Business

BELCO has announced that the Fuel Adjustment Rate [FAR] will decrease effective tomorrow [April 1]. A spokesperson said, “Bermuda Electric Light Company Limited [BELCO] today advised that following approval by the Regulatory Authority of Bermuda, the Fuel Adjustment Rate will decrease effective April 1, 2026. “As of April 1, the FAR will decrease from 13.799 …

A Bermuda-style house built in 2025 was listed for $79.5 million in Florida, offering a newly constructed oceanfront estate with luxury amenities and expansive living space. The Christian Angle Real Estate said, “Spectacular New Oceanfront Estate on Billionaires Row – Introducing a newly constructed oceanfront compound on prestigious Billionaires Row, offering panoramic views of the …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, March 28th. On Saturday the Allura cruise ship is expected, on Sunday the Azamara Quest and the SS Grandeur cruise ships will arrive, and on Monday the Oleander container ship is scheduled to arrive. On Wednesday …

Conduit Holdings Limited has announced the appointment of Richard Lightowler, Peter Mullen, and Penny Shaw as Non-Executive Directors with effect from 26 March 2026. A spokesperson said, “Conduit Holdings, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, today announces the appointments of Richard Lightowler, Peter Mullen and Penny Shaw as Non-Executive …

The Bermuda Monetary Authority [BMA] has issued a prohibition order against Mr. Joakim Samuelsson. A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] today announces that it has issued a prohibition order against Mr. Joakim Samuelsson, pursuant to section 32H of the Insurance Act 1978 [Insurance Act], following the conclusion of an enforcement process …

March 26 saw 4,300 shares trade on the Bermuda Stock Exchange, valued at $98,900.00 BD. 4,300 shares were traded by Allshores Limited, closing even at $23.00 per share. The BSX finished at 3,297.15, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available …

Ten Bermuda College students will gain early exposure to [re]insurance careers through ABIR’s upcoming Risk Forum and a special pre-event briefing breakfast. A spokesperson said, “Ten highly engaged Bermuda College students have been given an exciting opportunity to jump-start their [re]insurance careers at the Association of Bermuda Insurers and Reinsurers’ [ABIR] Risk Forum next month. …

Whitney Institute Middle School has enhanced its Visual Arts programme after receiving nine MacBook Air laptops from Mailboxes Unlimited to support digital art and design learning. A Government spokesperson said, “Students at Whitney Institute Middle School have received a boost to their Visual Arts programme following a significant investment from a long-standing community partner. “Mailboxes …

March 25 saw 1,500 shares trade on the Bermuda Stock Exchange, valued at $34,500.00 BD. 1,500 shares were traded by Allshores Limited, closing up 5.5% at $23.00 per share. The BSX finished at 3,297.15, up 0.36%on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day is …

The Adult Education School [AES], supported by HSBC Bermuda, will host a free financial literacy workshop on banking basics this evening [March 25] at 6.00pm. A spokesperson said, “The Adult Education School, with the support of HSBC Bermuda, invites the public to its free financial literacy workshop focused on banking basics, taking place on Wednesday, …

Mosaic Insurance has restructured its Singapore and Dubai underwriting platforms to strengthen its global operating model, with CEO Benn Wilson relocating to Dubai. A spokesperson said, “Mosaic Insurance today announced a reorganization of two core underwriting hubs to align international resources and support its next phase of growth. “Under the restructure, CEO of Mosaic Singapore, …

Convex Group Limited announced that Stephen Catlin will step down as Chairman and become Founder and Life President, while Bobby Le Blanc has been appointed Chairman. A spokesperson said, “Convex Group Limited [“Convex”], the international specialty insurer and reinsurer, today announces that Stephen Catlin has decided to stand down as Chairman of the Board. He …

Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced today a number of promotions across its Bermuda and London offices. A spokesperson said, “This continues Ariel Re’s stated mission to be an ‘academy firm’, a place for ambitious [re]insurance professionals to learn and develop their careers. “This year’s …