Royal Gazette

The e-tax filing deadline for the second quarter of the year has been extended until Thursday, the Office of the Tax Commissioner has reported.
Mandatory e-filers are required to file online, which ca…

MSL Captive Solutions has appointed Andrew Wagganer as senior underwriter.
MSL is an independent, specialist underwriting and consulting services firm formed by Strategic Risk Solutions two years ago …

Axa SA, the French insurer and parent company of Bermudian-based Axa XL, is considering getting rid of its property reinsurance business to cut its exposure to natural disasters, according to reports….

Vesttoo, a unicorn insurtech with a Bermuda entity at its core, is reeling after a big hole was allegedly found in its books.
Billions of dollars of collateral claimed may never have existed, accordi…

Evertas, the American crypto asset insurer with an island-based subsidiary licensed by the Bermuda Monetary Authority, has acquired Bitsure, the world’s first insurer dedicated to coverage for crypto-…

Thirteen Bermudian high school, college or university students are participating in the 2023 summer internship programme at Appleby.
The internships, which range in duration from two to ten weeks, mat…

Voices continue to be heard encouraging Bermuda to play a significant role in creating climate solutions, especially in terms of the issuance of “blue bonds“.
Suzanne Johnson, senior adviser, United N…

The RG/BSX Index closed on Tuesday at 2,211.59, down 1.55 points (0.07 per cent).
Some 186,159 shares of Bermuda Press (Holdings) Ltd changed hands. The stock closed at $8, down $1 (11.1 per cent) on …

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty insurance and reinsurance, has appointed Emmanuel Brulé as chief risk officer.
Mr Brulé, who i…

Lori Bailey has been appointed to the post of head of cyber and technology at Bermudian-based Axis Capital Holdings just a month after joining the organisation.
Ms Bailey, who will report to Mark Greg…

A meet-and-greet for Summer Student Entrepreneur Program participants will be held on Friday from 11am to 2pm on City Hall Lawn.
It will be hosted by the Bermuda Economic Development Corporation.
Dur…

Lloyd’s has appointed Rebekah Clement in the new role of corporate affairs director.
The organisation said Ms Clement will report to Lloyd’s chief executive John Neal, and will “bring together Lloyd’s…

A new reinsurance broker with plans to have a presence on the island has officially launched, with access of up to $100 million in funding from Altamont Capital Partners, a Palo Alto private equity fi…

Bahamas will start taxing international businesses incorporated there on foreign income from the first day of 2024, bowing to international pressure to collect more in taxes.
The levy is modest, at $2…

Northshore Medical & Aesthetics Centre celebrated its tenth anniversary last weekend, going from ten employees in 2013 to 60 now.
The centre, which is on North Shore Road in Devonshire, describes…

Bermudian-based Talcott Financial Group, an international life insurance group, has appointed industry veteran Michael Smith as executive chairman.
Mr Smith, who has 38 years of experience in the insu…

The RG/BSX Index closed on Monday unchanged at 2,213.15 after a day of no trading.
Overseas, Butterfield Bank closed up 40 cents (1.39 per cent) at $29.17 on the New York Stock Exchange.

The outlook of a parent company with a Bermudian-based subsidiary has been revised to positive from stable by AM Best, the credit ratings agency.
The agency also affirmed the bbb- long-term issuer cre…

Miller, the independent specialist insurance and insurance broker, has expanded its US Casualty team with the appointment of Bermudian-based Galen Brislane and London-headquartered Danielle Thorsteins…

Bermuda’s Apex Group is working with Flow, a San Francisco start-up specializing in systems for asset mangers, to deliver Flow’s Investor Lifecycle Management Platform to venture capital investors.
Th…

Jerome Lande has been appointed as a non-executive director by R&Q Insurance Holdings, the Bermudian-based non-life global specialty insurance company.
R&Q, which focuses on the programme mana…

Northshore Medical & Aesthetics Center celebrated its 10th anniversary, going from 10 employees in 2013 to 60 now.
The centre, which is on North Shore Road is Devonshire, describes itself as a me…

Nordica Life reported $118,131 in net income in 2022, down from $530,195 a year earlier.
Its revenue fell to $1.1 million from $1.4 million.
The insurer, which has been in operation since 1996, speci…

Bermuda College Circle has been renamed to BF&M Circle in recognition of contributions made to the Bermuda College Foundation.
In 2022, BF&M committed $75,000 to the foundation over a three-y…

