Royal Gazette

After days of inertia, the RG/BSX Index had a busy end to the week, with $222,500 worth of shares trading on Thursday on the Bermuda Stock Exchange.
The BSX was scheduled to be closed for the Bermuda …

Controversial minimum wage rules come into effect on June 1, requiring employers to pay employee wages of no less than $16.40 an hour.
Some of the poorest-paid workers, however, may find a shock.
For …

A year and a half into operations, the English Market grocery store in Hamilton is launching a delivery app.
“We want to reach everyone on the island,” managing director Fabio Iannone said. “All our…

The Bermuda Economic Development Corporation is encouraging entrepreneurs to submit applications for the Global Atlantic Re Foundation pitch competition.
To be held on September 28, entrepreneurs will…

The Bermuda Economic Development Corporation is encouraging entrepreneurs to submit applications for the Global Atlantic Re Foundation pitch competition.
To be held September 28, entrepreneurs will sh…

The RG/BSX Index remained static at 2125.12 on Wednesday for the eighth day in a row, with no shares trading on the Bermuda Stock Exchange.
Meanwhile, the Bank of N T Butterfield closed down 33 cents …

Bermudian Daniel Rance has been promoted to the role of chief underwriting officer, at Liberty Mutual Bermuda.
Mr Rance will be responsible for driving underwriting strategy across all Bermuda lines a…

Sompo International, the Bermudian-based global provider of commercial and consumer property and casualty re/insurance, has opened its first Canadian branch in Toronto.
Industry veteran Rohan Dixon is…

Bermudian-based Cool Company Ltd, the liquefied natural gas shipping company, has reported net income of $70.1 million for the first quarter of the year.
That compares with net income of $33.1 million…

Suzanne Johnson, senior adviser to the United Nations Global Compact Ocean Stewardship Coalition, is to be among the keynote speakers at the second annual Bermuda Climate Summit next month.
The event,…

Bermudian-based RenaissanceRe Holdings Ltd has announced the pricing of an underwritten public offering of 6.3 million of its common shares at $192 per share, before underwriting discounts and commiss…

Axa XL has appointed Vicky Roberts-Mills as head of energy transition.
The company said this new role will bring together the full capabilities of Axa XL and Axa Group to enable the business to be an …

Butterfield’s postponed Wednesday May 24 open house at the reopened Front Street Banking Centre, due to bad weather, has been rescheduled for next week Wednesday night.
The public may attend next Wedn…

The definitive agreement to sell its treaty reinsurance business to RenaissanceRe Holdings Ltd in a deal valued at nearly $3 billion is strategically significant for both American International Group …

The RG/BSX was unchanged on Tuesday, for the seventh day in a row, at 2,125.12 in the absence of any trading on the Bermuda Stock Exchange.
Meanwhile, the Bank of N T Butterfield rose 73 cents (2.85 p…

Bermuda’s gross domestic product increased 2.4 per cent in the fourth quarter of 2022, according to Jason Hayward, the Minister of Economy and Labour.
Newly released figures from the Ministry included…

New government figures have the Bermuda current account recording a surplus on trade with non-residents of $161 million in the fourth quarter of 2022, representing a $64 million decrease year-over-yea…