Royal Gazette

Bermudian-based Apex Group Ltd, the rapidly expanding global financial services provider, has expanded its digital assets capabilities with the acquisition of a majority stake in Fund Admin Chain, a d…

Only a couple of months ago, investors were hoping for an end to the pandemic. Now, the headlines are dominated by the Russian-Ukrainian war.
After months of amassing troops near the Ukrainian border…

Changes are coming to PwC.
The firm said a new strategy focuses on two interconnected needs faced by clients around the world: To build trust and deliver sustainable outcomes.
A press release said: …

Legislators will this week be asked to commit additional funding for government’s continuing work with large countries over tax and regulatory policies.
As a financial centre, Bermuda faces as many as…

The pandemic, climate and political risks faced by the insurance industry are challenging because of their unusual scale, a Bermuda Risk Summit panel heard today.
But the challenges they bring are bei…

The RG/BSX Index closed at 2,495, up 32.86 (1.33 per cent), powered by BF&M Ltd. which rose $3.60 (19.8 per cent) to close at $21.75 after 200 shares changed hands on the Bermuda Stock Exchange.
I…

Bermuda’s re/insurance industry rises to the occasion during uncertain times, attendees at a sold out Bermuda Risk Summit 2022 heard today.
The opening panel discussion of the inaugural Summit, the fi…

Bermudian-based fintech company 24 Exchange has completed its first crypto currency NDF (non-deliverable forward) trades on its platform, the organisation announced.
The trades involved ED&F Man C…

Apex Group Ltd, the global financial services provider based in Bermuda, has been appointed by Australian-headquartered Perennial Partners to provide fund administration services to Perennial Private …

Crystal Cruises was left to fend for itself after its parent company sought court protection in Bermuda, the luxury line’s former president has disclosed.
The operator of three ocean cruise ships and …

Brady Young has been named the most influential person in the captive insurance industry for the second year running.
CEO and chairman of Strategic Risk Solutions, Young claimed the top spot on the an…

Tourism stakeholders and entrepreneurs have been invited to apply for support from the Bermuda Tourism Authority Experience Investment Programme.
The initiative provides marketing or funding support f…

The Institute of Directors Bermuda and Deloitte Bermuda are to celebrate International Women’s Day by hosting the panel discussion ‘Women in the Boardroom’.
The virtual presentation will be held Thurs…

The Bermuda Budget Statement presented on February 25 by David Burt, the Premier and Minister of Finance, was revealing in many respects, some for later discussion. My attention was immediately drawn …

Being a consumer probably isn’t something you like to think about. That word alone can conjure up images of an apocalyptic, dystopian, WALL-E-esque universe where humans are materialistic, wasteful …

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-domiciled Fortitude Reinsurance Company Ltd.
The outlook of t…

Domestic trading lay dormant on the Bermuda Stock Exchange, as the RG/BSX Index closed unchanged at 2,462.14 for the day.
But for the week, the Index was down 148 points (6.01 per cent), pulled down p…

AK Jensen Group Limited (AKJ), the leading provider of turnkey trading and infrastructure solutions for fund managers, has announced the acquisition of RiskCap Ltd. by affiliated company AKJt Holdings…

College students and recent graduates considering career possibilities within the insurance industry are invited to apply for summer internships with CG Insurance.
The in-person programme, which CG pa…

The inaugural in-person Bermuda Risk Summit has sold out, the Bermuda Business Development Agency has confirmed.
The event, to be held Monday to Wednesday next week, is the first major, in-person risk…

Beef, chicken or fish can be a hard decision for taco lovers.
Now they don’t have to choose, thanks to Paco’s Tacos, a new food truck opening on Front Street.
Paco’s Tacos, run by Kryshae Furbert and…

The impact of economic sanctions on the rouble, Russia’s beleaguered currency, will prompt other countries to speed up their adoption of a digital currency, attendees at the International Tech Summit …

The RG/BSX Index closed at 2,462.14, unchanged for the day with no trades among domestic companies on the Bermuda Stock Exchange.
In New York, the Bank of N.T. Butterfield & Son Limited closed up …

Entrepreneurs Claire McDevitt and Jennifer Burland Adams today launched Fit to Fly BDA, a response to the Bermuda Health Council’s recent call for more certified antigen test providers.
The women met …

The Bermuda Press (Holdings) Limited has reported a consolidated net profit of $228,000 for the year ended 30 September 2021, a $3,208,000 increase compared with 2020.
Overall revenue increased to $19…

