Royal Gazette

Antares Global Management Ltd has made three senior appointments to create the leadership structure for its new Commercial division, which comprises Bermudian-based Antares Re and Syndicate 1274.
The …

Seven directors were elected at the annual meeting of Gold Reserve Ltd, which recently completed its continuance into Bermuda from Alberta, Canada.
Robert A. Cohen, Paul Rivett, James Michael Johnston…

A Bermudian marketing strategist, business coach, and designer has been recognised for her work in North Carolina.
Kennette J. Burgess, the owner and chief executive of Focus Marketing & Developme…

Retail sales volume in Bermuda fell by 5.4 per cent year-over-year in August, according to figures released today by the Ministry of Economy and Labour.
That figure was determined after adjusting for …

Inflation was measured at 2.3 per cent in the latest government figures released today which showed large rises in some key areas.
The Ministry of Economy and Labour released the Department of Statist…

A staff gift drive at the Bermuda Monetary Authority has collected more than 150 toys and $10,500 in gift card vouchers for children and families in need.
Gift cards included vouchers for Belco, Lind…

A new skin care clinic has opened in Hamilton employing the latest laser technology for the treatment of medical conditions and aesthetic concerns.
Bermuda Laser Clinic opened on November 1 on the sec…

Bermuda is to develop its first national entrepreneurship strategy.
The Bermuda Economic Development Corporation has invited qualified consultants or consultancy firms to submit proposals regarding th…

As the government prepares a new tax authority to collect what could be some $750 million annually from the new corporate income tax starting next year, a new survey highlights how one group of intern…

AM Best has affirmed the credit ratings of island-domiciled Brit Reinsurance (Bermuda) Ltd.
The agency affirmed the company’s financial strength rating of A (Excellent) and the long-term issuer credit…

Ratings agency AM Best has assigned as excellent the ratings it has awarded to Bermudian-registered companies.
It gave a financial strength rating of A (Excellent) and a long-term issuer credit ratin…

The Ministry of Health needs an environmental toxicologist to better ensure the safety of locally manufactured products. Kim Wilson, the Minister of Health, revealed this in response to concerns that …

Shareholders of Argus Group are to vote on the company’s proposed amalgamation with BF&M Ltd, and shareholders of the latter company are to vote on issues arising from the merger agreement, at spe…

David Furtado, of Auto Solutions, has been named the top Suzuki service adviser in the Caribbean for the third quarter of the year.
The award covers 26 Caribbean territories for the period, and commen…

Bermuda is the top jurisdiction for technology leadership in Latin America and the Caribbean according to the Smart Centres Index.
Developed by London-based think-tank Z/Yen, SCI evaluates the capabil…

Six appointments have been made to the board of directors of the Association of Bermuda International Companies, it announced today.
Christian Dunleavy, chairman of Abic, said: “On behalf of Abic’s bo…

A new Bermudian-based reinsurance company, born from a collaboration between MetLife Inc and General Atlantic, is set to launch in the first half of 2025.
The two businesses announced the formation o…

Bermudian-based Paradise Mobile has appointed two telecom industry heavyweights as strategic advisers.

John Legere was CEO of T-Mobile US from 2012 to 2020, and Lawrence Guffey is the managing par…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Denver-headquartered Oceanview Life and Annuity Company and its Bermudi…

Relm Insurance, the specialty insurance carrier supporting emerging and innovative industries, has launched its own managing general agent in the US, licensed in all 50 states, including locations in …

The RG/BSX Index closed unchanged today at 2,571.67.
Only Watlington Waterworks saw activity with 235 shares changing hands, the price remaining at $31 by the end of the day.
The turnover was $7,145.
…

A Bermuda captive of one of Japan’s largest general trading companies has had its excellent financial strength rating affirmed by credit ratings agency AM Best.
The rating agency affirmed the Financia…

Fortitude Reinsurance Company Ltd has announced that Moody’s Ratings has assigned A3 Insurance Financial Strength Ratings to Fortitude Re’s three main operating companies: Fortitude Reinsurance Co Lt…

The Bermuda Economic Development Corporation has launched its “Eat, Shop, Play” draw, encouraging shopping in Bermuda’s Economic Empowerment Zones.
The BEDC said the initiative invites the public to e…

Japan’s largest life insurer will make its Bermudian equity affiliate, Resolution Life Group Holdings Ltd, its wholly owned subsidiary – acquiring the remaining shares from the firm’s investment limit…

