Business
Mullarkey promoted at Axis Specialty Europe
Bermudian-based Axis Capital Holdings Limited has appointed Fintan Mullarkey as CEO of Axis Specialty Europe SE, subject to regulatory approval.
ASE is Axis Capital’s specialty insurance legal entity …
ASE is Axis Capital’s specialty insurance legal entity …
Fortitude Re moves into the Asian market
Fortitude Re has announced the signing and closing of a $4 billion reinsurance transaction between its subsidiary, Bermudian-based Fortitude Reinsurance Company Ltd, and Taiyo Life Insurance Company, …
New Lloyd’s investment relationship
The Lloyd’s market has appointed Schroders Solutions as the investment partner of its new investment platform.
Lloyd’s said the open-architecture firm manages £150 billion of global assets for insuran…
Lloyd’s said the open-architecture firm manages £150 billion of global assets for insuran…
Tomika arranges that extra special, romantic date
Tomika Smith just loves to see other people in love.
“I just get a kick out of it,“ Ms Smith said.
But over the years she heard a lot of friends complaining that their partners just were not romantic…
“I just get a kick out of it,“ Ms Smith said.
But over the years she heard a lot of friends complaining that their partners just were not romantic…
Enstar donates $100,000 to Ukrainian relief
Staff at Enstar insurance have donated $50,000 to Ukrainian relief, the majority of the contributions coming from Bermuda.
Enstar matched staff generosity with a $50,000 donation to the Red Cross’s Uk…
Enstar matched staff generosity with a $50,000 donation to the Red Cross’s Uk…
CS victims turn up pressure on Credit Suisse
Credit Suisse Group has indicated that an appeal is coming after the Supreme Court decision that went against their Bermuda subsidiary, Credit Suisse Life (Bermuda).
But they are facing other client…
But they are facing other client…
Bank stock closes lower
The RG/BSX Index adjusted modestly higher, up by 0.24 (0.01 per cent) closing at 2,565.98, after one issue traded.
Argus Group Holdings Ltd. closed a penny higher (0.2 per cent) at $6.11 on a volume o…
Argus Group Holdings Ltd. closed a penny higher (0.2 per cent) at $6.11 on a volume o…
Nabors invests in plasma driller pioneer
Bermudian-based Nabors Industries Ltd has added to its clean energy portfolio with an $8 million investment in GA Drilling, a.s., the geothermal technology company with headquarters in Bratislava, Slo…
Centaur bought by Waystone Group
Centaur Group, the Irish-headquartered global fund administration and fiduciary services provider with an office in Bermuda, is to become part of Waystone Group, an institutional provider of services …
HSCM company acquires terrorism writer
Occam Underwriting, the London-based specialist lines focused managing general agency, has completed the acquisition of Beech Underwriting Agencies Limited having received the required approval from t…
GCX clients improve Middle East penetration
Global Cloud Xchange, the Bermudian-based submarine cable network owner/operator, has expanded its partnership with digital infrastructure company Equinix.
GCX said the deal provides its customers wit…
GCX said the deal provides its customers wit…
Ocil reports $37 million loss at AGM
Bermudian-based Oil Casualty Insurance Ltd has reported a net loss of $37 million for the year November 30, 2021.
Ocil is a Class 3B licensed insurer that provides various forms of coverage for a broa…
Ocil is a Class 3B licensed insurer that provides various forms of coverage for a broa…
‘Skyrocketing’ import costs hit retailers
Despite newly released retail sales figures showing an 8.8 per cent drop in sales in December, several local store owners told The Royal Gazette that Christmas was not so terrible.
“Sales were down c…
“Sales were down c…
Georgian billionaire claims victory over Credit Suisse
A damning “indictment” of the business dealings of Credit Suisse bank follows a Supreme Court judgment in which more than half a billion dollars were at stake and where the court found fraud in policy…
Board changes at Nordic American
Financial services veteran Jenny Chu’s appointment to the board of directors of Bermudian-based Nordic American Tankers Limited, comes at the same time Dallas-based Doug Penick will be leaving to focu…
Mosaic builds London team
Bermudian-based Mosaic Insurance has expanded its international transactional liability team in the United Kingdom, offering what it says is certainty amid an increasingly volatile cross-border deal e…
Island Finance Forum next month
Walter Roban is to deliver a keynote address at next month’s Island Finance Forum.
