Royal Gazette

Monster hurricanes Helene and Milton contributed to newly declared losses at Fidelis Insurance for 2024.
In the firm’s latest financial statements, Fidelis reported a fourth-quarter net loss of $122.2…

A shake-up of the Cabinet included a switch for Diallo Rabain, who is no longer Minister of Education and instead became the Cabinet Office and digital innovation minister.
The move was among several …

After eating empanadas just before an eight-hour overnight flight from Santiago, Chile, to Miami, Adam Johnson awoke halfway through the journey feeling bloated and sick.
He turned to Takeoff Hydratio…

Six Bermudian bartenders are to travel to London on Thursday for a six-week training programme at the prestigious European Bartender School.
They are the first cohort of Bacardi’s new Hospitality Acce…

The world of finance has been turned on its head. Digital assets and distributed ledger technology, once the realm of tech enthusiasts, are capturing the attention of institutional investors. We are w…

SiriusPoint Ltd, the Bermudian-headquartered global specialty insurer and reinsurer, has appointed James Anderson as global chief pricing actuary, effective on May 12.
Based in London, Mr Anderson wil…

Bermuda’s only thanatologist, Jeelise, Allen has launched a private counselling practice specialising in grief support.
Ms Allen believes it is the first practice of its kind on the island.
Tuwile, m…

The former head of the British Army is to deliver a keynote address to launch the inaugural Bermuda Strategic Leadership Conference.
Sir Peter Wall served as chief of the general staff, the profession…

The RG/BSX Index finished unchanged on Tuesday at 2703.71 with 53,600 shares changing hands.
Bermuda Aviation Services traded 52,300 shares to end the day at $1.50, price unchanged.
BF&M also saw…

Texas-based Incline P&C Group, the insurance programme market services firm, has elected Bermuda market veteran Thomas Wafer to the boards of each of its insurance carriers as an independent direc…

Representatives of more than 20 wine and spirits producers and distributors are to travel to Bermuda this week for a showcase presented by the island’s oldest business house.
“Gosling’s Uncorked: Wine…

The chief executive of a Bermudian-headquartered cryptocurrency insurer has called on the crypto community to embrace enhanced insurance solutions for digital asset security after a $1.4 billion hack …

Valaris Ltd, the Bermudian-based offshore drilling services company, has reported that net income in the fourth quarter of 2024 increased to $131 million from $63 million in the prior quarter.
Adjuste…

The chief economist at EY, the international professional services firm, is to deliver a keynote address next month at the Bermuda Risk Summit presented by the Bermuda Business Development Agency.
Gre…

Hayley Johnston, the chief executive of Bermudian-based Lancashire Insurance Company Ltd, is to join the board of Brace Underwriting Ltd as an independent non-executive director, subject to regulatory…

An exploration-stage mining company domiciled in Bermuda has won a judgment of more than $1.1 billion as it seeks to recognise and enforce its 2014 arbitral award against Venezuela.
Gold Reserve Ltd, …

Holly Mazar-Fox, of Mazar-Fox Art Consulting, says the best thing about running her business in Bermuda is the partnerships she has formed across industries.
She has worked with jewellery stores, hote…

Butterfield Bank has partnered with nudge, the financial wellbeing company, to launch an online education platform for the benefit of clients and the wider communities in Bermuda and the Cayman Island…

The head of analytics in the London office of AM Best is to moderate a panel during the Bermuda Risk Summit next month.
In the session, titled “Risk and Regulation in an Evolving Global Landscape”, Ma…

Borr Drilling Ltd more than tripled its net income year-over-year in 2024.
The Bermudian-based oilfield services company reported net income of $82.1 million, an increase of $60 million or 271 per cen…

Bermudian-based Hudson Structured Capital Management Ltd, conducting its insurance and reinsurance business as HSCM Bermuda, has supported a capital raise by Gracie Point Holdings LLC, a global provid…

Bermuda market veteran Wendy Young has been appointed to the newly created position of chief liability officer at Iowa-based F&G Annuities & Life Inc.
Ms Young will transition from her role as…

American International Group Inc, the global insurance powerhouse with operations in more than 80 countries and jurisdictions including Bermuda, has announced that Juan Perez has been elected to its b…

When I was younger and just starting out in my career, I’ll admit that when the money started coming in, I was spending it – covering my bills, setting aside a little for travel, and using the rest o…

