Royal Gazette

Nicholas Mello wanted to start a trucking business but the start-up costs were mind-boggling.
“The general trucking permit alone was $86,000,” Mr Mello, a fireman, said. “That was on top of the cost o…

Gallagher Re, one of the world’s largest reinsurance brokers, has joined the Association of Bermuda Insurers and Reinsurers.
Gallagher Re is the global reinsurance division of Gallagher, an insurance …

William Randolph is the new chief risk officer at Bermudian-based reinsurer Conduit Re.
Mr Randolph will manage Conduit Re’s enterprise risk management function. He will join the executive leadership …

Paradise Mobile has welcomed four new Bermudian interns and one returning participant as part of its 2025 summer internship programme.
This year’s interns included Musa Abdul-Jabbar from The Berkeley …

Matthew Rhodes has won an excellence award from the Society of Trust and Estate Practitioners for an essay on trusts.
The Carey Olsen litigation attorney scored one of the top marks globally for his e…

Butterfield Bank will announce its second-quarter 2025 financial results after the close of the New York Stock Exchange on Monday, July 28. An earnings call will follow on Tuesday, July 29 at 10am Eas…

A former care home worker who was convicted of abusing seniors narrowly avoided prison yesterday.
Wendy Hayward, 54, was handed a suspended sentence in Magistrates’ Court after a lengthy appeal of her…

Seventeen high school girls from across Bermuda marked the end of a week of career preparation and inspiration as on July 4, as they completed She Leads, a “real-world readiness programme”. The initia…

White Hill Field (Somerset Bridge won toss): Somerset Bridge beat Willow Cuts by 38 runs

Somerset Bridge took the traditional victory plunge off the iconic landmark for which they are named after…

With demand surging and inventory for mid-priced homes at historic lows, Ben Rego, agency manager at Rego Sotheby’s International Realty, has a message for homeowners: don’t wait too long to sell.
“Al…

Bermuda is among a number of British Overseas Territories that were to satisfy the British Government on improvements to their beneficial ownership registers by last month, according to a recent newsp…

Police have launched an investigation into an assault that resulted in a man sustaining a head injury on Saturday night.
The attack occurred outside a private residence on Dunscombe Road in Warwick a…

Fidelis Insurance Holdings Ltd, a global speciality insurer headquartered in Bermuda, has announced it will release its financial results for the second quarter ending June 30 on Tuesday, August 13, …

FoodHub Bermuda, one of the island’s largest restaurant groups, has launched a major hiring campaign to fill six senior leadership roles as part of a wider restructuring effort tied to its 35th annive…

I don’t know whether you have noticed – as I certainly have – that there has been a significant rise in the number of “GoFundMe” pages.
For those who are not entirely sure what I am referring to, a G…

Dear Dave,
I just started listening to your radio show a few months ago, and I love your advice. I do have a question about the order of two of the Baby Steps, though. The list puts saving for retirem…

The RG/BSX Index was unchanged today at 2,811.52 with no trades on the Bermuda Stock Exchange.
For the week, the index was 4.67 points (0.16 per cent) higher, as only one issue traded. Allshores was u…

The Government wants to develop and implement a comprehensive “national” entrepreneurship strategy and Jason Hayward, the Minister of Economy and Labour, has told Parliament it would be built on the c…

Google’s latest subsea cable project, Sol, is a major infrastructure win for Bermuda and a signal that the global tech giant is investing in the local economy and talent, according to Alexa Lightbourn…

AM Best has affirmed the financial strength rating of Athene Group, which has remained at A+ (Superior). The group’s long-term issuer credit ratings of “aa-” (Superior) have also been affirmed.
Athene…

The National Anti-Money-Laundering Committee is asking for industry feedback on proposed amendments to Bermuda’s Proceeds of Crime framework, aiming to align the jurisdiction with new global standards…

Two new catastrophe bonds were listed this week on the Bermuda Stock Exchange as the market hurtles past another record year of issuance.
Already at nearly some $17.9 billion for 2025, annual catastro…

Apex Group Ltd has appointed John Amberg as chief compliance officer, based in New York.
Peter Hughes, founder and chief executive of Apex Group, commented: “John’s appointment reflects our continued …

Mark Shaw has been named Everest’s chief commercial officer for its international insurance operation.
Reporting to Adam Clifford and Jason Keen, co-leads of Everest Insurance International, he will c…

The RG/BSX Index remained unchanged, standing at 2,811.52, with no turnover on the domestic board of the Bermuda Stock Exchange.
Meanwhile, the Bank of Butterfield rose 43 cents (0.93 per cent) to clo…

