Royal Gazette

SiriusPoint Ltd, the Bermudian-based global specialty insurer and reinsurer, has appointed Inmaculada Gonzalez as global head of ceded reinsurance, effective August 19.
Based in New York, Ms Gonzalez …

Bermudian-based Aspen Insurance Holdings Ltd has appointed Tony Bishop as chief data and analytics officer.
In his expanded role, reporting to Rob Houghton, Aspen group chief operating officer, Mr Bis…

Many businesses are worried about the sustainability of their operations if costs continue to rise without corresponding increases in revenue, the Bermuda Chamber of Commerce has warned.
Recently, the…

Butterfield Bank has reported net income for the second quarter of 2024 of $50.6 million.
That compares with net income of $53.4 million for the previous quarter, and $61 million for the second quarte…

Bermudian-based reinsurance firm Global Atlantic’s generosity to local scholarship programmes is paying off.
It has plans to expand its staff from 60 to 85 in the next year, with most of its new hire…

Bad weather in 2023, particularly severe convective storms, drove an average combined ratio for American homeowners’ insurers to 111 per cent, leading to credit rating downgrades for dozens of compani…

There are several aspects of an enterprise’s use of data that now must land on the boardroom table of Bermuda organisations, including cybersecurity oversight. Compliance with the island’s Personal In…

There is no better indication of inflation than shopping at the grocery store. Items that were only $4 a year ago now have a price tag of $5.50, if not more. Although a $1.50 increase doesn’t seem muc…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa” (Superior) of Bermudian-based Assured Guaranty Re Overseas Ltd.
The outlook of these …

Apex Group Ltd, the Bermudian-headquartered global financial service provider, has appointed Nicholas Morse as chief business development officer, Americas.
With a wealth of experience and a proven tr…

Bermudian-based Everest Group Ltd has announced the transformation of its alternative capital business into a multi-vehicle capital management platform through the launch of Mt Logan Capital Managemen…

Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has agreed new five-year time charters on four 8,700 20-foot equivalent unit container vessels, which will add ap…

Axa XL has appointed Bermudian Michelle Bailey to the new role of head of Professional, Bermuda.
Ms Bailey, who reports to Noel Pearman, chief underwriting officer, Bermuda of Axa XL’s Insurance busin…

A menstrual care company founded by Bermudian entrepreneur Gayneté Jones has struck a deal that will see its innovative menstrual cups launch next week in more than 3,000 CVS Pharmacy locations across…

Kudos from investment advisers continue to pour in for Butterfield Bank, with a Seeking Alpha headline echoing Moon Capital Management’s Q2 2024 letter to clients: “We know of no other bank generating…

Colm Homan is to retire from PwC Bermuda at the end of September after a 31-year tenure at the firm, including more than 20 years as partner.
Arthur Wightman, territory leader, PwC Bermuda, paid tribu…

The Bermuda Economic Development Corporation is to hold a lunch-and-learn session about the process required to register a business on the island.
“Business Essentials: Step by-Step Business Registrat…

Carey Olsen was awarded nine band 1 rankings in the Chambers High Net Worth 2024 guide, including a new band 1 ranking for the Cayman Islands and 16 individual lawyer recognitions.
Chambers and Partne…

Clarien Bank has announced updates to its commitment to Environmental, Social, and Governance considerations, a field that the organisation said is quickly becoming indispensable for businesses worldw…

The private client and trust practice at island law firm, Conyers, has been given a band one ranking in the Chambers and Partners’ High Net Worth Guide 2024.
Conyers has also maintained its band one r…

The Association of Bermuda International Companies has taken on three interns this summer: Zaire Lodge, Shane Steinhoff and Zadok Simons.
Abic executive director Wayne Smith said: “This is part of our…

Global Atlantic Re has tripled its support of the Bermuda Economic Development Corporation’s annual pitch competition to $3 million.
The Wave of Opportunity Pitch Competition gives emerging local entr…

Early in the pandemic, AP Marine in Pembroke, felt like a stepchild in the boating industry.
“We could not get boats because demand in the United States was eating up all the supply,” said Michael Ar…

BermudAir, the island’s boutique airline, has launched a promotion to make travel to Bermuda more affordable for families.
The airline’s first children Fly Free promotion invites travellers to enjoy t…

Hamilton Global Specialty, an underwriting platform of Bermudian-headquartered Hamilton Insurance Group Ltd, has appointed Todd LaBandt as senior vice-president, Environmental Insurance at Hamilton Am…

