Royal Gazette

A major Hamilton retailer has pronounced Black Friday sales a fantastic success, and is now seeing a steady increase in spending in the lead up to Christmas.
Deanne Hart, marketing and communications…

A new telecommunications firm has set up shop, promising Bermudians hassle-free service.
Founder Lee Greene said B-Mobile will operate by leasing access to OneComm’s 5G and 4G LTE networks instead of …

A delegation from Bermuda has returned from the United Arab Emirates after discussions aimed at strengthening relations between the two countries.
The Bermuda Business Development Agency’s managing di…

Aspen Insurance Group chief executive and executive chairman Mark Cloutier has been elected chairman of the Association of Bermuda Insurers and Reinsurers for 2025-2026.
He succeeds Hamilton Insurance…

A subsidiary of Argus Group Holdings Ltd has completed its acquisition of 3,394,403 shares in BF&M Ltd from Lawrie (Bermuda) Ltd, a wholly-owned subsidiary of Camellia Plc.
Argus announced on Wedn…

The RG/BSX Index closed today unchanged at 2,527.36.
Some 3,394,403 shares in BF&M Ltd changed hands on the Bermuda Stock Exchange. The stock closed unchanged at $18.05.
Overseas, Butterfield Bank…

Bermudian-based Axa XL has appointed two new client relationships leaders in the United States.
Russell Caminske joins as the east zone CRL in New York, and Ryan Larson as the west zone CRL in San Fra…

Insured losses from natural catastrophes will break the $100 billion mark for the fifth consecutive year, a major reinsurer said.
According to Swiss Re Institute’s estimates, with temperatures 1.54C a…

Solvency coverage of large global reinsurers improved on the back of strong earnings generation and positive rates environment in 2023 and the third quarter of this year, Fitch Ratings said.
The agenc…

The Bermuda Foundation for Insurance Studies has appointed Shellé Thompson as chairwoman of its board of trustees.
Ms Thompson, who has served on the board of trustees since 2017, succeeds outgoing ch…

There is steep demand for the ability to authenticate a person’s identity through the use of a trusted repository of their digital information.
In response to that growing demand, the Bermuda Monetary…

Domestic insurer BF&M Ltd today acquired more than seven million shares in Argus Group Holdings Ltd as it moved closer to completing the amalgamation of the two companies.
In a statement filed wit…

The RG/BSX Index closed today unchanged at 2,527.36.
Some 7,096,925 shares in Argus Group Holdings Ltd changed hands on the Bermuda Stock Exchange. The stock closed unchanged at $4.70.
Also on the BSX…

Liberty Mutual Bermuda has partnered with Mailboxes Unlimited to deliver much needed school supplies to two local primary schools.
A spokesman for the insurance firm said Mailboxes Unlimited had waive…

CEOs are doubling down on talent and technology as confidence in the global economy declines, according to a KPMG survey of more than 1,300 of the world’s corporate leaders.
Pessimism aside, they are …

One of Bermuda’s most enduring mysteries has been celebrated with the creation of an almost exact replica of the Tucker Cross by jewellers Astwood Dickinson.
The gold and emerald-encrusted Tucker Cros…

One of Bermuda’s most successful international fashion models says social media is slamming the careers of industry veterans such as himself.
“Social media has driven down the value of true artists, w…

Leading the 20th annual KPMG Senior School Investment Challenge is a Warwick Academy team that is up more than 30 per cent in its first month of virtual stock investing.
The Moral Hazards team used 1…

Mentorship by industry leaders and subject-matter experts from two of the world’s major insurance and reinsurance markets awaits successful applicants for cohort 14 of the Lloyd’s Lab’s award-winning …

Bermudian-based Aspen Insurance Holdings Ltd is to call all 11 million of its outstanding 5.95 per cent fixed-to-floating rate perpetual non-cumulative preference shares for redemption on January 1.
A…

Liberty Mutual Insurance has appointed Marc Orloff as president of Global Risk Solutions North America, effective January 1.
Reporting to GRS president Neeti Bhalla Johnson, Mr Orloff will be accounta…

Avance Gas Holding Ltd is “as liquid as the seven seas” after selling the remainder of its fleet, its chief executive said as he revealed the company’s intention to wind up operations.
The Bermudian-b…

Axa XL has provided $30 million in credit insurance in support of a pioneering sustainable issuance for nature and climate in the Bahamas.
The Government of Bahamas, the Nature Conservancy, the Inter-…

Ascot Group has appointed Mark Benz as executive vice-president, head of Ascot US Alternative Risk Solutions.
In this newly-created role, the company said, Mr Benz will build and lead a portfolio focu…

