was arrested on Monday morning after being involved in a collision that left a car on its side.
The Bermuda Police Service said that officers responded to a two-car crash at the roundabout conne…
The Bermuda Police Service said that officers responded to a two-car crash at the roundabout conne…
LOM Financial Reports 2025 Financial Results
LOM Financial Limited reported full year 2025 profits of $4,765,104 or $0.97 per share, which is “relatively unchanged from our 2024 profits of $4,744,812. A filing with the BSX stated, “Although our asset management and broking divisions experienced revenue growth, along with some notable gains in securities, these improvements were offset by a substantial rise …
Bermuda Stock Exchange Report: April 27 2026
April 27 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,540.87, 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: April 24 2026 Bermuda Stock Exchange Report: April 23 …
American Overseas slashes debt by 24%
American Overseas Group Ltd, the Bermudian-based insurance group, reported full-year consolidated net income of $10.8 million for 2025, up from $9.4 million a year earlier.
In the fourth quarter, the …
In the fourth quarter, the …
Butterfield inches lower on NYSE
The Royal Gazette/BSX Index closed unchanged on 3,540.87 on a day of no trading activity on the Bermuda Stock Exchange today.
The US-listed shares of Butterfield Bank edged lower by three cents, or 0….
The US-listed shares of Butterfield Bank edged lower by three cents, or 0….
PartnerRe announces James Beedle’s retirement
PartnerRe has announced the retirement of James Beedle, the chief executive officer of its Asia Pacific unit.
Mr Beedle served in the role for nearly a decade. The Bermudian-based reinsurer has appoin…
Mr Beedle served in the role for nearly a decade. The Bermudian-based reinsurer has appoin…
Applications open for BEDC incubator
The Bermuda Economic Development Corporation (BEDC) is now accepting applications for the eighth cohort of its Enterprise Bermuda Incubator programme.
Designed to support local entrepreneurs and small…
Designed to support local entrepreneurs and small…
Most insurers expect AI to transform business models
Six out of ten insurers expect artificial intelligence to significantly transform their business models within the next one to three years, according to a survey by AM Best.
Around two thirds of respo…
Around two thirds of respo…
Enterprise Bermuda Incubator Applications Open
The Bermuda Economic Development Corporation [BEDC] is now accepting applications for the 8th Cohort of its Enterprise Bermuda Incubator program. A spokesperson said, “Designed to support local entrepreneurs and small business owners in the early stages of their journey, this year’s program will run from July 2nd, 2026, through March 25th, 2027. “The Enterprise Bermuda …
Greenberg: AI triggers cyber ‘arms race’
Chubb chairman and chief executive Evan Greenberg has warned that artificial intelligence is fuelling an “arms race” in cyber-risk while at the same time reshaping how insurance is distributed, partic…
Charity offers support for employers on domestic abuse
Employers should play their part in helping staff who are victims of domestic abuse, as it is both a safety and productivity issue, according to the Centre Against Abuse.
The charity is rolling out th…
The charity is rolling out th…
Karen Beadle joins Aon‘s Bermuda captive office
Karen Beadle has joined Aon’s captive management office in Bermuda after more than five years at Granite Management Ltd.
After more than two decades in the captive insurance industry, the experienced …
After more than two decades in the captive insurance industry, the experienced …
Agam offers investment management platform
A new strategic partnership between Agam Capital and 1823 Partners is set to offer global insurers an integrated balance sheet and investment solution, with links to Bermuda’s reinsurance market and r…