Bermuda News Updates

The Bermuda Government is seeking a contractor to carry out interior and exterior painting work at Gibb’s Hill Lighthouse in Southampton. According to the Government procurement notice, the work will include “interior and exterior surface preparation to the cast iron lighthouse and ancillary components including landings, ceilings, balcony, railings, roof, exterior utility room, and adjoining …

International General Insurance Holdings Ltd. [IGI] announced the launch of Bermuda-based Cipher Underwriting Ltd, a specialty treaty reinsurance managing general agent [MGA] established to provide dedicated cyber treaty underwriting expertise and solutions on a global basis. A spokesperson said, “The commencement of Cipher’s operations remains subject to applicable regulatory approvals, including the registration and licensing …

Aircare Ltd. is recognising apprentice Miguel Falcao as he begins his third year with the Company after graduating from Bermuda College with a Diploma in HVAC Technology. A spokesperson said, “Miguel joined Aircare in July 2024 while studying Heating, Ventilation and Air Conditioning [HVAC] Technology at Bermuda College, combining his studies with hands-on industry experience. …

A composite of AM Best-rated U.S. and Bermuda reinsurers generated a fifth-straight year of underwriting profitability, even as premium growth fell sharply, according to a new AM Best report. A spokesperson said, “The Best’s Market Segment Report, “US and Bermuda Reinsurers Maintain Strong Performance Despite Softening Market,” is part of AM Best’s look at the …

Chelsea Football Club announced a partnership with Circle Internet Group, with the technology company — that has a subsidiary that operates a digital asset business in Bermuda – to be the official front-of-shirt partner for the Premier League football team for the 2026/27 season. A spokesperson said, “Chelsea Football Club today announces a landmark partnership with Circle Internet …

August 31 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 3,750.77, even on the day. There were 0 advances, 0 declines, and 43 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: August 28 2026 Bermuda Stock Exchange Report: August 27 …

The “continued resilience and strength of Bermuda global [re]insurance market was recently highlighted by two important publications,” ABIR said. A spokesperson said, “The Association of Bermuda Insurers and Reinsurers’ [ABIR] 2025 Global Underwriting Report revealed gross premiums for Bermuda’s leading [re]insurers reached an all-time high of $197.5 billion for the financial year ended 2025. In …

Bermuda commercial [re]insurers incurred US$1.34 trillion in gross claims costs globally between 2016 and 2025, according to data drawn from Bermuda Monetary Authority [BMA] statutory filings and periodic claims surveys. A spokesperson said, “Bermuda commercial [re]insurers incurred US$1.34 trillion in gross claims costs to policyholders and cedants globally during the ten-year period from 2016 to …