Royal Gazette

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…

HSBC Bermuda has introduced Digital Secure Key for its online banking customers, providing users with what it says is added protection against the threat of fraud.
It said customers can now benefit fr…

Former Deputy Premier and finance minister, E. T. “Bob” Richards, has moved to set the record straight on the origin of The Bermuda Infrastructure Fund, which now faces an uncertain future.
This, as q…

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…

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…

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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 …