Royal Gazette

Digicel, the international telecommunications company with a significant presence in Bermuda, is in talks with creditors concerning $925 million in bonds coming due tomorrow that the company is unable…

Butterfield Bank closed down 11 cents at 35.89 on the New York Stock Exchange today as it dropped value on a day when many stocks rose.
Butterfield saw 150,748 shares trade as the stock continued to …

Domestic insurer Coralisle Group Ltd has opened a pharmacy to the general public.

CG Pharmacy is located at Paget Plaza in the former Clarien bank building at 161 South Road in Devonshire.
“Our go…

Everest Reinsurance, the reinsurance division of Bermudian-based Everest Re Group Ltd, has announced that Kevin Bogardus, head of business development for Asia Pacific, has been promoted to chief exec…

Harbour Nights has been extended to 15 weeks, starting on May 24 and runing through until the end of August, the Chamber of Commerce announced.
The event, a tradition for nearly three decades, will t…

With an eye on the future, the Association of Bermuda Insurers and Reinsurers is to sponsor the attendance of two Bermuda College students at next week’s Bermuda Risk Summit.
Abir said business admini…

The Bermuda International Long Term Insurers and Reinsurers organisation has thrown its support behind the Bermuda Monetary Authority’s proposed enhancements to the regulatory and supervisory regime f…

Bermuda-based Apex Group Ltd has launched a pioneering platform for monitoring the environmental, social and governance for the private markets.
Apex said its ESG Data as a Service (DaaS) platform i…

Warren Jones, who has received the lion’s share of credit for turning around docks operator Polaris Holdings Ltd, is to step down in October.
This is the latest turn in a varied career in which Mr Jo…

Warren Jones had a dream. But when it came true, it did not turn out quite the way he expected.
Long before he became CEO of Polaris Holdings, he spent 15 years as a music teacher and then went back …

A winding-up petition hearing for the beleaguered Bermudian-based crypto lender, BlockFi International Ltd, was adjourned until June 9 by Chief Justice Narinder Hargun on Friday.
The hearing was a sec…

Bermuda-headquartered re/insurer SiriusPoint chief executive Scott Egan is “confident but not complacent” about the outlook for 2023 after cutting its underwriting losses last year.
SiriusPoint repor…

Kidist Emery, the owner of Salon Pink, has joined the board of directors of Ignite Bermuda, bringing a wealth of experience and a fresh perspective to the promoter of local entrepreneurial innovators….

For many years, I have been an avid listener of the National Public Radio show How I Built This by Guy Raz.
Listening to the weekly interviews with the founders of successful companies reminds me of …

Axis Capital Holdings Limited has appointed Gabriel Galanski as head of North America property and casualty programmes.
Mr Galanski, formerly with Macquarie Insurance Facility, will be responsible fo…

Bermudian-based Assured Guaranty Ltd has established a new indirect subsidiary, AG Analytics, that is developing a new municipal fintech platform for asset management firms, banks, insurance companies…

A few weeks ago, I asked for personal feedback again from local families on what their costs added up to in a monthly Bermuda budget.
A few brave souls contributed numbers along with some very insight…

Dear Dave,
I’m an anaesthesiologist, and I make between $260,000 and $270,000 a year. My wife is a stay-at-home mom who takes care of our preschool-age kids. We have about $50,000 in a retirement fund…

Friday was a quiet day on the Bermuda Stock Exchange, but the RG/BSX Index fell 20.08 points (0.79) for the week to 2,533.66.
The index was nudged lower after BF&M Ltd. fell $2.20 (10.9 per cent) …

Two years after its launch, things are going exactly to plan for Mosaic Insurance, the Bermudian-based specialty carrier backed by private-equity firm Golden Gate Capital.
The company writes seven spe…

The value of absent insurance is so high, insurance companies are leaving a trillion dollars worth of business on the table that could be worth tens of billions of new profit, an industry report has d…

Two Diversity Equity and Inclusion Trailblazers will be honoured at the second annual Bermuda Risk Summit.
Cheryl Ann Lister, Acting Financial Secretary, Government of Bermuda and Chlora Lindley-Myers…

The Bank of N.T. Butterfield & Son Limited rose 30 cents (0.83 per cent) to $36.55 on the New York Stock Exchange.

