Hashtag: #BermudaBusiness
Apply For BEDC Student Entrepreneur Program
The BEDC is now accepting applications for its 6th annual Summer Student Entrepreneur Program, offering training, funding, and mentorship to students aged 13 to 23 starting their own businesses. A spokesperson said, “The Bermuda Economic Development Corporation [BEDC] is now accepting applications for the 6th annual Summer Student Entrepreneur... Read more of this article
Deloitte Release 2025/26 ‘Budget Snapshot’
Following the delivery of the 2025 Budget by Premier David Burt in the House of Assembly, Deloitte released a ‘Budget Snapshot’, which highlights some of the key points from the Budget Speech, and follows in full below. You can click here to view all our coverage of the 2025 Budget. The 2025 Deloitte Bermuda Budget Snapshot is below [PDF here]: Related... Read more of this article
Ashley’s Lemonade Reopens At New Location
[Written by Don Burgess] Ashley’s Lemonade has reopened in a new location following the accident in February that wiped out their business at the corner of Reid and Burnaby Streets earlier this year—now situated at Wesley’s Square, in the former location of Crispy’s Sweet and Savoury, which has moved to St. George’s. The business is already... Read more of this article
Marico Thomas Reappointed Chamber President
Marico Thomas has reappointed as the President of the Bermuda Chamber of Commerce. A spokesperson said, “The Bermuda Chamber of Commerce is pleased to announce that Marico Thomas has been nominated and has agreed to serve an additional term as Chamber President. “Mr. Thomas’s leadership has been defined by his commitment to inclusive advocacy,... Read more of this article
Everest Group Reports Q1 2025 Results
Everest Group Ltd. reported its first quarter 2025 results. A spokesperson said, “Everest Group, Ltd., a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, reported its first quarter 2025 results. First Quarter 2025 Highlights Net Income of $210 million; Net Operating Income... Read more of this article
Bankers Association Comments On Budget
The Bermuda Bankers Association said they ‘commend the Government of Bermuda on its 2025-2026 Budget Statement’ which was released Friday [May 2]. A spokesperson said, “Government has announced measures that support economic growth, while maintaining a budget surplus and projecting a stronger fiscal position through debt reduction over... Read more of this article
Maiden Shareholders Approve Kestrel Merger
Maiden Holdings shareholders have approved all proposals for the company’s planned merger with Kestrel Group, with the deal expected to close in Q2 2025 pending regulatory approvals. A spokesperson said, “Maiden Holdings, Ltd. announced that, at the special general meeting of Maiden shareholders held today, all proposals related to Maiden’s... Read more of this article
Arch Capital Reports 2025 First Quarter Results
Arch Capital Group Ltd. announced its 2025 first quarter results, saying “we delivered solid results this quarter despite the losses arising from the California wildfires, resulting in an annualized operating return on equity of 11.5%.” A spokesperson said, “The results included: Net income available to Arch common shareholders of... Read more of this article
Shipping Schedule: Week Starting May 3
The Department of Marine & Ports Services has released the weekly shipping schedule for ship arrivals commencing on Saturday, May 3rd. On Saturday the Liberty of the Seas and the Norwegian Getaway cruise ships and the Danica Sunrise bunkers ship are expected, on Sunday the M/Y Skat bunkers ship and the Vista cruise ship will arrive, and on Monday... Read more of this article
AM Best Affirms Credit Ratings Of Hamilton Re
AM Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Rating [Long-Term ICR] of “a” [Excellent] of Hamilton Re, Ltd. [Pembroke, Bermuda] and Hamilton Insurance Designated Activity Company [Dublin, Ireland], each a wholly owned subsidiary of Hamilton Insurance Group, Ltd. [Pembroke, Bermuda] [collectively... Read more of this article
Assured Declares $0.34 Quarterly Dividend
Assured Guaranty Ltd. has declared a quarterly dividend of $0.34 per common share, payable on May 30, to shareholders of record as of May 16. A spokesperson said, “Assured Guaranty Ltd. declared a quarterly dividend of $0.34 per common share. The dividend is payable on May 30, 2025 to shareholders of record at the close of business on May 16,... Read more of this article
Bermuda Stock Exchange Report: May 2 2025
May 2 saw 300 shares trade on the Bermuda Stock Exchange, valued at $4,950.00 BD. 300 shares were traded by BF&M Ltd, closing up 3.1% at $16.50 per share. The BSX finished at 2,652.34, up 0.18% on the day. There was 1 advance, 0 declines, and 51 remained unchanged. The full report for the day is available here [PDF], and the full report for the... Read more of this article
