Hashtag: #BermudaBusiness
Axcelus Financial Appoints Robin Peters
Axcelus Financial announced the appointment of Robin Peters to the Board of Directors of Axcelus Financial Life Ltd., Axcelus Financial Global Insurance Ltd. and Axcelus Financial Life Insurance Company [Bermuda] Ltd. A spokesperson said, “The firms are Class C insurers focused on providing private placement life insurance, individual variable... Read more of this article
Somerset Reinsurance Appoints Danish Iqbal
Somerset Reinsurance Ltd. announced the appointment of Danish Iqbal as the company’s new Chief Executive Officer, effective April 30. A spokesperson said, “Mr. Iqbal succeeds Jeff Burt who, as announced yesterday, will become co-CEO of Aquarian Insurance Holdings, the holding company for Somerset Re. The two will share Co-CEO responsibilities... Read more of this article
Banyan Risk Secures New D&O From PartnerRe
Banyan Risk Ltd announced a long-term strategic alliance with global reinsurer PartnerRe to expand its Directors and Officers [D&O] Insurance capacity. A spokesperson said, “This collaboration will enable Banyan Risk to expand its line size for D&O coverage up to $10 million, with PartnerRe’s commitment of $5 million providing essential... Read more of this article
Bermuda Stock Exchange Report: March 26 2025
March 26 saw 2,000 shares trade on the Bermuda Stock Exchange, valued at $34,000.00 BD. 2,000 shares were traded by BF&M Ltd, closing up 6.3% at $17.00 per share. The BSX finished at 2,558.03, up 0.37% on the day. There was 1 advance, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
Aircare Sales Team Wins Linc Service Award
Aircare’s sales team won the 2024 Linc Service Team of the Year Award, with Marlyn Kelch, Reggie Weeks, and Antoney Medeiros also winning individual awards. A spokesperson said, “This award is given to the sales team with the highest sales per person across the entire Linc Service network, which includes over 175 contractors in more than... Read more of this article
Everest Group Announce Board Chair Transition
Everest Group announced that Board Chair Joseph V. Taranto will retire in May, with John Graf nominated to succeed him. A spokesperson said, “Everest Group, Ltd, a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, announced that Joseph V. Taranto, current Board Chair, will... Read more of this article
BF&M Limited Reports 2024 Net Income
BF&M Limited reported “IFRS net income of $13.9 million for the year ended 31 December 2024 [2023: $27.2 million].” “Operating income, excluding the impact of external market factors such as the change in the fair value of investments and/or one-off exceptional gains or costs, was $17.9m for the period, in line with the year ended... Read more of this article
Bermuda Stock Exchange Report: March 25 2025
March 25 saw 52,269 shares trade on the Bermuda Stock Exchange, valued at $65,336.25 BD. 52,269 shares were traded by Bermuda Aviation Services Ltd, closing even at $1.25 per share. The BSX finished at 2,548.51, even on the day. There were 0 advances, 0 declines, and 52 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Bermuda Stock Exchange Report: March 24 2025
March 24 saw 23,000 shares trade on the Bermuda Stock Exchange, valued at $28,950.00 BD. 23,000 shares were traded by Bermuda Aviation Services Ltd, closing down 3.8% at $1.25 per share. The BSX finished at 2,548.51, down 0.01% on the day. There were 0 advances, 1 decline, and 51 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
Ariel Re Announces Employee Promotions
Ariel Re has promoted nine employees across its London and Bermuda offices, reinforcing its commitment to talent development as an ‘academy firm.’ A spokesperson said, “Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced today it has promoted nine employees in its London and Bermuda offices. “Ariel... Read more of this article
Chamber Appoints Jennifer Woods As CEO
The Bermuda Chamber of Commerce announced the appointment of Jennifer Woods as its new Chief Executive Officer. A spokesperson said, “Jennifer is a dynamic and passionate advocate with extensive experience in legal, compliance, regulatory reporting, governance, and business strategy. “Ms. Woods brings a wealth of expertise to the Chamber... Read more of this article
Photos & Video: Fenty Beauty Event
59 Front held an ‘exclusive beauty talk and shopping experience’ featuring Fenty Beauty global artistry ambassador Naïma Bremer at The Pink Beach Club at The Loren this weekend. Related Stories Fenty Beauty, Skin & Fragrance Launch Today Phoenix Stores To Carry Fenty Beauty Line Exclusive... Read more of this article
