Royal Gazette

The RG/BSX Index closed unchanged at 2,116.51, with no trading on the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited fell 29 cents (0.97 per cent) to close at $29.7…

Industry veteran Sima Ruparelia is to join PartnerRe Ltd, the Bermudian-based global re/insurer, on June 27 in the role of chief actuarial and risk officer.
Ms Ruparelia will be responsible for risk a…

TeleBermuda International Limited has partnered with net2phone, a US-based cloud communications provider, to provide its unified communications-as-a-service (UCaaS) solutions to TBi’s business custome…

For the first time, American International Group has been recognised as one of the 50 most community-minded companies in the United States.
AIG was given the honour by Points of Light, a non-partisan,…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior) of the operating subsidiaries of Bermudian-based Everest Re Group Ltd.
T…

BMS, the independent specialist insurance and reinsurance broker has acquired SRG Group, the Australian corporate retail broker with operations in Perth and Queensland.
This comes ten months after BMS…

Leaders from the Bermuda and Lloyd’s reinsurance market joined David Burt, the Premier and finance minister, in a round table discussion in London.
The Association of Bermuda Insurers and Insurers org…

The Bank of N.T. Butterfield & Son Limited responded to Wednesday’s 75 basis point increase in the US Federal Funds Rate by adjusting its interest rates on loans and selected deposits by half a pe…

Ignite Bermuda has launched its annual eight-week internship programme for aspiring young entrepreneurs.
The Young Adult Entrepreneurial Internship, now in its second year, aims to support local young…

The Bank of N.T. Butterfield & Son Limited responded to Wednesday’s 75 basis point increase in the US Federal Funds Rate, by adjusting its interest rates on loans and selected deposits by half a p…

KBRA affirms the following insurance financial strength ratings of the insurance subsidiaries of the Tower Hill Insurance Group: A- for Tower Hill Prime Insurance Company (TH Prime) and BBB+ for Tower…

The RG/BSX Index fell 24.14 points (1.13 per cent) to 2,116.51 for the day.
The decline was driven by the only issue trading, Bank of N.T. Butterfield Ltd., which fell 45 cents or 1.5 per cent to $29….

Pine Walk Capital Limited, the London-headquartered specialist MGA platform that is a subsidiary of Bermudian-based Fidelis Insurance Holdings Limited, has launched a seventh MGA.
Pine Walk said Perni…

John Duda has joined the Bermuda office of Miller, the independent specialist re/insurance broker, as head of ILS development and capital management products.
In his new role, Mr Duda will focus on de…

Apex Group Ltd, the Bermudian-based global financial services provider, is to expand its presence in Malta with the announcement today of the planned acquisition of ZASMalta, a specialist provider of …

The newest Hamilton art gallery is located in a thrift shop, but there is nothing second hand about the artwork.
Habitat for Humanity Bermuda officially launched the gallery earlier this month, two ye…

The Cayman Island Consumer Price Index increased by 11.2 per cent in the first quarter of this year when compared to the same period in 2021, the Cayman News Service has reported.
The CNS commented th…

The RG/BSX Index plunged 101.43 (4.52 per cent) to close at 2,140.65, dragged down by the only two issues trading for the day.
Bank of N.T. Butterfield Ltd closed at $29.95, a drop of $1.05 (3.4 per c…

The six-day blockage of a vital maritime trade route last year by the Ever Given containership could result in more than $2 billion in claims, a leading French reinsurer has said.
The Ever Given, whic…

Bermudian-based Randall & Quilter Investment Holdings Ltd has reported a loss of $127.4 million for fiscal year 2021.
That compares with a profit of $37.7 million in the prior year.
The group IFRS…

The Bermuda Monetary Authority confirmed the registration of five insurers in May, taking this year’s number of new registrants to 32.
The BMA approved two restricted special purpose insurers – Eagle …

Apex Group Ltd, the global financial services provider based in Bermuda, has been appointed by 3iQ Digital Asset Management, Canada’s largest digital asset investment fund manager.
With $1.4 billion i…

Fitch Ratings has assigned an ‘A+’ insurer financial strength rating to Athene Annuity Re Ltd.
The rating outlook is stable.
The ratings previously assigned to Athene Holding Ltd. and its insurance s…

An insurance company set up in Bermuda nearly a decade ago is to provide drought-affected households in Malawi with swift relief with an upcoming climate insurance payout.
The payout will be made by A…

Soaring inflation has upended the financial markets this year, resulting in sliding asset prices and elevated volatility.
Cautious investors continue to brace for unfriendly central bank policies des…

