Royal Gazette

Kendaree Burgess has been appointed as the new chief operating officer of the Bermuda Business Development Agency.
Ms Burgess will officially begin at the BDA on March 6, which coincides with the firs…

A US-based global alternative investment manager has announced the creation of Itasca Re Limited, a Bermudian-licensed Class 3B reinsurance company, to offer insurance financing solutions to buyers an…

A specialist Front Street retailer is beating the odds after watching other Hamilton shopkeepers go out of business and fearing that still more will fall this year.
“A lot of people have not made it a…

The arrival of the weekend may very well have stopped the slide of Algonquin Power & Utilities Corp. after stock of the parent of Bermuda’s sole electricity supplier, Belco, faced two price drops …

Pressures on its parent company’s balance sheet strength assessment have prompted AM Best to revise the outlook to negative from stable for Bermudian-based Canopius Re.
The same outlook revision was m…

AM Best has affirmed the credit ratings of Bermudian-based Argus Group Holdings Limited and its subsidiaries.
The ratings agency affirmed the financial strength rating of A- (Excellent) and the long-t…

Does living simply mean frugality or life energy freedom? Once a month in Moneywise, we will explore the cost of everyday living in an inflationary world.

Food! One of the four basic psychologica…

Dear Dave,
Our next-door neighbour was an older single man with no family, and my wife and I always tried to look out for him and help with things. He died recently, and in his will, he left us his ho…

The RG/BSX Index closed unchanged for the week at 2,309.65.
Bank of N.T. Butterfield Ltd. finished as it started at $31.85, after trading of 7,124 shares on the Bermuda Stock Exchange.
Insurance stoc…

Tonia Morgan has been appointed CFO, Reinsurance Bermuda at Axa XL.
Ms Morgan, who joined the company in 2018, most recently served in the role of head of finance reinsurance and alternative capital.
…

When Ryan Simpson launched discount grocery service My Beams Clubs, he thought people would beat a path to his door.
Food costs were rocketing in Bermuda. But the reality was something else.
“At firs…

A US-based holding company has announced the formation of Kindley Re Ltd, an independent, Bermudian-based Class E licensed life and annuity reinsurer.
Chicago-headquartered Kuvare Holdings is a techno…

A foundational insurance course is to be offered for a third year starting Monday through the Bermuda College, in partnership with the Association of Bermuda Insurers and Reinsurers and New York’s St …

The RG/BSX Index finished unchanged Thursday at 2,309.65, for the third day in a row, with no trading on the Bermuda Stock Exchange.
Overseas, the Bank of N.T. Butterfield & Son Limited rose 38 ce…

The Bermuda Stock Exchange is to host the 2023 general assembly and annual meeting of the World Federation of Exchanges.
The global meeting of exchange and clearing leaders will be held September 19-2…

Brian Bissett has been promoted to the post of group chief finance officer at Convex Group Limited, the Bermudian-based international specialty re/insurer.
Based in London, Mr Bissett will report to P…

Mosaic Insurance, the Bermudian-based global specialty insurer, has opened an office in Dubai, United Arab Emirates, as a strategic regional platform to access risks from across the Middle East, Afric…

Benjamin Somers has been appointed managing director of business development at Aeolus Services Corp, the US subsidiary of the Aeolus Capital Management Group.
Aeolus is based in Bermuda, and manages …

Bermudian-based Apex Group Ltd, the global financial services provider, has appointed Dan Page as global head of product – advisory and capital raising solutions.
Mr Page will lead Apex’s consolidated…

There remains confusion and lack of awareness among companies of their legal responsibilities under a near two-year-old provision to combat sexual harassment and bullying in the workplace.
And compani…

The outsourcing of work to other countries by Bermudian businesses is a concern, the president of the Bermuda Chamber of Commerce has said.
Nathan Kowalski was speaking during a question-and-answer se…

The RG/BSX Index finished unchanged yesterday at 2,309.65.
Argus Group Holdings Ltd. closed unchanged at $5.67 after 7,907 shares traded on the Bermuda Stock Exchange.
Overseas, the Bank of N.T. Butte…

Fitch Ratings has observed that the bargaining power turned in favour of reinsurers during their January renewal negotiations with cedents.
Fitch said: “Most notably, property and speciality lines ent…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has made two leadership appointments for its multinational crop insurance platfo…

A Bermudian-based network service provider has formed a strategic partnership with a Norwegian high-speed network operator to support the increased network demands stemming from the burgeoning data ce…

