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AM Best has affirmed the credit ratings of Bermudian-based RenaissanceRe Holdings Limited and its main subsidiaries. The ratings agency affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior...

Ignite Bermuda is best known as an entrepreneurial accelerator but the programme also seeks to positively impact the island’s not-for-profit community. Already, ten not-for-profit organisations have completed Ignite’s free, five-month core programme ...

Legislation designed to protect financial service customers was passed in the Senate. The Bermuda Monetary Authority Amendment Act 2022 will mean that the BMA’s principal 1969 Act will include, among its main objectives, an aim to promote consumer p...

Bermudian-based Somers Limited, the financial services investment holding company, is to go private after its shareholders approved a merger with SNB Investments. The company held a special general meeting at which shareholders voted in favour of the...

Legislation seeking to update definitions and correct fee structures incorrectly stated in the Bermuda Monetary Authority Act 1969 has been approved in the Senate. The Bermuda Monetary Authority Amendment (No 2) Act 2022, was tabled by Arianna Hodgs...

The Bermuda Business Development Agency will support the 60th annual Florida Insurance Council Summer Symposium next week in Orlando, Florida. The FIC programme will include state legislators, the Office of Insurance Regulation and other industry spe...

Counterpart, the management liability insurtech, is launching an excess insurance product for small businesses. The excess policy, backed by Aspen Insurance Holdings Limited, the Bermudian-based re/insurer, is another offering to support small busine...

Corvus Insurance, the specialty insurance MGA offering products powered by AI-driven risk data, has announced an expanded strategic partnership with SiriusPoint Ltd, the Bermudian-headquartered global specialty re/insurer, and R&Q Accredited, the pro...

The RG/BSX Index remained unchanged with no trading on the Bermuda Stock Exchange for the day. The Bank of N.T. Butterfield & Son Limited was down a nickel (0.15 per cent), closing at $33.88 on the New York Stock Exchange.

Malika Serrar is always on the look out for novel ways to promote her hair salon, Pull My Hair, on Front Street. Last month, she became the first local business owner to fully customise a Whip Ride Share electric scooter with her own colour, pink, a...