Royal Gazette

Chubb has reported record investment returns and excellent underwriting contributed to the company’s best financial year ever.
It included a fourth quarter net income of $1.31 billion and core operati…

Nippon Life Insurance Company, the Osaka-based organisation that is the largest Japanese life insurance company by revenue, has agreed to invest an additional $1 billion in Resolution Life, the Bermud…

Bermudian-based International General Insurance Holdings Ltd has repurchased 2,271,775 common shares in a privately-negotiated transaction.
The shares were repurchased at a price of $8.60 per share, f…

Chubb has reported record investment returns and excellent underwriting contributed to the company’s best financial year ever.
It included a fourth quarter net income of $1.31 billion and core operati…

Nippon Life Insurance Company, the Osaka-based organisation that is the largest Japanese life insurance company by revenue, has agreed to invest an additional commitment of $1 billion in Resolution Li…

Recent cyber-risk transference by re/insurers to the capital markets through insurance-linked securities issuances led to a cat bond listing on the Bermuda Stock Exchange – the market’s first cyber ca…

SiriusPoint Ltd, the global specialty re/insurer based in Bermuda, has appointed Trecia Sigle as global head of claims effective February 6.
Ms Sigle will be responsible for the overall management and…

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has expanded into the Spanish market.
The move follows the receipt of regulatory approval from the relevant authoriti…

AM Best has withdrawn the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of XL Select Insurance Company.
The Connecticut-based company was recent…

Borr Drilling Limited, the Bermudian-based oilfield services company, has updated its preliminary revenue and operating expense guidance for 2022 and 2023.
For 2022, Borr expects to record revenues of…

Bermudian-based International General Insurance Holdings Ltd has repurchased 2,271,775 common shares in a privately-negotiated transaction.
The shares were repurchased at a price of $8.60 per share, f…

With the cost of groceries inching ever higher in Bermuda, people are desperate for a good deal.
Since opening bulk store Cost Cutters in St David’s last August, Joe and Maria DeMello have attracted b…

Danielle Riviere, a highly accomplished consultant, advocate and leader joins the Bermuda Chamber of Commerce as the new CEO, effective tomorrow.
Nathan Kowalski, BCC chairman, said: “The board sub-co…

The RG/BSX Index closed on Monday at 2,229.94, down 43.25 points (1.90 per cent) on the day.
Some 6,264 shares changed hands for a volume of $189,937 on the Bermuda Stock Exchange.
A total of 6,154 sh…

The Bermuda Economic Development Corporation is to hold a small business expo on February 11 at Willowbank Resort in Somerset.
The event, which runs from 11am until 4pm, will host 22 businesses and or…

Beyond Cancer Ltd, an exempted company registered in Bermuda, has appointed Gavin Choy as chief operating officer
Beyond Cancer, an affiliate of Beyond Air Inc, is a development-stage biopharmaceutica…

Aspen Insurance Holdings Limited, the Bermudian-based company, has announced that Mike Duffy has been appointed to the Aspen Managing Agency Limited and Aspen Insurance UK Limited boards, effective Fe…

The Bermuda International Long Term Insurers and Reinsurers organisation is encouraging young Bermudians who are interested in a career in the life and annuities industry to apply for its summer inter…

Specialty insurer Relm Insurance Ltd has announced the expansion of its strategic fronting partnership with Trisura Specialty Insurance Company, enabling the Bermudian-domiciled carrier to provide cap…

Insurance veteran Lauren Dieterich has joined Arch Insurance North America as chief operating officer.
She reports to Brian First, president of Arch Insurance North America, and will be a member of th…

The Bermuda Chamber of Commerce said today that Danielle Riviere, a highly accomplished consultant, advocate and leader, will be joining the Chamber as the new CEO, effective this Wednesday, February …

Bermuda’s oldest construction material supply company is sitting on 1 million cubic yards of provable reserves of limestone aggregate but has been denied planning permission to dig it out, its owner s…

A second supplier of materials to the construction industry is to increase the prices it charges for ready-mix concrete and concrete block.
Mike Bierman, the owner of Bierman Concrete Products Ltd, sa…

A special report from global professional services firm, Aon plc, warns: “There is no greater volatility we face – collectively – than the impacts of climate change.
“Mitigating and in some cases adap…

The Association of Bermuda International Companies recently hosted a well-attended presentation by a team from the Registrar of Companies on issues of interest to the international business community….

