Royal Gazette

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…

One of the world’s largest listed dry bulk shipowners has begun a major modernisation of its fleet.
Making the announcement from its Hamilton office, the Nasdaq-listed Golden Ocean Group Limited said …

On Wednesday of this week, in a mind-numbing 26-page reading challenge, the Bermuda Government announced an offer (tender) to redeem (buy back) for cash two of its issues of senior notes from the bon…

As humans, we’re wired for growth. But we’re also prone to laziness, apathy, impulse, stress and guilt­. And right about now is when most of us have let our January resolutions fall by the wayside — …

The RG/BSX Index finished 4.47 points (0.2 per cent) lower at 2,227.83, after one issue traded for the day on the Bermuda Stock Exchange.
BF&M finished at $22.51, down 49 cents (2.1 per cent) on t…

Bermudian-based Ascot Group, the global specialty re/insurer, has launched a new US Marine Insurance structure under the leadership of Tom Nasso, executive vice-president.
The company said the new ins…

Bermuda-based Somers Limited set to go private after its board received a recommendation that the offer for the shares of the company represented fair value at approximately $21 a share.
The valuatio…

A teacher’s first years in education are so overwhelming that half of all new teachers quit within the first five years.
Veteran educator Gina Tucker hopes that her new business, EduCoach, will turn t…

The RG/BSX Index closed unchanged at 2,232.30 as no shares changed hands.
On the New York Stock Exchange, shares of Bank of N.T. Butterfield closed at $32.12, up $1.18, or 3.81 per cent.

Mosaic Insurance has been recognised for its ground-breaking insurtech platform that is innovating risk management, streamlining industry processes, and improving operational efficiency.
The Bermudian…

Axa XL Reinsurance has appointed Peter Kiernan as head of US Property, Bermuda Reinsurance.
Mr Kiernan, who will be based on the island, replaces Simon Penney, who has relocated to London to take up a…

Miami International Holdings Inc, the parent holding company of the Bermuda Stock Exchange, has won a patent case against Nasdaq.
MIH said that the United States District Court for the District of New…

Paul O’Shea, president of Enstar Group Limited, is to retire next March after 28 years serving the company and its predecessor Castlewood Limited.
The Bermudian-based insurer said Mr O’Shea will remai…

Bermuda based financial solutions provider, Emergence, is joining BlackLine’s global Solution Provider Partner Program to meet increasing demand from clients for accounting automation software solutio…

A businesswoman and entertainer who recently gave birth to her fourth child has realised a need to step back a little from her business life.
She is now looking for a buyer for her city retail store, …

As the government continued ongoing debt management efforts, it announced the commencement of offers for the purchase of its senior notes.
It involves an offer to buy the outstanding 4.138 per cent Se…

The RG/BSX Index finished at 2232.30, up 1.77 points or 0.08 per cent for the day.
Argus Group Holdings Ltd closed at $6.35 as 6,000 shares changed hands on the Bermuda Stock Exchange.
Watlington Wate…

Chainproof has launched today in Bermuda as the world’s first regulated smart contract insurance provider.
The pioneering organisation was incubated by San Francisco headquartered Quantstamp Inc, a le…

The Bermuda Monetary Authority has issued a public warning regarding Renfrew Capital Management.
The BMA said Renfrew is operating a website at http://renfrewcapitalmgmt.co/ that appears to offer inve…

KBRA has said they have affirmed the BBB+ issuer rating of Hamilton Insurance Group, Ltd. (Hamilton Group), a Bermuda-based holding company, and the A insurance financial strength rating of Hamilton R…

Property, commercial and speciality re/insurer IQUW, which has a presence in Bermuda, has appointed RQA Group to be its retained crisis consultants globally for its recently-launched specialty product…

Marsh McLennan has extended its dominance as the world’s largest re/insurance broker, generating revenues of $19.8 billion in 2021, reports industry website Reinsurance News.
The website’s directory o…

Ligaya Sanchez-Wilson is the latest in the Bermuda pupillage of Walkers Bermuda.
Ms Sanchez-Wilson has been working as a paralegal in the law firm’s insolvency & dispute resolution team since Apri…

