Royal Gazette

Digicel has signed a landmark five-year deal with St Vincent and the Grenadines National Telecommunications Regulatory Commission, providing thousands in the region with high speed internet access.
T…

The RG/BSX Index closed unchanged at 2,230.73 with no trading on the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited rose 90 cents (2.72 per cent) to close at $33.93…

A new report from KPMG says island governments are developing new or refreshed national economic strategies to get their countries on the right track, after being hard hit by the pandemic.
The report …

Ashly Turner has been appointed to lead US Energy Insurance and Steve Blackwell to lead US Life Sciences Insurance at Hamilton Select Insurance Inc., Hamilton’s newly-launched E&S insurer with a F…

Mandarin Oriental International Limited is selling the luxury and iconic Mandarin Oriental, Washington DC, for some $139 million with a post-tax, non-trading gain of approximately $45 million to be re…

Twenty Bermudian students received scholarships worth $605,000 to support their further education at the Association of Bermuda International Companies Education Awards.
One of the island’s largest an…

The RG/BSX Index closed unchanged at 2,230.73 after one issue traded on the Bermuda Stock Exchange.
There were 300 shares ($1,200) of West Hamilton Holdings Ltd traded during the day, before it closed…

The four recipients of Walkers (Bermuda) Limited’s 2022 scholarships and bursary awards are interning with the law firm this summer.
The firm announced that Jasmin Brown will receive Walkers’ 2022 sch…

A US Court ruling that supported a division of Everest Re Group Ltd. has been affirmed by a federal appeals court, Business Insurance has reported.
The lower court ruling said the Everest Re unit does…

A programme launched to help develop Bermuda’s entrepreneurs has just welcomed their biggest ever cohort into the programme.
Enterprise Bermuda is funded through Bermuda’s premier source of free confi…

A unit of the Association of Bermuda International Companies is focused on promoting a more diverse and inclusive workforce.
Philip Vandoninck, chair of ABIC’s Diversity, Equity & Inclusion Commit…

The Government will have the ability to dictate to banks what fees they can impose on customers under legislation passed in the House of Assembly on Friday.
The Banks and Deposit Companies Amendment A…

AM Best has affirmed the credit ratings of StarStone Insurance Bermuda Limited and Its European subsidiary.
The rating agency affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term…

Retail sales reversed a nine month trend and rebounded for spring, as reflected in the April 2022 Retail Sales Index.
The Ministry of Economy and Labour said April’s retail sales grew 14.2 per cent co…

The RG/BSX Index fell 0.39 (0.2 per cent) to close at 2,230.73 after 400 shares of Bermuda Press (Holdings) Ltd traded and the issue closed down 25 cents (5.0 per cent) at $4.75.
There was no further …

The Bank of N.T. Butterfield & Son Limited has issued a warning to shareholders with regard to the offer by New York Stock and Bond LLC to purchase up to 50,000 of Butterfield’s ordinary shares, o…

Lawyers from Appleby’s Bermuda, Cayman Islands and Jersey private client & trusts practices have received high rankings in the recently released 2022 High Net Worth Guide by Chambers Global.
Sourc…

Bermuda’s restaurant scene is slowly returning to its pre-pandemic splendour, but not without the weight of technical, logistical, health and financial obstacles.
Casablanca, in Washington Lane, offic…

Caribbean businesses will be challenged to build a better talent pipeline and create an environment that satisfies the talent into remaining in the region.
PwC’s Global Workforce Hopes and Fears surve…

Carey Olsen Bermuda Limited has again been ranked as a Band 1 firm for its trusts and private wealth practice in the latest edition of the Chambers and Partners High Net Worth guide, according to a st…

The RG/BSX Index closed at 2,231.11, down by 0.34 or 0.02 per cent, as only 250 shares ($1,000) from West Hamilton Holdings Ltd traded down 21 cents (5.0 per cent) to $4 on the Bermuda Stock Exchange….

