Royal Gazette

Bermuda Microsystems Group is celebrating 30 years of business this month with a brand update that the company says reflects where it is as a business today and where it’s heading in the future.
The c…

Bermuda reinsurers may opt for declining participation in the Florida property market ahead of the projected above average Atlantic storm season forecast by climatologists.
Even after the Florida legi…

There is a big opportunity for the insurance industry in the arena of “speeding up transition” to a low carbon economy, said Richard Dudley, global head of climate strategy at Aon.
Mr Dudley was speak…

A third of reinsurance buyers will buy more, or significantly, more reinsurance protection during his midyear renewal season, according to an industry survey.
While 22.5 per cent said they will buy le…

The Bermudian online payment solutions provider, First Atlantic Commerce, has announced an alliance with the FinTech Association of Trinidad & Tobago, a not-for-profit organisation that provides o…

Three new members have been appointed to the executive management committee at Valaris Limited, the Bermudian-based offshore drilling company.
Chris Weber will join Valaris as senior vice-president an…

The insurance division of Bermudian-based Everest Re Group Ltd has expanded into Latin America after receiving regulatory approval to operate in Chile.
Everest Insurance will do so under the name Ever…

The refusal by shareholders to sanction the sale of Bermudian-based Randall & Quilter Investment Holdings Ltd has had a negative impact on the ratings assigned to the company and three of its subs…

It struck in ferociously with 150mph winds in the late afternoon. The turmoil was relentless for 12 hours straight through the night.
On the shore line, solid stone homes collapsing under the assault …

Summer’s just around the corner, which means you might be thinking about one of my favourite things: vacation! In fact, I always joke that vacation planning is basically one of my spiritual gifts. But…

Apex Group Ltd, the global financial services provider established in Bermuda in 2003, has acknowledged its massive expansion since the close of recently announced acquisitions.
The business has grown…

One Communications has expanded their unlimited data carry-on roaming destinations to include Canada, the United Kingdom, and 15 island nations in the Caribbean.
This is in addition to unlimited data …

Massachusetts Mutual Life Insurance Company has joined Bermudian-domiciled financial services holding company White Mountains Insurance Group Ltd as an equity investor in Kudu Investment Management LL…

AM Best has affirmed the financial strength ratings of A (Excellent) and the long-term issuer credit ratings of “a” (Excellent) of Aspen Bermuda Limited (ABL) and three related companies — Aspen Insu…

The Bermuda Climate Summit 2022 really “hit it out of the ballpark”, John Huff, Association of Insurers and Reinsurers president and chief executive officer, said at the close of the two-day event.
Th…

London-based Hamilton Global Opportunities plc has completed a second investment in Miami International Holdings Inc, the parent company of the Bermuda Stock Exchange, for $2.15 million through a seco…

PartnerRe Ltd has had its ratings affirmed on the eve of its $9 billion sale to French mutual insurer Covéa.
AM Best affirmed the financial strength rating of A+ (Superior) and the long-term issuer c…

The Bank of N.T. Butterfield & Son Limited finished up 88 cents or 2.98 per cent today to close at $30.40 on the New York Stock Exchange.
Meanwhile the Bermuda Stock Exchange was unchanged for the…

Seadrill Limited, the offshore drilling company based in Bermuda which came out of Chapter 11 bankruptcy and provisional liquidation in February, has reported an operating profit of $42 million for th…

Net profits more than tripled to $24.3 million in the first quarter of the year for Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas.
That, …

Conyers has announced the recipients of their Legal Education Awards for 2022, providing $70,000 in funding to five local law students.
Sierra Brangman was presented with the Conyers Legal Scholarshi…

Axis Capital Holdings Limited has announced a $250,000 endowment to international business school INSEAD to create a research fund on behalf of the company’s former chairman of the board.
The Michael …

A Madison Avenue agency, which specialises in travel and lifestyle public relations, has taken over as image maker for the Hamilton Princess Hotel.
Laura Davidson Public Relations was last year listed…

Convex Group Limited, the Bermudian-based international specialty re/insurer, has announced a partnership with Bermudian Olympic Games gold medallist triathlete Dame Flora Duffy.
For the next three ye…

Industry veteran David Harris has joined Bermudian-based Everest Re Group Ltd as senior vice president, chief reserving actuary, succeeding Ellen Edmonds.
He will report to Everest Group chief operati…

