Royal Gazette

A report giving Bermuda’s trust industry a high money-laundering threat level is misleading, according to a top industry professional.
Randall Krebs, director and legal counsel at Harbour Fiduciary, s…

Fourteen students have completed a 12-week summer internship programme with the Argus Group.
The internship was designed to give real world experience in various departments across the organisation. …

AM Best has upgraded the long-term issuer credit ratings of Global Atlantic Group from to “a+” from “a”, and affirmed the financial strength rating of A.
The Global Atlantic Group refers collectivel…

Warwick Academy head boy, Kwame Naylor, has received a full scholarship from Axa XL.
Mr Naylor will begin studying at Loughborough University in Britain in September, where he will major in business….

The Senate has approved a Bill that will fine appointed investment fund auditors $25,000 for failing to make required reports to the Bermuda Monetary Authority.
The Investment Funds Amendment Act 2023…

Creators of technology, whether financial services software, biotechnology, data analytics solutions or otherwise, know how extremely expensive those development costs can be.
Entrepreneurs and establ…

Bermudian-based reinsurer Itasca Re will be providing a reinsurance solution for Turkish Airlines.
The reinsurer announced today that it will be reinsuring aircraft non-payment insurance for the fina…

Clarien Bank and N.T. Butterfield & Son will increase their base lending rates by a quarter percentage point following a much-expected announcement from the Federal Reserve that US rates are risi…

The RG/BSX Index closed unchanged on Wednesday at 2,286.68 in the absence of any trading on the Bermuda Stock Exchange.
The Bank of NT Butterfield ended up $1.11 (3.53 per cent) on the New York Stock …

Bermudian-based Somerset Reinsurance has reached a third reinsurance agreement with Prudential Financial, the US-headquartered Fortune 500 company.
Making the announcement, Prudential said it has agre…

Nabors Industries, the Bermudian-based energy technology company, has reported net income attributable to Nabors shareholders for the second quarter of $5 million.
That compares to net income of $49 m…

Conduit Re, the Bermudian-based pure-play reinsurer, has recorded its first profit ever.
Part of the “class of 2020” group of companies that set up in Bermuda to capitalise on rising rates, Conduit Re…

Chubb Bermuda has selected three students to participate in its Select Internship Programme, which is now in its 11th year.
The company said the prestigious and coveted internship targets Bermuda univ…

Bermudian-based Axis Capital Holdings has made two appointments, one on each side of the Atlantic.
The global specialty insurer and reinsurer has appointed Andy Shaw as specialty team leader for North…

The largest shareholder of Argus Group Holdings is “unlikely” to support the insurer’s acquisition of a large stake in BF&M, a money-losing rival.
Without the blessing of Equilibria Capital Manage…

AM Best is taking a close look at the collateral of some rated insurers after reports of trouble at Vesttoo, an Israeli start-up that aimed to be the eBay of reinsurance, and which has a Bermuda entit…

Seventeen aspiring entrepreneurs between the ages of 18 and 25 have been selected to participate in the Young Adult Entrepreneurial Internship programme presented by Ignite Bermuda, the privately fund…

Argus Group Holdings reported a 7.5 per cent increase in net earnings in the year ended March 2023 as sales rose and interest income grew.
“Of particular note is how Argus continues to lead the way in…

Bermudian-based Martello Re has appointed Eric Lloyd, president of Barings, to the company’s board of directors.
Mr Lloyd replaces Michael Baumstein who recently stepped down from the board to join Ma…

Bermudian-headquartered Kiniksa Pharmaceuticals, a biopharmaceutical company with a portfolio of assets designed to modulate immunological pathways across a spectrum of diseases, has reported second q…