Business

Agam Capital is advising one of the largest mutual life insurers in the United States, in the formation and launch of an incorporated segregated account company [ISA] as a Bermuda-domiciled Class E life and annuity reinsurer. A spokesperson said, “This strategic engagement leveraged Agam’s unique pALM analytical platform and differentiated capabilities to support the insurer …

The fifth annual Bermuda Risk Summit 2026 has concluded,  having welcomed 460 delegates, including 172 international attendees. A spokesperson said, “The fifth annual Bermuda Risk Summit 2026, hosted by the Bermuda Business Development Agency [BDA], brought together senior leaders for three days of high-level dialogue, market insight and strategic engagement that reinforced Bermuda’s position as a …

Carey Olsen Bermuda has advised Elliott Investment Management L.P. on the Bermuda law aspects of its engagement with Norwegian Cruise Line Holdings Ltd. A spokesperson said, “Carey Olsen has advised Elliott Investment Management L.P. [Elliott], a leading U.S. investment firm, on the Bermuda law aspects of Elliott’s engagement with Norwegian Cruise Line Holdings Ltd. [NCLH], …

Appleby has appointed Claire van Overdijk KC as Head of Private Client & Trusts in Bermuda. A spokesperson said, “Appleby is delighted to announce the appointment of partner Claire van Overdijk KC as Head of Private Client & Trusts in Bermuda. Claire is responsible for the firm’s contentious and non-contentious private client & trusts practice. …

AM Best has affirmed Coralisle Group Ltd.’s subsidiaries with A [Excellent] financial strength ratings and stable outlooks, citing strong balance sheet strength and solid operating performance. The ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” [Excellent] of the …

HSBC Bermuda confirmed that issues affecting some Visa Gold and Visa Classic credit card transactions linked to personal PayPal wallets have now been resolved following recent service interruptions tied to enhanced security controls. A spokesperson said, “Following the recent interruptions to some services attributed to the implementation of enhanced security controls, HSBC Bermuda confirms that …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, April 11th. On Sunday the Explorer II cruise ship, the GMT Germany discharge ship, and the Walther Herwig III ship are expected, on Monday the Oleander container ship and the Valiant Lady cruise ship will arrive, …

April 10 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,479.56, 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 …

Clarien Bank announced its 2026 corporate giving has exceeded $160,000, supporting a wide range of charitable organisations across the island through continued community investment. A spokesperson said, “Clarien Bank announced today its corporate giving for the year 2026, with donations surpassing $160,000 to a diverse group of charitable organisations. This year’s initiative reflects Clarien’s continued …

April 9 saw 400 shares trade on the Bermuda Stock Exchange, valued at $9,596.00 BD. 400 shares were traded by Allshores Limited, closing even at $23.99 per share. The BSX finished at 3,479.56, even on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day is available …

HSBC Bermuda provided an update following the recent interruptions to some services based on the implementation of additional security controls. A spokesperson said, “With the increase in global payment transparency requirements, it is necessary for HSBC to be able to screen both the payer and the payee as it pertains to cross-border transactions.” Tanya Bule, Head …

AM Best has affirmed the Financial Strength Rating of ‘A’ [Excellent] for Bermuda based Coralisle Group Ltd.’s life, health and property and casualty subsidiaries across Bermuda and the Caribbean. A spokesperson said, “Best also affirmed the Long-Term Issuer Credit Ratings of ‘a’ [Excellent] and ‘stable’ credit outlooks for the Group’s subsidiaries. “The ratings affirmations reflect …

The Fidelis Partnership has launched Mezura Capital Partners, a new Capital Solutions business based in Bermuda and led by Shireen Gammoh. A spokesperson said, “Pine Walk, the specialist MGA platform of The Fidelis Partnership [TFP], is pleased to announce the launch of Mezura Capital Partners [Mezura Capital], a new Capital Solutions business. “Headquartered in Bermuda, …

April 8 saw 600 shares trade on the Bermuda Stock Exchange, valued at $32,400.00 BD. 600 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.9% at $54.00 per share. The BSX finished at 3,479.66, up 1.68% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report …

Auto Solutions, Hyundai’s distributor in Bermuda, has been awarded for the highest sales growth in its category at the brand’s annual convention. A spokesperson said, “Hyundai Motor Central & South America celebrated in March in Panama its “Annual Convention”, gathering the distributors of the region to present updated information on the brand’s operation and to …