Royal Gazette

The RG/BSX Index climbed 88 points (0.03 per cent) to end the day at 3,340.50.
Only Allshores saw activity on the Bermuda Stock Exchange with 10,050 shares trading to close at $21.79, up 9 cents (0.4 …

In the wake of accelerated conflict in the Middle East, insureds are advised to carefully review their terms and conditions regarding business interruption insurance to ensure that they are aware of a…

The cryptofinance firm XBTO is partnering with Bermuda Commercial Bank to transform XBTO’s American dollar payment infrastructure.
XBTO announced the new relationship with BCB on their LinkedIn page y…

A centralized management platform for the life and annuity sector has officially launched in Bermuda.
Foundry Insurance Services Ltd is dedicated to providing services, including investment, risk and…

Fidelis Insurance Group has agreed to pay $163.3 million to repurchase all the remaining shares held by one of its founding investors.
The deal will see Fidelis repurchase 8,597,170 common shares at $…

FRANKFURT, Germany (AP) — Oil prices rose sharply Monday as disruptions in tanker traffic through the Strait of Hormuz chokepoint raised uncertainty about how US and Israeli attacks on Iran would aff…

Brit Insurance’s full-year, after-tax profit surged 36.2 per cent to $651.8 million, helped by a strong performance from its growing Bermudian-based reinsurance unit.
The London-headquartered group, w…

Financial regulators, central banks and governments across advanced economies are becoming more concerned about the widening insurance protection gap.
A growing number of economic losses are going uni…

Hamilton Insurance Group Ltd reported record net income of $576.7 million for 2025 and declared a $206 million special dividend to shareholders, even after absorbing nearly $160 million in catastrophe…

Assured Guaranty Ltd delivered a year of sharply higher earnings and record per‑share value metrics in 2025, highlighting strengthened new business production and continued share repurchases, in a sta…

Butterfield Bank has entered into an agreement to acquire Rawlinson & Hunter in Guernsey, the independently owned Guernsey member firm of the Rawlinson & Hunter International Network.
The acqu…

Pinion Insurance, the newly launched technology-enabled speciality insurer incorporated in Bermuda, has appointed Kyle Selvig as its United States chief underwriting officer as it prepares to enter th…

Only hours after the English Market opened its doors at a new location on Front Street, they were shut down.
Owner Fabio Iannone told The Royal Gazette he was able to operate until 5pm yesterday (Wed…

Accounting and business advisory firm, Abacus, has appointed insurance executive Susan Pateras as board chairwoman and also appointed well-known businesswoman Coral Wells to the board.
“Susan and Cora…

The Bermuda Chamber of Commerce 2026 Budget Breakfast & Economic Forum, sponsored by PwC Bermuda, sold out within hours of tickets being released, the chamber said yesterday.
The event takes place…

The Bermuda Economic Development Corporation has organised a workshop for merchants offering a sales blueprint for success this Saturday.
The BEDC’s Entrepreneur Excellence Boot Camp is hosted by San…

Thanks to a new partnership with British grocery brand Sainsbury’s, everything is bigger at the English Market’s new store on Front Street.
“We have over a 1,000 new products,” said owner Fabio Ianno…

The Bermuda Monetary Authority has issued a public warning about two entities falsely claiming to be licensed in Bermuda.
A BMA notice said Coinmint Bermuda Ltd and Coinmint Bermuda Services Ltd are n…

Conduit Re absorbed a $119.1 million hit from the California wildfires last year — the largest loss in its history — yet the Bermudian-based reinsurer still delivered an 11.1 per cent return on equity…

A former Rosewood Tucker’s Point assistant manager has been recognised by Essence, the American magazine with a readership of 8.5 million.
Bermudian hotelier Richard Tucker, who is the general manage…

Retail sales dropped in September as food stores sales fell 4.8 per cent and previously robust vehicles sales were virtually flat.
It was the fifth fall in retail sales in the first nine months of 20…

Inflation rose to its highest level in more than a year as the consumer price index to September, the Government’s latest figures, ticked higher.
Consumers paid 2.2 per cent more for goods and service…

Pinion Insurance, a newly formed Bermudian-incorporated speciality insurance platform, will offer insurance capacity for managing general agents across the United States, British and European markets …

Insurance brokers were feeling somewhat underappreciated this week as fears of disruption from artificial intelligence led to temporary weakening of industry stocks.