On a small patch of land, Malachi Symonds has an orchard bursting with fruit.
One citrus tree alone carries more than 150 lemons.
His secret is a fertiliser he makes with his new biodigester, a machi…

The RG/BSX Index fell 16.09 points (0.72 per cent) to close at 2,230.53 for the day.
Bank of N.T. Butterfield Ltd closed at $30, down 30 cents (1.0 per cent) after 2,000 shares ($60,005.00) changed ha…

Oliver Linch is the new CEO of Bittrex Global, the crypto currency exchange, replacing Stephen Stonberg.
The boards of directors of Bittrex Global GmbH of Lichtenstein and Bittrex Global (Bermuda) Ltd…

Apex Group Ltd, the Bermudian-based, global financial solutions provider has announced the planned acquisition of Darwin Depositary Services, which provides depositary services to alternative investme…

Fourteen Bermudian college and university students have been selected for the summer internship programme at international law firm Appleby
The internship, ranging from two to 13 weeks, assigns each s…

Bermudian-based insurance executive David Rocke has been appointed as group head of M&A at RiverStone International, the industry-leading acquirer and reinsurer of legacy and discontinued insuranc…

Bankers last night reacted to the direct hit they took from government on Friday when David Burt, the Premier and Minister of Finance raised alarm on the floor of the House of Assembly at the escalati…

The RG/BSX Index finished at 2,246.62, up 4.28 points or 0.19 per cent.
Argus Group Holdings Ltd closed at $6.35, up four cents (0.6 per cent) on volume of 10,100.
Bermuda Aviation Services Ltd. ende…

Lindo’s Group of Companies has officially launched Next Level, the organisation’s new bulk buy store in Devonshire, which has led to new jobs.
The name is a playful riff on the store’s location, direc…

Everest Reinsurance, the reinsurance division of Bermudian-based Everest Re Group Ltd, has announced Brent Hoffman will join the company as senior vice president, head of claims and chief operations o…

Resolution Re, the Bermudian reinsurance platform of Resolution Life, the long-term legacy life insurance solutions provider, has entered into a reinsurance agreement with The Dai-Ichi Life Insurance …

The credit ratings of BF&M Limited and its insurance subsidiaries remain unchanged following the company’s announcement of a strategic review, AM Best has reported.
The ratings agency’s report inc…

Four Bermuda Foundation for Insurance Studies scholars flew to London on the weekend for an intensive two-week internship.
They visit 18 (re)insurance companies and other related organisations during…

American Overseas Group Limited, the Bermudian-based holding company, has reported consolidated net income available to common shareholders of $700,000, or $15.06 per diluted share, for the three mont…

Envelop Risk continues to grow its Bermuda platform with the hiring of David Ross, the accomplished underwriter with ILS experience in both deal analytics and capital management.
The MGA and cyber te…

Relm Insurance has explained that a Canadian regulator’s claim of inappropriate advertising in Ontario is based on a misunderstanding and not any company wrongdoing.
The company issued a statement thi…

The government has threatened Bermuda’s banks to rein in escalating bank fees and globally-abnormal bank charges, or face government-imposed limits.
And a near 10 year old Progressive Labour Party pro…

Bermuda International Long Term Insurers and Reinsurers has increased the size of its board of directors from 10 to 15 with the appointment of an additional five members.
Biltir, which represents 68 l…

Relm Insurance has explained that a Canadian regulator’s claim of inappropriate advertising in Ontario is based on a misunderstanding and not any company wrongdoing.
Last week, the Financial Services …

This is the first in a series of excerpts from a financial primer written by the author for modern women and their future financial security, to be published in late winter 2022.
The last few weeks of…

Dear Dave,
My father-in-law passed away earlier this year. Since then, my wife and I have faced a dilemma because of the inheritance. Her dad had several life insurance policies, and he left one to he…

The RG/BSX Index finished unchanged at 2,242.35 for the day after only one issue traded on the Bermuda Stock Exchange.
A total of 2,338 shares of Argus Group Holdings Ltd. ($14,746.26) changed hands b…