Royal Gazette

There was another significant jump in imports outlined in the latest retail sales figures released by Government, this time for May. Selected overseas declarations increased 8.0 per cent compared to M…

Inflation idled under two per cent, according to the May 2025 Consumer Price Index released today by the Ministry of Economy and Labour together with the Department of Statistics.
Consumers paid 1.8 …

Bermuda was hosting a group of international regulators this week for meetings of the Capital and Solvency Working Group of the International Association of Insurance Supervisors.
The CSWG is a body o…

Seventy-two per cent of chief economists expect the global economy to weaken next year owing to disruptions in trade, technology and resources, says a new report from the World Economic Forum.
The for…

When Jozelle Opoku, president and chief executive of the Chartered Professional Accountants of Bermuda, asked at the organisation’s annual meeting for a show of hands on artificial intelligence usage …

The Butterfield Bermuda Championship will return to Port Royal Golf Course this November with new offerings from Butterfield and Mastercard designed to enhance the spectator experience.
A highlight of…

Bermudian-based Hudson Structured Capital Management has acquire a seasoned portfolio of insurance-linked-securities from specialist ILS manager Twelve Securis.
The move came shortly after the asset m…

The Bermuda Tourism Authority has signed on as a sponsor of the Lumina Festival’s first Financial Literacy Summit, joining forces with the Bermuda Economic Development Corporation to highlight the is…

Appleby Bermuda has advised MultiStrat, a Bermudian-based collateralised insurer and reinsurance investment platform, on a strategic investment from a large institutional asset manager with more than …

Bermuda resident Lauren Anders Brown was heartbroken when she had to leave her dog at the border in Britain because of a glitch.
Her spaniel, Paddington, had been given the wrong dewormer, so had to b…

Ben Rose, a leading voice in the reinsurance sector, has issued a warning: the industry is on track to “waste $100 billion a year on data problems” if it fails to modernise its approach and share its …

In Bermuda, many — if not most — of our international businesses are part of a multinational enterprise that stores and manages massive amounts of data, runs complicated business operations, and gener…

The Sandys Parish Council is celebrating the launch of its new business website with a networking event at Cambridge Beaches Resort and Spa tomorrow.
The gathering is for Sandys entrepreneurs, small a…

The RG/BSX Index finished down 9.43 points (0.32 per cent) to end the day at 2,907.04 on the Bermuda Stock Exchange.
Only Allshores Ltd saw activity with 5,600 shares changing hands to close at $16.01…

Sun Life International has been named Bermuda’s top employer for the second year running — and clinched the diversity and inclusion award with a record-breaking 90 per cent score.
The honours were pre…

Sixteen years after its inception, the RG Top 10 Employers Awards has evolved beyond job perks or paycheques. It is about the deeper values shaping Bermuda’s workplace culture.
The awards, presented b…

The Bermuda Monetary Authority has unveiled new rules that raise the bar on how financial companies prepare for shocks, from hurricanes to cyberattacks. Boards of directors will now be held directly …

Bermuda’s new corporate income tax regime is coming with a set of incentives that could reshape how big companies operate on the island.
The Ministry of Finance has published draft legislation for thr…

Apex Group Ltd, the Bermudian-based global financial services provider, has released a new e-book aimed at helping fund managers access Europe’s tightly regulated investment market.
The guide, Europe…

A court sanction hearing on two Bermudian-based investment companies’ plans for an all-share combination has been delayed due to objections from a major shareholder.
Earlier this year, the boards of O…

Fourteen years on, The Royal Gazette Top 10 Employer Awards have evolved beyond job perks or paycheques. They are about the deeper values shaping Bermuda’s workplace culture.
The awards, presented by …

Bermuda’s largest telecoms provider says piracy is gutting its television business, reporting a 10 per cent year-on-year drop in revenue owing to the spread of illegal streaming services and unregula…

Only a day after stocking a wildly popular doll, People’s Pharmacy offered refunds to some dissatisfied customers.
Labubu dolls, with their small, bunny ears and toothy grin, have been around for six …

Bermuda’s insurance market added three new companies in August, keeping the year on track to surpass last year’s total registrations, according to the Bermuda Monetary Authority.
The BMA confirmed the…

Deloitte has introduced a suite of new artificial intelligence features within its global cloud-based Omnia Audit and Assurance platform, designed to enhance the audit process.
The new capabilities in…

