Royal Gazette

Hundreds of millions of dollars in anticipated Bermuda Government revenue from the corporate income tax may eventually evaporate with new US legislation designed to punish countries in league with the…

The Supreme Court of Bermuda has extended an injunction blocking two directors of ASA Gold and Precious Metals Ltd from using company resources to influence the outcome of a major shareholder meeting …

Credit rating analysts have highlighted the underwriting prowess demonstrated over the years by the international specialty insurer and reinsurer, Convex Group Ltd.
AM Best was affirming the credit ra…

The Bermuda Economic Development Corporation is calling for competitors for a business pitch competition, to be held later this month.
The BEDC said Pitch Perfect Match will be a fast-paced, high-ener…

Bermuda’s reinsurers are increasing the amount of money they’re putting at risk for natural disasters like hurricanes, even as prices in the reinsurance market begin to ease. That’s according to a new…

Strong operating performance has led to credit ratings agency AM Best upgrading Associated Electric and Gas Insurance Services long-term issuer credit rating to “a+” (Excellent) from “a” (Excellent).
…

At an event last weekend I was chatting with a person who told me that she was planning on retiring early. She mentioned, though, that she was really struggling to figure out how much she was “honestl…

The RG/BSX Index remained at 2,778.39 for the week as trading turnover of $42,060.00, did not affect the index.
With the trading of 1,100 shares of Devonshire Industries Ltd today, the company’s price…

Captive insurance professionals are this week congregating in Bermuda, the elder of senior captive domiciles, as buyers are increasingly interested in how the insurance product can help them, and pro…

Bermuda took centre stage at the recent Citywealth International Financial Centre Forum in London, promoting its reputation as a trusted and forward-looking financial jurisdiction amid global uncertai…

The late Leslie Robinson will be posthumously awarded the 2025 Fred Reiss Lifetime Achievement Award, in recognition of her outstanding service and enduring impact on Bermuda’s captive insurance indus…

Difficulties from a shortage of early childhood educators are being exacerbated by Department of Health red tape, some nursery school workers have told The Royal Gazette.
In Bermuda, preschools are pr…

US president Donald Trump’s new decade-long freeze on artificial intelligence regulation could “absolutely” indirectly impact Bermuda, says a tech professional.
Tommy Valentine, cofounder of Bermudian…

Artificial intelligence models are producing ever better phishing schemes, deep fakes and ransomware attacks.
A cybersecurity professional is calling on more Bermuda firms to implement protective AI p…

Mya Peets has been named the 2025 Deloitte Scholarship recipient.
The financial services firm, Deloitte, said Miss Peets was chosen due to her astuteness.
Studying online, she is entering her final ye…

The RG/BSX Index ended unchanged at 2,778.39 today with no shares traded.
On the New York Stock Exchange, Butterfield Bank fell 26 cents (0.61 per cent) to close at $42.69.

Transamerica Life Bermuda, the global high-net-worth life insurer, has been granted a license by the Dubai Financial Services Authority to establish a presence in Dubai International Financial Centre,…

The 2025 Atlantic hurricane season is expected to be active, with 17 named storms, nine hurricanes, and four major hurricanes, roughly 125 per cent of the average between 1991 and 2020. That’s accordi…

Aspen Re reported a steep drop in quarterly profit, as catastrophe losses and a weaker underwriting performance weighed heavily on results, despite solid growth in premiums.
Net income for the three m…

Carey Olsen has been recognised for its role in a landmark offshore bond transaction that has been named Marine Money’s Offshore Norwegian Bond Deal of the Year.
The firm served as Bermuda counsel to …

Megan Nesbitt, chief executive of Abacus Ltd, has achieved the Chartered Director designation from the Institute of Directors, the highest level of recognition in corporate governance and strategic le…

The Supreme Court has swept aside a challenge to a Bermuda Monetary Authority decision notice made against Bittrex Global (Bermuda) Ltd last summer.
A court had already ordered the winding-up of the f…

More than 1,100 people in Bermuda are now facing some form of homelessness, according to the Bermuda Chamber of Commerce.
To address the problem, the chamber is holding a forum on housing solutions n…

As any specialised tech lawyer or technology consultant will tell you, digital transformation projects are not for the faint of heart.
The more innovative and untested the technology solutions are, an…

The Bermuda Monetary Authority is asking local insurers to show how they would hold up in a scenario similar to the 2008 global financial crisis.
The new stress test applies to all commercial long-ter…

