Royal Gazette

The net income of the Bermuda Monetary Authority fell by more than $7.8 million last year, the Premier and Minister of Finance told the House of Assembly on Friday as he tabled the annual report of th…

June is Money and Relationships Month. In part one of this series, we look at your valuable human capital and your relationship with money.

Money: we know we need enough to feel secure as we mana…

Dear Dave,
When my wife and I got married, she had about $70,000 in savings and I had a lot of debt. We bought some property from her parents to build a home on, and she made a 20 per cent down paymen…

The RG/BSX Index closed on Friday up 0.95 points (0.05 per cent) at 2,048.51.
Ten thousand shares of Argus Group Holdings Ltd changed hands. The stock closed at $5.79, up four cents (0.7 per cent).
Fo…

Iannah Caines has been awarded the 2023 Deloitte Scholarship, which offers up to $30,000 per year for a period of either two or three years.
The annual scholarship is awarded to a Bermudian, BOTC, or…

A wholly-owned subsidiary of Bermudian-based insurer Enstar Group Limited has closed a loss portfolio transfer agreement with RACQ Insurance Limited to reinsure 80 per cent of RACQ’s motor vehicle com…

SiriusPoint Ltd, the Bermudian-based global specialty re/insurer, has appointed Bronek Masojada as chairman of its board of directors.
Mr Masojada, who joined the board on May 2, is an insurance marke…

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has announced that Glen Browne has joined the company as head of international corporate strategy.
He will report to …

A new deputy privacy commissioner has been appointed.
The Office of the Privacy Commissioner for Bermuda said Angie Farquharson brings a wealth of experience and expertise in the public service and d…

HarBSX Services Limited’s has become the Bermuda Stock Exchange’s latest listing sponsor.
James Gibbons, chair of the Harbour Group, rang the ceremonial bell on Thursday at Exchange House on Pitts Bay…

A bold initiative demonstrating leadership in the global re/insurance industry as it related to tackling climate change, has slowly been coming undone.
One by one, some of the world’s most dynamic ris…

Local retailers have been begging shoppers to ‘buy Bermuda’ for years, but the latest retail sales figures for February show they are barely paying attention.
Overseas declarations decreased 5 per cen…

The Office of the Privacy Commissioner is working with a UK-based organisation to help prepare organisations for compliance with privacy rules.
The IASME Consortium has developed governance standards …

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has announced that Mark Maritzen has joined the company as global chief underwriting officer.
Mr Maritzen is based in…

Security Associates is working with Thomas College in Maine, to extend graduate education to its employees.
The partnership offers a tuition discount for certain online graduate programmes to support …

Bermudian-based Bacardi Limited, the world’s largest privately held international spirits company, has appointed Alicia Enciso to its 13-member board of directors.
Bacardi said Ms Enciso brings more t…

Law firm Marshall Diel & Myers Limited has hired three attorneys and offered pupillage to two recent graduates as the firm continues to grow its business in Bermuda.
Sean Dunleavy and Tashae Trott…

Taxi owners have backed a call for a summit of transportation stakeholders to inform government policy.
The Bermuda Taxi Owners and Operators Association acknowledged and accepted the position taken b…

Clarien Bank senior management team members Miguel DaPonte and Jennifer Wild, have been promoted to new leadership roles.
Mr DaPonte, formerly Clarien’s senior vice-president, head of investment manag…

Four wholly-owned subsidiaries of Convex Group Limited, the Bermudian-based holding company, have been given a ratings boost by AM Best.
The ratings agency has upgraded the financial strength ratings …

Digicel+ customers will see a jump in their bill starting on July 1, the telecommunications provider announced on Wednesday.
The firm said along with this price adjustment each customer will receive a…

Professional services firm Marsh McLennan celebrated Global Volunteer Month in May with staff volunteering with two local organisations.
On May 12, about 60 Marsh employees partnered with Keep Bermud…

The RG/BSX Index was down 9.13 points (0.44 per cent) on Wednesday, closing at 2,047.55 on the Bermuda Stock Exchange.
Argus Group Holdings shares were the only traded security as the stock closed dow…

Butterfield has invited the public to view its reopened Front Street Banking Centre tonight from 7-9pm during the first Harbour Nights festival of the 2023 season to mark the building’s 100th annivers…