Conduit Holdings Limited, the parent company of Conduit Re, the pure-play global reinsurer based in Bermuda, has reported a strong start to the reinsurer’s renewal season including a huge growth to it…

Bermuda islanders have been and are still seriously challenged by global inflationary forces beyond our control, as are communities in our neighbouring countries coping with highest inflation in deca…

Dear Dave,
Earlier this month, my husband and I both were laid off from our jobs within a few days of each other. The layoffs were not our fault. The company is letting several people go as a cost-cut…

The RG/BSX Index finished the week 36.46 points (1.60 per cent) lower, dragged down by Bank of N.T. Butterfield Ltd. which fell 85 cents (2.7 per cent) for the week on a volume of 380 shares trading o…

Jane Walker has returned to Appleby as senior associate, one of two new hires just announced by the law firm.
Also new to the Bermuda office is associate Hailee Forde from New Zealand.
Ms Walker bega…

Walkers and The TLC Group will be holding a free Personal Information Protection Act webinar next week.
Melanie Fullerton, senior counsel at Walkers, and Taheera Lovell, co-founder and chief executiv…

Axa XL Insurance has appointed Marine Charbonnier as head of captives & facultative underwriting, APAC & Europe.
Mrs Charbonnier will lead Axa XL’s captive business for the APAC & Europe b…

The early bird registration price ends tomorrow, Friday, for the Bermuda Business Development Agency’s second annual Bermuda Risk Summit at the Hamilton Princess & Beach Club from March 6-8.
And h…

Seadrill Limited, the Bermudian-based offshore drilling contractor, has appointed Ana Zambelli to its board of directors.
The company said Ms Zambelli brings significant industry experience to Seadril…

SiriusPoint Ltd, the global specialty re/insurer based in Bermuda, has appointed Maddie Morris as underwriter, energy & marine liability, effective February 1.
Ms Morris, who will be based in Lond…

San Francisco-headquartered kWh Analytics, the climate insurance company, has partnered with Bermudian-based Aspen Insurance to launch a property insurance programme for renewable energy assets.
Aspen…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Bermudian-based North End Re Ltd.
The outlook of these credit ratings…

The volume of retail sales declined for the fifth consecutive month in October, although the reduction narrowed compared to the previous four months.
The Retail Sales Index showed that the value of r…

Bermudian-based Axis Capital Holdings Limited has reported fourth quarter net income of $41 million (2021: $197 million) and overall net income for 2022 of $193 million (2021: $588 million).
The incom…

Rising costs will shutter some planned construction projects and threaten industry jobs, as officials continue to seek a way around troubling times.
Other planned projects are up for re-evaluation, co…

The Royal Gazette/BSX Index was unchanged on Wednesday, closing at 2273.19.
Meanwhile, Butterfield shares fell 91 cents (2.52 per cent) to $30.54 at the close of the New York Stock Exchange.

Graphic design firm SJD World has launched a subscription service to better meet the needs of clients without an in-house graphic designer.
“We are extremely excited to support our clients in a more …

Dan Rance has been named head of Resilience Bermuda and global head of large accounts to help accelerate delivery of the Cyber Resilience solution for large enterprise customers.
Resilience is the ne…

Rum drinkers in the United Kingdom can now purchase one of the island’s favourite tipples in a major supermarket.
Waitrose has begun to sell Gosling Brothers’ iconic dark ‘n stormy in a ready-to-drink…

When the world went into lockdown in March 2022, many people saw it as an opportunity to re-evaluate their lives.
So many people left their jobs to enter a new career or create their own business that…

HSCM Ventures has participated in a $25 million funding round by Dayforward, the US-based digital life insurance company.
The round was led by Axa Venture Partners, with participation from existing in…

The Royal Gazette/BSX Index fell 1.58 per cent on Tuesday to close on 2,273.19.
The Bank of NT Butterfield & Son fell 40 cents (1.26 per cent) on the NYSE to close on $31.33, as 100 of its shares …

Everest Insurance, the primary insurance division of Bermudian-based Everest Re Group, has appointed Timothy Powell as head of financial lines.
Based in London, Mr Powell will report to Adam Clifford,…

Thomas F Motamed, a director of American International Group Inc since January 2019, is retiring from the company’s board of directors for health reasons.
“On behalf of the board of directors, I want …

HSCM Ventures has participated in a $25 million funding round by Dayforward, the US-based digital life insurance company.
The round was led by Axa Venture Partners, with participation from existing in…