Royal Gazette

Relm Insurance Ltd, the Bermudian-based specialty insurance carrier serving emerging industries, has inked a strategic partnership with cyber-risk analytics firm CyberCube to bolster its cyber underwr…

The island’s private wealth industry professionals have been returning from Lake Como, Italy where they were promoting Bermuda as a premier domicile for high-net-worth services to the world’s private…

In his hit song Part II (On The Run), rapper Jay-Z sings about how he is “Chucking deuces, chugging D’Ussé“.
But these days the richest rap artist in the world could be doing more choking than chuggin…

When Norwegian insurance executive Rolf Roppestad came to Bermuda for business meetings this month, he had a special request.
He wanted to meet his childhood hero, Bermudian footballer, Clyde Best, w…

Former US Ambassador to Ukraine and New York Times bestseller, Marie Yovanovitch, was at the top of the bill at the recent Women, Influence & Power in Law 2022 conference in Washington DC, attende…

Residents of the central parishes with a hankering for Indian or Chinese food will soon be able to have their order delivered by Food Hub.
The organisation said its Angle Street, Hamilton location wil…

Deep-pocketed football supporters are being flown to the World Cup using a private jet company registered in Bermuda.
RoyalJet, an award-winning provider of premium private aviation, is in partnership…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of Bermudian-based Somers Re Ltd and its subsidiaries.
They include Wat…

We covered great detail in the first three parts of “The Anatomy of A Mortgage Contract” series.

Part one: mortgage description overview is composed of two contracts, a deed and a mortgage, kinds…

Dear Dave,
I lost my job a couple of years ago. As a result, I ended up in about $25,000 of debt through credit cards and a consolidation loan. Now I have a great job making more than I’ve ever made b…

The RG/BSX Index remained unchanged on Friday as it rose 24.25 points (1.02 per cent) for the week to close at 2,356.63.
This, even though LOM Financial Limited fell 35 cents (6.4 per cent) to $5.15 o…

Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has appointed Michael Pearl as chief financial officer, effective January 1.
He currently ser…

Build America Mutual, the only mutual US municipal-only bond insurer, has completed a $150 million, fully collateralised reinsurance agreement with Fidus Re Ltd, the Bermudian-based restricted special…

Athene Holding Ltd, the Bermudian-based financial services company, has agreed to sell $400 million of 6.650 per cent senior unsecured notes due 2033.
The offering is due to close Monday, subject to s…

Fleming Insurance Holdings, the Bermuda-based class 3A company, has signed a reinsurance agreement to transfer certain casualty risks of Conifer Holdings and its affiliated companies.
Conifer, a spec…

Local mother, entrepreneur and inventor Antonia Holder — the founder of a new child-centred brand, Kids Digital Wellness — today announced the launch of an innovative ergonomically designed product to…

Competition and rising costs have put pressure on margins for the Bermuda Aviation Services Group, the company has reported.
The owner of BASFM, Otis, Weir Enterprises and Eastbourne Properties Limite…

The RG/BSX index closed unchanged at 2,356.63 with no trading on the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited finished down 11 cents (0.33 per cent) at $33.20…

Local mother, entrepreneur and inventor, Antonia Holder – the founder of a new child-centred brand, Kids Digital Wellness – today announced the launch of an innovative ergonomically designed product t…

AM Best has affirmed the financial strength rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of Bermudian-based Orion Reinsurance Ltd.
The outlook of these credit ratings is…

Borr Drilling Limited, the Bermudian-based oilfield services company, has reported a net loss of $54.9 million in the third quarter of the year, a decrease in loss of $110.4 million compared to the se…

Wasef Jabsheh, chairman and CEO of Bermudian-based International General Insurance Holdings Ltd, the international specialty risks commercial re/insurer, was scheduled to lead IGI in ringing the closi…

Bermudian-based Höegh LNG Partners LP, the floating liquefied natural gas service provider, has reported net income of $16.6 million for the third quarter of the year.
That compares with net income of…

Digicel Business Bermuda has made donations to two local charities – Vision Bermuda and Open Airways.
The company said the money was raised as a result of various fundraising activities that took plac…

An idea to combine the Government’s emphasis on vertical farming with the future of Bermuda’s cash-strapped football clubs has been hailed by an international football legend.
A 40-person thought lead…