New registrations for motor cars and trucks coming on to the road have shot up 7 per cent this year, with 124 more units during the first ten months, than during the same period in 2023.
But auto gara…

Christmas traffic is not as heavy as it usually is at the Bermuda Bookstore, but those customers who do come in are serious about their buying.
“They have done their research online,” co-owner Hannah…

The RG/BSX Index closed at 2,517.67 on Tuesday, up 81.85 points (3.29 per cent), with four stocks seeing activity.
The total turnover was $651,372.95.
Bermuda Aviation Services saw 43,100 shares move …

The Bermuda holding company, The RoyaLand Company Ltd, will use artificial intelligence-powered non-player characters, as a significant advancement of their development of a new, web-based game.
The c…

Oak Reinsurance has appointed James Irvine as chief underwriting officer, Property.
Based in London, Mr Irvine will join in spring 2025, and report directly to Cathal Carr, chief executive and active …

The joint liquidators of Bittrex Global (Bermuda) Ltd (in liquidation) have announced their intention to declare a first and final dividend to unsecured creditors of the company and to distribute the …

Bermudian-based Meanwhile, the world’s first Bitcoin life insurance company, has formed a strategic partnership with Swiss-headquartered Block Green, the Bitcoin investment platform.
Meanwhile will su…

The board of directors of Butterfield Bank has approved a $100 million ordinary share repurchase programme that authorises the bank to purchase up to 2.7 million of its ordinary shares through the end…

A Singapore-based hybrid cryptocurrency exchange said that it was the first decentralised exchange to secure regulatory approval, having obtained a Class M digital asset business licence from the Berm…

The owner of a Bermudian-based alternative risk management specialist business has agreed a $13.45 billion deal to buy a US insurance broker.
Arthur J Gallagher & Co, which owns Artex Risk Solutio…

Bermudian-domiciled artificial intelligence firm Afiniti Ltd has successfully completed a recapitalisation transaction.
The firm, which once promised to bring 1,000 jobs to the island, said the transa…

AM Best has affirmed the credit ratings of Orion Reinsurance (Bermuda) Ltd, a Class 3 captive insurance company that was set up on the island in 2004.
The ratings agency affirmed the financial strengt…

AM Best has affirmed the credit ratings of Bermudian-based Lancashire Holdings Ltd and its subsidiaries.
The ratings agency affirmed the financial strength rating of A (Excellent) and the long-term is…

The Government has emphasised its commitment to advancing renewable energy solutions.
Home affairs minister Walter Roban made the statement after attending the 2024 High-Level Caribbean Forum in Barba…

Court House Squash & Wellness has donated $4,500 to Dementia Bermuda in support of Bermudians living with dementia and their caregivers.
The money was raised at the organisation’s annual members’ …

Bermudian-based Signet Jewelers Ltd, the world’s largest retailer of diamond jewellery, has reported operating income of $9.2 million in the third quarter of fiscal year 2025.
Reporting results for th…

After fighting high import costs this year, many local small business are hoping for relief in 2025.
Retailer Reva Minors, of Loquat Roots, has seen mushrooming costs to import herbs and spices for h…

New sanctions published to the Bermuda Monetary Authority website for the first time have targeted Northern Ireland related terrorism.
The sanctions come under Domestic Counter-Terrorism Regulations, …

Bermuda Aviation Services Ltd and its subsidiaries have reported net income from continuing operations of $1 million for the six months ended September 30, doubling the $500,000 in net income recorded…

AM Best has affirmed the credit ratings of Germany-based Hannover Re and its main subsidiaries, including island-headquartered Hannover Re (Bermuda) Ltd and Hannover Life Reassurance Company of Americ…

Lancashire Holdings Ltd has made a raft of senior leadership changes, including James Flude’s appointment as chief executive of Lancashire Insurance US and Huw Jones’s appointment to the new role of c…

Bermuda’s legal fraternity has been recognised in the Chambers and Partners Fintech 2025 Guide.
A leading directory for the legal industry, Chambers ranks law firms and their lawyers across 200 jurisd…

AM Best has affirmed the credit ratings of Harrington Re Ltd and Harrington Reinsurance Holdings Ltd, both of which are domiciled in Bermuda.
The ratings agency affirmed the financial strength rating …

I don’t really like to talk or even think about anything related to death. But after many years and accumulating numerous — albeit small — assets that are scattered across different countries, that dr…

Mike Karmilowicz has notified Everest Group Ltd of his decision to resign from his role as chairman, Everest Global Insurance, the company has revealed in a filing with the US Securities and Exchange …