Business
Bright future for long-term business
The life insurance industry in Bermuda is set for growth but it needs more boots on the ground.
This was the word from industry leaders in a panel on Bermuda’s role in the growing life insurance secto…
This was the word from industry leaders in a panel on Bermuda’s role in the growing life insurance secto…
Cat bonds thrive, but overall ILS fund performance slips
The overall performance of insurance-linked securities (ILS) funds has slipped despite another year of record cat bond issuance, according to a Best’s Special Report.
AM Best said that the global ILS …
AM Best said that the global ILS …
Bank stock unchanged on NYSE
The RG/BSX Index remained unchanged at 2,495, as there was no trading of domestic companies on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited closed unchanged at $36.22 on …
The Bank of N.T. Butterfield & Son Limited closed unchanged at $36.22 on …
Regulators discuss risk complexity
The Insurance Commissioner for the Florida Office of Insurance Regulation, David Altmaier, joined other regulatory experts from around the world on a Bermuda Risk Summit panel discussing how they bala…
Activist shareholder criticises Argo senior management
Activist investor Capital Returns Management LLC has called on Argo Group International Holdings Ltd to hold its annual general meeting in May as it dismissed claims by the company that it had made si…
Avance Gas CEO steps down
Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has new leadership.
Kristian Sørensen has resigned as CEO to pursue opportunities outside …
Kristian Sørensen has resigned as CEO to pursue opportunities outside …
Maiden Holdings increases annual profit
Maiden Holdings Ltd’s net profit for the year rose almost 50 per cent to $117.6 million in 2021 as its enjoyed favourable returns on its management of its assets.
The Bermudian-based holding company …
The Bermudian-based holding company …
Mosaic adds to cyber insurance team in Bermuda
Mosaic Insurance is building out a cyber security underwriting unit in Bermuda, to align its global business strategy around the fast-growing risk.
The Bermudian-based specialty insurer said it has tr…
The Bermudian-based specialty insurer said it has tr…
Apex takes majority stake in distributed ledger company
Bermudian-based Apex Group Ltd, the rapidly expanding global financial services provider, has expanded its digital assets capabilities with the acquisition of a majority stake in Fund Admin Chain, a d…
The war’s effect on the global economy and markets
Only a couple of months ago, investors were hoping for an end to the pandemic. Now, the headlines are dominated by the Russian-Ukrainian war.
After months of amassing troops near the Ukrainian border…
After months of amassing troops near the Ukrainian border…
PwC to embark on strategic hires
Changes are coming to PwC.
The firm said a new strategy focuses on two interconnected needs faced by clients around the world: To build trust and deliver sustainable outcomes.
A press release said: …
The firm said a new strategy focuses on two interconnected needs faced by clients around the world: To build trust and deliver sustainable outcomes.
A press release said: …
Budget seeks more money to fight global tax proposals
Legislators will this week be asked to commit additional funding for government’s continuing work with large countries over tax and regulatory policies.
As a financial centre, Bermuda faces as many as…
As a financial centre, Bermuda faces as many as…
Risk summit a home-run says BDA chair
The pandemic, climate and political risks faced by the insurance industry are challenging because of their unusual scale, a Bermuda Risk Summit panel heard today.
But the challenges they bring are bei…
But the challenges they bring are bei…
Butterfield finishes higher in New York
The RG/BSX Index closed at 2,495, up 32.86 (1.33 per cent), powered by BF&M Ltd. which rose $3.60 (19.8 per cent) to close at $21.75 after 200 shares changed hands on the Bermuda Stock Exchange.
I…
I…
Bermuda ready to ease financial fears in an uncertain world
Bermuda’s re/insurance industry rises to the occasion during uncertain times, attendees at a sold out Bermuda Risk Summit 2022 heard today.
