business and finance

AXA XL Announces Insurance P&C Leaders

AXA XL announced that Mark Flanagan has been appointed to the new role of Head of Property & Casualty, Bermuda. A spokesperson said, “AXA XL announced today that Mark Flanagan has been appointed to the new role of Head of Property & Casualty, Bermuda. “Mr. Flanagan, who reports to Noel Pearman, Chief Underwriting Officer, Bermuda […]




business and finance

Robinson Perinchief Appointed Credit Union CEO

The Bermuda Credit Union Co-op. Society announced that Ryan Robinson Perinchief was appointed Chief Executive Officer and General Manager. A spokesperson said, “The Bermuda Credit Union Co-op. Society today announced that Ryan Robinson Perinchief was appointed Chief Executive Officer & General Manager of the Credit Union earlier this year, taking over from Micah Davis who […]




business and finance

Trott & Duncan Appoint Rakaya Simmons-Landy

Trott & Duncan Limited appointed Rakaya Simmons-Landy as its new qualified litigation associate. A spokesperson said, “Trott & Duncan Limited [T&D], a Bermuda-based law firm known for its unparalleled dedication to legal excellence and client service, is thrilled to announce the official appointment of Rakaya Simmons-Landy as the firm’s newest qualified litigation associate. Ms. Simmons-Landy, […]




business and finance

Botelho Wood Appoints Rodrigues & Masters

Botelho Wood Architects has appointed Krystal Rodrigues and Lisamarie Masters as partners. A spokesperson said, “The partners of Botelho Wood Architects – Germano Botelho, Ted Wood, and Jason Mackertich – are pleased to announce the appointment of two new partners: Krystal Rodrigues and Lisamarie Masters. “We celebrate these individuals for their demonstrated leadership and valuable […]




business and finance

Arch Capital Appoints Nicolas Papadopoulo

Arch Capital Group Ltd. appointed Nicolas Papadopoulo as CEO and Board member, effective immediately, following Marc Grandisson’s retirement. A spokesperson said, “Arch Capital Group Ltd. [NASDAQ: ACGL, Arch, our or the Company] today announced that Nicolas Papadopoulo has been named Chief Executive Officer and is joining the Board of Directors effective immediately. Papadopoulo has held […]




business and finance

Jerry Rivers To Retire From Everen Specialty

Everen Specialty Limited announced that Jerry Rivers, Senior Vice President, and Chief Operating Officer, will retire on March 31, 2025. John Talarico, Everen Specialty’s Chair, stated, “On behalf of the Board of Directors, the management team, and all of Everen Specialty’s employees, I want to thank Jerry for his dedicated service over the past 19 […]




business and finance

Conyers Welcomes Collis & MacLeod

Conyers has welcomed Bermudian lawyers Celine Collis and Matthew MacLeod to the firm. A spokesperson said, “Conyers is pleased to announce the continued growth of its market leading Bermuda corporate practice with the recruitment of two additional Bermudian lawyers. Conyers welcomes associates Celine Collis and Matthew MacLeod to the firm. “Celine Collis joins Conyers from Reed […]




business and finance

LOM Financial Promotes Makeba Outerbridge

LOM Financial announced that Makeba Outerbridge has been promoted from Senior Investment Advisor to Assistant Vice-President Investments. “Makeba’s appointment is a testament to her outstanding contributions to the firm and dedication to delivering exemplary service and results for LOM’s clients,” said Michael Greaves, Global Head of Advisory. The spokesperson said, “Since joining LOM Financial in […]




business and finance

Fidelis Declares $0.10 Dividend Per Share

Fidelis Insurance Group declared a $0.10 per share dividend, payable by December 20, 2024. In a filing with the BSX, the company said, “Fidelis Insurance Holdings Limited [NYSE:FIHL] [“Fidelis Insurance Group” or “the Company”], a global specialty insurer, announced today that its Board of Directors has approved and declared a dividend of $0.10 per share, […]




business and finance

RiverStone Completes Transfer Deal With QBE

RiverStone International announced that the previously disclosed agreement with QBE to provide a Loss Portfolio Transfer reinsurance [LPT] for various QBE subsidiaries, including their Lloyd’s syndicates has closed after receiving all requisite approvals A spokesperson said, “RiverStone International today announced that the previously disclosed agreement with QBE to provide a Loss Portfolio Transfer reinsurance [LPT] […]




business and finance

Ride.bm Transportation Taxi App Released

Ride.bm said they are offering an “easy-to-access app that provides Bermudians and visitors alike with seamless, on-demand transportation.” A spokesperson said, “For decades, the number 295-4141 has been synonymous with safe and reliable transportation in Bermuda. Today, Ride.bm, powered by Central Dispatch, builds on that legacy, transforming a household number into a modern, easy-to-access app […]




