Business

Markel Insurance has appointed Preeti Gureja as chief risk officer for its United States and Bermuda insurance operations, subject to regulatory approval.
In the role, Ms Gureja will lead the risk ag…

Bermuda’s newest drinks offer is going down well among a crowd of spirits owned by the conglomerates. The man who brought it to life said it was gaining in popularity.
The latest Retail Sales Index fi…

Bermudian-based run-off specialists such as Enstar are playing a central role in a global non-life legacy insurance market now estimated at about $1.1 trillion, according to a new report from AM Best….

Hamilton Re is kicking off the new year with a host of leadership changes including a promotion for Susan Steinhoff who has been made chief underwriting officer.
Ms Steinhoff brings over 25 years of i…

The RG/BSX ended the day up 0.15 per cent, or 4.60 points, to close at 3,178.92, based on the trading of 2,800 shares of Bermuda Press Holdings Ltd, the parent company of The Royal Gazette. The compan…

Gallagher Re has appointed Scott Cobon as head of strategic solutions in Bermuda, strengthening the firm’s advisory and capital-focused capabilities on the island.
Mr Cobon joined the global reinsura…

Jennifer Haworth has joined Carey Olsen’s dispute resolution and litigation team as counsel in Bermuda.
The new hire brings nearly 20 years’ experience in commercial and civil litigation, regularly ap…

Ascot has announced a leadership transition as it moves to expand its reinsurance operations in the United States, with the chief executive of its Bermuda business set to relocate later this year.
Ju…

Bermudian Sergio Lottimore has been made senior vice-president head of speciality reinsurance at Hamilton Re, two years after joining the firm.
Mr Lottimore recently announced the new position on his…

Robert Bisset has been appointed chief executive, North America, at Lockton Re and Nick Durant has been appointed global vice-chairman. They take up their new posts February 1.
Bringing three decades …

Dear Sir,
I am speaking as one who, although born in Bermuda, have grandparents from three different Caribbean islands, Nevis, St Kitts and Barbados. Only my maternal grandmother was born in Bermuda.
…

The final months of 2025 brought a season of change for the Seely family, marked by the unexpected and the unplanned. This has led us to pause and think, regroup, and approach the coming year with a n…

Dear Dave,
My wife and I are on Baby Step 2 of your plan. Right now, we’re almost finished paying off the last of our non-mortgage debt, which includes unpaid taxes from previous years and some old cr…

The RG/BSX ended the week down 0.73 per cent, or 23.28 points, to close at 3,174.32 for the week after 13,157 shares traded on the Bermuda Stock Exchange.
There was no trading activity on Friday.
But…

A Supreme Court judge has found that Bermuda’s major telecommunications providers have a strong chance of success in their legal challenge to price controls imposed under the Regulatory Authority’s 20…

Bermuda’s current account balance continued the upward trajectory it began after the third quarter of 2024, recording a surplus of $532 million in the second quarter of 2025.
The sum of Bermuda’s surp…

Bermuda International Long-Term Insurers and Reinsurers has outlined its priorities for 2026, building on what it said was a year of strengthened policy frameworks, deeper industry understanding and b…

Brit Group Holdings Limited will begin writing property direct and facultative in Bermuda through Brit Re.
The Bermuda reinsurer will write US and global property D&F from January, with a focus on…

Aidan Mills has been appointed vice-president of mergers and acquisitions in Bermuda for Carrick Group Ltd, the Class 3A insurer. It is one of two recent appointments the company said would strengthen…

The rapid global expansion of data centres needed for the artificial intelligence industry could generate an estimated $134 billion in cumulative insurance premiums between 2026 and 2030, creating on…

Butterfield has opened applications for its 2026 future-talent programmes, including the Bermuda Undergraduate Scholarship, the Summer Internship Programme and the Graduate Talent Programme.
Jody Feld…

Bermuda-incorporated specialty insurer Ascot Group, has marked the start of its year-long 25th anniversary celebration, involving a journey that began at Lloyd’s in 2001 in the wake of the September 1…

The RG/BSX Index fell 37.97 points (1.19 per cent) to close at 3,159.62 after two issues traded on the Bermuda Stock Exchange.
Butterfield Bank fell by $1 (2.0 per cent) after 656 shares traded, to cl…

Compre Group Holdings Ltd, the Bermudian-domiciled reinsurer, will participate in George Street Re, the first casualty sidecar launched by QBE Re.
The transaction exceeds $550 million of fully-collate…

