Royal Gazette

The spectacular collapse of FTX Trading in the Bahamas could have never happened in Bermuda, the Premier told an international audience at the fourth annual International Tech Summit.
David Burt said:…

Bermuda must practise what it preaches when it seeks to attract new businesses to the island, a panellist told an international audience at the International Tech Summit.
Kevin Richards is the managin…

Arch Insurance, part of Bermudian-based Arch Capital Group Ltd, has acquired Thimble, the insurtech platform for small business customers and agents.
Thimble enables small businesses to quickly get in…

Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, is to be acquired by Brookfield Infrastructure in a $13.3 billion take-private transaction.
J…

One Communications has expanded its product range of Apple products in their newly designed, Church Street retail store, the company said in a statement.
One Comm previously just sold the popular ipho…

Emerging artificial intelligence technology such as ChatGPT could hold many benefits for society, but could also pose a threat to personal privacy, according to panellists at the International Tech Su…

Prices of cryptocurrency may be down from their all-time highs but the next bull run has already begun, a panellist told an audience at the fourth annual International Tech Summit at the Hamilton Prin…

Some Butterfield Bank customers remain in limbo with business workers complaining they still can’t get consistent access to their online accounts.
Commenters in different online forums took a swing at…

Sail Bermuda Charters, the luxury charter sailing company, has merged with Native Spirit Charters, and its owners Jono and Chiara Dill, continuing as Sail Bermuda Charters Ltd.
A statement from the co…

WASHINGTON (AP) — The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big Ameri…

An artificial intelligence chatbot is to be among the panellists at the International Tech Summit, which kicks off on Tuesday.
ChatGPT4, which was developed by OpenAI, will feature on the panel “AI Un…

The RG/BSX Index closed unchanged on Monday at 2,079.17 with no trading on the Bermuda Stock Exchange.
Overseas, the Bank of NT Butterfield & Son Ltd closed down 15 cents (0.58 per cent) at $25.75…

Island Boat Club is to open a second location in the East End on May 1.
Members will be able to depart from the current locale at Carolina Bay in Sandys, or from the new venue at Boat Port, St George’…

Butterfield Bank said today in a statement e-mailed to customers that the upgrade to banking systems over the long weekend had been completed successfully and Butterfield Online was ready for use imme…

Business leaders are facing unprecedented disruption and uncertainty, according to a consultancy survey.
The survey reports that nine out of ten organisations have reported multiple major disruptions….

The future direction of Bermuda’s oldest funeral home is in question. If it is to fully re-open again has not yet been determined.
Decisions on next steps will be made in coming weeks, after almost no…

A year after the Bermuda-based programme management and legacy acquisition specialist Randall & Quilter Investment Holdings Ltd. agreed to be purchased by shareholder Brickell PC Insurance Holding…

Hudson Structured Capital Management and Breyer Capital have led a $12 million Series A fundraise for Forme Financial, which announced today that it has officially launched out of beta as Earned.
This…

Markel Corporation has appointed Richie Henry as chief operating officer, claims.
In his new role, Mr Henry will oversee all the North America claims operations including claims administration, data a…

Seadrill Limited, the Bermudian-based offshore drilling company, has reported an operating loss of $7 million for the fourth quarter of 2022.
That compares with an operating profit of $20 million in t…

Enstar Group Limited subsidiaries have closed a Loss Portfolio Transfer transaction with certain subsidiaries of QBE Insurance Group Limited on a diversified portfolio of business, covering Internatio…

Strategic Risk Solutions, the world’s largest independent insurance company manager, has appointed Ron Sulisz to the role of president of the global firm, effective May 15.
He will report to Brady You…

Bermudian-based holding company Assured Guaranty Ltd has entered into a wide-ranging agreement with Sound Point Capital Management LP, the US-headquartered alternative asset management firm, that it s…

Kin Interinsurance Network has secured a second reinsurance agreement with the newly established special purpose Bermuda insurer Hestia Re., that will cover indemnity-based losses resulting from signi…

Easter – a time for renewal, reflections on living, celebration of new life (such as the 18 cahow chicks born on Nonsuch Island), remembrances, and gratitude for community coming together during Covid…

Dear Dave,
I’m thinking more seriously about buying a home in the next year or so. It seems like the housing market has cooled off a bit, so I am also planning to get a secured credit card to help me …