business and finance

Enstar Group Preference Share Dividends

Enstar Group Limited today announced that it will pay cash dividends on its Series D and Series E preference shares. A spokesperson said, “Dividends on Enstar’s Series D 7.00% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares of $0.43750 per depositary share [each of which represents a 1/1,000th interest in a Series D Preference Share] will be […]




business and finance

Fairmont Southampton Renovations Update

Westend Properties shared an update on the ongoing renovations at the Fairmont Southampton. A spokesperson said, “Work at the site is proceeding as planned – for instance, demolition within the building has begun in anticipation of the extensive overhaul of the hotel interior. The initial shipments of containers of construction materials and equipment have arrived […]




business and finance

Welch’s Rise Through Ranks At The MarketPlace

Tahjae Welch has risen from an entry-level position all the way to Store Manager at the MarketPlace, with the company noting how “determination, hard work, and a positive support system can lead to impressive career advancement in Bermuda’s retail grocery industry.” A spokesperson said, “Starting his journey with The MarketPlace in 2016 straight out of […]




business and finance

RenaissanceRe Declares $0.39 Dividend

The Board of Directors of RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.39 per common share on its common shares. The dividend is payable on December 31, 2024, to shareholders of record on December 13, 2024. A spokesperson said, “In addition, the Board of Directors approved a renewal of RenaissanceRe’s authorized share repurchase program, […]




business and finance

RenaissanceRe Appoints Dr Loretta Mester

RenaissanceRe announced today that Dr Loretta J. Mester has been appointed to serve as an independent director of the Company effective November 6th, and that, at such time, Brian G. J. Gray, who served as a member of the Board since 2013, retired as a director. Kevin J. O’Donnell, President and Chief Executive Officer of RenaissanceRe, […]




business and finance

Carey Olsen Achieves High Rankings In Legal 500

Carey Olsen Bermuda Limited has achieved its strongest rankings to date in The Legal 500 Caribbean 2025 guide, securing five Tier 1 practice rankings. A spokesperson said, “The team has also attained four new ‘Leading Partner’ rankings – the highest possible ranking individual lawyers can achieve – bringing its total number of individual rankings up […]




business and finance

Appleby Earns Top Rankings In Legal 500 Guide

“Leading offshore law firm Appleby continues to be the only firm in Bermuda ranked Tier 1 across all of the six practice categories in Legal 500’s 2025 Caribbean Guide,” the company said. A spokesperson said, “Legal 500 ranks Appleby as Tier 1 in: Banking, Finance & Capital Markets; Corporate & Commercial; Dispute Resolution; Insurance/Reinsurance; Regulatory […]




business and finance

Conyers Named Top Tier Firm By Legal 500

Conyers has been ranked as “top-tier in Bermuda offshore expertise” by Legal 500, with 32 lawyers recognized and 17 individually ranked. A spokesperson said, “Conyers has once again been recommended as a top-tier firm in Bermuda offshore expertise in the latest Legal 500 directory rankings. The firm has maintained rankings in Corporate & Commercial, Banking, […]




business and finance

QBE Donates To HOME’s Housing Program

HOME, the registered charity whose purpose is to end homelessness in Bermuda, has welcomed a substantial donation from the QBE Foundation, the charitable arm of international insurance and reinsurance company, QBE. A spokesperson said, “It is the third successive year that QBE has supported HOME, after donations in 2022 and 2023. “The donation will help […]




business and finance

Hamilton Insurance Reports 2024 Q3 Results

Hamilton Insurance Group reported Q3 2024 net income of $78.3 million, a combined ratio of 93.6%, and a 16.7% increase in premiums, despite hurricane-related losses. A spokesperson said, “Hamilton Insurance Group, Ltd.  today announced financial results for the third quarter ended September 30, 2024.” Commenting on the results, Pina Albo, CEO of Hamilton, said, “Just […]




business and finance

Walkers Earns Top Rankings In The Legal 500

Walkers secured top-tier rankings in The Legal 500 Caribbean 2025. A spokesperson said, “Our firm has achieved top-tier rankings in three practice areas and recommendations in two more in Bermuda, contributing to a total of 12 top-tier practice areas and seven recommendations across the Americas legal market for Walkers. “Our Bermuda office’s Regulatory and Compliance […]




business and finance

Everest Announces Repurchase & Dividend

Everest Group Ltd. announced a 10 million share increase in its repurchase authorization and a $2.00 per share dividend payable December 13, 2024. A spokesperson said, “Everest Group, Ltd. announced that its Board of Directors approved an increase of 10 million shares in its share repurchase authorization. “In addition, the Company announced that its Board […]




