Business

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 …

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 …

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 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 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. …

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 …

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 …

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 …

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 …

“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 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 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 …

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 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 …

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 …

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 …

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 …

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 …