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March 7, 2026

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Royal Gazette

Business / News / Royal Gazette / Royal Gazette

Apex launches disruptor forum

March 29, 2022

Apex Group Ltd, the Bermudian-based global financial services provider, in partnership with the Digital Leadership Forum, has announced the launch of the Financial Services Disruptor Forum powered by …
Apex launches disruptor forum Read More
Business / News / Royal Gazette / Royal Gazette

No Christmas cheer for retailers

March 29, 2022

December 2021 was a less than merry month according to the latest retail sales report from the Department of Statistics.
The December 2021 Retail Sales Index report showed that the volume of retail sa…
No Christmas cheer for retailers Read More
Business / News / Royal Gazette / Royal Gazette

Georgian oligarch’s attention is split between Bermuda court and Ukraine conflict

March 29, 2022

Oligarchs now facing sanctions and the discomfort of seeing their luxurious lifestyles thrown into the spotlight may be disconcerted to recall that one of their number, just four months ago in a Bermu…
Georgian oligarch’s attention is split between Bermuda court and Ukraine conflict Read More
Business / News / Royal Gazette / Royal Gazette

Oligarch wins $500m lawsuit against Swiss banking giant

March 29, 2022

Georgian oligarch Bidzina Ivanishvili has won a massive half billion-dollar lawsuit against Swiss banking giant subsidiary Credit Suisse Life (Bermuda).
Chief Justice Narinder Hargun’s ruled that the …
Oligarch wins $500m lawsuit against Swiss banking giant Read More
Business / News / Royal Gazette / Royal Gazette

Cayman may consider Bermuda wage issue

March 29, 2022

The Cayman Islands may keep an eye on Bermuda as they review a $6-an-hour minimum wage implemented in March 2016.

The Cayman Compass is reporting broad support for a review of the six-year-old ben…

Cayman may consider Bermuda wage issue Read More
Business / News / Royal Gazette / Royal Gazette

KPMG sells restructuring practice to Teneo

March 28, 2022

KPMG in Bermuda has sold its restructuring practice to Teneo, the New York-headquartered global CEO advisory firm.
As part of the transaction, Mike Morrison and Charles Thresh will be leaving the firm…
KPMG sells restructuring practice to Teneo Read More
Business / News / Royal Gazette / Royal Gazette

McIntosh is new SVP at Clarien Bank

March 28, 2022

Pearline McIntosh has been appointed to the position of SVP, head of private banking, at Clarien Bank.
She will be responsible for the day-to-day management of the private banking team within Clarien’…
McIntosh is new SVP at Clarien Bank Read More
Business / News / Royal Gazette / Royal Gazette

Bank stock softens

March 28, 2022

The RG/BSX Index remained unchanged for the day at 2,565.74, with no activity for domestic companies on the Bermuda Stock Exchange.
Meanwhile, the Bank of N.T. Butterfield & Son Limited fell 50 ce…
Bank stock softens Read More
Business / News / Royal Gazette / Royal Gazette

BF&M 2021 earnings up on 2020

March 28, 2022

BF&M Limited is reporting net income of $25.2 million for the 2021 financial year to December 31, an improvement over 2020 earnings of $20.5 million.
The company said the results equated to an ann…
BF&M 2021 earnings up on 2020 Read More
Business / News / Royal Gazette / Royal Gazette

AG subsidiary backs Yorkshire Water

March 28, 2022

A subsidiary of Bermudian-based holding company Assured Guaranty Ltd has issued a £170-million, five-year debt service reserve guarantee to benefit Yorkshire Water Services Limited, a member of the Yo…
AG subsidiary backs Yorkshire Water Read More
Business / News / Royal Gazette / Royal Gazette

Oil mutual returns capital to shareholders

March 28, 2022

Bermudian-based Oil Insurance Limited has reported a net profit for 2021 of $667.5 million, which included a $266 million underwriting profit.
That compares with a net profit of $466.5 million in 2020…
Oil mutual returns capital to shareholders Read More
Business / News / Royal Gazette / Royal Gazette

Promotions at Allied World

March 28, 2022

Twelve Allied World Bermuda employees were recently promoted in recognition of their many contributions to the organization.
“It is great to see each of these individuals recognised for their hard wo…
Promotions at Allied World Read More
Business / News / Royal Gazette / Royal Gazette

