Royal Gazette

A Bermuda Institute student cleaned up during the Bermuda Economic Development Corporation’s Rocket Pitch competition, taking home the youth prize and the people’s choice award.

Zea Swainson, foun…

Swimwear designer DaeNyce “Keile” Rabain must have smiled when she saw her name misspelt on a winning certificate at the Bermuda Economic Development Corporation’s Rocket Pitch competition.
It still …

Hotel executives at the Hamilton Princess & Beach Club visited the Salvation Army’s North Street Citadel in Hamilton, for their annual Thanksgiving dinner service.
They distributed 200 traditional…

Bermudian-based Aspen Insurance Holdings Limited has reported net income available to common shareholders of $86 million and operating income of $79 million for the three months to September 30.
Mark …

The RG/BSX Index remained frozen at 2,144.75 points with no stocks changing hands.
The last sign of movement was on November 14.
Meanwhile, the New York Stock Exchange was closed because of the Ameri…

It is not always easy to understand a doctor’s diagnosis, particularly for those who do not have a high level of education.
In a 2022 survey of 215 people, Anglia Ruskin University found that 97.7 pe…

One of Bermuda’s most successful realtors and businessmen has warned of the need to de-shackle Bermudians from institutional restraints that have hindered their development.
Bermuda’s longest serving …

Lisa Howie fervently believes that Atlantic art is about to have its day.
“A few years ago African art was on the cusp of expansion and now the same is about to happen to Atlantic and Caribbean art,”…

One of Bermuda’s most successful realtors and businessmen has warned of the need to de-shackle Bermudians from institutional restraints that has hindered their development.
Bermuda’s longest serving P…

Clarien Bank’s 17th Annual Holiday GiveBack Campaign has just been launched in support of local feeding charity Meals on Wheels.
The charitable effort has raised more than $120,000 for Meals on Wheels…

The Bermuda Economic Development Corporation is launching ByBermuda 2.0, the revamped online marketplace, in conjunction with Global Entrepreneurship Week celebrations.
The platform helps small busine…

Golden Ocean Group Ltd, the world’s largest listed owner of large size dry bulk vessels, has declared unaudited net income of $28.7 million and earnings per share of 14 cents for the third quarter of …

Bermuda’s fintech future suffered another setback with Bermuda-linked Binance agreeing to pay fines totalling $4.3 billion after the crypto exchange admitted wrongdoing in a Seattle federal court on T…

Bittrex Global, the cryptocurrency exchange with offices in Bermuda and Liechtenstein, has encouraged its customers to withdraw their assets “as soon as possible” as it plans to close up shop.
The new…

Stores are gearing up for the annual Black Friday sale – with some hosting weeks-long promotions in the run-up to the event.
Black Friday takes place on the first Friday after Thanksgiving, which is o…

The principal fact-finding agency for the US Government in labour economics and statistics has forecast the loss of some 400,000 skilled insurance industry jobs from US markets by 2026.
The United Sta…

A subsidiary of Bermudian-based Assured Guaranty has guaranteed principal and interest payments on £140 million of primary wrapped bonds issued by Heathrow Airport, Britain’s largest airport.
Assured …

Everest Insurance, a division of Bermudian-based Everest Group Ltd, has appointed Patrick Hagerty as senior vice president and head of US retail property.
Mr Hagerty is based in New York and reports t…

Bacardi Limited, the Bermudian-based international spirits company, has been ranked 18th among the world’s best workplaces.
The annual list is presented by Great Place to Work, the US-based global aut…

The volume of cargo brought to Bermuda remains 20 per cent below the island’s high-water mark in 2018, according to a firm’s financial report.
Polaris Holding Company Ltd, the parent company to Steved…

Paradise Mobile has won the Local Innovation of the Year prize at the annual Tech Awards for its telecommunications and mobile service product.
Claiming second spot in the local innovation category wa…

A Bermudian-based digital assets service provider is to play a key role in the evolution of block chain-enabled financial innovation and investment opportunities.
Zurich-based Obligate, an on-chain ca…

Eleven Stevedoring Services Limited employees have completed comprehensive port worker training.
In collaboration with the Port Management Association of the Caribbean and the Caribbean Maritime Unive…

Bacardi has launched a pop-up bar for the holiday season to offer tasting experiences of some of its most popular brands.
The 1862 Holiday Pop-Up is on the second floor of the Bermuda Visitor Services…

Aegon Ltd, the international financial services holding company that has changed its legal seat to Bermuda, has reported increased capital generation in the third quarter of the year.
Issuing a tradin…

I love Thanksgiving almost as much as I love Christmas. There’s just something about the family time, and the official kick-off to the whole holiday season that feels extra cosy and magical.
But with…

There was loud applause led by Pina Albo, chief executive officer of the Hamilton Insurance Group, as the company celebrated the launch of their initial public offering with the ringing of the bell at…

An organisation dedicated to helping the charitable sector is now accepting applications until December 4 for a course focused on the development and upscaling of non-profits.

