Royal Gazette

Global programme manager, Accredited Insurance Holdings has appointed Neil McConachie as chief risk and capital officer.
He takes office October 14, based in Accredited’s London office and reporting …

The RG/BSX Index remained unchanged at 2,510.96 after a day of no trading on the Bermuda Stock Exchange.
Butterfield Bank rose six cents (0.16 per cent) to $36.98 at the close of the New York Stock Ex…

AM Best has affirmed the financial strength ratings of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of StarStone Insurance Bermuda Ltd and its subsidiary, StarStone Insur…

Mark Flanagan has been appointed to the new role of head of Property & Casualty, Bermuda, at Axa XL.
His responsibilities include leading the Bermuda P&C underwriting team with a focus on grow…

A leading ocean and air freight rate benchmarking and market analytics platform is warning that ripple effects of strike action at ports on the US East and Gulf coasts will cause severe supply chain d…

Carey Olsen Bermuda Limited partner Steven Rees Davies has been recognised as one of Bermuda’s leading practitioners for Fintech and Blockchain by Who’s Who Legal for the second year running.
The law …

Acrisure has opened a new location in Hamilton to focus on wholesale insurance broking for its global clients.
This new capability complements current reinsurance and specialist MGA facilities and wi…

Spurred on by record sea temperatures in the Gulf of Mexico, Tropical Storm Helene this morning mushroomed into a hurricane and is expected to continue to grow into a massive storm before slamming int…

Bermuda plays a key role in closing the global insurance protection gap by boosting the overall capacity in the life insurance market, the chief risk officer at Aegon Ltd has said.
Swiss Re estimated …

New life is being breathed into a body formed to broaden Bermuda’s tax base and make the system fairer.
Its purpose was to examine the tax system and determine what could be done to ensure it is equi…

As the world enters the age of artificial intelligence, the legal profession is once again faced with balancing two crucial elements of the administration of justice: efficiency v effectiveness.
This …

The island’s largest grocery retailer, The MarketPlace, said tonight it has proactively implemented comprehensive plans to safeguard its operations and customer service in light of a potential strike …

The RG/BSX Index rose 2.15 or 0.09 per cent to close at 2510.96 today, after trading of 22,200 shares on the Bermuda Stock Exchange, valued at $332,700.
Bank of Butterfield closed unchanged at $36 aft…

Spurred on by record sea temperatures in the Gulf of Mexico, the Tropical Storm Helene this morning mushroomed into a hurricane and is expected to continue to grow into a massive storm before slamming…

Bermuda was among three countries welcomed as an associate by the Global Cross-Border Privacy Rules Forum a month ago, after the Global Forum Assembly agreed to the membership committee’s recommendati…

Exposure growth, not climate change, has been by far the biggest driver of increasing property losses, says a leading risk modeller.
Karen Clark, a pioneer in catastrophe modelling, believes her indus…

Bermuda’s reinsurers are expected to use deferred tax accounts for provisions in Bermuda’s Corporate Income Tax Act over a rolling period, a rating agency report has said.
AM Best, in a composite revi…

AM Best has affirmed the credit ratings of the operating subsidiaries of Bermudian-based Essent Group Ltd.
The ratings agency affirmed the financial strength rating of A (Excellent) and the long-term …

The RG/BSX Index remained unchanged at 2508.81 after a day of no trading on the Bermuda Stock Exchange.
Bank of Butterfield fell 21 cents (0.56 per cent) to $37.30 at the close of the New York Stock E…

Electricity provider Belco is now seeking applicants for its 2025 apprenticeship programme.
Shaun Roberts, the company’s training and development manager, said the four-year course blends overseas and…

AM Best has affirmed the financial strength rating of B++ (Good) and the long-term issuer credit rating of “bbb” (Good) of Bermudian-based Sura Re Ltd.
The outlook of these credit ratings is stable.
T…

Bermuda legal services firm, MJM acted as lender counsel to Starwood Property Trust and GoldenTree Asset Management on the financing of the Fairmont Southampton Hotel redevelopment.
The transaction wa…

Sun Life International has been named Bermuda’s best boss, in this year’s Royal Gazette Top 10 Employer Awards, presented by PwC.
The winners were announced today during a breakfast at the Hamilton Pr…

The absence of key components in the Bermuda Government’s “sugar tax” policy affected acceptance by the general public and limited potential health impacts.
This, from one of three published papers Th…

A wide variety of workplaces made this year’s list for The RG Top 10 Bermuda Employer’s Awards, presented by PwC.
The awards are being presented this morning at the Hamilton Princess Hotel & Beach…