A veteran kite maker has added some Bermudian flair to a Hamilton retailer in time for Good Friday.
Joe Bento, 69, has been making traditional Bermudian kites since his childhood.
In the early 1970s, …

BlockFi International, the Bermudian-based fintech firm, is suing a former client for more than $800,000 for what it claims is non-payment of a series of loans.
The proceedings against Druk Holding an…

Erin Cardoso’s handcrafted dog collar business, Cavello Bay Designs, grew out of a need to scratch an itch.
Her English bulldog Bella was prone to skin irritation that was exacerbated by typical dog c…

DeNexus Inc, the provider of second-generation cyber risk modeling for industrial organizations, global (re)insurers and investors in insurance-linked securities has launched Version 5.3 of its DeRISK…

One Communications, the telecommunications company, has donated Good Friday meals and Easter baskets to the Coalition for the Protection of Children.
One said the donation of a dozen fishcakes and hot…

David Burt, the Premier and Finance Minister, has reported he faced “intense political pressure” before FTX’s collapse because it was a Bahamas and not a Bermuda company.
Mr Burt was interviewed by a …

Bermudian entrepreneur Hayley Evans has an eye for a gap in the market.
The operator of Island Fresh – the meal box delivery company – is now the local agent for Scimitar Sports, the UK-based custom t…

The fourth annual International Tech Summit in Bermuda is an opportunity to build bridges, an event organiser said today.
Sean Stapley is a partner and head of ventures at Penrose Partners, the global…

The RG/BSX Index closed unchanged on Tuesday at 2,079.17.
Some 13,400 shares of BF&M Ltd changed hands for a turnover of $268,000 on the Bermuda Stock Exchange. The stock closed unchanged at $20.
…

The board of R&Q Insurance Holdings Ltd, the Bermudian-headquartered global non-life specialty insurer, is reviewing strategic options to separate its programme management business, Accredited, an…

An American insurance organisation has launched a new product with the support of two Bermudian-based companies.
Amwins Access, a nationwide binding and brokerage platform for small P&C and person…

Darag Group, the international legacy acquirer, has concluded an agreement between an undisclosed Cayman-based captive company and its Bermudian insurance carrier, Darag Bermuda Ltd.
The transaction s…

Vantage Group Holdings Ltd, the Bermudian-based re/insurer, has appointed Denise Watkins as head of excess casualty and Bermuda healthcare, pending immigration approval.
Ms Watkins will be based on th…

Bermudian-based Sompo International has expanded its operations in Switzerland with the granting of a Swiss insurance branch licence to write primary insurance by the Swiss Financial Market Supervisor…

Reinsurance buyers were unable to avoid the variable but universal price corrections driving rates up at the April 1 renewals, according to the latest 1st View renewals report from Gallagher Re, the g…

Terry Fray is celebrating a quarter-century as a business owner, thanks in part to some sage advice from his father.
Mr Fray enjoyed a career in the Royal Bermuda Regiment – and while serving, was gea…

Law firm Conyers has promoted David Stubbs to counsel in the Corporate department of the Bermuda office.
In addition, the firm announced new local senior associates, including Andrew Barnes, Alexis Ha…

Vendors seeking to participate in Harbour Nights from the beginning of the season now have until April 10 to apply.
The Bermuda Chamber of Commerce said it has pushed the application deadline back by …

Senior financial services executive Reeva Bakhshi has joined the leadership team of Bermudian-based Mosaic Insurance, as part of a strategic development of the specialty insurer’s corporate division.
…

Clarien Bank Limited is to expand its platform after signing an agreement to acquire Omnium Trust Company Limited and Omnium Corporate Services Limited, a boutique practice offering trust and corporat…

Bermudian-based Fortitude Re has closed two reinsurance transactions with leading Japanese life insurance companies.
Both block reinsurance deals, executed through one of Fortitude Re’s Bermudian-base…

James River Group Holdings Ltd, the insurance holding company based in Bermuda, has appointed Todd Sutherland as senior vice president of underwriting, management liability.
In a newly created role, M…

The pace of rapidly developing artificial intelligence will be transformative for a Bermudian’s effort to bring better healthcare to the world.
And the development of the CariGenetics Group, the Bermu…

In a filing with the Bermuda Stock Exchange, BF&M Limited advised of the appointment of Anthony Joaquin as group chairman of the board of directors of BF&M Limited.
Mr Joaquin has served on th…