Royal Gazette

I–RE, the captive specialist insurance and reinsurance underwriters, has appointed David Berlanga to a broker relationship management role.
The UK company is underwriting for US insurer partners, with…

Toyota Motor Corporation has recognised Bermuda Motors Ltd for 50 years of partnership and service, presenting them with a commemorative plaque.
The local company first launched the sale of Toyotas on…

Investment professionals and clients came together for an evening of thoughtful discussion, networking, and forward-looking market insights, during the recent 2026 Annual Forecast Dinner at the Hamil…

Butterfield Bank has signalled that future growth will be driven by selective expansion across other island markets, with Michael Collins, the chairman and chief executive, pointing to acquisitions as…

Canadian visitor numbers to Bermuda rose sharply last year to the highest growth levels for that market, providing a rare bright spot for the island’s tourism sector even as overall arrivals remained …

Max Blakeney is a new pupil in Appleby Bermuda’s legal trainee programme, joining a cohort of three other pupils.
The two-year programme provides training across the firm’s corporate, dispute resoluti…

Transocean Ltd has agreed to acquire Valaris Ltd in an all-stock transaction valued at about $5.8 billion, a deal structured under Bermuda law that will create one of the world’s largest offshore dri…

American International Group delivered a strong underwriting-led performance in 2025, beating its profitability targets and returning nearly $7 billion to shareholders, as disciplined pricing and lowe…

The Digital Finance Forum returns this spring with more asset allocators, managers and entrepreneurs at the forefront of digital finance, fintech and artificial intelligence.
The forum hosted by Penro…

Arch Capital Group Ltd reported sharply higher fourth-quarter profits driven by strong underwriting performance, lower catastrophe losses and solid investment returns.
The Bermuda-based insurer and re…

A Norwegian diplomatic couple under investigation for their connections to convicted sex offender Jeffrey Epstein borrowed one of his planes to visit Bermuda with their children, according to US Depar…

Artificial intelligence-related risks are largely addressed through existing regulatory frameworks, industry stakeholders told the Bermuda Monetary Authority during the drafting of discussion paper Th…

Speciality managing general agent Arcadian Risk Capital has made Mark Butler executive vice-president to lead the firm’s expansion into the American management liability market.
In connection with the…

Continuing its aggressive capital return strategy, Butterfield Bank delivered strong fourth quarter and full year earnings for fiscal 2025, reporting higher net income.
For the full year ended Decembe…

Butterfield Bank has appointed Meroe Park to the board as an independent director, bringing extensive public-sector leadership experience.
Butterfield said the move will enhance oversight across opera…

The Bermuda Stock Exchange (BSX) strengthened its position as the world’s leading venue for insurance-linked securities (ILS) in 2025, reporting a sharp rise in new listings and a record share of glob…

Compre Group Holdings, the Bermuda-domiciled international specialty reinsurance group, has appointed David Atkins to the newly created role of Deputy CEO, subject to regulatory approval.
Reporting t…

White Mountains Insurance Group closed 2025 with a surge in book value and more than $1.1 billion in full‑year profit, fuelled largely by the sale of its Bamboo insurance business and solid results ac…

Andy Mielczarek, the chief executive of Bermuda Commercial Bank, said Apple Pay had never taken off in Bermuda for a simple reason: the numbers did not add up.
With a population of 60,000 and fou…

AIG has taken a strategic minority stake in international specialty insurer and reinsurer Convex Group Ltd, the privately held carrier operating out of Bermuda and London.
AIG has acquired about a 35 …

Bermuda’s banking sector posted stronger profits and improved capital strength in the third quarter of 2025, according to the Bermuda Monetary Authority’s latest Quarterly Banking Digest.
Banks record…

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AIG has taken a strategic minority stake in international specialty insurer and reinsurer, Convex Group Ltd, the privately held carrier operating out of Bermuda and London.
AIG has acquired an approxi…

The RG/BSX Index fell 7.74 points (0.24 per cent) to 3,273.77 for the day and for the week as 680 shares ($31,525.75) traded today on the Bermuda Stock Exchange.
Leading the decline was Allshores, whi…

Applications are open for the Coralisle Group 2026 Summer Internship Programme, offering college students and recent graduates an opportunity to gain hands-on experience in the insurance industry.
Th…