Spencer-Arscott and Bennett preside over fundraisers

March 28, 2022

Ann Spencer-Arscott and Katie Bennett have been appointed co-presidents of the Bermuda chapter of the Association of Fundraising Professionals.
An AFP Bermuda spokesperson said: “We are delighted to a…
Spencer-Arscott and Bennett preside over fundraisers Read More
Business / News / Royal Gazette / Royal Gazette

KPMG sells its restructuring business

March 28, 2022

Mike Morrison and Charles Thresh have joined Teneo following the global CEO advisory firm’s acquisition of KPMG’s restructuring business in Bermuda.
Morrison, who joins as co-chair, international fina…
KPMG sells its restructuring business Read More
Business / News / Royal Gazette / Royal Gazette

Kelli’s seaglass work gets worldwide attention

March 28, 2022

St George’s is quiet before the kick-off of cruise ship season, but Kelli Thompson’s Saltwater Jewellery Designs shop just had five million virtual visitors.
On March 6, Ms Thompson and her seaglass p…
Kelli’s seaglass work gets worldwide attention Read More
Business / News / Royal Gazette / Royal Gazette

Inflation at 2.7%, as prices fall in December

March 27, 2022

The government said Sunday that between November and December the average cost of goods and services went down.
Falling in price during that period was premium fuel and the entire transport & fore…
Inflation at 2.7%, as prices fall in December Read More
Business / News / Royal Gazette / Royal Gazette

Governor welcomes Hamilton to Virginia

March 27, 2022

Virginia’s Governor Glenn Youngkin has welcomed the siting of a Bermudian insurance group’s new subsidiary in Henrico County.
The new offices are for Hamilton Insurance Group’s US headquarters, which…
Governor welcomes Hamilton to Virginia Read More
Business / News / Royal Gazette / Royal Gazette

Positive feedback from tech summit

March 27, 2022

Organisers of the third annual International Tech Summit in Bermuda have hailed the growing level of international and local interest in the island’s burgeoning fintech sector.
The week-long summit, h…
Positive feedback from tech summit Read More
Business / News / Royal Gazette / Royal Gazette

Controlling costs in inflationary times

March 26, 2022

The common-sense mantra is “managing a budget keeps your finances under control”.
Good advice for good times: stable job, stable economy, healthy family, and a positive, promising future.
Not so relev…
Controlling costs in inflationary times Read More
Business / News / Royal Gazette / Royal Gazette

Resetting financially after a divorce

March 26, 2022

Dear Dave,
My husband and I are getting a divorce, and everything will be final in less than a month. I haven’t worked outside the home in a few years, but according to the terms of the divorce I’ll …
Resetting financially after a divorce Read More
Business / News / Royal Gazette / Royal Gazette

Butterfield jumps forward on BSX and NYSE

March 25, 2022

The Royal Gazette/BSX Index jumped 86.72 (3.50 per cent) higher to 2,565.74 for the day, powered by trading of Bank of N.T. Butterfield Ltd., up $1.75 (five per cent) to $37 on a volume of 5,687.
Also…
Butterfield jumps forward on BSX and NYSE Read More
Business / News / Royal Gazette / Royal Gazette

Johnson takes over at offshore driller

March 25, 2022

Industry veteran Simon Johnson has been appointed president and chief executive officer of Seadrill Limited, the offshore drilling company based in Bermuda.
Mr Johnson replaces Stuart Jackson in the r…
Johnson takes over at offshore driller Read More
Business / News / Royal Gazette / Royal Gazette

Cash for reinsurer rises

March 25, 2022

The cash consideration for the sale of Bermudian-based reinsurer Partner Re Ltd to French mutual insurer Covéa is to increase by $328 million.
Sellers Exor, the diversified holding company controlled …
Cash for reinsurer rises Read More
Business / News / Royal Gazette / Royal Gazette

Oligarch wins Bermuda case, eyes Georgia’s EU ambition

March 25, 2022

One of the world’s leading financial services providers, Credit Suisse Group, says it has lost a Bermuda Supreme Court battle that could cost it half-a-billion dollars.
Credit Suisse Group said it bel…
Oligarch wins Bermuda case, eyes Georgia’s EU ambition Read More
Business / News / Royal Gazette / Royal Gazette

Nine Coldwell Banker agents receive awards

March 25, 2022

Clare Marshall and Karen Brine – International Sterling Society
Fiona Hatfield and Sarah Faiella – International Diamond Society
Angela Hanwell, Rochelle Swan and Tab Froud – International President’s…
Nine Coldwell Banker agents receive awards Read More
Business / News / Royal Gazette / Royal Gazette

