Royal Gazette

Seven major insurance groups have been targeted by the United States Senate Committee on the Budget, which has launched an inquiry into how the industry supports the expansion of fossil fuel programme…

Bermudian Brian Steinhoff has been appointed as senior vice-president, property catastrophe, of Vantage Risk Ltd.
Mr Steinhoff, who is based on the island, will report to Peta White, president of Vant…

Bermudian-based Aspen Insurance Holdings Limited has appointed John Welch as chief underwriting officer, reinsurance.
The company said Mr Welch, who takes up the post on June 26, has more than 30 year…

The RG/BSX Index closed on Tuesday at 2,179.74, up 80.45 points (3.83 per cent) on an active day of trading.
Five thousand shares in LOM Financial Limited changed hands. The stock closed at $5.10.
The…

The insurance industry can have a profound impact on climate outcomes, an executive with a global environmental organisation has said.
Slav Gatchev, managing director for sustainable debt at the Arlin…

Everest Reinsurance, the reinsurance division of Bermudian-based Everest Re Group Ltd, has announced that Trevor Gallagher has joined the company as head of US Facultative, reporting to Anthony Izzo, …

Two powerhouse members of Bermuda’s construction industry have consolidated under the umbrella of Forte Building Group Ltd – and have launched Builders Depot, a new specialty supply store for the comm…

The redevelopment of an underdeveloped portion of the City of Hamilton, could mean a significant transformation for the area over time.
But it will come only as property and commercial owners join wit…

The Graphic Design Showcase 2023 is set to open its doors on June 23 at the Bermuda Society of Arts.
The event brings together students, freelance designers, local design studios, and advertising age…

The redevelopment of an underdeveloped portion of the City of Hamilton, could mean a significant transformation for the area over time.
But it will only come as property and commercial owners join wit…

A number of parties have expressed interest in purchasing Accredited, the programme management business of Bermudian-based R&Q Insurance Holdings Ltd.
R&Q said it has received all necessary ap…

The Association of Bermuda International Companies is to present a free workshop on Friday on the topic of neurodiversity in the workplace.
The event will be facilitated by Julia Harper, a therapist, …

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has announced that Bruno Laval will join the company as chief commercial officer for its international division, effe…

Brookfield, the giant Canadian company about to change the face of the City of Hamilton with a massive redevelopment, is facing scrutiny in London over its Bermuda tax practices.
A new report from the…

Teaching international business at Albany Law School in New York, Bermudian lawyer Cheryl Packwood was annoyed when she saw Bermuda listed as a “tax haven” in her textbooks.
“They depict international…

Economic pressure has forced the closure of the amusement and recreational facility Xtreme Sports Fun Zone in St David’s.
Operators have posted a notice informing customers they will permanently close…

A US Securities and Exchange Commission official has reiterated why digital-asset companies will face a hard road trying to argue that digital assets should not be regulated under securities laws.
He …

Premium tour-charter boats, used nearly exclusively for hotel convention group business in the past, are also available this season for local groups and potentially cruise visitors, the owner of Tam-M…

Bermudian-based Axis Capital Holdings Limited has appointed Lori Bailey as global head of growth in the global cyber and technology division.
She reports to Dan Trueman, the global head of cyber and t…

Cox Hallett Wilkinson has appointed three new attorneys to its growing firm.
Tariq Mahmood has joined the litigation team as counsel, Fiona Bada has joined the corporate team as counsel and Helen McIn…

Bermudian-based Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, has reported a dramatic increase in GAAP operating income for the first quarter of fiscal year 2024.
Announc…

Ollie L Sherman Jr is tipped to replace J Adam Abram as the non-executive chairman of Bermudian-based James River Group Holdings Ltd.
The company said Mr Abram, a founder and former chief executive of…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Bermudian-based Through Transport Mutual Insurance Association Limite…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has appointed veteran industry executive Monica Cramér Manhem to its subsidiary …

Money is a consistent, persistent, necessary, and an all-too-often consuming pattern of litany in our lives.
It has existed as a medium of exchange with us, between us, around us in various formats, i…

Dear Dave,
My employer offers an employee stock purchase plan at a 15 per cent discount. I’m usually the kind of guy who buys stocks and holds on to them for ever. But when it comes to an opportunity …

