Royal Gazette

The upcoming impact of technology on healthcare, education and Bermuda’s major insurance and reinsurance industries will be the focus of a Bermuda Chamber of Commerce virtual presentation in conjuncti…

Three primary factors have spurred the growth of the island’s long-term sector over the last 10 years, a panellist told attendees at the 2022 Bermuda International Life & Annuity Conference on Mon…

Apex Group Ltd, the Bermudian-based global financial services provider, has expanded its ESG offering with the launch of a new Impact Positive Solution for investors and companies seeking to measure …

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has announced its expansion into the group personal accident and health insurance market.
The company said it has lau…

BF&M Limited has appointed Stephanie Hanson to the role of EVP, group chief operating officer.
In her new role, the company said, Ms Hanson will be responsible for overseeing all support operation…

Compre, the Bermudian-headquartered international legacy group, has appointed claims veteran Bill Bouvier as claims director, North America.
Mr Bouvier will be based in Compre’s Connecticut office and…

California-based Bamboo Ide8 Insurance Services LLC, which has a Bermudian-domiciled captive insurance entity, has announced the $16 million close of its Series A funding round.
Since launch, Bamboo h…

Bermudian-domiciled Monument Re has agreed the novation of a retrocession agreement from Enhanzed Reinsurance Ltd to Monument Re.
Enhanzed Re is a subsidiary of Bermudian-based Enstar Group Limited.
M…

Bermudian-based DHT Holdings Inc, the crude oil tanker company, has announced a new dividend policy with 100 per cent of net income being returned to shareholders in the form of quarterly cash dividen…

There is a new face at the LifeThyme Wellness Clinic on Church Street in Hamilton.
Jamie Kimball, an American acupuncturist with a passion for women’s health, has joined the practice.
Anne Marshall a…

A new deal that East End Asphalt Company Limited has signed with a US provider of industrial aggregate, Carver Companies, will positively impact the price, quality, and convenience of aggregate supply…

We Bermudians do have a unique culture, no question about it. Our music is unique, influenced from many sources: yet stands on its own identity as local musicians will make melodies individualistic, a…

June’s retail sales volume fell to a lower level than the pre-pandemic June of 2019, the government reported Friday night. Even less food was sold.
Retail sales for June 2022 decreased 4.3 per cent co…

The RG/BSX Index fell 26.01 points (1.08 per cent) to 2,375.41 for the day on a share volume of 1,900, pulled down by BF&M Ltd. which closed down $2.85 (11.9 per cent) at $21.15 on a share volume …

Acrisure Re, the reinsurance broking and advisory firm with an operation in Bermuda, has announced the expansion of its corporate advisory and solutions division into North America with the appointmen…

John Burke, global chief marketing officer of drinks giant Bacardi and president of Bacardi Global Brands Limited, will retire after more than 28 years with the company at the end of 2022.
During his …

A free, month-long pilot programme has paid dividends for Soham, the social enterprise that uses yoga and mindfulness to help young people grow into their best selves and live their best lives.
Tiffan…

The RG/BSX Index fell 0.65 of a point (0.03 per cent) to 2,401.42 after Watlington Waterworks Ltd. fell 55 cents (1.9 per cent) to close at $28.50, with its trading of 1,500 shares on the Bermuda Stoc…

Matthew Corbin has joined Rawlinson & Hunter as trust services manager.
Mr Corbin joins the firm with 20 years of fiduciary and corporate experience, specialising in the formation and administrati…

CFA Society Bermuda has announced that the next financial literacy series, offered in partnership with the Bermuda College PACE programme, is to begin on September 28.
The series will run from 6pm unt…

Essent Group Ltd, the mortgage re/insurer based in Bermuda, has announced that Anu (Henna) A Karna has joined its board of directors.
Mark Casale, chairman and chief executive officer, said: “Henna br…

The Bermuda Business Development Agency is to send a delegation to the InsureTech Connect event in Las Vegas next week.
BDA chairman Stephen Weinstein will speak on a panel entitled “Commercial Proper…

An Australian agriculture fund manager has appointed Apex Group Ltd, the Bermudian-based global financial services provider, for the provision of fund administration services.
Brisbane-based Laguna Ba…

Counterpart, the AI-driven management liability insurtech, has launched crime coverage for small businesses backed by Bermudian-based Aspen Insurance.
The policy can be purchased on a stand-alone basi…

Everest Reinsurance, the reinsurance division of Bermudian-based Everest Re Group, has made appointments to two key leadership roles in its international division.
Harald Jacobsen has been appointed s…