Cambridge Beaches Resort and Spa is bringing its World’s Culinary Masters’ Series back, following its successful launch last year.
From October 2025 to April 2026, this dining programme will transport…

It was a quiet day on the Bermuda Stock Exchange today with no activity. The RG/BSX Index remained at 2,914.18.
Butterfield finished 19 cents (0.42 per cent) lower at $44.63 on the New York Stock Exch…

With the Personal Information and Privacy Act now in effect, the demand for trained privacy professionals has never been higher in Bermuda.
This, from international privacy strategist Samantha Simms, …

Bermuda’s automotive industry has a new rising star.
Mya Smith, a CedarBridge Academy graduate, joined Bermuda Motors Ltd in July as a vehicle dismantler and parts department assistant. In just a few …

Bermuda’s telecommunications companies are concerned about the potential for competition from Elon Musk’s satellite provider, Starlink, which offers mobile services.
Digicel said the service “poses a …

Bermuda’s two dominant telecommunications companies believe the Regulatory Authority of Bermuda is acting heavy-handedly and in some cases, beyond its purview.
The two companies have listed a large nu…

Bermuda market executives were in Paris for the Organisation for Economic Co-operation and Development’s working party discussion on insurance and private pensions.
During Financial Markets Week, the …

Ocean Wilsons Holdings Ltd has confirmed that a shareholder intends to oppose its proposed merger with Hansa Investment Co Ltd at a Bermuda court hearing next week.
In July, the boards of Ocean Wilson…

Sompo International has appointed Alessandrea Quane as chief executive of its international markets business, subject to regulatory approval.
Ms Quane, who takes up the role immediately, will report d…

During my years working in financial and retirement planning, one thing became very clear: many people don’t understand the stamp duty and costs their estate will face when they die.
I often had to e…

Dear Dave,
I’m 24, and I would like to buy an engagement ring. I plan on asking my girlfriend to marry me within a month, and I was wondering how much I should spend on the ring.
I make $85,000 a year…

Bermudian-based Gold Reserve Ltd today confirmed that an American court has denied its attempt to block a rival bid in a long-running legal process surrounding the auction for Citgo, the American oil …

Carey Olsen has been recognised as Digital Assets Practice of the Year at the 2025 Society of Trust and Estate Practitioners Private Client Awards, securing one of the most competitive categories at t…

The Lumina Festival has secured additional sponsorship from Paradise Mobile for its first Financial Literacy Summit, to be held in partnership with the Bermuda Economic Development Corporation on Sept…

The island’s major telecoms providers must cut prices and launch new entry-level packages by October 1, under sweeping new rules from the Regulatory Authority of Bermuda.
The move, part of the latest…

Insurers have lost a London High Court case for the right to appeal a billion-dollar decision over jets trapped in Russia since the Ukraine invasion.
The case, related to what was believed to be the l…

The head of a Bermudian-based life reinsurer has offered a view into how markets like Singapore and Hong Kong are responding to indexed universal life products, and how regulatory shifts, product educ…

The RG/BSX Index fell 27.98 (0.95 per cent) to close at 2,914.18 today.
Moving the exchange lower was Bank of Butterfield, which closed at $44, down 50 cents or 1.1 per cent after 3,282 shares changed…

The Authentic Bermuda Shorts brand has been awarded gold for Best Boutique and Best Men’s Store in the 2025 Best of Cayman Islands awards.
Tabs is the island lifestyle brand created in Bermuda by Rebe…

Bermuda consumers now have direct access to one of the world’s fastest-growing technology brands.
Xiaomi, the Chinese electronics giant known for its affordable yet high-end smartphones and smart devi…

A Bermudian-listed mining company is weighing the implications of an American court ruling that upheld billions in contested Venezuelan debt.
Judge Katherine Polk Failla of the Southern District of Ne…

Japanese life insurers are increasingly turning to Bermudian-based reinsurance structures as they adapt to regulatory frameworks and market challenges, industry leader said yesterday.
Kazuyuki Hayash…

The RG/BSX Index remained unchanged today at 2,942.16, with no trading activity on the domestic board of the Bermuda Stock Exchange.
Butterfield Bank rose 29 cents (0.65 per cent) to close at $44.78 o…

Butterfield Bank is reducing its base interest rates on loans and mortgages by one quarter of a percentage point, the lending institution said tonight.
The move comes in response to today’s decrease i…