Royal Gazette

Convex, the international specialty insurer and reinsurer, has for the first time answered criticisms that it had failed to join more than 40 major insurers who had publicly ruled out insuring the con…

The RG/BSX Index closed unchanged at 2,669.99 with no activity on the main board of the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited closed three cents (0.08 per …

An American cryptoasset insurer with an island-based subsidiary licensed by the Bermuda Monetary Authority has been granted Lloyd’s of London coverholder status.
Chicago-headquartered Evertas said thi…

Apex Group Ltd, the Bermudian-based global financial services provider, has appointed Keith Mahon as managing director, Bermuda.
The company said Mr Mahon will be responsible for leading the business …

A global provider of connectivity and internet services has announced its intention to move its group parent company to the United Kingdom, replacing a company incorporated in Bermuda.
Veon Ltd, which…

The parent company of a Bermudian-based investment business has acquired a bank in the Cayman Islands.
Jamaica-headquartered Proven Investments Limited, through its newly formed subsidiary Proven Bank…

A Supreme Court judge has denied a bid by HSBC Bank Bermuda Limited to take possession of a mortgaged commercial property and sell it to satisfy the mortgage debt.
Puisne Judge Larry Mussenden refused…

The RG/BSX Index rose 4.77 points (0.18 per cent) to close at 2,669.99 after one issue traded on the main domestic board of the Bermuda Stock Exchange.
Argus Group Holdings Ltd. finished 20 cents (3….

Swiss-domiciled Chubb Limited, which has operations in 54 countries and territories including deep roots in Bermuda, has reported record net income of $8.54 billion and record core operating income of…

The Bermuda Monetary Authority has cancelled the insurance registration of Signify Insurance Ltd, a Class 1 insurer, for breaches of the Insurance Act 1978.
The BMA said that exercising its powers to …

QBE Re has expanded its Bermuda team with the appointment of Melanie Lopes as assistant vice-president, lead treaty underwriter.
Ms Lopes joins from Bermudian-headquartered re/insurer SiriusPoint wher…

Industry veteran Ian Parker has been appointed group chief executive officer at Catalina Holdings (Bermuda) Ltd.
Mr Parker succeeds Bruce Hemphill, who stepped in as interim CEO from the role of non-…

The sale of managing general agency Velocity Risk Underwriters LLC by Bermudian-headquartered ILS fund manager Nephila Capital has closed.
The catastrophe-focused property and specialty insurance risk…

AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to recently-established Bermudian-based reinsurer Sutton Life Re Ltd.
The ou…

Ralph Renner has joined as partner and head of origination at Parameter Climate, the full-service parametric climate underwriting, advisory and distribution firm that is part-owned by Bermudian-headqu…

AM Best has released a new methodology, Best’s Performance Assessment for Delegated Underwriting Authority Enterprises.
In this methodology, AM Best introduces the Best’s Performance Assessment, which…

When Gia Eversley-Brooks had a soft launch for anime product business Weebs on the Rock a month ago, she was unsure how her products would be received.
She imagined months of slogging to build up a lo…

The RG/BSX Index remained unchanged, closing as it opened, at 2,665.22.
There was no trading on the Bermuda Stock Exchange domestic board for the day.
In New York, the Bank of Butterfield ended the da…

Bittrex Global, which has operations in Bermuda and Liechtenstein, has launched Bittrex Global Starting Block, a new initial exchange offering (IEO) platform.
Announcing the news in the Liechtenstein …

Members of the Association of Bermuda Insurers and Reinsurers (Abir) contributed $8.5 billion to the Bermudian economy over the decade ended 2020, according to a tally of annual member survey results….

Concert Group Holdings Inc, the new business dedicated to insurance fronting, has appointed Suzanne Fetter to the newly-created position of vice president, claims.
Ms Fetter, who will report to Concer…

CFA Society Bermuda’s popular financial literacy series returns to the Bermuda College beginning February 23.
The organisation said the four-part series is designed for anyone who is looking to learn …

Bermudian-based Mosaic Insurance has partnered with hybrid fronting carrier Transverse Insurance Group to activate $20 million in cybersecurity capacity in the US market.
The global specialty insurer …

Integral ILS Ltd, the Bermudian-based independent insurance-linked securities fund manager, has surpassed $1.1 billion of investor capital deployed, the company announced today.
The firm also said it …

Compre, the international specialist legacy group with operations in Bermuda, has appointed Zameer Mitha to the newly created role of chief actuary, North America.
He will be based in London and repor…

The RG/BSX index closed at 2,665.22, unchanged for the day, with no trading among domestic companies.
The Bank of Butterfield finished up nine cents (0.25 per cent) at $36.65 on the New York Stock Exc…

Industry veterans Patricia Darrell and Lani Isip have joined forces to create Global Consultants, a work permit, immigration and travel documentation services business.
Ms Darrell and Ms Isip have mor…

Clarien Bank and Age Concern have launched a partnership to help Bermuda’s senior population adapt to digital banking at Clarien.
The bank said Age Concern volunteers will work alongside the Clarien c…

Nathalie West and Rachel Nightingale have been elevated to the position of senior counsel at law firm, Walkers Bermuda.
Ms West and Ms Nightingale work in the firm’s corporate, finance, funds and insu…

Bermudian-based International General Insurance Holdings Ltd has appointed Stav Tsielepis as chief risk officer of the IGI group.
Based in the company’s London office, Mr Tsielepis will work with the …