A decision by Narinder Hargun, the Chief Justice, has settled a four-year-old dispute in the island’s collateralised insurance sector with a first-of-its-kind determination.
Mr Justice Hargun’s decisi…

There was no trading for the day on the domestic board of the Bermuda Stock Exchange.
The RG/BSX Index stood still at 2,242.07.
The Bank of N.T. Butterfield & Son Limited sunk 62 cents (2.07 per …

Four Bermudians at law firm Carey Olsen Bermuda Limited are to receive promotions.
Kyle Masters, Sam Stevens and Jay Webster are to join the Carey Olsen group partnership and Michelle Falcucci is to b…

Somers Limited, the Bermudian-based financial services investment holding company, has received an unsolicited offer from shareholders representing approximately 95 per cent of the company’s issued sh…

A company in which Bermudian-based Athene Holding Ltd is lead investor has signed a stock purchase agreement with LeasePlan Corporation to acquire LeasePlan USA.
LeasePlan Corporation, the car-as-a-se…

Bermudian-headquartered Keon Foundation Ltd has partnered with Boston-based Algorand as the layer-1 blockchain solution for its regulated decentralised finance asset management ecosystem.
The foundati…

The Bermuda Business Development Agency continues to drive a promotional agenda for the island, with events scheduled through October aimed at widening interest internationally in “Bermuda’s aspiratio…

The Bermuda Hospitals Auxiliary is in desperate need of more volunteers to help them run The Barn, one of the largest thrift stores in Bermuda.
“Since the pandemic, many of our volunteers have not re…

The insurance industry has been warned of the social risks of blindly withdrawing insurance cover, and divesting, from so called “dirty industries”.
The warning comes as increasing eco-activism centre…

AM Best has affirmed the financial strength rating of A (Excellent) and long-term issuer credit rating of “a” (Excellent) of Bermudian-based Lion Reinsurance Company Limited.
The outlook of these cred…

Bacardi Limited, the Bermudian-based global spirits company, is continuing its fight to eliminate single-use plastic.
The family-owned drinks giant said it has partnered with the Beyond Plastic Bermud…

Student loans have become quite the hot-button topic. And it’s no wonder why. According to the Federal Reserve, the United States owes over $1.6 trillion of student loan debt – yeah, that’s trillion w…

A little over a week ago, the not-yet-even-named hurricane Alex blew through the southern Atlantic coast of Florida, storm surges and rain bursts flooding the streets of Miami in knee-deep water, stra…

The RG/BSX Index finished the day unchanged at 2,242.07, in the absence of trading on the Bermuda Stock Exchange.
For the week, the index was up 24.08 (1.07 per cent) on a volume of 5,680 ($94,467.50)…

Fourteen digital asset companies licensed and regulated by the Bermuda Monetary Authority have created a first-of-its-kind industry association.
The launch of Next was announced by David Burt, the Pre…

Appleby partner Tim Faries and UK-based Carlo Ravizza have joined the board of Hoegh LNG Partners LP, the Bermudian-based floating liquefied natural gas service provider.
Mr Faries has been appointed …

The island’s first fully digital platform that brings together qualified individual investors and entrepreneurs has launched.
Bermuda Investor Community Limited held a gala kick-off at The Cloud at Th…

The RG/BSX Index closed unchanged at 2,242.07, after no shares traded.
The Bank of N.T. Butterfield & Son Limited fell 58 cents (1.87 per cent) to close at $30.49 on the New York Stock Exchange.

Bermudian-based Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, has reported a loss of $92.1 million for the quarter to April 30.
This compares to nearly $130 million in pr…

David Burt, the premier and minister of finance has congratulated Jewel Bank, Bermuda’s first new bank in 21 years, following the issuance of their new full banking licence and Class F digital asset b…

SiriusPoint Ltd, the global specialty re/insurer headquartered in Bermuda, has appointed Bobby Heerasing as UK country branch manager.
The company said he will be responsible for establishing and exec…

Four college students started summer internships this week with CG Insurance to learn professional skills, gain industry knowledge and explore future career possibilities.
Vanessa Varao, Kelly Trott, …

Global insurance brand Howden Group Holdings has acquired TigerRisk Partners, a risk, capital and strategic adviser with offices in Bermuda.
A spokesman for the company said the transaction significan…

The Association of Bermuda Insurers and Reinsurers has announced new leadership for two of its important committees, drawing from the senior executive talent of member companies.
Jevon Williams, of Ch…