Hashtag: #BermudaBusiness
AM Best Upgrades Credit Ratings Of INPEX
AM Best has upgraded the Financial Strength Rating to A [Excellent] from A- [Excellent] and the Long-Term Issuer Credit Rating to “a” [Excellent] from “a-” [Excellent] of INPEX Insurance, Ltd. [IIL] [Bermuda]. The outlook of these Credit Ratings [ratings] has been revised to stable from positive. A statement from the ratings agency said, “The... Read more of this article
Shipping Schedule: Week Starting Sept 2
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, September 2nd. On Monday the Oleander container ship is expected, on Tuesday the Mariner of the Seas cruise ship and the Starlight bulk carrier will arrive, and on Wednesday the Meravigia cruise ship is scheduled to arrive. On... Read more of this article
AM Best Affirms Credit Ratings Of StarStone
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Rating of “a-” [Excellent] of StarStone Insurance Bermuda Limited [SIBL] [Bermuda] and StarStone Insurance SE [SISE] [Liechtenstein]. The outlook of these Credit Ratings is stable. The ratings agency said, “The ratings of SIBL and SISE reflect... Read more of this article
Markel Bermuda Statement On Vesttoo Matter
Markel Bermuda Limited [MBL] announced that it “has been appointed to the statutory committee of unsecured creditors in the chapter 11 bankruptcy in Delaware of Vesttoo Ltd. and its affiliates [Vesttoo].” A spokesperson said, “MBL’s involvement in the bankruptcy stems from two collateralized reinsurance transactions it entered... Read more of this article
Bermuda Stock Exchange Report: Sept 1 2023
September 1 saw 0 shares trade on the Bermuda Stock Exchange. The BSX finished at 2,161.56, even on the day. There were 0 advances, 0 declines, and 63 remained unchanged. The full report for the day is available here [PDF], and the full report for the week is available here [PDF]. Related Stories Bermuda Stock Exchange Report: Dec 24 2025 Bermuda... Read more of this article
Video: BermudAir Leaves For First Flight
BermudAir has officially launched, with their inaugural flight taking off today [Sept 1] heading to Boston. The cabin crew for the flight included Isra Furbert, one of six Bermudians who have been hired as BermudAir flight attendants. In addition to the Boston flights, the airline offers flights to the Westchester County Airport which located near... Read more of this article
Food Up 8.3% Annually, Down 0.2% Monthly
The cost of pineapples went up 49.0%, ice cream went up 31.8%, and fruit juices went up 29.1% on annual basis, while on a month to month basis, the average cost of green peppers decreased 18.8%, boneless pork loin decreased 16.5% and onions decreased 5.8%. This is according to the recently released May Consumer Price Index which said that on an overall... Read more of this article
Bermuda Stock Exchange Report: Aug 31 2023
August 31 saw 12,500 shares trade on the Bermuda Stock Exchange, valued at $134,970.00 BD. 2,700 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $29.00 per share, while another 9,800 shares were traded by Argus Group Holdings Ltd, closing even at $6.00 per share. The BSX finished at 2,161.56, even on the day. There were 0 advances,... Read more of this article
BDA Organises Tech Focused Mission In Israel
The Bermuda Business Development Agency [BDA] has organised a business development mission to the Insurtech Israel Global Summit in Tel Aviv from September 4-7. A spokesperson said, “The BDA selected Israel as a business development destination due to its strength as a global hub for InsurTech, as well as its booming and internationally recognised... Read more of this article
ReGen Group Highlights Summer Students
ReGen Group Limited [RGL], today highlighted several students who have been working for ReGen Companies [AIRCARE, iEPC & iFM] during their summer break. A spokesperson said, “Three students have been gaining valuable work experience at iEPC including Jaire Lawrence-Salaam, Civil/Structural Engineering; Julian Roser, Electrical Engineering;... Read more of this article
KPMG: Partnership & Leadership Changes
KPMG in Bermuda announced the appointments of Felicia Wilsen, Sarah Robey and Anam Khan to Partner at the firm, effective October 1, 2023. A spokesperson said, “We are thrilled to recognise the outstanding achievements of Felicia, Sarah* and Anam*. They bring expertise from each area of our business, adding great breadth and depth to our leadership... Read more of this article
White Yardie Returns Comedy Show On Sept 8
A comedy show dubbed ‘White Yardie Returns’ will be held on September 8 at the Ruth Seaton James Auditorium, with tickets now on sale. A spokesperson said, “Get ready for the hottest comedy show in town. He’s back by popular demand; comedian White Yardie returns. “Join us for an unforgettable evening filled with non-stop... Read more of this article
