Category: Business
Kimberly Charryse Bean & Nea Talbot Appointed
Kimberly Charryse Bean has been appointed as the Director in the Department of Youth, Sport and Recreation, and Nea Talbot has been appointed as the Director in the Department of Communications. A Government spokesperson said, “Today, the Government advised of the appointments of two Director posts. “Ms. Kimberly Charryse Bean has been appointed... Read more of this article
Retail Sales Decreased 1.8% In September 2022
After adjusting for the retail sales rate of inflation – measured at 6.2% in September – the overall volume of retail sales decreased 1.8% when compared to September 2021, according to the recently released Retail Sales Index. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the September 2022 Retail... Read more of this article
White Mountains Leads Investor Group
White Mountains Insurance Group announced that Ark Insurance Holdings, its specialty property and casualty reinsurance and insurance subsidiary, has sponsored the formation of a reinsurance sidecar to provide collateralized reinsurance capacity for its global property catastrophe portfolio. A spokesperson said, “Outrigger Re Ltd., a newly-formed... Read more of this article
Appleby Lawyers Recognised As ‘Global Elite’
The 2023 edition of the Private Client Global Elite Directory recognised lawyers across four of Appleby‘s global offices. A spokesperson said, “Lawyers from across four of Appleby’s global offices have been recognised in the 2023 edition of the Private Client Global Elite Directory. “Cayman Islands partner and Global Head of Private... Read more of this article
Symetra Financial Establishes Bermuda Affiliate
Symetra Financial Corporation, a wholly owned subsidiary of Sumitomo Life Insurance Company, has established Symetra Bermuda Re Ltd. A spokesperson said, “Working with regulators in the U.S., Japan and Bermuda, Symetra Financial Corporation, a wholly owned subsidiary of Sumitomo Life Insurance Company, today announced that it had established Symetra... Read more of this article
AM Best Assigns Ratings To PartnerRe Solutions
AM Best has assigned a Financial Strength Rating of A+ [Superior] and a Long-Term Credit Rating of “aa-” [Superior] to PartnerRe Insurance Solutions Bermuda Ltd.. The outlook assigned to these Credit Ratings is stable. PartnerRe Ins Solutions BM Ltd is a newly added member of PartnerRe Ltd. The ratings agency said, “The ratings reflect PartnerRe... Read more of this article
Bermuda Stock Exchange Report: Dec 20 2022
December 20 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,424.96, even on the day. There were 0 advances, 0 declines, and 68 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 24 2025 Bermuda Stock Exchange Report: Dec 23 2025 Bermuda Stock Exchange... Read more of this article
Benchimol To Retire, Tizzio Named Future CEO
AXIS Capital Holdings Limited announced that Albert Benchimol will retire at the end of 2023, and he will be succeeded as President and CEO by Vincent Tizzio. A spokesperson said, “AXIS Capital Holdings Limited [AXIS] announced today that, following a career in [re]insurance and banking that has spanned more than four decades – including ten... Read more of this article
Bermuda Stock Exchange Report: Dec 19 2022
December 19 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,424.96, even on the day. There were 0 advances, 0 declines, and 68 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 24 2025 Bermuda Stock Exchange Report: Dec 23 2025 Bermuda Stock Exchange... Read more of this article
Merch Launches Little + Local Campaign
St George’s-based concept store Merch has launched their little + local campaign “to remind the public that shopping on island and at small, independent businesses can have a huge impact on the local economy.” A spokesperson stated “When Merch first launched at the end of 2017, we hoped to encourage a bit of a renaissance in the Town... Read more of this article
Aina Raises Capital From Investor Community
Aina Curated — an Architecture and Creative Interiors Boutique — has successfully raised capital through the Bermuda Investor Community. A spokesperson said, “The Community hosts Bermuda’s first fully digital angel investment platform bringing local investment opportunities to qualified individual investors. “Aina Curated is... Read more of this article
BMA Staff Donate To Nursing Home Residents
A staff donation drive at the Bermuda Monetary Authority [BMA] has collected more than 350 items of clothing and supplies for the residents of six nursing homes across the island. A spokesperson said, “The donations will be distributed to residents with the greatest need and include a wide range of items, from toiletries, nightclothes and footwear... Read more of this article
