Royal Gazette

Strong client and adviser demand has led to the launch of a new product for high-net-worth clients, Triangle Global Harmony.
The new offer by a Bermudian-based company, Triangle Life Insurance Co Ltd…

Conyers’ private client and trust practice will again sponsor the 2025 Step Bermuda Conference, which takes place on October 16 and 17 at the Bermuda Underwater Exploration Institute.
Conyers said the…

The global speciality insurer and reinsurer, SiriusPoint Ltd, has appointed David Turner as global head of claims, effective October 7.
Mr Turner will report to Scott Egan, the company’s chief executi…

For the first time, The Royal Gazette was given an inside look at Brookfield House, the new office and retail development rising on Front Street.
The tour, led by Charlie Howe, vice-president, invest…

David Burt, the Premier and Minister of Finance, held a “seaside chat” with Suzanne Williams-Charles, the chief executive of Bermuda International Long-Term Insurers and Reinsurers during the associat…

Tucker’s Farm Corporation, the value-oriented investment holding vehicle, announced that its subsidiary, Annie Aesthetic Holdings, has raised its Series B and expanded its credit facility while reach…

Mosaic Insurance has customised its blended financial and cyber coverage for the North American and Bermuda investment sector, offering up to $20 million capacity per risk in a new modular form.
The c…

CariGenetics, the sole genomic research company dedicated exclusively to people of Caribbean ancestry, has celebrated its third anniversary of incorporation.
Carika Weldon founded the company in 2022 …

The RG/BSX Index soared 184.83 (6.70 per cent) to close at 2,942.16 today as three issues traded.
Moving the exchange higher was Bank of Butterfield which closed at $44.50, up $3.30 or 8 per cent afte…

People in the British East Midlands no longer have to catch a flight to taste an authentic Bermudian fish sandwich.
Islander Dale Benjamin is opening Hooked Café and Grill, a Bermuda-themed eatery in…

Employees can no longer rely on the Government to secure their retirement, industry leaders warned at the CFA Society Bermuda’s Pension Breakfast Seminar yesterday.
The event at the Hamilton Princess …

In the United States, 11,000 people turn 65 every single day. That demographic shift will have far-reaching effects on the insurance and reinsurance industries, and is already presenting opportunities…

Mereo Insurance Ltd, the A-rated Bermudian-based (insurance and) reinsurance carrier, has chosen the London-based Phinsys as part of its scalable finance infrastructure strategy.
Phinsys delivers inno…

The majority of companies in the Bermuda long-term reinsurance sector maintain capital levels well above regulatory requirements, examinations by the Bermuda Monetary Authority have determined.
The BM…

The RG/BSX Index remained unchanged from last week at 2,757.33, with no trading activity on the domestic board of the Bermuda Stock Exchange.
Butterfield Bank fell 8 cents (0.18 per cent) to $45.18 on…

Bermuda’s wealth management sector has once again been recognised on the global stage, with three individuals and nine companies shortlisted in the Citywealth International Financial Centre Awards 202…

Senior promotions have been made by The Fidelis Partnership to support the continued growth and success of its Bermuda treaty team, the company has announced.
Paget Hengesbaugh will become head of int…

Bermuda’s commercial insurers and reinsurers incurred $1.1 trillion in gross claims costs to policyholders and cedants globally during the nine-year period from 2016 to 2024, according to Bermuda Mone…

Bermuda’s economic outlook remains cautiously optimistic, with increased capital investment and economic activity, but that is tempered by global challenges such as inflation and rising tariffs.
Watli…

The American property and casualty insurance industry reported a sharp rise in underwriting income in the first half of 2025, even as catastrophe losses mounted, according to a new report from AM Best…

Property catastrophe reinsurance pricing may see a double-digit decline over the January renewals.

Artemis is reporting that analysts from Keefe, Bruyette & Woods said the expected range for p…

Watlington Waterworks Ltd has reported double-digit profit growth for the first half of 2025, as the utility completed a major new, 3-million-gallon reservoir and treatment facility in Southampton.
Fo…

After a long week at work, a rather heated topic was discussed in the “House of Seely”. Nothing more stimulating on a Friday night after a couple of glasses of wine than talking about laddered term de…

Dear Dave,
Our daughter is 27, and she has been married for three years. We’ve been helping her and her husband financially quite often the whole time they’ve been married, and we’re afraid this is no…

Aspen Insurance Holdings Limited has provided an information statement to shareholders in connection with the $3.5 billion planned merger with a Sompo Holdings subsidiary.
Last month, a majority of sh…

