Royal Gazette

Bermudian-based Axis Capital Holdings Limited has reported net income available to common shareholders for the first quarter of 2022 of $142 million.
That compares to net income available to common sh…

This is the fifth and final in a series of articles to mark Financial Literacy Month.

Inflation is insidious. It decreases monetary value, purchasing power, slows spending, raises costs, all with…

Conyers and the Conyers Charitable Trust this week celebrated 30 years of contributions to the education and well being of Bermudian youth.
“Giving back to the community is at the core of who we are …

Butterfield is to cover half the fees for vendors that participate this year in Harbour Nights, the weekly street festival on Front Street.
The Bermuda Chamber of Commerce, organisers of Harbour Night…

The Bermuda International Long Term Insurers and Reinsurers held a careers event at Warwick Academy to highlight the job opportunities in the island’s thriving life insurance industry.
Due to Covid-19…

John Huff, president and chief executive officer of the Association of Bermuda Insurers and Reinsurers, will moderate an expert panel on international terrorism at next month’s virtual annual conferen…

The Bermuda Business Development Agency is to travel to New York City next month for its first executive forum in more than two years – a half-day event with senior decision makers.
The BDA said its a…

HSBC Bermuda has become the first island bank to offer web chat to customers, connecting them directly to agents via the HSBC website and internet banking platform.
Web chat allows HSBC customers to …

A popular bakery business has closed up shop after the company that operated it was wound up.
Cake Shop Limited, which had an outlet on Curving Avenue in Pembroke, was back before the Supreme Court of…

24 Exchange (Bermuda) Ltd has partnered with The Foreign Exchange Clearing House of Hong Kong to offer a clearing and settlement option to crypto cash institutional market participants.
The service, a…

Evin Mosley has joined the pupillage programme at Cox Hallett Wilkinson.
Mr Mosley begins his training in the litigation and dispute resolution department under the guidance of Craig Rothwell, head of…

A year ago, it took only a minute for the first customer to buy some bread at Island Pantry, the mini-supermarket on Serpentine Road in Pembroke.
Many minutes and many purchases later, the venue celeb…

Two providers dominate the electronic communications sector on the island, the latest market analysis from the Regulatory Authority of Bermuda shows.
The report, which covers the 2019 and 2020 calenda…

The RG/BSX Index closed unchanged at 2,350.02, as there was no activity among domestic stocks on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited was up 38 cents (1.16 per ce…

Industry expert Elissa Doroff has joined Mosaic Insurance to lead the company’s North American claims handling as it builds out the core division globally.
Based in New York, Ms Doroff has been appoi…

Global insurer and reinsurer SiriusPoint has announced a partnership with commercial insurance technology company Broker Buddha, a platform which simplifies submissions for industry leading brokers an…

The Bermuda Economic Development Corporation is accepting applications for its fifth annual Summer Student Entrepreneur Programme.
The SSEP provides students between the ages of 16 and 23 with the res…

Net loss estimates incurred within Ukraine are in the range of $20 million to $30 million, excluding the impact of reinstatement premiums, Bermudian-based Lancashire Holdings Limited has reported.
Lan…

Christine Snyder has joined Axa XL’s Bermuda insurance excess casualty team as a vice-president, senior underwriter.
Ms Snyder’s responsibilities include delivering profitable underwriting service to …

Superyachts are so popular right now, some dealers cannot keep them in stock.
Yacht sales have actually doubled since 2019, according to maritime data company VesselsValue.
“Superyachts have become th…

The electronic communications sector’s contribution to the island’s economy fell by nearly eight per cent in 2020, the latest market analysis by the Regulatory Authority of Bermuda reveals.
The EC sec…

Bermudian-based energy driller, Nabors Industries Ltd., has reported first quarter 2022 operating revenues of $569 million, an increase of approximately five per cent, compared to operating revenues o…

Retail sales remain in a tailspin seven months on, with the latest figures showing they fell again in January, this time down 6.3 per cent compared to the same period last year. In value terms, retail…

The RG/BSX Index fell 1.20 (0.05 per cent) after two issues traded on the Bermuda Stock Exchange.
Bank of N.T. Butterfield Ltd. was down 15 cents (0.5 per cent) to close at $32.50 after a volume of 50…

Lexington Gold, the Bermudian-based gold exploration and development company with projects in North and South Carolina, has borrowed £335,000 from several of its long-term significant shareholders and…

