Royal Gazette

On April 18 2022, a financial literacy contest was announced for all readers of this Moneywise column, seeking five winners.
The contest invited any interested contestants to describe in 200 words or …

Inflation: it’s a constant news headline, the joke of every meme, and the word we curse under our breath every time we have to put the fancy bacon back on the shelf and grab the generic turkey bacon i…

With a total trade volume of just 1,354 shares valued at $44,592.10 on the Bermuda Stock Exchange, the RG/BSX Index closed unchanged for the week, without the benefit of a Friday session.
The market w…

AM Best has upgraded the credit ratings of Ardellis Insurance Ltd, the Bermudian-based Class 3A insurer.
The agency has upgraded the company’s financial strength rating to A (Excellent) from A- (Excel…

White Mountains Insurance Group Ltd, the Bermudian-domiciled financial services holding company, has announced the preliminary results of its “modified Dutch auction” tender offer to purchase up to $5…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a” (Excellent) of the operating subsidiaries of Essent Group Ltd, the mortgage re/insure…

Bermudian-domiciled White Mountains Insurance Group has contributed a slice of a $315 million Series D round of funding raised by Pie Insurance, the insurtech company specialising in workers’ comp ins…

Natasha Scotland Courcy has been elected as chairwoman of the Bermuda International Long Term Insurers and Reinsurers at the organisation’s annual general meeting.
Ms Scotland Courcy, who is senior vi…

Bermuda is already preparing for Hurricane Fiona, scheduled to bring a period of hurricane-force winds in the early hours of Friday.
There was a line out the door at Masters Home Centre on Dundonald S…

The US Federal Reserve, the country’s central bank, boosted its benchmark overnight interest rate by 75 basis points on Wednesday — and said further rate hikes are anticipated.
In Bermuda, the Bank of…

A London investment chief in Bermuda this week criticised US president Joe Biden for what some have described as careless remarks during an interview on the CBS television news show 60 Minutes, aired …

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 69 cents higher at $34.33 at the close of …

The Bermuda Economic Development Corporation is accepting applications for its Enterprise Bermuda Accelerator programme.
The six-to-seven-month intensive programme provides support to small and medium…

The US Federal Reserve, the country’s central bank, boosted its benchmark overnight interest rate by 75 basis points today – and said further rate hikes are anticipated.
The three-quarters of a percen…

Global speciality insurer SiriusPoint Ltd has partnered with Insurate Inc, a newly launched managing general agent, specialising in workers’ compensation insurance.
Insurate is focused on small and mi…

Small businesses can enter this week to win a free data privacy course that prepares them for new privacy laws for all Bermuda businesses.
When the new Personal Information Protection Act comes online…

As Hurricane Fiona heads on a path northward, a Bermudian-based company and an American university have announced the launch of a hurricane-focused research collaboration.
Aeolus Capital Management Lt…

Elementum, the US-based alternative investment manager with an affiliated operation in Bermuda, has announced that Douglas Duncan has joined their senior team in the firm’s Chicago headquarters as chi…

Strategic Risk Solutions, the world’s largest independent insurance company manager, has announced that Bermuda market veteran Brad Meindersma has joined as the president of SRS Managers (Canada) Limi…

The last eight months have been an extremely tough market, investments expert Sailesh Bhundia told the weekly Hamilton Rotary meeting, with one of his chief concerns being inflation.
“We have also ha…

The RG/BSX Index closed unchanged at 2,375.41 after one trade for the day on the Bermuda Stock Exchange.
Bank of N.T. Butterfield Ltd closed unchanged at $33.00 after 1,354 shares changed hands.
The B…

The upcoming impact of technology on healthcare, education and Bermuda’s major insurance and reinsurance industries will be the focus of a Bermuda Chamber of Commerce virtual presentation in conjuncti…

Three primary factors have spurred the growth of the island’s long-term sector over the last 10 years, a panellist told attendees at the 2022 Bermuda International Life & Annuity Conference on Mon…

Apex Group Ltd, the Bermudian-based global financial services provider, has expanded its ESG offering with the launch of a new Impact Positive Solution for investors and companies seeking to measure …

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has announced its expansion into the group personal accident and health insurance market.
The company said it has lau…

BF&M Limited has appointed Stephanie Hanson to the role of EVP, group chief operating officer.
In her new role, the company said, Ms Hanson will be responsible for overseeing all support operation…

