Royal Gazette

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 18 cents (0.52 per cent)…

Student and aspiring lawyer Ice’ces Jackson has been awarded the Carey Olsen Investing in People scholarship.
The firm said she is the second person to be awarded the scholarship since its launch.
Ms …

Compre, the international legacy group headquartered in Bermuda, has acquired the hospital liability portfolio of German insurer Basler Sachversicherungs-AG, an entity of the Baloise Group.
The acquis…

Apex Group Ltd, the Bermudian-based global financial services provider, has acquired SandsPoint Capital Advisors, the US-headquartered professional services firm to the real estate market.
SandsPoint …

A Bermuda company executive has been granted a US patent for software that is a powerful defence against cyberwarfare.
But the application has been engineered into an integral part of a suite of servi…

BlockFi, the global crypto financial services company, is recruiting staff for an office in Bermuda.
The company, which also has operations in New Jersey, is advertising for a head of Bermuda AML, and…

Dear Dave,
My husband and I are retired. I receive a small pension, and we are both on government health insurance. We have about $25,000 left to pay on our mortgage, along with a second mortgage of $…

Offshore law firm Appleby has announced that 32 of their lawyers across nine jurisdictions have been recognised in this year’s IFLR1000 rankings.
Appleby’s offices in Bermuda, the British Virgin Islan…

The US Federal Reserve raised interest rates again on July 27, in a second abrupt escalation one month apart, an additional 75 basis points, or 0.75 percentage points, was added to several prior actio…

Digicel is launching LookOut – a mobile security app that protects digital information.
The company said the app is useful at every level, including for device security, internet privacy and identity …

Financial services company Athene Holding Ltd. donated more than $4 million to charitable causes, committed a million dollars to water quality and train improvement in Central Iowa and executed the tw…

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 Bermudian-based Axis Capital Holdings L…

Maura McGuigan, a senior director at AM Best, is to be among the panellists for a discussion about using captives for environmental, social and governance (ESG) initiatives during the Bermuda Captive …

As a former Caribbean and Bermuda super heavyweight boxing champion, Sharrieff Wales knows a knockout when he sees one – and the new store he has opened with his wife, Jane, surely qualifies.
Fresh, a…

The Governor’s assent to a bill that amends the 1969 Bermuda Monetary Authority Act brings in force changes as to the authority’s oversight with respect to the conduct of the business of financial ins…

The RG/BSX Index finished at 2,362.86, down 1.19 points (0.05 per cent) after two issues traded on the Bermuda Stock Exchange.
Argus Group Holdings Ltd. closed at $6.25, down a nickel (0.8 per cent) o…

Apex Group Ltd, the global financial services provider based in Bermuda, has extended its existing partnership with Marlin Capital Partners to provide fund administration and accounting services to it…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-based Rembrandt Insurance Company Ltd.
Rembrandt is a captive…

DHT Holdings Inc, the Bermudian-based crude oil tanker company, has reported a net profit in the second quarter of $10 million.
That compares with a net profit in the second quarter of 2021 of $800,00…

A direct, wholly-owned subsidiary of Bermudian-based Textainer Group Holdings Limited, one of the world’s largest lessors of intermodal containers, has completed an amendment to renew and extend the t…

Five new interns joined two returning interns this summer at Liberty Mutual Bermuda.
The company said candidates underwent a competitive application and interview process and were hand selected by dep…

After a decade of delivering stress-free healthcare to their animal patients, mobile veterinary business owners Lucy and Mark Richardson still marvel at how enthusiastically their venture has been rec…

The cost of goods in Bermuda rose by 3.7 per cent year-on-year – the largest increase in almost 15 years – according to the Government.
The increase was highlighted in the May 2022 Consumer Price Inde…

The RG/BSX Index closed unchanged at 2,364.05 after one issue traded on the Bermuda Stock Exchange.
Argus Group Holdings Ltd closed unchanged at $6.30 after 1,000 shares changed hands.
The Bank of N.T…

Accounting students Charlie Jackson and Makeda Bridgewater are the recipients of scholarships from KPMG in Bermuda.
Mr Jackson has been awarded the KPMG Scholarship valued at $20,000 annually for up t…

