Royal Gazette

Fitch Ratings has revised its global reinsurance sector outlook from “improving” to “neutral”, believing the pricing cycle has most likely passed its peak.
In a webinar on the global reinsurance outlo…

Lloyd’s has reported its best first-half underwriting result in 17 years as it posted an overall profit before tax of £4.9 billion, or approximately $6.45 billion, in the first half of the year.
That …

Moody’s Corporation has acquired Praedicat, the California-based provider of casualty insurance analytics.
The company said the acquisition adds comprehensive casualty and liability modelling to Moody…

Bermudian-based Enstar Group Ltd has announced the expiration of the 35-day “go-shop” period as provided for in the definitive merger agreement that will see Sixth Street, the global investment firm, …

Some 400 delegates are expected to attend the 20th anniversary event of the Bermuda Captive Conference next week at the Pier Six complex in Hamilton.
The 2024 conference, organised by the Bermuda Capt…

The Bermudian-run Ubersoca Cruise, a Caribbean music festival at sea, has been named the Best Cruise Event of the Year at the Caribbean Music Awards in New York.
The cruise exploring destinations such…

A top realtor has claimed that the Government is putting Bermudians in legal jeopardy by failing to resolve an international driving dilemma.
Over the past decade, Bermudians have reported difficulty …

The catastrophe bond market grew nearly 18 per cent year-on-year to a record $45.6 billion, a new report by Aon Securities has revealed.
In the 18th edition of its ILS Annual Report, the company said:…

Brianne Schoonover has been made EY Bermuda partner and insurance tax leader in Bahamas, Bermuda, the British Virgin Islands and the Cayman Islands.
A spokesman for the firm said her appointment refle…

Bermudian-based Artex Risk Solutions has appointed Rebecca Oliver to the post of global practice lead, Carrier Outsourcing.
Ms Oliver joins from WNS in London, where she served as senior vice-presiden…

The Bermudian-run Ubersoca Cruise, a Caribbean music festival at sea, has been named the best cruise event of the year at the Caribbean Music Awards in New York.
The cruise exploring destinations such…

The Bermuda Economic Development Corporation is to present a webinar designed to equip businesses with the tools and knowledge to harness the power of artificial intelligence.
“AI Essentials: Driving …

Bermudian-based Ascot Group Ltd has agreed to sell the Property and Casualty managing general underwriters owned by Ethos Specialty Insurance LLC to Ryan Specialty, the international specialty insuran…

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

Brit Ltd has appointed industry veteran Jonathan Stephenson as head of Office, Bermuda, to lead the organisation’s expansion plans on-island.
Brit Reinsurance (Bermuda) Ltd is a Class 3B insurer licen…

Victoria Cunningham has been appointed as executive director of the Bermuda Foundation for Insurance Studies.
The organisation, which was founded in 1996 to attract Bermudian talent to the industry, s…

The Bank of NT Butterfield & Son Ltd has made three senior management appointments, including Bermudian Sean Lee, who has been appointed group head of Human Resources and joins the executive commi…

An insurance company is suing China Construction Bank for damages it claims stem from losses related to a scandal involving Israeli insurtech company Vesttoo, according to reports.
The 70-year old Chi…

Six students gained hands-on experience in the car dealership industry through a summer employment programme at Auto Solutions in Pembroke.
Chelsea Almeida, a recent Berkeley Institute honours gradua…

The Hamilton Princess and Beach Club, which opened in 1885, is a nominee finalist in two categories for the 2024 Historic Hotels Worldwide Annual Awards of Excellence.
The hotel has been nominated as …

Members of the Association of Bermuda Insurers and Reinsurers generated 2023 gross written premium of over $171 billion, up from $145 billion in 2022.
This was revealed in the association’s global und…

SiriusPoint Ltd, the Bermudian-headquartered global specialty insurer and reinsurer, has announced a new partnership with Gigasure, an insurtech start-up offering personalised travel insurance.
London…

Carey Olsen has promoted Bradley Houlston to counsel within the firm’s employment law practice in Bermuda.
The organisation said Mr Houlston has more than ten years of experience advising clients on a…

Hiscox Ltd has appointed Jane Guyett as an independent non-executive director and chairwoman of its remuneration committee, subject to regulatory approval.
The firm said Ms Guyett has more than 25 yea…

RenaissanceRe’s acquisition of Validus Re has helped catapult it into the top spot among Bermudian-headquartered companies included in a ranking of the world’s largest 50 reinsurers.
The annual list a…

