Royal Gazette

A record number of Bermudian students are taking part in an annual summer intern programme with companies belonging to the Bermuda International Long Term Insurers and Reinsurers organisation.
Biltir …

A veteran Bermuda insurance executive has been handpicked to develop Canopius Group’s Bermuda platform and grow its reinsurance business.
Charles Cooper, who has been chief executive for reinsurance a…

The directors of the Bermuda Press (Holdings) Limited, the owners of The Royal Gazette, have approved a share repurchase programme that becomes effective July 14.
The repurchase is for up to $1,600,00…

Realtors are among the beneficiaries of government’s Economic Investment and Residential Certificate Policy.
The EIRC policy resulted in total associated investments of $425.5 million, which include $…

More than 40 aviation leasing firms, locked in a battle with insurers over who should bear up to $10 billion in costs for 400 jets stuck in Russia, are urging the High Court of Justice to allow a rei…

HSBC Bermuda is recognising two of its longest serving employees, Sharon Jacobs (premier banking) and Debbie Lewis (human resources) as they respectively reached their 55th and 45th anniversary of emp…

A Conyers associate who joined the law firm’s Bermuda private client and trust team in 2022 has expanded her practice area to include wills and estates.
An affiliate member of the Society of Trust an…

The RG/BSX Index closed on Tuesday unchanged at 2,100.52.
It came after Butterfield Bank closed unchanged at $27.50 after trading of 369 shares. The only other stock trading was Argus Group, closing u…

Global Atlantic Financial Group, the Bermudian-based financial services company, has closed a more than $2.4 billion third-party capital raise for its second reinsurance co-investment vehicle, Ivy Co-…

As Bermuda companies increasingly seek out the next generation in technologies, a new collaboration will leverage that by offering enhanced cloud-based IT solutions.
Managed services provider, Ingine,…

Steve Hearn, formerly the CEO of Bermudian-based Inver Re, has become the chairman of Placing Platform Limited.
Mr Hearn, whose departure from Inver Re was announced last week, succeeds Bronek Masojad…

Compre, the Bermudian-headquartered international legacy group, has appointed Daniel Fiehn as group chief operating officer.
The company said Mr Fiehn has more than 30 years of experience in operation…

The RG/BSX Index closed on Monday unchanged at 2,100.52 after a day of no trading on the Bermuda Stock Exchange.
Overseas, Butterfield Bank closed up seven cents (0.25 per cent) at $27.90 on the New Y…

A Bermuda insurance executive has been sent to South America to build the Latin American operations of Strategic Risk Solutions.
As SRS expands its global operations, they have appointed Luis Delgado …

Helen of Troy, the global consumer products company registered in Bermuda, has reported net income of $22.6 million for the three-month period ended May 31.
That compares to $24.6 million in the prior…

Essent Group Ltd, the mortgage re/insurer based in Bermuda, has completed its previously announced acquisition of Agents National Title Holding Company and Boston National Holdings LLC.
The acquisitio…

MSL Captive Solutions Inc, the independent underwriting firm specialising in the structure and underwriting of medical stop loss captives, is to serve as a full service managing general underwriter fo…

Bermudian-domiciled Athora Holding Ltd, an insurance and reinsurance group focused on the European market, has appointed Michael Koller as group chief risk officer.
He succeeds Lukas Ziewer, who stepp…

Apex Group Ltd, the Bermudian-based global financial services provider, has agreed to acquire Retransform from The Annet Group.
Retransform is a global real estate service provider offering proptech, …

The world’s oldest mutual P&I Club has reached out to support the work of four Bermuda maritime charities in training and educating young sailors and supporting local maritime communities.
The Br…

Nova Scotia residents will soon be scrubbing themselves with organic cleansers made in Bermuda.
Natural By Nat soaps made by Bermudians Vladimir Focke and Andrew Haye, go on sale at Be Gorgeous Beauty…

One of Russian president Vladimir Putin’s “favourite oligarchs” with deep ties to Premier league teams who is fighting to regain control of assets seized by European authorities, is being probed for a…

Bermudian-based Cool Company Ltd, the liquefied natural gas shipping company, has exercised its option to acquire two newbuild, two-stroke LNG carriers from affiliates of EPS Ventures Ltd.
The company…

Bermuda’s regulation of the digital asset business has focused on corporate behaviour and minimising the risks specifically related to priority problems of financial crime, a Bermuda lawyer has told a…

The phrase “cyber insurance” will quickly become outdated, a Bermudian underwriter has told Insurance Day, the UK-based specialty online publication.
Donavan Burgess is a senior vice president and dig…

