Royal Gazette

An Enstar Group Limited wholly-owned subsidiary has closed its loss portfolio transfer transaction with speciality insurance underwriter Argo Group International Holdings, Ltd, to reinsure a number of…

Bermudian-based Ariel Re has joined the local chapter of the Insurance Supper Club, an organisation supporting the retention and development of women in the insurance industry.
ISC was set up in the …

The Bermuda Chamber of Commerce “Christmas Wine Fest” at The Bermuda Society of Arts (City Hall Arts Centre) December 1 will feature Bermuda’s leading wine distributors.
Attendees can sample 36 diffe…

Valaris Limited, the Bermudian-based offshore drilling services company, has appointed Catherine J Hughes to its board of directors.
Ms Hughes will also serve on the board’s environmental, social and …

Ascot, the Bermudian-based specialty re/insurer, has appointed Jon Mosby as senior vice-president, head of Inland Marine.
Mr Mosby will be responsible for managing Ascot’s US Inland Marine portfolio a…

Strategic Risk Solutions has been named European Captive Manager of the Year.
SRS received the award in Luxembourg from Captive Review, the monthly publication that focuses on the concerns and interes…

Ben Ryan has joined Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, as a senior broker within the non-marine retrocession & property…

RenaissanceRe Holdings Ltd has promoted two long time employees to senior appointments, effective January 1.
David Marra becomes EVP, group chief underwriting officer and chief executive officer of Re…

PartnerRe today reported on the “significant industry event” that was Hurricane Ian, but said the net loss attributable to common shareholder of more than $1.5 billion for the first nine months of the…

The RG/BSX Index finished unchanged at 2,332.38, with no trading for the day on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited closed on the New York Stock Exchange down 54…

The Bermuda Monetary Authority has launched a campaign ‘Deposit It or Exchange It’ to remind the public that, from December 31, they will have one year to deposit or exchange the horizontal Bermuda do…

Bermudian-based Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a record net profit of $61 million for the three months ended September 30.
That compar…

West Hamilton Holdings Limited, the BSX-listed Bermuda property holding company, has reported net income of $948,364 (2021: $1,023,449) for the six-month period ending March 31.
In a letter to shareho…

Bermudian-based Maiden Holdings Ltd has reported a net loss attributable to common shareholders of $8.2 million for the third quarter of the year.
That compares to net income of $2.9 million in the th…

The hardening market in the reinsurance sector is the best in decades, a leading insurance executive has said.
Conduit Re executive chairman Neil Eckert made the comment as his company released its th…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of XL Bermuda Ltd (Axa XL) and its subsidiaries.
The outlook of these cre…

Everest Reinsurance, the reinsurance division of the Bermudian-based global re/insurer Everest Re Group Ltd, has announced that David Mann will join the company as vice-president, head of casualty for…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermuda captive Evergreen Insurance Company Limited, with a stable outl…

If you’re looking for positive healing vibes this holiday weekend, look no further than the Rosedon Hotel on Pitts Bay Road, Pembroke.
Entrepreneur Demeka Tacklyn has organised the two-day Holistic H…

There have already been 6,000 votes cast for the Female Entrepreneurship Award 2022, according to the organisers.
And they are hoping to exceed the 8,000 record from last year.
The annual award by WOM…

Bermuda market veteran Peter Skerlj is to join Vantage Group Holdings Ltd in February as chief risk officer, the company announced today.
Mr Skerlj will be based in Bermuda and report to Greg Hendrick…

Strategic Risk Solutions, the world’s largest independent insurance company manager, has opened a new office in Paris.
The company said new SRS offices are popping up across Europe as the demand for c…

The Hamilton Princess & Beach Club’s new director of security and emergency management, Troy Glasgow, is a former police inspector trained in crisis negotiation.
The hotel revealed on Tuesday that…

Alex Baker has been promoted to the post of group chief risk officer at Hamilton Insurance Group Ltd. as of January 1, subject to the requisite regulatory approval.
Mr Baker will report to group CEO P…

Under fire Argo Group International Holdings Ltd, the Bermudian-based underwriter of specialty insurance products, has reported a net loss attributable to common shareholders of $51.4 million for the …

Bermudian-based holding company Assured Guaranty Ltd has reported net income of $11 million in the third quarter.
That compares with net income of $17 million in the third quarter a year ago.
This yea…

