Royal Gazette

On the eve of law firm Carey Olsen’s 125th birthday, group managing partner Alex Ohlsson said the company has “ambitious growth plans”.
“We are investing heavily in our people and our key systems, as…

Bermudian-domiciled Everen Specialty Ltd has reported a net loss of $108 million for the 2022 fiscal year.
The company reported a net underwriting loss of $21 million and a combined ratio of 109.2 per…

BMS, the independent specialist re/insurance broker, has appointed Monica Tigleanu as divisional director, cyber strategy.
Pending regulatory approval, Ms Tigleanu will be based in Bermuda and will re…

Cactus and Planet Math have announced that Nisha Smith, an actuarial analyst at Hannover Re, has successfully passed Exam P, a critical milestone in her actuarial career.
Ms Smith’s achievement comes …

The RG/Bermuda Stock Exchange Index shot up 334.09 points (15.66 per cent) on Tuesday, finishing at 2,468 with 1,550 shares changing hands at a volume of $18,105.
Two hundred Bank of N T Butterfield s…

Brookfield Renewable, the flagship listed renewable power company of Brookfield Asset Management, has agreed to issue $400 million (Cdn) of green bonds.
The Series 16 medium-term notes, due October 28…

Davida O’Brien, the Bermuda Tourism Authority’s tourism standards and training manager, is the new chairperson of the Bermuda Chamber of Commerce’s tourism/west end division.
She will help develop Ber…

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has appointed former Ace Bermuda boss Andrew Kendrick as non-executive chairman of the board of directors for Everest…

Butterfield Bank is to upgrade its systems over the Easter long weekend, rendering Butterfield Online unavailable for the entire period.
The bank said its online services will be unavailable from 4pm …

New mobile network operator Paradise Mobile will be using Amazon Web Services, Inc as its preferred cloud provider to help build an Open RAN 4G/5G network to provide Bermuda with innovative services.
…

Rosewood Bermuda has named Sarah Bray-West, the Bermuda-based designer and founder of sustainable sun hat collection, Sarah Bray Bermuda, as ‘Rosewood PlaceMaker’.
Married to a Bermudian, the Texan mo…

The Bermuda Business Development Agency has released its end-of-year report for 2022, providing details of the impact its work had in bringing direct economic investment and stimulation to the island’…

Everen Limited, the Bermudian-based energy insurer, has reported a net loss of $776.7 million for fiscal year 2022.
The company said the loss was driven by net investment losses of $524.8 million, net…

Jaime Chaves has joined Everest Insurance, a division of Bermudian-based Everest Re Group, Limited, to lead its insurance operations in Mexico, based in Mexico City.
Company executives seek to bridge …

Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has announced that Terri A Pizzuto has been nominated to join its board of directors.
Ms Piz…

A seminar to keep business owners, entrepreneurs and professionals ahead of the competition in a crowded marketplace has inexplicably been postponed.
The seminar was to be hosted Thursday by the Bermu…

The RG/BSX Index closed down 53.63 points (2.45 per cent) on Monday at 2,133.91.
Some 150 shares of the Bank of NT Butterfield & Son changed hands for a turnover of $4,350.
The bank closed at $29,…

The chief executive officer of the Association of Bermuda Insurers and Reinsurers is to be a featured presenter at the Global Insurance Symposium in Des Moines, Iowa, April 18-20.
John Huff will sit o…

BF&M Limited has lost $8.8 million for the year ended 31 December 2022, after last year’s profit of $25.2 million.
Net income from operations excluding fair value movements in investments and goo…

Bermuda’s international specialty re/insurer Convex Group Ltd is partnering with London’s Skyrisks Limited to address the fast-growing insurance needs of the advanced air mobility sector.
Skyrisks sai…

Jaime Chaves has joined Everest Insurance, a division of Bermudian-based Everest Re Group, Ltd., to lead its insurance operations in Mexico, based in Mexico City.
Company executives seek to bridge unm…

Bermuda is suffering from a slow-moving train wreck of food insecurity.
Churches and community groups involved in preparing hot meals for those who are quietly struggling are on the front line of a c…

Early into the 2023 cruise ship season, the Royal Naval Dockyard has already lost half of the first 20 cruise ship calls expected at King’s Wharf or Heritage Wharf, the official cruise ship schedule s…

The former Small Fry PR agency has rebranded and taken on the new name, Shoreline Communications.
A boutique agency, owned and operated by communications professional Siân Blackmore, it has been servi…

