Royal Gazette

After five years at Café Olé in Hamilton Parish, restaurateur Stefano Barioni is moving and rebranding, and he is taking his famous fish sandwich with him.
He finishes up at Crystal Caves on April 3 a…

Applications are open for a summer programme that has generated more than $26,700 in revenue for young Bermudian entrepreneurs.
The deadline for the Bermuda Economic Development Corporation’s summer …

Lloyd’s has released its financial results for fiscal year 2022, confirming the loss before tax of £800 million, first reported this month when the organisation released a trading update containing pr…

Jason Hayward the Economy & Labour Minister has congratulated the Bermuda Business Development Agency on holding its second annual Bermuda Risk Summit earlier this month.
A government statement re…

Applications are open for a summer programme that has generated more than $26,700 in revenue for young Bermudian entrepreneurs.
The deadline for the Bermuda Economic Development Corporation’s summer …

The RG/BSX Index remained unchanged Thursday with limited activity on the domestic board of the Bermuda Stock Exchange.
That activity involved the Bank of N.T. Butterfield Ltd. stock, with 600 bank sh…

Mosaic Insurance, the Bermudian-based global specialty insurer, has launched litigation liability coverage, offering what it says is critical financial protection to policyholders against the risk of …

An Irish insurtech company handling £10 billion worth of insurance claims in London, annually, is considering opening an office in Bermuda.
Docosoft chief executive officer Aidan O’Neill sees Bermuda …

A Gibbons Company pop-up shop featuring discounted women’s wear is to continue operating through the end of April.
The store, in the Russell Eve Building on Church Street in Hamilton, near to the cent…

Lloyd’s has released its financial results for fiscal year 2022, confirming the loss before tax of £800 million, first reported earlier this month when the organisation released a trading update conta…

The Bermuda office of KPMG has strengthened its dedicated island healthcare advisory team based on the findings of the organisation’s 2023 Healthcare Horizons report.
Based on the report, KPMG said, i…

Representatives of Bermudian-based Cool Company Ltd, the liquefied natural gas shipping company, have rung the closing bell at the New York Stock Exchange, celebrating their new listing.
On hand for t…

Allegations filed in a US District Court may cast a shadow over some of the local plans of a company hailed by the Government for a multimillion-dollar city redevelopment proposal.
Construction is sla…

The inclusion of Class A office space for lease in a new multi-storey building planned for Hamilton has been welcomed by a leading commercial realtor.
The chairwoman of the real-estate division of the…

A digital asset business wishing to obtain a licence under the Digital Asset Business Act 2018 will become acquainted with three magic words: nature, scale and complexity.
In various forms these terms…

Butterfield Bank will not adjust its base interest rates on loans and mortgages in response to Wednesday’s 25 basis point increase in the target range of the US Federal Funds Rate.
The bank said the b…

BE Solar is to host a workshop to teach professionals about design and installation methods to implement energy efficiency, solar panels and battery technology in Bermuda.
The workshop is open to memb…

The Royal Gazette/BSX Index finished unchanged on Wednesday at 2,187.54 with 5,000 shares changing hands at a value of $90,000.
The BFM Ltd traded shares finished unchanged at $18.
Meanwhile the B…

Veteran Bermudian insurance executive Brian Duperreault has joined the board of Joyn Insurance, the insurance technology company, as an independent director.
Mr Duperreault previously served as execut…

Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has promoted twelve staff in the London and Bermuda offices.
The promotions cover a range of roles from underwrit…

The latest financial statements for Bermuda reinsurer PartnerRe report a net loss to common shareholders of $1.1 billion in 2022 due to unrealised losses on fixed maturities and short term investments…

A quiet Tuesday on the Bermuda Stock Exchange left the RG/BSX Index unchanged at 2,187.54, with no stocks trading.
The Bank of N.T. Butterfield & Son Limited finished the day on the New York Stock…

Employees of One Communications, the telecommunications company, are volunteering at Meals on Wheels throughout March, helping to prepare and pack food for delivery.
The company said the initiative is…

A men’s clothing store in Hamilton is to close at the end of this month.
MenCo, on Burnaby Street, is having a closing sale with goods available for 30 to 75 per cent off.
Owner Janika Fields relocate…

The Bermuda Economic Development Corporation will offer a seminar designed for business owners, entrepreneurs, and professionals who are looking to stay ahead of the competition in a crowded marketpla…

A thriving internal development initiative is driving equity for female progression and diversity at all levels within the Apex Group.
The Bermudian-based global financial services provider said 51 wo…

If insurance executives cannot see any projected value created by an environmental, social and governance policy, maybe they need to reconsider their approach, a Bermudian climate risk expert has sai…

The rapidly growing capabilities of artificial intelligence are set to play an increasing role in the insurance industry, a leading executive has said.

