Royal Gazette

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-based Associated Electric & Gas Insurance Services Limite…

Bermudian-based Meanwhile, the first and only life insurer with premiums in crypto currency, has launched with approximately $19 million in financing across two seed rounds.
The first was co-led by Sa…

Strategic Risk Solutions, the world’s largest independent insurance company manager, has announced that Charles “Chuck” Scherer has joined SRS Bermuda as a senior vice president – insurance linked sec…

Bermuda’s life reinsurance was a $539bn business in Bermuda in 2021 and is only projected to get stronger.
Yet, it is an area that people sometimes forget when they are making career choices, accordin…

A strongly worded letter to shareholders has been issued by the chairman of the board of BF&M Ltd., in the wake of the shock sale of more than a third of the stock of the domestic insurer to domes…

A subsidiary of Argus Group Holdings Limited has agreed to acquire a significant minority stake in BF&M Limited in a deal valued at $100 million.
Argus said Bermuda Life Insurance Company Limited …

Less than 24 hours after charging one Bermudian-linked fintech company, the US Securities and Exchange Commission has filed against a second.
The SEC charged Coinbase Inc today with operating its cryp…

American financial regulators have moved against the fintech firm that held high hopes for a Bermuda base, a firm that had promised to invest millions into the island.
The US Securities and Exchange C…

The parent company of Liberty Global, the UK communications giant, is said to be heading for a showdown with shareholders over its plan to redomicile to the island.
England’s Daily Telegraph newspaper…

Auto Solutions’ Somers Smith has been recognised by Suzuki Caribbean as one of the region’s top three sales representatives for the third time.
The 27-year-old Bermudian sales associate received the h…

The Bermuda Economic Development Corporation is seeking the services of an event planner for their Global Entrepreneurship Week conference in November. Prospective candidates have until next Monday to…

“Island Rose”, Hamilton Princess & Beach Club and Lili Bermuda’s collaborative fragrance, has been named Best Hotel Scent by Elle Magazine, which described it as a representation of what a vacatio…

Caroline Foulger has been appointed independent board and committee member for Legal & General’s Bermuda based companies.
She replaces Derek Stapley who is stepping down in April after a maximum n…

American financial regulators have moved against the fintech firm that held high hopes for a Bermuda base, a firm that had promised to invest millions into the island.
The US Securities and Exchange C…

Appleby, the international offshore law firm with an office in Bermuda, announced today on World Environment Day that it is furthering its sustainability commitment by working with London-based Planet…

After more than 60 years as a tourism ambassador on Bermuda’s waters, Nigel Prescott of the boat charter company, Tam-Marina, is calling it quits.
He is a victim of the closure of the Fairmont Southam…

STS Digital Ltd, a provider of digital asset trading solutions, has been granted a license to operate by the Bermuda Monetary Authority.
The Class T digital assets business license issued by the BMA a…

Acrisure Re, the reinsurance division of global re/insurance broker and fintech platform Acrisure, has forecast a close to normal hurricane season – but warns there is higher uncertainty in 2023 than …

The Bermuda Economic Development Corporation is to present Think Like an Entrepreneur, an in-depth course with the aim of teaching entrepreneurs how to establish goals and manage risks.
Driven by the …

The net income of the Bermuda Monetary Authority fell by more than $7.8 million last year, the Premier and Minister of Finance told the House of Assembly on Friday as he tabled the annual report of th…

June is Money and Relationships Month. In part one of this series, we look at your valuable human capital and your relationship with money.

Money: we know we need enough to feel secure as we mana…

Dear Dave,
When my wife and I got married, she had about $70,000 in savings and I had a lot of debt. We bought some property from her parents to build a home on, and she made a 20 per cent down paymen…

The RG/BSX Index closed on Friday up 0.95 points (0.05 per cent) at 2,048.51.
Ten thousand shares of Argus Group Holdings Ltd changed hands. The stock closed at $5.79, up four cents (0.7 per cent).
Fo…

Iannah Caines has been awarded the 2023 Deloitte Scholarship, which offers up to $30,000 per year for a period of either two or three years.
The annual scholarship is awarded to a Bermudian, BOTC, or…

