Royal Gazette

Polaris Holding Company Ltd, the parent to Hamilton docks operator Stevedoring Services Ltd and East End Asphalt Company, has reported earnings for the year to the end of March of more than a million …

The RG/BSX Index climbed 37.70 (1.59 per cent) to close at 2,401.75, buoyed by insurance stocks trading on the Bermuda Stock Exchange.
Argus Group Holdings Ltd. closed at $6.35, up a nickel (0.8 per c…

White Mountains Insurance Group, Ltd. has commenced a “modified Dutch auction” self-tender offer to purchase up to $500 million in value of its common shares, at a purchase price between $1,250 and $1…

BF&M Limited has reported shareholders’ net loss of $12.3 million for the six months ended June 30, as compared to the shareholders’ net income for the comparative period in 2021 of $14.8 million….

Aran Giffen and Salayah Stange have been selected recipients of the 2022 EY Gil Tucker Bermuda Scholarships.
The scholarship fund was created in honour of Gil Tucker, who retired in 2015 and held the …

Liberty Mutual Insurance has appointed Kevin Smith as president of Global Risk Solutions North America.
Reporting to GRS president Neeti Bhalla Johnson, Mr Smith will be accountable for delivering GRS…

Tika Gilbert has been appointed president of the Institute of Bermuda Architects.
Ms Gilbert is RIBA chartered architect, registered in the UK, Bermuda with an Int. Associate of AIA and graduate of Ki…

Three new Deloitte Bermuda partners are: Andy DeGregorio, tax & legal; Eric Wehrwein, audit & advisory; and, Ed Willmott, financial advisory.
Mr DeGregorio joined the tax practice at Deloitte …

More than two years after the world first locked down for Covid, supply-chain disruptions are still impacting the global auto industry.
Among the affected businesses are Pembroke’s Auto Solutions and …

Kroll, the international management consulting firm, is recruiting staff for a new office in Bermuda.
Registered in March, an application was made in May to the Minister of Finance for a licence to op…

The US Federal Reserve’s unprecedented tightening of monetary policy may have slowed the inflation momentum, but an economist has warned that the Fed needs to “keep the pedal to the metal”.
The latest…

The scheduled article for today was superseded by the concerning survey results conducted by Narrative Research Bermuda online from 382 adults featured on August 18 in The Royal Gazette.

The report n…

Dear Dave,
How do you know if a will or a trust is best for you?

– Monica

Dear Monica,
This is a great question, especially since August is National Make-a-Will Month in the United States. The fi…

The RG/BSX Index remained unchanged at 2,364.05 for the week with no trading activity on the Bermuda Stock Exchange at all.
The Bank of N.T. Butterfield & Son Limited finished down 10 cents (0.29 …

Stablehouse, the Bermudian-based digital assets investment platform, has announced changes to its rate structure for new and existing investors.
The company said the new rates reflect the best risk-ad…

Registration is now open for Dive In, the insurance industry’s most prominent voice for a progressive future for almost a decade.
The international festival, consisting of virtual and physical events …

Bermudian-based International General Insurance Holdings Ltd has reported a profit for the quarter ended June 30 of $21.8 million, compared to profit of $8.2 million for the prior year period.
Core op…

Axa XL, the P&C and specialty risk division of Axa SA has awarded their 2022 scholarship to University of British Columbia Sauder School of Business student Daniel Osset.
The Axa XL Scholarship is…

The RG/BSX Index remained unchanged at 2,364.05 for the day with no trading activity on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited finished up 41 cents (1.19 per cent) …

Bermuda Aviation Services Limited, trimmed total operating expenses from continuing operations by $300,000 year over year and posted a total comprehensive income of $1.2 million for the year ended Mar…

Karan Martin has taken on the role of chief operating officer at Legal & General Reinsurance, the second woman to join the senior leadership team this year.
Melody Greenslade became head of human…

Bermudian-based Mosaic Insurance is marking a milestone this week, with two new hires sharing 100th-employee honours.
Emma Denny and Derrieka Johnson have joined the specialist insurer, which launched…

Insurance industry veteran Carol Frey has joined Concert Group Holdings Inc as senior vice-president, business development, reporting to chief underwriting officer Joe Alberti.
“I’m delighted to welco…

Bermudian-based Catalina Holdings Ltd has appointed Andrew Diaz-Matos as chief commercial officer and chief legal officer reporting to group chief executive officer Ian Parker.
Catalina, an industry l…