The world’s largest lessor of intermodal freight containers, Triton International Limited which is based in Bermuda, will hold a special general meeting of shareholders August 24 to approve the announ…

Seismologist and author Lucy Jones is to be the keynote speaker at Convergence 2023, the conference presented by ILS Bermuda that attracts attendees from the alternative reinsurance, convergence and i…

Martello Re Limited, the Bermudian-domiciled Class E life and annuity reinsurer, has appointed Michael Baumstein as the company’s chief investment officer and chief financial officer.
The company said…

The two biggest items that people don’t want to deal with when it comes to money management are insurance and making a will.
Some of the real comments on buying life insurance, made to me during profe…

The RG/BSX Index closed on Friday unchanged at 2,100.52 after a day of no trading.
For the week, the Index was up 26.83 points (1.27 per cent) on share volume of 521 and turnover of $14, 264.35.
Overs…

A year into their partnership aimed at helping to move the community beyond single-use plastic, the environmental campaign group Beyond Plastic Bermuda and Bacardi have celebrated their progress to da…

BeesMont Law Ltd has added two senior counsel and a project management consultant as part of growth changes to the commercial law firm.
The recent appointments and promotions include Gretchen Tucker, …

Tina Herrero has been appointed chairwoman of The Chartered Institute of Arbitrators, Bermuda branch committee for 2023–2024.
She is joined on the committee by vice chairwoman Jennifer Haworth, and co…

Catastrophe bond and related ILS issuance has set second quarter records, according to insurance news and insights platform, Artemis.bm.

Their most recent Catastrophe Bond & Insurance Linked Secu…

Cambridge Beaches Resort & Spa welcomed a new executive chef yesterday.
A Kenyan national, their new executive chef, James Wambui, most recently plied his craft for two years at Huckleberry restau…

The RG/BSX Index closed on Thursday unchanged at 2,100.52 after a day of no trading on the Bermuda Stock Exchange.
Overseas, Butterfield Bank closed down 68 cents (2.45 per cent) at $27.07 on the New …

Nayms SAC Ltd, the Bermudian-based crypto-native insurance marketplace, has announced the issuing of the world’s first crypto-denominated industry loss warranty through the second segregated account o…

Banyan Risk Ltd, the Bermudian-based specialty managing general agent, has appointed Ben Munro to the newly-created role of chief underwriting officer.
Mr Munro will be responsible for overseeing the …

A former partner at Bermudian-based Nephila Capital has been appointed market innovation leader at Lockton Re, the reinsurance business of the world’s largest privately held independent insurance brok…

Axis Capital Holdings Limited, the Bermudian-based global specialty re/insurer, has appointed Raj Brar as head of international casualty MGA.
Mr Brar will be based in London and will be responsible fo…

Opening a food business is a lot more complicated in the United States than Bermuda.
Myah Ballentine learnt that setting up a cookie business, Mama Leche, in Cleveland, Ohio.
“It is so different out …

Now that a date has been set for the coming into force of the Personal Information Protection Act 2016, employers need to be aware of how this important legislation will affect them.
Pipa, which recei…

Brookfield Reinsurance and American Equity Investment Life Holding Company have entered into a definitive agreement whereby Brookfield will acquire all of the outstanding shares of common stock of AEL…

Steve Hearn, the chief executive officer at Bermudian-based Inver Re, is to leave the business this summer.
Mr Hearn joined Inver Re in 2021, following the acquisition of BGC’s insurance assets by Inv…

Reask, the Australian-based climate tech organisation, has announced a partnership with Kettle that will allow the Bermudian-based managing general agent to expand its climate-related offerings.
Kettl…

Liberty Global plc today announced that independent proxy advisory firm Institutional Shareholder Services has recommended that Liberty Global’s shareholders vote for all of the company’s proposals in…

The RG/BSX Index closed on Wednesday unchanged at 2,100.52 after a day of no trading on the Bermuda Stock Exchange.
Overseas, Butterfield Bank closed down 45 cents (1.60 per cent) at $27.75 on the New…

The Association of Bermuda Insurers and Reinsurers is sponsoring a training event organized by the Office of the Privacy Commissioner in conjunction with the UK’s Information Assurance for Small and M…

The Bermuda International Long Term Insurers and Reinsurers $30,000 scholarship has been awarded to Bermudian student Zyhun Robinson in his pursuit of a career in the Bermuda life re/insurance industr…

The Supreme Court’s decision on a pending case is likely to have huge ramifications for Bermuda and be of massive consequence to companies seeking to set up and operate segregated accounts from the is…