Royal Gazette

AM Best has removed Coralisle Group Ltd’s subsidiaries from “under review with developing implications” and affirmed CG’s credit rating following its acquisition this month of Barbados-based Massy Uni…

Beyond Cancer Ltd, an exempted company registered in Bermuda, has appointed Susan Howell Jones as chief financial officer.
Beyond Cancer, an affiliate of Beyond Air Inc, is a development-stage biophar…

The Bermuda Monetary Authority confirmed the registration of seven insurers in April, taking this year’s number of new registrants to 27.
The BMA approved three restricted special purpose insurers – G…

SiriusPoint Ltd, the global specialty re/insurer headquartered in Bermuda, has appointed industry veteran Nick Pascall to the role of head of London and international casualty.
Mr Pascall will be resp…

California-based Altamont Capital Partners has acquired a majority stake and made a $150 million growth capital commitment to Fleming Holdings, the property and casualty insurance capital solutions bu…

The board of directors of Bermudian-based RenaissanceRe Holdings Ltd has announced a quarterly dividend of $0.37 per common share.
The dividend is payable on June 30 to shareholders of record on June …

Nayms has graduated from the Bermuda Monetary Authority’s regulatory sandbox to become the world’s first, fully regulated crypto-native insurance marketplace, the Bermuda Business Development Agency a…

This summer brings the second season of The Loren at Pink Beach’s Summer Guest Chef Series, being launched this weekend and bringing some top American chefs to the island.
“Last summer, we had between…

Among the high-powered speakers for the Bermuda Climate Summit next week, Tuesday May 24 at Rosewood Bermuda, will be Stuart Kirk, global head of responsible investments and global head of research an…

The RG/BSX Index remained unchanged at 2,335.84 in the absence of domestic company trading on the Bermuda Stock Exchange for the day.
The Bank of N.T. Butterfield & Son Limited finished down 31 ce…

On 6 April 2022, the Ministry of Economy and Labour announced that it would expedite the work permit process for qualified actuaries.
The temporary initiative is a response to the “high worldwide dem…

The Bermuda Monetary Authority has extended the deadline for insurers to respond to a data call by the organisation.
The original deadline of May 31 has been extended to June 30.
The BMA has also revi…

Bermudian-based re/insurer Vantage Group Holdings Ltd has appointed Gabriel Poppie as vice-president, central region executive, marketing and distribution.
Mr Poppie, who is based in Chicago, joins Va…

Industry veteran Andrew Smith has been tabbed to lead climate change related initiatives at Bermudian-based global reinsurer Conduit Re.
Mr Smith, chief risk officer since December 2020, takes on the …

Counterpart, the Los Angeles-based management liability insurtech, has announced the launch of their partnership with Bermudian-headquartered Aspen Insurance to bring Aspen’s management liability prod…

After two years of ferment, delivery trucks are rolling through again at On De Rock Craft Brewery on Market Lane in Pembroke.
Owner Simon Watkinson, has been struggling to keep the craft beer business…

A winding-up order has been made in the Supreme Court of Bermuda in relation to World on Wireless Limited, the television subscription provider.
TeleBermuda International Limited has acquired the busi…

Cinturion Corp Ltd, the Bermudian-registered global provider of scalable, subsea and terrestrial capacity-based network solutions, has reached an agreement with Lightstorm Telecom Ventures Pvt Ltd as …

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-based Lumen Re Ltd.
The outlook of these credit ratings is st…