Bermuda News Updates

Badlands Security Company has acquired New York-based security integrator Cosmic Fischer, backed by Tucker’s Farm Corporation. A spokesperson said, “The Badlands Security Company [Badlands], backed by Tucker’s Farm Corporation [Tucker’s Farm], today announced the acquisition of Cosmic Fischer [Cosmic], a commercial security integrator that has served New York City since 1968. Terms were not disclosed. …

The Ministry of Home Affairs is “encouraging consumers and business service providers to ensure delivery expectations are mutually understood when engaging in business transactions.” A Government spokesperson said, “As reported by Consumer Affairs, there has been an uptick in the number of complaints involving services provided to consumers across a range of industries, and many …

Chubb announced the launch of Chubb Life Bermuda as “part of its strategy to deepen capabilities and expand its offering for private wealth clients.” A spokesperson said, “Chubb Life Bermuda, through Chubb Tempest Life Reinsurance Ltd. [Chubb Tempest Life], now offers direct life insurance solutions for high-net-worth individuals, including life protection, savings and investment-linked products. …

October 22 saw 200 shares trade on the Bermuda Stock Exchange, valued at $11,260.00 BD. 200 shares were traded by Bank of N.T. Butterfield Ltd, closing down 2.9% at $56.30 per share. The BSX finished at 3,653.35, down 2.61% on the day. There were 0 advances, 1 decline, and 44 remained unchanged. The full report …

Mosaic Insurance and MITRE have released a series of reports examining how frontier artificial intelligence is reshaping the economics of cyber risk. A spokesperson said, “Mosaic Insurance and MITRE, a non-profit organization that leads US federally funded research and development centers, today released a series of reports examining how frontier AI is reshaping the economics …