Correction
A story in today’s newspaper incorrectly stated that the stock price of the Bank of Butterfield fell 10.68 per cent on the New York Stock Exchange yesterday. In fact the price declined by 0.68 per cen…
Business
BSX Bell-Ringing Ceremony For Buttonwood Re
Mangrove Property Insurance Company marked the launch of its inaugural catastrophe bond, Buttonwood Re Ltd., with a bell-ringing ceremony at the Bermuda Stock Exchange. A spokesperson said, “Mangrove Property Insurance Company’s celebrated the launch of Buttonwood Re Ltd., Mangrove’s inaugural catastrophe [cat] bond, with a bell ringing ceremony at The Bermuda Stock Exchange [BSX] on …
BSX Index closes unchanged
The Royal Gazette/BSX Index held at 3,858.26 on the Bermuda Stock Exchange.
Devonshire Industries saw 50 shares change hands, ending the day price unchanged at $4.30.
Sixty-three Bermuda Press (Holdin…
Devonshire Industries saw 50 shares change hands, ending the day price unchanged at $4.30.
Sixty-three Bermuda Press (Holdin…
Bermuda Gas Thanks Emergency Responders
Following the collision involving a propane gas truck in the west end, Bermuda Gas said they are “incredibly grateful to report that no injuries were sustained by anyone involved” and extended their thanks to the “emergency personnel and members of the public who assisted at the scene of this accident.” Following the collision yesterday, a Bermuda …
Tree Tops II preschool marks 25 years
On one particularly hot morning at Tree Tops II Preschool in Southampton, a dinosaur bath was happening on the playground.
The children excavated a small depression in the ground, filled it with soapy…
The children excavated a small depression in the ground, filled it with soapy…
Butterfield Bermuda flies high with Private Jet Club
Bermudian-based aviation service Private Jet Club is partnering with the PGA Tour’s Butterfield Bermuda Championship, providing a group charter for 200 visiting professional golfers and their support …
Reduced catastrophe losses lift reinsurance first-half results
Bermuda’s leading reinsurers reported exceptionally strong underwriting results in the first half of the year, helped by lower catastrophe losses, although a credit ratings agency warned that more com…
Conduit Re Appoints Anthony Mongiello
Conduit Holdings has appointed Anthony Mongiello as Chief Operating Officer of Bermuda-based reinsurance business Conduit Re, succeeding Stuart Quinlan following his retirement earlier this year. A spokesperson said, “Conduit Holdings, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, is pleased to announce the appointment of Anthony Mongiello as Chief Operating Officer …
AXIS Capital Appoints Jim Rhyner
AXIS Capital has appointed Jim Rhyner as Head of North America Financial Lines, Programs and Canada, effective August 31. A spokesperson said, “AXIS Capital Holdings Limited [AXIS Capital] today announced the appointment of Jim Rhyner as Head of North America Financial Lines, Programs, and Canada, effective August 31. He will report to Head of North …
Banyan Risk Launches Marine Insurance Product
Banyan Risk Ltd. has launched a new US Inland Marine & Marine Property product with capacity provided by program partner Accredited Insurance Limited. A spokesperson said, “Banyan Risk Ltd, the specialty Managing General Agent [MGA], has launched a new US Inland Marine & Marine Property product, with capacity provided by program partner Accredited Insurance Limited. …
Bermuda Stock Exchange Report: August 20 2026
August 20 saw 113 shares trade on the Bermuda Stock Exchange, valued at $591.74 BD. 50 shares were traded by Devonshire Industries Ltd, closing at an even $4.30 per share, while the other 63 shares were traded by Bermuda Press [Holdings] Ltd, closing even at $6.50 per share. The BSX finished at 3,858.25, even on …
PJC Partners With Butterfield Championship
Private Jet Club [PJC] has partnered with the Butterfield Bermuda Championship for its 2026 PGA TOUR event at Port Royal Golf Course. A spokesperson said, “Private Jet Club [PJC] is partnering with the Butterfield Bermuda Championship, a PGA TOUR event, for its 2026 tournament at Port Royal Golf Course, with the relationship centred on player …
Viking Q2 earnings climb
Viking Holdings reported second-quarter net income of $587.7 million, up 33.8 per cent from a year earlier, as fleet growth and higher revenue per passenger cruise day lifted results.
