Royal Gazette

Energy mutual, Associated Electric & Gas Insurance Services Limited has won approval from a rating agency for its balance sheet strength, its adequate operating performance, neutral business profi…

Partner Keith Robinson at Carey Olsen Bermuda Limited and counsel Claire van Overdijk are presenting at the Global Elite’s inaugural Private Client Exchange Bermuda event June 28 and 29 at the St. Reg…

The cryptocurrency market is in upheaval, in concert with, and reflecting investor concerns in managing traditional capital market volatility.
Cryptocurrency is the latest evolution in the chain of me…

Dear Dave,
Sometimes on vacation trips I like to check out casinos. I always account for the money I wager in my budget, and I never spend more than I’ve allotted. How do you feel about gambling at a …

The RG/BSX Index finished up 54.01 (2.52 per cent) at 2,198.11 for the day after Bank of N.T. Butterfield Ltd. closed up 30 cents (1.0 per cent) at $30.30, on volume of 1,486.
Also up was Argus Group …

Specialty insurance underwriter Argo Group International Holdings, Ltd. has named a new CEO, Thomas A. Bradley, replacing Kevin J. Rehnberg.
Mr Bradley has served as Argo’s chairman since 2020, and h…

For the ninth consecutive month, the Retail Sales Index has tumbled, a period stretching through to March this year from as far back as the summer of 2021.
The Ministry of Economy and Labour has just …

The clock is ticking as the Government seeks to refinance a billion dollars of Bermuda’s debt over the next two years — with half a billion maturing in the upcoming fiscal year, and a $140-million not…

Phil Butterworth and wife Brittani Fubler love a good cup of Joe. She likes hers strong and adventurous. He likes his a little less strong.
Early in the pandemic they started bringing in their own co…

The RG/BSX Index remained unchanged at 2,144.11 after a day of no trading on the Bermuda Stock Exchange.
Meanwhile, the Bank of N.T. Butterfield & Son Limited fell three cents (0.10 per cent), clo…

Everest Insurance, the insurance division of Everest Re Group, Ltd has officially entered the Asian market after receiving regulatory approval from the Monetary Authority of Singapore to operate in Si…

Today, the Ministry of Economy and Labour released the March 2022 Retail Sales Index.
March’s retail sales fell 8.0 per cent compared to last year. In value terms, retail sales decreased by 4.5 per ce…

KPMG will co-sponsor the sixth Caribbean Infrastructure Forum as it returns, live and
in-person, at the Ritz-Carlton in Coconut Grove, Miami in September.
“Investment in state of the art, sustainable…

Financial service provider Apex Group Ltd has appointed Octopus Investments Australia to provide services to its fund structures focused on renewables investment.
Octopus Group is one of the largest o…

Craig MacIntyre, Scott Pearman and other Conyers directors will represent the law firm at trust events in Bermuda and overseas this summer.
Next week, Mr MacIntyre will speak at both Transcontinental …

The restaurant industry is facing some of its toughest times in decades, according to local eatery owners.
They spoke after the latest consumer price index figures for March confirmed price increases …

The RG/BSX Index closed unchanged at 2,144.11, with no activity on the domestic board of the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited closed down 11 cents (0….

Athene Life Re Ltd. made official their new office space recently on the second floor of Washington House in Hamilton.
It was the culmination of plans that began in 2020 to create a modern and more sp…

Acrisure, a global fintech firm with offices in Bermuda, has acquired veteran insurance brokerage Russell Scanlan.
The deal is expected to close soon, pending Financial Conduct Authority regulatory …

Aspiring teen entrepreneurs are invited to spend eight thought provoking days at BizCamp.
The camp, run by the Youth Entrepreneurship Initiative, returns to full day, in person workshops and group ac…

Butterfield is now accepting applications to its graduate talent programme through its website.
The programme is distinct from previous iterations in that it is open not only to university graduates b…

When Elysse McCarron graduated from university last year she struggled to find a job in her field of psychology.
So she decided to start her own business while she worked on getting her Master’s thro…

A Bermuda Supreme Court hearing has revised upwards Georgian billionaire Bidzina Ivanishvili’s estimated losses in a scandalous lawsuit involving CS Life, a division of the Credit Suisse bank.
The los…

The Economic Development Department revealed the 12 Bermudians selected for a global fintech education programme.
It results from a partnership between government, ViableEdu and Next, the island’s fir…