Are you one of the many people who made a new year’s resolution? We’re now well into 2025, so how’s that resolution coming along?
If the answer is “not great”, that’s OK. February is about the time w…

The head of one of Bermuda’s largest annuity reinsurance companies wants Cayman’s life insurance industry choked.
In an earnings call this month, James Belardi, the chief executive of Athene, called f…

Aviation litigation stemming from the Russia-Ukraine conflict is having an impact on the profits of Bermudian-based global speciality insurer Fidelis Insurance Holdings Limited, according to the firm’…

Bermudian-based global reinsurer PartnerRe has appointed Ruth Damian as the senior client partner for North America Life financial solutions.
Ms Damian joins the company from SCOR, where she held the …

Mark Chudleigh, of Kennedys Bermuda, has retained his Band 1 ranking for “insurance: contentious” in the 2025 Chambers and Partners Global Guide.
The firm said its insurance team retained its Band 3 r…

Willis has appointed Helen Campbell as the Bermudian-based head of property wordings in North America.
Her role covers property policy language, and terms and conditions for both the insurance and rei…

Interpath, the international financial advisory firm with an office in Bermuda, has entered into an alliance with Sidetrade, the artificial intelligence-powered order-to-cash applications company.
Ord…

The board of directors of Axis Capital Holdings Ltd has approved a new share repurchase programme, authorising the company to purchase up to an aggregate $400 million of its common shares.
The company…

A bestselling author and award-winning journalist who has been at the forefront of climate reporting for more than two decades is to deliver a keynote address on climate risk at next month’s Bermuda R…

Bermudian entrepreneur Kyla Bolden makes no bones about the fact that jobs will be lost to artificial intelligence.
In her own tech education business, Wiz Learning, she has already cancelled several …

SiriusPoint Ltd, the Bermudian-headquartered global specialty insurer and reinsurer, has reported net income available to common shareholders of $183.9 million in the 2024 fiscal year.
In the fourth q…

Conduit Re, the Bermudian-based global multi-line reinsurance business, has reported comprehensive income of $125.6 million for the 2024 fiscal year.
That compares with comprehensive income of $190.8 …

Hamilton Global Specialty, an underwriting platform of Bermudian-headquartered Hamilton Insurance Group Ltd, has made two senior underwriting appointments.
Mike Thorp has been appointed as head of spa…

East End Asphalt Company Ltd, the Bermudian-owned subsidiary of Polaris Holding Company Ltd, has a new name to reflect its new direction.
Now operating as Surface Experts Ltd, Polaris said the company…

Bermudian-based RenaissanceRe Holdings Ltd has agreed to sell in an underwritten public offering $500 million aggregate principal amount of 5.8 per cent senior notes due in 2035.
The company said it e…

Bermudian-based Axa XL has appointed Ana Dores as country manager, Iberia, effective March 1, subject to regulatory approval.
The company said she will succeed Enrique Lopez Torrents who will be leavi…

In 2023, the Association of Bermuda Insurers and Reinsurers members’ contribution to Bermuda’s economy exceeded $1 billion, for the first time in the organisation’s 31-year history.
This is highlight…

The third annual Small Business Expo hosted by the Bermuda Economic Development Corporation has been hailed as a success after more than 200 people attended the event over the course of the day.
Held …

Veteran real estate agent Margaret Young has been named Rego Sotheby’s International Realty’s top revenue agent for 2024.
Ms Young has been in the business for 45 years, and at Rego Sotheby’s for more…

Volante Global, the Bermudian-based specialist insurer and reinsurer, has appointed Aaron Brockwell to the newly-created role as head of outwards reinsurance.
The company operates a multi-class managi…

Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported net income attributable to common stockholders of $128.6 million for the 2024 f…

Artificial intelligence is democratising who gets into the fintech game, and that spells good news for Bermuda, according to one Bermudian AI expert based in Canada.
Kyla Bolden, founder of Toronto …

Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has issued its last annual earnings release as it moves towards liquidation.
The company r…

David Burt, the Premier, has enthusiastically championed the island as the ideal home for cryptocurrency businesses – but now he has had to respond to a scammer who created a fake X (formerly Twitter)…

The Government has launched a third consultation on corporate income tax, which focuses on the administration of the provisions of the Act by the new Corporate Income Tax Agency.
And in so doing, it h…

The RG/BSX Index closed today unchanged at 2,709.91 after no trading on the Bermuda Stock Exchange.
The New York Stock Exchange was closed for the President’s Day holiday in the United States.
On Frid…