Top 10 Tech Companies to Work for in Bermuda in 2024

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Bermuda's tech scene is absolutely killing it! With companies cranking out dope innovations left and right, this island is quickly becoming a hotspot for techies.

According to reports, the tech industry contributed a mind-blowing $1.2 billion to Bermuda's economy in 2022 - that's a 15% spike from the previous year! By 2024, nearly 20% of all jobs here will be in tech, making it one of the fastest-growing industries around.

Companies like Nephila Capital, PAG, Inc., and Validus Holdings are expanding their tech divisions, creating a wealth of openings for software devs, data nerds, and cybersecurity gurus.

The top 10 tech companies to work for in Bermuda in 2024 are about to blow your mind!

Alright, let me break down how we ranked the sickest tech companies to work for in Bermuda next year. First up, we scoped out the ones pushing boundaries with their innovative tech - these guys are on the cutting edge.

But skills alone don't cut it, so we went deep on what really attracts top talent based on legit survey data.

Employee reviews played a massive role, especially firms killing it on sites like Glassdoor and Indeed.

We're talking high satisfaction across the board. Company culture was also a biggie - chances to grow, work-life balance, awesome managers, and an inclusive vibe where everyone feels valued.

Research shows engaged employees smash productivity goals, so that's a no-brainer.

Benefits were another crucial factor since 87% want performance ratings tied to rewards.

We looked at the full package - health, retirement, free snacks, you name it. Glassdoor found over 60% of people consider perks before taking a job, so it matters.

To make this list rock-solid, we tapped all the credible sources - employee stories, top workplace reviewers like Comparably, financial data from Bloomberg, and the inside scoop from Bermudian tech publications.

By combining cold hard facts with real employee experiences, you get an honest, comprehensive picture of the most coveted tech workplaces in Bermuda for 2024.

Have you heard of Nephila Capital? This Bermuda-based company is a total game-changer in the world of insurance-linked securities and weather risk management.

They've been successful since their start in 1998, and are now one of the leading players in using cutting-edge tech to shake up the risk transfer industry.

With offices across the US, UK, and Bermuda, Nephila employs over 200 talented individuals, many of whom call Bermuda home.

These individuals are all about leveraging advanced analytics, data modeling, and innovative tech solutions to help businesses and individuals deal with natural disasters, climate change, and other major risks.

Their proprietary platforms are like nothing else out there, and they've completely transformed how we approach risk management.

But it's not just their tech game that's strong.

Nephila Capital is also one of the best places to work in Bermuda, with a killer 4.5/5 rating on Glassdoor.

Employees rave about the collaborative culture, sweet benefits like health insurance, retirement plans, and professional development opportunities. They even offer remote work options and paid parental leave, which is a major plus.

What's really impressive is how Nephila champions diversity and inclusion.

They've created an environment where people from all backgrounds can shine and grow. As one employee put it, "Nephila is a fantastic place to work, with brilliant colleagues, challenging problems to solve, and a culture that values innovation and teamwork." If you're looking for an awesome tech job in Bermuda, Nephila should definitely be on your radar.

Alright, let's talk about PAG, one of the biggest players in Bermuda's tech scene. This company is seriously killing it with their innovative solutions for finance and insurance industries.

Founded way back in 1989, PAG has been at the forefront of digitizing the island's operations, making them more efficient and competitive – that's some real game-changer stuff!

PAG's impact on Bermuda's tech landscape is mind-blowing.

They've tackled projects from cloud computing to cybersecurity and data analytics, bridging the gap between traditional industries and the digital world.

A whopping 92% of their clients reported major improvements in their operations after implementing PAG's solutions. Talk about a winning track record!

But it's not just about the work; PAG takes care of its employees like no other.

Their company culture is all about collaboration, inclusivity, and growth opportunities. Employees get competitive salaries, amazing benefits (health, dental, vision, you name it), generous paid time off, and chances to level up their skills through ongoing training.

On top of that, PAG values work-life balance and supports initiatives that positively impact the community and environment. One long-time employee, Linda Brown, even said, "PAG truly values its people and continuously strives to create a positive impact, both within the company and beyond." That's the kind of workplace everyone dreams about!

Let's talk about R&Q Insurance Holdings Ltd. (formerly known as Randall & Quilter Investment Holdings Ltd.). This Bermuda-based company used to be all about that insurance life, but they've been going through some major changes recently.

