Royal Gazette

Fitch Ratings is forecasting a bright near term future for Bermuda (re)insurers, even amid heightened catastrophe losses, inflation and economic uncertainties.
Fitch expects Bermuda (re)insurers to im…

A pilot programme that provided coaching for aspiring actuaries has recorded its first success.
Taiyana “Tai” Allen, a 24-year-old Bermudian who works as an actuarial analyst at Wilton Re, has passed …

The RG/BSX Index closed unchanged Monday at 2,309.65.
A total of 280 shares of Bank of N.T. Butterfield Ltd traded, having a value of $8,890.95. The stock closed at $31.85.
Overseas, the Bank of N.T. …

Conyers has installed director Marcello Ausenda as head of the law firm’s Bermuda corporate practice as of the beginning of the year.
Mr Ausenda took over from fellow director Charles Collis, who con…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has opened its first regional office in the United Kingdom.
The company’s office…

Distinguished Programs, the New York-headquartered national insurance programme manager, has partnered with Bermudian-based SiriusPoint Ltd to expand into environmental, construction pollution and pro…

Bermudian-based Apex Group Ltd, the global financial services provider, has announced the planned acquisition of Bank of America Custodial Services (Ireland) Limited, the Irish depositary business of …

Fitch Ratings is forecasting a bright near term future for Bermuda (re)insurers, even amid heightened catastrophe losses, inflation and economic uncertainties.
Fitch expects Bermuda (re)insurers to im…

Decades ago, the shop under the St George’s Historical Society on Featherbed Alley in St George was filled with banana-leaf dolls made by the artist Marie Gleeson.
Half a century later, the banana-lea…

The Cayman law firm HSM Chambers have said they are thrilled to hear that the Bermuda Government is taking steps to update the island’s intellectual property laws.
And they have promised to monitor de…

Aspen Insurance Holdings Limited has appointed Chris Lee as chief operating officer of the Bermuda company, Aspen Capital Markets, the alternative reinsurance arm of Aspen Capital Partners.
Mr Lee’s B…

Our increasing longevity represents probably the greatest financial challenge of our lifetimes — for all generations.
Consider this: how long do you think you will live compared to your parents?
I as…

Dear Dave,
My husband and I just heard of your plan. We are excited to learn more about money, and we have already saved up $1,000 for our beginner emergency fund. Right now, we have a problem. My fat…

The RG/BSX Index remained unchanged at 2,309.65, closing the week as it began, with another day of inactivity on the trading floor of the Bermuda Stock Exchange.
Meanwhile, the Bank of N.T. Butterfiel…

Appleby has confirmed coming layoffs at the Victoria Street law firm, one of the world’s largest offshore firms.
The move comes as observers cite concerns over the future of the economy, with forecast…

Dave Wolffe has a winning formula.
The one-time Bermuda league footballer who leveraged a lifetime journey of health and exercise into a fitness and wellness business, says it is all about enriching t…

Jamel Minors’ vegan food truck has found a permanent home on Front Street in Hamilton, after a summer spent popping up at beaches, parties and events, islandwide.
Mr Minors opened Alkaline Triangle ac…

The Bermudian-based Hub Culture made a splash at Davos Thursday during the World Economic Forum, the first full-fledged gathering in three years.
And Chance Barnett, the founder, chairman and chief st…

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Vantage Risk Ltd. (Bermuda) and its affiliates, Vantage Risk Specialt…

The RG/BSX Index was unchanged at 2,309.65 on Thursday with no trading on the Bermuda Stock Exchange continuing a seven-day streak.
Meanwhile Butterfield finished up 15 cents (0.49 per cent) at $30.58…

A fast-food restaurant in Hamilton has been sold owing to the rising costs of doing business.
FryDay’s, on the second floor of the Bermudiana Arcade on Queen Street, shut its doors for good on Saturda…

A new video game hits the shores of Bermuda.
Indie game studio Bermuda Island Games has just released the Hidden Gems of Bermuda 2 Game.
For any casual Match 3 or Candy-crush gamers, this is one you w…

The RG/BSX Index closed unchanged Wednesday at 2,309.65 with no trading on the Bermuda Stock Exchange for the sixth day in a row.
Butterfield was down 94 cents (3 per cent) at $30.43 at the close on t…

Bermuda’s entrepreneurs have been featured alongside business founders from around the world in a podcast designed and hosted by two Bermudian women.
The podcast, Resilient Entrepreneurs, aims to insp…

Arcadian Risk Capital Ltd, the Bermudian-based managing general agent and part of the “Class of 2020”, has entered into a direct and facultative property binding arrangement with Aviva Insurance Ltd U…

