Royal Gazette

Concert Group Holdings Inc has appointed Charles Rawlins as senior vice president, Property Underwriting and Programme Management.
Mr Rawlins, who reports to chief underwriting officer Joe Alberti, is…

Shireen Gammoh has been appointed as managing director within the Legacy and Structured Reinsurance team in the Bermuda office of Howden Re.
Ms Gammoh, who takes up her new position on July 17, was mo…

Xienne Burch and Imani Bean are the recipients of PwC Bermuda’s annual scholarship awards.
Ms Burch is the recipient of PwC’s Peter Mitchell Scholarship, worth more than $20,000 annually. She is a sop…

Two Bermudian students, Malakye Outerbridge and Cree Dunn, are this summer assisting the Policy and Regulatory team of the Association of Bermuda Insurers and Reinsurers.
The 21-year-old Ms Dunn is pu…

Kevin Taylor of Walkers (Bermuda) Ltd has been ranked among the Top 50 Offshore Lawyers for 2024 by the Asia Business Law Journal.
Mr Taylor is the office managing partner and head of the Insolvency a…

Aviva plc has completed the acquisition of Probitas Holdings (Bermuda) Ltd for consideration of £249 million, or approximately $321 million, following receipt of all necessary approvals.
The acquisiti…

An occasional conversation topic at home is my taste for the finer things, more specifically my occasional spending on a luxury goods item. My response is always the same: “It’s good quality, it’s an …

Dear Dave,
I’m 32 and debt-free, except for my house. My grandmother passed away a couple of months ago, and her will has caused problems for my family. I was her only relative living in the same town…

Barritts has celebrated 150 years of its iconic ginger beer with the launch of a vibrant new mixer line, as well as a brand refresh inspired by Bermuda’s pastel-coloured houses.
The line, which is cur…

Restaurant staff at the Rosedon Hotel have seen their salaries more than double, as a million-dollar revamp gets under way at the Pembroke facility.
Damien Davenport, who took on the role of general m…

The first larger electric vehicles are on their way, two weeks after new motor car legislation amendments passed in the House of Assembly.
Auto Solutions announced yesterday that it is expecting a shi…

Artificial intelligence could prove particularly useful to participants in fraud trials, a prominent criminal litigator told attendees at a legal conference organised by the Bermuda Bar Association.
J…

Google is making progress with the establishment of Nuvem, the new subsea cable installation using Bermuda as a hub, connecting Myrtle Beach, South Carolina, and Portugal.
Installation work for Nuvem …

Bermudian-based Aspen Insurance Holdings Ltd has launched Aspen Data Labs, a new platform to deliver the company’s digital strategy and drive forward the business’s data and artificial intelligence ag…

Essent Group Ltd, the mortgage insurer and reinsurer based in Bermuda, has closed two transactions that collectively represent access to approximately $1 billion in capital for the company.
The compan…

Bermudian-based Vantage Group Holdings Ltd has appointed Leanne Berry as chief distribution officer.
She will report to Alex Blanco, Insurance chief executive.
The company said Ms Berry will oversee a…

A North Hamilton business owner believes the community is in a state of crisis.
Speaking after the deaths of four people at a Pembroke home, over the weekend, entrepreneur Malachi Eversley said: “I se…

A Bermuda insurer has flatly denied any conflict of interest, as alleged by Opposition MP Craig Cannonier during a motion to adjourn speech in the House of Assembly.
CG Insurance said that it establis…

The Bermuda Monetary Authority confirmed the registration of two insurers in June, taking the yearly total to 26.
The island’s financial services regulator has also registered six intermediaries, incl…

Bermudian-based James River Group Holdings Ltd has announced that two of its principal operating subsidiaries entered into a combined loss portfolio transfer and adverse development cover reinsurance …

BMS Re, the specialty reinsurance arm of the global broking group BMS, has appointed Farah Nelson as chief financial officer, subject to regulatory approvals.
Based in New York, Ms Nelson will report …

Trusts is one area of the law that will retain its human element rather than defer to artificial intelligence, a leading lawyer told attendees at a conference organised by the Bermuda Bar Association….

