Royal Gazette

Observers forecast a market rise for cybersecurity insurance as cyber threats become more frequent and broader coverage and sector-specific policies become more common.
The evolving cyber threats and …

Bacardi Rum has been named as the first Spirits Partner of the 2023 MTV Video Music Awards.
The brand is part of the portfolio of Bermudian-based drinks giant Bacardi Limited, which has its world head…

The Bermuda Captive Network and consultant Andrew Vaucrosson have mutually decided to part ways, the organisation has announced.
BCN said: “During the past 18-month growth phase, BCN engaged with Mr A…

The RG/BSX Index closed on Wednesday unchanged at 2,219.98 on a day when there was no trading on the Bermuda Stock Exchange.
Overseas, Butterfield Bank closed up 24 cents (0.85 per cent) at $28.40 on …

Three Bermudian students have received legal education awards from law firm Marshall Diel & Myers Limited.
Zuri Harrison, Jonathan Jervis and Zamauri Hardtman are recipients of the awards this yea…

Bermudian-based Fortitude Re has appointed Ming Zhang as chief risk officer and Andrew Sooboodoo as chief regulatory officer.
The company said Mr Zhang will join Fortitude Re’s executive committee and…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has appointed Alasdair Walker as regional head of distribution, insurance, Asia …

Coldwell Banker Bermuda Realty has marked two historical milestones with a celebration of the achievements of its present-day staff.
The realtor this year celebrates 70 years since the start of the co…

Bermudian-based Fidelis Insurance Holdings Limited has reported second quarter net income available to common shareholders of $83.9 million.
That compares with net income available to common sharehold…

The RG/BSX Index closed on Tuesday unchanged at 2,219.98.
Some 10,231 shares in Bermuda Press (Holdings) Ltd changed hands for a total turnover of $81,848 on the Bermuda Stock Exchange.
The stock clos…

Avance Gas Holding Limited, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has struck another deal to renew its fleet.
The company has exercised a purchase optio…

Kiara Burcher is the recipient of the Robert Clements Scholarship, awarded by the Chubb Charitable Foundation – Bermuda.
A second high-achieving student, Destani Warner, is the Chubb Bermuda College E…

Aspen Insurance Holdings Limited has reported first-half 2023 net income of $219 million, a 352 per cent jump over last year’s net income of $48 million over the same period.
Operating income for the …

Now Insurance, the full-stack, AI-enabled commercial insurance platform specialising in medical professional liability coverage, has announced an investment from a subsidiary of Bermudian-based Arch C…

Praveen Pachaury has been appointed senior vice president of technology and digital at Xceedance, the Bermudian-domiciled global provider of technology and digital solutions, claims services, and data…

Bermuda has first mention on the list of the “Top 7 Countries with Zero Income Tax” in a GOBankingRates article now being widely republished on Yahoo! Finance and elsewhere.
The list follows on with M…

The place of eternal spring, the future hub of international arbitration is no other than Bermuda. It is imperative that the Government and other stakeholders take the bold step of establishing a dedi…

Industry veteran Greg Chilson is to serve as president of Argo Surety, Bermudian-based Argo Group International Holdings Ltd has announced.
Mr Chilson, who has been a strategic adviser to the business…

The RG/BSX Index closed on Monday at 2,219. 98, up 2.38 points (0.11 per cent).
One hundred shares in Argus Group Holdings Ltd changed hands. The stock closed at $6.10, up 10 cents (1.7 per cent) on t…

Mosaic Insurance has appointed David Drogin to lead growth of its US cyber business.
The Bermudian-based specialty insurer said the appointment is part of the division’s global build out to meet deman…

Compre, the Bermudian-headquartered international legacy group, has expanded its US operation with the appointment of seven US claims specialists.
The team will report to Bill Bouvier, claims director…

DWF, the global provider of integrated legal and business services, has agreed a global claims management outsourcing contract with Bermudian-based re/insurer Aspen.
The agreement will see Aspen and D…

Bermudian-based Axa XL has appointed Glen Hopkinson as the new country manager for Canada.
Mr Hopkinson, who has served as the interim boss in recent months, assumes leadership of the company’s insura…

BF&M Limited has reported a net income of $13.9 million for the six months ended 30 June 2023, bouncing back from a restated net loss of $12.2 million for the same period in 2022.
This marks the s…