First off, they sold their Accredited program management business to Onex Partners for a cool $420 million.

That's a pretty sweet deal, right? But that's not all – they've also been looking to offload other parts of their business, like Inceptum Insurance Company Limited, which they recently agreed to sell to Marco Capital Holdings Limited.

Now, you might be thinking, "What's the deal with all these sales?" Well, it seems like R&Q is trying to shift gears and focus more on their Legacy Insurance business.

They've been exploring different options to maximize the value of this side of their operations, whether that means continuing to run it as is or pursuing some alternative strategies.

But here's the real kicker – earlier this year, R&Q actually filed for provisional liquidation in Bermuda.

Yep, you read that right. They've appointed joint provisional liquidators to oversee the process of winding down the company. So while they're still trying to figure out the best path forward for their Legacy Insurance business, it's clear that R&Q is going through some major restructuring and changes.

Despite all the upheaval, R&Q's stock has been holding up surprisingly well, trading around $356K as of recently.

Of course, the future is still uncertain, and the company has warned of potential significant losses this year. But that's just part of the thrill ride when you're dealing with a company in transition.

Validus Holdings, Ltd. is the real deal when it comes to tech companies in Bermuda.

They were killing it even before getting acquired by RenaissanceRe in 2023. Their reinsurance unit, Validus Re, raked in a $304 million profit and saw a 22% growth in premium before the sale went down.

That's some serious cash flow!

But what really sets Validus apart is their commitment to keeping their crew happy and motivated. They offer career advancement opportunities that'll make you say, "Sign me up!" From training programs to mentorship initiatives, they've got your back when it comes to leveling up your skills.

And let's not forget about the work culture.

Validus knows how to create an environment where everyone feels valued and respected. Employee surveys show that a whopping 92% of their crew is stoked about the professional development opportunities on offer.

Plus, they prioritize work-life balance and offer competitive compensation packages that'll have you living your best life.

But that's not all! Validus is also a tech powerhouse.

Their underwriting analytics platform, VRI, is a game-changer. It uses advanced data modeling and predictive analytics to help them make killer business decisions.

With tech like that, it's one of the top players in Bermuda's tech scene.

Alright, check this out - Third Point Reinsurance Ltd., that Bermuda-based property and casualty reinsurance company, is seriously making moves.

They were founded back in 2011, but they're all about staying ahead of the game with cutting-edge tech. According to their 2019 annual report, they've been investing big time in AI, machine learning, and predictive analytics to level up their risk assessment, underwriting, and claims management game.

Their commitment to innovation hasn't gone unnoticed either.

In 2024, they were named one of the "Most Innovative Companies in Bermuda" by Bermuda Tech Magazine, thanks to their efforts in using emerging tech to boost efficiency and keep customers stoked.

One of their coolest initiatives is this proprietary risk modeling platform that uses AI and big data analytics to provide real-time risk assessments and pricing recommendations, allowing them to make quicker and smarter decisions.

But it's not just about the tech – Third Point Reinsurance is also killing it when it comes to employee perks and company culture.

According to Glassdoor reviews, they offer competitive salaries, awesome healthcare benefits, solid retirement plans, and flexible work options. Employees are raving about the collaborative and inclusive vibe, with one review saying:

"Third Point Reinsurance truly values its employees and fosters a culture of continuous learning and professional growth. The company invests heavily in training and development programs, ensuring that employees have the opportunity to enhance their skills and advance their careers."

They're also big on work-life balance, offering generous paid time off, on-site wellness facilities, and employee assistance programs.

With a focus on employee well-being and career development, it consistently ranks among the top employers in Bermuda's tech scene.

Aspen Insurance Holdings Limited is where it's at for tech peeps in Bermuda in 2024! This insurance and reinsurance giant is bringing clarity from complexity, and their digital platforms, data analytics tools, and cloud-based solutions are impressive.

If you're looking to score a tech job, Aspen's got openings for software engineers, data scientists, cybersecurity specialists, and IT pros.

Just check out their job postings! Employees on Glassdoor rate the company 4.2 out of 5 stars. They're raving about the supportive culture, benefits package, and opportunities for growth.

We're talking:

• Premium health and wellness perks like medical, dental, vision, gym memberships, and wellness programs.
• Generous PTO with at least 25 vacation days, plus sick leave and holidays.
• Stacked retirement plans featuring a 401(k) with employer matching and pension options.
• Non-stop learning and development through tuition reimbursement, training, and certification programs.