Compre, the Bermudian-headquartered international legacy group, has appointed claims veteran Bill Bouvier as claims director, North America.
Mr Bouvier will be based in Compre’s Connecticut office and…

California-based Bamboo Ide8 Insurance Services LLC, which has a Bermudian-domiciled captive insurance entity, has announced the $16 million close of its Series A funding round.
Since launch, Bamboo h…

Bermudian-domiciled Monument Re has agreed the novation of a retrocession agreement from Enhanzed Reinsurance Ltd to Monument Re.
Enhanzed Re is a subsidiary of Bermudian-based Enstar Group Limited.
M…

Bermudian-based DHT Holdings Inc, the crude oil tanker company, has announced a new dividend policy with 100 per cent of net income being returned to shareholders in the form of quarterly cash dividen…

There is a new face at the LifeThyme Wellness Clinic on Church Street in Hamilton.
Jamie Kimball, an American acupuncturist with a passion for women’s health, has joined the practice.
Anne Marshall a…

A new deal that East End Asphalt Company Limited has signed with a US provider of industrial aggregate, Carver Companies, will positively impact the price, quality, and convenience of aggregate supply…

We Bermudians do have a unique culture, no question about it. Our music is unique, influenced from many sources: yet stands on its own identity as local musicians will make melodies individualistic, a…

June’s retail sales volume fell to a lower level than the pre-pandemic June of 2019, the government reported Friday night. Even less food was sold.
Retail sales for June 2022 decreased 4.3 per cent co…

The RG/BSX Index fell 26.01 points (1.08 per cent) to 2,375.41 for the day on a share volume of 1,900, pulled down by BF&M Ltd. which closed down $2.85 (11.9 per cent) at $21.15 on a share volume …

Acrisure Re, the reinsurance broking and advisory firm with an operation in Bermuda, has announced the expansion of its corporate advisory and solutions division into North America with the appointmen…

John Burke, global chief marketing officer of drinks giant Bacardi and president of Bacardi Global Brands Limited, will retire after more than 28 years with the company at the end of 2022.
During his …

A free, month-long pilot programme has paid dividends for Soham, the social enterprise that uses yoga and mindfulness to help young people grow into their best selves and live their best lives.
Tiffan…

The RG/BSX Index fell 0.65 of a point (0.03 per cent) to 2,401.42 after Watlington Waterworks Ltd. fell 55 cents (1.9 per cent) to close at $28.50, with its trading of 1,500 shares on the Bermuda Stoc…

Matthew Corbin has joined Rawlinson & Hunter as trust services manager.
Mr Corbin joins the firm with 20 years of fiduciary and corporate experience, specialising in the formation and administrati…

CFA Society Bermuda has announced that the next financial literacy series, offered in partnership with the Bermuda College PACE programme, is to begin on September 28.
The series will run from 6pm unt…

Essent Group Ltd, the mortgage re/insurer based in Bermuda, has announced that Anu (Henna) A Karna has joined its board of directors.
Mark Casale, chairman and chief executive officer, said: “Henna br…

The Bermuda Business Development Agency is to send a delegation to the InsureTech Connect event in Las Vegas next week.
BDA chairman Stephen Weinstein will speak on a panel entitled “Commercial Proper…

An Australian agriculture fund manager has appointed Apex Group Ltd, the Bermudian-based global financial services provider, for the provision of fund administration services.
Brisbane-based Laguna Ba…

Counterpart, the AI-driven management liability insurtech, has launched crime coverage for small businesses backed by Bermudian-based Aspen Insurance.
The policy can be purchased on a stand-alone basi…

Everest Reinsurance, the reinsurance division of Bermudian-based Everest Re Group, has made appointments to two key leadership roles in its international division.
Harald Jacobsen has been appointed s…

The Economic Development Department has launched the annual Reverse Pitch Competition.
Unlike a regular pitch competition, which involves participants presenting their business idea to potential inve…

Yolanda and Daron Harvey had to buy a cover for their car, because there is not much room in their garage any more. That is where they store all their thrones.
Since November 2020, the Warwick couple…

The RG/BSX Index rose 9.30 (0.39 per cent) to close at 2,402.07, affected by Argus Group Holdings Ltd. which rose 39 cents (6.5 per cent) to $6.39 on a trading volume of 3,000 on the Bermuda Stock Exc…

Shareholders of Bermudian-based R&Q Insurance Holdings Ltd have voted against resolutions brought by activist investors seeking to remove William Spiegel as a director and to appoint Ken Randall.
…