The opening panel discussion of the inaugural Summit, the fi…
The opening panel discussion of the inaugural Summit, the fi…
– The Royal Gazette | Bermuda News, Business, Sports, Events, & Community | Bermudian-based fintech company 24 Exchange has completed its first crypto currency NDF (non-deliver – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community
Bermudian-based fintech company 24 Exchange has completed its first crypto currency NDF (non-deliverable forward) trades on its platform, the organisation announced.
The trades involved ED&F Man C…
The trades involved ED&F Man C…
Perennial chooses Apex for fund administration services
Apex Group Ltd, the global financial services provider based in Bermuda, has been appointed by Australian-headquartered Perennial Partners to provide fund administration services to Perennial Private …
Cruise line caught off guard by court action
Crystal Cruises was left to fend for itself after its parent company sought court protection in Bermuda, the luxury line’s former president has disclosed.
The operator of three ocean cruise ships and …
The operator of three ocean cruise ships and …
Leading Bermuda captive professionals named
Brady Young has been named the most influential person in the captive insurance industry for the second year running.
CEO and chairman of Strategic Risk Solutions, Young claimed the top spot on the an…
CEO and chairman of Strategic Risk Solutions, Young claimed the top spot on the an…
Support for tourism entrepreneurs
Tourism stakeholders and entrepreneurs have been invited to apply for support from the Bermuda Tourism Authority Experience Investment Programme.
The initiative provides marketing or funding support f…
The initiative provides marketing or funding support f…
Long road to gender equality on corporate boards
The Institute of Directors Bermuda and Deloitte Bermuda are to celebrate International Women’s Day by hosting the panel discussion ‘Women in the Boardroom’.
The virtual presentation will be held Thurs…
The virtual presentation will be held Thurs…
Factors that influence how our retirement will turn out
The Bermuda Budget Statement presented on February 25 by David Burt, the Premier and Minister of Finance, was revealing in many respects, some for later discussion. My attention was immediately drawn …
How consumers can take back control
Being a consumer probably isn’t something you like to think about. That word alone can conjure up images of an apocalyptic, dystopian, WALL-E-esque universe where humans are materialistic, wasteful …
AM Best affirms Fortitude’s rating
AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-domiciled Fortitude Reinsurance Company Ltd.
The outlook of t…
The outlook of t…
Bank falls 7.2% for the week on the BSX
Domestic trading lay dormant on the Bermuda Stock Exchange, as the RG/BSX Index closed unchanged at 2,462.14 for the day.
But for the week, the Index was down 148 points (6.01 per cent), pulled down p…
But for the week, the Index was down 148 points (6.01 per cent), pulled down p…
AKJ and RiskCap seal the deal
AK Jensen Group Limited (AKJ), the leading provider of turnkey trading and infrastructure solutions for fund managers, has announced the acquisition of RiskCap Ltd. by affiliated company AKJt Holdings…
CG taps into youth by resuming internships
College students and recent graduates considering career possibilities within the insurance industry are invited to apply for summer internships with CG Insurance.
The in-person programme, which CG pa…
The in-person programme, which CG pa…
Risk summit sold out
The inaugural in-person Bermuda Risk Summit has sold out, the Bermuda Business Development Agency has confirmed.
The event, to be held Monday to Wednesday next week, is the first major, in-person risk…
The event, to be held Monday to Wednesday next week, is the first major, in-person risk…
New taco truck opening in Hamilton
Beef, chicken or fish can be a hard decision for taco lovers.
Now they don’t have to choose, thanks to Paco’s Tacos, a new food truck opening on Front Street.
Paco’s Tacos, run by Kryshae Furbert and…
Now they don’t have to choose, thanks to Paco’s Tacos, a new food truck opening on Front Street.
Paco’s Tacos, run by Kryshae Furbert and…
Sanctions to spur use of digital currency
The impact of economic sanctions on the rouble, Russia’s beleaguered currency, will prompt other countries to speed up their adoption of a digital currency, attendees at the International Tech Summit …
Abir sends students to the Risk Summit
The Association of Bermuda Insurers and Reinsurers (Abir) has sponsored three Bermuda College students to attend next week’s Bermuda Risk Summit.
