Royal Gazette

American insurance regulators have expressed concern about the use of offshore reinsurance by US life insurers, and are likely to follow up with more scrutiny, according to a report by Moody’s Investo…

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I own a small business with about 20 team members, and we’re doing pretty well. Last year, we had revenues of about $1.2 million and profits of $250,000. How do I find leadership within my …

Bermudian-based R&Q Insurance Holdings Ltd has appointed Stephen Welch and Lawrence Hirsh to its board as non-executive directors.
The company said Mr Welch has worked for financial sponsors and i…

Applications are open for a start-up pitch contest to be held during the International Tech Summit.
The contest is presented by conference organisers Penrose Partners in partnership with the Bermuda E…

Bermuda’s decision to introduce a corporate income tax is one of the cited reasons a Bermuda-domiciled biopharmaceutical company has proposed to change its place of incorporation.
The House of Assembl…

The insurance and reinsurance industry should brace itself for potential attacks on the public sector, targeting government and election infrastructure, a cyber-risk analytics company has warned in a …

A Bermudian insurance veteran is stepping down as chair of the Association of Bermuda International Companies.
Patrick Tannock will remain until the Abic board of directors chooses a successor.
The ne…

Howden has launched a new first-of-its-kind cargo war risk facility to protect vessels from drone and missile strikes by Yemeni-based militia groups in the Red Sea.
Howden’s cargo war facility offers …

Chaucer Group, the international insurer and reinsurer with an operation in Bermuda, has made two senior leadership promotions as new group CEO Richard Milner arrives at the company.
James Wright, Cha…

A Bermudian-based company has issued the first-ever catastrophe bond to cover losses arising from sustained cloud outage risk.
The Cumulus Re cat bonds with a value of $13.75 million were issued by Ha…

Digicel Group has appointed Leopoldo Gutierrez as group chief financial officer, effective May 1.
The company said Mr Gutierrez is an experienced finance executive with 20-plus years in global operati…

A new Front Street real estate firm is expecting buyers to “appear out of the woodwork” if the Federal Reserve cuts interest rates this summer.
“We already have quite a lot of buyers on the sidelines…

The International financial services company, LOM Financial Limited, has announced that the company purchased a total of 10,000 shares at an average price of $6.25 for cancellation during the month of…

Apex Group, the Bermudian-based global financial services provider, has appointed Navita Yadav as the Super Regional Head of Europe and member of the group executive committee.
The company said this s…