Royal Gazette

Bermuda’s existing banking fraternity appear set to welcome the island’s fifth bank into the Bermuda Bankers Association, the trade organisation for the industry.
A spokesman for the BBA confirmed th…

Bermudian-based Axis Capital Holdings Limited has announced sweeping changes to its operation as it shifts its focus to specialty underwriting.
A series of moves announced today include:
•Appointing V…

Matthew Grigg is to join the corporate practice at law firm Carey Olsen Bermuda Limited as a partner.
The firm said Mr Grigg is the second partner hire for the corporate team in the past year as it co…

Isaiah Cabral has been awarded the 2022 Deloitte Scholarship.
The professional services firm said the award offers up to $30,000 per year for a term that is typically two years.
Deloitte said it suppo…

The Bermuda Economic Development Corporation is about to launch the next cohort of their Think Like an Entrepreneur programme.
The course helps budding entrepreneurs establish goals and manage risks. …

Jesse DeCouto has been promoted to the position of chief underwriting officer at Bermudian-based Validus Re, the reinsurance arm of AIG.
Mr DeCouto will be responsible for global underwriting oversigh…

Darag Group, the international legacy specialist with an office in Bermuda, has appointed Rob Samuel as group chief operating officer.
The company said Mr Samuel has more than 20 years of experience i…

Bermuda’s long-proposed digital bank has become a reality with a licence under the Digital Asset Business Act that will also allow it to provide core banking services to the island.

Jewel Bank wil…

For the past year, Arnaud van Dijk has been working on a survey of how well prepared countries such as the Cayman Islands, Bermuda and Malta are for net zero.
The KPMG Cayman Islands principal has qu…

Patrick Charles and Darryl Siry have been appointed to the executive leadership team at SiriusPoint Ltd, the Bermudian-based global specialty re/insurer.
Mr Charles has also been promoted to global he…

The RG/BSX Index slumped 29.57 (1.33 per cent) to close at 2,188.43 after 3,200 shares ($17,554) of Argus Group Holdings Ltd. changed hands.
Argus stock fell $1.24 (20.7 per cent) to close at $4.76.
…

Aquarian Holdings, the New York-domiciled investment firm, has agreed to acquire a controlling interest in Somerset Reinsurance Ltd, the island-based provider of reinsurance solutions to the US life i…

Property and speciality re/insurer IQUW has appointed Helen Thornton as chief financial officer for IQUW Re Bermuda Limited and group head of finance.
Ms Thornton joined IQUW from Nephila Capital, whe…

Activity in the offshore drilling industry has returned to pre-Covid-19 levels, the chief executive of a Bermudian-based oilfield services company has revealed.
Patrick Schorn, CEO of Borr Drilling Li…

Insurance industry veteran Nicholas Walsh has been appointed to the board of directors of Sompo International Holdings Ltd, the Bermudian-based global provider of commercial and consumer property and …

People don’t care how much you know until they know how much you care.
– Theodore Roosevelt
Empathy is feeling that you understand and perhaps even share another person’s experiences or emotions. It’s…

Entrepreneur Alyson Thompson was highly motivated when she began to explore how to create Cedarberry Foods’ popular plant-based butter.
Ms Thompson, who has a dairy allergy, gave up eating butter relu…

The law of numbers has stymied an open call to Bermudians to participate in the next wave of revolutionary insurance from the island.
Few with the right qualifications – degrees in computer science, s…

The Bermuda branch of the Institute of Directors and law firm Carey Olsen Bermuda are to present a free session about the island’s economic substance regime.
The Bermuda Economic Substance: Summary an…

Bermuda is making headlines in cryptocurrency centred publications, republishing portions of a Wall Street Journal story focusing on the island.

Nasdaq.com headlines their markets section with: “B…

Starting with a reader comment: “After reviewing the Dalbar Quantitative Analysis of Investment Behaviour report that measured average investors against the performance of the S&P 500 equity index…

Teenagers who completed a personal finance class in high school would rather put $500 in the bank than buy a smartphone.
You read that right. With personal finance education under their belts, student…

The RG/BSX Index finished unchanged for the day and for the week at 2,218.00, with no trades on Friday.
During the week, some 6,700 Argus Group Holdings Ltd. shares changed hands ($40,200.00), as the …

Christophe Raimbault is to take on a new role as vice-president – sustainability and new energy at Valaris Limited, the Bermudian-based offshore drilling company.
Mr Raimbault, the company’s vice-pres…

