Royal Gazette

Bermudian-based Enstar Group Ltd has completed the previously announced transaction between one of its wholly-owned subsidiaries with Insurance Australia Ltd, on behalf of Insurance Australia Group, f…

Six aspiring entrepreneurs have been awarded certificates at a graduation ceremony for the seventh cohort of the annual Summer Student Entrepreneur Programme presented by the Bermuda Economic Developm…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a+” (Excellent) of the operating subsidiaries of Bermudian-based Axis Capital Holdings L…

Nancy Gosling is part a growing number of Bermudians investing in property in the Azores.

She and her husband, who is from the Azores, started visiting when they married 14 years ago, and decided to …

Bermuda’s well-earned reputation as a pre-eminent offshore financial centre is due in part to its sophisticated legal framework that supports a variety of business structures.
Among the various corpor…

David White is to become head of Aviation, Axis Global Markets, on October 1.
Mr White will succeed Terry Wood, who has decided to retire at the end of September.
One of Axis’ earliest team members, t…

Kristopher Lynn has joined the Bermuda office of Lockton Re as a senior broker and practice leader for the company’s new global agriculture practice.
Nick Durant, chief executive, North America, Lockt…

Sun Global Luna, a savings-oriented non-participating whole life product is the newest addition to the portfolio of Sun Life International.
Aimed at helping high net worth clients plan for wealth acc…

Bermudian-based Allied World Assurance Company Holdings Ltd has announced a partnership with the US-based Special Operations Warrior Foundation.
Through a newly created endowment, the company said, th…

AM Best has affirmed the credit ratings of Bermudian-headquartered Global Atlantic Financial Group Ltd and its subsidiaries, including island-based affiliates Global Atlantic Re Ltd and Global Atlanti…

Relm Insurance, the Bermudian-based specialty insurance carrier supporting emerging and innovative industries, has announced that Francesca Faedi has joined the company as a senior adviser to support …

Bermudian-based Arch Capital Group Ltd has appointed Dan Houston and Neal Triplett to the company’s board of directors.
The company said Mr Houston is a seasoned executive with a wealth of experience …

Coldwell Banker Bermuda has seen a surge in local interest in the Azorean property market, since partnering with Coldwell Banker Portugal in 2022.
The firm’s president and chief executive, Brian Madei…

The Caribbean island of Grenada has become the first country in the world to use a “hurricane clause” in a government bond — a special feature that allows authorities to postpone debt payments in the …

Asia Pacific Wire & Cable Corporation Ltd, the holding company incorporated in Bermuda, has reported a net loss attributable to APWC shareholders of $0.5 million for the first six months of 2024.
…

Lily Martin has been awarded the inaugural Jonathan Betts Legal Scholarship in the amount of $30,000 by the Bermuda office of law firm Walkers.
The scholarship is named in honour and memory of Mr Bett…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Bermudian-based Enact Re Ltd.
ERL is a Class 3A Bermuda insurer and r…

Bacardi Rum is to continue its partnership with MTV and Paramount Brand Studio as the Spirits Partner of the 2024 Video Music Awards for the second year.
Bacardi will be featured in the VMA ceremony o…

Annarita Marion will take over as chairwoman of the board of the philanthropic organisation, Centennial Bermuda Foundation, before the end of the year.
On December 5 she succeeds Tom Conyers, who is s…

A business set up to offer consumers low-cost products is to close next month owing to a fall in demand.
Fresh Ltd opened on Queen Street in 2022 under the motto “Fresh where low prices are the law …”…

BE Solar has completed what they called “an innovative solar panel project” at the Argus Group’s Wesley Street headquarters in Hamilton.
The company stated the 130 Aptos panel system installation is …

Bermuda’s lower income households have the least confidence in the island’s economy since consumer confidence tracking began 25 years ago.
A new survey has determined that non-Bermudian confidence is …

“… We have deluded ourselves into believing the myth that capitalism grew and prospered out of the protestant ethic of hard work and sacrifice. The fact is that capitalism was built on the exploit…

Claims for damages from Hurricane Ernesto, which hit the island as a category one storm, have not been as bad as first feared, according to insurance companies.
Ernesto brought hurricane or tropical s…

Bermuda’s reinsurance sector was a main driver as total dedicated reinsurance capital in 2023 jumped by 7 per cent to $568 billion, with an even larger increase projected for 2024, a report by AM Best…