The Bermuda College Foundation has highlighted three students who have recently completed their first year through scholarships donated by the Association of Bermuda Insurers and Reinsurers, in memory…

Six interns with Liberty Mutual Bermuda are being exposed to various facets of the insurance industry throughout the summer, providing them with a holistic understanding of the inner workings of a lea…

A United Nations webinar promoting gender equality in the business world has spaces available.
The Women’s Empowerment Principles webinar, facilitated by Imani Duncan-Price, consultant for the Unite…

Toronto-based DeFi Technologies Inc has signed a binding letter of intent to acquire Stillman Digital, including its Bermudian-based subsidiary Stillman Digital Bermuda Ltd.
The island-based entity wa…

SiriusPoint Ltd, the Bermudian-headquartered global specialty insurer and reinsurer, has appointed Anthony Williams as chief risk officer for SiriusPoint International Managing Agency and its Internat…

Assured Guaranty Ltd, the Bermudian-based holding company, is to combine its two US-based financial guaranty insurers.
Assured Guaranty Municipal Corp will merge into Assured Guaranty Inc, which was n…

Everest Insurance, the insurance division of Bermudian-based Everest Group Ltd, has promoted Harry Townsend to chief ceded reinsurance officer, leading the Ceded Re strategy for the global division.
H…

An electronic case management system is expected to be operational in Bermuda’s courts by next spring, the Chief Justice told attendees at a conference organised by the Bermuda Bar Association.
Larry …

Conyers has named five Bermudian students in their 2024 Legal Education Awards. The scholarship recipients will be awarded $70,000 in scholarship funding.
The law firm said the annual scholarship reco…

Eight Bermudian teenagers have spent two weeks with BermudAir, learning about all aspects of the airline business and the aviation industry in the ultimate summer school job.
BermudAir’s inaugural Sum…

When Sylvia Oliveira started as an actuary in Bermuda in 1999, there were only a handful of other life-sector actuaries here.
“There were the ones I knew in my company,” she said. “Maybe there were on…

The government department that provides guidance for project management and procurement activities is about to get some guidance itself, according to Vance Campbell, the Minister of the Cabinet.
Mr Ca…

Bermuda-managed service provider Ingine Limited, is sponsoring BioQuest, a pioneering non-governmental agency focused on local biodiversity conservation through genomics.
The partnership will provide …

Before I begin my article, I want to thank The Royal Gazette for reaching out and asking me to partner with them and become a regular columnist. I was honoured to be recognised for my editorial co…

My husband and I both work outside the home, and he has come up with an idea for our fun money. He wants us to set up an account where we both put 5 per cent of our earnings for discretionary spending…

The RG/BSX Index finished the week down 25.11 points (1.03 per cent) to close at 2,430.49.
The weekly turnover was $64,956.
Only Polaris Holdings saw activity today, with 100 shares changing hands to …

Fighting the retirement savings crisis is a priority for Athene Holding Ltd, Jim Belardi, the cofounder and chief executive officer has declared.
He told Best’s Review that the company was started in …

The Bermuda Monetary Authority has invited the insurance industry and other interested persons to provide commentary on the proposals set out in a guidance note relating to segregated accounts.
The au…

Hurricane Beryl did not impact local insurance-linked securities firms as much as initially feared, one industry insider has said.
Before Hurricane Beryl reached Jamaica on Wednesday, some ILS asset m…

When Raina and James Barbosa started selling croffles – a cross between a waffle and a croissant – customers liked the product so much, they wanted the franchise.
“Ever since opening the Croffle Haus …

Parliament was warned of an impending economic war, with recent moves by domestic insurers frowned upon as they positioned themselves for an evolving market.
The Government was urged to view the plann…

A new approval process for affiliate investments forms a key part of the Bermuda Monetary Authority’s enhanced regulatory regime for long-term insurers and reinsurers.
The change to the technical prov…

Bermudian-based lawyer Michael Hanson of Carey Olsen has been recognised in Asia Business Law Journal’s Top 50 Offshore Lawyers list for 2024.
Mr Hanson, Carey Olsen’s group managing partner, is among…

Entrepreneurs are being encouraged to elevate their social-media skills by attending a webinar hosted by the Bermuda Economic Development Corporation in partnership with Amrita Bhalla, of Performance …

AM Best has placed the credit ratings of Bermudian-based BF&M Ltd and its subsidiaries under review with developing implications following the announcement of its proposed combination with the Arg…

The second-highest judicial officer in the United Kingdom is to give the keynote address tomorrow at a conference organised by the Bermuda Bar Association.
Sir Geoffrey Vos is the Master of the Rolls,…

The RG/BSX Index closed today at 2,430.84, down 19.78 points (0.81 per cent).
Two thousand shares in Argus Group Holdings Ltd changed hands on the Bermuda Stock Exchange. The stock closed at $5.17, do…

Rapid advances in technology will accelerate the pace and widen the scope of cyberattacks on the island’s businesses, a Bermudian expert has predicted.
Ryan Benevides is a vice-president and principal…