Brad Adderley, Bermuda managing partner at law firm Appleby, is to speak at the 2022 Society of Actuaries Life Meeting next week in Chicago.
The firm said the three-day annual event, to be held from A…

A former Bermuda Monetary Authority reinsurance supervisor has risen to the top of an international reinsurer with offices in Bermuda.
Chris Killourhy has been appointed as managing director of QBE Re…

The Argus Group released its annual report for the financial year ended 31 March 2022. The report’s theme is “More Than Meets The Eye”, inviting the reader to take a closer look and learn how Argus is…

Businessman Raj Gupta, who runs the island-based investment management firm Invictus RG, is to hold his first solo art exhibition beginning on Friday at the Bermuda Society of Arts.
Mr Gupta won art c…

Real estate professionals received awards during a ceremony at the Royal Bermuda Yacht Club Wednesday to recognise professional services team members of the Bermuda Realty Company Limited and top sale…

The RG/BSX Index remained unchanged at 2,364.05 for the day with no trading activity on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited finished down 49 cents (1.40 per cent…

Digicel has said they will deliver faster speeds for home fibre internet with the introduction of gig speeds from Digicel+.
The company said in a statement Wednesday that the introduction of gigabit …

Polaris Holding Company Ltd., parent company to Stevedoring Services Limited and East End Asphalt Company Limited has made Zyon Minors the recipient of a Polaris Holding Company Ltd. Education Award.
…

SiriusPoint Ltd, the global specialty re/insurer headquartered in Bermuda, has appointed Phil Wooldridge as head of London US Casualty.
The company said Mr Wooldridge has more than 25 years of experie…

SFL Corporation Ltd, the ship-owning company based in Bermuda, has reported a net profit of $57.4 million in the second quarter of the year.
The company received charter hire of approximately $164.9 m…

Bacardi Limited, the world’s largest privately held spirits company, has appointed Dave Ingram as chief supply chain officer.
The Bermudian-based company said Mr Ingram brings 30 years of supply chain…

Bermudian-based Premia Holdings Ltd has announced that Premia Syndicate 1884 has entered into a loss portfolio transfer agreement with Hiscox Syndicate 33.
The subject portfolio consists of a diverse …

The RG/BSX Index remained unchanged at 2,364.05 for the day with no trading activity on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited finished up 26 cents (0.75 per cent) …

An eight week global fintech education programme was recently completed by 13 Bermudians.
The programme was a collaboration between the Economic Development Department and NEXT, the Island’s first dig…

Industry veteran Doug Kovach has joined Concert Insurance Company as senior vice-president, underwriting and programme management, reporting to Concert’s chief underwriting officer, Joe Alberti.
“Doug…

Axa XL Insurance has promoted Michael Perrotti to the role of chief underwriting officer for its marine insurance business in the Americas.
Previously inland marine practice leader for marine in North…

Bermudian-based Argo Group International Holdings Ltd has appointed Jessica Snyder to serve as president, US insurance.
Ms Snyder will report to Tom Bradley, Argo’s executive chairman and chief execut…

HowdenCAP, a division of UK-based international insurance broker Howden, and Bermudian-based specialty carrier Mosaic Insurance have launched a pioneering integration of their technology platforms tha…

Global Atlantic Financial Group, the Bermudian-based financial services company, has announced a $10 billion group annuity reinsurance agreement with Equitable Financial Life Insurance Company to rein…

John Wight, the group CEO of BF&M Limited, is to retire at the end of the month.
Mr Wight, who became president and CEO of BF&M in 2005, will be succeeded as group CEO by Abigail Clifford, eff…

A Bermuda company is expecting to deliver in the near future a new class of waterway vessels powered entirely by sustainable energy – vessels envisaged as the next generation of commercial ferries.
Br…

Bermudian tech entrepreneur Tom Allason and the team at Residently have revolutionised the British rental property market with an app that eliminates the stress and pain from the renting process.
Laun…

Reinsurance companies are increasingly shifting away from the uncertainty of catastrophe risks and orientating their business mix more towards casualty and specialty primary lines, where pricing movem…

The Bermuda Business Development Agency is seeking a chief operating officer.

The BDA said that the new COO will be part of its executive team, reporting to the CEO.
An job advertisement on the BDA w…

This is one of those strange times when markets appear to be sending conflicting signals. Specifically, the 15 per cent rebound in the S&P 500 stock index since bottoming in mid-June suggests a li…