Royal Gazette

Risk, capital and strategic adviser to the (re)insurance industry, TigerRisk Partners LLC, has appointed Mitchell Rosenberg as partner and managing director of its investment banking division, TigerRi…

The first Bermudian feminine healthcare line to hit the shelves now has a growing international presence.
Bermudian entrepreneur Gayneté Jones launched “Best, Periodt.”, a female-engineered menstrual …

The provisional liquidators of a defunct bakery have offered to sell it, a published legal notice has advised.
The operators of the Cake Shop at 17 Curving Avenue, Pembroke, notified customers at the …

The RG/BSX Index remained unchanged at 2,454.91 after no activity for the day on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited finished the day up 11 cents (0.34 per cent)…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has sold its Endurance at Lloyd’s run-off business to RiverStone Holdings Limite…

Darag Group, the international legacy acquirer, has concluded a new agreement with an undisclosed captive insurance company.
The transaction structure was a novation of its 03-06 and 15/16 policy year…

The Bermudian principals of the world’s next generation of electric ferries and water shuttles know that the launch will draw a lot of international attention.
And with such global scrutiny, they see …

The value of global investments into insurtech plummeted by nearly 80 per cent in 2021, a report by London-based data and analytics company GlobalData Technology has revealed.
The organisation said th…

Vincent Darrell has won the 2022 Sheila Nicoll Argus Award, a $15,000-a-year scholarship, granted annually for three years.
The Argus Group said Mr Darrell will begin his degree in business management…

Aspiring entrepreneur Antoine Jones was the big winner as the Bermuda Economic Development Corporation celebrated the conclusion of the fifth annual Summer Student Entrepreneur Programme with an award…

The value of global investments into insurtech plummeted by nearly 80 per cent in 2021, a report by London-based data and analytics company GlobalData Technology has revealed.
The organisation said th…

DHT Holdings Inc, the Bermudian-based crude oil tanker company, has agreed to sell the DHT Edelweiss, a 2008 built very large crude carrier, for $37 million.
The company said the vessel is not fitted …

Bermudian-based Valaris Limited has been rated the number one offshore driller in EnergyPoint Research’s 2022 customer satisfaction survey covering offshore contract drillers.
The company said this an…

Bacardi, the Bermudian-based global spirits company, has launched Bacardi Reserva Ocho Rye Cask Finish, the second instalment in the brand’s limited-edition cask finish series.
The new aged rum offeri…

The new owners of a popular plant and nursery supplies business are off to a rousing start.
“Maintaining stock is our challenge – things are flying off the shelves,” said Eugene O’Connor, co-owner of …

Bermudians would accept more sustainable lifestyles, but change is hampered by the limited options available on the island, lack of education and regulation on where our waste goes, and the impact it …

“I was lucky to be in the right place at the right time. But many others were also in the same place. The difference was that I took action.” – Bill Gates
We humans are not very good at making dec…

The Bermudian-based subsidiary of US-based crypto currency exchange CoinZoom has been granted a license by the Bermuda Monetary Authority.
CoinZoom Global Ltd’s license under the Digital Asset Busines…

Eighty-one per cent of businesses surveyed have a ransomware coverage limit under $600,000 – or below last year’s median ransomware demand, a new report has revealed.
BlackBerry Limited and Corvus Ins…

Spend less, consume less, save more is a common mantra of financial advisers everywhere. It’s pertinent advice that may work when everything in a personal, community and government life is in equilibr…

Dear Dave,
My husband and I have always gotten by. We both make about $40,000 a year, we each turned 50 last month, and we only have a little bit of debt. Recently, my mother-in-law moved in with us d…

The RG/BSX Index finished the week at 2,454.91, up 90.86 points (3.70 per cent) as advancers led decliners four to two on the Bermuda Stock Exchange.
Bank of N.T. Butterfield Ltd. was up a dollar (3.0…

AM Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb+” (Good) of Bermudian-based ASR Re Limited.
The outlook of these credit ratings is stabl…

Civil aviation authorities have been given permission to help owners and lessors regain control of aircraft trapped in an international quagmire that is part of the Russia-Ukraine war.
It could also m…

Developing a client base, executing a successful capital raise and increasing interest internationally — it’s been a good few months for Cactus Ltd, the Bermudian company behind Marmalade, the deal pr…

Digicel has announced the launch of IPv6 internet address protocol in Bermuda.
A spokeswoman for the company said: “This latest internet address protocol enables a much more seamless experience on you…