Group set up to promote equity in international business meets

March 24, 2022

An organisation set up to promote racial equality in the world of big business tonight held its first live networking event.
More than 150 Black professionals attended the Association for Corporate Ra…
Group set up to promote equity in international business meets Read More
Business / News / Royal Gazette / Royal Gazette

Butterfield finishes down 42 cents on NYSE

March 24, 2022

The Royal Gazette/BSX Index closed unchanged at 2,479.03 for the day on the Bermuda Stock Exchange.
In the only trade of the day, Bermuda Aviation Services closed unchanged at $1.25 after 10,000 share…
Butterfield finishes down 42 cents on NYSE Read More
Business / News / Royal Gazette / Royal Gazette

Chief actuary appointed at Concert Group Holdings

March 24, 2022

New insurance fronting business Concert Group Holdings has appointed Sam LaDuca as chief actuary.
Starting April 1, LaDuca will report to Bermudian chief executive officer and founder Jonathan Reiss.
…
Chief actuary appointed at Concert Group Holdings Read More
Business / News / Royal Gazette / Royal Gazette

Smith to complete training at Appleby

March 24, 2022

Called to the Bermuda Bar in November 2021, Ojeda Smith has joined Appleby’s legal trainee programme and begins her first seat with the firm’s insurance department.
Smith said: “It is an honour to be …
Smith to complete training at Appleby Read More
Business / News / Royal Gazette / Royal Gazette

Chu joins NAT board

March 24, 2022

Bermudian-based oil tanker company, Nordic American Tankers Ltd looks set to appoint a woman as a member of its board for the first time.
The organisation said American Jenny Chu will be suggested to …
Chu joins NAT board Read More
Business / News / Royal Gazette / Royal Gazette

Lido Complex at Elbow Beach reopens

March 24, 2022

The Lido Complex on the Elbow Beach Hotel property has reopened after closing for a short period during the winter months.
The popular Sea Breeze Lounge & Terrace is now open for lunch, dinner and…
Lido Complex at Elbow Beach reopens Read More
Business / News / Royal Gazette / Royal Gazette

SRS continues strong growth

March 24, 2022

Strategic Risk Solutions, the world’s largest independent insurance company manager, continued its growth trajectory in 2021.
SRS said it participated in the Business Insurance survey of captive manag…
SRS continues strong growth Read More
Business / News / Royal Gazette / Royal Gazette

Lloyd’s market is back to black

March 24, 2022

The Lloyd’s market made a strong return to profitability in 2021 with an overall profit of £2.3 billion and a combined ratio of 93.5 per cent.
Calling the announcement “the best quality result reporte…
Lloyd’s market is back to black Read More
Business / News / Royal Gazette / Royal Gazette

Apex appoints Krishna Prasad to head US business

March 24, 2022

Apex Group Ltd, the Bermudian-based global financial services provider, has appointed Krishna Prasad as head of US.
Based in Apex’s New York offices, the company said, Mr Prasad will report to Georges…
Apex appoints Krishna Prasad to head US business Read More
Business / News / Royal Gazette / Royal Gazette

Aon appoints Mike Merlo to oversee US and Bermuda claims

March 24, 2022

Aon has appointed Mike Merlo as its claims leader for the United States and Bermuda.
In his new role, Aon said, Mr Merlo will work with the firm’s claims leaders across all product lines to ensure tha…
Aon appoints Mike Merlo to oversee US and Bermuda claims Read More
Business / News / Royal Gazette / Royal Gazette

Credit Suisse loses half a billion dollar legal battle

March 24, 2022

The Bermuda Supreme Court is about to enter a half a billion dollar judgment against Credit Suisse Group, in a long-running court case involving a former prime minister of Georgia over hundreds of mil…
Credit Suisse loses half a billion dollar legal battle Read More
Business / News / Royal Gazette / Royal Gazette

Bermuda digital assets regulation welcomed

March 24, 2022

The digital assets sector will not escape regulation and taxation, a panellist at the third annual International Tech Summit in Bermuda told attendees.
Carol Pepper is the founder and chief executive …
Bermuda digital assets regulation welcomed Read More
Business / News / Royal Gazette / Royal Gazette