PwC Bermuda has expanded its life actuarial services as the island continues to cement its position as a leading hub for the global life reinsurance market.
The move comes amid strong growth in the se…

Appleby has expanded its Bermuda office with the addition of three lawyers, including one Bermudian, across its top-ranked dispute resolution and corporate practices.
Mike Goulborn, senior associate, …

The Government is introducing new legal frameworks to position Bermuda as a leader in a global environment where the concept of “stakeholder capitalism” is being embraced by traditional for-profit com…

Axa XL has appointed Donnacha Smyth global chief underwriting officer, casualty, effective November 3. Based in Bermuda, Mr Smyth is head of casualty for the Americas region.
As part of his new globa…

CG is pleased to launch Return of Premium life insurance, a new plan that provides reliable protection for your loved ones, with the added benefit of cash back if you outlive the policy term.
It’s for…

The British government has imposed sanctions on eight individuals and three organisations for their alleged roles in Russia’s campaign to forcibly deport, indoctrinate and militarise Ukrainian childre…

Bermuda reinsurers captured a large share of the fast-growing American health reinsurance market in 2024, according to a new report from AM Best.
Hannover Life Reassurance Bermuda Ltd ranked second am…

Baroness Helena Morrissey, a leading voice on gender equality and corporate inclusion, will be the featured guest at this year’s Dive In Festival in Bermuda.
The financier, author and diversity campai…

The RG/BSX Index remained unchanged at 2,757.33, as the Bermuda Stock Exchange had no domestic company trades for the day.
The Bank of Butterfield finished up 72 cents (1.60 per cent) at $45.66 in lig…

Registration has closed for the 2025 Bermuda International Life and Annuity Conference at the Hamilton Princess & Beach Club.
Some 500 long-term insurance professionals have signed up for the two…

After three straight quarters of contraction in 2024, Bermuda’s banks are reporting tentative signs of growth in lending, with new activity emerging in the commercial sector.
Total loans edged up 1.3…

Bermuda’s tax policy is once again in the spotlight after a new AM Best report showed that global reinsurers paid more in taxes last year, partly because of changes linked to the island.
According to …

PwC has unveiled a new vision for the future of reinsurance, projecting that a rapidly evolving “Fund and Insure” model could contribute as much as $17 trillion in value to the global economy by 2035….

Willis Re has announced the appointment of Neville Ching to its Bermuda office.
Mr Ching brings more than 25 years of reinsurance broking experience across London, Bermuda and global markets. He has h…

Bermuda homeowners should protect their interests by enlisting expert advice when they decide to sell their home.
A Bermuda property attorney and real estate agent are important partners to ensure you…

Accomplished internal medicine physician, Cassandra Pitcher, has joined the Family Practice Group team on Victoria Street, after returning home with her clinical expertise, leadership experience and c…

The RG/BSX Index remained at 2,757.33, unchanged after no trading today on the Bermuda Stock Exchange.
Bank of Butterfield finished 17 cents (0.38 per cent) higher at $44.97 in light trading on the Ne…

Three former Appleby interns have now joined the law firm’s legal trainee programme in Bermuda.
Guy Cabral, Tiffany Cooper and Juron Tucker are participating in the two-year programme which provides …

Jason Hayward, the Minister of Economy and Labour, travelled to Brussels this month to promote Bermuda’s reinsurance leadership while deepening ties in trade, entrepreneurship and digitalisation.
The …

Global non-life insurance run-off reserves have climbed to a record $1.129 trillion, according to PwC’s latest survey, demonstrating the sector’s growing role in international insurance.
The 16th Glob…

The Economic Development Department, in partnership with the Department of Workforce Development, celebrated the graduation of the fourth and fifth cohorts of the 2025 EDD Fintech Education Programme….

In a region increasingly battered by climate shocks, Caribbean leaders are turning to artificial intelligence to improve insurance coverage for the most vulnerable.
Speaking at the “AI and Human Deve…

PricewaterhouseCoopers will lead a consultancy aimed at creating a regional stock exchange to serve the Caribbean Community.
Caricom member states believe the study will lay the groundwork for a more …

Technology-driven risks have reached historic highs in the global insurance industry, according to PwC’s Insurance Banana Skins 2025 survey, released yesterday at the Reinsurance Rendez-Vous de Septem…

Global reinsurers entered the second half of 2025 with record levels of capital, but Bermudian-based companies were among the hardest hit by this year’s natural disasters, according to the latest Gall…