Royal Gazette

People often come into the new Flower Bar on Reid Street asking if the place is a flower shop or a bar.
There are flowers in a fridge on one side, and a long white bar top running down the other, with…

Bermudian-based Golden Ocean Group Ltd, the world’s largest listed owner of large size dry bulk vessels, has reported second quarter net income of $62.5 million.
That compares with net income of $65.4…

The world’s leading global brokers – Aon and Marsh McLennan – have urged the insurance and reinsurance industries to build upon their capital, expertise and historical roles to help Ukraine’s resilien…

Acrisure Re, which has operations in Bermuda, has bolstered the leadership of its international reinsurance division with the appointment of industry veterans David Sowery and Nigel Dane.
Acrisure Re …

Captive insurance company owners will gain insight into the impact of the Bermuda Corporate Income Tax at this week’s Bermuda Captive Conference which begins tomorrow at Pier 6 in Hamilton.
Innovative…

As the elderly population continues to rise, family members are frequently stepping in to help manage relatives’ finances, especially when the elderly person faces cognitive or health issues.
Althoug…

Dear Dave,
Do you think it’s a good idea for a small business, one that’s very young but growing, to seek out investors?
– Trey

Dear Trey,
My advice to someone in this position is to grow their busin…

Aon, the global broking group, has expanded its reinsurance platform in Bermuda with the appointment of five new team members.
Jemma Henry and Lawrence Cheng have been appointed as managing directors,…

Brit Ltd, which has operations in Bermuda, has reported profit before tax from continuing operations of $362.4 million in the first half of the year.
That compares with profit before tax of $300 milli…

BermudAir has launched an Unlimited Flight Pass, offering frequent travellers unlimited travel on all BermudAir routes for three months.
Available exclusively through BermudAir’s official website, the…

After 14 years running her own dental practice in Bermuda, dentist Kianna Simmons is leaving.
The Bermudian moved her family to Tennessee three years ago, and has been attempting to sell Kerin Oral Ca…

Divorce is a challenging experience, laden with emotional and financial concerns. Many individuals worry about the costs — both emotional and financial — associated with the divorce process. However, …

Fitch Ratings has revised its global reinsurance sector outlook from “improving” to “neutral”, believing the pricing cycle has most likely passed its peak.
In a webinar on the global reinsurance outlo…

Lloyd’s has reported its best first-half underwriting result in 17 years as it posted an overall profit before tax of £4.9 billion, or approximately $6.45 billion, in the first half of the year.
That …

Moody’s Corporation has acquired Praedicat, the California-based provider of casualty insurance analytics.
The company said the acquisition adds comprehensive casualty and liability modelling to Moody…

Bermudian-based Enstar Group Ltd has announced the expiration of the 35-day “go-shop” period as provided for in the definitive merger agreement that will see Sixth Street, the global investment firm, …

Some 400 delegates are expected to attend the 20th anniversary event of the Bermuda Captive Conference next week at the Pier Six complex in Hamilton.
The 2024 conference, organised by the Bermuda Capt…

The Bermudian-run Ubersoca Cruise, a Caribbean music festival at sea, has been named the Best Cruise Event of the Year at the Caribbean Music Awards in New York.
The cruise exploring destinations such…

A top realtor has claimed that the Government is putting Bermudians in legal jeopardy by failing to resolve an international driving dilemma.
Over the past decade, Bermudians have reported difficulty …

The catastrophe bond market grew nearly 18 per cent year-on-year to a record $45.6 billion, a new report by Aon Securities has revealed.
In the 18th edition of its ILS Annual Report, the company said:…

Brianne Schoonover has been made EY Bermuda partner and insurance tax leader in Bahamas, Bermuda, the British Virgin Islands and the Cayman Islands.
A spokesman for the firm said her appointment refle…

Bermudian-based Artex Risk Solutions has appointed Rebecca Oliver to the post of global practice lead, Carrier Outsourcing.
Ms Oliver joins from WNS in London, where she served as senior vice-presiden…

The Bermudian-run Ubersoca Cruise, a Caribbean music festival at sea, has been named the best cruise event of the year at the Caribbean Music Awards in New York.
The cruise exploring destinations such…

The Bermuda Economic Development Corporation is to present a webinar designed to equip businesses with the tools and knowledge to harness the power of artificial intelligence.
“AI Essentials: Driving …

Bermudian-based Ascot Group Ltd has agreed to sell the Property and Casualty managing general underwriters owned by Ethos Specialty Insurance LLC to Ryan Specialty, the international specialty insuran…

