Business

Convex Group Limited has received in principle approval to launch Lloyd’s Syndicate 1987, which is planned to commence underwriting on 1st July 2026, subject to appropriate regulatory approvals. A spokesperson said, “With capacity to support the approved business plan provided by Convex, Syndicate 1987 will focus exclusively on long-tail specialty lines, deploying capacity across a …

May 28 saw 4,212 shares trade on the Bermuda Stock Exchange, valued at $100,908.00 BD. 4,212 shares were traded by Allshores Limited, closing up 0.8% at $24.00 per share. The BSX finished at 3,540.87, up 0.06% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

Carey Olsen Bermuda acted as joint lead counsel on the Bank of Butterfield’s US$1.8 billion acquisition of CIBC’s 91.7% stake in Caribbean Bank Limited. A spokesperson said, “Carey Olsen in Bermuda has acted as joint lead counsel to The Bank of N.T Butterfield & Son Limited [Butterfield] on its landmark US$1.8 billion acquisition of CIBC’s …

Vantage Drilling International reported a net income attributable to shareholders of approximately $0.4 million for the three months ended March 31, 2026, A spokesperson said, “Vantage Drilling International Ltd. reported a net income attributable to shareholders of approximately $0.4 million or $0.03 per diluted share for the three months ended March 31, 2026, based on …

May 27 saw 4,500 shares trade on the Bermuda Stock Exchange, valued at $107,100.00 BD. 4,500 shares were traded by Allshores Limited, closing up 11.7% at $23.80 per share. The BSX finished at 3,538.91, up 0.70% on the day. There was 1 advance, 0 declines, and 46 remained unchanged. The full report for the day …

May 26 saw 5,002 shares trade on the Bermuda Stock Exchange, valued at $106,548.00 BD. 5,002 shares were traded by Allshores Limited, closing down 11.3% at $21.30 per share. The BSX finished at 3,514.41, down 0.75% on the day. There were 0 advances, 1 decline, and 46 remained unchanged. The full report for the day …

Solstice has welcomed psychiatrist Dr Elizabeth Hathaway to its team. A spokesperson said, “Solstice is proud to welcome Dr Elizabeth Hathaway, a board-certified consultant psychiatrist who works with adults across the lifespan, with specialist expertise in geriatric psychiatry and psychodynamic psychotherapy. “Dr Hathaway joins Solstice at a time when more Bermudians are navigating anxiety, depression, …

Carnival completed a restructuring on May 7, unifying its dual-listed structure into Bermuda-registered Carnival Corporation Ltd. to simplify operations and support long-term growth. A statement from the company said, “On May 7, 2026, Carnival Corporation and Carnival plc unified our dual-listed company structure into Carnival Corporation Ltd., a Bermuda‑registered company with Carnival UK Ltd. [formerly …

May 25 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,540.87, 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: May 21 2026 Bermuda Stock Exchange Report: May 20 …

The CG Wellness Festival will be held on Saturday, May 30 at Albuoy’s Point from 10am to 4pm, with the free event set to feature fitness classes, live entertainment, the Gombeys and more. A spokesperson said, “Coralisle Group Ltd. [CG] has announced the rebrand of its longstanding corporate wellness programme, Zest Wellness, to CG Wellness, …

Everest Group has announced a definitive agreement to sell its Colombia insurance unit to American International Group [AIG]. A spokesperson said, “Everest Group, Ltd. [“Everest” or “the Company”] [NYSE: EG], a global specialty reinsurance and insurance leader, announced a definitive agreement to sell Everest Compañía de Seguros Generales Colombia S.A. to American International Group, Inc. …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, May 23rd. On Saturday the Independence of the Seas and the Norwegian Jewel cruise ships, the Brilliant Ace auto carrier and the Seapeak Oak container ship are expected, on Sunday the Oleander container ship will arrive, …

AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Rating of “a” [Excellent] of Lumen Re Ltd. [Lumen Re] [Bermuda]. The outlook of these Credit Ratings [ratings] is stable. The ratings agency said, “The ratings reflect Lumen Re’s balance sheet strength, which AM Best assesses as strongest, as …

May 21 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,540.87, even on the day. There were 0 advances, 0 declines, and 47 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories Bermuda Stock …