Royal Gazette

Attorneys Nicole Cavanagh and Tanisha Butler join MJM law firm’s matrimonial & family law practice in the dispute resolution team.
Ms Cavanagh joins as a senior associate leading the matrimonial …

The latest monthly retail sales figures showed another slump — the third month in a row and the twelfth time in 14 months.
The worrying trend showed retail sales volume was down by nearly five per cen…

John Wight has stepped down from the board of directors as group chairman of BF&M Limited, effective immediately.
Acting chairman Tony Joaquin said: “On behalf of the entire board, I would like to…

A legal case involving the Spice Girls was cited by a lawyer as he attempted to fight a $550 million Supreme Court judgment against a Bermuda unit of one of the world’s largest investment banks.
The C…

The RG/BSX Index fell 1.19 points (0.08 per cent) to 2,419.21 on Wednesday.
The issue driving the change was Argus Group Holdings Ltd which fell eight cents (1.4 per cent) to $5.67 after the trading o…

Fast Company, one of the world’s leading progressive business media brands, has recognised DigiRoo with an honourable mention in their 2022 Innovation By Design Awards.
DigiRoo founder Antonia Hol…

ReGen Group Limited, formerly AG Holdings Limited, has hired Keith Jernigan as director of operations following the company’s rebrand.
Mr Jernigan joins the company following a 20-year career in leadi…

A Bermudian relationship coach has relaunched her business to help leaders manage conflict and communicate better in the workplace.
Tina Laws, former executive director of Women’s Resource Centre, is …

John Wight has stepped down from the board of directors as group chairman of BF&M Limited, effective immediately.
Acting chairman Tony Joaquin said: “On behalf of the entire board, I would like to…

PwC Bermuda is to host a networking event December 22 for university students interested in connecting directly with the firm’s leaders and professionals, and learning more about a career at the islan…

Retail sales volume fell by nearly five per cent in August compared to last year, the Ministry of Economy and Labour reported today.
The 4.8 per cent decline was arrived at after adjusting for the ret…

A Bermudian-based shipping company is to hold a special general meeting on the island this month to seek shareholder approval for its re-domiciliation to Cyprus.
Frontline Ltd, which is engaged primar…

Bermudian-based re/insurers estimate that they will incur gross claim losses of more than $13 billion in payments to policyholders and cedants in the United States to cover the damaging effects of Hur…

Roxanne Pearman’s new day spa is an endeavour born purely out of the pandemic.
The owner of Saphora Hair, Nails and Day Spa had to get creative after the global health crisis ravaged the beauty indus…

Relm Insurance Ltd, the Bermudian-based specialty insurer, has revealed that it provides insurance coverage to the US and Australian entities of FTX, the crypto currency exchange that collapsed last m…

Bermudian-based re/insurers estimate that they will incur gross claim losses of more than $13 billion in payments to policyholders and cedants in the United States to cover the damaging effects of Hur…

Arno Duvenhage and Michael Goulborn have joined law firm MJM Limited’s dispute resolution team as senior associates.
Mr Duvenhage is an experienced commercial litigator whose practice focuses on com…

The credit ratings of Bermudian-based Fidelis Insurance Holdings Limited and its subsidiaries remain under review with negative implications, AM Best has said in a commentary.
The ratings agency said …

Annexus, the US-based retirement product design company, has announced that Athene BCA 2.0 Suite of Fixed Indexed Annuities, one of its flagship FIAs, won the “FIA of the Year” award at the SPi USA 20…

Entrepreneur Shi-Vaughn Lee’s Dove & Butterfly, the skin care business, has won the top prize of $500 as the e-tailer recording the most sales during Cyber Monday.
The annual event is an online in…

Bermudian-based Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, has reported GAAP operating income of $48.4 million for the 13 weeks ended October 29.
The company said that…

The Bermuda College has taken a step toward its goal of offering locally the first two years toward an insurance or risk management qualification.
The Bermuda Insurance Institute is winding up its af…

Argus Group Holdings Limited has reported net income for the six months to September 30 of $26.3 million, compared with $8.1 million in the previous year.
Argus chief executive Alison Hill said: “The …

The Bank of NT Butterfield & Son Limited has announced that Ingrid Pierce has joined the bank’s board as an independent director, bringing the total number of directors to ten.
Ms Pierce is the gl…

The RG/BSX Index remained unchanged at 2,421.12, with no trading on the Bermuda Stock Exchange for Monday.
The Bank of N.T. Butterfield & Son Limited finished down $1.12 (3.26 per cent) for the da…

