Royal Gazette

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…

Kiara Somner’s new educational product business, Nylah Nailed It, was born out of the frustrations of pandemic mothering.
“I never intended to start a business,” said Ms Somner, who works in reinsura…

The hits just keep on coming for Credit Suisse, with an announcement of an anticipated first quarter loss for the bank, after taking a $210-million charge for exposure to the Russia-Ukraine war.
This,…

WeSpeak Bermuda’s first in-person boot camp in two years attracted an energised sold-out crowd.
Attendees included more than 100 women from a spectrum of career sectors spanning education, government,…

Bermudian-based Catalina Holdings Ltd and joint venture partner Oxenwood Real Estate LLP have secured a £52.8 million ($68.8 million) funding package from NatWest that will be used to refinance a port…

Apex Group Ltd, the Bermudian-based global financial services provider, has been appointed to provide fund services to Blockchain.com Asset Management, a new crypto asset management platform powered b…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a+” (Excellent) of the members of Athene Group, which is the consolidation of the organi…

A Caribbean leader struck a blow against the world’s most powerful countries – the very ones that control the global anti-money laundering regime – during a multi-lateral meeting attended yesterday by…

Legacy specialist Darag Group has concluded a new agreement with an offshore captive insurance company.
The company said the structure of the approximately $10 million transaction is a novation, allow…

When a news anchor contacted Bermudian Kennette Burgess about her business, it felt like the answer to a prayer.
After the chief executive officer of business coaching firm Focus Marketing and Develop…

The future of a private transport service that provided a chauffeur to get people home safe after a night out remains uncertain.
HomeSafe Bermuda suspended operations for health and safety reasons in …

Bermudian-headquartered Altamira Therapeutics Ltd has reached the midpoint for enrolment in its Covamid clinical investigation of its Bentrio™ nasal spray in patients with acute Covid-19.
Covamid is a…

It has been more than a decade since the creation of the first cryptocurrency, bitcoin, yet digital assets are only now being adopted by mainstream business.
Major companies such as Microsoft, PayPal,…

A jurisdictional resolution as to where to settle internal disputes at HSBC Holdings plc, which was to be voted on at the bank’s AGM later this month, has now been put on hold, according to a filing w…

The RG/BSX Index remained unchanged at 2,470.21, with no trading on the domestic board of the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited closed 32 cents (0.92 p…

Technology industry veteran Martha Tate has been appointed group chief business officer at Digicel.
She joins from Denver-based Infinera where she was vice-president, strategic sales.
The company said…

The Bermuda Business Development Agency has launched a new Climate Hub and Environmental, Social, and Governance webpage detailing the island’s commitment to blending business-friendly practices with …

The Bermuda Monetary Authority is seeking special reporting from the island’s insurance groups’ on underwriting and balance sheet exposures to the Russia/Ukraine war for the period to the end of March…

Bermuda Monetary Authority veteran Shanna Lespere has been appointed to the new permanent post of deputy chief executive officer with the organisation, effective immediately.
Mrs Lespere, who joined t…

When Fabio Iannone first launched the English Market in the Washington Mall his model was a grocery store “more on the high end”.
But things did not work out exactly as expected. When he opened in Jul…

YellowHeart Protocol, an NFT platform that is poised to disrupt the ticketing and music industries, is to be the first project launched on Bittrex Global Starting Block, the initial exchange offering …

The RG/BSX Index rose 9.13 points (0.37 per cent) to 2,470.21 after one issue traded on the Bermuda Stock Exchange.
BF&M Ltd. closed up a dollar (5.0 per cent) at $21 when 20,200 shares changed ha…

Bermudian-based Fidelis Insurance has appointed Olivia Brindle as its new head of sustainability.
Ms Brindle, who is based in London, joins Fidelis from Swiss Re where she was an investor relations se…

Apex Group Ltd, the Bermudian-based global financial services provider, has closed the acquisition of Best Alternative Advisory Services, an Indian-based boutique and specialised financial services pr…

David Burt, the Premier, will be in Barbados tomorrow to participate in the Caribbean Financial Access Roundtable.
He was invited there by Mia Amor Mottley, the Prime Minister and Minister of Finance …

