Royal Gazette

Ascot Group Ltd, the Bermudian-based global specialty insurance company, has announced that Michael Sevi has joined the firm as general counsel, reporting to group chief executive officer and presiden…

HashKey Global, the digital asset trading platform, has received regulatory approval to officially launch futures trading.
The platform is operated by HashKey Bermuda Ltd under a Type F license grante…

The Bermuda Economic Development Corporation is to hold open houses on Thursday at its incubator hubs in North East Hamilton and St George.
The events are being held to acknowledge the essential role …

A popular island restaurant has officially reopened after a seven-week $1 million renovation.
The interior of the Barracuda Grill was stripped bare and rebuilt with a new bar, opening up more space at…

Several fundamental problems in Bermuda’s healthcare sector can be tackled by fintech solutions that can revolutionise healthcare payments and data exchange — and solutions first employed here will be…

Argus Group Holdings Ltd has reported net income for the year ended March 31 of $7.3 million, which compares with $15.6 million in the previous year as restated for IFRS 17.
The company said this IFRS…

Michelle Falcucci has been promoted to partner in the Bermuda office of international law firm Carey Olsen.
Ms Falcucci, who works in the firm’s corporate department, is among six lawyers promoted to …

Chaucer Group, the international specialty insurer and reinsurer with an operation in Bermuda, has appointed Hayley Spink as its group chief operating officer.
Chaucer Insurance Company Designated Act…

Blueprint Two, the project to digitalise Lloyd’s, is behind schedule, prompting the organisation to push its launch back from its planned October target date.
Lloyd’s and Velonetic, which represents t…

Bermudian-based R&Q Insurance Holdings Ltd has filed for provisional liquidation.
The company said it filed, in the Supreme Court of Bermuda on Friday, an application to appoint joint provisional …

A multidiscipline services provider in the fields of civil, structural, mechanical and electrical engineering is highlighting one of their own, congratulating an electrical engineer-in-training, for a…

Restaurateur Marico Thomas, well known for fast food, has launched his most upscale restaurant on the edge of Hamilton Harbour.
The owner of Food Hub has just opened Eight & Vine at 8 Front Street…

Short-term and holiday rental provider Coldwell Banker Bermuda Vacation Rentals has acquired local competitor BermudaRentals.com.
It brings its number of listings up to about 60, and the company belie…

The Supreme Court of Bermuda has sanctioned a scheme of arrangement that will see BW LPG Ltd, the liquefied petroleum gas shipper, move its place of incorporation to Singapore.
The company has been re…

Palomar Holdings Inc, the parent company of Palomar Specialty Reinsurance Company Bermuda Ltd, has announced two appointments to its executive leadership team.
Tim Carter has been appointed chief peop…

Bermudian-based Artex Risk Solutions has appointed Irish Aleria as vice president, Insurance Management – ILS.
Ms Aleria joins from Ocorian, where she most recently served as client director and head …

AM Best has upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the long-term issuer credit rating to “aa-” (Superior) from “a+” (Excellent) of the members of Athene Group, …

Dear Dave,
I’m currently on Baby Step 2 of your plan, and I’m six months away from being debt-free, except for my home. Recently, I’ve run into an issue with my sister, who has a good job, but continu…

The executive committee of the Institute of Directors Ltd has appointed Michelle Cardwell as the new executive director, a position she will hold until their next annual general meeting.
Ms Cardwell h…

Top 10 Bermuda, the advertising agency, has launched an island-wide version of its popular scratch card game.
The first edition, which is Dockyard-specific, launched in April.
Ten advertisers are feat…

Axis Capital Holdings Limited has launched Axis Cyber Incident Commander, an after-incident help service for US-based, cyber insurance customers.
With a focus on speed of response, policyholders hit w…

Apex Group Ltd, the Bermudian-based global financial services provider, has appointed Katie Baxter as its new head of Private Clients and Family Office.
She has joined Apex from the Jersey office of t…

A newly-formed group for actuaries has signed up 165 members, only a short time after kicking off.
The Actuaries of Bermuda’s mission is to build a community of learning, networking, and professional…

The RG/BSX Index closed today at 2,377.34, down 24.62 points (1.03 per cent).
Some 3,000 shares in Argus Group Holdings Ltd changed hands on the Bermuda Stock Exchange. The stock closed at $5.51, down…

Bermudian-based R&Q Insurance Holdings Ltd is to file for provisional liquidation.
The news comes just days after R&Q provided an update on the proposed sale of 100 per cent of R&Q’s equit…

BW LPG Ltd, the Bermudian-incorporated liquefied petroleum gas shipper, is a step closer to moving its place of incorporation to Singapore.
The company has been registered in Bermuda since 2008.
BW LP…

The catastrophe bond market continued its upward momentum in the first quarter of the year, according to a state-of-the-market report prepared by Artex.
The spring 2024 edition of The Alternative View…

The RG/BSX Index closed today unchanged at 2,401.96 after a day of no trading on the Bermuda Stock Exchange.
Overseas, Butterfield Bank closed unchanged at $33.68 on the New York Stock Exchange.

