Royal Gazette

Bermudian-based Athora Holding Ltd has completed its third capital raise, securing a total of approximately €2.75 billion of additional permanent equity capital commitments from new and existing share…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-based Group Ark Insurance Limited.
Gail is a wholly-owned sub…

Bermudian-based Fidelis Insurance Holdings Limited has promoted Charles Mathias to the post of deputy chairman.
The promotion was one of three announced by the privately-owned holding company, which, …

The RG/BSX Index remained unchanged at 2,424.96 with no trading on the Bermuda Stock Exchange Thursday.
Meanwhile, the Bank of N.T. Butterfield & Son Limited finished down $1.10 (3.34 per cent) to…

AM Best has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the long-term issuer credit ratings to “a-” (Excellent) from “a” (Excellent) of Qatar Insurance Company QS…

Bacardi, the drinks giant based in Bermuda, has been recognised by Forbes as one of the world’s top female-friendly companies.
The prominent list and results are based on an independent survey of appr…

The Bermuda International Long Term Insurers and Reinsurers has welcomed the decision of the Bermuda Monetary Authority to make targeted enhancements to regulatory and supervisory regimes for commerci…

Bermuda-raised Stephanie Alexis Smellie is kicking up a storm as a Web 3.0 adviser, business development executive, entertainment X tech thought-leader and speaker.
Born to Jamaican parents, but raise…

The Federal Reserve continued its artificial moves to slow the economy and hold back inflation after the latter’s earlier four-decade high.
And it didn’t take long for Bermuda’s Bank of N.T. Butterfie…

The RG/BSX Index rose 5.74 points (0.24 per cent) to 2,424.96 as Bermuda Press (Holdings) Ltd. stock jumped by $3.70 or 86 per cent to close at 8.00 after a block of 15,000 shares changed hands on the…

After running a successful health and wellness market last month at the Rosedon Hotel on Pitts Bay Road in Hamilton, Demeka Tacklyn is keeping the momentum going.
The entrepreneur launches the City Ha…

Simply Business LLC, a Boston-based digital insurance company focused on small businesses, has announced a partnership with specialty insurer Arch Insurance to offer monoline professional liability so…

The Bermuda Economic Development Corporation has sponsored a pop-up shop in Washington Mall for four members in the fifth cohort of the Enterprise Bermuda Incubator Programme.
The Collective Holiday P…

Dana Cooper is a Bermudian designer best known for beachwear.
But this month, as the temperature plummeted into the chilly 50s, she has launched a line of items to keep you warm — luxury cashmere scar…

Concert Group Holdings Inc has appointed John Hendrickson as chief executive officer.
Mr Hendrickson, who will take up his new position on January 1, succeeds Jonathan Reiss, who assumed the role of C…

AM Best has assigned the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) to Bermudian-based Legal & General Reinsurance Company No. 2 Limited.
…

Evertas, the American crypto asset insurer with an island-based subsidiary licensed by the Bermuda Monetary Authority, has successfully closed a series A financing round that raised $14 million.
In ad…

Bermudian-based Global Cloud Xchange, the network service provider powering global connectivity for new media providers, telecom carriers and enterprises, has been awarded its international long dista…

Acrisure, a fast-growing fintech leader that operates a top-ten global insurance broker and the largest independent real estate services company in America, has announced the members of its insurance …

Argo Group International Holdings, Ltd. has confirmed that a dissident investor has withdrawn its nomination of candidates Ronald Bobman and David Michelson for board seats in the Bermuda headquartere…

Lawyer Michael Hanson has been unanimously elected as the new chairman of the board of the Bermuda Business Development Agency.
Mr Hanson, the managing partner of Carey Olsen Bermuda, succeeds Stephen…

Heading into the softer months, high manufacturing and shipping costs together with untimely arrivals, will continue to plague one of the island’s flagship retailers.
Depressed tourism numbers will fu…

After four years on Elliott Street in Hamilton, OM Juicery is moving and evolving.
In the new year, owner, Preston Ephraim, will reopen in the café at the Bermuda Aquarium, Museum & Zoo in Flatts,…

The RG/BSX Index fell 26.82 (1.11 per cent) to 2,392.40 on Monday, dragged down by Bank of N.T. Butterfield Ltd. which closed down 50 cents (1.50 per cent) at $33.50, after 1,000 shares traded on the …