Ariel Re, the global re/insurer based in Bermuda, has insured the long-term performance warranty of Ecogensus LLC, a global leader in advanced technology focused on delivering sustainable waste manage…

Bermudian-domiciled Monument Re Group, the reinsurer and asset consolidator, has entered into a reinsurance agreement with Countrywide Assured PLC, a subsidiary of Chesnara plc.
Manfred Maske, group C…

Estimates for ultimate insurance and reinsurance losses for the Russo-Ukraine war are already rising above $20 billion and could become the largest political violence loss in history.
This, from data …

A platform for trading interests in insurance contracts is to launch, linking investors’ portfolios to the results of a Bermudian-based reinsurer.
Extraordinary Re said its secondary trading platform …

A common topic among investors is how to protect asset values and incomes while inflation is rising. The major asset classes: stocks, bonds and cash, do not immediately appear to offer a direct hedge …

The career trajectory of former Bermuda resident Christian Parfit has continued its upward swing.
Mr Parfit, a PRC holder who attended Warwick Academy, has started a new role at JP Morgan Wealth Manag…

The newly-established Bermuda special purpose insurer, Hestia Re Ltd, has entered into a multiyear reinsurance arrangement with Kin Interinsurance Network, the reciprocal insurance carrier for Kin Ins…

Beach Education, the new consultancy that helps Bermudian-based families to identify schooling opportunities in the United Kingdom, is to hold a UK Schools Education Fair on Thursday and Friday at the…

The Bermuda office of international law firm Appleby has appointed associate lawyer Justin Lafferty to its dispute resolution team.
Mr Lafferty joins Appleby from Osler, Hoskin and Harcourt, a leading…

Deloitte is launching a billion-dollar sustainability and climate practice.
Building upon decades of sustainability and climate client service, they are assembling one of the largest global networks …

SiriusPoint Ltd’s goal for 2022 is a natural one: to make an underwriting profit.
“Despite a lot going on in the market to start the year, I remain optimistic that we are going to get there,” company…

Middle market property, a new commercial property insurance product designed to serve the unique and unmet needs of middle market customers, has been launched by Everest Re’s insurance division.
Evere…

Catalina Holdings (Bermuda) Ltd has set its sights on entry into the Lloyd’s market in 2022, the company’s new group chief executive officer revealed.
Industry veteran Ian Parker, appointed to the pos…

In 2021, CG conducted more than 120 medical evacuations of CG Members to overseas hospitals where they received critical, often lifesaving emergency care.
Medical evacuations, or medevacs as they are …

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of Bermudian-based Athora Life Re Ltd and its subsidiary, Athora Irelan…

In her third article marking Financial Literacy Month, Martha Harris Myron looks at interest rates in the US an elsewhere and their impact on capital markets and our investments. Martha is also ho…

Dear Dave,
My husband and I have paid off all our credit card debt, and we are following your Baby Steps plan. We still owe about $40,000 on two cars, and our combined income is around $150,000. Since…

The RG/BSX Index closed unchanged at 2,461.09 on the last day of trading for the holiday week, as nothing traded and there was no movement on the domestic board all week on the Bermuda Stock Exchange….

Bermudian-domiciled Athora Holding Ltd, an insurance and reinsurance group focused on the European market, has reported a €428 million ($462 million) profit before tax from continuing operations in 20…

If there is one thing Aisling O’Connell is enthusiastic about, it is the Town of St George.
She has lived there for most of her life.
As a child, coming home on the bus, she would often advise the tou…

The RG/BSX Index again remained unchanged for the day, closing as it opened at 2,461.09, in the absence of movement among domestic companies on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield…

Argus Americas has announced the recent appointments of Kimberley D. Caines-Best as the senior legal counsel and Tawanna Wedderburn as the vice-president, practice operations.
In addition, Sasha Castl…

Government officials and the executives of the Bermuda Business Development Association delegation at Rims have moved on for the second part of their mission in California.
They took advantage of the …

AM Best is citing past issues with the Argo insurance group, but still has affirmed solid financial strength ratings and issuer credit ratings for the Bermuda company.
Best has affirmed the financial …

With record trading volume growing over 600 per cent from the year before and more than 100 per cent from the prior quarter, CrossTower Inc, the crypto and digital asset exchange, has announced the la…