Royal Gazette

Butterfield Bank has reported net income for the third quarter of 2024 of $52.7 million, or $1.16 per diluted common share.
That compares with net income of $50.6 million, or $1.09 per diluted common …

Butterfield Bank has reported net income for the third quarter of 2024 of $52.7 million, or $1.16 per diluted common share.
That compares with net income of $50.6 million, or $1.09 per diluted common …

Resolution Re, the Bermudian-based life insurer and reinsurer, has appointed Tanika Williams to the post of vice-president, head of Human Resources.
Ms Williams joins from Artex Risk Solutions, where …

Bermuda market veteran Andrew Vaucrosson has joined the Bermuda Stock Exchange as its head of Policy and Risk.
Mr Vaucrosson, who took up the post this month, has vast experience in the corporate sect…

Burrows Lightbourn, the beverage distributor and retailer that has been in business for nearly 35 years, has announced the roll out of a rebrand that will take place over the coming months.
The compan…

A primary asset of a Bermuda investment holding company is selling its majority stake in the largest integrated port and maritime logistics operator in Brazil.
Ocean Wilsons subsidiary, OW Overseas (I…

Bermudian-based Axa XL has unveiled new cyber coverage to help businesses manage risks arising from developing their own generative artificial intelligence models.
Michael Colao, Axa XL’s global chief…

The Lloyd’s Market Association has appointed John Levett to the position of head of Regulatory Affairs.
He will report to Arabella Ramage, legal director of the LMA.
Mr Levett joined the LMA last Octo…

A spate of senior hires by the broking community in Bermuda reflects the development of the island’s insurance and reinsurance market, top executives have said.
A variety of brokers have been ramping …

The Regulatory Authority of Bermuda is within days of closing consultation on consumer protection rules — including whether people should get refunds for unplanned electricity outages.
As part of the …

Trott & Duncan Ltd has appointed Kemilah Swan as an associate in the firm’s Property and Estates Department.
The firm said Ms Swan has a wealth of experience and expertise, particularly in high-va…

Arch Insurance North America, which is part of Bermudian-based Arch Capital Group Ltd, has received PropertyCasualty360’s Insurance Luminaries Award for Technology Innovation.
The company said this re…

A subsidiary of Axa XL has announced an insurance agreement for 88 marine protected areas.

Axa Climate, an Axa Group entity, has renewed the parametric insurance coverage for 88 MPAs in the Philip…

AM Best has affirmed the credit ratings of Bermudian-based International General Insurance Holdings Ltd and its subsidiaries.
The credit ratings agency affirmed the financial strength rating of A (Exc…

Bermudian-based Axis Capital is to expand its use of Mea Platform’s generative artificial intelligence to deliver operational efficiencies while enhancing the speed and service that it provides to its…

The City of Hamilton’s residential real estate market is thriving with Coldwell Banker Bermuda Realty making several multimillion dollar sales in the past year.
That was revealed in a real estate mark…

Four companies with operations in Bermuda have contributed seed funding to back a non-profit organisation launched to empower at-risk communities to build climate resilience through effective insuranc…

Self-advocacy is a key skill entrepreneurs must learn if their business is going to thrive, according to the founder of a management consultancy firm.
Business owners must also demonstrate core leader…