Domestic insurer BF&M Limited has reported a shareholders’ net loss of $13.4 million for the nine months ended 30 September.
This compares to shareholders’ net income for the same period in 2021 o…

Bermudian-based Athene Holding Ltd, the financial services company, has served as the lead investor in the transaction and is the majority shareholder of a new, unified fleet management business.
The …

With the World Cup heading toward its denouement, an American sports and entertainment intelligence platform has highlighted the extent of marketing support for Major League Soccer, including particip…

Bermuda, and the island’s newest luxury resort, have been nominated for prizes in the 2022 Gay Travel Awards.
Bermuda has been nominated in the “destination, island” category.
The St Regis Bermuda Res…

Darag Group, the international legacy specialist with an office in Bermuda, has announced that its German insurance carrier Darag Deutschland AG has received court approval to complete a Part VII tran…

The Bermuda Monetary Authority and two of its employees are being sued for damages of $25 million by a Delaware-domiciled company over allegations relating to its application to acquire a controlling …

A Bermuda company, Lancashire Holdings Limited, and its Bermuda insurer, are facing a negative outlook for ratings issued by credit rating agency AM Best.
Although recognising several positive attribu…

An order may be sought from the Bermuda Supreme Court over a plan by troubled crypto lender, BlockFi, to pay creditor money back and exit Chapter 11 bankruptcy protection, The Coin Republic has report…

Another market blow-up. FTX was one of the biggest cryptocurrency exchanges in the world. Founded in 2019 and based in the Bahamas. FTX specialised in derivatives, leveraged products and spot trading …

Dear Dave,
I use a debit card for all my regular, day-to-day purchases. However, I use a credit card for plane tickets, big ticket items, or when I shop online because someone told me it’s easier to d…

Höegh LNG Partners LP has announced that Erik Nyheim has been appointed by the general partner to fill the vacancy created by the resignation of John Veech as an appointed director of the board of dir…

Sompo International Holdings Ltd, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has appointed Ron Willett as executive vice-president, field manage…

Counterpart, the Los Angeles-based management liability insurtech, has added miscellaneous professional liability insurance to its existing suite of management liability products and services availabl…

A major market for Bermuda’s reinsurers, Florida, is in danger of becoming largely uninsured if legislators there do not make the right decisions, according to one top-level British insurer.
Patrick …

Apex Group Ltd, the Bermudian-based global financial services provider, has appointed Anne Storie as country head, Cayman Islands.
Based in Grand Cayman and reporting to Georges Archibald, chief innov…

The RG/BSX Index rose 7.15 points (0.30 per cent) to finish at $2,421.12.
Argus Group Holdings shares rose 30 cents (5.5 per cent) to close at $5.75 with a volume of 5,000.
The Bank of N.T. Butterfiel…

Tax specialists Will Gay and Ze’ev Deutsch have joined Mosaic Insurance’s transactional liability team, boosting the firm’s tax-risk capability.
Based in London, Mr Gay will be head of International T…

Bermudian-based Convex Re Limited has appointed Paul Simons as deputy chief executive officer and has promoted Richard Slater to chief underwriting officer.
Both will assume their roles this month and…

The Hamilton Princess & Beach Club is calling their newest retail store the “pinnacle of high fashion”.
The hotel on Pitts Bay Road in Pembroke launched Blank Canvas this month as the final bouti…

Hurricane Ian and other extreme weather events such as the winter storms in Europe, flooding in Australia and South Africa as well as hailstorms in France and in the US resulted in an estimated $115 b…

Axis Capital Holdings Limited has announced that its environmental business unit has launched a Specialty Package Policy for manufacturers.
The SPPm policy covers a range of general and environmental …

Bermudian-headquartered Frontline Ltd, a shipping company engaged primarily in the ownership and operation of oil tankers and product tankers, has reported net income of $154.4 million for the third q…

Seadrill Ltd, the Bermudian-based offshore drilling company, has reported an operating profit of $20 million for the third quarter of the year.
The company had total operating revenues of $269 million…

Brian First has been promoted to president of Arch Insurance North America.
He was promoted from chief underwriting officer of programmes, property and specialty, and will continue to report to Matt S…

When Salon Visage moved this month, it quickly discovered that its new location at 39 Church Street had a reputation.
Different businesses, restaurants and lounges had opened and closed there over th…