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The Association of Bermuda International Companies has appointed Wayne Smith to be the organisation’s next executive director. Mr Smith, whose career has spanned the public and private sectors, will join Abic in October. During a three-month transiti...

AM Best has downgraded the long-term issuer credit rating of Sompo International Holdings Ltd, the Bermudian-based re/insurer, from “a” (Excellent) to “a-” (Excellent). The agency said the downgrade is to harmonise the intermediate holding company cr...

The Association of Bermuda International Companies is promoting diversity, equity and inclusion within its membership. Abic’s Diversity and Inclusion Committee, formed in 2017, has worked at HR and C-suite levels to promote DEI and encourage positive...

Hamilton Princess & Beach Club is among the nominees in the “best social media of an historic hotel” category for the 2022 Historic Hotels Worldwide Awards of Excellence. The Princess, which opened on January 1 in 1885, faces competition from 12 othe...

The Bermuda Monetary Authority’s operational cyber-risk management code of conduct has come into force for banks and deposit companies on the island. The coming into force follows recent amendments to the Banks and Deposit Companies Act 1999, the BMA...

SiriusPoint Ltd, the Bermudian-based global specialty re/insurer, has appointed Bobby Heerasing as active underwriter of Lloyd’s Syndicate 1945. Mr Heerasing joined SiriusPoint in October last year with more than 25 years of market experience. Previo...

The RG/BSX Index closed unchanged at 2,375.41 with no trading activity on the Bermuda Stock Exchange. The Bank of N.T. Butterfield & Son Limited finished 40 cents (1.21 per cent) higher at $33.39, at the close of the New York Stock Exchange.

Bermudian-based Alpha Innovations and Apex Group have announced their collaboration to support the launch of Strada Digital Masterpieces, a tokenised fine art fund. Its corresponding master fund has also been launched on the fund platform of DigitalA...

White Mountains Insurance Group Ltd, the Bermudian-domiciled financial services holding company, has announced the final results of its "modified Dutch auction" tender offer. Based on the final count by the depositary for the tender offer, the compan...

Bermudian-based Höegh LNG Partners LP, the floating liquefied natural gas service provider, has announced the completion of its previously announced acquisition by Höegh LNG Holdings Ltd. Höegh LNG acquired all of the outstanding common units of the ...