Royal Gazette

A strong fourth quarter could not overcome the impact of weather-related large losses over the course of the year as Bermudian-based RenaissanceRe Holdings Ltd reported a net loss attributable to comm…

Forming a radio station used to involve finding investors, buying expensive equipment and applying for a licence from the government.
These days all you need is a computer and the right software.
Th…

Chubb has reported record investment returns and excellent underwriting contributed to the company’s best financial year ever.
It included a fourth quarter net income of $1.31 billion and core operati…

Nippon Life Insurance Company, the Osaka-based organisation that is the largest Japanese life insurance company by revenue, has agreed to invest an additional $1 billion in Resolution Life, the Bermud…

Bermudian-based International General Insurance Holdings Ltd has repurchased 2,271,775 common shares in a privately-negotiated transaction.
The shares were repurchased at a price of $8.60 per share, f…

Chubb has reported record investment returns and excellent underwriting contributed to the company’s best financial year ever.
It included a fourth quarter net income of $1.31 billion and core operati…

Nippon Life Insurance Company, the Osaka-based organisation that is the largest Japanese life insurance company by revenue, has agreed to invest an additional commitment of $1 billion in Resolution Li…

Recent cyber-risk transference by re/insurers to the capital markets through insurance-linked securities issuances led to a cat bond listing on the Bermuda Stock Exchange – the market’s first cyber ca…

SiriusPoint Ltd, the global specialty re/insurer based in Bermuda, has appointed Trecia Sigle as global head of claims effective February 6.
Ms Sigle will be responsible for the overall management and…

Everest Insurance, the insurance division of Bermudian-based Everest Re Group Ltd, has expanded into the Spanish market.
The move follows the receipt of regulatory approval from the relevant authoriti…

AM Best has withdrawn the financial strength rating of A+ (Superior) and the long-term issuer credit rating of “aa-” (Superior) of XL Select Insurance Company.
The Connecticut-based company was recent…

Borr Drilling Limited, the Bermudian-based oilfield services company, has updated its preliminary revenue and operating expense guidance for 2022 and 2023.
For 2022, Borr expects to record revenues of…

Bermudian-based International General Insurance Holdings Ltd has repurchased 2,271,775 common shares in a privately-negotiated transaction.
The shares were repurchased at a price of $8.60 per share, f…

With the cost of groceries inching ever higher in Bermuda, people are desperate for a good deal.
Since opening bulk store Cost Cutters in St David’s last August, Joe and Maria DeMello have attracted b…

Danielle Riviere, a highly accomplished consultant, advocate and leader joins the Bermuda Chamber of Commerce as the new CEO, effective tomorrow.
Nathan Kowalski, BCC chairman, said: “The board sub-co…

The RG/BSX Index closed on Monday at 2,229.94, down 43.25 points (1.90 per cent) on the day.
Some 6,264 shares changed hands for a volume of $189,937 on the Bermuda Stock Exchange.
A total of 6,154 sh…

The Bermuda Economic Development Corporation is to hold a small business expo on February 11 at Willowbank Resort in Somerset.
The event, which runs from 11am until 4pm, will host 22 businesses and or…

Beyond Cancer Ltd, an exempted company registered in Bermuda, has appointed Gavin Choy as chief operating officer
Beyond Cancer, an affiliate of Beyond Air Inc, is a development-stage biopharmaceutica…

Aspen Insurance Holdings Limited, the Bermudian-based company, has announced that Mike Duffy has been appointed to the Aspen Managing Agency Limited and Aspen Insurance UK Limited boards, effective Fe…

The Bermuda International Long Term Insurers and Reinsurers organisation is encouraging young Bermudians who are interested in a career in the life and annuities industry to apply for its summer inter…

Specialty insurer Relm Insurance Ltd has announced the expansion of its strategic fronting partnership with Trisura Specialty Insurance Company, enabling the Bermudian-domiciled carrier to provide cap…

Insurance veteran Lauren Dieterich has joined Arch Insurance North America as chief operating officer.
She reports to Brian First, president of Arch Insurance North America, and will be a member of th…