Royal Gazette

Dear Dave,
My wife and I have plans to enter the mission field as soon as we have paid off our debt and get a full emergency fund in place. We only have about $12,000 in credit card debt left, and we …

The RG/BSX Index finished 151.58 points (6.36 per cent) higher for the week at 2,382.30, after advances led gainers two to one on the Bermuda Stock Exchange.
Bank of N.T. Butterfield Ltd. (10 per cent…

Back in March 2020, Kyra-Lee Van Putten and boyfriend Jamal Woodley found themselves stranded together in Canada during the pandemic.
“It was my birthday and Jamal came up to visit me in Toronto, wher…

Rebounding tourism and strong consumer spending is keeping Bermuda’s economy moving in the right direction, according to newly released first-quarter figures.
But there were some negatives in the fina…

Giovanni Hollis, a Bermudian university student, has been awarded the 2022 BFIS CG Insurance Alan Peacock Scholarship.
The award is valued at $25,000 for two academic years, totalling $50,000.
Mr Holl…

Total business registration slipped by 0.8 per cent with 266 new businesses registered, a decline of 17.1 per cent from the previous year, according Bermuda’s newly released first quarter results.
But…

SiriusPoint Ltd, the Bermudian-headquartered global specialty re/insurer, has reported a net loss of $61 million for the second quarter of the year.
That result takes the company’s net loss for the fi…

Teekay Tankers Ltd, the Bermudian-based owner and operator of mid-sized crude oil tankers, has returned to profitability.
The company reported net income of $28.5 million in the second quarter of the …

Sarah Medeiros is the recipient of MJM Limited’s 2022 Legal Scholarship.
Ms Medeiros was awarded the scholarship to a value of $10,000 to assist with her legal studies.
The 2021 graduate of Mount Sain…

Convex Group Limited, the Bermudian-based international specialty re/insurer, has acquired a strategic 7.7 per cent share in Quotech, the underwriter-led insurtech that creates practical systems for s…

Bermudian-registered Nabors Industries Ltd has recorded a net loss from continuing operations attributable to Nabors shareholders for the second quarter of $83 million.
This compares to a loss of $184…

Bermudian-based Fidelis Insurance Holdings Limited has become a member of ClimateWise, the climate change initiative.
ClimateWise represents a global network of leading insurers, reinsurers, brokers, …

Lloyd’s has received regulatory approval from the Prudential Regulation Authority and the Financial Conduct Authority in the UK to set up a second protected cell company.
The new PCC provides a broade…

Assured Guaranty Ltd, the bond insurer based in Bermuda, has reported a net loss of $47 million for the second quarter of the year.
That result includes after-tax losses of $63 million related to fore…

Palomar Holdings Inc, the parent company for subsidiaries including island-based Palomar Specialty Reinsurance Company Bermuda Ltd, has reported net income of $14.6 million for the second quarter.
Tha…

Apex Group Ltd, the Bermudian-based global financial services provider, has closed the £1.5 billion acquisition of Sanne Group plc, a leading global provider of alternative asset and corporate service…

HSBC Bermuda said last night they will be raising their base lending rate on residential mortgages and consumer loans for the first time since 2019.
Effective October 4, they will raise their base ra…

Kim Lawrence felt an immediate sense of calm the first time she wore a malachite crystal.
“I felt at peace and it helped me tap into my purpose,“ Ms Lawrence said. ”Malachite is a deep-green stone wi…

Twelve aspiring entrepreneurs have graduated from the second Young Adult Entrepreneurial Internship programme presented by Ignite Bermuda.
The nine-week programme enabled participants, who ranged in a…

Newly released figures from PartnerRe show the company lost more than $1.1 billion in the first half of the year.
According to the latest report, the net loss was driven by unrealised losses on fixed …

Shane McDonnell is the new head of business at Digicel Bermuda, overseeing day-to-day operations, managing an expanding team of account managers and making strategic decisions related to sales and sol…

The RG/BSX Index rose 149.49 (6.69 per cent) to 2,382.30, driven higher by Bank of N.T. Butterfield Ltd, which was up $3 (10 per cent) to $33 on the trading of 689 shares.
It was countered by BF&M…

Chris Weber has commenced his role as senior vice president and chief financial officer at Valaris Limited, the Bermudian-based offshore drilling services company.
Mr Weber, who was appointed in May, …

Kiniksa Pharmaceuticals Ltd, the Bermudian-based biopharmaceutical company with a portfolio of assets designed to modulate immunological pathways across a spectrum of diseases, has reported a net loss…

