Royal Gazette

This Moment of Clarity column is the fifth, and last, in our series dedicated to sharing Lessons from Lasso.
A brief recap: the first lesson was Bake Cookies for Your Boss – Share Your Authentic Self…

The board of Bermudian-based R&Q Insurance Holdings Ltd is in advanced talks with Canada’s Onex Corporation regarding the sale of Accredited, the company’s programme management business.
In a stat…

Certain subsidiaries of Bermudian-based James River Group Holdings Ltd have agreed to sell the renewal rights to their Individual Risk Workers’ Compensation business to New York-headquartered Amynta G…

The RG/BSX Index closed on Monday unchanged at 2,040.24 after a day of no trading.
Overseas, Butterfield Bank closed down eight cents (0.29 per cent) at $27.52 on the New York Stock Exchange.

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Bermudian-based Maxseguros EPM Ltd, the single-parent captive insurer…

Aon plc, the global professional services firm, has appointed Jake Nichols as senior managing director, global clients leader, Bermuda, within Reinsurance Solutions.
Mr Nichols, who is based on the is…

The Association of Bermuda Insurers and Reinsurers has signed an agreement with the Association of British Insurers to work together on “matters of mutual interest”.
According to an announcement from …

Google will be laying a cable between Portugal and the United States via Bermuda, bringing the island one step closer to becoming a telecommunications hub for the Atlantic.
It will be the first direc…

Louis Millar has been promoted to head of Argus Wealth Management, the Bermudian financial services company that provides a range of investment solutions.
He joined AWM in 2007 as an assistant vice-pr…

Meritus Trust Company has won the Trust Company of The Year award for mid-size firms at the 2023-24 Society of Trust and Estate Practitioners Private Client Awards at the London Hilton on Park Lane.
T…

A Bermudian technology education centre has won a top award from a British tech publication.
Corporate Vision Magazine has named Connectech Coding as Leading Providers of After-School Tech Coding Enr…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has appointed Jérôme Gossé as head of cyber insurance, Continental Europe.
He wi…

Seventeen entrepreneurs have completed the third Young Adult Entrepreneurial Internship programme presented by Ignite Bermuda.
The participants, ages 19 to 25, developed their passions for entrepreneu…

Dear readers, this is part one of four-part retrospection featuring excerpts from some key concepts out of the 1,200-plus Moneywise articles (and more than 1.4 million words) that I have written for T…

Dear Dave,
My girlfriend’s parents are divorced, and they’re both in their early seventies. We talked the other night, and she’s thinking about buying them each life insurance policies. The only cover…

Randy Rochester has been installed as the chief executive officer of Polaris Holding Company.
He officially begins in the position September 25. Since August 14, he has been working with the title of …

The RG/BSX Index closed on Friday at 2,040.24, down 77.77 points (3.67 per cent).
Some 830 shares in Bank of NT Butterfield Ltd changed hands. The stock closed at $27, down $1.45 (5.1 per cent).
For t…

Bermuda’s largest internet and cable provider One Communications Ltd has launched another share buyback offer.
In a letter to shareholders sent out this month, the telecommunications firm offered to b…

Bermudian-headquartered Relm Insurance Ltd has appointed Colin James as chief financial officer.
The company said Mr James will direct the innovative insurer’s financial goals, objectives, budgets, an…

Multiple business development opportunities will be explored during the Submarine Networks World 2023, the largest annual gathering of the global subsea communications community, September 27 and 28 a…

Military-level expertise will usher in a new era of cybersecurity services for local and international companies in Bermuda through a partnership that includes a Bermudian start-up and a Portuguese in…

The Bermuda Monetary Authority is considering embedded supervision as a way to better regulate the digital asset space.
According to BMA chief digital officer Moad Fahmi, local regulators are consider…

Occam Underwriting, which has been majority owned since 2021 by Hudson Structured Capital Management, carrying out its re/insurance business as HSCM Bermuda, is to come under new control.
Brown & …

The RG/BSX Index closed on Thursday at 2,118.01, up 20.56 points (0.98 per cent).
Ten thousand shares in Argus Group Holdings Ltd changed hands on the Bermuda Stock Exchange. The stock closed at $6, d…

The Association of Bermuda Insurers and Reinsurers will celebrate three decades of leadership and partnership at a lunch on Tuesday.
John Huff, Abir president and chief executive officer said: “The Ab…

Apex Group, the Bermudian-based global financial services provider, has appointed Stephen Geddes as regional head, Britain, responsible for overseeing the delivery of the organisation’s single-source …

Bermuda will continue to play a significant role in the growth and evolution of the legacy market due to the depth of talent and its regulator, PWC insurance partner Matt Britten predicted.
“The Berm…

Lloyd’s, the London-headquartered re/insurance marketplace, has reported a profit before tax of £3.9 billion for the first half of 2023.
That compares with a £1.8 billion loss in the first half of 202…

Brookfield Infrastructure’s $13.3 billion take-private acquisition of Bermudian-based Triton International, the world’s largest lessor of intermodal freight containers, is a step closer to completion….

