Royal Gazette

Bermudian-based Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, has reported a dramatic increase in GAAP operating income for the first quarter of fiscal year 2024.
Announc…

Ollie L Sherman Jr is tipped to replace J Adam Abram as the non-executive chairman of Bermudian-based James River Group Holdings Ltd.
The company said Mr Abram, a founder and former chief executive of…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Bermudian-based Through Transport Mutual Insurance Association Limite…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has appointed veteran industry executive Monica Cramér Manhem to its subsidiary …

Money is a consistent, persistent, necessary, and an all-too-often consuming pattern of litany in our lives.
It has existed as a medium of exchange with us, between us, around us in various formats, i…

Dear Dave,
My employer offers an employee stock purchase plan at a 15 per cent discount. I’m usually the kind of guy who buys stocks and holds on to them for ever. But when it comes to an opportunity …

The RG/BSX Index closed on Friday at 2,096.91, up 40.22 points (1.96 per cent) on the day.
One hundred shares in Bank of NT Butterfield Ltd changed hands for a turnover of $2,750. The stock closed at …

A US Securities and Exchange Commission official has reiterated why digital asset companies will face a hard road trying to argue that digital assets should not be regulated under securities laws.
He …

Since opening three years ago, seafood restaurant Aurora at the Newstead Belmont Hills Golf Resort and Spa has been going from strength to strength.
The MEF Ltd restaurant in Paget won Best of Bermuda…

Lloyds Banking Group has taken control of the Bermuda company that owns the Telegraph Media Group, it has been reported.
Meanwhile, The Times has said that AlixPartners has been appointed as receiver …

Although the Covid-19 pandemic cost the Cayman Islands Government two years of fiscal deficits — 2.1 per cent and 2.4 per cent of gross domestic product in 2020 and 2021, respectively — fiscal balance…

Lloyds Banking Group has taken control of the Bermuda company which owns the Telegraph Media Group, it has been reported.
Meanwhile, The Times has said AlixPartners has been appointed as receiver to B…

A group of 17 US property/casualty reinsurers wrote $27.3 billion of net premiums during the first three months of 2023, up from $24.6 billion for the same period in 2022.
A survey of reinsurers’ stat…

The RG/BSX Index was down 0.95 points (0.05 per cent) on Thursday finishing at 2056.68 with 6,925 shares trading on the Bermuda Stock Exchange.
Argus moved 1,925 shares, finishing at $5.75, down 4 cen…

A New York bank’s Bermuda insurer is one of two captive insurance companies with excellent credit ratings that have again been attested to by global rating agency AM Best.
Best affirmed the financial …

True Green Capital Management has selected The Apex Group to provide fund administration and investor reporting solutions for its Fund IV.
“Apex Group came highly recommended for their exceptional cli…

Fitch Ratings has affirmed Enstar Group Limited’s long-term issuer default rating at ‘BBB+’, senior unsecured notes at ‘BBB’, senior shelf registration at ‘BBB’ and preference shares at ‘BBB-’.
The ra…

Mosaic Insurance and Safe Security have launched an incentive to get clients with broader coverage and premium rating, credits of up to 30 per cent for sharing cutting-edge assessments of their cyber-…

Boutique brokerage McGill and Partners has offices worldwide, but cannot become the “go-to” place for complex risk without a presence in Bermuda.
This is the view of Kate Vacher, McGill and Partners …

The RG/BSX Index finished unchanged at 2057.54, on Wednesday, in the absence of trading on the Bermuda Stock Exchange.
Meanwhile the Bank of N T Butterfield & Son was up 70 cents (2.51 per cent) o…

The house that Brian Duperreault built could be on the market, valued at $2 billion.
Hamilton Insurance Group, which Mr Duperreault founded in 2013, is considering strategic options, including a possi…

Apex Group Ltd has entered into a three-year sponsorship deal with SailGP to accelerate gender equity and sustainability in sport.
The Bermudian-based global financial services provider said it become…

The US Securities and Exchange Commission has taken the final step in fulfilling a Congressional mandate to reduce reliance on, and references to, credit ratings in agency regulations.
In the Dodd-Fra…

Property speciality re/insurer IQUW has appointed Edward Noonan, the former Validus chairman and chief executive officer, as an independent non-executive director to the IQUW Holdings Bermuda board.
M…

