Hashtag: #BermudaBusiness
KPMG Congratulates Newly Qualified CPAs
KPMG in Bermuda said they are “delighted to announce the successful qualifications” of Nicole Nelson, Ian Bucci, Alex Brown and Dayshalae [Smith] Williams as CPAs. Mike Morrison, CEO of KPMG in Bermuda, commented, “With Nicole, Ian, Alex and Dayshalae joining our ranks as qualified accountants, we are developing Bermudian students to... Read more of this article
RenRe To Acquire Minority Catalina Shareholding
Catalina Holdings [Bermuda] and RenaissanceRe Holdings announced that RenaissanceRe Ventures Ltd., a subsidiary of RenaissanceRe, has signed a definitive agreement to acquire a minority shareholding in Catalina. The agreement is subject to regulatory approval and is expected to close concurrently with the majority acquisition of Catalina by affiliates... Read more of this article
Interested In Developing Tudor Hill Property?
The Bermuda Land Development Company Limited [BLDC] invites interested parties to submit expressions of interest [EOI] for the development of the 25 acre Tudor Hill property in Southampton. “We’re looking for innovative and imaginative development approaches that align with our longterm strategy to revitalize Tudor Hill,” said Francis Mussenden,... Read more of this article
Construction Progressing At Caroline Bay
Caroline Bay’s construction progress is “well on its way” with over 200 construction workers “hard at work on the site,” Craig Christensen said, with the Caroline Bay Director adding that the first phase of the Ritz-Carlton Reserve Residences are “projected to be delivered on time.” Artist rendering #1 of Caroline... Read more of this article
AXIS Capital Estimate Q4 Losses Of $130M
Bermuda-based AXIS Capital Holdings Limited announced that its preliminary estimate of the total net financial impact from fourth quarter 2017 catastrophe and weather-related losses is $130 million, net of tax and estimated recoveries from reinsurance and retrocessional covers, and including the impact of estimated reinstatement premiums. This estimate... Read more of this article
Bermuda Stock Exchange Report: Jan 17 2018
January 17 saw 1,000 shares trade on the Bermuda Stock Exchange, valued at $25,000.00 BD. 500 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $40.00 per share, while the other 500 shares were traded by Ascendant Group Limited, closing even at $10.00 per share. The BSX finished at 2,313.29, even on the day. There were 0 advances,... Read more of this article
Stock Exchange Issuing Legal Entity Identifiers
The Bermuda Stock Exchange [BSX] today [Jan 17] confirmed that it is authorised to issue Legal Entity Identifiers [LEI] to Bermuda domiciled companies and has been doing so for several months. In making the announcement BSX Operations Manager Mr. Neville Caines noted, “The BSX through its relationship with CUSIP Global Services, is now issuing LEIs... Read more of this article
New Hotel Manager For St. George’s Club
Peter Kyle will be the new manager of the St. George’s Club, with the Club saying “he comes with a passion to make things work better and more efficiently.” Mr Kyle’s mother Sally-Ann Kyle is the President, CEO, and Managing Agent of the St. George’s Club, and she said, “Our decision to bring Peter Kyle in to run The St.... Read more of this article
BMA Advise Of Risks With Initial Coin Offerings
Initial Coin Offerings [ICOs] — in which investors use cryptocurrency – are “not subject to prudential regulation” the Bermuda Monetary Authority [BMA] said today, with the BMA urging the “investing public to be prudent and mindful of their accountability for their actions in this increasingly fast-moving and complex... Read more of this article
Fitch: ‘Renewals Suggest Flattened Cycle’
The reinsurance underwriting cycle may finally have turned, but price rises look modest, suggesting that the cycle may have become flatter, Fitch Ratings says. The ratings agency said, “As we forecast in 4Q17, rates for property catastrophe reinsurance increased at 1 January 2018, according to recent reports from brokers – the first rise since... Read more of this article
Bermuda Stock Exchange Report: Jan 16 2018
January 16 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,313.29, even on the day. There was 1 advance, 0 declines, and 60 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 Report:... Read more of this article
Successful Speed Networking For Students
University students home for Christmas were given the opportunity to participate in the BFIS Annual Christmas Speed Networking Lunch on December 28th at O’Hara House [courtesy of XL Catlin]. Approximately 35 insurance professionals and 40+ college students enjoyed an hour of fast but extremely useful one-on-one ‘interviews’ with numerous insurance... Read more of this article
