Hashtag: #BermudaBusiness
Mosaic Insurance Appoints Foulger & Dias
Mosaic Insurance has appointed Caroline Foulger as its Board Chair effective immediately, and also welcomed Alexander Dias, CEO and Managing Director of Angel Island Capital [AIC], to its Board of Directors. “Caroline’s well-recognized reputation and global experience across our industry make her an ideal choice for this role,” said Mitch Blaser,... Read more of this article
SiriusPoint Announces Partnership With Garentii
SiriusPoint Ltd. has announced a strategic partnership with Garentii, a tech-enabled Managing General Agent [MGA] providing digital home rental insurance. A spokesperson said, “As part of the partnership, SiriusPoint will provide risk advisory services along with paper and balance sheet. The partnership builds on the growing number of companies in... Read more of this article
AXIS Announce Actions To ‘Advance Leadership’
AXIS Capital Holdings announced a “series of actions designed to advance leadership in specialty underwriting – and the latest in a multi-year effort that has seen the Company increase profitability, lower volatility, and strengthen the portfolio, all with an eye toward delivering greater value to existing and new customers. The company said,... Read more of this article
Bermuda Stock Exchange Report: June 8 2022
June 8 saw 53 shares trade on the Bermuda Stock Exchange, valued at $1,616.50 BD. 53 shares were traded by Bank of N.T. Butterfield Ltd, closing even at $31.00 per share. The BSX finished at 2,242.07, even on the day. There were 0 advances, 0 declines, and 64 remained unchanged. The full report for the day is available here [PDF]. Related Stories Bermuda... Read more of this article
Premier Burt Congratulates Jewel Bank
“A milestone for Bermuda’s Fintech industry” said Premier & Minister of Finance David Burt as he congratulated Jewel Bank following the issuance of their new full banking licence and Class F digital asset business license from the Bermuda Monetary Authority [BMA], noting that it is ”Bermuda’s first new bank in 21 years.” “One... Read more of this article
Column: Cole Simons On High Cost Of Living
[Written by Opposition Leader Cole Simons] To be brutally honest – there are two Bermuda’s. There are those who work in the International Business sector which is really on fire. These employers include international Insurance companies, international reinsurance companies, global life insurance companies, local and international banking and... Read more of this article
Investor Community Holds Launch Event
Yesterday evening [June 7], Bermuda Investor Community Limited launched Bermuda’s first fully digital platform which brings together qualified individual investors and entrepreneurs. A spokesperson said, “The gala launch event, held at the Cloud at the Waterfront Properties, brought over 60 qualified investors together with entrepreneurs presenting... Read more of this article
BHRA Appoint Candice Lambe & Melissa Caldwell
The Bermuda Human Resource Association [BHRA] has appointed Candice Lambe as its new President and Melissa Caldwell as its new Vice President. A spokesperson said, “Mrs Lambe succeeds Krystle DaPonte, an HR industry veteran who effectively led the association for five years. Mrs Lambe’s primary responsibility as BHRA President will be providing... Read more of this article
Bermuda Captive Conference Registration
The Bermuda Captive Conference will be held from September 12–14, 2022 at the Hamilton Princess, and registration is now open. A spokesperson said, “Bermuda’s largest and longest-running industry event is returning to the live stage on September 12–14, 2022 at the Hamilton Princess in Bermuda. “Now in its 18th year, the Bermuda Captive Conference... Read more of this article
Jewel Bank Receives Bank & DABA License
Jewel Bank has received approval from the Bermuda Monetary Authority [BMA] for its combined full bank license and digital asset business [DABA] license. The company said, “Jewel Bank is Bermuda’s first new bank in over twenty years and first digital asset bank. Jewel’s services address the core banking, payments, and settlement needs... Read more of this article
Aquarian To Acquire Interest In Somerset Re
Aquarian Holdings and Somerset Reinsurance have signed a definitive agreement for Aquarian to acquire a controlling interest in Somerset Re, a leading provider of reinsurance solutions to the U.S. life insurance and annuity market. A spokesperson said, “In addition, the transaction will provide Somerset Re with a substantial amount of immediate... Read more of this article
Bermuda Stock Exchange Report: June 7 2022
June 7 saw 2,427 shares trade on the Bermuda Stock Exchange, valued at $75,297.00 BD. 2,427 shares were traded by Bank of N.T. Butterfield Ltd, closing up 3.3% at $31.00 per share. The BSX finished at 2,242.07, up 2.45% on the day. There was 1 advance, 0 declines, and 63 remained unchanged. The full report for the day is available here [PDF]. Related... Read more of this article