Seven directors of Bermudian-based Golar LNG Limited were re-elected at the company’s annual general meeting today.
Resolutions were passed to re-elect Tor Olav Trøim, Daniel Rabun, Thorleif Egeli, Ca…

Bermudian-based Maiden Holdings Ltd has reported second quarter net income available to Maiden common shareholders of $25.8 million.
That compares with net income of $26.8 million in the second quarte…

Funds managed by Wafra Inc, the global alternative asset manager with a presence in Bermuda, have acquired a strategic minority ownership interest in Thompson Street Capital Partners.
Thompson Street …

The RG/BSX Index slumped 16.06 (0.68 per cent) to close at 2,364.05, pulled down by the trading of 18,300 BF&M Ltd shares ($366,226), which closed at $20, down $1.76 (8.1 per cent).
There were no …

The founder of activist shareholders Voce Capital Management LLC has been appointed as an independent member of Argo Group International Holdings Ltd’s board of directors.
J Daniel Plants is chief inv…

Milliman Inc, the Seattle-based global consulting and actuarial firm, has opened an office in Bermuda.
The company said its expertise has long been relied upon by companies operating in Bermuda, as we…

Enstar Group Limited, the Bermudian-based insurer, has reported net losses of $493 million and $775 million for the three and six months ended June 30, driven by unrealised losses on fixed income secu…

Texas-based National Western Life Insurance Company has announced the execution of an annuity reinsurance transaction with Aspida Life Re Ltd, a Bermudian-based reinsurer.
The transaction was effectiv…

Bermudian-based Signet Jewelers Limited, the world’s leading retailer of diamond jewellery, has signed a definitive agreement to acquire Blue Nile Inc, an online retailer of engagement rings and fine …

A wholly-owned subsidiary of Bermudian-based Enstar Group Limited has signed an agreement for a loss portfolio transfer with island-based specialty insurance underwriter Argo Group International Holdi…

Borr Drilling Limited, the oilfield services company based in Bermuda, has reported a net loss of $165.3 million in the second quarter.
That is an increase in loss of $114 million compared to the firs…

A Belco engineer who said he technically died after a road traffic accident eight years ago, before gaining a second chance at life at King Edward Hospital, and who went on to study alternative medici…

Bermudian-based Argo Group International Holdings Ltd has reported a net loss attributable to common shareholders of $18.9 million for the second quarter of the year.
That compares to net income attri…

The RG/BSX Index fell 2.19 points (0.09 per cent) to 2,380.11 after one issue – BF&M Ltd. – had 18,500 shares ($407,774) change hands.
BF&M finished down 24 cents at $21.76.
The Bank of N.T. B…

The Argus Group has appointed Janice Fernandes as the company secretary.
She replaces the interim company secretary, Simon Giffen.
Argus said Ms Fernandes will manage all corporate secretarial matters…

Bermudian-based R&Q Insurance Holdings Ltd has reported an 82 per cent year-over-year increase in gross written premium for the first half of 2022.
The non-life global specialty insurance company …

White Mountains Insurance Group Ltd, the financial services holding company domiciled in Bermuda, has reported comprehensive losses attributable to common shareholders of $174 million and $143 million…

Belco cashiers at the company’s head office on Serpentine Road in Pembroke are to open late Tuesday due to a company meeting.
Cashiers will open to customers at 10.30am.
Belco said customers may still…

An authority on cyberterrorism, a former US National Security Agency counterterrorism chief, is one of the special guests at the Bermuda Captive Conference in September.
Rachel Wilson, managing direct…

Long after the anticipated return to service of a popular Washington Lane takeout restaurant, Casablanca remains shuttered, hit by an unforeseen staffing problem.
Three weeks ago, there was every atte…

Borr Drilling Limited, the Bermudian-based oilfield services company, has received a binding letter of intent for the premium jack-up drilling rig Prospector 5 from an undisclosed operator in West Afr…

As a mother and fitness instructor, Sionna Barton could see a gaping hole in children’s fitness on the island.
“There was no room for youngsters who just wanted to have recreational fun in fitness in…

Bermudian-based Teekay Corporation has reported net income attributable to shareholders of Teekay of $5.3 million in the second quarter.
That compares with a profit of $888,000 in the first quarter of…

AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of Bermudian-based Golden Tree Reinsurance Limited.
The outlook of the credit ra…

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