Business

Premier and Minister of Finance David Burt has signed a “protocol amending the Double Taxation Agreement [DTA] between the Government of Bermuda and the Government of the Kingdom of Bahrain,” the government announced A spokesperson said, “The protocol was signed on Friday, 17 April on the sidelines of the 2026 Spring Meetings of the International …

David Gibbons has been appointed as the incoming CEO of the network of PwC firms operating in the Caribbean, effective 1 July 2026. He said, “It’s a tremendous honour to serve as the next CEO, especially as we stand at a pivotal moment for professional services regionally and globally. With geopolitical tensions, evolving economies and …

Acrisure Re, the reinsurance division of global fintech leader Acrisure,  announced the integration of Acrisure’s Capital and Captives division, saying that it “brings more than 275 captive specialists across North America and Bermuda into a single platform, combining an established captive business with the capabilities of a leading specialist reinsurance broker.” A spokesperson said, “This …

Carnival Corporation & plc shareholders approved all resolutions at special and annual meetings, including plans to unify its dual-listed structure and redomicile to Bermuda. A statement from the company said, “Carnival Corporation & plc [NYSE/LSE: CCL; NYSE: CUK] announces that, in connection with the proposed unification of its dual-listed company structure and redomiciliation of Carnival …

In a filing with the Bermuda Stock Exchange, LOM Financial Limited announced a dividend. The full filing stated: “LOM Financial Limited, at a meeting of the Board of the Company held on 17 April 2026 announced: The Board of Directors have decided to pay a dividend of $0.08 per share on 8 May 2026 to …

April 21 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,598.44, 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: April 17 2026 Bermuda Stock Exchange Report: April 16 …

S&P Global Ratings has upgraded SiriusPoint’s core insurance subsidiaries to ‘A’ and its holding company to ‘BBB+’, citing improved capital strength, de-risked portfolios, and sustained underwriting performance. A spokesperson said, “S&P Global Ratings [S&P] has raised the long-term issuer credit and financial strength ratings on the core insurance operating subsidiaries of SiriusPoint Ltd [SiriusPoint or …

International and offshore law firm Ogier and Bermuda-based MJM have “entered into an alliance to better support clients with cross-border matters.” A spokesperson said, “This will enable the two firms to offer co-ordinated support and legal expertise across key international finance hubs. Building on their existing collaboration, Ogier and MJM will work together more closely on …

Bermuda has strengthened its standing as a leading international financial centre in the Global Financial Centres Index 39, rising 23 places to rank 57th globally and retaining first place in Latin America and the Caribbean. A spokesperson said, “Bermuda has further strengthened its position as a leading international financial centre in the latest edition of …

The Bermuda Monetary Authority [BMA] issued a prohibition order against Joakim Samuelsson following “extensive findings of regulatory breaches and failures in his conduct as a director, officer and controller of Custodian Life Limited [Custodian], a Bermuda-registered insurer.” A spokesperson said, “The prohibition order, issued pursuant to section 32H of the Insurance Act 1978 [the Act] and …

A small group of companies is pulling sharply ahead in the race to generate real financial returns from artificial intelligence, according to PwC’s new AI performance study: Want ROI from AI? Go for growth. A spokesperson said, “The global study interviewed 1,217 senior executives, primarily at large, publicly listed companies across 25 sectors, asking them …

LOM Financial Ltd. has announced the retirement of director Dennis Tucker and the appointment of financial services executive Rik Parkhill as an independent director, effective immediately. A spokesperson said, “LOM Financial Ltd. today announced that Mr. Dennis Tucker will be retiring from the boards of LOM Financial Limited and its regulated subsidiaries. The Board of …

The Government of Bermuda today announced the Public Service Career Fair & Expo, which will be held on Thursday, June 18 at Pier 6. A Government spokesperson said, “The event will feature career specific booths, access to information on training and apprenticeship programmes, virtual and in-person panel discussions and demonstrations, bringing together ministries and departments …

BELCO celebrated International Lineworker Appreciation Day with a special breakfast for its lineworkers, jointers, and fitters. A spokesperson said, “International Lineworker Appreciation Day honours the skilled, essential work performed by the men and women who keep the lights on, often at great personal sacrifice. For BELCO’s lineworkers, jointers, and fitters, the job does not stop …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, April 18th. On Saturday the Norwegian Jewel and the Valiant Lady cruise ships and the Gail Bhuwan spares ship are expected, on Sunday the Gail Bhuwan container ship will arrive, and on Monday the Oleander container …

AM Best has upgraded the Financial Strength Rating to A [Excellent] from A- [Excellent] and the Long-Term Issuer Credit Ratings to “a” [Excellent] from “a-” [Excellent] of the rated operating subsidiaries of SiriusPoint Ltd. The ratings agency said, “AM Best has upgraded the Financial Strength Rating to A [Excellent] from A- [Excellent] and the Long-Term …

April 17 saw 3,400 shares trade on the Bermuda Stock Exchange, valued at $154,350.00 BD. 1,900 shares were traded by Bank of N.T. Butterfield Ltd, closing at an even $56.00 per share, while the other 1,500 shares were traded by Watlington Waterworks Ltd, closing up 0.3% at $32.00 per share. The BSX finished at 3,598.34, …

Marsh has announced several promotions and new hires in its Bermuda operations, reinforcing its focus on talent development. A spokesperson said, “Marsh, a global leader in risk, reinsurance and capital, people and investments, and management consulting, today announced several personnel changes within its Bermuda operations, reinforcing Marsh Risk’s continued focus on nurturing and honoring exceptional …

Allied World Assurance Company Holdings, Ltd has announced a $4.3 million, five-year commitment to the St. Baldrick’s Foundation to accelerate lifesaving childhood cancer research. A spokesperson said, “This transformative investment will fund critical studies designed to improve the quality of life for children undergoing cancer treatment while supporting the next generation of pediatric cancer researchers. …

Conyers announced the appointment of David Stubbs as Head of Listing Services within its Bermuda Corporate Practice. A spokesperson said, “David is Counsel in Conyers’ Bermuda Corporate practice and brings extensive experience advising issuers of securities on the BSX. His practice focusses on securities listings across multiple asset classes, including international debt, equity, investment funds and …

April 16 saw 5,000 shares trade on the Bermuda Stock Exchange, valued at $59,400.00 BD. 2,000 shares were traded by Devonshire Industries Ld, closing up 30.0% at $6.50 per share, while another 2,000 shares were traded by Polaris Holding Co. Ltd, closing even at $7.25 per share. 1,000 shares were traded by Watlington Waterworks Ltd, …

BELCO said they “welcomed the Government of Bermuda’s update of Bermuda’s National Electricity Sector Policy [NESP] and supports the Government’s effort to provide clear, modern guidance for the sector.” BELCO President Wayne Caines said: “The NESP emphasis on affordability, reliability, and sustainability reflects the practical realities of operating an isolated island power plant and grid and …