Hoegh LNG Partners LP, the Bermudian-based floating liquefied natural gas service provider, has announced the resignation of John V Veech as chairman of the partnership’s board of directors.
Mr Veech …

Apollo, the independent specialist insurer and reinsurer, has entered into a partnership with Envelop Risk, who will underwrite a new class of cyber reinsurance business within Apollo Syndicate 1971, …

The Bermuda Chamber of Commerce is to present a workshop setting out solutions to Bermuda HR and payroll challenges.
The workshop, presented by Blue Bison Software Solutions chief executive officer Gr…

The RG/BSX Index plunged 104.58 (4.29 per cent) to 2,332.38, driven down by Bank of N.T. Butterfield Ltd. which closed $1.95 (5.7 per cent) lower at $32.00 after 859 shares changed hands on the Bermud…

Two subsidiaries of Bermudian-based Monument Re have completed acquisitions.
Isle of Man-based Monument International Life Assurance Company Limited has completed the acquisition of the closed book po…

White Mountains Insurance Group Ltd, the financial services holding company domiciled in Bermuda, has reported comprehensive income attributable to common shareholders of $890 million and $748 million…

The CEO of the Bermuda Business Development Agency is to promote the attributes of the island as a global climate risk finance capital at the 27th United Nations Climate Change Conference in Egypt.
Da…

Industry veteran Miranda Hunter has been appointed head of investor relations at Bermudian-based Axis Capital Holdings Limited.
Ms Hunter, who is based on the island, will be responsible for leading A…

Bermuda’s electronic communications sector has not recovered from the impact of the Covid-19 pandemic, the Regulatory Authority of Bermuda has revealed in its annual market analysis.
In 2021, the RA r…

Everest Re Group Ltd, the Bermudian-based global re/insurer, has unveiled a refreshed brand, including a new logo and visual identity.
The company said it reflects its positioning and commitment to “u…

Gross premiums written increased by 34.3 per cent year on year to $1.3 billion, Bermudian-based Lancashire Holdings Limited reported as it released its trading statement for the nine months ended Sept…

Former finance minister Curtis L. Dickinson has been appointed as executive adviser to the Bermuda International Long Term Insurers and Reinsurers.
Biltir made the announcement today as it appointed C…

Government is taking action to improve the supervisory platform for an element of international business over which the island continues to face international scrutiny.
In fact, even as new measures a…

Stablehouse, the Bermudian-based digital-assets investment platform, has announced a white label integrated digital asset and trading solution partnership with Apex Group, the island-based global fina…

Arch Capital Group, the Bermudian-based re/insurer, has joined the Standard and Poor’s 500.
The company replaced the social media platform Twitter, recently acquired by entrepreneur Elon Musk.
Shares …

Essent Group Ltd, the mortgage re/insurer based in Bermuda, has reported net income for the quarter ended September 30 of $178.1 million.
That compares to $205.4 million for the third quarter of 2021….

Bermudian-based Athora Holding Ltd has secured more than €2 billion of additional permanent equity capital commitments from new and existing shareholders, including commitments of €600 million receive…

Bermuda will be at the table for high level meetings among the world’s insurance regulators and re/insurance industry representatives this week, with structured discussions at general and private audi…

Bermudian-headquartered Hiscox Ltd, the international specialist insurer, has reported a 6.3 per cent increase in group gross premiums written for the first nine months of the year.
Hiscox Re & IL…

Voting has opened for the Female Entrepreneur of the Year Award presented by Womb Bermuda.
Womb, or Women Who Own or Manage Businesses, said voting is open until November 13.
Some 40 women have been n…

Retail sales volume declined slightly in July, dropping by 1.1 per cent compared to last year, the Ministry of Economy and Labour reported today.
That figure was arrived at after adjusting for the ret…

I don’t believe in retirement. Why should I or you? Governments and those “all-knowers” across the spectrum, say you should.
According to Mary Lou Weisman in “The History of Retirement, From Early Ma…

Christmas and money – now there’s a combination that can send anyone spiralling.
When you’re trying to take control of your money, saving for an emergency fund is a crucial part of the process. In fac…

Retail sales volume declined slightly in July, dropping by 1.1 per cent compared to last year, the Ministry of Economy and Labour reported today.
That figure was arrived at after adjusting for the ret…