Royal Gazette

The RG/BSX Index was unchanged for the week, as there was no trading on the Bermuda Stock Exchange.
The index remained at 2,424.96 at Friday’s early close of the BSX at 2pm ahead of the Christmas hol…

A popular electronics repair shop and retailer has made a move.
CPR Cell Phone Repair Bermuda has shifted from Washington Lane to 14 Reid Street in Hamilton, next to Marks and Spencer.
The store, whic…

The RG/BSX Index closed unchanged at 2,424.96 with no trading on the Bermuda Stock Exchange.
Overseas, The Bank of N.T. Butterfield & Son Limited was down 22 cents (0.74 per cent) to close at $29….

Dewar’s Blended Scotch Whisky, a brand that is part of the portfolio of Bermudian-headquartered Bacardi Limited, has added to its growing list of accolades.
Bacardi is preparing for robust sales for t…

James Anfossi has joined Vesttoo as AVP, portfolio manager.
Mr Anfossi, who will be based on the island, joins from Aeolus Capital Management, where he served as an analyst.
He previously worked at Fi…

Sompo International Holdings Ltd, the Bermudian-based specialty provider of property and casualty insurance and reinsurance, has appointed Christian Crozier as senior vice president, head of UK Retail…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa” (Superior) of Hannover Rück SE (Germany) and its main subsidiaries, including Hannov…

Hamilton’s busy streets in the final week of Christmas shopping are not indicative of the true state of retail sales, with the latest official figures continuing the picture of a decisive softness in …

The Supreme Court has granted an application by Fireminds Operations Limited to terminate arbitration proceedings between the company and Bermuda Investment Advisory Services Limited.
Arbitration proc…

A special session of the Florida legislature has led to insurance reforms that will bring relief to the state’s homeowners market, but capacity will likely remain limited with high reinsurance costs i…

The RG/BSX Index closed unchanged at 2,424.96 with no trading on the Bermuda Stock Exchange.
Overseas, The Bank of N.T. Butterfield & Son Limited was up three cents (0.10 per cent) to close at $29…

Arcadian Risk Capital has appointed Paddy Cole as senior vice-president, professional liability in its Bermuda office.
Mr Cole joins from Markel Global Insurance in Dublin, where he was a senior under…

White Mountains Insurance Group Ltd has announced that Ark Insurance Holdings Limited, its specialty property and casualty reinsurance and insurance subsidiary, has sponsored the formation of a reinsu…

Lawyers from across four of Appleby’s global offices have been recognised in the 2023 edition of the Private Client Global Elite Directory.
Vanessa Schrum, head of private client and trusts in Bermuda…

September’s volume of retail sales decreased 1.8 per cent compared to last year. In value terms, retail sales increased to an estimated $97.5 million.
Compared to the pre-pandemic period of September …

The RG/BSX Index closed unchanged at 2,424.96 with no trading on the Bermuda Stock Exchange.
Overseas, The Bank of N.T. Butterfield & Son Limited fell $1.38 (4.43 per cent) to close at $29.77 on t…

Axa XL Reinsurance has appointed Tristan Abend to the newly expanded position of head of property, responsible for both US & International business in Bermuda.
The company said Mr Abend has worked…

Symetra Financial Corporation, a wholly owned subsidiary of Sumitomo Life Insurance Company, has established Symetra Bermuda Re Ltd.
The new operation will reinsure certain risks of Symetra Life Insur…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has completed the transfer of its Endurance at Lloyd’s run-off business to River…

Industry sources say there is an urgent need to update Bermuda’s intellectual property laws to allow Bermuda to better compete for the business.
There is broad support for new government measures to a…

Shareholders at a special general meeting of Frontline Ltd have approved the Bermudian-based shipping company’s redomiciliation to Cyprus.
Frontline is engaged primarily in the ownership and operation…

A titan of Bermuda’s re/insurance sector is to retire.
Albert A Benchimol, president and chief executive officer of Axis Capital Holdings Limited since 2012, will step down from his role on May 4.
Tha…

Bermuda insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, the news agency Reuters is reporting.
Specialist underwriters here and in the Lloyd’s of Lon…

A London-based decarbonisation, sustainability and social impact investor that is named after one of Bermuda’s iconic beaches is helping a pioneering Scottish car maker go to market with an all electr…

