Royal Gazette

The Premier and leader of the Progressive Labour Party has pledged that if his team is triumphant at the polls tomorrow he will reach out to Free Democratic Movement and independent candidates to dete…

The Bermuda Paediatric Centre has opened under the leadership of paediatric specialist doctors, Richard Fulton and Sylvanus Nawab.
They will operate the practice from the former Edgewood Paediatrics o…

Produce director Michael Cann stars in a brief YouTube video put out by the MarketPlace to highlight career opportunities at the firm.
The firm’s president, Seth Stutzman said Mr Cann exemplified what…

Well, that dreaded time has arrived – the time to update the net-worth statement for the year and set those 2025 financial goals. In full transparency, we update our net worth semi-annually to ensure…

Convex Group Ltd, the Bermudian-headquartered international specialty insurer and reinsurer, has received in-principle approval to launch Lloyd’s Syndicate 1984, which will commence underwriting in Ap…

Essent Group Ltd, the mortgage insurer and reinsurer based in Bermuda, has reported net income of $729.4 million for the 2024 fiscal year, up from prior year net income of $696.4 million.
Net investme…

Palomar Holdings Inc, the parent company of Palomar Specialty Reinsurance Company Bermuda Ltd, has reported a jump in net income of nearly 50 per cent in the 2024 fiscal year.
Palomar recorded net inc…

The Bermuda office of Walkers has been ranked in Band 1 for dispute resolution and Band 2 for corporate and finance and insurance in the 2025 Chambers Global guide.
Individual lawyers were also recogn…

Bermuda’s full membership in the Caribbean Community could mean open doors for region-wide jobseekers to have unfettered access to Bermuda employment but also more Bermudian opportunities to work in t…

A conservative American publication has accused Bermuda of helping to funnel millions in illegal foreign investment into American universities.
However, last night, the Government rebuffed any claims …

Nabors Industries Ltd, the Bermudian-domiciled energy technology company, suffered a $176 million loss for the year (2023: $12 million) after a fourth quarter net loss attributable to shareholders of …

AM Best has assigned credit ratings to Bermudian-based Soteria Reinsurance Ltd.
The ratings agency has assigned Soteria a financial strength rating of A- (Excellent) and a long-term issuer credit rati…

The Bermuda office of Appleby has been ranked Band 1 in the practice areas of corporate and finance, dispute resolution, and insurance in the 2025 Chambers Global guide.
The firm said several of its p…

Mosaic Insurance has released a combined environmental product merging primary commercial general liability with a suite of added pollution and professional coverages.
The firm’s new Site Pollution an…

Bermudian-based Lancashire Holdings Ltd, the global specialty insurer and reinsurer, has estimated that its aggregate net ultimate losses relating to last month’s wildfires in California will be in th…

The Hamilton Princess & Beach Club is to host a career fair on February 27 in the Princess Ballroom of the hotel.
A spokeswoman said: “We have a variety of openings available in our divisions of f…

The president of a local bakery estimates imported eggs have gone up by 200 per cent in the past year, forcing him to raise the cost of his baked goods.
“Looking at the wholesale egg prices this morni…

Feven Binega-Northcott and Rhiannon Nanette have launched Pod, a business supporting families through fertility, pregnancy, post-partum, lactation and beyond.
Pod is a shared dream between Ms Binega-N…

Bermuda Realty Company Ltd has recognised the dedication and commitment of 11 employees who have combined service with the company of 210 years.
Receiving long-service awards are: Heather Chilvers and…

Conyers Bermuda retained its Band 1 rankings in the 2025 Chambers Global Guide across three practice areas: corporate and finance, insurance, and dispute resolution.
The firm said a record 15 lawyers …

Bermuda’s inflation rate fell to 1.1 per cent in October according to the latest Consumer Price Index figures released today by the Ministry of Economy and Labour.
Consumers paid 1.1 per cent more in …

Retail sales volume in Bermuda increased by 1.4 per cent year-over-year in October, according to Retail Sales Index figures released today by the Ministry of Economy and Labour.
That figure was determ…

The start-up reinsurer helmed by market veteran Brian Duperreault has a decidedly Bermudian flavour.
Mr Duperreault, who was born on the island, is the cofounder and executive chairman of the board of…

Paysafe Ltd, the Bermudian-incorporated specialised payments platform, has agreed to sell its direct marketing payment processing business line.
The company has entered into a definitive agreement to …

Washington Mall occupancy is now better than it was before the pandemic began five years ago.
The mall in Hamilton is at 96 per cent capacity, 10 per cent higher than it was before the health crisis b…