Tech guru praises Bermuda’s cybersecurity regulations

March 24, 2022

A world-renowned tech expert has applauded Bermuda’s 2018 Digital Assets Business Act, calling it “well thought out”, “high-quality” and “comprehensive” regulation.
Tom Ilube, chief executive officer…
Tech guru praises Bermuda’s cybersecurity regulations Read More
Business / News / Royal Gazette / Royal Gazette

Bermuda: set to be a digital ‘Fort Knox’

March 24, 2022

Bermuda has long been recognised as a jurisdiction where custodians of traditional assets can thrive.
We think that the same is true for digital assets and that the digital asset custodian industry in…
Bermuda: set to be a digital ‘Fort Knox’ Read More
Business / News / Royal Gazette / Royal Gazette

Digicel partners with Hubbcat

March 23, 2022

Digicel Business Bermuda has announced a partnership with Hubbcat, an industry leader in business-critical, secure communication solutions.
Co-founded by a former Bermuda resident, Hubbcat was integra…
Digicel partners with Hubbcat Read More
Business / News / Royal Gazette / Royal Gazette

Bank finishes lower on NYSE

March 23, 2022

The RG/BSX Index fell 15.98 points (0.64 per cent) to close at 2,479.03, as BF&M Ltd. fell $1.75 (8.0 per cent) to close at $20 on a volume of 3,650 on the Bermuda Stock Exchange.
The Bank of N.T….
Bank finishes lower on NYSE Read More
Business / News / Royal Gazette / Royal Gazette

RG Business Top Ten Employers Awards returns

March 23, 2022
The 2022 RG Business Top Ten Employers Awards returns somewhat to its original format, after changes last year necessitated by the pandemic.
But organisers are not prepared to let go of some of the in…
RG Business Top Ten Employers Awards returns Read More
Business / News / Royal Gazette / Royal Gazette

Insuring rideshare and delivery drivers

March 23, 2022

Buckle, a digital financial services company for the gig economy, has completed a $15-million upsizing of its term loan with participation from Siguler Guff & Company LP along with existing lender…
Insuring rideshare and delivery drivers Read More
Business / News / Royal Gazette / Royal Gazette

OurCrowd chooses Apex for fund services

March 23, 2022

Apex Group Ltd, the Bermudian-based global financial services provider, has been appointed by Israeli-headquartered OurCrowd, a global venture capital investment platform, to provide fund services.
Fo…
OurCrowd chooses Apex for fund services Read More
Business / News / Royal Gazette / Royal Gazette

New strategic partnership for SiriusPoint

March 23, 2022

Bermudian-headquartered global specialty re/insurer SiriusPoint Ltd has announced a strategic partnership in Players Health, an amateur sports insurance and risk management platform.
SiriusPoint said …
New strategic partnership for SiriusPoint Read More
Business / News / Royal Gazette / Royal Gazette

Affordable hair salon on Front Street

March 23, 2022

When Malika Serrar first moved to Bermuda from Canada, she was shocked by the price of a haircut.
“I went to one place and they charged me $200 for a wash, cut and blow dry,” she said. “I was really s…
Affordable hair salon on Front Street Read More
Business / News / Royal Gazette / Royal Gazette

Nonprofit backlash over debunked claims

March 22, 2022

The allegation by a US Congressman that “several million dollars has been routed through nonprofit organisations in Bermuda” in a Russian disinformation scheme to promote fracking in the US (Tuesday M…
Nonprofit backlash over debunked claims Read More
Business / News / Royal Gazette / Royal Gazette

Butterfield closes slightly lower

March 22, 2022

The RG/BSX Index closed at 2,495, unchanged, after a day of no trading activity on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited closed up a penny (0.03 per cent) at $37.1…
Butterfield closes slightly lower Read More
Business / News / Royal Gazette / Royal Gazette

BDA releases 2021 end of year report

March 22, 2022

Economic investment opportunities created by the Bermuda Business Development Agency in 2021 included 13 economic investment certificate applications approved for a total investment of $236 million, t…
BDA releases 2021 end of year report Read More
Business / News / Royal Gazette / Royal Gazette

LOM doubles profit on investment gains

March 22, 2022

LOM Financial Limited’s net profit for the year doubled to $9,510,119 as it enjoyed favourable returns on securities that the company owned.
In a letter to shareholders, chairman and CEO Scott Lines s…
LOM doubles profit on investment gains Read More

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