Royal Gazette

As industry lines blur and uncertainty grows in the face of economic and technological upheaval, gatherings like the Bermuda Chamber of Commerce’s Budget Breakfast are essential, a PwC executive has s…

A man was ordered to pay almost $7,000 in traffic fines yesterday for offences that happened over several years.
Eugene Bassett, 36, was given an indefinite amount of time during Magistrates’ Court to…

Bermuda’s economy outperformed expectations in 2024, with stronger gross domestic product growth, rising employment income and a widening trade surplus. However, the Government is focusing squarely o…

The Insurer is reporting that Sharmini Samuels is on the move from her role as deputy chief underwriting officer at Convex Re, after nearly six years with the company.
Ms Samuels is an experience…

Arch Capital Group Ltd has continued a trend for reinsurers that has seen their profit line impacted by losses from January’s California wildfires.
Net income for the first quarter fell by nearly 50 p…

Vantage Group Holdings Ltd has appointed Paul Livingstone senior vice-president for credit, mortgage, and structured [insurance and) reinsurance, reporting to Chris McKeown, chief executive of reinsur…

Curtis Dickinson, the former Minister of Finance, is a key presenter at a panel discussion tomorrow morning examining how local leaders can turn volatility into opportunity, during the inaugural Bermu…

Axis Capital has launched a new insurance policy offering flexible cyber and specialist liability coverage to Canadian companies with up to $2 billion in revenue.
The Axis Cyber Technology and Miscell…

Digicel Holdings (Bermuda) Ltd has earned a more positive outlook from Moody’s Ratings after a series of steps to strengthen its financial position and governance.
Moody’s assigned Digicel a B3 corpor…

A Government Employee Health Insurance policy change has left some pharmacists fuming as they struggle to maintain continuation of care for the government employees and pensioners on the plan.
It has …

Mosaic Insurance has named environmental and casualty risk specialist, and former district attorney, Thomas Duggan, as the company’s claims head for North America.
Mr Duggan will oversee Mosaic’s clai…

Aspen Insurance Holdings has launched an initial public offering of 11 million class A ordinary shares, the Bermudian-based company has announced.
Apollo Global Management, the company that owns Aspen…

Artificial intelligence has the potential to boost global economic output by up to 15 per cent over the next decade says new PwC research.
This would effectively add one percentage point to annual gro…

Jason Hayward, the Minister of Economy and Labour, had congratulations for 20 professionals who have obtained fresh credentials.
The industry-recognised certifications were obtained through the Solar …

SiriusPoint Ltd has appointed Eleanor Gibson as its new international chief underwriting officer, effective May 6.
Based in London, Ms Gibson will report to Rob Gibbs, president and chief executive of…

Arcadian Risk Capital Ltd, a Bermudian-based managing general agent, has promoted Paul Connor to group chief operating officer.
Based out of Dublin, Ireland, Mr Connor joined Arcadian in 2021as chief …

Nicotine pouches are growing in popularity as an alternative to traditional smoking and vaping in Bermuda, especially among younger consumers, according to a representative of The Smoke Shop, one of t…

Bermuda’s hospital overcrowding crisis is being made worse by the island’s housing shortage, Marico Thomas, the president of the Chamber of Commerce, has warned.
“This is not a medical issue. It’s a h…

The Bermuda Business Development Agency is shifting gears.
It is now operating as an Investment Promotion Agency and aiming to bring in investment that leads to more than headlines.
Kendaree Burgess,…

Bermuda is one of the best places in the world for cross-border mobility says the head of a local investment services firm.
In an article published on professional services network website IR Global, …

Financial markets in 2025 have been heavily shaped by the ongoing narrative around tariffs. At their core, tariffs are simply taxes – and like any tax, they tend to dampen economic growth. Slower grow…

Island Health Services has hired two new doctors, general practitioner Seun Bakare and family physician Iniekem Ufford.
A spokesman for the medical group said: “With over 16 years of clinical practice…

Penrose Partners is launching a workshop on Wednesday to help local entrepreneurs utilise cryptocurrency.
The workshop, organised in collaboration with the Bermuda Economic Development Corporation, wi…

Retailers should invest in local warehousing, diversify their suppliers and boost local food production, Tony Thompson, chief executive of Gibbons Company, told the Bermuda Chamber of Commerce members…