A staff donation drive at the Bermuda Monetary Authority has collected more than 350 items of clothing and supplies for the residents of six government-run nursing homes across the island.
The donatio…

The RG/BSX Index closed unchanged at 2,424.96 with no trading on the Bermuda Stock Exchange.
Overseas, The Bank of N.T. Butterfield & Son Limited fell 48 cents (1.52 per cent) to close at $31.15 o…

PhysioActive is to expand its practice next month with the hiring of physiotherapist Stephen Lightbourne to the rehabilitative clinic and gym.
Mr Lightbourne brings over eight years of experience to t…

Axa XL Reinsurance has announced that it will appoint Claudia Ingenhoven as chief financial officer, reinsurance effective February 13.
Prior to accepting this role Ms Ingenhoven held a number of exec…

BMS, the independent specialist re/insurance broker with an operation in Bermuda, has appointed Richard Wynn as managing director of specialty classes for their London DUA and programmes division.
Mr …

Hudson Structured Capital Management (Bermuda) Ltd has continued its investment in CyberCube by participating in a $50 million growth capital raise by the cyber risk analytics company.
CyberCube said …

Deloitte Bermuda has donated $25,000 to 13 Family Centre families, providing them with an all-inclusive holiday experience.
Deloitte staff split into 13 teams, using the money to purchase gifts such a…

Three months ago Sharrieff Wales opened Fresh Ltd at 28 Queen Street, selling everything from knives and body soap to floor cleaning products and plates, all for between $2 and $6.
The store’s motto i…

Aina Curated, the full service architectural design agency, has successfully raised $8,500 through the Bermuda Investor Community, the island’s first fully digital angel investment platform that bring…

A team from Saltus Grammar School sits atop the leaderboard after the opening month of the18th annual KPMG Senior School Investment Challenge.
Saltus FUD cc has increased its pot to $102,675.56, up fr…

The holidays are a magical time to celebrate with friends and family and show our gratitude to all who are around us! It’s also a time to have a little bit of whimsical fun. At the Bermuda Clarity Ins…

Shareholders of Argo Group International Holdings Ltd have voted to elect the seven director nominees put forward by the company for election at the annual general meeting of the Bermudian-based speci…

The Bermuda Stock Exchange listed financial services investment holding company, Somers Ltd., has reported a net loss over the second half of the year and substantial declines in shareholders’ equity …

RiverStone International has entered into loss portfolio transfer reinsurance agreements with affiliates of Axis Capital Holdings Limited, which cover several of its professional lines and liability …

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Bermudian-based Conduit Reinsurance Limited.
The outlook of these cre…

AM Best has affirmed the financial strength rating of A++ (Superior) and the long-term issuer credit ratings of “aa+” (Superior) of Bermudian-based HCC Reinsurance Company Limited, together with the p…

Shareholders of Argo Group International Holdings Ltd have voted to elect the seven director nominees put forward by the company for election at the annual general meeting of the Bermudian-based speci…

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

AM Best has assigned ratings to two reinsurers domiciled in Bermuda.
The ratings agency assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” (Excellent) t…

Appleby’s Bermuda office has delivered holiday gift donations to local charity Star – Supportive Therapy for Aids Persons and their Relatives.
This marks Appleby’s 24th year supporting Star families d…

According to the World Bank, Bermuda still has one of, if not, the highest GDP per capita world-wide at $110,869.50.
Hah! If they only knew just how extraordinarily expensive it is to live on an isol…

No matter what your holiday plans look like, one thing most people can agree on is that giving is a huge part of the Christmas season. And it’s fun to think about our own wish lists, of course. But so…

A private company could establish a new, ten-megawatt solar farm in Castle Harbour, consisting of floating photovoltaic panels, it has emerged.
A new report, dated December 16, 2022, outlines how inve…

Bermudian-based Athora Holding Ltd has completed its third capital raise, securing a total of approximately €2.75 billion of additional permanent equity capital commitments from new and existing share…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-based Group Ark Insurance Limited.
Gail is a wholly-owned sub…

Bermudian-based Fidelis Insurance Holdings Limited has promoted Charles Mathias to the post of deputy chairman.
The promotion was one of three announced by the privately-owned holding company, which, …