Royal Gazette

There was no trading activity on the Bermuda Stock Exchange today, leaving the RG/BSX Index unchanged at 2,563.99. With no trading, the index also remained unchanged for the week.
Butterfield rose 21…

Surface Experts Limited, formerly East End Asphalt Company Limited, has acquired Bermuda Ornamental Concrete Products and will relocate the business to its Hamilton Parish facility this summer.
The lo…

Bermuda College students now have access to one of the world’s most advanced HVAC systems, thanks to a new donation from Mitsubishi Electric Trane USA and local distributor Efficiency Ltd.
The state-o…

Marsh has launched a new excess cyber insurance facility in Bermuda that offers up to $30 million in coverage and a novel claims enhancement designed to streamline response times for clients.
The faci…

A relocation specialist believes Bermuda’s housing shortage is hampering international business.
“We are seeing people just not able to find the homes they need,” said Sylvia Jones, founder and direct…

Bermuda’s newest cruise ship visitor, the Norwegian Cruise Line’s Norwegian Aqua, is in New York for an exclusive preview event, prior to a series of cruises to Bermuda starting in August.
The officia…

Drivers in Hamilton can now use their smartphones to pay for parking on Front Street, thanks to a new contactless parking system powered by local payment gateway Powertranz and technology firm Mobile…

The RG/BSX Index remained at 2,563.99, in the absence of any trading on the Bermuda Stock Exchange today.
Meanwhile, Butterfield Bank closed down $1.51 (4.08 per cent) ending at $35.46 on the New York…

Moody’s Ratings has affirmed the credit strength of Bermuda-based Everest Reinsurance, maintaining a stable outlook despite a sharp drop in profits last year linked to reserve charges in its casualty…

The Fidelis Partnership has appointed Suzanne Wells as chief operating officer and Erik Manning as head of ceded reinsurance. Mr Manning will begin in April, while Ms Wells is set to join in July.​
Mr…

The Association of Bermuda International Companies has extended the application deadline for their annual scholarships.
Each year, Abic gives out more than $675,000 in scholarships thanks to the suppo…

David Burt, the Premier and Minister of Finance, met with European business officials in Warsaw at the start of the Eurofi Financial Forum.
Mr Burt, together with a delegation of Government officials …

Police have been quietly looking into the death of a key figure of the Cayman Islands Monetary Authority, who headed the authority’s anti-money-laundering division.
A 25-year employee of CIMA, Judiann…

The Lido Complex at the Elbow Beach Hotel reopened to the public Thursday for both lunch and dinner service, marking the return of one of the island’s best-known seaside dining venues.
Director Jacky …

A US Senate finance committee has been told that not all of the proposed US Trade Representative multimillion-dollar fees for Chinese-built ships to dock at US ports will be implemented, and they may …

Local retailers are doing everything they can to protect customers from Donald Trump’s tariffs, a major local retailer has said.
Tony Thompson, chief executive officer of Gibbons Company spoke yester…

A public relations consultant is holding an event next week for women who want to become impossible to ignore.
The event, Becoming Unforgettable, is free training on April 15, that will guide particip…

Ascot Group has appointed Marc Amen to lead its insurance and reinsurance platforms across the US and Bermuda.
In his new role, Mr Amen will have overall responsibility for the operations of Ascot’s b…

Abacus Limited has expanded its team with the appointment of Angel Bucoy as financial solutions consultant and Darlene Friend as executive assistant.
The Bermudian-based accounting firm said the addit…

The insurance sector is facing a financial blow after the devastating wildfires in Los Angeles, and much of that cost will be shouldered by Bermuda-based reinsurers, who provide a major share of the g…

The number of homes to rent has doubled in the last two years, but is still at a critical level, a real estate executive told The Royal Gazette this week.
“In 2023 there were about 40 places to rent,”…

As international trade tensions ramp up, the construction supply sector is facing the prospect of proposed port fees for shipping companies of up to $1.5 million per call for vessels built or flagged …

The global credit and surety insurance sector has shown steady growth despite ongoing economic and geopolitical uncertainty, according to the 2025 Credit and Surety Market Survey by Axa XL.
The survey…

Jason Hayward, Minister of Economy and Labour, attended the 13th International Labour Organisation Meeting of Caribbean Ministers of Labour and the Caribbean Community and Common Market’s Council for …

Stafford Surfaces, a Bermudian-based provider of flooring and interiors, is marking 15 years in the Cayman Islands with the launch of a new sister company, Corporate Concepts Group.
The announcement a…