Roban, Bermuda’s deputy premier and home affairs minister, will do so in a forum session on exploring insurance and c…
Roban, Bermuda’s deputy premier and home affairs minister, will do so in a forum session on exploring insurance and c…
Bank stock closes higher
The RG/BSX Index remained unchanged for the day at 2,565.74, with no activity for domestic companies on the Bermuda Stock Exchange.
Meanwhile, the Bank of N.T. Butterfield & Son Limited finished u…
Meanwhile, the Bank of N.T. Butterfield & Son Limited finished u…
Apex launches disruptor forum
Apex Group Ltd, the Bermudian-based global financial services provider, in partnership with the Digital Leadership Forum, has announced the launch of the Financial Services Disruptor Forum powered by …
No Christmas cheer for retailers
December 2021 was a less than merry month according to the latest retail sales report from the Department of Statistics.
The December 2021 Retail Sales Index report showed that the volume of retail sa…
The December 2021 Retail Sales Index report showed that the volume of retail sa…
Georgian oligarch’s attention is split between Bermuda court and Ukraine conflict
Oligarchs now facing sanctions and the discomfort of seeing their luxurious lifestyles thrown into the spotlight may be disconcerted to recall that one of their number, just four months ago in a Bermu…
Oligarch wins $500m lawsuit against Swiss banking giant
Georgian oligarch Bidzina Ivanishvili has won a massive half billion-dollar lawsuit against Swiss banking giant subsidiary Credit Suisse Life (Bermuda).
Chief Justice Narinder Hargun’s ruled that the …
Chief Justice Narinder Hargun’s ruled that the …
Cayman may consider Bermuda wage issue
The Cayman Islands may keep an eye on Bermuda as they review a $6-an-hour minimum wage implemented in March 2016.
The Cayman Compass is reporting broad support for a review of the six-year-old ben…
KPMG sells restructuring practice to Teneo
KPMG in Bermuda has sold its restructuring practice to Teneo, the New York-headquartered global CEO advisory firm.
As part of the transaction, Mike Morrison and Charles Thresh will be leaving the firm…
As part of the transaction, Mike Morrison and Charles Thresh will be leaving the firm…
McIntosh is new SVP at Clarien Bank
Pearline McIntosh has been appointed to the position of SVP, head of private banking, at Clarien Bank.
She will be responsible for the day-to-day management of the private banking team within Clarien’…
She will be responsible for the day-to-day management of the private banking team within Clarien’…
Bank stock softens
The RG/BSX Index remained unchanged for the day at 2,565.74, with no activity for domestic companies on the Bermuda Stock Exchange.
Meanwhile, the Bank of N.T. Butterfield & Son Limited fell 50 ce…
Meanwhile, the Bank of N.T. Butterfield & Son Limited fell 50 ce…
BF&M 2021 earnings up on 2020
BF&M Limited is reporting net income of $25.2 million for the 2021 financial year to December 31, an improvement over 2020 earnings of $20.5 million.
The company said the results equated to an ann…
The company said the results equated to an ann…
AG subsidiary backs Yorkshire Water
A subsidiary of Bermudian-based holding company Assured Guaranty Ltd has issued a £170-million, five-year debt service reserve guarantee to benefit Yorkshire Water Services Limited, a member of the Yo…
Oil mutual returns capital to shareholders
Bermudian-based Oil Insurance Limited has reported a net profit for 2021 of $667.5 million, which included a $266 million underwriting profit.
That compares with a net profit of $466.5 million in 2020…
That compares with a net profit of $466.5 million in 2020…
Promotions at Allied World
Twelve Allied World Bermuda employees were recently promoted in recognition of their many contributions to the organization.
“It is great to see each of these individuals recognised for their hard wo…
“It is great to see each of these individuals recognised for their hard wo…
Spencer-Arscott and Bennett preside over fundraisers
Ann Spencer-Arscott and Katie Bennett have been appointed co-presidents of the Bermuda chapter of the Association of Fundraising Professionals.
An AFP Bermuda spokesperson said: “We are delighted to a…
An AFP Bermuda spokesperson said: “We are delighted to a…
KPMG sells its restructuring business
Mike Morrison and Charles Thresh have joined Teneo following the global CEO advisory firm’s acquisition of KPMG’s restructuring business in Bermuda.
Morrison, who joins as co-chair, international fina…
Morrison, who joins as co-chair, international fina…
Kelli’s seaglass work gets worldwide attention
St George’s is quiet before the kick-off of cruise ship season, but Kelli Thompson’s Saltwater Jewellery Designs shop just had five million virtual visitors.
On March 6, Ms Thompson and her seaglass p…
On March 6, Ms Thompson and her seaglass p…