Royal Gazette

Markel, the insurance operation within Markel Group Inc, has appointed Andrew Umphress as the head of terrorism for North America.
The company said the appointment signals Markel’s commitment to broad…

Fidelis MGU, the privately-owned, Bermudian-based managing general underwriter, has strengthened its underwriting team with three key promotions at the senior executive level.
Richard Coulson has been…

A rundown commercial building on Pitts Bay Road in Pembroke is to be knocked down.
Daina Outerbridge, a director of the company that owns the Outerbridge Building, said: “It is absolutely going to be …

Ahead of the annual Rendez-Vous de Septembre industry gathering in Monte Carlo, a new report says that total capital set aside to back reinsurance risks has declined for the first time in more than te…

The RG/BSX Index closed on Monday unchanged at 2,217.47.
Some 25,200 shares in Argus Group Holdings Ltd changed hands on the Bermuda Stock Exchange. The stock closed unchanged at $6.
Some 2,800 shares…

Two young Bermudians gained valuable work experience during a summer internship programme at Auto Solutions, the Pembroke vehicle dealership.
The company said Amari Stewart and Jahkeel Smith gained ha…

Credora, the San Francisco-headquartered lending and credit intelligence infrastructure provider, has been granted a Class M digital asset business licence by the Bermuda Monetary Authority.
The compa…

Everest Insurance, the insurance division of Bermudian-based Everest Group Ltd, has appointed Melissa McDermott as global chief actuary.
The company said Ms McDermott joins Everest’s experienced leade…

The Economic Development Department’s second fintech education programme has yielded eight Bermudian graduates after six weeks of intensive training.
They received their certificates of achievement at…

A café in St George that sold fresh juices and healthy food has closed. Ital Juice Café was opened by Kyra-Lee and Jamal Woodley in July last year.
The York Street café was an outgrowth of the couple’…

A Bermuda financial services investment firm has submitted a binding proposal to take over an Australian diversified financial services company that provides funding solutions for small to medium busi…

This MOC column is the third in our series dedicated to sharing “Lessons from Lasso”. These are examples from the series Ted Lasso that resonated with me as I watched the episodes unfold – and which I…

Two insurance industry veterans with strong Bermuda connections have joined the global advisory board of Cytora, the London-headquartered insurtech.
Bronek Masojada, chairman of SiriusPoint and former…

Coldwell Banker Bermuda Realty agent John Edwards has completed the Luxury Home Marketing training offered by The Institute for Luxury Home Marketing, joining four of his colleagues at Bermuda Realty …

The $13 billion sale of Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, is a step closer to completion.
The shareholders of Triton have voted…

Many thanks to all readers who provided commentary on part one of the three-part feature on the Bermuda Government’s plans to consider imposing a corporate tax for the first time. You very kindly almo…

Dear Dave,
I own a small residential tree service company. Last year we made a little over $300,000 in revenue, and this year we’re on track to make around $750,000. We have five employees, and one of…

Two young Bermudians have completed a first-ever summer internship at The Bermuda Stock Exchange.
Blair Blakeney and Ellen Butterfield spent eight weeks immersed in the workings of the BSX as data ana…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of StarStone Insurance Bermuda Limited and its subsidiary, StarStone Ins…

Bermudian-based Everest Group Ltd has appointed Charlie Higham as senior vice-president and head of Everest Underwriting Partners.
The company said he succeeds Brian Drum who will retire from Everest …

Bouchêe, the popular French bistro in Pembroke, is to close its doors for good on September 10.
The restaurant, located in the Outerbridge Building at 75 Pitts Bay Road, has long been a mainstay of Be…

A Bermuda long-term insurer in the non-US private placement life insurance market has been hit with a regulatory fine of about $900,000.
The Bermuda Monetary Authority said Thursday night it has impos…

Local entrepreneurs can learn more about establishing goals and managing risks through an innovative, international programme, first introduced to the island in 2015.

Think like an Entrepreneur is…

The RG/BSX Index closed on Thursday at 2,219.85, down 0.12 points (0.01 per cent).
Some 1,400 shares in Devonshire Industries Ltd changed hands for a total turnover of $6,650 on the Bermuda Stock Exch…

Bermuda insurance industry representatives used a recent meeting of the National Association of Insurance Commissioners to network with American regulators.
The Bermuda International Long Term Insurer…

Bermudian-based Axis Capital Holdings Limited has announced the launch of an Inland Marine unit in North America as part of the company’s expansion of its specialty product offering and capabilities i…

Walkers Bermuda is hosting six interns this summer they say are exceptional, and who are significantly contributing to the firm’s mission and goals, while showcasing talent, dedication and commitment….