The Economic Development Department has launched the annual Reverse Pitch Competition.
Unlike a regular pitch competition, which involves participants presenting their business idea to potential inve…

Yolanda and Daron Harvey had to buy a cover for their car, because there is not much room in their garage any more. That is where they store all their thrones.
Since November 2020, the Warwick couple…

The RG/BSX Index rose 9.30 (0.39 per cent) to close at 2,402.07, affected by Argus Group Holdings Ltd. which rose 39 cents (6.5 per cent) to $6.39 on a trading volume of 3,000 on the Bermuda Stock Exc…

Shareholders of Bermudian-based R&Q Insurance Holdings Ltd have voted against resolutions brought by activist investors seeking to remove William Spiegel as a director and to appoint Ken Randall.
…

Grainne Richmond has joined the Bermuda office of Aon as executive vice-president, head of captives.
She joins from Strategic Risk Solutions, where she served as a vice-president.
Ms Richmond was prev…

Apex Group Ltd, the Bermudian-based global financial services provider, has expanded its presence in the Nordics region with the launch of new services delivered from its office in Sweden.
The company…

Evertas, the American crypto asset insurer with an island-based subsidiary licensed by the Bermuda Monetary Authority, has added Australia and Hong Kong to the growing list of countries where it has t…

Bermudian-headquartered Altamira Therapeutics Ltd has reached its extended enrolment target of 160 confirmed subjects in its Covamid clinical investigation to evaluate the safety, tolerability, and ef…

Bermudian accountants and their global partners at one of the ‘Big Four’ accountancy firms will soon vote over a proposal for a strategic break-up.
The move by EY may mean new directions for the audit…

Captives are playing an increasing role due to the evolving nature of the reinsurance market, a panellist told attendees at the 18th Bermuda Captive Conference.
Nicolas Plianthos, senior vice-presiden…

Bermuda has an important presence at the 64th edition of Rendez-Vous de Septembre in Monte Carlo this week, the first opportunity for the world’s major insurers and reinsurers to gather en masse in a …

The RG/BSX Index remained unchanged at 2,392.77 in the absence of any activity on the domestic board of the Bermuda Stock Exchange, for the second consecutive day.
The Bank of N.T. Butterfield & S…

A trio of international business organisations has released a survey to gauge the validity of their annual ‘international business is everybody’s business’ campaign.
The awareness campaign has been r…

The government has confirmed a continuing working brief, keeping track of developments on international tax considerations that could force the island’s largest multinationals to pay a global minimum …

Entrepreneurship 101, the education course hosted by the Bermuda Economic Development Corporation, returns to in-person delivery and organisers have slashed the cost to just $180 to ensure cash-strapp…

Klaus Sapelza has been appointed chief underwriting officer and Mario Spescha has been named chief operations officer at Bermudian-based Lumen Re.
Both were formerly part of the ILS team at LGT Capita…

Envelop Risk, the global specialty cyber underwriting firm, has launched Bermudian-based Envelop Capital Markets, a practice led by veteran underwriter and ILS specialist David Ross.
The company said …

Asta, the third-party managing agent at Lloyd’s, and Bermudian-based Catalina Group, a global provider of retrospective reinsurance and capital solutions, have announced that Lloyd’s have granted “in …

Apex Group Ltd, the Bermudian-based global financial services provider, has continued its growth in New Zealand with the acquisition of Implemented Investment Holdings Limited, the parent company of I…

Captives are playing an increasing role due to the evolving nature of the reinsurance market, a panellist told attendees at the 18th Bermuda Captive Conference.
Nicolas Plianthos, senior vice-presiden…

The Bank of NT Butterfield and Son Ltd, will shut down the bank accounts of the Bermuda Financial Network on Thursday, in effect putting the 26 year old company out of business.
It will mean the end o…

The new Salt Yoga studio is about to kick off its first round of beginners vinyasa yoga classes.
“Back to school and the new year are always popular times of the year for beginner yoga series to run,”…

The RG/BSX Index remained unchanged at 2,392.77 in the absence of any activity on the domestic board of the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited was up 56 cents (1.68…

HSCM Bermuda has promoted Rachel Bardon to deputy chief investment officer, and Gokul Sudarsana to chief actuary.
Ms Bardon joined HSCM in 2016 as the firm was being formed. Since joining she has been…

Growth in global insurance, and the subsequent naturally occurring expiry or capital exit are reasons for an increase in the global non-life run-off market.
Estimated liabilities rose 11 per cent to $…