Bermudian-based life reinsurer and retirement services company Athene Holding Ltd and its subsidiaries have received credit ratings upgrades from Fitch Ratings.
Fitch upgraded the Insurer Financial S…

The head of the US National Wildlife Federation has encouraged insurance professionals to invest in ways to not just predict climate risk, but actually reduce it.
Speaking at the inaugural Climate Cha…

Bermuda can lead the world in tackling the challenges of climate risk, a leading insurance executive told a sold-out audience at the inaugural Bermuda Climate Summit today.
Speaking of climate risk on…

Butterfield Bank shares closed down 20 cents to $29.52 today in moderate trading on the New York Stock Exchange.
A total of 91,958 shares were traded.
The Bermuda Stock Exchange Index was unchanged …

Butterfield Bank shares closed down 20 cents to $29.52 today in moderate trading on the New York Stock Exchange.
A total of 91,958 shares were traded.
The Bermuda Stock Exchange Index was unchanged …

Just 14 per cent of Bermuda reinsurers and Insurance Linked Securities funds surveyed have a developed approach to ESG – environment, social and governance – risks, accoridng to a new study.
And the …

Sompo International Holdings Ltd, the specialty property and casualty re/insurer based in Bermuda, almost doubled its adjusted profit for the fiscal year ended March 31, moving from $248.5 million in …

Senior banker Stuart Kirk, suspended by employers HSBC for his comments about climate risk, has been pulled from the panel line-up at the inaugural Bermuda Climate Summit.
Mr Kirk, global head of resp…

CrossTower, the crypto currency exchange and non-fungible token marketplace with an office in Bermuda, is to host NFT drops by BowieWorld, the metaverse created in 1999 by legendary singer and former …

Apex Group Ltd is to provide its single-source solution on a pro-bono basis to a UK-based investment fund of funds which will use it proceeds to fund children’s and education non-profits around the wo…

Industry veteran Matthew Rohrmann has joined Bermudian-based re/insurer Everest Re Group Ltd as senior vice president, head of investor relations.
Mr Rohrmann, who will report directly to Everest exec…

Bermuda Investor Community Limited has announced the launch of the island’s first fully digital platform bringing qualified individual investors and entrepreneurs together.
The platform’s launch event…

The net income of the Bermuda Monetary Authority increased eighteenfold in 2021 after its regulatory fees increased by $11 million, according to its annual report.
The BMA, Bermuda’s independent fina…

A wholly owned subsidiary of Bermudian-based insurer Enstar Group Limited has closed a previously announced agreement for a ground-up loss portfolio transfer with island-based Aspen Insurance Holdings…

Altamira Therapeutics Ltd, a Bermudian-headquartered biotechnology company, has reported promising results for trials of a nasal spray in reduction of an allergy.
Altamira, which says it is dedicated…

A Bermuda Climate Summit kicks off tonight with international leaders invited.
The forum has been convened through tomorrow by the Bermuda Business Development Agency in partnership with the Associati…

How did the average do-it-yourself investor fare last year? Dalbar, Inc knows!
First, a look back at 2021 investment environment in the United States. It was another impactful year for many events, pr…

Dear Dave,
My wife and I are in our late twenties, and we have two kids. Our combined income is about $110,000 a year, but we have $70,000 in loans on two cars, plus about $15,000 in credit card debt….

BF&M Ltd’s share price rose 27.7 per cent on the Bermuda Stock Exchange today on the trading of 1,000 shares. The insurer soared $4.98 to close on $22.99.
The move, today’s only trade, caused The …

Spectators have been invited to bear witness as a porch is rebuilt at the former Pub on the Square heritage building in the town of St George.
Owners FoodHub said the restoration will start this weeke…

Profits at Bermudian-based International General Insurance Holdings Ltd rose 90 per cent in the first quarter compared to the prior year period.
The specialty commercial re/insurer reported a profit o…

Catalina Holdings (Bermuda) Ltd has changed its management structure in a bid to increase its focus on global expansion.
The company, an industry leader in the insurance legacy retrospective space, …

For a long time Keanne Bean wanted to start her own health coaching business, but was unsure how to go about it.
Then she heard about the business incubator programme at the Bermuda Economic Developme…