Montoya Re has appointed two new directors, and one has resigned, according to a Bermuda Stock Exchange announcement.
Mei Sim Joyne Yeung’s appointment was effective February 21, and Christopher Ford…

Credit ratings for the Bank of N.T. Butterfield & Son have been reaffirmed by Kroll Bond Rating Agency.
It said the outlook was stable.
The A+ rating on unsecured debt and deposit ratings, the A…

There is a growing squad of remote-controlled car enthusiasts in Bermuda and they are not your average toy operators.
The cars get to speeds of 60 or 70 miles an hour.
Bermuda’s RC (interchangeably, r…

Law firm Carey Olsen has claimed its third major award in less than two months, winning the Offshore Firm of the Year award at the Chambers High Net Worth Awards 2023.
The firm, which has an office in…

Salaries for seniors have jumped dramatically in recent years, according to data from the Labour Force Survey released by the Department of Statistics.
Between late 2019 and late 2022, median gross in…

The shareholders of Liberty Global have voted in favour of a proposal to change the company’s jurisdiction of incorporation from England and Wales to Bermuda.
The company said the change of incorporat…

Aon and Lloyd’s of London are working with Ukraine’s Vienna Insurance Group to provide cover in Ukraine to support recovery in the war-torn country.
The two insurers have committed, under the UK-Ukra…

The B++ (Good) financial strength rating and the “bbb” (Good) long-term issuer credit rating of Bermudian-based Sura Re have been affirmed by AM Best, the credit ratings agency.
AM Best said the outl…

Insurance is part of the three major life cycle risks: a premature death; long life (old age, longevity); and our wellbeing (health risks, disabilities, loss of earning capacity, and unemployment).
Ma…

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Women may have benefited from the post-pandemic economy more than men, according to the Labour Force Survey November 2022.
According to the document, women made $4,481 more than men, or had a 7 per ce…

Bermuda’s unemployment rate at the end of 2022 was back down to where it was before the pandemic hit the island, according to the Labour Force Survey released by the Department of Statistics.
The fig…

About one in eight houses may be vacant in Bermuda, according to the Department of Statistics Labour Force Survey report.
The data was released just as the country struggles with an acute housing shor…

The Argus Group has issued its second sustainability report, with key highlights including gifts to charity, diversity training and scholarships.
“Under the leadership of Alison Hill, Group chief exec…

Butterfield is to offer a free money management and financial literacy class next week for full-time college and university students between the ages of 18 and 30.
The Butterfield 101 Money Management…

The RG/BSX Index closed on Thursday at 2,213.15, up 112.63 points (5.36 per cent).
Two thousand shares of Bank of NT Butterfield Ltd traded for a share price of $29.60. The stock closed at that price,…

Stable, the pioneering fintech company with a commodity price-risk management platform, has established a Bermudian-domiciled Class 3A insurer.
The company had previously established a collateralised …

Bermudian-based Sompo International, a global provider of commercial and consumer property and casualty re/insurance, has appointed Renata Barcellos as head of risk control services, global markets in…

Bermudian-based Axis Capital Holdings has appointed Lauren Kent as president, Axis Re International.
Ms Kent reports directly to Ann Haugh, CEO of Axis Re, and is part of the reinsurance executive tea…

A Bermuda insurer could be on the hook for more than $10 billion as part of the fallout from the crisis with UK water utilities.
The British Government has this summer been leading emergency talks ove…

SiriusPoint Ltd, the Bermudian-headquartered global specialty re/insurer, has appointed Thomas Leonardo as global head of accident & health.
Previously senior vice president and US head of A&H…

Helix Underwriting Partners Ltd has entered into an equity investment agreement under which Arch Capital Holdings Ltd has become a minority shareholder in the Bermudian-based agency.
The company said …

The RG/BSX Index closed on Wednesday unchanged at 2,100.52 after a day of no trading.
Overseas, Butterfield Bank closed up 61 cents (2.13 per cent) at $29.21 on the New York Stock Exchange.

Eighteen aspiring entrepreneurs have graduated from the Bermuda Economic Development Corporation’s Enterprise Bermuda incubator programme.
Graduate Kisha Tyrrell of Enzuri Beauty said: “The BEDC progr…

KPMG in Bermuda has chosen Sancho Smith to receive the KPMG 2023 Scholarship after what the firm says was a “rigorous selection process”.
A spokeswoman said: “Sancho received the award because he repr…

The Bermuda Monetary Authority confirmed five insurance registrations in June, boosting the yearly total to 37.
Six insurance applications were reviewed in June by the Insurance Assessment and Licensi…