Royal Gazette

Global insured losses from natural catastrophes reached $80 billion in the first half of 2025, nearly double the ten-year average and the second-highest first-half total ever recorded, according to t…

The whole of Bermuda would be a nice neighbourhood in Nigeria, according to Ibukun Awosika, the keynote speaker at the Mary Prince Women’s Entrepreneurial and Leadership Conference.
As the first fema…

Several local business owners gained international exposure in the Big Apple thanks to a Bermuda Economic Development Corporation initiative.
BEDC representatives and five Bermudian entrepreneurs took…

Reinsurer International General Insurance, has reported net income of $61.4m for the first six months of the year, ending June 30, down $9.3 million compared to the same period last year.
The firm al…

Jardine Matheson Holdings Ltd has announced a strong financial performance for the first half of 2025, with underlying net profit rising 45 per cent to $798 million.
The company said the results were…

Fidelis Insurance Group is embarking on a major expansion of its capital management initiatives, following strong returns for the first half of 2025.
The company’s board of directors has renewed its s…

Global insurance buyers are enjoying a rare moment of relief as pricing softens and capacity grows across many lines, according to a new report from Aon. However, the professional services firm warned…

Data usage on Digicel’s 5G+ network increased eightfold at Cup Match, year-over-year, the company reported today.
Digicel said: “The island’s newest and fastest mobile network didn’t just meet expecta…

Karen Clark, cofounder and CEO of Karen Clark & Company, has been named to Forbes’ prestigious 2025 “50 Over 50” list, which honours women who are redefining what it means to be a leader and innov…

Moving a business to Bermuda might sound like a dream for some international companies, but for many, the real challenge is not in the paperwork. It is getting people and families settled on the islan…

Bermuda reinsurer PartnerRe reported net income of $493 million and annualised return on equity of 10.5 per cent for the first six months, after California wildfires earlier this year led to their non…

Markel Insurance, the insurance operations within Markel Group, has entered into an agreement to sell the renewal rights for its global reinsurance business to Nationwide.
The sale is part of the firm…

Consumers paid 1.9 per cent more in March 2025 than a year ago for a basket of goods and services, according to the latest Consumer Price Index figures from the Department of Statistics.
However, this…

Bermuda’s retail sector saw a 3.7 per cent drop in the volume of sales in March 2025 compared to the same month last year, according to the latest Retail Sales Index published by the Ministry of Econo…

Polaris Holding Company Ltd has provided support to three Bermudian students as they pursue their educational goals with the Polaris Holding Company Ltd Education Awards.
The recipient-students are th…

Chubb INA Holdings has priced a public offering of $1.25 billion of 4.90 per cent senior notes due 2035. The notes are guaranteed by Chubb Ltd.
The company intends to use the net proceeds for general …

Liberty Mutual Bermuda has been pleased with its summer intern programme this year, noting that six talented interns were gaining valuable experience across all lines of business.
The six are Satya Da…

Eighteen students received a first-hand look at the inner workings of the Bermuda Electric Light Company through their summer internship programme.
A spokesman for the energy firm said the programme r…

The RG/BSX Index ended the day up 1.53 points (0.05 per cent) to close at 2,890.38.
LOM Financial Ltd saw 7,500 shares change hands to finish at $7.20, up 20 cents (2.9 per cent).
Meanwhile, Butterfie…

Aspen Insurance Holdings has appointed Ryan Cushway as head of international and UK casualty insurance, a newly-created role designed to streamline leadership and strengthen the company’s global casua…

The California Department of Insurance has completed its review of the Karen Clark & Company US Wildfire Reference Model Version 3.0 under the newly established pre-application required informatio…

Jason Hayward, the Minister of Economy and Labour, has returned from a high-level summit in Grenada, where he represented Bermuda at the AfriCaribbean Trade and Investment Forum 2025, an event focused…

Uncertainty surrounding American trade tariffs continues to cloud the economic outlook, with most major forecasting agencies having lowered their outlook for global gross domestic product and trade gr…

Digicel has priced its offering of $1.9 billion aggregate principal amount of 8.625 per cent senior secured notes due 2032 to be co-issued by Digicel International Finance.
The offering size was incre…

The Bermuda Monetary Authority is warning that artificial intelligence tools being used in local finance could increase risks if not properly controlled, including data breaches, discrimination and de…