A local financial adviser pegs the risk of global recession at between 30 and 40 per cent, after Donald Trump’s announcement of sweeping global tariffs sent the US stock market in a tail spin.
The pre…

In a utopian working group, all members operate as a team with a high-level of accountability, enthusiasm and collaboration.
Their refrain is “we are in this together”. Each team member knows how to …

The Caribbean Hotel and Tourism Association is calling on the US to rethink proposed tariffs and port service fees that could hit Caribbean economies hard and increase travel costs for American touris…

Bermudian-based reinsurance platform Brit Ltd is the newest member of the Association of Bermuda Insurers and Reinsurers. Brit Re’s head of office, Bermuda, Jonathan Stephenson has been appointed to t…

A French court has launched an investigation into the alleged actions of former Scor SE chairman, Denis Kessler, with regard to the Covéa Group’s 2022 acquisition of Bermuda reinsurer PartnerRe.
Scor…

Remote work and flexible office solutions continue to reshape global work trends, and a new initiative promises a premium work experience that embraces flexibility and community, tailored to Bermuda’s…

Nigel Prescott, the owner of the tour boat company Tam-Marina, is hopeful he will sell his fleet of “LadyBoats” amid the mounting pressures on the island’s tourism sector.
His uncertainty over findin…

As the global retirement protection gap swells to a staggering $51 trillion, Bermuda is emerging as a hub for the financial tools designed to close it. The gap results from a shortfall between what pe…

Remote work and flexible office solutions continue to reshape global work trends and a new initiative promises a premium work experience that embraces flexibility and community, tailored to Bermuda’s …

The Bermuda subsidiary of the giant Panamanian financial services company, Gruppo Assa SA, has just had its excellent long term issuer credit rating maintained by AM Best.
Lion Reinsurance Company Lim…

Nine entrepreneurs graduated from the Bermuda Economic Development Corporation’s Enterprise Bermuda Incubator, following a year of training, mentorship and business development.
The graduation ceremon…

In Bermuda, March and April are truly exceptional months. During this time, we enjoy an increase in the number of sunny, low-humidity days as whales frolic off the South Shore beaches. Sightings of Po…

Dear Dave,
I’m 26, so I haven’t had time to accumulate a lot of money yet through my career. I do have a good, full-time job, though, and have started saving money. Do I need a will or trust when I’m …

Jason Hayward, the Minister of Economy and Labour, has had discussions in New York with the largest membership association for alternative investment managers.
As part of ongoing efforts to promote Be…

There was no trading activity on the Bermuda Stock Exchange today, leaving the RG/BSX Index unchanged at 2,563.99.
The Index was 5.96 points (0.23 per cent) higher for the week with total turnover of …

Widespread tariffs introduced by US president Donald Trump this week, including a 25 per cent tax on imported cars and parts, could trigger global recession, warns one local executive.
“Everybody is a…

Canadian air arrivals to Bermuda are bouncing upward, driven by a shifting political landscape and better air connections to the island.
But they could be even better, according to a veteran hotelier….

Bermuda took centre stage last week as Tinee Furbert, Minister of Youth, Social Development and Seniors, led a delegation at the International Women’s Leadership Conference in Dubai.
The event was hos…

Six employees in the Bermuda office of Axa XL are celebrating promotions.
Axa XL is the P&C and specialty risk division of top global insurer Axa.
A company spokeswoman said: “Axa XL is known for …

Lindsay Roos has been named CEO, Bowring Marsh Bermuda, the Bermuda-based international placement specialist of Marsh, the top insurance broker and risk adviser.
Ms Roos succeeds Christopher Reeves, w…

As the dust settles on the fourth annual Bermuda Risk Summit, organisers are tallying up its successes including higher than expected profits at host hotel Hamilton Princess & Beach Club.
The venu…

Axa XL has announced two senior promotions within its US cyber and technology division, underscoring its investment in leadership and specialised expertise amid growing demand for cyber insurance.
Gre…

William Cooper and Davina Hargun have been promoted in the Conyers Bermuda office to director.
Christian Luthi, the chairman and director, said the promotions reflect the pair’s dedication and contrib…

Six Appleby lawyers have been promoted in the Bermuda office, three of whom began their legal careers as trainees with the firm.
Lalita Vaswani has been made partner.
She joined Appleby in 2017 and b…

Building materials saw a boost in November with a jump of 24.6 per cent in sales volume and an increase of 25.8 per cent in sales value, according to the latest Retail Sales Index figures.
Overall, r…