A controversial proposed change to US trade policy imposing significant new tariffs has not just created adverse reaction on Wall Street, but has also raised angst in the insurance and reinsurance com…

The Cayman Islands wants to rival Bermuda as a reinsurance centre, and is following parts of the blueprint that made it happen here.
Their regulators believe they are closing in on a key development t…

Disclosed software flaws across the Microsoft platforms are on the rise, new reporting has disclosed.
BeyondTrust’s latest Microsoft Vulnerabilities Report and the Allianz Risk Barometer have revealed…

Dear Sir,
Why are we continually seeing very large posters advertising concerts and events sometimes months in advance? I stand to be corrected, but I believe we have laws covering this kind of adver…

Navigating the world of investing can be intimidating, particularly if you are new to it. A common point of confusion is whether you should make a one-time, lump-sum investment purchase or if it make…

Dear Dave,
My wife has run her own small business for the last three years. I try to be positive, and help whenever I can, but the truth is things aren’t going very well. In fact, the business has nev…

Carla Greaves has been appointed the new chief underwriting officer at Everen Specialty, the Bermuda-based insurer and reinsurer for global energy markets.
Ms Greaves will join the executive leadershi…

Bermuda’s business community need to diversify their supply chains, a leading expert warned during the Bermuda Chamber of Commerce annual meeting.
Stefano Moritsch, a geopolitical expert and lead with…

There was no trading activity on the Bermuda Stock Exchange today, leaving the RG/BSX Index unchanged at 2,488.44.
For the week, the exchange closed 3.03 per cent lower with a fall of 75.55 points, b…

Chubb Ltd reported a fall in profits for the first quarter of 2025 as heavy catastrophe losses, particularly from the California wildfires, weighed on results, despite strong growth in core insurance …

Aon plc reported steady growth in the first quarter of 2025, with revenue climbing 16 per cent to $4.7 billion compared to the same period last year, despite a tougher global economic environment, it…

Bermuda needs to build approximately 2,500 additional housing units to support its target population of 70,000 people, according to data presented by Marico Thomas, the president of the Chamber of Com…

The seaside pool at the new Azura Bermuda resort in Warwick is one of the best in the world, according to a top international magazine.

Vogue, published by Condé Nast, gave Azura the accolade in…

The Personal Information Protection Act 2016, the island’s data protection legislation, applies to all organisations that use personal information in Bermuda.
These three terms — organisations, use an…

The Stationery Store Plus will officially close its doors on April 30 after nearly three years in business.
The company announced the closure in a statement, citing “rising supply and shipping costs a…

As the American excess and surplus market grows, Everest is advancing their wholesale strategy by investing in top talent.
Today they announced three key leadership appointments to their US wholesale …

Axis Capital Holdings Ltd and Enstar Group Ltd have completed a loss portfolio transfer transaction, covering reinsurance segment reserves predominantly attributable to casualty portfolios related to …

Lawyer Max Quin is retiring from LOM Financial, having served as an independent director on the company’s board for 13 years.
LOM said today Mr Quin has brought a wealth of expertise in international …

California wildfires torched the first quarter underwriting performance of Bermudian-based reinsurer, RenaissanceRe, leaving available net income for common shareholders at $161.1 million (2024 Q1: $3…

The Government Employee Health Insurance plan has increased its scrutiny of high-cost prescriptions in an effort to save money.
On March 3, GEHI sent a letter to 7,000 clients announcing tighter cont…

Butterfield Bank has declared net income of $53.8 million, or $1.23 per share, in the first quarter of the year ending March 31, compared to $59.6 million, or $1.34 per diluted common share, for the p…

The main building of the historic Elbow Beach Hotel in Paget, which has stood vacant since the resort’s closure in early 2020, is poised for major redevelopment under its new ownership by The Loren Gr…

Bermuda has signed a cross-border data agreement with the National Privacy Commission in the Philippines.
The action expanded the countries’ networks of international data partnerships to strengthen …

Global economic uncertainty is on the rise following the United States’ imposition of sweeping new tariffs, with Peak Re, a Hong Kong-based reinsurer, projecting a potential dip in global GDP growth t…

Appleby Hong Kong has acted as Bermuda counsel to China Everbright Water, relating to the Chinese environmental protection firm’s registration of debt financing instruments in the National Association…