Jeb Bush wasted no time expressing his gratitude to Bermuda and its reinsurance market during the 62nd General Assembly & Annual Meeting of the World Federation of Exchanges at the Hamilton Prince…

Forensic accountants get it. They know they can be unpopular.
They know that hiring them ahead of time costs money and will eat away at profit margins. And they know that after the fact, after a frau…

The RG/BSX Index closed on Wednesday at 2,097.45, down 1.19 points (0.06 per cent).
Some 1,500 shares in Argus Group Holdings Ltd changed hands on the Bermuda Stock Exchange. The stock closed at $6.15…

Bermudian-based Axis Capital Holdings Limited has appointed Kelly Beaudoin as head of its partnership office, a cross-functional team that guides the organisation’s change management programmes.
In th…

The number of jobs in Bermuda increased in 2022 year-over-year, but is not back to pre-pandemic levels, Department of Statistics figures have revealed.
The Job Market Employment Briefs report said the…

The Bermuda Monetary Authority confirmed the registration of two insurers in August, taking the yearly total to 39.
The BMA confirmed Gearbulk Captive Ltd in Class 2 and Prismic Life Reinsurance Ltd i…

Larissa Dziubenko and Ligaya Sanchez-Wilson have joined Appleby Bermuda’s corporate and dispute resolution departments, two of the largest practices on the island.
Ms Dziubenko, an associate in the co…

Tony Hay will retire as president and chief underwriting officer of Arch Insurance (Bermuda) at the end of the year, after over two decades with the organisation and over five years at the helm.
Mr Ha…

This summer Jessica Lightbourne left her job at the Bermuda Hospitals Board to focus on her own business.
The change was brought about by a near-death experience.
She was walking with a friend when s…

Bermudian-based Somers Group Holdings Ltd has appointed industry veteran John Patin IV as chief investment officer.
The company said Mr Patin is responsible for overseeing Somers’ overall investment s…

Inver Re, the Bermudian-based global reinsurance broking arm of the Ardonagh Group, has launched an integrated global index practice, following the appointment of Tom Johansmeyer earlier this year.
Mr…

The RG/BSX Index finished down 49.58 points (2.31 per cent) on Tuesday to close at 2,098.64.
Two stocks were traded on the Bermuda Stock Exchange, with 700 Bank of NT Butterfield shares changing hands…

Bermudian-based Legal & General Reinsurance has taken on an intern, and supported an education award for a deserving student.
Jahlika Berkeley, a recent graduate with a BSc in accounting and finan…

Embattled Bermuda-linked insurtech, Vesttoo, has won a court ruling in their bid to claw back $200 million from company founders and others alleged to be involved in a massive fraud that has crippled …

Harbourfront restaurant has reopened its newly renovated and refurbished lounge. Originally the Sushi Lounge, the new Coral Lounge now offers a full à la carte menu.
The space has been redone in pink …

Independent airline, BermudAir, has partnered with Discover the World, the global sales and marketing organisation, to grow awareness and sales with the USA travel trade.
Discover the World said it wi…

Hudson Structured Capital Management Ltd, doing its reinsurance business as HSCM Bermuda, has added to its support of Kin, the Chicago-based insurtech start-up.
Kin has closed a $33 million Series D e…

Bermuda is failing, and a large minority absolutely accepts that. The downward trajectory we are on is a story of defeatism, self-interest and complacency. We are propped up by a campaign of smoke and…

A jurisdictional battle between Bermuda and the United States may be brewing after a ruling from a Delaware court in what could be the biggest insurance bankruptcy in Bermuda.
On Monday, Judge Mary F…

The Bermuda Stock Exchange is looking at ways for traders to get their money faster.
Some are already pushing for immediate settlements.
Greg Wojciechowski, president and chief executive of the BSX, h…

AM Best has revised down its outlook for the US homeowner insurance segment from stable to negative in part as a result of “elevated reinsurance costs“.
The ratings agency also cited above-average cat…