Jewel, Bermuda’s new digital bank for global digital asset institutions, has partnered with blockchain development ecosystem, Polygon, to issue its Jewel USD stablecoin, Asset Servicing Times has repo…

The Association of Bermuda International Companies completed its 2022 Annual General Meeting at O’Hara House, with Wayne Smith taking over as the new executive director from the retiring Richard Winch…

The moves to reduce the risk profile, improve earnings and reinforce capital adequacy has factored in the decision of Moody’s Investors Service to affirm the A3 financial strength ratings of the insur…

Felix Edgren has been named Apex Group Ltd. regional head of corporate product – Nordics, effective today.
Based in Sweden and reporting to HP van Asselt, global head of corporate products & growt…

There has been silence so far from business as companies determine how they would be affected by government proposals that represent a radical departure in Bermuda’s corporate tax structure.
The packa…

Vehicle sales in Bermuda were down by more than 20 per cent in August year over year, but it’s not a shortage of buyers that is the issue — it’s a shortage of cars.
The August Retail Sales Index repor…

After five days of hearings last week, the Court of Appeals will entertain final written submissions in an appeal of a lawsuit that saw a unit of Credit Suisse end up on the wrong side of a $600 milli…

The board of directors of Bermudian-based Axis Capital Holdings Limited has authorised the repurchase of up to $100 million of the company’s common shares.
The company said the repurchases may be effe…

Two bond insurance subsidiaries of Assured Guaranty Ltd. have resolved their exposure to bonds, as the Puerto Rico Highways and Transportation Authority exited from bankruptcy last week.
On December 6…

The Association of Bermuda Insurers and Reinsurers CEO John Huff is in Tampa Florida this week for the National Association of Insurance Commissioners Fall National Meeting.
Mr Huff is a past presiden…

After five days of hearings last week, the Court of Appeals will entertain final written submissions in an appeal of a closely watched law suit that saw a unit of global investment bank Credit Suisse …

The Bermuda Monetary Authority was praised as a world class financial authority by MPs in the House of Assembly on Friday.
The plaudits came after legislators passed a Bill to create a new class of in…

Recent grocery advertisements, along with comments on social media, continue to expose the now staggering cost of basic foodstuffs, shipping, fuel and utilities.
How are you coping, readers? How is a…

Dear Dave,
My dad and his wife asked my husband and I for $55,000. They want the money so they can pay off their debt. We’re debt-free and have a net worth of between $2 to 3 million, but we’re also …

A big move in Argus Insurance was the only activity moving the RG/BSX Index for the week, as nearly a quarter of a million dollars worth of Argus shares changed hands.
By the time the Bermuda Stock Ex…

The Argus Group has announced continued support of the Open Airways’ Spacer Programme with a donation of $8,360.
This is the fourth year Argus has supported the charity’s pledge to distribute at least…

Appleby Bermuda has advised Arc Ltd, a longstanding client, on its first parametric insurance product against high-impact epidemic risks.
The product will provide parametric insurance to African Union…

Bunge Limited, the American agribusiness and food company, has announced that its board of directors has unanimously approved moving its place of incorporation from Bermuda to Switzerland.
Under the p…

The board of directors of Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has approved an increase in the size of the company’s existing shar…

The board of directors of Bermudian-based Axis Capital Holdings Limited has authorised the repurchase of up to $100 million of the company’s common shares.
The company said the repurchases may be effe…

After winning $5,000 in the BEDC’s Rocket Pitch competition, middle-schooler Osheah Douglas is one step closer to forming her own business, Smart Snaxx.
The 11-year-old won the Youth category of the c…

The RG/BSX Index remained unchanged at 2,419.21 on Thursday.
The price of Argus Group Holdings Ltd was unchanged at $5.67, as 48 shares were traded on the Bermuda Stock Exchange.
Butterfield Bank rose…

For the tenth year in a row, Butterfield has been named Bank of the Year 2022 in Bermuda by The Banker, an international financial affairs publication.

The Banker, owned by the Financial Times, ha…

SiriusPoint Ltd, the global specialty re/insurer based in Bermuda, has appointed Rob Gibbs as president of its international business and to CEO of SiriusPoint International Insurance Corporation.
Bas…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Brit Reinsurance (Bermuda) Limited.
The outlook of these credit ratings…

Mosaic Insurance, the Bermudian-based global specialty insurer, has launched a pioneering platform powered by California-based Safe Security to help underwriters evaluate cyber risk for brokers and in…