Business

Appleby Bermuda is advising Wilton Re on its partnership with Sun Life Financial to form the Windsor Life reinsurance structure. A spokesperson said, “Appleby Bermuda is advising Wilton Re, a provider of in-force and reinsurance solutions, in its strategic reinsurance and asset management partnership with Sun Life Financial Inc., an international financial services organization in …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, September 12th. On Saturday the Carnival Venezia cruise ship and the Daedalus Leader auto carrier are expected, on Monday the Oleander container ship and the Independence of the Seas cruise ship will arrive, and on Tuesday …

AM Best has affirmed A [Excellent] and “a” [Excellent] ratings for Rembrandt Insurance Company, Ltd., with a stable outlook. The ratings agency said, “AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Rembrandt Insurance Company, Ltd. [Rembrandt] [Bermuda], a captive [re]insurer of Vitol …

Age Concern Bermuda is “calling for accessibility, responsiveness and direct consumer support to remain central to Bermuda’s proposed competition and consumer-protection reforms, as the public consultation on Promoting Competition and Market Fairness in Bermuda approaches its September 15 deadline.” A spokesperson said, “Age Concern welcomes the potential benefits of a stronger competition framework, including greater …

Fitch Ratings “expects strong growth in offshore life reinsurance to continue, with Bermuda remaining the dominant primary jurisdiction.” A statement from the organization said, “Offshore reserves ceded by U.S. life insurers have nearly doubled since 2020 to reach $1.3 trillion in 2025, with Bermuda accounting for 85% of the total, according to Fitch Ratings’ new …

September 10 saw 1,600 shares trade on the Bermuda Stock Exchange, valued at $93,280.00 BD. 1,600 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $58.30 per share. The BSX finished at 3,758.22, even on the day. There were 0 advances, 0 declines, and 43 remained unchanged. The full report for the …

Compre Group Holdings Limited has renewed its Renewable Loss Portfolio Transfer agreement with French insurer Wakam S.A. A spokesperson said, “Compre Group Holdings Limited [Compre], the Bermuda-domiciled international speciality reinsurance group, today announces it has renewed its Renewable Loss Portfolio Transfer agreement with French insurer Wakam S.A. [Wakam]. “The original transaction between Compre and Wakam …

September 9 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,758.22, even on the day. There were 0 advances, 0 declines, and 43 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Sept 8 2026 Bermuda Stock Exchange Report: Sept 4 …

Appleby has welcomed Bermudian lawyer Kilian Elkinson as a Senior Associate in its Dispute Resolution department. A spokesperson said, “Appleby is delighted to welcome Bermudian Kilian Elkinson, as a Senior Associate in its Dispute Resolution department, whose reputation for excellence continues to attract outstanding legal talent from Bermuda and beyond. “Kilian specialises in complex commercial …

Devonshire Recreation Club, Somerset Bridge Recreation Club, Pembroke Hamilton Club [PHC] and E Sports Bermuda graduated from BEDC’s Sports Club Business Planning Incubator, with each club receiving a $5,000 grant to help implement its business plan. A spokesperson said, “The Bermuda Economic Development Corporation [BEDC] celebrated the graduation of the second cohort of its Sports …

Mosaic Insurance has launched an AI Lab and Forward Deployed Engineer [FDE] Program as “part of a company-wide commitment to accelerating practical adoption of artificial intelligence across its business functions.” A spokesperson said, “Mosaic’s AI Lab is a new unit working across its businesses to develop and deploy in-house AI capabilities that improve day-to-day operations. …

PwC opened the 68th Rendez-Vous de Septembre in Monte Carlo with discussions on reinsurance market conditions, AI-driven transformation, capital and emerging growth opportunities. A spokesperson said, “PwC kicked off the 68th edition of Rendez-Vous de Septembre – the industry’s largest annual gathering – with its flagship Executive Breakfast at the Hotel Hermitage in Monte Carlo. …

Conduit Holdings has announced that Neil Eckert will step down as CEO in March 2027 and will be succeeded by Christian Dunleavy, who brings more than 25 years of reinsurance industry experience. A spokesperson said, “Conduit Holdings, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, today announces that Neil Eckert will …

AXIS Capital Holdings Limited unveiled a new brand campaign celebrating its 25-year history of providing specialty insurance and reinsurance solutions to customers. A spokesperson said, “The company was formed in the aftermath of the September 11 tragedy to address a void in the market for specialist capacity. Since its modest beginnings as a start-up, AXIS …

September 8 saw 5,000 shares trade on the Bermuda Stock Exchange, valued at $40,000.00 BD. 5,000 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.8% at $8.00 per share. The BSX finished at 3,758.22, down 0.03% on the day. There were 0 advances, 1 decline, and 42 remained unchanged. The full report …

Vantage Group Holdings Ltd. has appointed Yves Charbonneau as Chief Risk Officer, bringing nearly three decades of actuarial and enterprise risk experience across the insurance and reinsurance industries. A spokesperson said, “Vantage Group Holdings Ltd. today announced that Yves Charbonneau, FCAS, FCIA, has joined Vantage as Chief Risk Officer. He will serve as a member …

Bermudian Mahkai Foggo has launched Allure Relocations, which is “designed to make the transition from Bermuda to the UK smoother, more organized and less stressful for students, professionals and families.” “I wanted to create a service that takes away the guessing,” Ms Foggo told Bernews. “Moving to another country is a huge step, and there …

Cedar Trace Underwriting announced its entry into the Lloyd’s market with a new $300m syndicate for the 2027 underwriting year, following in-principle approval from the Lloyd’s Council at its meeting on 2nd September. A spokesperson said, “Led by Richard Holden, CUO, Cedar Trace, the syndicate will write a diversified reinsurance portfolio alongside a delegated direct …

Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, announced the launch of Novark, a new insurance management and securities administration platform designed to make insurance risk more accessible to capital. A spokesperson said, “Novark is the first platform to enable near real-time data updates on insurance investments, offering investors greater …