Kettle, the reinsurance MGA start-up that uses advanced deep learning to better protect people from the growing risks associated with climate change, has appointed Brian Espie as chief underwriting of…

Bermudian-based Apex Group Ltd, the global financial services provider, has acquired Pacific Fund Systems, a leading global fund administration software business, from co-founders and Pollen Street Ca…

Just one third of businesses are confident in Bermuda’s economic future, a survey by the Bermuda Chamber of Commerce has revealed.
And the Business Barometer Survey shows that fewer than half (41 per …

The personal care industry seems to be facing the greatest and most diverse challenges, a survey by the Bermuda Chamber of Commerce has revealed.
The Business Barometer Survey of 107 Chamber members w…

Bermudian teen Ahmya Peets has been commissioned to create an image for a champion Canadian race car driver.
Last year, the 17-year-old Bermuda Institute student started her own online graphic arts bu…

What’s your rapport with time like? The new year is an ideal time to consider your strategic budgeting and investing foresight – it’s a great time to review life.
Can you expand your awareness of time…

Aquarian Holdings has closed its acquisition of Bermudian-based Somerset Reinsurance Limited, a leading provider of reinsurance solutions to the US life insurance and annuity market.
Aquarian announce…

Two Bermuda companies are teaming up with multinational financial services firm Aon PLC to launch Apex Protect, a company offering specialty directors and officers for funds.
Apex Group Ltd, the glob…

The RG/BSX Index closed up 8.04 points (0.35 per cent) at 2,317.69 on the Bermuda Stock Exchange.
Three hundred shares in the Bank of NT Butterfield Ltd changed hands having a value of $9,600.
The sto…

Treefrog Consulting Ltd, the Bermudian-headquartered software development company delivering technology solutions to clients in the international re/insurance and ILS space, has partnered with an insu…

Axa XL Insurance has promoted Stephanie Coxall to head of underwriting management, UK & Lloyd’s, effective next Monday.
In her new role, Ms Coxall will be responsible for supporting Axa XL’s chief…

Podiatrist Stuart McIntosh has joined the medical foot care and treatment practice of Arches Podiatry, at 1 Cedar Ave, next to the Tennis Stadium.
The practice was established one year ago and now com…

Geoff Scott is the new chief executive officer of the Bermuda Bankers Association.
Mr Scott succeeds Thomas O’Rourke, who has stepped down after four years in the role.
The incoming CEO has more than …

The professional organisation for women working in Bermuda’s reinsurance sector is seeking nominations for its inaugural lifetime achievement award.
Marking its 15th anniversary, Women in Reinsurance …

Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has appointed James Fok to the company’s board as a class III director.
The company said he …

Apex Group Ltd, the Bermudian-based global financial services provider, has plans to hire more than 500 additional staff in Johannesburg as its footprint in South Africa continues to grow.
The news co…

Pina Albo, CEO of Hamilton Insurance Group, Ltd., is the new chair of the Association of Bermuda Insurers and Reinsurers, following the organisation’s biennial election of officers at a recent board m…

Bermudians resuming their pre-pandemic lifestyle of travel may find more of their plans stranded on the runway as airlines begin raising the bar for travel perks, like lounge access and elite status.
…

A Bermuda lawyer is identifying shifting reinsurance market trends that can also alter the future of cat bonds and the issuance of insurance-linked securities in the year ahead.
Interviewed by ILS spe…

Catastrophe bond and issuance of insurance linked securities fell by more than $1.5 billion in Q4 2022 when compared to the same period in 2021, according to a new report from Artemis.
Issuance fell t…

Two senior executives formerly with Bermudian-based Aspen Insurance are leading the newest syndicate at Lloyd’s.
Josh Ladeau is the chief executive of Trium Cyber, syndicate 1322, the new risk carrier…

Well, folks, it’s somehow January already. And you know what that means: training your brain to write 2023 instead of 2022 on everything. It also means the season of resolutions is officially upon us….

Bermudian-based R&Q Insurance Holdings Ltd, the non-life global specialty insurance company, and Texas-headquartered investment firm Obra Capital Inc have acquired, through a newly formed joint ve…

Palomar Holdings Inc, which has a subsidiary company in Bermuda, has announced the successful completion of certain reinsurance programmes covering California earthquake risk.
The company renewed its …

Claire van Overdijk, counsel in the Bermuda office of international law firm Carey Olsen, has been appointed King’s Counsel following her successful application in the 2022 KC competition.
The firm sa…