Isaiah Cabral, Michae Skinner and Rickai Burrows are a…
Isaiah Cabral, Michae Skinner and Rickai Burrows are a…
Bank finishes slightly higher
The RG/BSX Index closed at 2,462.14, unchanged for the day with no trades among domestic companies on the Bermuda Stock Exchange.
In New York, the Bank of N.T. Butterfield & Son Limited closed up …
In New York, the Bank of N.T. Butterfield & Son Limited closed up …
New company provides more testing options
Entrepreneurs Claire McDevitt and Jennifer Burland Adams today launched Fit to Fly BDA, a response to the Bermuda Health Council’s recent call for more certified antigen test providers.
The women met …
The women met …
Bermuda Press rebounds from pandemic loss
The Bermuda Press (Holdings) Limited has reported a consolidated net profit of $228,000 for the year ended 30 September 2021, a $3,208,000 increase compared with 2020.
Overall revenue increased to $19…
Overall revenue increased to $19…
Perez joins HSCM board
Insurance industry veteran Andre Perez has joined the board of advisors of HSCM Bermuda.
Hudson Structured Capital Management Ltd, conducting its re/insurance investment management business as HSCM Be…
Hudson Structured Capital Management Ltd, conducting its re/insurance investment management business as HSCM Be…
New appointment for Apex group
Apex Group Ltd, the Bermudian-based global financial services provider, has been appointed by New Forests to deliver fund services to Tropical Asia Forest Fund 2.
New Forests, a global investment mana…
New Forests, a global investment mana…
Strategic pact for Bermuda insurers
Two of the island’s leading insurance companies have entered into a strategic partnership.
Bermudian-headquartered SiriusPoint Ltd, the global re/insurer, will invest in island-based global specialty …
Bermudian-headquartered SiriusPoint Ltd, the global re/insurer, will invest in island-based global specialty …
New investment rules cover digital nomads
Bermuda’s investment business regulations have been updated to cover remote work and digital nomads, the House of Assembly has been told.
David Burt, the Premier and Minister of Finance, launched the …
David Burt, the Premier and Minister of Finance, launched the …
Chatterbox adds an Indian buffet
Chatterbox Restaurant on Reid Street was a bustling place. The coffee flowed, and the eatery did a lot of catering for the surrounding businesses.
All that changed when Covid-19 hit the world in Mar…
All that changed when Covid-19 hit the world in Mar…
Pandemic has pushed forward technology
During the pandemic many people have become accustomed to doing business remotely.
But Acting Canadian Consul-General Khawar Nasim says post pandemic we will have to push for face-to-face interaction…
But Acting Canadian Consul-General Khawar Nasim says post pandemic we will have to push for face-to-face interaction…
KPMG Investment Challenge drives to exciting conclusion
There have been major moves in the 17th Annual Senior School KPMG Investment Challenge.
The BHS team, Business of Babylon, has begun to put the squeeze on the leaders, the Bermuda Institute team of D…
The BHS team, Business of Babylon, has begun to put the squeeze on the leaders, the Bermuda Institute team of D…
Flexibility of Bermuda fund structures
Investment managers that register their funds in Bermuda will find a flexible fund regime.
The Investment Funds Act governs funds in Bermuda. A fund is an arrangement which enables investors in the fu…
The Investment Funds Act governs funds in Bermuda. A fund is an arrangement which enables investors in the fu…
Bank shares up on NYSE, down on BSX
The RG/BSX Index fell 147.27 (5.64 per cent) to close at 2,462.14, as a result of a slide by Bank of N.T. Butterfield Ltd. on the Bermuda Stock Exchange.
Two stock traded, including Argus Group Holdin…
Two stock traded, including Argus Group Holdin…