Wafra Inc, the New York-headquartered alternative investment manager with an office in Bermuda, has announced a strategic investment in Triple Private Equity, a European private equity firm focused on…

Komainu, the Nomura-backed regulated digital asset custody service provider, has been chosen as custodian for all digital asset funds and strategies available on DigitalArray, the global fund platform…

SiriusPoint Ltd, the Bermudian-headquartered global specialty insurer and reinsurer, and Service First Insurance, a managing general agent that provides insurance solutions for the commercial and busi…

Markel, the insurance operations within Markel Group Inc, has appointed Rob Cole as chief actuarial officer.
Mr Cole spent the past 24 years at AIG, where his most recent role was chief actuary, Globa…

The Association of Bermuda International Companies has assembled a team of 25 professionals to act as mentors to recipients of this year’s Abic Education Awards, one of Bermuda’s largest and longest-r…

When Preston Ephraim took over the restaurant at the Bermuda Aquarium, Museum and Zoo in Flatts, some people winced. The restaurant space had been through several different proprietors.
None of them c…

The 2023 Reinsurer Class: The Class That Never Was. That is the label for the phenomenon, and for a new AM Best report highlighting that despite reinsurers’ returns reaching a three-decade high, no ne…

Bermudian-based Fortitude Re has appointed Greta Hager as chief financial officer and Kai Talarek as chief growth and optimisation officer, effective August 17.
They will report to CEO Alon Neches.
As…

Relm Insurance, the Bermudian-based specialty insurance carrier supporting emerging and innovative industries, has announced a venture with CyVers, a Web3 cybersecurity and threat insights provider ba…

Bermudians Shara Trott and Rickai Burrows are transitioning to full-time positions at Butterfield after successfully completing the bank’s graduate talent programme.
They celebrated on Tuesday by ring…

Claims from severe convective storms have been tearing a hole in the returns for Bermuda’s catastrophe reinsurers but a leading authority said next-generation software was proving to be a solution.
Ce…

Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has agreed to build five 16,800 20-foot equivalent unit container vessels with scheduled delivery in 2028 at an a…

The American Institute of Graphic Artists Boston has selected Bermuda native, Daren Bascome, the managing director of branding and advertising firm Proverb Agency, as one of three awardees of the 2024…

Mosaic Insurance, the Bermudian-based global specialty insurer, has restructured roles across its underwriting and operational teams to drive the growth of its agency business.
The company said the re…

Aircare apprentices Bradley Adams, Damen Mallory and James Paynter have graduated from the Bermuda College with Diplomas in Heating, Ventilation and Air Conditioning.
Mr Mallory achieved distinction a…

Bermudian-based Sompo International Holdings Ltd, the global provider of commercial and consumer property and casualty insurance and reinsurance, has appointed Bill Zhang as president, Consumer Lines,…

Bermudian-based Axa XL has appointed Joseph Madigan as chief underwriting officer for its North American Environmental Insurance business for Middle Market.
Previously head of Environmental for the Ea…

Six participants in the Summer Student Entrepreneur Programme at the Bermuda Economic Development Corporation will showcase their businesses to the community on the lawn of City Hall at lunch time on …

KPMG in Bermuda and Frontier, an Artex company, have announced the recipients of their 2024 scholarships.
The awards are presented annually by the partners of KPMG and Frontier’s leadership. They go …

Coleman Johnson, formerly the chief underwriting officer for US and Bermuda at Canopius, has been appointed senior vice president and chief underwriting officer at TMG Insurance Services LLC, the inte…

Antoine Raynor’s all-natural cleaning product business Quartz Environmental Solutions came about after four weeks in the hospital.
“I had a health scare, and King Edward really saved my life,” Mr Ray…

The Bermuda Monetary Authority has reported a total comprehensive loss of $3.53 million in 2023 as the organisation’s headcount continues to rise with its increasing responsibilities.
The loss compare…

Carey Olsen has been named Offshore Law Firm of the Year at the Chambers High Net Worth Awards for the second consecutive year.
The prestigious annual awards recognise national and international law f…

AM Best has affirmed the credit ratings of Bermudian-based Aspen Insurance Holdings Ltd and its rated subsidiaries.
The ratings agency affirmed the financial strength ratings of A (Excellent) and the …

Gernot Ruppelt is to succeed Anthony Gurnee as chief executive of Ardmore Shipping, the Bermudian-headquartered owner and operator of product and chemical tankers.
The company said Mr Gurnee, who foun…