Royal Gazette

Growing up, I never really understood why my grandparents became so obsessive about money, how much they saved, and how much they were worth, but it was clear they were quite obsessed with money.
No…

Dear Dave,
My fiancé and I are getting married this year. We’re both in our forties with kids, so we’ll be a blended family. The thing that worries me is that we have drastically different views on ha…

The RG/BSX Index remained idle at 2,778.39 today with no activity on the Bermuda Stock Exchange.
For the week, 7,177 shares of four issuers traded representing a turnover of $155,730.50, as advancers …

A new report by Acrisure Re forecasts above average activity for the upcoming 2025 Atlantic hurricane season, although not quite as extreme as last year.
The statistical and dynamical models, as well …

The US Securities and Exchange Commission has voluntarily dismissed its civil lawsuit against Binance, the world’s largest cryptocurrency exchange, Reuters has reported.
Extending the regulator’s new …

In the face of Covid-19 job loss and lockdown boredom, many Bermudians started new businesses.
Five years on, many of those entrepreneurs are no longer reachable. Their telephone numbers have been dis…

A global survey on succession and estate planning showed that more than seven in ten high-net-worth respondents said they were only “somewhat familiar” with succession and estate planning.
Jeremy Youn…

Families looking to travel this summer can take advantage of the return of BermudAir’s popular children Fly Free promotion.
The promotion applies to bookings made from now until June 3, and for travel…

Rick Smith, the founder and CEO of Axon Enterprises, is the $164 million man.
He claimed the dearest pay package among US CEOs in 2024, valued at $164.5 million, an Associated Press survey has shown.
…

This month’s Digital Finance Forum not only raised more than a $1 million for the community, but also exploded interest in crypto currency says one organiser.
“The real impact of the event came from t…

Prices in the property-catastrophe reinsurance market have started to come down, according to a new report by Howden Re, as more insurance companies return to the market and offer coverage again.
Near…

Bermuda’s labour market could be caught in the crossfire of a slowing global economy and intensifying trade tensions.
New data shows more than 80 million workers worldwide — many in roles linked to U…

Renewed US tariffs are raising alarm among global economists. More than 80 per cent of respondents to a survey from the World Economic Forum said an increase in tariffs would have a negative impact on…

Philip Enan is the new chief strategy and corporate development officer at global speciality insurer SiriusPoint.
He will lead the company’s strategy development process, while exploring new investmen…

A merger between the Golden Ocean Group and CMB.Tech will create one of the largest listed diversified maritime groups in the world.
The companies announced they have signed an agreement and plan of m…

Bermuda has climbed six places in the latest Smart Centres Index, reinforcing its leadership position in Latin America and the Caribbean and making strides in its global reputation as an innovation hu…

The third annual Athene Life Career Expo on Wednesday is June 18 at Pier 6, Front Street, Hamilton.
The free event connects students and professionals with career opportunities in Bermuda’s life and …

Kestrel Group and Maiden Holdings Ltd have completed their merger, forming a newly combined speciality programme insurance platform known as Kestrel Group Ltd.
The new company, which will be headquar…

Relm Insurance, the specialty insurance carrier supporting emerging and innovative industries, has appointed Robert Thomas as chief information security officer.
With over 20 years of leadership exper…

Bermuda’s residential real estate market continues to hover around an average home price of $1 million, but the full picture is far more nuanced than a single number suggests.
“If you’re looking for a…

Bermuda is among high-income countries that face a direct employment threat from artificial intelligence.
More than half of all jobs in such countries, according to a new report, could be changed by …

SiriusPoint welcomed news that AM Best has upgraded the insurer’s outlook from stable to positive, only a month after Fitch Ratings did the same.
Am Best cited the firm’s “very strong balance sheet”….

As residents enjoyed Bermuda Day, the island was celebrated by the Daily Express as “a small, beautiful island that’s also among the wealthiest places on Earth”.
The article, picked up by online publi…

The RG/BSX Index fell 34.46 points, or 1.23 per cent, to 2,778.39, partly based on the trading of 2,377 shares of Butterfield Bank. The company’s stock price fell 75 cents (1.8 per cent) to close at $…

Among the first quarter highlights for Bermuda-incorporated Jardine Matheson Holdings Ltd were the hotel division’s European property developments.
Mandarin Oriental reported higher revenue per availa…