LiveNet Communications has welcomed Jabari Hayward to its team as part of the Bermuda Government Student Placement Programme this summer.
A recent graduate of CedarBridge Academy, Mr Hayward is passio…

Bermuda ranks second in the Caribbean for broadband consistency, delivering speeds of at least 25 Mbps download and 3 Mbps upload to 86.1 per cent of users in Q2 2025, according to the latest data fro…

Solar farms hit by hailstorms face losses of up to $380,000 per megawatt, according to a special report by Bermudian-based Axis Capital Holdings.
The report, “Solar vs. Hail: Pivoting Away From Dange…

In what could be the largest aviation loss in history, observers believe the final figure in the Russia aircraft lessor policy trial in the British High Court should top the 9/11 catastrophe.
Top thr…

Working for Bermuda Fire & Rescue, Isaiah Caisey noticed many elderly people struggling to access medical care due to a lack of transport.
Sometimes their family members were too busy to take the…

BermudAir is updating its Charleston, South Carolina route with non-stop service to Charleston International Airport for the late summer season, expanding from a once-weekly Saturday flight to a twice…

The RG/BSX Index remained unchanged at 2,811.52 with no trading today on the Bermuda Stock Exchange.
Butterfield Bank rose 32 cents (0.69 per cent) on the New York Stock Exchange to close at $46.37.

Arch Reinsurance has promoted Ondine Bourrut Lacouture to active underwriter of Arch Syndicate 1955 at Lloyd’s.
Ms Lacouture succeeds Simon Williams, who served as the active underwriter of the syndic…

Wilton Reinsurance has selected Marli Spriggs as this year’s summer intern from a field of strong applicants.
The firm has been offering placements for interns in collaboration with the Bermuda Intern…

Bermudian-based Gold Reserve Ltd is facing objections from several parties after a US court official recommended the company’s subsidiary, Dalinar Energy Corporation, as the top bidder in the high-sta…

American Overseas Group Ltd saw net income rise sharply in the first quarter of 2025, as a jump in earned premiums and investment returns boosted its bottom line.
The Bermudian-based holding company r…

International General Insurance Holdings Ltd will release its financial results for the second quarter and half-year ended June 30, after the close of US markets on Tuesday, August 5.
The Bermudian-ba…

A court in North Carolina has heard that the sale of overseas assets formerly controlled by an American fraudster will require the consent of insurance companies in Bermuda.
Meanwhile, it remains to b…

The summer season is steaming up in Hamilton, with some retailers reporting better sales than last year.
Doug Patterson, co-owner of surf store Makin’ Waves, was extremely happy with the first four we…

To tackle a growing shortage of healthcare workers and resources, Bermuda and Grenada are about to sign a memorandum of understanding.
Fintech firm Apierion’s chief executive officer, Michael Dershem,…

Google plans a second major subsea cable landing in Bermuda, aimed at deepening the island’s role in global internet infrastructure and earning praise from government officials who said the move prove…

The Bermuda Business Development Agency’s managing director, Kendaree Burgess, has made Citywealth’s Top 100 International Powerwomen list for 2025.
The media company’s annual list recognises the most…

The 2025 Mary Prince Women’s Entrepreneurial and Leadership Conference is back next month.
The event offers an immersive two-day masterclass led by Ibukun Awosika, a global entrepreneur and the firs…

The RG/BSX Index rose 4.67 points, or 0.17 per cent, due to the trading of 425 shares of Allshores Ltd. It now stands at 2,811.52. That company rose 0.49 points (3.1 per cent) to close at $16.50.
Mean…

BermudAir marked a major milestone this week with the promotion of two pilots to captain and two Bermudian crew members to senior positions.
Thays Emilly Silva and Henrique Mattos, both pilots, were …

Members Capital Management, a Bermudian-regulated investment manager, has completed the launch and full investment of its first fund, MCM Fund I. The company called it the world’s first “tokenised ins…

Demand for cyber insurance coverage remains strong and is anticipated to continue as more individuals and businesses consider the growing future risks.
This is the view of a global credit rating agenc…

Orbis Investment’s Bermudian-based multi-asset investment team has been named fund manager of the year by British magazine Investment Week.
This is the third consecutive year that Orbis director and p…

Insurers are adjusting casualty pricing in response to mounting global pressures, from inflation and tariffs to soaring natural catastrophe losses. That is the message from Pina Albo, the chief execut…

Bermuda’s reputation as a favoured incorporation hub for major insurers may be facing new competition from Hong Kong, the South China Morning Post is reporting. The territory is aggressively courting …