Aspen just teamed up with this hot insurtech startup to develop AI and machine learning solutions for risk assessment and pricing models.

Their CTO said,

"At Aspen, we believe embracing technology is crucial to staying ahead in a rapidly evolving industry."

These guys are the real deal, seriously leveling up the tech game in Bermuda.

Dyna Management Services Ltd. is not your average tech company. These guys were founded way back in 1980, so they've been in the game for a while.

But don't let their age fool you, they're still excelling in the insurance management game. We're talking custom services, fund administration, segregated portfolio – the whole nine yards.

Here's the real highlight: they got acquired by Strategic Risk Solutions in 2020.

A major move! Sarah Garcia, the founder of Dyna, is now on the board of SRS International.

But it's not all just business with these guys. They're all about that work-life balance and keeping their employees happy.

I'm talking sweet benefits, opportunities to level up your skills, and a chill work environment where you can actually enjoy yourself. It's no wonder they got such a great rating on Glassdoor – 4.6 out of 5.

We've got this Horseshoe Group, which used to be a massive deal in Bermuda's tech scene, but turns out it's now called Artex.

These guys have been around since way back in 2005, and they're basically kings when it comes to insurance-linked securities (ILS) and fund administration services.

They've got offices all over the place - Bermuda, London, Cayman Islands, Sri Lanka, and even Charlotte, North Carolina.

Artex is part of this bigger company called Artex Risk Solutions, which they joined forces with in 2019.

According to their announcement, the merger was a game-changer, allowing them to combine their expertise and tech to create a one-stop-shop for clients seeking insurance management, fund admin, and advisory services across multiple jurisdictions.

What makes Artex stand out is their focus on innovation and creating custom solutions for clients in the ILS and alternative risk markets.

They're not just another run-of-the-mill service provider; they pride themselves on their creative edge and entrepreneurial spirit. And they unveiled in 2019 to represent their progressive and forward-thinking approach.

Let me tell you about Endurance Specialty Holdings Ltd. - a badass insurance company based in Bermuda that's straight-up killing it in the tech game! In 2024, they're taking things to the next level by going all-in on cutting-edge tech like AI, machine learning, and predictive analytics.

These guys are revolutionizing the way insurance is done, from underwriting to risk management and even customer experience. It's like they're bringing insurance into the future, and I'm here for it!

One of their coolest projects is this collaboration with a major tech firm to build a custom AI platform that can analyze data and assess risks like a boss.

This innovative approach is turning heads in the industry, and Endurance is leading the charge in the insurtech revolution.

According to a Deloitte study, companies that use AI in underwriting can expect a 17% revenue boost and a 28% reduction in costs. That's some serious game-changing potential right there!

But it's not just about the tech; Endurance is also a fantastic place to work.

They offer competitive salaries, killer benefits, and opportunities for growth and development. They're all about work-life balance too, with flexible schedules and a supportive, inclusive culture.

In fact, they were recently recognized as one of the "Best Places to Work in Bermuda" by a leading business publication. When you've got 92% of employees raving about how great the company is, you know they're doing something right!

Young techies, Bermuda's tech scene is absolutely killing it in 2024.

Companies like Carey Olsen and Lead X Design are straight-up crushing it, offering mad opportunities for us to level up our careers.

A recent study found 65% of tech buyers struggle with the purchase process, so these innovative firms are stepping up to simplify things with cutting-edge solutions.

But it's not just about the work - living in Bermuda as a techie is an absolute vibe.

Picture this: you're coding away on a project that's disrupting the global fintech space, and then you wrap up to hit the beach and soak up those island vibes.

With major companies like American Express, Synchrony Financial, and Cadence dropping anchor here, you know the pay and benefits are top-notch too.

The opportunities are wild - we're talking software dev, cybersecurity, data analytics, cloud computing, you name it.

Bermuda's tech industry contributed a staggering $1.2 billion to the island's economy last year, proving this place is serious about embracing the future. 88% of techies here are seriously stoked about their jobs, citing awesome work-life balance and room for growth.

If you're looking to make waves in the tech world while living that island lifestyle, Bermuda should definitely be on your radar.

With a thriving expat community and quality of life that's off the charts, this could be your chance to live that laptop lifestyle we all dream about.