The Bermuda Economic Development Corporation has opened the nomination period for their 9th Annual BEDC Business Awards, which celebrates the achievements, growth, and resilience of Bermuda’s micro, s…

Global professional services firm BDO has expanded its international footprint with the launch of a new office in Bermuda, marking a significant step in the network’s continued growth, the organisatio…

Conflict in the Red Sea is having an impact on Bermuda, despite being 6,000 miles away in the Middle East.
In the last three years, local retailers have seen the cost of shipping directly from Asia sk…

Re/insurance icon Brian Duperreault and communications consultant Wendy Davis Johnson have each received an award for encouraging more interest in re/insurance as a career.
The duo received the Indust…

Apex Group, the title partner for the Apex Group Bermuda Sail Grand Prix, has extended its global partnership with SailGP.
Bermuda-based Apex will continue to serve as the league’s official financial…

The reinsurance segment and record investment income powered Everest Group to a $1.6 billion profit for fiscal 2025, the company reported.
It led to a 13.1 per cent total shareholder return as underwr…

While 2025 ended as a broadly supportive year for insurance buyers, market conditions are becoming increasingly diverse across product lines and geographies according to a new report from global profe…

UK speciality insurer Beazley, would recommend a sweetened £8 billion ($10.97 billion) takeover by Zurich Insurance once Europe’s second largest insurer makes a firm offer, Reuters reported today.
The…

The reinsurance segment and record investment income powered Everest Group to a $1.6 billion profit for fiscal 2025, the company reported.
It led to a 13.1 per cent total shareholder return as underwr…

Jason Hayward, the Minister of Economy and Labour is representing Bermuda at the World Governments Summit 2026, in the United Arab Emirates, until tomorrow.
The summit annually hosts 150 governments, …

Applications are now open for the Bermuda Economic Development Corporation’s Vendor Academy.
This structured training programme is designed to support vendors in strengthening their market presence, i…

RenaissanceRe Holdings Ltd reported net income available to common shareholders of $2.6 billion for the full-year 2025, alongside operating income of $1.9 billion.
Favourable market conditions, discip…

The Bermuda Monetary Authority proposal to recognise parametric insurance structures as a new class of Special Purpose Insurers, has drawn comment from law firm, Conyers.
The BMA published a consultat…

The Association of Professional Insurance Women has named Everest Re’s Jill Beggs the 2026 Insurance Woman of the Year.
Ms Beggs, executive vice-president and chief executive of reinsurance at the fi…

Insured losses from Winter Storm Fern are estimated at $6.7 billion, according to a flash estimate from catastrophe modelling firm Karen Clark and Co, adding to a growing run of weather-related claim…

Butterfield has launched a digital account opening service for personal banking clients in Bermuda, meaning residents can now apply to open a new bank account online and without the need to visit a ba…

Bermuda-domiciled Relm Insurance, has appointed three senior executives to its leadership team, as it expands its underwriting and operational capabilities.
Becky Vernon joins Relm as chief legal offi…

Hamilton Insurance Group has promoted Moussa Thiam to group head of compliance, effective January 1, as the Bermudian-headquartered insurer strengthens governance and regulatory oversight following it…

The owners of an independent pharmacy have called the roll out of the Bermuda Health Council’s new formulary a disaster and have questioned the fairness of the process.
After struggling to get their c…

Bermuda’s retail sector recorded modest growth in August 2025, with sales volumes rising year-on-year despite mixed performance across key categories, according to the latest Retail Sales Index releas…

Price Forbes has launched its cross-class follow facility Lectio in Bermuda.
Initially offering a Bermuda property line, it will allow Price Forbes Bermuda to automatically follow preapproved lead ins…

Bermuda’s annual inflation rate edged lower in August, with consumers paying 1.9 per cent more for goods and services than a year earlier, according to the latest Consumer Price Index released by the…

David Burt, the Premier and Minister of Finance has continued his Middle East engagements after a visit to the Kingdom of Bahrain, where he was received by His Royal Highness the Crown Prince and Prim…

Clarien Bank will be expanding into the Cayman Islands after taking over the banking business of its parent company’s Cayman subsidiary.
Clarien will also expand its capabilities to include investme…

Malachi Eversley chose to launch a popup tent in Dockyard during the third hottest year on record.
In 2025, temperatures in Bermuda neared 90F at the height of the tourism season, but it was the wind …