A wholly-owned subsidiary of Bermudian-based insurer Enstar Group Limited has closed a loss portfolio transfer agreement with RACQ Insurance Limited to reinsure 80 per cent of RACQ’s motor vehicle com…

SiriusPoint Ltd, the Bermudian-based global specialty re/insurer, has appointed Bronek Masojada as chairman of its board of directors.
Mr Masojada, who joined the board on May 2, is an insurance marke…

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has announced that Glen Browne has joined the company as head of international corporate strategy.
He will report to …

A new deputy privacy commissioner has been appointed.
The Office of the Privacy Commissioner for Bermuda said Angie Farquharson brings a wealth of experience and expertise in the public service and d…

HarBSX Services Limited’s has become the Bermuda Stock Exchange’s latest listing sponsor.
James Gibbons, chair of the Harbour Group, rang the ceremonial bell on Thursday at Exchange House on Pitts Bay…

A bold initiative demonstrating leadership in the global re/insurance industry as it related to tackling climate change, has slowly been coming undone.
One by one, some of the world’s most dynamic ris…

Local retailers have been begging shoppers to ‘buy Bermuda’ for years, but the latest retail sales figures for February show they are barely paying attention.
Overseas declarations decreased 5 per cen…

The Office of the Privacy Commissioner is working with a UK-based organisation to help prepare organisations for compliance with privacy rules.
The IASME Consortium has developed governance standards …

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has announced that Mark Maritzen has joined the company as global chief underwriting officer.
Mr Maritzen is based in…

Security Associates is working with Thomas College in Maine, to extend graduate education to its employees.
The partnership offers a tuition discount for certain online graduate programmes to support …

Bermudian-based Bacardi Limited, the world’s largest privately held international spirits company, has appointed Alicia Enciso to its 13-member board of directors.
Bacardi said Ms Enciso brings more t…

Law firm Marshall Diel & Myers Limited has hired three attorneys and offered pupillage to two recent graduates as the firm continues to grow its business in Bermuda.
Sean Dunleavy and Tashae Trott…

Taxi owners have backed a call for a summit of transportation stakeholders to inform government policy.
The Bermuda Taxi Owners and Operators Association acknowledged and accepted the position taken b…

Clarien Bank senior management team members Miguel DaPonte and Jennifer Wild, have been promoted to new leadership roles.
Mr DaPonte, formerly Clarien’s senior vice-president, head of investment manag…

Four wholly-owned subsidiaries of Convex Group Limited, the Bermudian-based holding company, have been given a ratings boost by AM Best.
The ratings agency has upgraded the financial strength ratings …

Digicel+ customers will see a jump in their bill starting on July 1, the telecommunications provider announced on Wednesday.
The firm said along with this price adjustment each customer will receive a…

Professional services firm Marsh McLennan celebrated Global Volunteer Month in May with staff volunteering with two local organisations.
On May 12, about 60 Marsh employees partnered with Keep Bermud…

The RG/BSX Index was down 9.13 points (0.44 per cent) on Wednesday, closing at 2,047.55 on the Bermuda Stock Exchange.
Argus Group Holdings shares were the only traded security as the stock closed dow…

Butterfield has invited the public to view its reopened Front Street Banking Centre tonight from 7-9pm during the first Harbour Nights festival of the 2023 season to mark the building’s 100th annivers…

Palomar Holdings Inc, the parent company of island-based Palomar Specialty Reinsurance Company Bermuda Ltd, has announced the successful completion of certain reinsurance programmes incepting June 1, …

The billion-dollar acquisition of an Australian copper mine involving an investment by a Bermudian-based company is one step closer to a reality.
Metals Acquisition Corp announced that both Osisko Ber…

Former SiriusPoint chairman and CEO Sid Sankaran has been appointed managing director and group chief financial officer at FWD Group Holdings Limited, the pan-Asian life insurance business with more …

Bermuda market veteran Matthew Watson has joined Carey Olsen’s Hong Kong dispute resolution and litigation team as a partner.
Mr Watson, who was most recently a director in the litigation department o…

Andre Labonte has always been a problem solver.
So, when the president of Evolution Motors was continually asked by prospective buyers of the dealership’s electric vehicles where they were going to ch…

Emergence Limited is celebrating 40 years of delivering financial and performance management software solutions to Bermuda and international organisations.
The Bermudian-owned consulting company focu…