Talia Iris sells her Coco Aroma Candles in five different stores on the island. Kim Lawrence sometimes offers her Zen Crystals products from her backyard. Michelle Hatherley, of Lil’ Avenues Boutique,…

Outside of Florida, large (re)insurers are positioned to absorb the shocks of potential catastrophic hurricane damage, Fitch Ratings has determined in their US Hurricane Season 2022 report.
The public…

PwC has released its 2021 Bermuda Environmental, Social and Governance Highlights, an inside look at how the firm impacts the world of business, the planet and people.
The company said: “The pandemic…

The RG/BSX Index closed unchanged at 2,218 in the absence of trading for the eighth day in a row.
The Bank of N.T. Butterfield & Son Limited closed up 42 cents (1.34 per cent) at $31.69 on the New…

Applications for the biggest ever BEDC small business incubator cohort close Friday.
This is the Bermuda Economic Development Corporation’s fifth Enterprise Bermuda group. Since its inception, it has …

AM Best has removed from under review with developing implications and affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of Bermudian…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa” (Superior) of Allianz SE (Germany) and 22 of its rated subsidiaries, including Allia…

The Bermuda office of professional services firm EY has added another string to its bow.
EY Law has launched, adding legal advisory services and legal managed services to the organisation’s range of s…

Bermudian-based Nordic American Tankers Limited, the oil tanker company, reported that board member Alexander Hansson has today bought 115,000 shares in NAT at $2.08 per share.
Mr Hansson is the son o…

An offshore drilling services provider, a Bermuda exempted company, has suffered business interruption, it said in a prepared statement.
Valaris Limited, the company that provides drilling services ac…

Six years after legislation for the Personal Information Privacy Act was passed, Privacy Commissioner Alexander White still cannot say when it will be enacted.
It is the Government’s prerogative, not …

The RG/BSX Index remained unchanged at 2,218.00 after light trading on the Bermuda Stock Exchange.
Argus Group Holdings Ltd. closed unchanged at $6 after 6,700 shares ($42,200) changed hands.
The Bank…

Acrisure Re, the reinsurance division of top-10 global (re)insurance broker and fintech platform Acrisure, has published its 2022 Pre-Season Hurricane Outlook report, forecasting an above average hurr…

Radiation oncologist Jedidiah Monson has been appointed to the position of chief medical officer at Beyond Cancer Ltd, an exempted company registered in Bermuda.
Beyond Cancer, an affiliate of Beyond …

Auto Solutions has welcomed the arrival of a new staff member, and celebrated a job well done by another.
Jahmal Watts has been appointed as service manager at the automotive dealer in Pembroke, and s…

A 45-day public review period has begun for the application by 24X National Exchange LLC to the US Securities and Exchange Commission for a license to create a new national exchange.
24X is a US subsi…

Bermudian-based Golar LNG Limited, the owner of tankers that haul liquefied natural gas, has sold the Golar Tundra to Milan-based Snam Group for $350 million.
The transaction saw Snam acquire 100 per …

Palomar Holdings Inc, the parent company of island-based Palomar Specialty Reinsurance Company Bermuda Ltd, has announced the successful completion of June 1 reinsurance renewals.
The company said it …

SiriusPoint Ltd, the global specialty re/insurer headquartered in Bermuda, has announced its investment in Samos Insurance, a US and Canadian MGA platform which offers a first-of-its-kind accidental d…

An award-winning documentary film made by a Bermudian-based production company is to screen on the island for the first time.
It is the uncovered story of forced slavery in textile manufacturing at th…

Venture capitalists, G2D Investments Ltd, has announced a first quarter 19 per cent decrease in global funding to start-ups, down to $143.9 billion compared to the record breaking 4Q21.
The first quar…

The RG/BSX Index closed again unchanged at 2,218.00, after a day with no trading on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited closed up 15 cents at $31.58 on the New Y…

Bermudian-domiciled Monument Re Group, the reinsurer and asset consolidator, has reached agreement with Zurich International Life Limited to acquire the closed book portfolio of ZILL’s Singapore long …

Bermudian-based Nordic American Tankers Limited, the oil tanker company, expects better days ahead after reporting a net loss of $27 million for the first quarter of the year.
That compares with a net…

Bermuda market veteran Barry Zurbuchen has been appointed as a non-executive director to the board of island-based Peak Capital Ltd, the wholly-owned subsidiary of the Hong Kong-based global reinsurer…

The chief executive officer of Borr Drilling Limited, the oilfield services company based in Bermuda, remains optimistic despite a $51.3 million net loss reported by the company for the first quarter …