The RG/BSX Index closed at 2,144.11, up 27.60 (1.30 per cent) as Bank of N.T. Butterfield Ltd. rose 50 cents (1.7 per cent) to close at $30 on trading of 243 shares.
A second advancer was Bermuda Pres…

Argus Group Holdings Limited has reported full year results of $25.7 million to the end of March, compared to $10.1 million in the previous year.
Argus chief executive officer, Alison Hill, said the c…

Poor performance in investments and underwriting dropped domestic insurer BF&M to a first quarter loss for the period to the end of March.
The company said the $6.7 million loss is compared to the…

Vanessa Schrum, Appleby partner and group head of the private client and trusts department in Bermuda, will co-chair and speak at the Global Elite’s inaugural Private Client Exchange Bermuda 2022 on 2…

Brian Tedeschi has joined Ascot Re Bermuda as a casualty reinsurance underwriter.
Mr Tedeschi previously worked at Lockton Re as a reinsurance broker.
Prior to that, he held positions at Guy Carpenter…

UK and Ireland capital investor BGF has appointed Bermuda’s Apex Group Ltd to provide ESG ratings and advisory services to over 230 high-growth companies in its portfolio.
BGF is an established, indep…

A record number of Bermudian students are taking part in a summer intern programme with companies belonging to Bermuda International Long Term Insurers and Reinsurers.
Twenty six students, including t…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Palomar Specialty Reinsurance Company Bermuda Ltd.
It also affirmed t…

Today, and especially in business, we need to focus on identifying, relating to, and integrating with a multitude of new and changing communities, using each to further expand and strengthen the fabri…

The Bermuda insurance industry has been at the forefront of a global transition from paper to digital based processes, according to a British expert.
“Bermuda reinsurers have matched and in many cases…

Bruce Carnegie-Brown has been reappointed for a third term as chairman of Lloyd’s.
The reappointment runs to June 2025.
Since his appointment in June 2017, Mr Carnegie-Brown has set the strategic dire…

Global financial services provider, Apex Group Ltd. has launched the Apex Credit Data Lens, expanding offerings for credit strategies.
CDL is a secure, cloud-based portal which allows asset managers a…

US capital markets are crashing – when have we seen this before, and how many times have we experienced it?
It’s probably the first time if you are a young investor, for the rest of us it is déjà vu a…

Dear Dave,
I live with my boyfriend, and we have a baby together. I brought debt into the relationship, and I’m using your debt snowball method to pay it off, but he is debt-free. We have quite a few …

The RG/BSX Index finished unchanged at 2,116.51 with no trading for the day.
But for the week, the Index fell 125.57 points (5.93 per cent)
A total of 4,612 shares changed hands for the week valued a…

Bermudian-based Ascot Group has promoted Elizabeth Johnson to the position of chief operating officer, North America Insurance.
The newly formed leadership position will have oversight for the strateg…

Carol Dixon has become the eighth island resident to qualify as a chartered director, the Bermuda branch of the Institute of Directors has reported.
The IoD said Ms Dixon has completed all three stage…

Karen Boesen has resigned her position as a director of Seadrill Limited, the Bermudian-based offshore drilling company.
Seadrill said Ms Boesen informed the company that she had no disagreement with …

For the first time in the 17 years of the KPMG Senior School Investment Challenge, none of the teams made a profit.
Twenty one teams from ten schools took part in the annual event. The challenge was t…

The RG/BSX Index closed unchanged at 2,116.51, with no trading on the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited fell 29 cents (0.97 per cent) to close at $29.7…

Industry veteran Sima Ruparelia is to join PartnerRe Ltd, the Bermudian-based global re/insurer, on June 27 in the role of chief actuarial and risk officer.
Ms Ruparelia will be responsible for risk a…

TeleBermuda International Limited has partnered with net2phone, a US-based cloud communications provider, to provide its unified communications-as-a-service (UCaaS) solutions to TBi’s business custome…

For the first time, American International Group has been recognised as one of the 50 most community-minded companies in the United States.
AIG was given the honour by Points of Light, a non-partisan,…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior) of the operating subsidiaries of Bermudian-based Everest Re Group Ltd.
T…

BMS, the independent specialist insurance and reinsurance broker has acquired SRG Group, the Australian corporate retail broker with operations in Perth and Queensland.
This comes ten months after BMS…

Leaders from the Bermuda and Lloyd’s reinsurance market joined David Burt, the Premier and finance minister, in a round table discussion in London.
The Association of Bermuda Insurers and Insurers org…