Laura Smith-Mayne and husband Chris Mayne, of Furniture Walk in Paget, always talked about opening a mattress store in Hamilton.
“We have a presence on 12 Harvey Road, Paget, but it is very much a wa…

Everest Re Group Ltd has appointed global financial services veteran Hazel McNeilage as an independent, non-executive member of its board of directors.
“Hazel’s extensive global business experience an…

Bermuda’s fragile economic state is reflected in the latest consolidated financial statements released by Polaris Holding Company Limited, the organisation said.
In a filing with the Bermuda Stock Exc…

The Bermuda Economic Development Corporation is to host “Building Block One”, an introduction to business co-operatives workshop.
Facilitated by Rebecca Savoie, an international co-op ecosystem and bu…

The Bermuda Economic Development Corporation last night awarded $42,000 to 12 local winners of its annual Rocket Pitch competition.
Six first place contestants won $5,000 each for their business pitch…

Daniel Woods has become a Member of the Royal Institution of Chartered Surveyors.
He took a circuitous route to become RICS certified, but he thinks more young Bermudians should consider the prestigio…

Cool Company Ltd, the Bermudian-based liquefied natural gas carrier owner, has reported third quarter operating income of $36.4 million and net income of $36.8 million.
CoolCo achieved average daily t…

Staff at BDA Community Pharmacy in Hamilton fear that rising medication costs may be hitting Bermuda’s seniors the hardest.
“They are usually the people on numerous chronic disease medicines,” head ph…

Buoyed by trading of the Bank of N.T. Butterfield Ltd, the RG/BSX Index rose 26.82 points (1.15 per cent) to close at 2,356.63.
Butterfield finished the day on the Bermuda Stock Exchange at $32.50, up…

Two Bermudian brothers will appear on hit ABC television show Shark Tank, hoping to win the patronage of a big-league business honcho.
Trey and Donovan Brown, sons of former Premier Ewart Brown and P…

You can follow this year’s Bermuda Economic Development Corporation Rocket Pitch competition which starts at 6pm.
Entrants are:
Aaron Lugo Jr’s Lugo’s Mighty Mower, Osheah Douglas’s Smart Snaxx, Naj…

Digicel Group has won the Social Contribution Award at the 2022 World Communication Awards in London.
The award celebrates the service provider demonstrating the greatest positive impact on the marke…

The Bermuda Economic Development Corporation is to host a men-only event as part of its Global Entrepreneurship Week activities.
Next Man Up, a panel discussion, will be held on Thursday from 5.30pm u…

Bermudian-based Flex LNG Ltd, the liquefied natural gas shipping company, has reported net income of $46.6 million for the third quarter of the year.
That compares to net income of $44.3 million for t…

Antares Global Management (Bermuda) Limited has received approval from Lloyd’s to operate as a Lloyd’s in-house coverholder.
This will enable AGML Bermuda to write Lloyd’s business on behalf of Antare…

After hotel school, Bermudian Michael Skinner always intended to come back to the island to work, but opportunities abroad kept presenting themselves.
“I thought I would probably work in hotels overse…

The information and communication technology sector accounted for $190 million or 2.6 per cent of Bermuda’s gross domestic product in current prices in 2021, up from 2.5 per cent a year earlier, the M…

The RG/BSX Index slipped 2.57 points (0.11 per cent) to close at 2,329.81 as LOM Financial Limited traded down 35 cents (6.4 per cent) at $5.15 on the exchange of 25,000 shares on the Bermuda Stock Ex…

FoodHub and FourStar locations has ceased automatically giving out utensils and napkins, the organisation has announced.
They said the initiative, an effort to help the planet and decrease their envir…

The spectacular collapse of FTX Trading Ltd, the world’s second largest crypto currency exchange, has prompted the Bermuda Monetary Authority to issue a warning to consumers – understand a product and…

AM Best has affirmed the ratings of two Bermudian-domiciled captive insurance companies for Schlumberger Limited, a global technology company in the energy industry.
The agency has affirmed the financ…

Bermudian-based SFL Corporation Ltd, one of the world’s largest ship-owning companies, has reported a net profit of $49.9 million in the third quarter of the year.
Announcing its preliminary financial…

A former official in the administration of US president George W Bush has been appointed to the board of Partner Re Ltd.
Reuben Jeffery III, appointed as an independent director, served as Under-Secre…