business and finance

AM Best Affirms Everen Specialty’s A-Rating

AM Best affirmed Everen Specialty Ltd.’s A- financial strength and “a-” issuer ratings with a negative outlook, citing improved capital and a focus on core energy operations. A statement from the ratings agency said, “AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of […]




business and finance

Shipping Schedule: Week Starting Nov 9

The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, November 9th. On Sunday the Insignia cruise ship is expected, on Monday the Oleander container ship and the Zuiderdam cruise ship will arrive, and on Tuesday the Norwegian Breakaway cruise ship is scheduled to arrive. On […]




business and finance

Assured Insures $920M In Bonds For JFK Airport

Assured Guaranty insured $920 million of bonds for the JFK Airport Terminal 6 Redevelopment Project to refinance JPM’s short-term debt. A spokesperson said, “Assured Guaranty [AG] has insured $920 million of senior Special Facilities Revenue Bonds issued by the New York Transportation Development Corporation in connection with the JFK Airport Terminal 6 Redevelopment Project. The […]




business and finance

SiriusPoint Announce Leadership Changes

SiriusPoint appointed Anthony Shapella as Group Chief Underwriting Officer and David Govrin to focus on Global Reinsurance, effective January 1, 2025. A spokesperson said, “SiriusPoint Ltd.  a global specialty insurer and reinsurer, has today announced changes to its Chief Underwriting Office leadership to support plans for further growth and profitability in 2025. “From January 1, […]




business and finance

July Consumer Price Index: Inflation 1.9%

The Ministry of Economy and Labour reported a 1.9% year-over-year increase in the Consumer Price Index [CPI] for July 2024. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the Department of Statistics’ July 2024 Consumer Price Index. “In summary, consumers paid 1.9 per cent more in July 2024 than they did […]




business and finance

Retail Sales Decreased 1.5% In July 2024

After adjusting for the retail sales rate of inflation, measured at 3.4% in July, the overall volume of retail sales index decreased 1.5% when compared to July 2023, according to the recently released Retail Sales Index. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the July 2024 Retail Sales Index publication. […]




business and finance

HSBC Bermuda To Switch To Sustainable Cards

HSBC Bermuda has announced that “single-use plastic cards will be a thing of the past as the bank replaces them with cards made from recycled materials.” A spokesperson said, “The move is part of HSBC’s global strategy to reduce carbon emissions and achieve the Bank’s net zero goal by 2050. “The cards comprise of 85% […]




business and finance

Butterfield To Close At 2pm On Thursday

All Butterfield Banking Centres in Bermuda will be closing at 2pm on Thursday [Sept 14] due to Hurricane Lee. A spokesperson said, “Some ATM’s will be temporarily unavailable from tomorrow at 12 noon due to hurricane preparations – Collector’s Hill, Modern Mart, Somerset MarketPlace and Somerset Banking Centre. “At this time, Butterfield anticipates reopening its […]




business and finance

Clarien Bank Offices Will Close At 2pm Thursday

The Clarien Bank offices will close at 2pm on Thursday [Sept 14] due to Hurricane Lee. A spokesperson said, “For the safety and security of our clients and employees, please be advised that all Clarien Bank offices will close at 2pm on Thursday, September 14 and re-open at 12 noon Friday, September 15 pending a […]




business and finance

HSBC Bank To Close At 2pm On Thursday

HSBC Bermuda’s branches will close at 2:00pm on Thursday [Sept 14] due to Hurricane Lee. A spokesperson said, “Out of an abundance of caution due to the formation of Hurricane Lee, HSBC Bermuda’s branches will close at 2:00 pm tomorrow, September 14th. “Subject to the receipt of an all clear from the Bermuda Government and […]




business and finance

Butterfield Reports Third Quarter 2023 Results

The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended September 30, 2023. A spokesperson said, “Net income for the third quarter of 2023 was $48.7 million, or $0.99 per diluted common share, compared to net income of $61.0 million, or $1.22 per diluted common share, for the previous quarter and $57.4 […]




business and finance

‘Provide Basic Banking Services To All Residents’

