Royal Gazette

Arch Capital Group Ltd booked a $550 million net loss from catastrophes, but still managed to report net income available to common shareholders of $6.9 million in the third quarter.
That result compa…

Axis Capital Holdings Limited has reported a net loss attributable to common shareholders of $17 million and operating income of $3 million in the third quarter.
That compares with net income of $47 m…

The Washington Mall’s 50th anniversary on November 3 feels particularly poignant to the building’s longest-running tenants who have made it through Covid-19 – one of the worst retailing periods in Be…

The Bermuda Stock Exchange ended unchanged today at 2439.64.
Meanwhile, Butterfield fell 9 cents (0.26 per cent) to $34.60 at close of day trading on the New York Stock Exchange.

There are digital assets coming in the future that could make life easier for the ordinary citizen by lowering mortgage rates, and making it easier to start a business.
That was the message from David…

Vesttoo Ltd, a technology-driven global insurance risk transfer platform with a collateralised insurer in Bermuda, has concluded an $80 million Series C financing round.
It was co-led by Mouro Capital…

Cyber-risk modelling company DeNexus is on the hunt for someone local to run their new office in Bermuda.
DeNexus founder and chief executive officer, José Seara, told The Royal Gazette he has hired a…

Peter B Migliorato, a retired partner of Deloitte Consulting, has been elected to the board of directors of James River Group Holdings Ltd, the Bermudian-based insurance holding company.
Mr Migliorato…

Nabors Industries Ltd, the Bermudian-based energy driller, has reported its third quarter operating revenues jumped by 10 per cent and the company cut its quarterly loss to $14 million in the period. …

Carnival Holdings (Bermuda) Limited, a subsidiary of Carnival Corporation & plc, has closed its private offering of $2.03 billion of senior priority notes due 2028.
The company said it expects to …

The Bermuda Stock Exchange ended with the RG/BSX Index down 53.63 points (2.15 per cent) at 2439.63.
The Bank of N.T. Butterfield & Son Limited concluded with a $1 decrease in the price (-2.9 per …

Bermudian-based West Hamilton Holdings Limited, the BSX-listed property holding company, has a new major shareholder.
The change comes after a transaction between Somers Limited, a financial services …

Banyan Risk Ltd, a Bermudian-based managing general agent that specialises in writing directors and officers’ insurance, has teamed up with SPAC-focused financial advisory firm Zukin Certification Ser…

Enzuri Beauty, the Bermudian luxury skincare company, has been selected to join the US-based beauty company, thirteen lune.
The American organisation is an e-commerce operation that features and promo…

An environmental campaign group has named 21 companies as “champions” in the campaign to remove single-use plastics from their operations.

Beyond Plastic Bermuda has launched the programme design…

Graphic designer and digital creative, Karee Luna, is launching her first Undadewave event, What the NFT?, a panel discussion designed to educate Bermuda on non-fungible tokens.
Ms Luna was working on…

The Customs department has introduced a new feature to improve transparency around importing goods to the island using its automated processing system.
Going forward, the department said, it will emai…

When Gwendolyn Atcheson came up with the idea for a waste management business in Bermuda, women were virtually taboo in the industry.
So she and her husband, David Atcheson, named the business after h…

US life insurers cede more than a half a trillion dollars in annual premiums to Bermuda’s long-term reinsurers, and a new study claims it has become a source of industry concern.
In fact, Bermuda was …

An entrepreneur who left behind a desk job as a corporate lawyer to create booking software for the United States’ 109,000 barbershops is among the featured speakers at InspireCon 2022 next week in Be…

The signature event of Bermuda Tech Week kicks off on Wednesday with a keynote “fireside chat” between David Burt, the Premier and Minister of Finance, and Michael Casey, chief content officer of info…

The Police and Fire Retirement System for the City of Detroit late last week filed a class-action lawsuit against Argo Group International Holdings Inc, the Bermuda international underwriter of proper…

The Mid Ocean Club has again achieved gold level accreditation standard and has been nominated for three awards by Investors in People.
IIP is a global organisation that advises and conducts assessmen…

Bermuda Tech Week positions the island as a key player in the tech revolution, a leading member of the island’s entrepreneurial community has said.
Presented by the Bermuda Business Development Agency…

A company related to Bermuda energy mutual, Everen, has maintained its strong credit ratings with AM Best.
The agency has affirmed the financial strength rating of A- (Excellent) and the long-term iss…

This article originally written in fall 2017. It has been revised and updated with current information.

