Business

August 27 saw 5,024 shares trade on the Bermuda Stock Exchange, valued at $135,634.14 BD. 5,024 shares were traded by Allshores Limited, closing even at $27.00 per share. The BSX finished at 3,857.27, even on the day. There were 0 advances, 0 declines, and 46 remained unchanged. The full report for the day is available …

Polaris Holding Company Ltd. has announced Ayr Cannonier and Zanna Minors as the recipients of its 2026 Education Award. A spokesperson said, “Polaris Holding Company Ltd. is pleased to announce the recipients of the 2026 Polaris Holding Company Ltd. Education Award [PHCLEA]. Recipients of the PHCLEA, Ayr Cannonier and Zanna Minors are being recognised for …

“Bermuda and, to a lesser extent, the Cayman Islands, have gained popularity among ceding companies amid increased demand for retirement solutions, as well as the need for reinsurance to serve as a capital and risk management tool,” according to A.M. Best. A statement from the ratings agency said, “A new AM Best report notes an increased level …

August 26 saw 6,150 shares trade on the Bermuda Stock Exchange, valued at $171,357.50 BD. 50 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $60.00 per share, while another 6,100 shares were traded by Allshores Limited, closing down 3.6% at $27.00 per share. The BSX finished at 3,857.27, down 0.25% on …

Aircare Ltd. is celebrating its 40th anniversary with special customer promotions and 40 hours of community service throughout 2026. A spokesperson said, “Aircare Ltd. is celebrating 40 years in business and has announced that the Company will be offering special deals and promotions for customers during 2026. “Aircare was founded in April 1986 and has …

Consumers paid 2.4% more in March than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the Department of Statistics’ March 2026 Consumer Price Index. “In summary, consumers paid 2.4 per cent more …

Bermuda Motors has introduced the all-electric Kia PV5 Cargo to the island, offering “a new practical and modern commercial vehicle option.” A spokesperson said, “Bermuda Motors is introducing the new all-electric Kia PV5 Cargo to Bermuda, bringing local businesses a new practical and modern commercial vehicle option. “Designed from the outset as an electric vehicle, …

August 25 saw 1,341 shares trade on the Bermuda Stock Exchange, valued at $36,509.30 BD. 1,341 shares were traded by Allshores Limited, closing up 3.7% at $28.00 per share. The BSX finished at 3,867.07, up 0.25% on the day. There was 1 advance, 0 declines, and 45 remained unchanged. The full report for the day …

INTX Insurance Software announced the “continued expansion of the INTX [Re]Insurance Operating System within Xitus Re Ltd., the Bermuda-based P&C runoff reinsurer, as Xitus expands across increasingly complex portfolios, transaction structures and jurisdictions.” A spokesperson said, “At the center of Xitus’ assumed reinsurance operations is INTX Re, INTX’s purpose-built assumed reinsurance platform. INTX Re supports …

Disney Cruise Line has announced plans for cruises to Bermuda in 2027 and 2028 programme, including voyages aboard the Disney Wish and the Disney Fantasy ships. The announcement said the Disney Wish will arrive in New York in late September 2027, marking the cruise line’s return to the city for the first time since 2023. …

Sun Life Financial Inc. and Wilton Re have “entered into a definitive agreement to establish a strategic reinsurance and asset management partnership.” A spokesperson said, “This partnership will combine Wilton Re’s liability management expertise with Sun Life’s insurance and asset management capabilities. “Wilton Re will establish Windsor Life Re, a U.S. and Bermuda–domiciled reinsurer supporting …

BELCO has clarified how the new rates are applied to customers’ billing cycles, including those with solar. In response to queries from Bernews –  as someone had expressed concern saying their latest bill covered a period that spanned a time before August 1st however they were charged the full new monthly amount rather than a prorated …

August 24 saw 1,200 shares trade on the Bermuda Stock Exchange, valued at $32,510.00 BD. 1,200 shares were traded by Allshores Limited, closing down 0.4% at $27.00 per share. The BSX finished at 3,857.27, down 0.03% on the day. There were 0 advances, 2 declines, and 44 remained unchanged. The full report for the day …

HSBC Bermuda announced the “rollout of a new fleet of ATMs across the island, representing a significant investment in enhancing customers’ everyday banking experience. ” A spokesperson said, “The upgraded machines deliver faster, more reliable self-service banking through improved technology and expanded functionality, making routine transactions easier and more convenient. “The new ATMs feature advanced …

The Bermuda Monetary Authority [BMA] has published a consultation paper on proposed Insurance [Internationally Active Insurance Group Supervision] Rules 2026. A spokesperson said, “The paper highlights the Authority’s commitment to supervising the insurance sector and developing a regulatory framework that adequately addresses the nature and level of risks present in the global market. The BMA …

Marquette University has announced that Bermuda will be one of the destinations for its study abroad offerings, with an Insurance Leadership Program scheduled to take place on the island in March 2027. The programme, organised through the Wisconsin-based University’s College of Business Administration, will give students an opportunity to learn about Bermuda’s insurance and reinsurance …

Carey Olsen announced that Laura Kearns has been promoted to partner within the firm’s trusts and private wealth practice in Bermuda. A spokesperson said, “Laura’s practice covers all aspects of trust law, including trust establishment and administration, restructurings and variations, and related regulatory matters. She advises both trustees and beneficiaries on non-contentious restructurings and blessing applications before …

Arch Insurance International announced the promotion of Roger Moniz to Head of Transactional Risk, effective immediately. A spokesperson said, “In his new role, Moniz is responsible for growing Arch’s transactional risk portfolio, which provides coverage for representations and warranties, warranty and indemnities, and tax insurance risks across Arch’s international platform. “Based in Bermuda, he underwrites …

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, August 22nd. On Saturday the Carnival Venezia and the Norwegian Jewel cruise ships are expected, on Sunday the Amaryllis Knutsen container ship and the Oleander container ship will arrive, and on Monday the Norwegian Aqua and …