Arch Reinsurance Group has promoted senior leaders across its global operations, including Bermuda and Europe.
William Soares has been appointed president of Arch Reinsurance Ltd, the company’s Bermud…

International law firm Kennedys has posted record revenue of £428 million (about $551 million) for the financial year ending April 30, marking a 13 per cent increase and the firm’s 11th consecutive y…

Power-asset firm Brookfield Renewable has agreed to issue C$250 million (US$182.81 million) aggregate principal amount of fixed-to-fixed reset rate subordinated hybrid notes due September 10.
Hybrid n…

The Bermuda investment holding company Ocean Wilsons has completed the sale by its wholly-owned subsidiary, OW Overseas (Investments) Limited, of its 56 per cent interest in Wilson Sons SA to SAS Ship…

The RG/BSX Index ended unchanged at 2,778.39 with no shares traded.
On the New York Stock Exchange, Butterfield Bank fell 8 cents (0.19 per cent) and closed at $42.19.

Jennifer Campbell has had a 30-year career in banking, and once ran a multimillion-dollar ATM company.
Most of the time, though, people want to know about her time as a judge on the British hit reali…

The world’s largest diamond retailer, Signet Jewelers, saw sales of $1.5 billion in the first quarter of 2026, an increase of $30.8 million (2 per cent).
“We delivered positive same-store sales growth…

QBE Insurance Group Limited has appointed Christopher Harris chair of QBE Capital.
He will succeed Dave Duclos, outgoing chair of QBE Capital, who will retire in July 2025, after providing nine years …

Flex LNG Ltd has completed a $175 million Japanese operating lease with call option financing for the Bermudian-domiciled company’s vessel Flex Courageous, generating net proceeds of approximately $42…

Mosaic Insurance has promoted Yosha DeLong to the new position of global engagement officer and appointed industry veteran Brian Bonkoski as global head of cyber.
Ms DeLong, based in Chicago, has led …

Axis Capital Holdings has promoted two senior team members within its global cyber & technology division.
Peter Smith has been named head of cyber North America. In his new role, he will lead unde…

A new consultancy launched in Bermuda aims to help businesses streamline operations and embrace artificial intelligence without the usual complexity or hefty price tag, and without eliminating jobs.
E…

After half a century in business, Sheilagh Robertson is looking for the right person to buy her luggage store.
“I am looking to retire in the near future,” the founder of The Harbourmaster told The Ro…

The Bermuda Economic Development Corporation is accepting applications for the seventh cohort of its Enterprise Bermuda Incubator programme, set to run from July 3 to March 12.
Aimed at entrepreneurs …

Weston Tompkins is the new executive director, capital markets, at MultiStrat, the specialist underwriter and reinsurance investment platform.
Mr Tompkins will lead MultiStrat Advisors, a US-based cap…

Insurers, reinsurers and insurance-linked securities investors are in Boston for the Karen Clark & Co Catlab 2025, three days of in-depth discussions on advanced modelling techniques and the lates…

Global professional services firm, Aon, has appointed Andy Marcell to serve as chief executive of Global Solutions.
Mr Marcell now leads Aon’s integrated risk capital and human capital capabilities ac…

Bermuda’s overall retail sales volume, decreased by 0.2 per cent in January, compared to the same period last year, according to the Department of Statistics’ latest Retail Sales Index figures.
Retail…

The management of Allshores Ltd, the merged entity of Argus and BF&M, is wary of the impact of looming pension reforms on the business, and the domestic insurer is facing pressure on health insura…

Bermuda’s inflation rate eased to 1.8 per cent in January, down from 2.1 per cent in December 2024, according to the latest Consumer Price Index released by the Department of Statistics. This marks th…

Mobile optometrist Tia Crockwell has no office. Her business card reads: “Eye come to you”.
“I believe I am the only optometrist going directly to clients,” the founder of Onsight Optometry said. “The…

Bermuda’s modernised intellectual property regime is set to take a major step forward next month with the launch of a new trademarks framework, Jason Hayward, the Minister of Economy and Labour, told…

During an upcoming annual meeting, Bermuda’s captive insurance industry will discuss how artificial intelligence is already improving underwriting, claims triage and risk analytics, which directly enh…

Bermuda’s financial regulator recorded a dramatic turnaround in 2024, reporting net income of $17.93 million, up from a loss of $3.53 million the previous year.
This was thanks to a 50 per cent jump …

The Institute of Directors Bermuda is set to host a critical workshop aimed at elevating board performance, with nearly 175 directors already registered to attend the sold-out event.
Michelle Cardwell…