Royal Gazette

Ocorian, the corporate and fiduciary services, fund administration and capital markets provider, has reported a significant increase in the number of captives it supports, with its Bermuda offices del…

Cruise ship passengers to Bermuda are about to enjoy high-quality internet services on Royal Caribbean Cruise Line vessels, through Starlink.
Royal Caribbean has announced it will implement SpaceX’s S…

A member of the Asia Securities Industry & Financial Markets Association has dubbed a Bermuda company the world’s largest independent service provider to financial services.
The observation comes …

In 2022, are you more or less happy than you were 15 years ago?
Gallup, the world-renowned leader in statistical analyses of polls on public opinion, knows the answer about how everyone feels – compil…

Your interview was an enormous success. The hiring manager thought you were intelligent and funny, plus your skills and experience checked every box – and then some. All there is to do now is sit bac…

On the eve of their centennial, Cambridge Beaches Hotel has opened the Sunken Harbor Club, the Bermuda version of the renowned New York City cocktail bar with the same name.
The dockside tavern and tr…

The RG/BSX Index slumped 53.63 (2.23 per cent) for the week, to close at 2,401.28, held back by Bank of N.T. Butterfield Ltd., which closed at $33.00, down a dollar (2.9 per cent) after trading of 1,5…

Caribbean property/casualty insurers posted an eight per cent increase in net income in 2021 to more than $70 million, highlighting carriers’ risk management practices, but the region remains highly v…

AM Best has revised the implications of the under review status to developing from negative for the financial strength rating of C- (Weak) and the long-term issuer credit rating of “cc” (Very Weak) of…

AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of the single-parent captive of INPEX, the largest oil and gas explorati…

The credit ratings of two Bermudian-based companies have been placed under review with negative implications by AM Best.
The ratings agency said it has placed under review with negative implications t…

The RG/BSX Index closed up 26.82 (1.13 per cent) at 2,401.28, fuelled by a sole trade on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield Ltd. closed up 50 cents (1.50 per cent) at $33.00 on a…

Chance Barnett, the founder of Bermuda’s new digital bank, Jewel, is one of the major speakers expected at the fourth annual Bermuda Tech Summit next month.
He is just one of the senior policymakers, …

Hamilton Princess & Beach Club has appointed Roydell Neverson as director of operations.
One month into her new post, Ms Neverson is responsible for hotel operations and serves as the second in co…

Six Bermudian law students have just completed Walkers annual summer internship, having been hosted by the Bermuda law firm in its Park Place office.
Kalshae Matthews, Caitlin Hyland, Jasmin Brown, Sa…

Compre, the Bermudian-headquartered international legacy group, has appointed Jonathan Zisaruk to the newly created role of executive director – capital, planning and projects, effective September 5.
…

Bermudian-based Apex Group Ltd, the global financial services provider, has made one acquisition, and closed on a second.
Apex has acquired Mainspring, a UK-based provider of venture capital fund admi…

Seadrill Limited, the Bermudian-based offshore drilling company, has reported an operating profit of $25 million for the second quarter of the year.
The company had total operating revenues of $284 mi…

Bermudian-based Signet Jewelers Limited, the world’s largest retailer of diamond jewellery, has reported GAAP operating income of $186.8 million for the second quarter of the year.
That is down from $…

Small business owners seeking to learn how to efficiently use social media in minutes a day to attract new clients or customers are invited to attend a workshop on the topic.
Social Media for Small Bi…

The RG/BSX Index plunged 80.45 points (3.28 per cent) to close at 2,374.46, dragged down by Bank of N.T. Butterfield Ltd., which fell $1.50 (4.4 per cent) to close at $32.30 after 1,117 shares traded …

The Bermuda company e-Link Commuting Co. Ltd., which is building advanced electric ferries, will partner with White Formula UK, a leading marine composite manufacturer known for Olympic and World Cham…

Everest Reinsurance, the reinsurance division of Bermudian-based Everest Re Group Ltd, has appointed Kevin Bogardus as senior vice-president, head of business development Asia Pacific, effective Septe…

Member companies of the Association of Bermuda Insurers and Reinsurers recorded a robust 21 per cent year-over-year increase in net premium written in 2021, the organisation reported.
Abir’s global un…