The RG/BSX Index closed on Friday at 2,096.91, up 40.22 points (1.96 per cent) on the day.
One hundred shares in Bank of NT Butterfield Ltd changed hands for a turnover of $2,750. The stock closed at …

A US Securities and Exchange Commission official has reiterated why digital asset companies will face a hard road trying to argue that digital assets should not be regulated under securities laws.
He …

Since opening three years ago, seafood restaurant Aurora at the Newstead Belmont Hills Golf Resort and Spa has been going from strength to strength.
The MEF Ltd restaurant in Paget won Best of Bermuda…

Lloyds Banking Group has taken control of the Bermuda company that owns the Telegraph Media Group, it has been reported.
Meanwhile, The Times has said that AlixPartners has been appointed as receiver …

Although the Covid-19 pandemic cost the Cayman Islands Government two years of fiscal deficits — 2.1 per cent and 2.4 per cent of gross domestic product in 2020 and 2021, respectively — fiscal balance…

Lloyds Banking Group has taken control of the Bermuda company which owns the Telegraph Media Group, it has been reported.
Meanwhile, The Times has said AlixPartners has been appointed as receiver to B…

A group of 17 US property/casualty reinsurers wrote $27.3 billion of net premiums during the first three months of 2023, up from $24.6 billion for the same period in 2022.
A survey of reinsurers’ stat…

The RG/BSX Index was down 0.95 points (0.05 per cent) on Thursday finishing at 2056.68 with 6,925 shares trading on the Bermuda Stock Exchange.
Argus moved 1,925 shares, finishing at $5.75, down 4 cen…

A New York bank’s Bermuda insurer is one of two captive insurance companies with excellent credit ratings that have again been attested to by global rating agency AM Best.
Best affirmed the financial …

True Green Capital Management has selected The Apex Group to provide fund administration and investor reporting solutions for its Fund IV.
“Apex Group came highly recommended for their exceptional cli…

Fitch Ratings has affirmed Enstar Group Limited’s long-term issuer default rating at ‘BBB+’, senior unsecured notes at ‘BBB’, senior shelf registration at ‘BBB’ and preference shares at ‘BBB-’.
The ra…

Mosaic Insurance and Safe Security have launched an incentive to get clients with broader coverage and premium rating, credits of up to 30 per cent for sharing cutting-edge assessments of their cyber-…

Boutique brokerage McGill and Partners has offices worldwide, but cannot become the “go-to” place for complex risk without a presence in Bermuda.
This is the view of Kate Vacher, McGill and Partners …

The RG/BSX Index finished unchanged at 2057.54, on Wednesday, in the absence of trading on the Bermuda Stock Exchange.
Meanwhile the Bank of N T Butterfield & Son was up 70 cents (2.51 per cent) o…

The house that Brian Duperreault built could be on the market, valued at $2 billion.
Hamilton Insurance Group, which Mr Duperreault founded in 2013, is considering strategic options, including a possi…

Apex Group Ltd has entered into a three-year sponsorship deal with SailGP to accelerate gender equity and sustainability in sport.
The Bermudian-based global financial services provider said it become…

The US Securities and Exchange Commission has taken the final step in fulfilling a Congressional mandate to reduce reliance on, and references to, credit ratings in agency regulations.
In the Dodd-Fra…

Property speciality re/insurer IQUW has appointed Edward Noonan, the former Validus chairman and chief executive officer, as an independent non-executive director to the IQUW Holdings Bermuda board.
M…

John Fowle is to step down from his role as group CEO of Chaucer, the international specialty re/insurance group with a presence in Bermuda.
Mr Fowle joined Chaucer in 2002 and was appointed CEO in 20…

Axa XL has appointed Renaud Guidée as chief executive officer, Reinsurance, effective September 1.
Mr Guidée assumes the role from Nancy Bewlay, who has been appointed group chief underwriting officer…

The Opposition leader believes actions taken by the SEC against Binance and Coinbase raise significant concerns about Bermuda’s sterling reputation, especially considering its support for the cryptocu…

Kieran Bowling has joined Willis (Bermuda) Limited as senior broker in the property line of business.
Mr Bowling is a seasoned property broker, experienced in managing and placing large and complex an…

The Bermuda Business Development Agency is promoting the island’s burgeoning fintech sector this week at the Money 20/20 Europe conference in Amsterdam.
Money 20/20 Europe focuses primarily on the fut…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has appointed Claire Cordell as non-executive director, chairwoman of the audit …