Royal Gazette

Blockchain Deposit Insurance Corporation, the pioneering decentralised cryptocurrency insurer, has announced the launch of its cryptocurrency insurance platform.
Bermudian-headquartered BDIC is the in…

A Bermudian-based independent crude oil tanker company has warned of higher prices in 2025 due to geopolitical instability – but said the company’s overall outlook for the year is positive.
DHT Holdin…

Bermuda market veteran Jed Rhoads has been appointed to the board of directors of Radian Group Inc, the Pennsylvania-headquartered mortgage insurer.
“We are thrilled to welcome Jed to the Radian board…

Appleby’s Bermuda office is holding privacy officer boot camp to help them navigate the “exceptionally complex” and “demanding” requirements of newly launched privacy legislation.
Course instructor, D…

Bermudian-based Axa XL is providing a grant of $1.2 million to Save the Children for a five-year initiative to mitigate the impact of climate change across coastal ecosystems in Sierra Leone.
The comp…

Butterfield Bank has reported net income of $216.3 million for the 2024 fiscal year.
The bank said that result compared with prior year net income of $225.5 million.
Core net income was $218.9 million…

Butterfield Bank has reported net income of $216.3 million for the 2024 fiscal year.
The bank said that result compared with prior year net income of $225.5 million.
Core net income was $218.9 million…

AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Bermudian-based Mereo Insurance Ltd.
The outlook assigned to these credit…

Brian Duperreault’s return to the reinsurance stage is official with the launch this week of Bermudian-based Mereo Insurance Ltd.
Mr Duperreault is the cofounder and chairman of Mereo, which has recei…

The California wildfires could cost Bermudian based Arch Capital Group “somewhere between $450 million and $550 million” the company said in releasing fourth quarter results tonight.
The estimate is b…

Four accountants have been designated Fellows of the Chartered Professional Accountants, a prestigious accomplishment which is the highest honour in the accounting profession.
CPA Bermuda said the 202…

Two trusts and private wealth lawyers in the Bermuda office of Carey Olsen have been named in the 2025 edition of the Private Client Global Elite Directory.
The firm said the directory features the to…

Bermudian-based Axis Capital Holdings Ltd has appointed Emilia Siravo as head of ceded re, North America.
An Axis spokesman said: “Emilia will drive our North America ceded re strategy and execution, …

LOM Financial Group has promoted Jason Chlup to the post of senior investment adviser.
A spokesman for LOM said: “With over a decade of experience in client relationship management, investment advisor…

Kyla Bolden, the Bermudian founder and CEO of Wiz Learning will lead the second fintech Webinar of 2025, a government spokesman has confirmed.
The Economic Development Department said AI in fintech: i…

Dear Sir,
In 2019, I produced a documentary called Bermuda We Have A Problem to highlight bad driving habits on Bermuda’s roads. That video presented examples of speeding, running red lights, mobile p…

It is hard for them to ask but Lexy and Dion Correia are in need of help.
About a month ago, Mr Correia woke up jaundiced. Doctors were initially puzzled but a series of costly tests eventually reveal…

In the past five months, North Shore Medical Aesthetics Centre has carried out hair transplants on 24 people with the help of a visiting Turkish team of experts.
“The results we have seen have been im…

A business development leader at the Bermuda Clarity Institute remains steadfast in his assertion that there will be huge shifts in the workforce as a result of the development of artificial intellige…

Houston-headquartered Skyward Specialty Insurance Group Inc has commuted a loss portfolio transfer and adverse development and retrocession agreement with R&Q Re (Bermuda) Ltd.
Skyward said it rel…

There is no doubt about the convenience of having a credit card. These days, it is almost impossible to do anything without one – whether it’s making travel reservations, purchasing a large item, or …

Dear Dave,
My mum is 76, and the only debt she has is about $60,000 left on her mortgage. She has $600,000 in retirement accounts, plus a long-term care insurance policy. But she has just $25,000 in a…

Bermuda’s captive insurance sector had a significant presence at the just-completed 2025 World Captive Forum in Orlando, Florida.
The Bermuda Captive Network said it hosted a booth on the trade show f…

White Mountains Insurance Group Ltd, the financial services holding company domiciled in Bermuda, has reported comprehensive income attributable to common shareholders of $230 million for the 2024 fis…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior) of the operating subsidiaries of Bermudian-based PartnerRe Ltd.
Concurre…