Revenue rose 16….
Revenue rose 16….
Bank price dips 10.68%
The Royal Gazette/BSX Index held at 3,858.26 on the Bermuda Stock Exchange.
Devonshire Industries saw 50 shares change hands, ending the day price unchanged at $4.30.
Sixty-three Bermuda Press shares …
Devonshire Industries saw 50 shares change hands, ending the day price unchanged at $4.30.
Sixty-three Bermuda Press shares …
Transocean signs $300M contract for ultra-deepwater drillship
Transocean has announced a two-year binding letter of award for the Dhirubhai Deepwater KG2 drillship with the Oil and Natural Gas Corporation, India’s largest government-owned oil and gas explorer an…
Aegon reports half year income of $710.2m
Aegon has reported net income of €608 million (around $710.2 million) during the first half of the year compared to €606 million for the same period last year.
The operating result was €804 million, u…
The operating result was €804 million, u…
BermudAir adds nonstop South Caicos route from Newark
BermudAir is expanding its new Turks and Caicos network with twice-weekly non-stop flights between Newark and South Caicos from December 20.
The Bermudian-based airline said the seasonal service, subj…
The Bermudian-based airline said the seasonal service, subj…
NCL Announce 2028 Bermuda Sailings
Norwegian Cruise Line has opened bookings for its summer 2028 season, featuring more than 450 voyages across 20 ships, including sailings to Bermuda from New York, Boston and Philadelphia. As it pertains to the Bermuda sailings, the company’s announcement said, “NCL will sail for a fifth consecutive season from the City of Brotherly Love with …
Duncan Russell to leave Aegon
Duncan Russell will step down from the role of chief financial officer at Aegon, ahead of the firm’s planned move of its head office and legal seat to the United States.
The company announced that M…
The company announced that M…
Arch insurance appoints new head of transactional risk
Arch Insurance International has promoted Roger Moniz to head of transactional risk.
Mr Moniz is now responsible for growing Arch’s transactional risk portfolio, which provides coverage for representa…
Mr Moniz is now responsible for growing Arch’s transactional risk portfolio, which provides coverage for representa…
BMA Register Seven New Insurers In July
The Bermuda Monetary Authority [BMA] registered seven new insurers in July 2026, comprising of a Class 1, Class E, Class 3A and Class 2 insurer, two Collateralized insurers and an Agent. Hector Insurance Ltd. and West Grove Re, Ltd. were registered effective July 1, followed by Grove Re Ltd. on July 2 and Nephila Capital …
AM Best: Bermuda Dominant, Cayman Increasing
“While Bermuda continues to be the dominant offshore domicile, the Cayman Islands increased their share of the market in 2025,” according to a recent statement from AM Best. A spokesperson said, “The amount of annuity reserves ceded offshore continued to increase in 2025 and now represent more than half of ceded annuity reserves as companies manage …
AM Best Affirms Credit Ratings Of Assured
AM Best has affirmed the Financial Strength Rating of A+ [Superior] and the Long-Term Issuer Credit Rating of “aa” [Superior] of Assured Guaranty Re Overseas Ltd. [AGRO] [Bermuda] and said the outlook of these Credit Ratings is stable. A statement from the ratings agency said, “The ratings reflect AGRO’s balance sheet strength, which AM Best assesses …
Appleby Earns Citywealth Award Nominations
Appleby has been recognised in the 2027 Citywealth International Financial Centre Awards, with Claire Van Overdijk KC and Sam Williams shortlisted individually and the firm nominated for Law Firm of the Year in the Caribbean and Isle of Man categories. A spokesperson said, “Appleby is pleased to celebrate its recognition in the 2027 Citywealth International …
RFG For 1 Million Gallon Water Reservoir Work
The Government is inviting quotations from experienced contractors to refurbish a 1 million gallon Reservoir 1 in Prospect, which is 225ft long 33ft wide 26ft deep. The procurement notice was published by the Ministry of Public Works and Environment’s Works and Engineering Department, and the submission deadline is on September 23rd. The notice said, “This Request for Quotations …
Crisson Marks Rolex Boutique First Anniversary
Crisson Jewellers is marking the first anniversary of its flagship Rolex boutique at 31 Front Street, which officially opened on August 20, 2025. A spokesperson said, “Crisson Jewellers, the island’s official Rolex retailer, is marking the first anniversary of its boutique at 31 Front Street, which celebrated its official opening on August 20, 2025. “The …
Cayman gains ground on Bermuda in offshore life reinsurance
Bermuda is still the leading offshore domicile in life reinsurance but AM Best says it shed market share in 2025 while Cayman’s share increased, driven by new sidecars from the United States.