An S&P Global Market Intelligence analysis has listed the head of Chubb Ltd, Evan Greenberg, as the highest-paid chief executive among US-listed property and casualty or multiline insurers, with t…

Augustus funeral home regrets to announce the death of ROBERT EUGENE DAVIS (CRUMBUG) son of the late Aurthur and elsie davis (Napier) of 15 Bradford…

We regret to announce the passing of DAVID PHILLIPSON in his 78th year; father of Kurt Phillipson and Erin Bernhard; sister to Gloria Rego (Ed) and…

A new report has highlighted the resilience of Bermuda’s long-term insurance sector against liquidity-related shocks in the current volatile global environment.
The Bermuda Monetary Authority has just…

Bermudian-based Ocean Wilsons Holdings Ltd has reported a 2024 first-half profit after tax of $38.4 million, the company reported in a filing with the Bermuda Stock Exchange.
That is a drop of $9.5 mi…

Bermudian-based Wilton Re is to reinsure $11 billion of reserves backing Prudential Financial’s guaranteed universal life policies.
Prudential said the deal advances the company’s strategic progress i…

An afternoon of science-focused content has been added to the three-day ILS Bermuda Convergence 2024 conference, at the Hamilton Princess Hotel and Beach club starting October 7.
A new third-day segme…

Let’s face it, going to school is an essential – and let’s be honest, compulsory – part of growing up. School allows children to absorb academic knowledge, learn about social interactions, foster frie…

Dear Dave,
I’m pretty responsible with finances, but my girlfriend is in a bad situation with her money and her career.
She has a huge car payment and lots of credit card debt. On top of this, it take…

Insurance industry veteran Peter Spires has joined Bermudian-based Aspen as group head of Compliance and deputy group general counsel, reporting to David Amaro, the company’s group general counsel.
Mr…

Registration has opened for an eight-week business education programme run by the Bermuda Economic Development Corporation.
Entrepreneurship 101 is designed to equip new and aspiring entrepreneurs in …

While newspapers struggle to gain young readers, a new summer internship programme at The Royal Gazette has bridged the generational divide.
This newspaper introduced four interns to journalism, givin…

An exploration stage mining company headquartered in Spokane, Washington that favours a move to Bermuda is to ask its shareholders to approve a re-domiciliation to the island.
Gold Reserve Inc, which …

Bermudian-based Enstar Group Ltd has completed the previously announced transaction between one of its wholly-owned subsidiaries with Insurance Australia Ltd, on behalf of Insurance Australia Group, f…

Six aspiring entrepreneurs have been awarded certificates at a graduation ceremony for the seventh cohort of the annual Summer Student Entrepreneur Programme presented by the Bermuda Economic Developm…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a+” (Excellent) of the operating subsidiaries of Bermudian-based Axis Capital Holdings L…

Nancy Gosling is part a growing number of Bermudians investing in property in the Azores.

She and her husband, who is from the Azores, started visiting when they married 14 years ago, and decided to …

Bermuda’s well-earned reputation as a pre-eminent offshore financial centre is due in part to its sophisticated legal framework that supports a variety of business structures.
Among the various corpor…

David White is to become head of Aviation, Axis Global Markets, on October 1.
Mr White will succeed Terry Wood, who has decided to retire at the end of September.
One of Axis’ earliest team members, t…

Kristopher Lynn has joined the Bermuda office of Lockton Re as a senior broker and practice leader for the company’s new global agriculture practice.
Nick Durant, chief executive, North America, Lockt…

Sun Global Luna, a savings-oriented non-participating whole life product is the newest addition to the portfolio of Sun Life International.
Aimed at helping high net worth clients plan for wealth acc…

Bermudian-based Allied World Assurance Company Holdings Ltd has announced a partnership with the US-based Special Operations Warrior Foundation.
Through a newly created endowment, the company said, th…

AM Best has affirmed the credit ratings of Bermudian-headquartered Global Atlantic Financial Group Ltd and its subsidiaries, including island-based affiliates Global Atlantic Re Ltd and Global Atlanti…

Relm Insurance, the Bermudian-based specialty insurance carrier supporting emerging and innovative industries, has announced that Francesca Faedi has joined the company as a senior adviser to support …

Bermudian-based Arch Capital Group Ltd has appointed Dan Houston and Neal Triplett to the company’s board of directors.
The company said Mr Houston is a seasoned executive with a wealth of experience …