Annie Duke’s book, Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts, is an exploration of decision-making and how it is influenced by probability, uncertainty, and our own …

The first increases in merchant shipping fees in more than a decade are in the pipeline.
MPs gave consideration to the Merchant Shipping (Fees) Regulations 2023 that would see a fee hike for certain …

Bermudian-based insurer Enstar Group Limited has agreed to repurchase 1,597,712 non-voting convertible ordinary shares of Enstar held by Canada Pension Plan Investment Board for a price of $213.13 per…

Bonds issued by governments, corporations, etc are always in investment news.
Why? Because of their relationship to fluctuating market interest rates, credit and investment quality, ability to be boug…

The Bermuda Stock Exchange had a total of 5,600 shares trade during the week for $108,000, yet the RG/BSX Index remained unchanged, closing the week at 2,187.54.
Issues involved in the trades this wee…

Law firm MJM Limited has promoted Dan Griffin to the position of senior associate.
Mr Griffin’s practice, within the dispute resolution team, focuses on banking, finance and commercial litigation as w…

After five years at Café Olé in Hamilton Parish, restaurateur Stefano Barioni is moving and rebranding, and he is taking his famous fish sandwich with him.
He finishes up at Crystal Caves on April 3 a…

Applications are open for a summer programme that has generated more than $26,700 in revenue for young Bermudian entrepreneurs.
The deadline for the Bermuda Economic Development Corporation’s summer …

Lloyd’s has released its financial results for fiscal year 2022, confirming the loss before tax of £800 million, first reported this month when the organisation released a trading update containing pr…

Jason Hayward the Economy & Labour Minister has congratulated the Bermuda Business Development Agency on holding its second annual Bermuda Risk Summit earlier this month.
A government statement re…

Applications are open for a summer programme that has generated more than $26,700 in revenue for young Bermudian entrepreneurs.
The deadline for the Bermuda Economic Development Corporation’s summer …

The RG/BSX Index remained unchanged Thursday with limited activity on the domestic board of the Bermuda Stock Exchange.
That activity involved the Bank of N.T. Butterfield Ltd. stock, with 600 bank sh…

Mosaic Insurance, the Bermudian-based global specialty insurer, has launched litigation liability coverage, offering what it says is critical financial protection to policyholders against the risk of …

An Irish insurtech company handling £10 billion worth of insurance claims in London, annually, is considering opening an office in Bermuda.
Docosoft chief executive officer Aidan O’Neill sees Bermuda …

A Gibbons Company pop-up shop featuring discounted women’s wear is to continue operating through the end of April.
The store, in the Russell Eve Building on Church Street in Hamilton, near to the cent…

Lloyd’s has released its financial results for fiscal year 2022, confirming the loss before tax of £800 million, first reported earlier this month when the organisation released a trading update conta…

The Bermuda office of KPMG has strengthened its dedicated island healthcare advisory team based on the findings of the organisation’s 2023 Healthcare Horizons report.
Based on the report, KPMG said, i…

Representatives of Bermudian-based Cool Company Ltd, the liquefied natural gas shipping company, have rung the closing bell at the New York Stock Exchange, celebrating their new listing.
On hand for t…

Allegations filed in a US District Court may cast a shadow over some of the local plans of a company hailed by the Government for a multimillion-dollar city redevelopment proposal.
Construction is sla…

The inclusion of Class A office space for lease in a new multi-storey building planned for Hamilton has been welcomed by a leading commercial realtor.
The chairwoman of the real-estate division of the…

A digital asset business wishing to obtain a licence under the Digital Asset Business Act 2018 will become acquainted with three magic words: nature, scale and complexity.
In various forms these terms…

Butterfield Bank will not adjust its base interest rates on loans and mortgages in response to Wednesday’s 25 basis point increase in the target range of the US Federal Funds Rate.
The bank said the b…

BE Solar is to host a workshop to teach professionals about design and installation methods to implement energy efficiency, solar panels and battery technology in Bermuda.
The workshop is open to memb…

The Royal Gazette/BSX Index finished unchanged on Wednesday at 2,187.54 with 5,000 shares changing hands at a value of $90,000.
The BFM Ltd traded shares finished unchanged at $18.
Meanwhile the B…

Veteran Bermudian insurance executive Brian Duperreault has joined the board of Joyn Insurance, the insurance technology company, as an independent director.
Mr Duperreault previously served as execut…

Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has promoted twelve staff in the London and Bermuda offices.
The promotions cover a range of roles from underwrit…