A global leader in corporate and fiduciary services, fund administration and capital markets that is based in Bermuda, has been recognised for its significant impact in the private client sector, duri…

For the seventh year in a row, Conyers has received the ranking of Band 1 for its offshore trusts practice in Bermuda in Chambers High Net Worth 2022.
Conyers is described in the current guide as “re…

The RG/BSX Index closed 4.56 (0.21 per cent) higher at 2,231.45 for the day, with only one issue trading on the Bermuda Stock Exchange.
BF&M Ltd finished up 50 cents (2.2 per cent) at $23.25 after…

Alexis Lodge, who attended Bermuda High School before completing the two year Saltus Graduate Programme, has been selected as the 2022 Robert Clements Scholar in the award’s twenty-sixth year, the Chu…

French mutual insurer Covéa has completed its $9 billion purchase of Bermudian-based reinsurer PartnerRe from Exor, the companies have announced.
In conjunction with the close of the sale, Thierry De…

Stavan Desai has been promoted to head of Americas, and Katherine Spenner has been named global chief legal officer of Mosaic Insurance’s transactional liability division.
The appointments come on the…

S&P Global Ratings has highlighted the very strong competitive position of Assured Guaranty Ltd., the publicly traded holding company based in Bermuda.
The rating agency has also pointed to the co…

Network service provider Global Cloud Xchange claims a strong close to their fiscal year, ending March 31, 2022.
GCX Holdings Limited (Bermuda), operating as Global Cloud Xchange (GCX), offers network…

Bermuda-based Apex Group Ltd has acquired the technology platform and conference business of Context365 LLC, a provider of technology and events that connects alternative asset class investors with hi…

PwC’s Global Workforce Hopes and Fears Survey 2022 has revealed that the pandemic-related exodus of workers from the workplace may be more of a trend than a one-time headache for employers.
Yet, many …

The RG/BSX Index closed 0.94 of a point (0.04 per cent) lower at 2,226.89.
The only advance on the Bermuda Stock Exchange for the day was BF&M Ltd, which finished 24 cents (1.1 per cent) higher a…

Debt refinancing is on the menu as Government announced the pricing terms of its purchase offers for the outstanding 4.138 per cent Senior Notes due 2023 (outstanding principal amount of $353,905,000)…

VSS Capital Partners, the New York-headquartered private investment firm investing in healthcare, business services and education, has added W. Preston Hutchings as senior adviser.
Leveraging his thr…

The Bermuda Business Development Agency, in association with Oxbow Partners, will air a webinar about Bermuda’s ESG maturity.
This latest edition of the Bermuda Angle webinar series – entitled ‘Bermud…

Mike Wells has been appointed CEO of the European retirement services group, Bermuda-domiciled Athora Holding Ltd., subject to regulatory approvals.
Michele Bareggi has been promoted to the newly crea…

Uber Technologies Inc routed a portion of company wide profits through a Bermuda subsidiary in a complex corporate tax structure to cut its tax bill, which their European lobbyist saw as the company’s…

Since the Government’s Economic Investment Certificate initiative began more than 16 months ago, 19 applications have been approved, representing investments of more than $325 million into the local e…

The RG/BSX Index closed unchanged at 2,227.83 as the Bermuda Stock Exchange remained idle for the day.
The Bank of N.T. Butterfield & Son Limited closed down 23 cents (0.71 per cent) at $31.99 on …

CrossTower, the crypto currency exchange and non-fungible token marketplace with an office in Bermuda, is partnering with Ripple, a leader in enterprise blockchain and crypto solutions, to add non-fu…

Chubb has announced that Natalie Chiaramonte has been named president of Sovereign Risk Insurance Ltd, a leading Bermuda-based underwriter of political risk insurance and reinsurance.
Ms Chiaramonte p…

Bermuda-based SiriusPoint Ltd has agreed a strategic partnership and investment with European managing general agent Alta Signa Holdings, which specialises in financial and professional lines insuranc…

Two graduates of a foundation reinsurance course at the Bermuda College have been awarded new scholarships to attend St. John’s University’s Maurice R. Greenberg School of Risk Management Insurance an…

Catalina Holdings (Bermuda) Ltd has named new chief executive officers for its US and Asia operations.
Loh Wei-Lyn has been named as CEO of Asia, replacing Martin Kauer who retired in May, while Lua…

Since the government’s Economic Investment Certificate initiative began more than 16 months ago, 19 EIC applications have been approved, representing investments of over $325 million into the local ec…

Investment manager Foord Asset Management has appointed Apex Group Ltd, the global financial services provider based in Bermuda, to support its expansion into the Australian market.
Apex will provide …

Bermuda is highlighted in the latest report from the International Consortium of Investigative Journalists as a central location used by ride-share giant Uber in its tax planning.

The Uber Files p…

Ashley Pacheco and Michae Skinner have been announced as recipients of annual scholarships awarded by PwC Bermuda, the accounting and professional services firm.
Ms Pacheco, who attends Dalhousie Univ…

Rise Marketing is launching a monthly marketing membership for small to medium-sized businesses.
The organisation said that members will have access to revenue-generating marketing tips, lessons and g…