Royal Gazette

Mentorship by industry leaders and subject-matter experts from two of the world’s major insurance and reinsurance markets awaits successful applicants for cohort 14 of the Lloyd’s Lab’s award-winning …

Bermudian-based Aspen Insurance Holdings Ltd is to call all 11 million of its outstanding 5.95 per cent fixed-to-floating rate perpetual non-cumulative preference shares for redemption on January 1.
A…

Liberty Mutual Insurance has appointed Marc Orloff as president of Global Risk Solutions North America, effective January 1.
Reporting to GRS president Neeti Bhalla Johnson, Mr Orloff will be accounta…

Avance Gas Holding Ltd is “as liquid as the seven seas” after selling the remainder of its fleet, its chief executive said as he revealed the company’s intention to wind up operations.
The Bermudian-b…

Axa XL has provided $30 million in credit insurance in support of a pioneering sustainable issuance for nature and climate in the Bahamas.
The Government of Bahamas, the Nature Conservancy, the Inter-…

Ascot Group has appointed Mark Benz as executive vice-president, head of Ascot US Alternative Risk Solutions.
In this newly-created role, the company said, Mr Benz will build and lead a portfolio focu…

Kebobs on the Curve, the island’s Middle Eastern restaurant, has reopened with new chefs and an expanded menu.
Owners Chris and Elaine Lima, and a silent partner, opened the takeaway restaurant in May…

Bermudian-based Golden Ocean Group Ltd, the world’s largest listed owner of large-size dry bulk vessels, has reported net income of $56.3 million for the third quarter of 2024.
That compares with net …

Asia Pacific Wire & Cable Corporation Ltd, the holding company incorporated in Bermuda, has reported net income of $900,000 for the first nine months of the year, a drop of $200,000 compared with …

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

Rakesh Thakrar has been appointed interim group chief financial officer of European savings and retirement services group, Bermudian-based Athora Holding Ltd.
Mr Thakrar will also join the Athora Gro…

The original 1988 US-Bermuda Tax Treaty has found a new home in the Bermuda Archives.
Discovered earlier this year by Solicitor-General, Shakira Dill-Francois, the Treaty had remained hidden in a col…

Shops in Hamilton will stay open late this month in a Chamber of Commerce initiative aimed at supporting local retailers.
The Chamber’s retail division is launching the Hamilton Mingle & Jingle ev…

Marco Capital Holdings Ltd, the European P&C insurance run-off group, has completed its acquisition of Inceptum Insurance Company Ltd, the British non-life insurance company in run-off, from Bermu…

AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Bermudian-based Fed Re Ltd, the Class E insurer registered with the Bermu…