It is a wonder Sandip Roy has time to sleep.
When he is not working as a police officer, he runs his own restaurant, Roy’s Fine Food. And when he is not doing that, he is writing.
His first book, My B…

The Liquor Licensing Authority has quietly required all establishments on the island applying for a liquor licence, to “across the board” have functional cameras operating on their premises.
On Tuesda…

The RG/BSX Index rose 6.85 (0.29 per cent) to close at 2,351.21, after BF&M Ltd. rose 75 cents (3.6 per cent) to $21.75 on the trading of 400 shares valued at $8,700.
The Bank of N.T. Butterfield …

Chubb Limited has reported net income for the quarter ended March 31 of $1.97 billion, or $4.59 per share, and core operating income of $1.64 billion, or $3.82 per share.
The P&C combined ratio w…

KPMG gave $1.25 million to the community and contributed 1,226 community service hours to local charities in 2021, reveals a KPMG report.
The firm’s newly released annual Impact Report highlights the …

Applications for Ignite Bermuda’s Young Adult Entrepreneurial Internship programme are to close on Friday at 5pm.
The part-time paid internship initiative will run from May 31 until July 21, and offer…

Seadrill Limited, the Bermudian-based offshore drilling company, has announced new contracts worth more than $260 million to the company.
A contract has been secured by Sonadrill Holding Ltd, the comp…

Shanna Hollis learnt a ton at Maryland Institute College of Art, one of the top graphic design schools in the United States.
Four years after graduating cum laude with a bachelor of fine arts, graphic…

The government appears set to reopen the restaurant at the Ocean View Golf Club full time after several months of closure.
Today, they are before the Liquor Licensing Authority, seeking permission to …

Exploring the 8th Principle of 10 that build a Luck Mindset
Swiss psychologist Carl Jung coined the term synchronicity to describe meaningful coincidences—when events are not connected by causali…

The RG/BSX Index fell 126.06 (5.10 per cent) to close at 2,344.37 as Bank of N.T. Butterfield Ltd. fell $2.35 (6.7 per cent) to close at $32.65 after 1,690 bank shares traded on the Bermuda Stock Exch…

Bermudian-based Arcadian Risk Capital, the managing general agent, has promoted Nicole Barna to executive vice president, head of transactional liability underwriting.
In addition, Ms Barna continues …

Cavi Thomas is driving a new Hyundai Grand i10 from Auto Solutions, as the grand prize winner of the Bounty and Charmin “Roll Out” Promotion from BGA Ltd.
BGA said the promotion was a three-month init…

Just days after being named Deputy CEO of the Bermuda Monetary Authority, Shanna Lespere has been welcomed as the Island’s seventh Chartered Director, having earned the prestigious designation earlier…

Bermudian-based Vantage Group Holdings Ltd has prepared for its entry into the cyber insurance market with a senior appointment.
Andrew Lea has joined Vantage as senior vice president of cyber liabili…

Bermuda reinsurers are keeping a close eye on ballooning property insurance rates in Florida, downgrades to the state’s property insurers precipitated in part by insurance fraud and expensive litigati…

Stephen Weinstein, chairman of the Bermuda Business Development Agency, is to moderate a session on insurance and capital risk at the Island Finance Forum, which kicks off today (Monday).
Mr Weinstein…

Kettle makes its debut today at the Lloyd’s Lab accelerator in London, but the Bermudian-based outfit is already well ahead of some of the other ten participants in the prestigious programme.
Kettle L…

PwC’s Global Economic Crime and Fraud Survey 2022 highlights cybercrime as the biggest threat.
Almost half of nearly 1,300 business leaders reported their organisations had experienced fraud or financ…

Leslie Rans, CPA has been appointed as an independent director of LOM Financial Limited and will also serve on the boards of the company’s regulated subsidiaries in Bermuda and the Bahamas.
As a senio…

This is the fourth in a series of articles written in conjunction with Financial Literacy Month.

Today we look at current finance-focused impact concerns about minimising inflation strategies bei…

Dear Dave,
A relative of mine recently mentioned she had two life insurance policies. Is it okay for a person to have more than one life insurance policy? If so, why would someone do that?

— Victo…

AM Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of two wholly-owned su…

A Standard & Poor’s Global Ratings’ proposal to disallow senior debt as a form of available capital, continues to run into headwinds, with the Association of Bermuda Insurers and Reinsurers strong…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Bermudian-based Cedar Hamilton Limited and its parent company, Nuclear…