Compre Group Holdings Ltd, the Bermudian-domiciled international legacy and reinsurance group, has completed a legacy reinsurance transaction with Accelerant, a data-driven risk exchange, following ap…

Warburg Pincus, the New York-headquartered global growth investor, has made a $100 million investment in Miami International Holdings Inc, the parent company of the Bermuda Stock Exchange.
Making the …

Ratings agency, Moody’s, has upgraded Digicel International Finance Limited corporate family rating and its senior secured bank credit facility ratings to B3, with a stable outlook.
In a statement, M…

When it comes to planning for retirement, the sooner the better is always key. The more time you plan, the better the chances of having a financially sound and comfortable retirement.
Now don’t get …

Dear Dave,
My husband lost his job four months ago, and we’re close to losing our home. I’m working three jobs trying to keep our heads above water, while he’s “waiting for the right opportunity”. I u…

The RG/BSX Index closed today unchanged at 2,410.42 after a day of no trading on the Bermuda Stock Exchange.
For the week, the Index was down 80.45 points (3.33 per cent) on share volume of 7,502 and …

Senior independent director Colin Keogh has been confirmed as interim chairman of Hiscox Ltd following the death of Jonathan Bloomer earlier this week.
Mr Bloomer, his wife Judy, and five others peris…

Bermudian-based Ascot Group, the global specialty insurance company, has launched a unified capital management platform, Leadline Capital Partners, to support its expanded third-party capital business…

An independent provider of global risk and financial advisory solutions has appointed Dylan Edward Marshall as a director at its restructuring practice in Bermuda.
Mr Marshall, who has 12 years of res…

Carey Olsen has advised Paratus Energy Services Limited, a leading energy services holding company incorporated in Bermuda, on the successful private placement of $500 million in new five-year senior …

Aegon Ltd, the Bermudian-domiciled international financial services holding company, has reported a net loss of €65 million, or approximately $72.3 million, in the first half of the year.
The company’…

Health businesses and professionals are being reminded that the deadline for written feedback on proposed regulations for high-risk health technology and health service provider licensing is September…

After conducting Bermuda’s first-ever hair follicle transplants, a local doctor predicts that having the surgery on island could boost Bermuda’s fledgeling medical tourism industry.
Kyjuan Brown of No…

Reinsurers generated returns well above the cost of capital in 2023 due to positive underwriting results, driven by repricing and portfolio de-risking, a report by ratings agency AM Best has revealed….

The RG/BSX Index remained at 2410.42 in the absence of trading on the Bermuda Stock Exchange for a second day.
Meanwhile, Butterfield Bank ended up 41 cents (1.12 per cent) on the New York Stock Excha…

BW LPG Ltd, the liquefied petroleum gas shipper, has reported a second quarter net profit after tax of $85 million, yielding an annualised return on equity of 21 per cent with $53 million free cash fl…

The family of Hiscox Group non-executive chairman, Jonathan Bloomer has confirmed the deaths of Mr Bloomer and his wide Judy, after the sinking of a luxury yacht in Italian waters Monday.
The Bloomer …

The total net asset value of investment funds in Bermuda increased by more than 3 per cent to $286.46 billion in the second quarter of the year, the Bermuda Monetary Authority has reported.
The quarte…

Axis Capital Group has appointed industry veteran Jonelle Horta as head of Cyber Resiliency Services on its Cyber Risk Advisory team.
Her previous career appointments include 12 years at Allied World …

Seven directors have been re-elected at the annual general meeting of Borr Drilling Ltd, the Bermudian-based oilfield services company.
Re-elected were Tor Olav Trøim, Alexandra Kate Blankenship, Neil…

The Bermuda captive of one of the world’s largest car manufacturers has had its excellent credit ratings affirmed by AM Best.
The Nissan Motor Corporation is the Japanese multinational automobile manu…

Local solar panel companies have been flooded with calls from people interested in solar power after Hurricane Ernesto left thousands of people in the dark.
Kristian Smith, solar concierge at Greenli…

New tax legislation is headed to the Bahamas parliament this year with regard to the new global corporate income tax, as the country remains engrossed in a public consultation on the issue that will c…

A drug-free nasal spray for personal protection against airborne allergens that was developed by a Bermudian-headquartered company has tested successfully for the absence of more than 230 prohibited s…

Flex LNG Ltd, the liquefied natural gas shipping company based in Bermuda, has reported second-quarter net income of $21.8 million, a drop from the first-quarter net income of $33.2 million.
Vessel op…