Royal Gazette

The International Coaching and Leadership Institute has joined forces with Bermuda College to offer a new coach training and leadership development programme to professionals and students.
Beginning i…

Restaurateur Marico Thomas plans to double his FoodHub workforce by hiring 150 more people.
The new staff will be split among FoodHub’s new location in St George, currently under renovation, their ren…

The RG/BSX Index finished 2.09 points (0.09 per cent) higher at 2,232.82 after one issue traded.
LOM Financial Limited had 25,000 shares move, finishing 35 cents (6.8 per cent) higher at $5.50.
The B…

Seven participants in the fifth annual Summer Student Entrepreneur Programme presented by the Bermuda Economic Development Corporation have introduced their businesses to the community with a meet and…

International General Insurance Holdings Ltd has signed a non-binding letter of intent to acquire Energy Insurance Oslo AS, a Norwegian managing general agency.
The Bermudian company said the proposed…

James River Group Holdings Ltd, the insurance holding company based in Bermuda, has reported second quarter net income available to common shareholders of $5 million.
That compares to net income of $2…

Mosaic Insurance has launched a podcast series exploring the impact fast-changing risks are having on people, businesses, and global economies.
The “Mosaic Moment” series offers informed insights on e…

Butterfield Bank’s increased interest rates on loans by half a percentage point comes with a warning that more increases are likely to come soon.
The bank absorbed a third of the rise of the 75 basis …

Valaris Limited has reported net income of $113 million in the second quarter compared to a net loss of $40 million in the first quarter of the year.
The Bermudian-based offshore drilling services com…

Bermudian-based Textainer Group Holdings Limited, one of the world’s largest lessors of intermodal containers, has reported net income of $78.6 million for the second quarter.
That compares with $72.7…

RiverStone International, the acquirer and reinsurer of legacy and discontinued insurance business with an office in Bermuda, has announced that Mike Cain has joined the company as group head of legal…

A veteran honey producer has seen a major decline in the local bee population during his 40-year career.
Lewell Woolridge, of Bee Lovers Beekeeping in Paget, pointed to land development as the culprit…

Oliver Wyman, the global management consulting firm and business of Marsh McLennan, has announced the opening of a new actuarial office in Bermuda under the leadership of Faisal Haddad.
“As demand for…

LOM Financial Limited’s net profit for the first half of 2022 fell 90 per cent year-on-year to $823,493.
That compares with a profit of $8,052,398 for the same period in 2021.
In a letter to sharehold…

The RG/BSX Index remained unchanged at 2,230.73 at day’s end, after no trading on the Bermuda Stock Exchange.
The Bank of N.T. Butterfield & Son Limited finished the day down 30 cents (0.89 per ce…

Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a net profit of $28.8 million for the second quarter of the year.
That compares…

LOM Financial Limited’s net profit for the first half of 2022 fell 90 per cent year-on-year to $823,493.
That compares with profit of $8,052,398 for the same period in 2021.
In a letter to shareholder…

An American biosciences company has launched Aanika Re in Bermuda with initial backing from Adit Ventures, the global venture capital firm.
Aanika Biosciences was accepted into the Bermuda Monetary Au…

Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has reported net income attributable to common shareholders for the second quarter of $184.6 …

ATN International Inc, the Massachusetts-based parent company of One Communications and Fireminds, has reported a net loss of $500,000 for the second quarter of the year.
That compares with net income…

Ascot has announced the launch of a marine cargo and war facility which will provide coverage for vital grain and food products transitioning through safe corridors established by the newly signed Bla…

The announcement by Bermudian-based Fidelis Insurance Holdings Limited that it is to create a managing general underwriter has impacted the ratings of the company and its subsidiaries with AM Best.
Th…

The Bermuda Foundation for Insurance Studies has awarded $287,000.00 in scholarship funding to 12 students focused on careers in Bermuda’s insurance sector.
This brings the total amount of funding th…

The Bank of N.T. Butterfield & Son Limited increased interest rates on loans by half a percentage point (0.5 per cent), absorbing a third of the rise of the 75 basis point increase in the target r…