Susie Tindall has been promoted to managing director of Carey Olsen Services Bermuda Limited.
She succeeds Michael Frith, who has moved to the position of chairman.
Both have been with the corporate s…

Digicel Business has launched new rates for mobile business plans affecting corporate customers.
The company said that Digicel Business will offer faster, more reliable and secure coverage.
The servic…

Avance Gas Holding Ltd, the Bermudian-based company engaged in the transportation of liquefied petroleum gas, has reported a net profit of $18.4 million in the second quarter of the year.
That compare…

Risk, capital and strategic adviser to the (re)insurance industry, TigerRisk Partners LLC, has appointed Mitchell Rosenberg as partner and managing director of its investment banking division, TigerRi…

The first Bermudian feminine healthcare line to hit the shelves now has a growing international presence.
Bermudian entrepreneur Gayneté Jones launched “Best, Periodt.”, a female-engineered menstrual …

The provisional liquidators of a defunct bakery have offered to sell it, a published legal notice has advised.
The operators of the Cake Shop at 17 Curving Avenue, Pembroke, notified customers at the …

The RG/BSX Index remained unchanged at 2,454.91 after no activity for the day on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited finished the day up 11 cents (0.34 per cent)…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has sold its Endurance at Lloyd’s run-off business to RiverStone Holdings Limite…

Darag Group, the international legacy acquirer, has concluded a new agreement with an undisclosed captive insurance company.
The transaction structure was a novation of its 03-06 and 15/16 policy year…

The Bermudian principals of the world’s next generation of electric ferries and water shuttles know that the launch will draw a lot of international attention.
And with such global scrutiny, they see …

The value of global investments into insurtech plummeted by nearly 80 per cent in 2021, a report by London-based data and analytics company GlobalData Technology has revealed.
The organisation said th…

Vincent Darrell has won the 2022 Sheila Nicoll Argus Award, a $15,000-a-year scholarship, granted annually for three years.
The Argus Group said Mr Darrell will begin his degree in business management…

Aspiring entrepreneur Antoine Jones was the big winner as the Bermuda Economic Development Corporation celebrated the conclusion of the fifth annual Summer Student Entrepreneur Programme with an award…

The value of global investments into insurtech plummeted by nearly 80 per cent in 2021, a report by London-based data and analytics company GlobalData Technology has revealed.
The organisation said th…

DHT Holdings Inc, the Bermudian-based crude oil tanker company, has agreed to sell the DHT Edelweiss, a 2008 built very large crude carrier, for $37 million.
The company said the vessel is not fitted …

Bermudian-based Valaris Limited has been rated the number one offshore driller in EnergyPoint Research’s 2022 customer satisfaction survey covering offshore contract drillers.
The company said this an…

Bacardi, the Bermudian-based global spirits company, has launched Bacardi Reserva Ocho Rye Cask Finish, the second instalment in the brand’s limited-edition cask finish series.
The new aged rum offeri…

The new owners of a popular plant and nursery supplies business are off to a rousing start.
“Maintaining stock is our challenge – things are flying off the shelves,” said Eugene O’Connor, co-owner of …

Bermudians would accept more sustainable lifestyles, but change is hampered by the limited options available on the island, lack of education and regulation on where our waste goes, and the impact it …

“I was lucky to be in the right place at the right time. But many others were also in the same place. The difference was that I took action.” – Bill Gates
We humans are not very good at making dec…

The Bermudian-based subsidiary of US-based crypto currency exchange CoinZoom has been granted a license by the Bermuda Monetary Authority.
CoinZoom Global Ltd’s license under the Digital Asset Busines…

Eighty-one per cent of businesses surveyed have a ransomware coverage limit under $600,000 – or below last year’s median ransomware demand, a new report has revealed.
BlackBerry Limited and Corvus Ins…

Spend less, consume less, save more is a common mantra of financial advisers everywhere. It’s pertinent advice that may work when everything in a personal, community and government life is in equilibr…

Dear Dave,
My husband and I have always gotten by. We both make about $40,000 a year, we each turned 50 last month, and we only have a little bit of debt. Recently, my mother-in-law moved in with us d…