Axa will redomicile one of its Bermuda-based entities to Hong Kong, becoming one of the first companies to take advantage of the city’s newly launched corporate re-domiciliation regime.
Axa China Regi…

Accountancy firm Deloitte may have cancelled its diversity and inclusion programming in the United States, but the Bermuda office is sticking to its guns.
“We are committed to continuously enhancing o…

The Minister of Labour and Economy is calling on emerging entrepreneurs to sign up for the next round of the Bermuda Economic Development Corporation’s development programme.
Applications are open now…

Phil Scott, the Vermont Governor, last week signed into law updates to the state’s captive insurance statutes modernising its regulatory framework.
Recommended by the Department of Financial Regulatio…

The ongoing saga involving 777 Re, the one-time Bermudian-based reinsurer, has taken a new turn, as the Utah Insurance Department and A-Cap Group have agreed to pause their litigation and enter mediat…

Wayne Caines, president of the Bermuda Electric Light Company, has been appointed chairman of the Caribbean Electric Utility Services Corporation, a key regional association for energy providers.
Mr …

Vivien Carter has been promoted to director of philanthropy at the Centennial Bermuda Foundation, as the organisation restructures.
Ms Carter will oversee the organisation’s philanthropic giving and l…

Hundreds of people flock to Warwick Long Bay every year for the annual Canada Day celebrations. It’s a free event that brings together Canadians, Bermudians and people from all around the world who ha…

After a whirlwind renovation period, the old Ascots Restaurant at the Royal Palms Hotel has reopened, under new management and a new name.
Take Five Ltd launched Palomino on Rosemont Avenue, Pembroke,…

Evan Greenberg, the chairman and CEO of Chubb, is at the top of the heap for the highest-paid insurance executives, according to a survey by trade publication Business Insurance.

BI pulled down 20…

The international law firm Walkers used the recent Consensus 2025 Conference in Toronto to release its annual white paper, which this year explores how the digital assets industry is expanding in a po…

The unaudited quarterly financial report of the Cayman Islands Government for the three month period to the end of March has debt sinking from less than $400 million.
As of March 31, public sector deb…

Hiscox Ltd is introducing a Bermuda Solvency Capital Ratio target of 190 per cent to 200 per cent and plans to more actively deploy its balance sheet headroom to support strategic objectives.
The int…

Insurance analysts are sounding the alarm over a US government decision to decommission a key climate data tool widely used by reinsurers and risk modellers worldwide, including Bermuda’s catastrophe …

Entrepreneurship 101, an education course hosted by the Bermuda Economic Development Corporation, equips new and aspiring entrepreneurs with the essential knowledge, tools, and resources to start and …

Bermuda’s strengths as an international financial was in focus at the fifth annual Citywealth Forum, held recently at The Skyline London, overlooking the Tower of London.
Kendaree Burgess, chief opera…

Fidelis Insurance Group has promoted Hannah Greenwood to chief underwriting officer for its Bermuda operations.
Ms Greenwood joined the company in 2023 as chief of staff and has since worked closely w…

The RG/BSX Index remained at 2,812.85 on Thursday, with no trading on the index.
The Index was 13.99 points (0.49 per cent) lower for the week, with total turnover of $49,167.75.
Butterfield fell 6 c…

Odyssey Charters may be new on the water, but its founders are already making a splash with fresh ideas and a commitment to standout service. Max de Ste Croix, who started out working part-time for an…

Corporate real estate acquisitions in Bermuda are a matter of careful balance.
That is because, at just 21 square miles, land in Bermuda is a finite and closely managed resource.
While the Government …

The Financial Times is reporting that US life insurers now have offshore reinsurance liabilities of more than a trillion dollars and that more than “$130 billion of liabilities [were] offloaded in 202…

Law firm Appleby has hired three additional lawyers in its Bermuda office, including new partner, Richard Collis, senior associate George McCallum and associate Rawan Hussein.
The firm said Mr Collis …

The world’s largest listed owner of large size dry bulk vessels, Bermuda-incorporated Golden Ocean Group Ltd, has announced an unaudited net loss for the quarter to March 31.
The company said it had a…

Aspen Insurance Holdings Limited has appointed Jon Kattman as head of inland marine for Aspen Insurance.
The company said in a media statement: “Jon has been with Aspen since 2017 and brings over 14 y…

Brookfield House marked a significant milestone yesterday with a topping-out ceremony at its Front Street construction site, as the final steel beam was hoisted into place.
The beam was decorated wit…