The Employee Assistance Programme of Bermuda has been reaccredited by the Bermuda National Standards Committee.
EAP executive director Latisha Lister-Burgess said EAP Bermuda is the only accredited em…

Restaurateur Marico Thomas plans to double his FoodHub workforce by hiring 150 more people.
The new staff will be split among FoodHub’s new location in St George, currently under renovation, their ren…

Elbow Beach Cycles in Paget is now in the hands of Scooter Mart.
Dolores Thomas, better known as ‘Mrs T’, handed the baton to Nick Thomson at Scooter Mart at the beginning of July, after decades of cy…

Butterfield Bank’s increased interest rates on loans by half a percentage point comes with a warning that more increases are likely to come soon.
The bank absorbed a third of the 75-basis-point increa…

The leader of the OBA has warned consumers with variable interest-rate loans to brace themselves for higher payments, in light of the latest US Federal Reserve interest-rate increase.
“Overdraft fees …

The International Coaching and Leadership Institute has joined forces with Bermuda College to offer a new coach training and leadership development programme to professionals and students.
Beginning i…

Restaurateur Marico Thomas plans to double his FoodHub workforce by hiring 150 more people.
The new staff will be split among FoodHub’s new location in St George, currently under renovation, their ren…

The RG/BSX Index finished 2.09 points (0.09 per cent) higher at 2,232.82 after one issue traded.
LOM Financial Limited had 25,000 shares move, finishing 35 cents (6.8 per cent) higher at $5.50.
The B…

Seven participants in the fifth annual Summer Student Entrepreneur Programme presented by the Bermuda Economic Development Corporation have introduced their businesses to the community with a meet and…

International General Insurance Holdings Ltd has signed a non-binding letter of intent to acquire Energy Insurance Oslo AS, a Norwegian managing general agency.
The Bermudian company said the proposed…

James River Group Holdings Ltd, the insurance holding company based in Bermuda, has reported second quarter net income available to common shareholders of $5 million.
That compares to net income of $2…

Mosaic Insurance has launched a podcast series exploring the impact fast-changing risks are having on people, businesses, and global economies.
The “Mosaic Moment” series offers informed insights on e…

Butterfield Bank’s increased interest rates on loans by half a percentage point comes with a warning that more increases are likely to come soon.
The bank absorbed a third of the rise of the 75 basis …

Valaris Limited has reported net income of $113 million in the second quarter compared to a net loss of $40 million in the first quarter of the year.
The Bermudian-based offshore drilling services com…

Bermudian-based Textainer Group Holdings Limited, one of the world’s largest lessors of intermodal containers, has reported net income of $78.6 million for the second quarter.
That compares with $72.7…

RiverStone International, the acquirer and reinsurer of legacy and discontinued insurance business with an office in Bermuda, has announced that Mike Cain has joined the company as group head of legal…

A veteran honey producer has seen a major decline in the local bee population during his 40-year career.
Lewell Woolridge, of Bee Lovers Beekeeping in Paget, pointed to land development as the culprit…

Oliver Wyman, the global management consulting firm and business of Marsh McLennan, has announced the opening of a new actuarial office in Bermuda under the leadership of Faisal Haddad.
“As demand for…

LOM Financial Limited’s net profit for the first half of 2022 fell 90 per cent year-on-year to $823,493.
That compares with a profit of $8,052,398 for the same period in 2021.
In a letter to sharehold…

The RG/BSX Index remained unchanged at 2,230.73 at day’s end, after no trading on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited finished the day down 30 cents (0.89 per ce…

Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a net profit of $28.8 million for the second quarter of the year.
That compares…

LOM Financial Limited’s net profit for the first half of 2022 fell 90 per cent year-on-year to $823,493.
That compares with profit of $8,052,398 for the same period in 2021.
In a letter to shareholder…

An American biosciences company has launched Aanika Re in Bermuda with initial backing from Adit Ventures, the global venture capital firm.
Aanika Biosciences was accepted into the Bermuda Monetary Au…

Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has reported net income attributable to common shareholders for the second quarter of $184.6 …

ATN International Inc, the Massachusetts-based parent company of One Communications and Fireminds, has reported a net loss of $500,000 for the second quarter of the year.
That compares with net income…

Ascot has announced the launch of a marine cargo and war facility which will provide coverage for vital grain and food products transitioning through safe corridors established by the newly signed Bla…