Business

In a filing with the Bermuda Stock Exchange, Bermuda Aviation Services Limited reported total comprehensive income of $1.29 million for the year ended March 31, 2026. The filing stated, “We are pleased to report that Bermuda Aviation Services Limited [‘the Company’] and its group of subsidiaries [‘the Group’] delivered a resilient financial performance for the …

AM Best has affirmed the financial strength and credit ratings of Bermuda-based Top Layer Reinsurance Ltd., maintaining stable outlooks. The ratings agency said, “AM Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “aa-” [Superior] of Top Layer Reinsurance Ltd. [Top Layer] [Bermuda]. The …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, July 25th. On Saturday the Carnival Sunshine, the Norwegian Jewel, and the Vision of the Seas cruise ships are expected, on Sunday the Oleander container ship will arrive, on Monday the Fugro Discovery container ship, the …

AM Best has affirmed the financial strength and credit ratings of RenaissanceRe and its subsidiaries, maintaining positive and stable outlooks across the group. The ratings agency said, “AM Best has affirmed the Long-Term Issuer Credit Rating [Long-Term ICR] of “a-” [Excellent] and the Long-Term Issue Credit Ratings [Long-Term IRs] of RenaissanceRe Holdings Ltd [RenaissanceRe] [NYSE: …

The Bermuda Stock Exchange will close for the Cup Match public holidays on July 30 and 31, reopening on Monday, August 3. A spokesperson said, “The Bermuda Stock Exchange [BSX] advises that the BSX will be closed on Thursday, 30th July and Friday, 31st July 2026, for the Emancipation Day and Mary Prince Day [collectively …

Consumers paid 2.1% more in February 2026 than they did a year earlier for the basket of goods and services included in the Consumer Price Index [CPI]. A Government spokesperson said, “The Ministry of Economy and Labour released the February 2026 Consumer Price Index from the Department of Statistics today. “In summary, consumers paid 2.1 …

Bermuda Electric Light Company Limited [BELCO] has awarded $202,500 in scholarships and education grants to 20 Bermudian students. A spokesperson said, “Bermuda Electric Light Company Limited [BELCO] is proud to celebrate the next generation of Bermudian talent, announcing $202,500 in scholarship and education awards to 20 outstanding students this year. Front row: Wayne Caines, Gabriel …

The global Private Client & Trusts team has again been recognised in the Chambers High Net Worth 2026 guide, with Bermuda-based trust disputes lawyer Steven White earning a Band 3 ranking. A spokesperson said, “Our global Private Client & Trusts team is again recognised in the Chambers High Net Worth 2026 guide, with our co-head …

Clarien Trust Limited has been recognised in the Chambers High Net Worth Guide, an international guide to leading professional advisers serving high-net-worth individuals and families. A spokesperson said, “The recognition reflects the work of Clarien Trust’s trust and family office team in Bermuda, supporting individuals, families and their advisers with the planning, administration and oversight …

Chubb Limited reported second-quarter 2026 net income of $2.85 billion, or $7.30 per share, alongside core operating income of $2.84 billion, or $7.26 per share. A spokesperson said, “Chubb Limited [NYSE: CB] today reported net income for the quarter ended June 30, 2026 of $2.85 billion, or $7.30 per share, and core operating income of …

Fortitude Re announced that AM Best has revised its outlook to stable from negative and affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a” [Excellent] of Fortitude Reinsurance Company Ltd., Fortitude Life Insurance & Annuity Company and Fortitude International Reinsurance Ltd, insurance and reinsurance subsidiaries of FGH Parent, …

July 23 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 22 2026 Bermuda Stock Exchange Report: July 21 …

Carey Olsen earned 10 Band 1 rankings, including one for its Bermuda trusts and private wealth practice, in the Chambers High Net Worth 2026 guide. A spokesperson said, “Carey Olsen’s trusts and private wealth practice has maintained its leading position among offshore law firms in the Chambers High Net Worth 2026 guide, having achieved 10 …

Appleby announced the rankings for five of its offices and ten individual recognitions in the Chambers Global High Net Worth [HNW] GUIDE 2026, published earlier today. A spokesperson said, “The firm maintained its strong position across the leading offshore private wealth jurisdictions, with the Isle of Man retaining its Band 1 ranking and both the …

B-Mobile, Branded Realities and Somerset Cricket Club have launched the free Capture Selfie experience for Cup Match 2026, allowing fans to create and share personalized team-branded selfies while contributing to a live supporter leaderboard celebrating Bermuda’s biggest cricket rivalry. A spokesperson said, “B-Mobile, in partnership with Branded Realities and Somerset Cricket Club, has announced the …

The Bermuda Monetary Authority [BMA] is urging the public to exercise caution after learning that Bermuda residents were invited to an investment seminar, noting that “before committing funds, members of the public should carefully review all offering materials, seek independent professional advice where appropriate, and confirm whether the person or entity promoting the investment is …

RenaissanceRe Holdings reported strong second-quarter 2026 financial results. Kevin J. O’Donnell, President and Chief Executive Officer, said, “We delivered strong results in the second quarter, growing book value per common share by 5.7% to $264.77, with annualized return on average common equity of 24.0% and annualized operating return on average common equity of 20.1%. Each …

July 22 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 21 2026 Bermuda Stock Exchange Report: July 20 …

The Bermuda Monetary Authority [BMA] warned regulated entities about a fraudulent email demanding a payment for alleged regulatory breaches. A spokesperson said, “The Bermuda Monetary Authority [Authority or BMA] has been made aware of an email sent to a regulated entity purporting to be from the Authority and demanding payment for breaching a number of …