Business

Carey Olsen Bermuda is inviting law students, recent graduates, and anyone interested in pursuing a career in law to attend a student reception and open house on Tuesday 18 August 2026. A spokesperson said, “Attendees will have the opportunity to meet the Carey Olsen team, learn more about the firm’s culture and career opportunities, and …

Digicel Holdings Limited announced that Fitch Ratings has upgraded Digicel International Finance Limited’s Long-Term Issuer Default Rating to ‘B+’ from ‘B’, with a stable outlook. A spokesperson said, “Digicel Holdings Limited today announced that Fitch Ratings has upgraded Digicel International Finance Limited’s Long-Term Issuer Default Rating to ‘B+’ from ‘B’, with a stable outlook. “Fitch …

SiriusPoint reported $69 million in second-quarter net income and $168 million for the first half of 2026, with continued growth in core gross written premiums. A spokesperson said, “SiriusPoint Ltd. [SiriusPoint or the Company] [NYSE:SPNT], a specialty underwriter, today announced results for its second quarter ended June 30, 2026. Second Quarter 2026 Highlights Net income …

AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICRs] of “a+” [Excellent] of QBE Europe SA/NV [Belgium], QBE UK Limited [United Kingdom], QBE Capital [Global] Ltd. [Bermuda], QBE Capital Ltd. [Bermuda] and the pooled members of QBE North America Insurance Group. These companies are key …

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of Nissan Global Reinsurance, Ltd. [NGRe] [Hamilton, Bermuda]. The ratings agency said, “The Credit Ratings [ratings] reflect NGRe’s balance sheet strength, which AM Best assesses as very strong, …

[Opinion column written by Michael Fahy] Every government says the same thing about work permits, namely ”Bermudians first.” That is the right principle, but principles without competence are just slogans. Right now Bermuda’s work permit policy is failing on three counts. It is too slow, too opaque, and it is not delivering the jobs for Bermudians it promises. The result? Businesses can’t hire, essential services are stretched, …

Banyan Risk launched a new Digital Assets & Emerging Risks product in Bermuda, backed by underwriting capacity from QBE Lloyd’s Syndicate 1886 and other Lloyd’s support. A spokesperson said, “Banyan Risk Ltd [‘Banyan Risk’], the specialty Managing General Agent [MGA], has today launched a new Digital Assets & Emerging Risks product in Bermuda, with underwriting …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, August 1st. On Saturday the Independence of the Seas, the Norwegian Jewel and the Carnival Venezia cruise ships are expected, on Sunday the Oleander container ship will arrive, and on Monday the Norwegian Aqua and the …

The Inverurie Executive Suites, a 15-room waterfront boutique hotel in Paget, has been listed for sale with Sotheby’s International Realty for $5 million. The listing says, “A rare opportunity to acquire a premier waterfront boutique hotel of roughly 13,000 SF in Bermuda. The Inverurie Executive Suites is a stylish and modern hotel ideally centrally located …

Everest Group Ltd. reported its second quarter 2026 results. A spokesperson said, “Everest delivered a strong quarter driven by meaningful contributions from both underwriting income across our Core businesses and investments resulting in an annualized total shareholder return of 16.8%. The results this quarter show the strength of the franchise we have built and the benefits …

PartnerRe Ltd. reported first-half 2026 net income of $447 million, supported by strong underwriting performance and higher net investment income. A spokesperson said, “PartnerRe Ltd. today reported first half 2026 results Highlights Gross premiums written of $5.42 billion Non-life gross written premiums of $4.10 billion Life and Health gross written premiums of $1.32 billion Net …

RenaissanceRe Holdings Ltd. has declared a quarterly dividend of $0.41 per share and renewed its share repurchase program with a total authorization of up to $750 million. A spokesperson said, “The Board of Directors of RenaissanceRe Holdings Ltd. announced today a quarterly dividend of $0.41 per common share on its common shares. The dividend is …

Arch Capital Group Ltd. announced its 2026 second quarter results, saying “we delivered a strong quarter, driven by solid underwriting performance across our three segments, reflecting the continued strength of our diversified platform and disciplined execution across the enterprise.” A spokesperson said, “Arch Capital Group Ltd. announces its 2026 second quarter results. The results included: “Net income …

July 29 saw 2,800 shares trade on the Bermuda Stock Exchange, valued at $78,700.00 BD. 2,800 shares were traded by Allshores Limited, closing up 3.3% at $28.00 per share. The BSX finished at 3,754.81, up 0.24% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

BELCO is advising that a fraudulent email is being distributed to members of the public. BELCO’s Director of Communications & Corp. Strategy Krista Barnes said, “Bermuda Electric Light Company Limited [BELCO] has advised that a fraudulent email is being distributed and should be deleted. “The e-mail, supposedly sent from BELCO’s Customer Service Team, asks recipients …

July 28 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,745.99, even on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: July 27 2026 Bermuda Stock Exchange Report: July 24 …

July 27 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,745.99, 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: July 24 2026 Bermuda Stock Exchange Report: July 23 …

The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended June 30, 2026. A spokesperson said, “Net income for the second quarter of 2026 was $46.9 million, or $1.16 per diluted common share, compared to net income of $62.6 million, or $1.53 per diluted common share, for the previous …