Kebobs on the Curve, the island’s Middle Eastern restaurant, has reopened with new chefs and an expanded menu.
Owners Chris and Elaine Lima, and a silent partner, opened the takeaway restaurant in May…

Bermudian-based Golden Ocean Group Ltd, the world’s largest listed owner of large-size dry bulk vessels, has reported net income of $56.3 million for the third quarter of 2024.
That compares with net …

Asia Pacific Wire & Cable Corporation Ltd, the holding company incorporated in Bermuda, has reported net income of $900,000 for the first nine months of the year, a drop of $200,000 compared with …

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Bermudian-based Hagerty Reinsurance Ltd.
The outlook of these credit …

Rakesh Thakrar has been appointed interim group chief financial officer of European savings and retirement services group, Bermudian-based Athora Holding Ltd.
Mr Thakrar will also join the Athora Gro…

The original 1988 US-Bermuda Tax Treaty has found a new home in the Bermuda Archives.
Discovered earlier this year by Solicitor-General, Shakira Dill-Francois, the Treaty had remained hidden in a col…

Shops in Hamilton will stay open late this month in a Chamber of Commerce initiative aimed at supporting local retailers.
The Chamber’s retail division is launching the Hamilton Mingle & Jingle ev…

Marco Capital Holdings Ltd, the European P&C insurance run-off group, has completed its acquisition of Inceptum Insurance Company Ltd, the British non-life insurance company in run-off, from Bermu…

AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Bermudian-based Fed Re Ltd, the Class E insurer registered with the Bermu…

New Bermudian-based reinsurer Mereo is close to finalising a $650 million fundraise with six investors, according to industry reports.
Mereo has secured Bermuda Monetary Authority approval as it looks…

A third pillar for the Bermuda economy could be the result of plans to land Google’s new subsea cable here, as it paves the way for the island to become a transatlantic digital hub.
This vision for Be…

The Association of Bermuda Insurers and Reinsurers will sponsor a free foundational course for the fifth consecutive year, providing Bermudian students and the public with free access to education abo…

AM Best has revised the outlook to positive from stable for the long-term issuer credit rating and affirmed the financial strength rating of A (Excellent) and the long-term ICR of “a” (Excellent) of B…

My husband and I have begun to do our research to determine where we would like to retire. Bermuda is definitely high on the list, but there are several factors that are not ideal for retirees, one be…

Bermuda’s international business sector accounted for almost a third of the island’s gross domestic product last year, the economy minister said yesterday.
Outlining the 2023 GDP report, Jason Hayward…

A member of Italy’s House of Savoy is the founder and chief executive of a Bermudian-based holding company that is behind a new fantasy-based, royalty-themed video game that is expected to hit the mar…

A new $30,000 scholarship aimed at developing Bermudian talent specifically for the captive insurance industry has been launched.
KPMG in Bermuda and the Bermuda Captive Network have combined to offer…

Bermuda’s international business sector accounted for almost a third of the island’s gross domestic product last year, the economy minister said today.
Outlining the 2023 GDP report, Jason Hayward sai…

Industry veteran Chris Shanahan is to succeed Marc Archambault, who is retiring, as chief executive, Life and Health, at PartnerRe.
Mr Shanahan’s appointment is effective January 1.
Philippe Meyenhofe…

The Bermuda Monetary Authority has launched a consultation paper seeking feedback on the regulation of digital identity service providers.
An identity provider is an organisation — government or priva…

Bermudian law firm, Marshall Diel & Myers, has expanded its family team with the appointment of barrister Patrick Goodings.
Mr Goodings, who has 13 years’ experience at the Bar, most recently at T…

Real estate agency Keller Williams Bermuda has saved a stately old Bermuda home from the wrecking ball.
The firm began turning Charleswood, the Bermuda Red Cross headquarters at 11 Berry Hill Road i…

Artificial intelligence is revolutionising the way that humans solve problems and create.
Tools such as ChatGPT are used to generate just about anything and as powerful as these AI tools are, AI comes…

Bermudian-based Everest Group Ltd has expanded its European operations with the launch of an insurance business in Italy.
The news comes following the receipt of regulatory approval to operate in the …

Two members of staff at mental wellness centre, Solstice, have completed training in working with children, young people and adults who have experienced hard times.
Managing director and social worke…

Bermuda’s entrepreneurial community has celebrated the achievements of micro, small, and medium-sized businesses, along with innovators within the island’s economic empowerment zones, at the eighth an…