Insurance industry veteran Andre Perez has joined the board of advisors of HSCM Bermuda.
Hudson Structured Capital Management Ltd, conducting its re/insurance investment management business as HSCM Be…

Apex Group Ltd, the Bermudian-based global financial services provider, has been appointed by New Forests to deliver fund services to Tropical Asia Forest Fund 2.
New Forests, a global investment mana…

Two of the island’s leading insurance companies have entered into a strategic partnership.
Bermudian-headquartered SiriusPoint Ltd, the global re/insurer, will invest in island-based global specialty …

Bermuda’s investment business regulations have been updated to cover remote work and digital nomads, the House of Assembly has been told.
David Burt, the Premier and Minister of Finance, launched the …

Chatterbox Restaurant on Reid Street was a bustling place. The coffee flowed, and the eatery did a lot of catering for the surrounding businesses.
All that changed when Covid-19 hit the world in Mar…

During the pandemic many people have become accustomed to doing business remotely.
But Acting Canadian Consul-General Khawar Nasim says post pandemic we will have to push for face-to-face interaction…

There have been major moves in the 17th Annual Senior School KPMG Investment Challenge.
The BHS team, Business of Babylon, has begun to put the squeeze on the leaders, the Bermuda Institute team of D…

Investment managers that register their funds in Bermuda will find a flexible fund regime.
The Investment Funds Act governs funds in Bermuda. A fund is an arrangement which enables investors in the fu…

The RG/BSX Index fell 147.27 (5.64 per cent) to close at 2,462.14, as a result of a slide by Bank of N.T. Butterfield Ltd. on the Bermuda Stock Exchange.
Two stock traded, including Argus Group Holdin…

AXA XL has appointed Nancy Bewlay as chief executive reinsurance with immediate effect.
The company said Ms Bewlay assumes the role from Charles Cooper who, after more than 20 years as a senior execut…

Political uncertainty normally acts as a stimulant for his company’s business, the leader of Bermudian-based Nordic American Tankers Ltd said today.
Herbjorn Hansson, the company’s founder, chairman a…

Market veteran John Duda is to join the Bermuda office of Miller, the independent specialist insurance and reinsurance broker, in June as head of ILS development and capital management products.
Mr Du…

Alison Crocket, the Acting Governor, and Tinée Furbert, the Social Development and Seniors Minister, were today at Exchange House on Pitts Bay Road, the new home of the Bermuda Stock Exchange (BSX), f…

A delegation from Bermuda led by David Burt, the Premier, is to travel to the annual RIMS conference next month in San Francisco.
The Bermuda Business Development Agency is central to activities of th…

A fraudulent e-mail targeting people in Bermuda’s financial services industries has been reported to local law enforcement after giving the impression that it is coming from the Bermuda Monetary Autho…

The RG /BSX Index closed down 0.73 points (0.03 per cent) at 2,609.41 after LOM Financial Limited finished at $5.15, down ten cents (1.9 per cent) with 40,000 shares changing hands on the Bermuda Stoc…

The Bermuda Economic Development Corporation, Beyond Plastic and Butterfield have joined forces to host a four-part webinar series to help small and medium sized businesses start planning for the tran…

Argo Group International Holdings Ltd chairman Thomas Bradley has become acting CEO of the company in place of Kevin Rehnberg, who has taken a temporary medical leave of absence.
Mr Bradley sent an e-…

Employees of Fidelis Insurance Bermuda Limited are to learn more about Bermuda’s past, through workshops on the history of enslavement, emancipation, and segregation in Bermuda.
Fidelis is working wit…

Bermudian-based Sompo International Holdings Ltd, the global re/insurer, has announced a strategic reorganisation of its insurance business.
The company said the following changes will be made effecti…

Diamond Standard has received regulatory approval from the Bermuda Monetary Authority to launch the $75 million initial offering of the Diamond Standard Bar.
Offered at $67,200, the price changes week…

The Institute of Directors Bermuda is to present two courses this month.
The Role of the Chair will be held virtually on March 24, and the next scheduled course in the Certificate in Company Direction…

A new report has determined that the pandemic has not just halted improvements in employment for women – but set it back by two years.
The report also states: “Women from Ethnic Minority groups are st…

A solar panel supplier has offered a product designed to blend in better with the island’s traditional white roofs.
Cameron Smith, the executive director of Greenlight Energy, said the company had alr…