Intelligent Insurer reported i…

In a spirited blend of sport, camaraderie, and community impact, Willis Bermuda has turned a day of pickleball into a powerful act of giving.
The insurance brokerage firm recently announced a $30,000…

Fidelis Insurance Holdings, a strategic capital allocator and risk selector in specialty insurance and reinsurance, has appointed Shane O’Donovan group chief actuary.
Mr O’Donovan will continue to rep…

Surprising Retail Sales Index figures just released from Government show no growth in the volume of retail sales for the year to September. In fact, there was a decline.
It was the sixth time there wa…

Inflation rose to its highest level in more than a year as the consumer price index to September, government’s latest figures, ticked higher.
Consumers paid 2.2 per cent more for goods and services th…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior) of PartnerRe’s operating subsidiaries.
Concurrently, AM Best has affirme…

AM Best has declared that the credit ratings of Cavello Bay Reinsurance, a subsidiary of Enstar Group, are unchanged.
The announcement was made following news that Enstar has entered into a definitive…

The CEO of a reinsurance company has suggested that reinsurance could soon move onchain.
Oxbridge Re’s Jay Madhu says tokenised reinsurance is closer than many expect, because more corners of traditio…

Bermudian-based re/insurer Vantage Risk, has appointed Oliver Ross as head of Bermuda casualty to strengthen the company’s leadership team.
According to Reinsurance News, Mr Ross joined the Bermuda of…

The Royal Gazette columnist, Carla Seely, has rejoined Freisenbruch Insurance Services Ltd as chief operating officer.
As a writer for the daily newspaper, Ms Seely offers insights and practical a…

Kingate Management Ltd, the Bermuda company linked to the fallout from the Bernie Madoff fraud, is set to be dissolved after more than a decade in liquidation.
In a legal notice published this week, t…

For the first time an executive from one of the world’s biggest computer chip makers will be speaking in Bermuda.
The Bermuda Principles Foundation has announced that Chelsea Sumner, Nvidia translati…

American subsidiaries of a Bermudian-based insurer have retained excellent credit ratings from AM Best.
Best has affirmed the financial strength rating of A (Excellent) and long-term issuer credit rat…

Walkers Bermuda and Carey Olsen have established themselves alongside the traditional legal powerhouses of Conyers and Appleby as top tier Bermuda law firms in the Chambers Global Guide 2026.
Conyers …

The global wealth and asset manager, Lombard Odier Trust (Bermuda) Ltd, celebrates its golden anniversary of being in Bermuda by partnering with the Association of Bermuda International Companies, sta…

On the eve of the start of a crucial tourism year, participants at a Government-convened Hospitality Workforce Summit have raised concern about ongoing recruitment challenges in some areas of the hosp…

I am not really into New Year’s resolutions probably because I either fail them or forget them but last year in 2025, I made a pact with myself: “Stop comparing myself to others.”
That meant no longe…

Dear Dave,
My husband and I make $180,000 a year combined. Right now, we’re working on our debt snowball. We’re almost debt-free except for our home, but we still have a little bit left on two car pay…

The RG/BSX Index ticked up 1.49 (0.04 per cent) to close at 3,418.28 after Bermuda Aviation Services moved the needle, closing at $1.35, up 25 cents (22.7 per cent) on trading of 188,000 shares ($253,…

For some retailers, Valentine’s Day has done little to pep up one of the slowest months of the year in Bermuda.
Some even told The Royal Gazette it was quieter than normal.
“Valentine’s for us is not …

Coinbase Global, Inc revealed significant expansion across key operational metrics while navigating a challenging market environment, in delivering its quarter four and full-year results.
There was re…

Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, donated $216,000 to 30 charities in 2025.
“Ariel Re is strongly committed to supporting good causes in the commu…

More than 215 people attended the Bermuda Economic Development Corporation’s 4th Annual Small Business Expo.
The event at CedarBridge Academy brought together new and established entrepreneurs, servic…

Nine new insurance registrations were confirmed last month, according to information released by the Bermuda Monetary Authority today.
There were also eight insurance applications reviewed in January …

The Personal Information Protection Act 2016 has been in effect for more than a year now, and employers in Bermuda are now fielding requests from their employees to access and review their employment …

Conyers’ legal team has maintained top-tier recognition across key practice areas in the Chambers Global Guide 2026.
The firm has retained its Band 1 rankings in the categories of corporate and financ…