Royal Gazette

A leading catastrophe modeller says Hurricane Ian’s total costs will exceed $100 billion and be the most expensive hurricane Florida has ever seen.
And the Karen Clark & Company flash estimate has…

Senator Lindsay Simmons is doing her bit for Bermuda’s economy, and health, by launching a low sugar, fruit juice business.
At Front Street eatery, Rosa’s – where she is operational manager, drink sal…

Axa XL Reinsurance has appointed industry veteran Mark Twite as chief executive officer, Bermuda.
Mr Twite is to take up his new post on Monday.
In the role, he will be responsible for the strategic g…

A KBRA rating agency report on credit risks suggests that the Federal Reserve’s “near singular focus over the near term on taming inflation runs the risk of overshooting its goal of curtailing demand,…

Planning Factory Bermuda has won a prestigious international award for its design of a bar in the global headquarters of Bacardi Limited.
The LOOP Design Awards, launched in Portugal in 2020, have hon…

The RG/BSX Index plummeted 155.53 points or 7.00 per cent for the week to 2,219.87.
With no trading on Friday on the Bermuda Stock Exchange, the dye was cast earlier in the week as Bank of N.T. Butter…

Alon Neches has been appointed president and CEO of Bermudian-based Fortitude Re.
He will also join the organisation’s board of directors.
Mr Neches succeeds James Bracken, who is stepping down to pur…

The plummeting UK pound may eventually have a beneficial impact on the cost of goods imported to Bermuda but it has not been felt yet, a leading retailer said yesterday.
Tredick Gorham, president of T…

Dianna Armstrong started her business, Make De Run Golf Shop, out of fashion frustration.
She took up golf four years ago, usually playing at Turtle Hill Golf Course at the Fairmont Southampton or th…

Buying your dream home is a huge decision in many of our financial lives. In this, the first of a five-part series in Moneywise, we take a look at what the process entails.
You’ve saved and saved – no…

The RG/BSX Index slumped 155.53 (6.55 per cent) …

Hurricane Ian, which made landfall on Florida’s Gulf Coast and has since been downgraded to a tropical storm, is expected to generate substantial economic and insured losses in affected areas, Fitch r…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has appointed Stefano Chiurlo as head of Accident & Health Europe.
He will b…

The managing partner of Carey Olsen Bermuda has expressed his delight after the law firm was a double award winner in the RG Top Ten Employer of the Year in Partnership with PwC.
Carey Olsen was named…

Adhiraj Maitra has been appointed as group head of sustainability at Canopius Group, the global specialty re/insurer with an operation on the island.
Reporting to Lindsay Astor, chief of staff and hea…

Bermuda market veteran Will Haddrell has joined Bernina Re Ltd as chief underwriting officer, head of US and Retro.
He joins from Kettle, where he served as chief underwriting officer.
Mr Haddrell, 39…

No country in the G20 is decarbonising quickly enough to maintain a safe climate, according to new analysis by professional services firm PwC.
This year’s Net Zero Economy Index shows progress on deca…

Bermuda’s reinsurers have been watching as the killer hurricane Ian marches over Florida after plunging Cuba’s entire population of 11 million people into darkness, collapsing the electrical grid and …

The golden arches have returned to Bermuda – but this time as an insurance entity rather than a place to buy a happy meal.
Fast food giant McDonald’s has moved its global insurance operation to the is…

Carey Olsen Bermuda, the law firm, has topped the charts again at the RG Top Ten Employer of the Year in Partnership with PwC.
This is the 12th year for the awards, which were presented at a breakfast…

Bermuda residents have shown increased interest in non-US major foreign currencies after the recent strengthening of the US dollar.
And the pound has taken a beating.
Late on Wednesday, one pound ster…

The RG/BSX Index closed unchanged at 2,375.41 with no trading activity on the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited finished 78 cents (2.37 per cent) highe…

Bermudian-based Ascot Group has launched a miscellaneous professional liability unit to provide comprehensive coverage for a wide range of professional service industries.
Under the leadership of Todd…

Karla Thomas has joined Rawlinson & Hunter as head of risk and compliance.
She joins the firm with more than 20 years of experience in the regulatory and compliance industry, with her most recent …

ISC Group, a global business community that supports the retention and promotion of women in the insurance sector, has launched a branch in Bermuda.
With the help of their founding sponsor EY, ISC Gro…