Conyers has advised clients they should check to see if they fall within the scope of entities now included by an amendment to the Investment Business Act.
The alert notes that fundamental changes we…

Conduit Holdings Limited, the holding company of Conduit Re, has preliminarily declared a total comprehensive loss of $89.7 million for the financial year to December 31.
Conduit Re is the pure-play r…

The board of directors of Bermuda-domiciled financial services holding company White Mountains Insurance Group, Ltd. has elected Weston M. Hicks as a director of the company.
Mr Hicks was formerly the…

Digicel Business has donated high-speed, reliable Fibre X internet to X-Roads Warriors F.C. for their Warrior Park training facility in Smith’s Parish.
A statement from Digicel Business described X-Ro…

Conyers Securities (Bermuda) Limited was admitted as the 18th trading member of the Bermuda Stock Exchange Wednesday, ringing the ceremonial bell at Exchange House on Pitt’s Bay Road.
Greg Wojciechows…

The RG/BSX Index closed unchanged at 2,533.66 Wednesday, with no trading on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited slipped 33 cents (0.90 per cent) to $36.25 on the…

Bermuda recorded a $206 million surplus on current account for the third quarter, according to government figures released by the Ministry of Economy and Labour.
Details are found in the government re…

Athene Life Re Ltd., the reinsurance subsidiary of Athene Holding Ltd., donated $100,000 to Bermuda charities last year, as part of Athene’s ongoing commitment to giving back to the community where em…

Bermuda is best placed working on a future tax framework centred around the corporate global minimum tax, but could very well have to wait as two related initiatives play out at the UN and the OECD, H…

One of Enstar Group Limited’s wholly-owned subsidiaries has signed a loss portfolio transfer agreement with RACQ Insurance Limited to reinsure 80 per cent of RACQ’s motor vehicle compulsory third par…

KPMG chief executive officer James Berry is urging companies to ready themselves for geopolitical and economic challenges this year, while still anticipating long-term global growth.
Mr Berry was spea…

Bermuda-based Global financial services provider Apex Group Ltd has appointed Pamela Goldminz as head of their Dallas office.
Following organic growth and acquisitions in the Texas market, Apex Group …

Fitch Ratings has affirmed the ratings of RenaissanceRe Holdings Ltd. and its subsidiaries, including the Insurer Financial Strength rating of Renaissance Reinsurance Ltd. at ‘A+’ (Strong) and RNR’s s…

Long time analyst Stefan Holzberger will participate in a rating agency panel discussion on global financial conditions during the Bermuda Risk Summit.
The chief rating officer for AM Best, Stefan Hol…

Dear Sir,
As a financial professional who has worked in Bermuda, the Cayman Islands and the British Virgin Islands, inter alia, since the increased anti-money laundering and antiterrorism financing la…

MS Reinsurance, the Swiss global reinsurer with underwriting offices in Bermuda and three other cities, intends to innovate the business by enhancing operations.
To do that the company is appointing f…

Lawyers at Carey Olsen’s Bermuda office are among 20 in three of the firm’s locations (British Virgin Islands and Cayman Islands) who have received individual recognition in the latest edition of the …

The Regulatory Authority of Bermuda issued a statement in an attempt to make it clear that environmental emissions do not come under their purview.
The authority referred to “recent public assertions”…

The Bermuda chapter of ISACA will be host a panel discussion on privacy and data protection entitled Privacy in Bermuda and Beyond: Are We Ready for PIPA?

The event will beheld at the organisation’s …

Inspired, a hub being built to inspire and empower entrepreneurs, is launching membership Thursday, after opening the new Social Media Basics Bootcamp, today.
The bootcamp offers support and resources…

International business has warned government that cost increases announced in the budget could have damaging “repercussions” for investment in Bermuda.
Christopher Schaper, deputy chairman of the Ass…

BF&M Limited has launched the BF&M Postgraduate John Wight Scholarship, in honour of former chairman and CEO, John Wight.
Abigail Clifford, group president and CEO said: “At BF&M, we belie…

YouTube “professionals” are a growing headache for veteran hair stylist Yvonne Amelia Heath.
She manages Seven Perfection in Hair and Beauty Salon at 12 Court Street, with owner Christine Downer. The …

A new government report reflects a Bermuda economy, struggling to shake off decades of tourism decline and the more recent global pandemic, saved only through the broadening growth of international bu…

A Government plan to remove restrictions on the purchasers of properties in Hamilton that are part of approved residential schemes has received the backing of a leading realtor.
David Burt, the Premie…

Bermudian-based Golden Ocean Group Limited will soon become the world’s largest publicly-listed dry bulk company in terms of deadweight tonnage.
The company has entered into an agreement to acquire si…

Bermudian-based insurer Enstar Group Limited has announced that its wholly-owned subsidiaries have reached an agreement for a ground-up loss portfolio transfer with certain subsidiaries of QBE Insuran…