Bermudian-based Fortitude Re and IBM have entered into a $450 million, 10-year agreement to transform Fortitude Re’s life insurance policy servicing operations.
The transformation will be effected wit…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has appointed Angela Weiss as head of property & energy insurance for Contin…

Bermudian-based Aspen Insurance Holdings Limited has appointed Andrew Dyer as chief risk officer, Aspen UK.
Subject to regulatory approval, Mr Dyer will be based in London and will join Aspen in Novem…

Polaris Holding Company Ltd has reported a loss of $482,000 in the 2023 fiscal year ending March 31.
That compares with a profit of $1.13 million in fiscal year 2022.
Polaris is the parent company to …

Bermudian-based reinsurance group RenaissanceRe is expected to move higher in the pecking order of the world’s top reinsurance groups in next year’s listing by AM Best.
For this year, it trails Everes…

Observers forecast a market rise for cybersecurity insurance as cyber threats become more frequent and broader coverage and sector-specific policies become more common.
The evolving cyber threats and …

Bacardi Rum has been named as the first Spirits Partner of the 2023 MTV Video Music Awards.
The brand is part of the portfolio of Bermudian-based drinks giant Bacardi Limited, which has its world head…

The Bermuda Captive Network and consultant Andrew Vaucrosson have mutually decided to part ways, the organisation has announced.
BCN said: “During the past 18-month growth phase, BCN engaged with Mr A…

The RG/BSX Index closed on Wednesday unchanged at 2,219.98 on a day when there was no trading on the Bermuda Stock Exchange.
Overseas, Butterfield Bank closed up 24 cents (0.85 per cent) at $28.40 on …

Three Bermudian students have received legal education awards from law firm Marshall Diel & Myers Limited.
Zuri Harrison, Jonathan Jervis and Zamauri Hardtman are recipients of the awards this yea…

Bermudian-based Fortitude Re has appointed Ming Zhang as chief risk officer and Andrew Sooboodoo as chief regulatory officer.
The company said Mr Zhang will join Fortitude Re’s executive committee and…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has appointed Alasdair Walker as regional head of distribution, insurance, Asia …

Coldwell Banker Bermuda Realty has marked two historical milestones with a celebration of the achievements of its present-day staff.
The realtor this year celebrates 70 years since the start of the co…

Bermudian-based Fidelis Insurance Holdings Limited has reported second quarter net income available to common shareholders of $83.9 million.
That compares with net income available to common sharehold…

The RG/BSX Index closed on Tuesday unchanged at 2,219.98.
Some 10,231 shares in Bermuda Press (Holdings) Ltd changed hands for a total turnover of $81,848 on the Bermuda Stock Exchange.
The stock clos…

Avance Gas Holding Limited, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has struck another deal to renew its fleet.
The company has exercised a purchase optio…

Kiara Burcher is the recipient of the Robert Clements Scholarship, awarded by the Chubb Charitable Foundation – Bermuda.
A second high-achieving student, Destani Warner, is the Chubb Bermuda College E…

Aspen Insurance Holdings Limited has reported first-half 2023 net income of $219 million, a 352 per cent jump over last year’s net income of $48 million over the same period.
Operating income for the …

Now Insurance, the full-stack, AI-enabled commercial insurance platform specialising in medical professional liability coverage, has announced an investment from a subsidiary of Bermudian-based Arch C…

Praveen Pachaury has been appointed senior vice president of technology and digital at Xceedance, the Bermudian-domiciled global provider of technology and digital solutions, claims services, and data…

Bermuda has first mention on the list of the “Top 7 Countries with Zero Income Tax” in a GOBankingRates article now being widely republished on Yahoo! Finance and elsewhere.
The list follows on with M…

The place of eternal spring, the future hub of international arbitration is no other than Bermuda. It is imperative that the Government and other stakeholders take the bold step of establishing a dedi…

Industry veteran Greg Chilson is to serve as president of Argo Surety, Bermudian-based Argo Group International Holdings Ltd has announced.
Mr Chilson, who has been a strategic adviser to the business…