Conyers Trust Services Bermuda has been shortlisted in three categories for the Citywealth Future Leaders Awards 2025.
The company said the nominations highlights the firm’s commitment to professiona…

Bermudian-flagged vessels calling on American ports are now expected to comply with new cyberincident reporting mandates.
As of July 16, the US Coast Guard requires reporting of cyberincidents and ann…

The Bermuda Monetary Authority is proposing fee increases and new powers to improve how it oversees the island’s financial sector.
In a public consultation paper released on July 24, the BMA outlined …

For the second year in succession, The Royal Gazette in partnership with BermudAir and the Voice of Summer bring you all the thrills and spills from the Annual Cup Match Classic.
While the scene chang…

Bermuda shifted to the east this week as thousands of residents and visitors streamed to St George’s to take in the sights, sounds and traditions behind the Cup Match Classic.
Crowds of attendees with…

During my time in the wealth-management industry, I have learnt so many lessons about money management, both personally and professionally. A lot of them come down to following some key financial rul…

Dear Dave,
I’m 22, working my way through college and I have already been able to start setting money for life after graduation. I had a talk with my parents recently about my plans once I get a real …

Axis Capital has reported second quarter net income of $216 million or $2.72 per diluted common share.
The company also had operating income of $261 million, or $3.29 per diluted common share.
Vincent…

Wildfires, severe convective storms and aviation events impacted Conduit Holdings’ first six months of the year.
The firm saw gross premiums of $803.3 million, up 8.9 per cent compared with the same …

BMS, the insurance and reinsurance broker, has promoted Kian Wookey to the newly created role of managing director, Bermuda product line development.
Based in Bermuda, Mr Wookey will report to Mark La…

HSBC Holdings saw its profit fall sharply in the first half of 2025, according to interim results released yesterday. The bank reported a pre-tax profit of $15.8 billion, down $5.7 billion or nearly …

LOM Financial Ltd has appointed Francesca Lines as a director, effective as of last week.
Ms Lines is from Bermuda and is now based in London, where she works on the property and casualty broking team…

Conyers has maintained its strong presence in a leading legal guide and also achieved advancement in rankings in several areas.
Ten lawyers from the Bermuda office are listed in the 2025 IFLR1000 Amer…

To improve Bermuda’s position in the global tourism market, local hotels need to stop benchmarking themselves against one another and look at competition farther afield.
That was the word from Patrick…

Shareholders will no longer be entitled to view a company’s legal advice in disputes over mergers after a landmark ruling in a Bermuda case by Britain’s highest court.
On July 24, the Judicial Committ…

Tapir Holdings, a British Virgin Islands investment company listed on the Bermuda Stock Exchange, has reported a significant profit of $116.3 million for 2024, thanks to a lucrative deal in Africa.
Ac…

Fourteen lawyers from across Carey Olsen’s Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Jersey, London and Singapore offices have been recognised in the Lexology Index: Asset Recovery 20…

Talented young Bermudians do not have to choose between going global and staying local, a leading local insurance executive has said.
Speaking at the Association of Bermuda International Companies ed…

Digicel Bermuda has enhanced its island-wide 5G+ network by offering more mobile capacity at the St George’s Cricket Club at Cup Match.
The telecommunications firm has done this by creating an additio…

A long-awaited cryptocurrency fraud trial tied to Bermudian-based Arbitrade Ltd opened in a Miami federal court yesterday, marking a significant development in a case that once promised to boost Bermu…

Butterfield Bank has reported second quarter net income of $53.3 million, or $1.25 per share, and core net income of $53.7 million, or $1.26 per share.
Net income was down half a million compared to t…

Freisenbruch Insurance Services has launched BerMedica, a new medical malpractice insurance product designed specifically for Bermuda’s healthcare professionals.
Unveiled to healthcare stakeholders at…

Arch Insurance’s accident and health business unit, is launching an individual supplemental health product suite.
These new offerings are designed to help individuals manage out-of-pocket expenses not…

I have to say – point blank – that tipping is out of control! What was once “giving a little extra” when someone had gone above and beyond is now an expectation. Moreover, it’s one that now borders o…

Dear Dave,
My husband and I recently began trying to get out of debt and live on a budget. I love your plan, but he’s having a hard time getting adjusted to keeping track of things. He loves to eat ou…