Rosewood Bermuda has been named the best hotel on the island in annual rankings compiled by US News & World Report.
Rosewood finished third in the rankings a year ago.
The hotel was praised for it…

AIG is estimating a half a billion dollar loss due to the California wildfires this month.
Peter Zaffino, AIG chairman and chief executive officer said in the firm’s latest financial report: “Though i…

CEOs around the world expect global economic growth to increase over the next 12 months, according to PwC’s 28th Annual Global CEO Survey, launched at the World Economic Forum Annual Meeting.
The repo…

MultiStrat, the specialist underwriter and reinsurance investment platform, has hired Maryam Abdullah as head of pricing.
Based in Bermuda, Ms Abdullah will support MultiStrat’s ambitious growth plans…

Blockchain Deposit Insurance Corporation, the pioneering decentralised cryptocurrency insurer, has announced the launch of its cryptocurrency insurance platform.
Bermudian-headquartered BDIC is the in…

A Bermudian-based independent crude oil tanker company has warned of higher prices in 2025 due to geopolitical instability – but said the company’s overall outlook for the year is positive.
DHT Holdin…

Bermuda market veteran Jed Rhoads has been appointed to the board of directors of Radian Group Inc, the Pennsylvania-headquartered mortgage insurer.
“We are thrilled to welcome Jed to the Radian board…

Appleby’s Bermuda office is holding privacy officer boot camp to help them navigate the “exceptionally complex” and “demanding” requirements of newly launched privacy legislation.
Course instructor, D…

Bermudian-based Axa XL is providing a grant of $1.2 million to Save the Children for a five-year initiative to mitigate the impact of climate change across coastal ecosystems in Sierra Leone.
The comp…

Butterfield Bank has reported net income of $216.3 million for the 2024 fiscal year.
The bank said that result compared with prior year net income of $225.5 million.
Core net income was $218.9 million…

Butterfield Bank has reported net income of $216.3 million for the 2024 fiscal year.
The bank said that result compared with prior year net income of $225.5 million.
Core net income was $218.9 million…

AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Bermudian-based Mereo Insurance Ltd.
The outlook assigned to these credit…

Brian Duperreault’s return to the reinsurance stage is official with the launch this week of Bermudian-based Mereo Insurance Ltd.
Mr Duperreault is the cofounder and chairman of Mereo, which has recei…

The California wildfires could cost Bermudian based Arch Capital Group “somewhere between $450 million and $550 million” the company said in releasing fourth quarter results tonight.
The estimate is b…

Four accountants have been designated Fellows of the Chartered Professional Accountants, a prestigious accomplishment which is the highest honour in the accounting profession.
CPA Bermuda said the 202…

Two trusts and private wealth lawyers in the Bermuda office of Carey Olsen have been named in the 2025 edition of the Private Client Global Elite Directory.
The firm said the directory features the to…

Bermudian-based Axis Capital Holdings Ltd has appointed Emilia Siravo as head of ceded re, North America.
An Axis spokesman said: “Emilia will drive our North America ceded re strategy and execution, …

LOM Financial Group has promoted Jason Chlup to the post of senior investment adviser.
A spokesman for LOM said: “With over a decade of experience in client relationship management, investment advisor…

Kyla Bolden, the Bermudian founder and CEO of Wiz Learning will lead the second fintech Webinar of 2025, a government spokesman has confirmed.
The Economic Development Department said AI in fintech: i…

Dear Sir,
In 2019, I produced a documentary called Bermuda We Have A Problem to highlight bad driving habits on Bermuda’s roads. That video presented examples of speeding, running red lights, mobile p…

It is hard for them to ask but Lexy and Dion Correia are in need of help.
About a month ago, Mr Correia woke up jaundiced. Doctors were initially puzzled but a series of costly tests eventually reveal…

In the past five months, North Shore Medical Aesthetics Centre has carried out hair transplants on 24 people with the help of a visiting Turkish team of experts.
“The results we have seen have been im…

A business development leader at the Bermuda Clarity Institute remains steadfast in his assertion that there will be huge shifts in the workforce as a result of the development of artificial intellige…

Houston-headquartered Skyward Specialty Insurance Group Inc has commuted a loss portfolio transfer and adverse development and retrocession agreement with R&Q Re (Bermuda) Ltd.
Skyward said it rel…

There is no doubt about the convenience of having a credit card. These days, it is almost impossible to do anything without one – whether it’s making travel reservations, purchasing a large item, or …