Business

June 22 saw 2,229 shares trade on the Bermuda Stock Exchange, valued at $56,594.50 BD. 2,229 shares were traded by Allshores Limited, closing up 6.3% at $25.49 per share. The BSX finished at 3,705.20, up 0.40% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

AM Best revised its outlook on Nuclear Electric Insurance Limited and its subsidiaries, including Bermuda-based Cedar Hamilton Limited, to positive from stable. The ratings agency said, “AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a+” [Excellent] of …

AM Best affirmed the ratings of Convex Group’s insurance and reinsurance subsidiaries, citing the group’s very strong balance sheet, improving underwriting performance and stable outlook. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a” [Excellent] of Convex Re Limited [CRL] [Bermuda], …

Allshores announced today that “the Board has determined to return up to BMD$20.0 million to eligible Shareholders by way of a Tender Offer.” In a filing with the BSX, the company said, “Allshores Limited [the “Company”] announces today that the Board has determined to return up to BMD$20.0 million to eligible Shareholders by way of …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, June 20th. On Saturday the Independence of the Seas and the Norwegian Jewel cruise ships, the SSV Tabor Boy ship and the Grendi Futura bunkers ship are expected, on Sunday the Jasper Arrow auto carrier and …

Arch Capital Group announced the promotions of Jerome Halgan to CEO of Arch Global Reinsurance Group and Michael Schmeiser to CEO of Arch Global Mortgage Group. Both will continue to report to Arch President Maamoun Rajeh. A spokesperson said, “Jerome and Michael are experienced leaders who are deeply grounded in Arch’s underwriting culture and corporate …

AM Best affirmed the ratings of PT Asuransi Astra Buana, saying “the ratings also factor in a neutral impact from Asuransi Astra’s ultimate parent, Jardine Matheson Holdings Limited [Bermuda].” The ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A- [Excellent], the Long-Term Issuer Credit Rating of “a-” [Excellent] and the …

June 19 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,690.51, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories Bermuda Stock …

June 18 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,690.51, 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: June 16 2026 Bermuda Stock Exchange Report: June 12 …

“Bermuda’s boardrooms are facing a widening governance gap between the pace of artificial intelligence [AI] investment and their capacity to oversee it,” according to PwC’s Caribbean Corporate Governance Survey 2026 – Bermuda Edition. A spokesperson said, “The survey, which outlines four board priorities for the future, reveals that while 62% of directors agree their organizations’ …

The 2026 Athene Life Career Expo brought together more than 500 students, graduates and professionals to explore careers in Bermuda’s growing life and annuity reinsurance industry. A spokesperson said, “More than 500 students, recent graduates and seasoned professionals attended the 2026 Athene Life Career Expo.” “This was the fourth year of the Athene Life Career …

Skyport is seeking expressions of interest from companies to “operate and maintain two full-service common use VIP Lounges at the airport.” A spokesperson said, “Bermuda Skyport Corporation Limited [Skyport], developer and operator of L.F. Wade [Bermuda] International Airport under a thirty-year agreement with the Government of Bermuda, wishes to invite participation from qualified and reputable …

Polaris Holding Company Ltd. announced a $0.05 per share dividend. In a filing with the Bermuda Stock Exchange, Polaris said, “Please accept this notification that a dividend in the amount of BD $0.05 per share has been declared and approved by the board of directors of the Company, payable on 30 June 2026, to the shareholders …

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” [Excellent] of Vantage Risk Ltd. [Bermuda] and its affiliates, Vantage Risk Specialty Insurance Company and Vantage Risk Assurance Company [both domiciled in Wilmington, DE], which do business as Vantage …

AM Best has affirmed the Financial Strength Rating of B++ [Good] and the Long-Term Issuer Credit Rating of “bbb” [Good] of Mozart Insurance, Ltd. [Mozart] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Mozart’s balance sheet strength, which AM Best assesses as very strong, as well as …

AXIS Capital Holdings Limited has appointed Pradip Patiath to its Board of Directors, effective June 15, 2026. Mr. Patiath will join the Board, where he will serve on its Risk and Human Capital and Compensation Committees. “Pradip is recognized as one of the foremost thinkers and practitioners in digital strategy in the financial services sector. He …

Bermuda Container Line Ltd. has announced the retirement of Chairman John Wight after 15 years of service, with Deputy Chairman George Hutchings elected to take over the role. A spokesperson said, “Bermuda Container Line Ltd. [“BCL”] announced today the retirement of John Wight as Chairman of the company’s Board of Directors. Mr. Wight had served …

The Government of Bermuda’s Public Service Career Fair & Expo will be held at Pier Six tomorrow [June 18], highlighting career opportunities, training programmes and advancement pathways across the public service. A Government spokesperson said, “Tomorrow [June 18] the Government of Bermuda’s Public Service Career Fair & Expo will take place tomorrow at Pier Six, …

Everest Group, Ltd. announced that it has partnered with Stone Point Insurance Solutions to launch Annapurna Re Ltd., a Bermuda-based casualty reinsurance sidecar. A spokesperson said, “Funds managed by Stone Point will serve as the inaugural, anchor investors in this multi-year vehicle. “As part of the transaction, Annapurna is expected to deploy approximately $600 million …

Seadrill Limited announced the pricing of a $700 million offering of 6.750% Senior Notes due 2034. A spokesperson said, “Seadrill Limited announced today that Seadrill Finance Limited, an exempted company limited by shares incorporated under the laws of Bermuda and a wholly owned subsidiary of Seadrill has priced its offering pursuant to Rule 144A and …