Patrick Tannock is the chief executive offic…

The RG/BSX Index closed on Monday unchanged at 2,187.54 after a day of no trading on the Bermuda Stock Exchange.
On the New York Stock Exchange, the Bank of N T Butterfield & Son Ltd closed down 1…

The Association of Bermuda Insurers and Reinsurers has made changes in the leadership of its most influential committee and has expanded its working groups’ focus areas, drawing on the professional ta…

Digicel will continue as title sponsor of NOVA Mas International for the sixth consecutive year of Bermuda’s carnival celebrations.
The telecommunications company said the partnership has elevated the…

Apex Group Ltd, the Bermudian-based global financial services provider, has appointed Anthony Alfonso as global head of valuation.
In this newly created role, Mr Alfonso will be responsible for produc…

The Bermuda Monetary Authority has confirmed the appointment of Toby Mason as the next chief operating officer (COO), reporting to deputy chief executive officer, Shanna Lespere.
Through this role, th…

The fourth annual International Tech Summit, which combines discussions about the latest breakthroughs in digital assets and blockchain technology on the island and worldwide with an educational and c…

A global decline in the sale of jewellery is predicted this year by the world’s largest retailer of diamond jewellery, even though it is forecasting its sales will grow by double digits.
Signet Jewele…

March 2023 is women’s history month in the United States. We don’t have a similar celebration in Bermuda; so instead, we’ll have a brief look at women and finances along with some observation patterns…

Dear Dave,
I’ve having some problems with my parents, and I’m hoping you can help. Last summer I borrowed $2,500 from them, and it is taking me longer to pay them back than we agreed. Since the pay-ba…

The RG/BSX Index closed the week at 2,187.54, down 240.52 (10.99 per cent) after Bank of Butterfield share price plummeted $4.50 (13 per cent) on the Bermuda Stock Exchange, finishing at $30 after the…

Intangic MGA, a data science-driven, London-based cyber managing general agent, has been launched with backing from Axa XL, offering innovative new cyber insurance cover for large public corporations …

R&Q Insurance Holdings Ltd, the Bermudian-headquartered global non-life specialty insurer, has completed the sale of its 40 per cent minority holding in TPM Holdings USA LLC, the New York-based ma…

The Bermuda Monetary Authority has issued guidance notes outlining its expectations for the island’s commercial insurers and insurance groups regarding their management and reporting of climate change…

Almost $2 million in suspected cannabis has been seized, and four people arrested, in a drug bust by police and customs officers.
Officers executed warrants at a Hamilton business as well as homes in …

After 19 years running The Sportseller in the Washington Mall, Sharon Fenn is calling it a day.
The longtime entrepreneur has put the sports equipment, apparel and sneaker store up for sale.
“I am 60,…

The principals of the Bermuda Stock Exchange-listed Shore Capital Group Limited believe the collapse of Silicon Valley Bank and the associated fallout will likely turn the cycle of credit tightening t…

The Royal Gazette/BSX Index fell 9.95 per cent on Thursday, closing at 2,186.35, down 241.71 points.
A total of 33,200 shares changed hands at a value of $373,725.
Of that, 25,000 LOM Financial Limit…

Café Lido restaurant, part of the Lido complex at Elbow Beach, has reopened after a two month closure.
MEF Group said the restaurant has “a refreshed look and an exciting new menu with favourites from…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior) of Bermudian-based Arch Reinsurance Ltd and its strategic affiliates.
Co…

Bermuda companies are now able to pay their annual government fees – which are due at the end of this month – online.
A Government spokeswoman said that the yearly filings are now completely paperless…

December 2022 figures show both the sales volume and value for building material stores shot up by more than 30 per cent, when compared with December 2021.
In fact, the sales volume was nearly 80 per …

If you’ve been concerned about Bermuda’s recent dark and stormy nights, Goslings has a twist on the island’s unofficial national rum drink that may warm you up.
It is a new collection of fruit-flavour…