Palomar Holdings Inc, the parent company of island-based Palomar Specialty Reinsurance Company Bermuda Ltd, has announced the successful completion of certain reinsurance programmes incepting June 1, …

The billion-dollar acquisition of an Australian copper mine involving an investment by a Bermudian-based company is one step closer to a reality.
Metals Acquisition Corp announced that both Osisko Ber…

Former SiriusPoint chairman and CEO Sid Sankaran has been appointed managing director and group chief financial officer at FWD Group Holdings Limited, the pan-Asian life insurance business with more …

Bermuda market veteran Matthew Watson has joined Carey Olsen’s Hong Kong dispute resolution and litigation team as a partner.
Mr Watson, who was most recently a director in the litigation department o…

Andre Labonte has always been a problem solver.
So, when the president of Evolution Motors was continually asked by prospective buyers of the dealership’s electric vehicles where they were going to ch…

Emergence Limited is celebrating 40 years of delivering financial and performance management software solutions to Bermuda and international organisations.
The Bermudian-owned consulting company focu…

Heather Thomas and Jose Vazquez have been made independent non-executive directors at RiverStone International, the largest provider of legacy solutions in the Lloyd’s market.
Ms Thomas is currently n…

Membership delegations from more than 90 countries gather in Bermuda for a two-day conference later this year, when leaders from capital markets and financial services including global stock exchanges…

Appleby Bermuda partner Hannah Tildesley is to speak at The Commercial Bar Association North American and Offshore Meeting, taking place Wednesday through Friday in Boston.
Combar is the specialist as…

Bermudian-based Treefrog Consulting is launching a service to help local insurance firms follow new BMA regulations.
The BMA regulations, coming into effect on September 1, necessitate the implementat…

The RG/BSX Index closed on Tuesday down 13.41 points (0.65 per cent) at 2,056.68 after a day of trading on the Bermuda Stock Exchange.
Some 1,600 shares changed hands for a total turnover of $42,786.
…

Ariel Re, the global reinsurer with offices in Bermuda, London and Hong Kong, has appointed Katie Partington Howarth to the newly created role of chief capital officer.
Based in Bermuda, she will repo…

Apex Group Ltd, the Bermudian-based global financial services provider, has appointed Samir Pandiri to the newly created role of group president and member of the executive committee, to support and d…

Golar LNG Limited, the Bermudian-based owner of tankers that haul liquefied natural gas, has reported a first quarter net loss attributable to Golar of $102 million, inclusive of non-cash mark-to-mark…

Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has reported a net profit of $36.3 million in the first quarter of the year, which the com…

A key player in the island’s minibus industry has called for a summit involving stakeholders to resolve longstanding issues hindering the smooth transportation of tourists.
The head of the largest min…

Twenty-five speakers have been lined up for the Insol International Bermuda seminar on Thursday at the Hamilton Princess Hotel & Beach Club.
Insol International is a world-wide federation of natio…

AM Best has affirmed the financial strength ratings of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of Bermudian-based Hamilton Re Ltd and Hamilton Insurance Designated A…

The credit ratings of Validus Reinsurance Ltd have been placed under review with developing implications by AM Best in the wake of its upcoming acquisition by fellow Bermudian reinsurer RenaissanceRe …

Digicel Limited, the embattled international telecoms provider, still believes a consensual and comprehensive restructuring of the company is achievable in the near term, although it has now had to ob…

The RG/BSX Index closed on Monday unchanged at 2,070.08 after a day that saw no trading.
Overseas, the Bank of NT Butterfield & Son Ltd was unchanged Monday as the New York Stock Exchange was clos…

Bermuda’s national money laundering threat rating has been raised to high in the latest report authored by the National Anti-Money Laundering Committee.

Bermuda – Report on 2020 Money Laundering a…

Carey Olsen, the international law firm with an office in Bermuda, has been named Offshore Law Firm of the Year at the Chambers Europe Awards 2023, taking home the award for the second year running.
T…

A top civil servant is to leave government for the private sector.
Randy Rochester has been appointed to replace Warren Jones as the next chief executive of Polaris Holding Company Ltd
The senior civi…

As a new minimum wage is introduced this week, one community advocate is praising the Government for trying, but said it has not gone far enough.
The rule coming into effect on Thursday requires emplo…

The ratings of telecom provider Digicel have been lowered by a major rating agency.
These are the latest developments as the troubled company has hung on for a billion-dollar takeover by creditors, wh…