John Fowle is to step down from his role as group CEO of Chaucer, the international specialty re/insurance group with a presence in Bermuda.
Mr Fowle joined Chaucer in 2002 and was appointed CEO in 20…

Axa XL has appointed Renaud Guidée as chief executive officer, Reinsurance, effective September 1.
Mr Guidée assumes the role from Nancy Bewlay, who has been appointed group chief underwriting officer…

The Opposition leader believes actions taken by the SEC against Binance and Coinbase raise significant concerns about Bermuda’s sterling reputation, especially considering its support for the cryptocu…

Kieran Bowling has joined Willis (Bermuda) Limited as senior broker in the property line of business.
Mr Bowling is a seasoned property broker, experienced in managing and placing large and complex an…

The Bermuda Business Development Agency is promoting the island’s burgeoning fintech sector this week at the Money 20/20 Europe conference in Amsterdam.
Money 20/20 Europe focuses primarily on the fut…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has appointed Claire Cordell as non-executive director, chairwoman of the audit …

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-based Associated Electric & Gas Insurance Services Limite…

Bermudian-based Meanwhile, the first and only life insurer with premiums in crypto currency, has launched with approximately $19 million in financing across two seed rounds.
The first was co-led by Sa…

Strategic Risk Solutions, the world’s largest independent insurance company manager, has announced that Charles “Chuck” Scherer has joined SRS Bermuda as a senior vice president – insurance linked sec…

Bermuda’s life reinsurance was a $539bn business in Bermuda in 2021 and is only projected to get stronger.
Yet, it is an area that people sometimes forget when they are making career choices, accordin…

A strongly worded letter to shareholders has been issued by the chairman of the board of BF&M Ltd., in the wake of the shock sale of more than a third of the stock of the domestic insurer to domes…

A subsidiary of Argus Group Holdings Limited has agreed to acquire a significant minority stake in BF&M Limited in a deal valued at $100 million.
Argus said Bermuda Life Insurance Company Limited …

Less than 24 hours after charging one Bermudian-linked fintech company, the US Securities and Exchange Commission has filed against a second.
The SEC charged Coinbase Inc today with operating its cryp…

American financial regulators have moved against the fintech firm that held high hopes for a Bermuda base, a firm that had promised to invest millions into the island.
The US Securities and Exchange C…

The parent company of Liberty Global, the UK communications giant, is said to be heading for a showdown with shareholders over its plan to redomicile to the island.
England’s Daily Telegraph newspaper…

Auto Solutions’ Somers Smith has been recognised by Suzuki Caribbean as one of the region’s top three sales representatives for the third time.
The 27-year-old Bermudian sales associate received the h…

The Bermuda Economic Development Corporation is seeking the services of an event planner for their Global Entrepreneurship Week conference in November. Prospective candidates have until next Monday to…

“Island Rose”, Hamilton Princess & Beach Club and Lili Bermuda’s collaborative fragrance, has been named Best Hotel Scent by Elle Magazine, which described it as a representation of what a vacatio…

Caroline Foulger has been appointed independent board and committee member for Legal & General’s Bermuda based companies.
She replaces Derek Stapley who is stepping down in April after a maximum n…

American financial regulators have moved against the fintech firm that held high hopes for a Bermuda base, a firm that had promised to invest millions into the island.
The US Securities and Exchange C…

Appleby, the international offshore law firm with an office in Bermuda, announced today on World Environment Day that it is furthering its sustainability commitment by working with London-based Planet…

After more than 60 years as a tourism ambassador on Bermuda’s waters, Nigel Prescott of the boat charter company, Tam-Marina, is calling it quits.
He is a victim of the closure of the Fairmont Southam…

STS Digital Ltd, a provider of digital asset trading solutions, has been granted a license to operate by the Bermuda Monetary Authority.
The Class T digital assets business license issued by the BMA a…

Acrisure Re, the reinsurance division of global re/insurance broker and fintech platform Acrisure, has forecast a close to normal hurricane season – but warns there is higher uncertainty in 2023 than …

The Bermuda Economic Development Corporation is to present Think Like an Entrepreneur, an in-depth course with the aim of teaching entrepreneurs how to establish goals and manage risks.
Driven by the …