The rati…
The rati…
I Scream brings new scoop to the South Shore
A former Long Island pizza truck is helping to fill a void in the Warwick ice cream market.
Petrol station owner Teddy Terceira has opened I Scream, a new cold treat business, on a grassy patch dire…
Petrol station owner Teddy Terceira has opened I Scream, a new cold treat business, on a grassy patch dire…
Jeweller celebrates new beginning
Bermuda’s official Rolex dealer for more than a half century, Crisson Jewellers, is celebrating the first anniversary of its boutique at 31 Front Street, Hamilton.
The company moved into the former Ir…
The company moved into the former Ir…
Bermuda Stock Exchange Report: August 19 2026
August 19 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,858.25, 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: August 18 2026 Bermuda Stock Exchange Report: August 17 …
Assured Guaranty Re Overseas ratings affirmed
AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa” (Superior) of Assured Guaranty Re Overseas Ltd (Agro) (Bermuda). The outlook of these…
Jim Rhyner to lead Axis North American financial lines
Axis has made Jim Rhyner head of North America financial lines, programmes and Canada.
The post is effective August 31, with Mr Rhyner reporting to head of North America Mike McKenna. He will work out…
The post is effective August 31, with Mr Rhyner reporting to head of North America Mike McKenna. He will work out…
Banyan Risk releases new marine product
Banyan Risk, a specialty managing general agent, has launched an American marine product line.
The new offering targets four core segments: construction and infrastructure such as contractor’s equipme…
The new offering targets four core segments: construction and infrastructure such as contractor’s equipme…
Butterfield price falls
The RG/BSX Index was unchanged at 3,858.25 today, after no trading on the Bermuda Stock Exchange.
In New York, Butterfield slumped $2.14 or 3.48 per cent, closing at $59.33 on the New York Stock Excha…
In New York, Butterfield slumped $2.14 or 3.48 per cent, closing at $59.33 on the New York Stock Excha…
Clark: Cat models ‘in days, not months’ with AI
As Bermuda considers guardrails for artificial intelligence in financial services, catastrophe modeller Karen Clark & Co says AI could soon be updating the risk tools used by re/insurers and insur…
Camily Lovell awarded Duperreault Fellowship
The Duperreault Fellowship has announced Camily O Lovell as the recipient of this year’s $25,000 scholarship award.
Established in 2004 by the Duperreault family and the former ACE Group, the fellowsh…
Established in 2004 by the Duperreault family and the former ACE Group, the fellowsh…
Lorene Phillips Named Mentorship Award Finalist
Lorene Phillips has been named a finalist for the 2026 ISC Group Mentorship Excellence Award. ISC Group named Ms Phillips, Founder and CEO of Clarendon Wallace, and Jill Lankin of Zurich Insurance as the two finalists in the category. The Mentorship Excellence Award recognizes women who “has demonstrated outstanding commitment to guiding, supporting, and inspiring …
Taste Of Bermuda Set For Four-Day Festival
The City of Hamilton has unveiled the 2026 Taste of Bermuda programme, featuring four days of culinary experiences from October 8 to 11. A spokesperson said, “Hamilton’s most anticipated culinary weekend is back! Taste of Bermuda returns this October with four unforgettable days of bold flavours, immersive dining, and one-of-a-kind culinary experiences, as the City …
Truck driver arrested after three-way collision
A 64-year-old man was arrested for drink-driving after being involved in a three-way collision involving heavy trucks on Monday.
