Royal Gazette

Figures delivered for November by the Department of Statistics revealed the enduring slide for retail sales, with the index continuing to go in the wrong direction.
The Ministry of Economy and Labour …

The RG/BSX Index slumped 107.28 (3.95 per cent) to close at 2,610.14, as Bank of N.T. Butterfield Ltd closed down $2 (5.0 per cent) at $38 on a volume of 800 shares on the Bermuda Stock Exchange.
And …

Jason Hayward, the Minister of Economy and Labour, today pegged inflation for the year to November at 2.8 per cent, as measured by the Consumer Price Index released by the Department of Statistics.
Th…

Lawrence Scott, the Minister of Transport, will update parliament on the latest with regard to the UK sanctions imposed in light of the Russian invasion of Ukraine.
Addressing the matter today, David …

Carey Olsen Bermuda was the most improved offshore law firm on the island according to the 2022 edition of Chambers Global, the firm has announced.
The firm said it is ranked in all legal practice are…

Martello Re Limited, the newly-created life and annuity reinsurer based in Bermuda, has completed its first reinsurance transaction less than two months after launching.
The announced transaction cove…

Sompo International Holdings Ltd, the Bermudian-headquartered global specialty provider of property and casualty insurance and reinsurance, has appointed Jon Hiller as senior vice-president, head of i…

James River Group Holdings Ltd, the insurance holding company based in Bermuda, has reported net losses for the fourth quarter and full year 2021.
James River owns and operates a group of specialty in…

LONDON (Reuters) – Veon has “alternative routes to move cash”, Ukraine’s biggest mobile operator said yesterday after its boss warned that providing full-year guidance would be “irresponsible” in ligh…

Officials were last night trying to determine Bermuda’s role in the increasing raft of sanctions facing Russia, following its invasion of Ukraine.
As the super power advanced on Ukrainian cities and g…

CargoJet, “Canada’s cargo airline“, has apologised for the rash of delays and service interruptions that has left Bermuda importers in the lurch on more than one occasion recently.
The company vowed t…

The RG/BSX Index closed unchanged at 2,717.42 as two issues traded on the Bermuda Stock Exchange.
Argus Group Holdings Ltd. remained at $6.39 at the end, after 5,000 shares changed hands. And Watlingt…

Digicel and the Sargasso Group are teaming up for Pronto, a new joint venture, promoting innovation and technological development.
Pronto offers shelf-stable grocery categories such as household care,…

The Association of Bermuda International Companies (Abic) has expressed its concern that Bermuda will remain on a European Union grey list until October, although having done what was needed to satisf…

A year after its launch, global re/insurer SiriusPoint Ltd says it is “just getting started”.
The Bermudian-headquartered company debuted on February 26 last year as one of the first fully formed re/i…

Legacy specialist Darag Group, which has an operation in Bermuda, has appointed Andrew Pryde to the new role of group chief risk officer, subject to regulatory approvals.
Based in London, Mr Pryde wil…

Bermudian-based Liberty Group Limited has appointed Azeem Khan as managing director of its wholly-owned subsidiary, AG Holdings Limited.
The company said Mr Khan is an operational executive with more …

Bermudian-based Teekay Tankers Ltd, one of the world’s largest owners and operators of mid-sized crude oil tankers, has reported losses for both the fourth quarter and full fiscal year 2021.
The compa…

The annual Budget Breakfast hosted by the Bermuda Chamber of Commerce, scheduled for today, has been postponed until Thursday at 8.30am.
Chamber chief executive officer Kendaree Burgess said: “The Ber…