Former United States senator Joe Manchin III has been appointed to the board of Athene Holding Ltd, the retirement services company formerly domiciled in Bermuda, and has also been named as an adviser…

Three Bermuda lawyers are among the seven from Appleby’s global private client & trusts and dispute resolution practices who have been recognised in the 2025 edition of the Private Client Global …

Bermuda’s most prestigious employer awards are now open to entries.
The 2025 RG Top Ten Awards are presented by PwC.
The awards are in their seventeenth year, with PwC in a presenting role for the fou…

Warwick Academy’s The Moral Hazards team are maintaining their lead in the KPMG Senior School Investment Challenge for the third month in a row.
They are up on their initial mock investment by nearly …

Neville Grant has stepped down as chief executive of Bermuda Commercial Bank.
The bank said Mr Grant is to “pursue other opportunities”.
A bank spokesman said: “Subject to Bermuda Monetary Authority a…

Applications are being accepted for Butterfield Bank’s 2025 undergraduate scholarship and paid summer internship programme.
The Bermuda Undergraduate Scholarship, offered every year since 1978 in hono…

Bermudian-based Arch Capital Group Ltd, the global insurer and reinsurer, has appointed the former chairman of Marsh McLennan Companies, International to its board of directors.
Arch said Alex Moczars…

DHT Holdings Inc, the Bermudian-based independent crude oil tanker company, has reported a net profit for 2024 of $181.5 million, a jump of $20 million compared with the 2023 net profit of $161.4 mill…

Ascot has promoted two members of its syndicate claims operation in Britain.
James Short has been promoted to chief claims officer, UK, responsible for the syndicate claims function, including claims …

BermudAir will soon have connections to 13 North American gateway cities, substantially improving outward opportunities for Bermuda travellers and improving airlift to the island for the benefit of bu…

A Hamilton business owner wants the City to expand its Sunday shopping offerings.
Shannon Philpott, owner of Holidae in the Washington Mall, thinks being open on the seventh day of the week could impr…

Bermuda’s burgeoning life reinsurance business is now seen as part of a developing offshore problem for the industry.
Moody’s Ratings says in a new report that offshore life reinsurance activity will …

Trust and estate practitioner Sorcha McGillycuddy has joined MJM Ltd’s private client team as an associate.
The Bermuda legal services firm said Ms McGillycuddy is a British-qualified associate with e…

CatX, the digital insurance and reinsurance marketplace backed by Silicon Valley investors Y Combinator, has launched an artificial intelligence-powered parametric platform on its Bermudian-based regu…

The credit ratings of Bermudian-based Everest Group Ltd and its subsidiaries remain unchanged following the company’s earnings release this week that reported $1.7 billion of net reserve strengthening…

Leaders of four Bermudian-based insurance and reinsurance powerhouses are to discuss how to navigate global risk on the opening panel of the Bermuda Risk Summit next month at the Hamilton Princess and…

Individual consumers and businesses in Bermuda should expect rising prices if US president Donald Trump applies high tariffs on goods arriving at American ports from Canada, Mexico and China, the lead…

With high import costs, rising inflation and the popularity of overseas online shopping, the retail climate in Bermuda can be challenging.
For example, the latest Retail Sales Index figures show that…

The Supreme Court of Bermuda has sanctioned a scheme of arrangement in relation to R&Q Re (Bermuda) Ltd.
A PwC spokesman called the scheme of arrangement innovative and the first of its kind in B…

Axcelus Financial has appointed Kimberly Gibson and Henry Komansky to executive roles in the organisation.
Ms Gibson becomes senior market development manager and consultant for the company’s Bermuda …

Bermudian-based Axis Capital Holdings Ltd has repurchased more than two million of its shares for an aggregate price of nearly $200 million.
In a filing with the US Securities and Exchange Commission,…

The Government is seeking concessionaires to provide goods and services at 11 public parks over the summer season.
The Department of Parks put out a request for proposals for business activity from A…

Markel is to move its access point for public directors and officers and large financial institutions coverage to the company’s Bermuda professional liability platform.
The moves come as the insurance…

While the Personal Information Protection Act provides organisations with a robust framework to segregate and protect personal information, the real challenge lies in turning those requirements into m…

Artificial intelligence is not a futuristic concept. It’s a strategic capability poised to deliver significant return on investment.
Attracting particular attention are two subfields – generative AI a…