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Inpex Insurance Ltd, the Bermudian-based single-parent captive of Inpex…

Brit Ltd has appointed industry veteran Jonathan Stephenson as head of Office, Bermuda, to lead the organisation’s expansion plans on-island.
Brit Reinsurance (Bermuda) Ltd is a Class 3B insurer licen…

Victoria Cunningham has been appointed as executive director of the Bermuda Foundation for Insurance Studies.
The organisation, which was founded in 1996 to attract Bermudian talent to the industry, s…

The Bank of NT Butterfield & Son Ltd has made three senior management appointments, including Bermudian Sean Lee, who has been appointed group head of Human Resources and joins the executive commi…

An insurance company is suing China Construction Bank for damages it claims stem from losses related to a scandal involving Israeli insurtech company Vesttoo, according to reports.
The 70-year old Chi…

Six students gained hands-on experience in the car dealership industry through a summer employment programme at Auto Solutions in Pembroke.
Chelsea Almeida, a recent Berkeley Institute honours gradua…

The Hamilton Princess and Beach Club, which opened in 1885, is a nominee finalist in two categories for the 2024 Historic Hotels Worldwide Annual Awards of Excellence.
The hotel has been nominated as …

Members of the Association of Bermuda Insurers and Reinsurers generated 2023 gross written premium of over $171 billion, up from $145 billion in 2022.
This was revealed in the association’s global und…

SiriusPoint Ltd, the Bermudian-headquartered global specialty insurer and reinsurer, has announced a new partnership with Gigasure, an insurtech start-up offering personalised travel insurance.
London…

Carey Olsen has promoted Bradley Houlston to counsel within the firm’s employment law practice in Bermuda.
The organisation said Mr Houlston has more than ten years of experience advising clients on a…

Hiscox Ltd has appointed Jane Guyett as an independent non-executive director and chairwoman of its remuneration committee, subject to regulatory approval.
The firm said Ms Guyett has more than 25 yea…

RenaissanceRe’s acquisition of Validus Re has helped catapult it into the top spot among Bermudian-headquartered companies included in a ranking of the world’s largest 50 reinsurers.
The annual list a…

An S&P Global Market Intelligence analysis has listed the head of Chubb Ltd, Evan Greenberg, as the highest-paid chief executive among US-listed property and casualty or multiline insurers, with t…

Augustus funeral home regrets to announce the death of ROBERT EUGENE DAVIS (CRUMBUG) son of the late Aurthur and elsie davis (Napier) of 15 Bradford…

We regret to announce the passing of DAVID PHILLIPSON in his 78th year; father of Kurt Phillipson and Erin Bernhard; sister to Gloria Rego (Ed) and…

A new report has highlighted the resilience of Bermuda’s long-term insurance sector against liquidity-related shocks in the current volatile global environment.
The Bermuda Monetary Authority has just…

Bermudian-based Ocean Wilsons Holdings Ltd has reported a 2024 first-half profit after tax of $38.4 million, the company reported in a filing with the Bermuda Stock Exchange.
That is a drop of $9.5 mi…

Bermudian-based Wilton Re is to reinsure $11 billion of reserves backing Prudential Financial’s guaranteed universal life policies.
Prudential said the deal advances the company’s strategic progress i…

An afternoon of science-focused content has been added to the three-day ILS Bermuda Convergence 2024 conference, at the Hamilton Princess Hotel and Beach club starting October 7.
A new third-day segme…

Let’s face it, going to school is an essential – and let’s be honest, compulsory – part of growing up. School allows children to absorb academic knowledge, learn about social interactions, foster frie…

Dear Dave,
I’m pretty responsible with finances, but my girlfriend is in a bad situation with her money and her career.
She has a huge car payment and lots of credit card debt. On top of this, it take…

Insurance industry veteran Peter Spires has joined Bermudian-based Aspen as group head of Compliance and deputy group general counsel, reporting to David Amaro, the company’s group general counsel.
Mr…

Registration has opened for an eight-week business education programme run by the Bermuda Economic Development Corporation.
Entrepreneurship 101 is designed to equip new and aspiring entrepreneurs in …

While newspapers struggle to gain young readers, a new summer internship programme at The Royal Gazette has bridged the generational divide.
This newspaper introduced four interns to journalism, givin…

An exploration stage mining company headquartered in Spokane, Washington that favours a move to Bermuda is to ask its shareholders to approve a re-domiciliation to the island.
Gold Reserve Inc, which …