Royal Gazette

The RG/BSX Index closed unchanged Wednesday at 2,309.65 with no trading on the Bermuda Stock Exchange for the sixth day in a row.
Butterfield was down 94 cents (3 per cent) at $30.43 at the close on t…

Bermuda’s entrepreneurs have been featured alongside business founders from around the world in a podcast designed and hosted by two Bermudian women.
The podcast, Resilient Entrepreneurs, aims to insp…

Arcadian Risk Capital Ltd, the Bermudian-based managing general agent and part of the “Class of 2020”, has entered into a direct and facultative property binding arrangement with Aviva Insurance Ltd U…

A newly released survey of global chief executive officers suggests one of the most pessimistic outlooks in over a decade.
The PwC Global survey found that 73 per cent of CEOs around the world, belie…

The second annual Bermuda Risk Summit, presented by the Bermuda Business Development Agency in partnership with the Association of Bermuda Insurers and Reinsurers and EY will have the theme “Innovatio…

The RG/BSX Index closed unchanged Tuesday at 2,309.65 with no trading on the Bermuda Stock Exchange for the fifth day in a row.
Meanwhile, Butterfield closed down five cents (0.16 per cent) at $31.39 …

Butterfield has announced the temporary suspension of Saturday banking, which will be out of commission until March 4.
In an email to clients, the bank said the service has been suspended “as we allow…

The programme management business of Bermudian-based R&Q Insurance Holdings Ltd, the non-life global specialty insurance company, finished 2022 with a flourish.
The company said R&Q Accredited…

Bermudian-based Apex Group Ltd, the global financial services provider, has acquired Luxembourg’s third party marketer, Alfi Partners.
Alfi promotes a selection of leading international asset manageme…

Kendaree Burgess has been appointed as the new chief operating officer of the Bermuda Business Development Agency.
Ms Burgess will officially begin at the BDA on March 6, which coincides with the firs…

The highest number of new insurance companies in almost a decade were registered by the Bermuda Monetary Authority in 2022 as the expansion of the long-term insurance sector continued, the BMA reporte…

A New York bank endorsed by the Bermudian Government to provide US banking services to Bermuda-licensed fintech companies was downgraded last week by an investment analyst to “hold” from “buy”.
The in…

A leading international online multi‐currency payment and risk management solutions provider, formed and based in Bermuda since 1998, has provided consumer pre‐authentication solutions for the online …

The Bermuda Monetary Authority confirmed the registration of 15 insurers in December, taking 2022’s total of new registrants to 84 – well above the 2021 total of 65.
It is also well ahead of 2020s tot…

The RG/BSX Index closed unchanged Monday at 2,309.65 with no trading on the Bermuda Stock Exchange.
The New York Stock Exchange was closed on Monday for the observance of Martin Luther King Jr Day.
On…

The Bermuda Foundation for Insurance Studies has hosted one of the highlights of its annual calendar – a speed networking luncheon connecting students with seasoned industry professionals.
Mentor netw…

Kendaree Burgess has been appointed as the new chief operating officer of the Bermuda Business Development Agency.
Ms Burgess will officially begin at the BDA on March 6, which coincides with the firs…

A US-based global alternative investment manager has announced the creation of Itasca Re Limited, a Bermudian-licensed Class 3B reinsurance company, to offer insurance financing solutions to buyers an…