Bermudian Max Tetlow is rejoining the Bermuda office of Appleby as partner.
He began his legal career with Appleby in 2014 and spent four years with the firm before moving to Australia to work for a …

Samuel Resnik has been granted the 2024 EY Bermuda Gil Tucker Scholarship.
The award is valued at up to $30,000 per year until the recipient has completed the minimum educational requirements to pursu…

A privately-owned, Bermuda-headquartered managing general underwriter has completed what they called a landmark refinancing.
The Fidelis Partnership said it marks for them a further significant milest…

Sir Charles Roxburgh KCB is to become the next chairman of Lloyd’s, the organisation has announced.
The appointment of Sir Charles, who was appointed Knight Commander of the Order of the Bath (KCB) in…

Interpath, the new international financial advisory firm, continues to strengthen its suite of restructuring and advisory offerings across offshore markets by launching a Bermuda office.
Leading Bermu…

An overgrown garden inspired middle schooler Enoch Ball to start his own business. Three years ago, everyone in Enoch Ball’s house was busy. His mother, Katrina Ball, had just started a new job, while…

Advocates for improved health claim the beverage industry is engaged in a global campaign “to thwart government efforts aimed at reducing the consumption of sugary drinks”.
The Global Health Advocacy …

Sixteen years after their inception, the RG Top 10 Employer Awards, presented by PwC, are firmly established as Bermuda’s most prestigious business accolades.
Employer representatives will be on hand …

The Supreme Court of Bermuda has sanctioned a scheme of arrangement regarding the redomiciliation of Hafnia Ltd, the tanker-owning company, from the island to Singapore.
The company said a copy of the…

A surge in business e-mail compromises has placed a growing financial burden on small and medium-sized enterprises, according to a new report by NetDiligence, the cyber risk readiness and response ser…

There has been an increasing trend where couples are together and in a committed relationship but keep their finances separate and only contribute to the joint bills – with everything else remaining i…

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My husband is really excited after reading your books, and now he’s determined to start living on a budget. I love seeing this kind of passion and determination in him, but I’m not sure abo…

Carrick Group Ltd, the Bermudian-based international non-life legacy insurance business providing reinsurance and run-off solutions, has expanded its global footprint.
The company’s wholly-owned subsi…

The founders of Paradise Mobile were on hand today as the new mobile phone provider hosted a grand opening for its retail shop on Reid Street in Hamilton.
City officials joined with the company at the…

Page Grundmuller, senior vice-president at Axa XL Bermuda, will retire this month after an astounding thirty-four years of service with the company.
Page is well-known and respected within the commerc…

Running a tailoring shop for nine years, Rene Hill saw some horror-story wedding dresses come in for alterations.
“Dresses bought online can be really tacky,” said Ms Hill, of Rene Hill Originals. “A …

The Awbury Group and Polo Managing Agency Ltd have announced that Lloyd’s has granted in-principle approval for Awbury Syndicate 2025 to commence underwriting from January 1.
Awbury Syndicate 2025 is …

Next month’s Convergence 2024 will spotlight the transformative power of innovation in the insurance-linked securities market by bringing together global experts to discuss regulatory frameworks, cutt…

Convex Group executive chairman Stephen Catlin is to deliver the keynote address at the PwC Insurance Summit in November.
Registration has already opened for the event, which will be presented with th…

Bermudian-based Bacardi Ltd and The Coca-Cola Company have announced an agreement to debut Bacardi rum and Coca-Cola as a ready-to-drink pre-mixed cocktail.
The new ready-to-drink combination will be …

Paradise Mobile has invited the community to celebrate its new flagship retail space in Hamilton at a grand opening tomorrow.
The new space at 24 Reid Street in the former United Colors of Benetton lo…

A former Commanding Officer of the Royal Bermuda Regiment is to offer his leadership skills for the benefit of the private sector.
Lieutenant Colonel (Ret) Benjamin Beasley has been appointed as princ…

Insurance industry executive Christian Dunleavy has been appointed as the new chairman of the Association of Bermuda International Companies, succeeding Patrick Tannock.
Mr Dunleavy, who has more than…

Only hours after the Federal Open Market Committee said they would lower the target range for the federal funds rate by half a percentage point to 4.75 to 5 per cent, Butterfield Bank said they would …

BermudAir said today it was drawing more non-peak season visitors to the island with its latest travel offer.
As part of a limited-time promotion, those booking a BermudAir Holiday package in Septembe…