The golden arches have returned to Bermuda – but this time as an insurance entity rather than a place to buy a happy meal.
Fast food giant McDonald’s has moved its global insurance operation to the is…

Pay at the table technology for restaurants takes another step forward with payment solutions provider goPoint Ltd., the company that brought self-service check outs and enhanced point-of-sale managem…

Scooter Mart is partnering with the Bermuda Hotel Association to offer electric bike sharing to visitors.
Using a new mobile app called Pink, users can rent electric bicycles by scanning a QR code loc…

SailGP, the purpose-led globally racing league, and Relm Insurance will sponsor the opening and closing receptions of the 2022 Bermuda Tech Summit.
After two years of being held virtually, the fourth …

Furniture, art and housewares will be on sale at “affordable prices” when a heritage charity reopens its second-hand pop-up shop this week.
The Bermuda National Trust will welcome customers from Thurs…

100 Women in Finance in Bermuda hosted its first hybrid event this month, sponsored by Bermuda Clarity Institute.
100 Women in Finance is a global network of professionals in the finance and alternati…

AM Best has affirmed the financial strength ratings of A (Excellent) and the long-term issuer credit ratings of “a+” (Excellent) of Bermudian-based Ascot Group Limited’s operating subsidiaries.
The ra…

It’s open house time for the new Economic Empowerment Zone hubs, as the Bermuda Economic Development Corporation aims for more accessibility.
The BEDC has recently launched the fifth cohort of Enterpr…

On-air talent at Bermuda’s Channel 82 will go international from its Cemetery Road studios.
The channel streams live 24/7 and on the company website channel82.bm, as well as Channel 82 on One Comm’s B…

The RG/BSX Index closed unchanged at 2,375.41 with no trading activity on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited finished 40 cents (1.21 per cent) higher at $33.39,…

Bermudian-based Alpha Innovations and Apex Group have announced their collaboration to support the launch of Strada Digital Masterpieces, a tokenised fine art fund.
Its corresponding master fund has a…

The Bermuda Monetary Authority’s operational cyber-risk management code of conduct has come into force for banks and deposit companies on the island.
The coming into force follows recent amendments to…

SiriusPoint Ltd, the Bermudian-based global specialty re/insurer, has appointed Bobby Heerasing as active underwriter of Lloyd’s Syndicate 1945.
Mr Heerasing joined SiriusPoint in October last year wi…

AM Best has downgraded the long-term issuer credit rating of Sompo International Holdings Ltd, the Bermudian-based re/insurer, from “a” (Excellent) to “a-” (Excellent).
The agency said the downgrade i…

The Association of Bermuda International Companies has appointed Wayne Smith to be the organisation’s next executive director.
Mr Smith, whose career has spanned the public and private sectors, will j…

White Mountains Insurance Group Ltd, the Bermudian-domiciled financial services holding company, has announced the final results of its “modified Dutch auction” tender offer.
Based on the final count …

Hamilton Princess & Beach Club is among the nominees in the “best social media of an historic hotel” category for the 2022 Historic Hotels Worldwide Awards of Excellence.
The Princess, which opene…

Bermudian-based Höegh LNG Partners LP, the floating liquefied natural gas service provider, has announced the completion of its previously announced acquisition by Höegh LNG Holdings Ltd.
Höegh LNG ac…

The Association of Bermuda International Companies is promoting diversity, equity and inclusion within its membership.
Abic’s Diversity and Inclusion Committee, formed in 2017, has worked at HR and C-…

After a ten-month hiatus, Temptations Cafe has reopened at 18 Wellington Street, in the town of St George.
Juilette Hoerrmann ran the eatery for 17 years on York Street. She retired in 2019, and her …

Of all the competencies that we value in leaders, it is the ability to inspire and be inspirational that rises to the top. To some this is natural, to others, it is learnt and practised.
This is a co…

This may not be electrifying news to island residents, but Bermuda has been found to be the most expensive place in the world to run appliances.
Research by William Russell, the UK-based insurer, look…

Ignite will commence the 6th cohort of the core accelerator programme October 4 with boot camp for 34 new members.
The “Fuel Your Ambition Series” starts online October 19 for over 40 new members.
Ign…

The venture capital arm of a Bermudian-based company has led a $15 million Series A funding round by the fintech company Inclined Technologies Inc.
Inclined said it aims to democratise a $150 billion …