Butterfield has opened applications for its 2026 future-talent programmes, including the Bermuda Undergraduate Scholarship, the Summer Internship Programme and the Graduate Talent Programme.
Jody Feld…

Record levels of capital and more competition are likely to drive a new phase of consolidation in the global reinsurance market, with pressure expected to fall most heavily on smaller and private-equi…

A company providing a pay-as-you-go eSIM service to global travellers has listed Bermuda with the most expensive mobile data package for visitors.
The Bcengi TravelPass keeps users “connected worldwid…

United States property and casualty insurers cut their underwriting expenses to the lowest level in a decade in 2024, helping drive the industry’s combined ratio back below break-even, according to a …

Eric Andersen, an insurance industry veteran, will join American International Group as president and chief executive-elect from February 16.
The move follows a decision by Peter Zaffino, chairman and…

Bermuda Container Line Ltd has announced the appointment of George Hutchings to its board of directors. Mr Hutchings has also been named deputy chairman, the company has announced.
BCL plays a crucial…

Borr Drilling Limited has announced new contract commitments for two of its premium jack-up rigs.
In the Americas, the Ran has received a one-well extension with ENI in Mexico. The well has an anticip…

The newly established Corporate Income Tax Agency has contracts and advisory costs totalling more than $15 million so far, an analysis of procurement records by The
Royal Gazette shows.
The agency …

Gold Reserve Ltd has welcomed the removal of Nicolás Maduro by the United States.
The Bermudian-based company issued a statement on Sunday praising Donald Trump, the US president’s administration and …

The January 1 renewals have demonstrated Bermuda’s central role in the global reinsurance market, with negotiations finalised late in the cycle but progressing in an “orderly fashion”, according to Jo…

The Organisation for Economic Co-operation and Development has announced decisions among more than 145 countries and jurisdictions for a co-ordinated plan for a global minimum tax.
But the so-called I…

Sharmini Samuels has been appointed chief underwriting officer of the Bermuda-based collateralized reinsurance company, Fergus Re.
The company specializes in the reinsurance of primary-layer casualty …

Bermuda domiciled global real estate services firm, Cushman & Wakefield, has hired Andy Jansen as president of project & development services.
The firm completed its change of place of incorpo…

The RG/BSX and the Bermuda Stock Exchange remained idle today, with the index remaining at 3,197.60.
Butterfield Bank finished at $50.37 on the New York Stock Exchange, 67 cents (1.35 per cent) higher…

Rates for property catastrophe reinsurance fell sharply at the January 1 renewals and handed leverage back to buyers, according to Michael van Slooten, head of market analysis at Aon’s Reinsurance Sol…

Lorna Hutchman has been named as a new partner to Penrose Partners, the award-winning digital asset consultancy.
Previously the Bermuda-headquartered firm’s chief marketing officer, Ms Hutchman has su…

Throughout 2025, the United States economy demonstrated notable resilience despite persistent macroeconomic uncertainty surrounding fiscal and trade policy.
Consumer spending remained firm, supported …

Mandarin Oriental International Ltd has confirmed the completion of the $925 million sale of One Causeway Bay in Hong Kong.
The announcement clears the way for the final major condition for its agree…

Every January tells a familiar story: the Christmas lights come down, the last of the leftovers are eaten, and reality sets in with the arrival of credit-card statements. After weeks of festive genero…

Dear Dave,
Our daughter is 30, and she used to live a completely irresponsible lifestyle. This irresponsible behaviour extended into the way she handled her finances, too. While she was in college, sh…

The RG/BSX Index closed the week at 3,197.60, with no trading activity on Friday. For the week, the index rose 4.58 points (0.14 per cent), with 27,800 shares traded.
On the New York Stock Exchange, …

A political conflict more than 7,000 miles away is causing strife for some local retailers.
Chris Bryan, owner of Bermuda Trader, has seen shipping costs increase dramatically for the handmade goods …

Former Chief Justice Ian Kawaley will succeed Sir Christopher Clarke as president of the Court of Appeal, Government House has announced.
Sir Julian Flaux was appointed to the post of Justice of Appe…

Bermuda’s insurance market can expect to welcome a “Class of 2026” an advisory, broking and solutions company has reported.
Willis Towers Watson’s presentation entitled Insurance Marketplace Realities…

The RG/BSX Index rose 4.58 points, or 0.14 per cent today to close at 3,197.60, based on the trading of 10,300 shares of Allshores Ltd.
Allshores rose 50 cents (2.9 per cent) to close at $18.
Butterf…