“We will legislate the requirement for licensed banks to have a duty to provide basic banking services to all residents,” Premier David Burt said today. This had been mentioned in the 2023 Throne Speech, which said, “In today’s digital age, the use of a bank account is a basic necessity for Bermudians. During this session, […]




business and finance

Clarien Donate Flowers To KEMH, Agape House

Clarien Bank donated flowers to King Edward VII Memorial Hospital [KEMH] and Agape House, with “aim to bring joy and hope to the patients, staff, and visitors of the hospital.” A spokesperson said, “Clarien Bank, one of the largest independent integrated financial services organisations in Bermuda, is pleased to announce its recent donation of flowers to […]




business and finance

Butterfield Bank Share Repurchase Program

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that its Board of Directors has approved a $90 million ordinary share repurchase program pursuant to which the Bank is authorized to purchase up to 3.5 million of its ordinary shares through December 31, 2024 Michael Collins, Chairman and Chief […]




business and finance

Butterfield Share Repurchases For Dec 2023

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of December 2023, the Bank repurchased for cancellation 338,740 Common Shares at an average price of $31.44 per share. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts […]




business and finance

Butterfield Senior Management Appointments

The Bank of Butterfield today [Jan 15] announced the appointment of Michael Neff as Group Chief Operating Officer, Jody Feldman as Managing Director and Kevin Dallas as Butterfield’s Group Chief Experience Officer. A spokesperson said, “The Bank of N.T. Butterfield & Son Limited today announced the promotion of Michael Neff to Group Chief Operating Officer. Jody […]




business and finance

Butterfield Share Repurchases For Jan 2024

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of January 2024, repurchased for cancellation 418,208 Common Shares at an average price of $30.98 per share. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts Rates Butterfield […]




business and finance

Butterfield Reports Fourth Quarter 2023 Results

The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter and year ended December 31, 2023. A spokesperson said, “Net income for the year ended December 31, 2023 was $225.5 million, or $4.58 per diluted common share, compared to $214.0 million, or $4.29 per diluted common share, for the year ended December […]




business and finance

Bank Of Butterfield Notice Of Share Ownership

In a filing with the Bermuda Stock Exchange, The Bank of N.T Butterfield & Son Limited provided notice of shareholder ownership over 5%. The notice said, “Pursuant to BSX Regulation 6.14 [2] [ii] we write to notify the BSX that the following shareholders now hold 5% or more of the Bank’s outstanding ordinary shares: Blackrock Inc […]




business and finance

Butterfield Share Repurchases For Feb 2024

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of February 2024, repurchased for cancellation 399,269 Common Shares at an average price of $29.87 per share. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts Rates Butterfield Banking Hours And Appointments […]




business and finance

Clarien Bank Appoints Roger Brown As SVP

Clarien Bank announced the appointment of Roger Brown as Senior Vice President and Head of Commercial Banking, saying he will “provide strategic leadership and drive growth within Clarien’s Commercial Banking division. A spokesperson said, “Clarien Bank, a trusted and well-established financial institution in Bermuda, is excited to welcome Roger Brown to the team as the […]




business and finance

Butterfield Share Repurchases For March 2024

In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited advised that during the month of March 2024, repurchased for cancellation 338,313 Common Shares at an average price of $30.22 per share. Related Stories Butterfield Senior Management Appointments Bank Of Butterfield Adjusts Rates Bank Of Butterfield Adjusts Rates Butterfield Banking Hours […]




business and finance

Butterfield Reports First Quarter 2024 Results

The Bank of N.T. Butterfield & Son Limited today announced financial results for the quarter ended March 31, 2024. A spokesperson said, “Net income for the first quarter of 2024 was $53.4 million, or $1.13 per diluted common share, compared to net income of $53.5 million, or $1.11 per diluted common share, for the previous quarter and $62.2 […]




business and finance

HSBC Debit Cardholders Get Free 1GB Data

HSBC said they are “pleased to be offering a new benefit to our HSBC Visa Platinum debit cardholders which enables them to redeem a 1GB eSIM for 15 days and enjoy global data connectivity.” A spokesperson said, “Download the GigSky app today. These customers will be able to travel the world without incuring data roaming charges […]




business and finance

Butterfield Bank Announces April Repurchases

The Bank of N.T. Butterfield & Son Limited notified the Bermuda Stock Exchange that it repurchased and canceled 438,390 common shares at an average price of $31.87 each in April 2024. The filing said, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44of the Bermuda Stock […]




business and finance

Butterfield Launching Google Pay In Bermuda

The Bank of Butterfield is launching Google Pay for its clients, “enabling them to add personal debit, credit cards and business debit cards to Google Wallet.” A spokesperson said, “Butterfield has collaborated to launch Google Pay for its clients, enabling them to add personal debit, credit cards and business debit cards to Google Wallet. “Google […]




business and finance

Butterfield Bank Announces May Repurchases

The Bank of N.T. Butterfield & Son Limited notified the Bermuda Stock Exchange that it repurchased and canceled 404,066 common shares at an average price of $35.04 per share in May 2024. The filing stated, “The Bank of N.T. Butterfield & Son Limited informs the Bermuda Stock Exchange that pursuant to Regulation 6.44 of the […]