The Non-profit Alli…

When Bermudian James Thomson started managing the Rathbone Global Opportunities Fund in London, it was worth £4 million. Twenty years later that figure has grown to £3.5 billion.
“It feels like my bab…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-based Transmonde Services Insurance Company Ltd.
The outlook …

Jason Hayward, the Minister of Economy and Labour, has encouraged the public to participate in the Global Entrepreneurship Week UnConference, which runs through Sunday at the Pier Six Complex on Front…

Brookfield Reinsurance has completed the acquisition of Argo Group International Holdings Ltd in an all-cash transaction valued at approximately $1.1 billion.
Making the announcement, Argo said Jessic…

American International Group Inc has announced that Roshan Navagamuwa will be joining the company in December and has been named EVP and chief information officer, effective January 1.
Mr Navagamuwa w…

Seven restricted SPI insurers were among 11 whose registrations were confirmed by the Bermuda Monetary Authority in October.
Hexagon IV Re Ltd, Bellemeade Re 2023-1 Ltd, Blue Ridge Re Ltd, High Point …

The Association of Bermuda Insurers and Reinsurers and EY have reaffirmed their headline sponsorship of the 2024 Bermuda Risk Summit.
Presented by the Bermuda Business Development Agency, the event wi…

Bermuda International Long Term Insurers and Reinsurers executives were in Tokyo, Japan, for the 2023 International Association of Insurance Supervisors Meeting and Global Federation of Insurance Asso…

Applications have opened for the summer internship programme at CG Insurance.
The programme is geared towards college students and recent graduates aspiring to pursue a career in the insurance industr…

Bacardi and the Department of Workforce Development have returned with another edition of their professional bartender training programme for unemployed young adults.
They are now accepting applicatio…

You could never say Kaye Spence opened thrift store Check Mate in St George on a whim.
“I thought about it for ten years,” she said.
She loves thrifting, and has found plenty of others who share her p…

Bermudian-headquartered Bacardi has been recognised by Forbes on its list of the world’s Top 400 companies for women in 2023.
The largest privately held international spirits company is ranked 329th a…

The RG/BSX Index closed on Wednesday unchanged at 2,144.75 after a day of no trading on the Bermuda Stock Exchange.
Overseas, Butterfield Bank closed up eight cents (0.28 per cent) at $28.53 on the Ne…

Bermudian-based Maiden Holdings Ltd has reported a third quarter net loss attributable to common shareholders of $3.5 million.
That compares with a net loss available to Maiden common shareholders of …

Mazars, the leading international audit, tax, and advisory firm with an office in Bermuda, is to link up with accounting powerhouse Forvis to create a new, top 10 global network that will operate unde…

The Ministry of Economy and Labour is to host a round-table discussion on Bermuda’s economic development strategy that will air live on Facebook, YouTube and CITV.
The event will take place on Monday …

A year ago speciality insurer SiriusPoint was in a dark place.
They were hugely under performing with a loss of $98.4 million by the third quarter of 2022.
“It was quite a high-risk moment for the …

Bermudian-based Axis Capital Holdings Limited has appointed John Owen as chief executive of Axis Managing Agency Limited, subject to regulatory approval.
In his new role, Mr Owen will be responsible f…

Concerns about the company’s balance sheet strength have prompted AM Best to downgrade the credit ratings of Bermudian-based 777 Re Ltd.
The agency has downgraded the financial strength rating to B (F…

The RG/BSX index shot up 243.25 points (12.9 per cent) on Tuesday to close at 2,144.75.
Three stocks traded on the Bermuda Stock Exchange, including 10,000 Argus Group shares with the price remaining …

Bermuda plays a pivotal role in closing a climate-induced protection gap experts said at the PwC Insurance Summit.
According to a Swiss Re Sigma report only 45 per cent of global economic losses due t…

Mosaic Insurance, the Bermudian-based global specialty insurer, has appointed Greg Branagan as tax underwriter, transactional liability in the company’s London office.
The company said Mr Branagan wil…