Bermudian-headquartered Frontline Ltd, a shipping company engaged primarily in the ownership and operation of oil tankers and product tankers, has reported net income of $47.1 million for the second q…

Compre, the international legacy group headquartered in Bermuda, has announced it has received regulatory approval to acquire the French medical malpractice portfolio from a European-based insurer for…

Digicel has announced the launch of IPv6 internet address protocol to Bermuda.
A spokeswoman for the company said: “This latest internet address protocol enables a much more seamless experience on you…

Only one issue traded on the Bermuda Stock Exchange Thursday, as the RG/BSX Index remained idle at 2,456.29.
BF&M Ltd. was unchanged at $24 after 2,000 shares were transferred.
On the New York Sto…

Bermudian-headquartered Frontline Ltd, a shipping company engaged primarily in the ownership and operation of oil tankers and product tankers, has reported net income of $47.1 million for the second q…

Telecommunications industry veteran John Townsend has been appointed chief financial officer at the Digicel Group.
Immediately prior to joining Digicel, Mr Townsend was CFO – Business Group at Verizon…

BMS Group, the independent specialist re/insurance broker with an operation in Bermuda, has appointed Germán Torres-Ortíz as managing director and head of Caribbean facultative business for BMS Re Lat…

Bermudian-based Flex LNG Ltd has reported net income of $44.3 million for the second quarter 2022, compared to net income of $55.8 million for the first quarter of the year.
The liquefied natural gas …

Compre, the international legacy group headquartered in Bermuda, has announced it has received regulatory approval to acquire the French medical malpractice portfolio from a European-based insurer for…

Thirty years after one of the costliest and most consequential natural disasters in American history, the (re)insurance industry is warning legislators and regulators that urgent action is needed to p…

Clarien will adjust its Bermuda dollar base lending rate by 50 basis points (0.50 per cent) on September 1, following the US Federal Reserve rate increase on July 27, the bank has announced.
It will m…

The RG/BSX Index rose 0.91 of a point (0.04 per cent) to close at 2,456.29, after four issues traded on the Bermuda Stock Exchange.
Bank of N.T. Butterfield Ltd. was unchanged at $34 after 600 shares …

Retail sales in Bermuda continued their rebound in May, albeit slightly, increasing for the second consecutive month year-over-year, as reflected in the May 2022 Retail Sales Index.
After adjustin…

Clarien will adjust its Bermuda Dollar base lending rate by 50 basis points (0.50 per cent) September 1, following the US Federal Reserve rate increase on July 27, the bank has announced.
It will mean…

Bermuda is to be among the ports of call for the delivery trip across the Atlantic Ocean for the MSC Seascape, which has been built by Italy’s Fincantieri ship building group.
The cruise ship successf…

Bermudian-based Hoegh LNG Partners LP reported a five-fold increase in net income during the second quarter of the year compared to the prior year period.
The floating liquefied natural gas service pr…

Lombard International Group announced today that it has entered into a definitive agreement to sell its US and Bermuda business to BroadRiver Asset Management and its affiliated entities.
Lombard Inte…

Despite elevated catastrophe activity, AM Best’s composite of US and Bermudian reinsurers posted an improved underwriting margin in 2021, with a minimal number of COVID-19-related claims and larger co…

Healthcare reform in Bermuda may be up to a decade away, a veteran insurance executive has advised.
John Wight, the group chief executive officer of BF&M Limited, said that timeline is consistent …

Bermuda’s street life is filled with people lacking real identity and purpose, says hardworking plumber David Wilkinson.
He sees a study of hopelessness in some and a society trying to come to grips w…

Bermuda is featured in another Top Ten list, this time: 10 Reasons Bermuda Is the Ultimate Island Destination, the article just published Tuesday in the Leisure section of Town & Country magazine….

Beyond Cancer Ltd, the exempted company registered in Bermuda that is focused on developing ultra-high concentration nitric oxide for the treatment of solid tumours, has announced that the first patie…

The RG/BSX Index finished at 2,456.38 points, up 53.63 points (2.23 per cent).
The only active issue was Bank of N.T. Butterfield Ltd with 1,400 shares trading, and closing at $34.00, up a dollar (thr…

A former forecaster with the Bermuda Weather Service has been appointed head of catastrophe research at global specialty (re)insurer, Canopius Group.
Canopius said Geoffrey Saville will enhance the gr…