These days the truth is in short supply. What is truth?
Is it those mundane facts of conseq…

Dear Dave,
I need help. I am way behind on my basic utilities and my taxes. I have tried to start the Baby Steps, but everything is so overwhelming right now that it is easy to get discouraged. I am 3…

The RG/BSX Index moved up 58.71 points (2.35 per cent) to end the week at 2,493.27.
The only activity on the Bermuda Stock Exchange Friday involved West Hamilton Holdings Ltd. which concluded with a 5…

Axis Capital Holdings Limited expects to report a small operating income for the third quarter of 2022.
The Bermudian-based global specialty re/insurer said its results are impacted by a pre-tax net l…

The aircraft management company based in St George’s, Longtail Aviation, has acquired its first B757-200PCF aircraft, according to ch-aviation, the Swiss-based airline intelligence provider.
The publi…

24 Exchange, the multi-asset class trading platform, has joined the partner network of Talos, the provider of institutional digital asset trading technology.
Through the addition of 24 Exchange, Talos…

Palomar Holdings Inc, the parent company of island-based Palomar Specialty Reinsurance Company Bermuda Ltd, has announced estimated pre-tax catastrophe losses of $12.5 million, net of reinsurance, for…

Climate change will have widespread societal consequences, a leading reinsurance executive has said.
Kevin O’Donnell, president and chief executive officer of Bermudian-based global re/insurer Renaiss…

Bermuda is taking a “huge reputational risk” for what is likely to be little reward by encouraging crypto companies to come to the island, according to a tech expert.
Martin Walker, banking and financ…

The Bermuda Monetary Authority is seeking feedback from stakeholders on the proposed amendments to the Digital Asset Business Act 2018: Code of Practice and Digital Asset Business (Client Disclosure) …

Butterfield Bank’s share price slumped $1.22 (3.47 per cent) to $33.98 Thursday on the New York Stock Exchange.
The RG/BSX Index closed unchanged for the second day in a row at 2,492.47, with no tradi…

AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Bermudian-based Research Insurance Company Limited.
The outlook assigned …

Walkers Bermuda and The TLC Group, will be hosting a free webinar on data privacy next month.
The one-hour webinar, A Refresh: The Personal Information Protection Act 2016 will be held on November 8….

SiriusPoint Ltd, the global specialty re/insurer based in Bermuda, was among the participants in a $2.4 million seed extension funding round by LuckyTruck, the tech-enabled retail insurance agent focu…

Everest Re Group Ltd is estimating total pre-tax net catastrophe losses of $730 million for the third quarter.
Some $600 million is attributed to Hurricane Ian, which made landfall on the west coast o…

Strategic Risk Solutions, the world’s largest independent insurance company manager, has announced that Paul Gatutha has joined SRS Bermuda as a director in its Hamilton office.
The company said Mr Ga…

Bermudian-based RenaissanceRe Holdings Ltd has estimated that losses from certain 2022 catastrophe events will have a net negative impact of approximately $650 million on the company’s third quarter r…

Compre, the Bermudian-headquartered international legacy group, has agreed to acquire the Irish subsidiary of Covéa, Medical Insurance Company DAC, which provided general liability insurance covering …

Unsecured creditors of one of the island’s longest-established retail organisations were left completely out of pocket when the operation went under, one of the company’s joint provisional liquidators…

When Anayah Curtis launched her candy business, Sweeties, at age 15, she became the youngest vendor on the Sargasso delivery app.
A year later, Miss Curtis’s online shop is still going strong, sellin…

Butterfield Bank fell 40 cents (1.12 per cent) to $35.20 at the close, on the New York Stock Exchange Wednesday.
Meanwhile, the RG/BSX Index closed unchanged at 2,492.47 in the absence of trading.

Appleby partner Jerome Wilson will discuss the future of finance at the upcoming Bermuda Tech Week, focusing on banking institutions leaning into the digital asset market.
Mr Wilson, head of Appleby’s…

Arch Capital Group Ltd has estimated pre-tax net catastrophe losses of $530 million to $560 million across the property casualty insurance and reinsurance segments in the 2022 third quarter.
The Bermu…

Chubb has named Bill Hazelton as executive vice-president, head of North America Industry Practices.
In this newly created role, Mr Hazelton will lead the company’s efforts to enhance delivery of comp…

Industry veteran David Florian has been appointed chief executive officer at Aspida Life Re Ltd, the Bermudian-based life and annuity reinsurance company.
The company said Mr Florian is a seasoned rei…