The United Nations wants more power to shape global tax rules and is highly critical of the work done by the Organisation for Economic Co-operation and Development, which now has Bermuda consulting ov…

The implementation of a new tax collection system and the unpredictability of revenues are two of the issues the Government would face should it move towards the imposition of a corporate income tax, …

Company leaders in Bermuda must fully embrace employees’ differences if they are to maximise the success of their organisation, the chief executive of a new organisational development consultancy has …

The integrity of the framework supporting Bermuda’s segregated accounts companies has been validated by the Bermuda Supreme Court in the first full review of the two-decade-old legislation.
A judgment…

Conyers, the international law firm, is optimistic that more companies looking to raise capital on the Norwegian stock exchanges, will incorporate in Bermuda.
Conyers directors, Marcello Ausenda, head…

Dear Readers: this might not normally be the purview of a personal finance column. However, the proposed changes in our more than 150-year-old current Bermuda tax laws represent what could be a positi…

Dear Dave,
I’ve heard you talk about paying for college for your children. Why is this a requirement? I’m not trying to shirk my responsibility, but I worked my way through college and so did my paren…

The RG/BSX Index closed on Friday unchanged at 2,217.59.
For the week, the Index was down 9.07 points (0.4 per cent) on share volume of 1,400 and a total turnover of $37,975.
Overseas, Butterfield Ban…

HSBC Bermuda is replacing fully plastic bank cards with those made from recycled materials.
The bank said it is part of HSBC’s global strategy to reduce carbon emissions and achieve their net zero goa…

A global provider of cyber-risk and privacy management solutions, IT Governance, surveyed 87 publicly disclosed security incidents last month alone (694 for the year to July), that accounted for 146,2…

The building on Mangrove Bay Road in Sandys Parish that until recently housed Somerset Pharmacy is to come under new ownership, its owner has revealed.
Graham Fowle said: “The property is under contra…

The RG/BSX Index closed on Thursday unchanged at 2,217.59, with no trading on the Bermuda Stock Exchange
Overseas, Butterfield Bank closed up 56 cents (1.97 per cent) at $28.93 on the New York Stock E…

The eMoo platform, Bermuda’s largest local marketplace website, will undergo security and performance upgrades designed to create a better seller and user experience, the eMoo product manager has said…

Major Martin Wyer (RBR retired) has been appointed director of talent & culture at the Hamilton Princess & Beach Club.
He is responsible for leading and managing all recruitment, training, coa…

Seven directors were re-elected at the annual general meeting of Golar LNG Limited, the Bermudian-based owner of tankers that haul liquefied natural gas,
Re-elected were Tor Olav Trøim, Daniel Rabun, …

Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has reported a net profit of $16.9 million for the second quarter of the year.
The company said it received chart…

Borr Drilling Limited, the Bermudian-based oilfield services company, has reported second quarter net income of $800,000.
The company had total operating revenues of $187.5 million in the quarter.
Bor…

SiriusPoint Ltd, the Bermudian-based global specialty re/insurer, has appointed Anthony Shapella as deputy chief underwriting officer.
Based in New York and reporting to David Govrin, group president,…

The RG/BSX Index closed 0.35 points (0.02 per cent) higher at 2,217.59 Wednesday. Polaris Holdings was the only active issue on the Bermuda Stock Exchange, rising 25 cents (3.6 per cent) to close at $…

Daniel Tague has been appointed senior vice-president, excess casualty at Hamilton Select, the US excess and surplus lines insurer of the growing Bermuda insurer, Hamilton Insurance Group, Ltd.
Hamilt…

Enquiries into fraudulent letters of credit used in collateral for business with the insurtech, Vesttoo, has made enough progress, the company has said, that they have determined there was no internal…

Bermudian-based Flex LNG Ltd, the liquefied natural gas shipping company, has reported net income of $39 million for the second quarter 2023, after vessel operating revenues of $86.7 million for the p…

Bittrex Global, the crypto currency exchange with offices in Bermuda and Liechtenstein, has reached a settlement with the US Securities and Exchange Commission.
The settlement is in relation to the SE…

Aircare Ltd service technician Corey Davies has successfully completed his Trane CentraVac chiller certification.
The company said the two-course training took place in Wisconsin in May, and consisted…

SiriusPoint CEO Scott Egan was joined by colleagues from the company on Monday as he rang the closing bell at the New York Stock Exchange.
Mr Egan was joined on the podium by two Bermudian-based staff…