Police confirmed the truck driver, a Sandys resident, sustained injurie…
Police confirmed the truck driver, a Sandys resident, sustained injurie…
Phillips nominated for mentorship award
A local executive has been nominated for a prestigious British business honour.
Lorene Phillips, founder and chief executive of Clarendon Wallace, is one of two people shortlisted for the Insurance Su…
Lorene Phillips, founder and chief executive of Clarendon Wallace, is one of two people shortlisted for the Insurance Su…
Bryan Dooley: Insurance investors
Insurance stocks have had a nice run, maybe too nice.
As a group, the sector is up about 15 per cent since the end of May, as measured by the S&P Select Insurance Industry index, far exceeding the…
As a group, the sector is up about 15 per cent since the end of May, as measured by the S&P Select Insurance Industry index, far exceeding the…
Bermuda Stock Exchange Report: August 18 2026
August 18 saw 7,751 shares trade on the Bermuda Stock Exchange, valued at $451,900.00 BD. 7,351 shares were traded by Bank of N.T. Butterfield Ltd, closing up 0.8% at $60.00 per share, while another 400 shares were traded by Allshores Limited, closing even at $27.10 per share. The BSX finished at 3,858.25, up 0.75% on …
Bank price falls 2.3%
The Royal Gazette/BSX Index rose 28.78 points or 0.75 per cent, to end the day at 3,858.35.
Some 7,351 Butterfield shares were traded on the Bermuda Stock Exchange with the price rising 50 cents or 0….
Some 7,351 Butterfield shares were traded on the Bermuda Stock Exchange with the price rising 50 cents or 0….
BMA confirms 7 new insurance registrations in July
The Bermuda Monetary Authority confirmed seven new insurance registrations in July, with additions spanning a diverse range of operational structures.
The newcomers are: Hector Insurance (Class 1), We…
The newcomers are: Hector Insurance (Class 1), We…
Mark Pickering to join Conduit Re
Conduit Holdings, the ultimate parent company of Conduit Re, the Bermuda-based multi-line reinsurance business, has appointed Mark Pickering as chief financial officer as of November. Mark will join t…
Buttonwood Re rings the bell at BSX
The listing of Mangrove Property Insurance Company’s inaugural catastrophe bond on the Bermuda Stock Exchange has been celebrated with a bell-ringing ceremony at Exchange House on Pitts Bay Road.
Butt…
Butt…
Sue Crawford to lead distribution at Relm
Focused on emerging industries, Relm Insurance announced the appointment of Sue Crawford as senior vice-president, head of distribution, reporting to Shane Doyle, chief underwriting officer.
Based in…
Based in…
Miller expands Bermuda offering with senior appointment
Specialist re/insurance broker Miller Bermuda, has made Harry Vickers a senior director, property.
Miller Bermuda said Mr Vickers brought a wealth of experience across complex property risks, as well …
Miller Bermuda said Mr Vickers brought a wealth of experience across complex property risks, as well …
Conduit Appoints Mark Pickering As CFO
Conduit Holdings has appointed Mark Pickering as Chief Financial Officer effective November 30th. A spokesperson said, “Conduit Holdings, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, is pleased to announce the appointment of Mark Pickering as Chief Financial Officer [CFO] with effect from 30 November 2026. Mark will join the Board …
Premier at SALT Wyoming Blockchain Symposium
Policy proposals approved by Cabinet in May has resulted in legislation that is being prepared for Parliament that seeks to allow the Government to accept and invest in digital assets within a clear …