Business

Following the delivery of the 2026 Budget by Premier David Burt in the House of Assembly, Deloitte released a ‘Budget Snapshot’, which highlights some of the key points from the Budget Speech, and follows in full below. You can click here to view all our coverage of the 2026 Budget. The 2026 Deloitte Bermuda Budget Snapshot is below [PDF …

Fidelis Insurance Group has announced an expansion of its capital management initiatives, including an increase in its common share repurchase authorization to $400 million and a quarterly dividend of $0.15 per share. A spokesperson said, “Fidelis Insurance Holdings Limited [NYSE:FIHL] [“Fidelis Insurance Group” or “the Company”], a strategic capital allocator and risk selector in specialty …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, February 21st. On Saturday the Carnival Dream cruise ship and the Orchid Ace auto carrier are expected, on Monday the Lettie PG oil products tanker will arrive, and on Tuesday the Oleander and the Somers Isles …

February 20 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,346.36, 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 …

The Bermuda Chamber of Commerce has announced that its 2026 Budget Breakfast & Economic Forum, sponsored by PwC Bermuda, sold out within hours of tickets being released. A spokesperson said, “The event, taking place on 23 February 2026 at the Hamilton Princess & Beach Club, builds on the longstanding success of the Chamber’s annual Budget …

February 19 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,346.36, 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: Feb 17 2026 Bermuda Stock Exchange Report: Feb 16 …

The Ministry of Health today announced that Grades for food establishments licensed 1 April 2025-31 Mar 2026 are now publicly available on the Government of Bermuda portal, Gov.bm. A Government spokesperson said, “Each year, Environmental Health Officers conduct inspections of restaurants, cafés, bars, grocery stores, and other food businesses to assess compliance with Bermuda’s food safety …

The Bank of N.T. Butterfield & Son Limited has entered into an agreement to acquire Rawlinson & Hunter in Guernsey, the independently owned Guernsey member firm of the Rawlinson & Hunter International Network. A spokesperson said, “The acquisition will further expand the Bank’s Channel Islands presence and strengthen its trust and fiduciary offering with the addition …

The Bermuda Business Development Agency [BDA] today announced a featured session at the Bermuda Risk Summit 2026 marking the 20-year anniversary of the industry cohort widely known as the “Class of 2005.” A spokesperson said, “The panel, “From Storms to Strength: The Class of 2005 Turns 20,” will bring together leaders whose companies emerged in …

“Pinion Insurance [Pinion], a newly formed specialty insurance platform, announced its official launch. The company will offer insurance capacity for Managing General Agents [MGAs] across the US, UK, and European markets through a fully-integrated innovative proprietary technology platform. A spokesperson said, “Founded by an experienced management team of Neil McConachie, Philip Vandoninck, and Laura Baird, …

WeSpeak Bermuda, the public-speaking charity dedicated to empowering women and teen girls to project their voices with confidence, has announced the launch of its Rise Corporate Series marking a significant milestone in the organisation’s continued growth and impact. A spokesperson said, “Designed in partnership with Dr. Jennifer Card, Dr. Crystal Clay, Gayle Gorman and Lorene …

The Athene Life Career Expo will take place on June 17 at Pier 6 on Front Street in Hamilton. A spokesperson said, “The Athene Life Career Expo is scheduled for June 17, 2026, at Pier 6, Front Street, Hamilton.” “Bermuda is a global [re]insurance hub, and the Athene Life Career Expo is part of our …

AM Best has commented that the Credit Ratings [ratings] of Cavello Bay Reinsurance Limited [Cavello Bay] [Bermuda], a subsidiary of Enstar Group Limited [ENSTAR] [Bermuda], are unchanged following Enstar’s announcement that it has entered into a definitive stock purchase agreement to acquire 100% of the shares of Accident Fund Holdings, Inc. [AF Group] from Blue …

February 17 saw 19,807 shares trade on the Bermuda Stock Exchange, valued at $443,900.60 BD. 400 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.7% at $52.07 per share, while another 19,407 shares were traded by Allshores Limited, closing up 3.8% at $21.80 per share. The BSX finished at 3,343.80, down 2.18% …

mea Platform, the AI-native insurance technology company, announced a $50 million minority growth equity investment from SEP, a leading investor in enterprise technology companies. A spokesperson said, “Since formation in 2021, mea has consistently driven the market for AI applied to the insurance industry. Demand is accelerating for mea’s products that rapidly improve combined ratios …

Freisenbruch Insurance Services Ltd. [FIS] announced that Carla Seely has rejoined the Company as Chief Operating Officer [COO], effective Monday, February 2. A spokesperson said, “Her appointment comes at a time of continued evolution within the insurance and financial services sector, as Freisenbruch proactively strengthens its leadership team during a period of market change. “Founded …

The Association of Bermuda International Companies [ABIC] congratulates Lombard Odier Trust [Bermuda] Limited on its 50 years of operations in Bermuda. A spokesperson said, “The Association of Bermuda International Companies [ABIC] congratulates its member company Lombard Odier Trust [Bermuda] Limited, Group Lombard Odier, regulated with the Bermuda Monetary Authority to do trust, corporate services and …

The Bermuda Stock Exchange [BSX], a wholly owned subsidiary of Miami International Holding, Inc., reported its 2025 year-end results, highlighting a record year for insurance-linked securities [ILS] listings. A spokesperson said, “BSX reported 209 new ILS listings in 2025, a 34.0% increase from 2024, bringing its total number of listings to 746 and accounting for …