Canopius Group, the global insurer and reinsurer with operations in Bermuda, has appointed Mark Houghton to the newly-created role of global product leader, Specialty.
He takes up the position in Octo…

The Bermuda Monetary Authority confirmed the registration of three insurers in May, taking the yearly total to 24.
The island’s financial services regulator has also registered four intermediaries.
Th…

Five local college students will complete the 25 who have been selected for the fifth annual CG Summer Internship Programme, which aims to foster the next generation of insurance professionals through…

You may have never heard of industrially produced trans fats, but chances are you have eaten them.
ITFAs can be found in everything from margarine and fried foods to baked goods and cooking oil.
Cari…

Hiscox, the Bermudian-based international specialist insurer, has appointed Mary Boyd as chief executive of its USA business unit.
Ms Boyd will join Hiscox on June 24, replacing existing USA CEO Kevin…

The insurance and reinsurance industry hosts a record 108 paid interns this summer, with valuable work experience for students.
The Association of Bermuda Insurers and Reinsurers began this year’s sum…

The reinsurance industry is mourning the passing of Dinos Iordanou, the former Arch Capital Ltd chairman and CEO and cofounder and non-executive chairman of Vantage Risk.
He is survived by Marianne Io…

The annual meeting of Skuld Mutual Protection and Indemnity Association (Bermuda) Limited, held last week in Singapore, approved the financial reports and the election of the directors of the Bermuda …

The Bermuda Monetary Authority recently provided guidance for the digital asset industry on expected standards for issuers of Single Currency Pegged Stablecoins.
The BMA said the guidance would provid…

Bermuda-domiciled Signet Jewelers, the world’s largest retailer of diamond jewellery, has reported first quarter fiscal 2025 operating income of $49.8 million, down $51.9 million from Q1 of FY24.
Both…

As the island moves towards sweeping changes in healthcare, a digital product developed for the Bermuda Health Council may be used as a model for the world by the local company that developed it.
The …

The Bermuda Monetary Authority is seeking feedback from the corporate service provider community as it moves forward with enhancements to the legislation that governs it.
The island’s financial servic…

The Government is pursuing economic partnerships in Africa and Jason Hayward, the Minister of Economy and Labour, this week in the Bahamas, discussed how that might develop during a meeting with an of…

The RG/BSX Index remained at 2,401.96 for the fourth day in a row, in the absence of activity on the Bermuda Stock Exchange.
Meanwhile, Butterfield Bank was down 21 cents (0.62 per cent) on the New Yo…

Bermudian-based Axa XL has announced new underwriting and distribution leadership roles in Canada.
James Lee steps into the position of head of Client & Distribution, Canada, and Alex Barker assum…

One of the most important measures of a jurisdiction’s competitive advantage is its ability to promote and regulate the efficiency, reliability and security of its critical infrastructure and essentia…

Veteran insurance executive Albert Benchimol has been elected as a new non-executive director of the board of Aegon Ltd, the international financial services holding company that has changed its legal…

The Supreme Court of Bermuda has refused an application by the Corporation of Hamilton for a stay of proceedings in relation to an action by Mexico Infrastructure Finance LLC to seek recognition here …

What is happening to our island?
It is almost palpable — in the air, in feelings, in thoughts, and in media commentary.
It is the resignation, almost despair at the increasing infrastructure disrepair…

A record cat bond issuance is expected in the year ahead, according to credit rating agency AM Best.
The company’s managing director, Ratings Services Insurance-Linked Securities Group, Emmanuel Modu,…

The 10th Transcontinental Trusts Bermuda 2024 conference is taking place June 19-21 at the Hamilton Princess & Beach Club.
Law firm Appleby Bermuda said it will be a silver sponsor at the event.
T…

Bermudian-based insurer and reinsurer Axa XL’s alternative capital team has selected an Idaho company, Clearwater Analytics, as a provider for investment accounting services.
The worldwide provider of…