A newly released survey of global chief executive officers suggests one of the most pessimistic outlooks in over a decade.
The PwC Global survey found that 73 per cent of CEOs around the world, belie…

The second annual Bermuda Risk Summit, presented by the Bermuda Business Development Agency in partnership with the Association of Bermuda Insurers and Reinsurers and EY will have the theme “Innovatio…

The RG/BSX Index closed unchanged Tuesday at 2,309.65 with no trading on the Bermuda Stock Exchange for the fifth day in a row.
Meanwhile, Butterfield closed down five cents (0.16 per cent) at $31.39 …

Butterfield has announced the temporary suspension of Saturday banking, which will be out of commission until March 4.
In an email to clients, the bank said the service has been suspended “as we allow…

The programme management business of Bermudian-based R&Q Insurance Holdings Ltd, the non-life global specialty insurance company, finished 2022 with a flourish.
The company said R&Q Accredited…

Bermudian-based Apex Group Ltd, the global financial services provider, has acquired Luxembourg’s third party marketer, Alfi Partners.
Alfi promotes a selection of leading international asset manageme…

Kendaree Burgess has been appointed as the new chief operating officer of the Bermuda Business Development Agency.
Ms Burgess will officially begin at the BDA on March 6, which coincides with the firs…

The highest number of new insurance companies in almost a decade were registered by the Bermuda Monetary Authority in 2022 as the expansion of the long-term insurance sector continued, the BMA reporte…

A New York bank endorsed by the Bermudian Government to provide US banking services to Bermuda-licensed fintech companies was downgraded last week by an investment analyst to “hold” from “buy”.
The in…

A leading international online multi‐currency payment and risk management solutions provider, formed and based in Bermuda since 1998, has provided consumer pre‐authentication solutions for the online …

The Bermuda Monetary Authority confirmed the registration of 15 insurers in December, taking 2022’s total of new registrants to 84 – well above the 2021 total of 65.
It is also well ahead of 2020s tot…

The RG/BSX Index closed unchanged Monday at 2,309.65 with no trading on the Bermuda Stock Exchange.
The New York Stock Exchange was closed on Monday for the observance of Martin Luther King Jr Day.
On…

The Bermuda Foundation for Insurance Studies has hosted one of the highlights of its annual calendar – a speed networking luncheon connecting students with seasoned industry professionals.
Mentor netw…

Kendaree Burgess has been appointed as the new chief operating officer of the Bermuda Business Development Agency.
Ms Burgess will officially begin at the BDA on March 6, which coincides with the firs…

A US-based global alternative investment manager has announced the creation of Itasca Re Limited, a Bermudian-licensed Class 3B reinsurance company, to offer insurance financing solutions to buyers an…

A specialist Front Street retailer is beating the odds after watching other Hamilton shopkeepers go out of business and fearing that still more will fall this year.
“A lot of people have not made it a…

The arrival of the weekend may very well have stopped the slide of Algonquin Power & Utilities Corp. after stock of the parent of Bermuda’s sole electricity supplier, Belco, faced two price drops …

Pressures on its parent company’s balance sheet strength assessment have prompted AM Best to revise the outlook to negative from stable for Bermudian-based Canopius Re.
The same outlook revision was m…

AM Best has affirmed the credit ratings of Bermudian-based Argus Group Holdings Limited and its subsidiaries.
The ratings agency affirmed the financial strength rating of A- (Excellent) and the long-t…

Does living simply mean frugality or life energy freedom? Once a month in Moneywise, we will explore the cost of everyday living in an inflationary world.

Food! One of the four basic psychologica…

Dear Dave,
Our next-door neighbour was an older single man with no family, and my wife and I always tried to look out for him and help with things. He died recently, and in his will, he left us his ho…

The RG/BSX Index closed unchanged for the week at 2,309.65.
Bank of N.T. Butterfield Ltd. finished as it started at $31.85, after trading of 7,124 shares on the Bermuda Stock Exchange.
Insurance stoc…

Tonia Morgan has been appointed CFO, Reinsurance Bermuda at Axa XL.
Ms Morgan, who joined the company in 2018, most recently served in the role of head of finance reinsurance and alternative capital.
…

When Ryan Simpson launched discount grocery service My Beams Clubs, he thought people would beat a path to his door.
Food costs were rocketing in Bermuda. But the reality was something else.
“At firs…

A US-based holding company has announced the formation of Kindley Re Ltd, an independent, Bermudian-based Class E licensed life and annuity reinsurer.
Chicago-headquartered Kuvare Holdings is a techno…