Royal Gazette

The RG/BSX Index closed down 9.52 (0.39 per cent), pulled down by BF&M trading of 16,822 shares on the Bermuda Stock Exchange, finishing at a dollar lower (5.9 per cent) at $16 at the close.
Mean…

A Bank of England retiree with extensive financial services and regulatory expertise has been appointed the new vice-chair of Bermuda’s Financial Policy Council.
Jill May is a seasoned financial servi…

Thomas “TJ” Krzmarzick, is Vantage Group Holdings’ new head of US excess casualty while Thomas Burtle, has been appointed chief underwriting officer, casualty.
A spokesman said these promotions unders…

The Bermuda Stock Exchange has launched a fully integrated trading, clearing and settlement platform, marking a major technological advance.
The system, developed in partnership with its parent compa…

While Bermuda has a strong regulatory framework, it will not continue to be as effective without the right people, Craig Swan, the chief executive of the Bermuda Monetary Authority, told industry lead…

AM Best has affirmed the financial strength rating of ‘A’ (Excellent) for Bermuda-based Coralisle Group Ltd’s life/health and property/casualty subsidiaries in Bermuda, The Bahamas and the Caribbean.
…

While Bermuda has a strong regulatory framework, it won’t continue to be as effective without the right people, Craig Swan, CEO of the Bermuda Monetary Authority, told industry leaders at the Bermuda …

Out of 100,000 Coldwell Banker agents in 40 countries, Bermuda’s own Brian Madeiros has placed in the top 2 per cent of all sales associates and representatives.
Mr Madeiros became president and chief…

Bermuda has one of the fastest growing economies in the Latin American and Caribbean regions, Jason Hayward, Minister of Economy and Labour told the Bermuda Risk Summit 2025.
During the event, Mr Hay…

Wilton Re Bermuda chief executive officer and chair, Sylvia Oliveira, has been awarded woman of the year status by the organisation Women in Reinsurance Bermuda.
Ms Oliveira received the accolade earl…

The restaurant group, MEF has reopened Achilles, their St George’s Parish restaurant at Achilles Bay, adjacent to Fort St Catherine.
With a menu based on Mediterranean and Asian flavours, the tavern r…

California wildfires destroyed expensive fine art housed in museums and multimillion dollar mansions, causing a leading insurer to focus on broader losses beyond property values during an insurance fo…

With the international business sector now representing 29 per cent of the island’s economic activity, the Government is looking to grow it even further through diversification.
“We began with captive…

AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” (Excellent) to Bermudian reinsurer, Cavello Bay Reinsurance, a subsidiary of Bermudian-ba…

Insurer and reinsurer, Allied World Bermuda, has promoted 16 employees in recognition of their talent and hard work.
Colm Singleton, head of the Bermuda office stated: “I would like to congratulate o…

Paradise Mobile has the fastest 5G network in Bermuda for the second time in a row, winning the Ookla Speedtest Award for the third and fourth quarters of 2024, just six months after its first win.
Th…

Albert Moura, operating principal of Keller Williams Bermuda, has received the Luminary Award, the most prestigious award given out by Keller Williams Worldwide, regions outside of the US and Canada. …

A request for proposals to provide free wi-fi in North East Hamilton is nearing its deadline, with vendors asked to submit by 5pm this Wednesday March 12. The Bermuda Economic Development Corporation…

Bermudians Katie Trimingham and Chloe Lusher are expanding their event planning business to take advantage of a burgeoning destination wedding trend.
“This year and the next are predicted to have the…

The board of Bermudian-based Lancashire Holdings Ltd has approved a raft of committee appointments.
Nathalie Rachou has been appointed as a member of both the audit committee and the investment commit…

Bermudian-based Everest Group Ltd has appointed industry veteran John Howard as an independent, non-executive member of its board of directors.
Jim Williamson, Everest president and chief executive, s…

The Bermuda Business Development Agency will launch the Future Leader Forum next week as part of the Bermuda Risk Summit, aiming to connect students and career changers with opportunities in the islan…

The RG/BSX Index fell 223.83 points (8.32 per cent) to 2,465.60 today, based on the $4.00 (10 per cent) decline of Butterfield Bank to $36 after the trading of 438 shares.
The only other trade was 65 …

Bermudian-based Axa XL has partnered with Darkweb IQ, the cybercrime prevention firm, to help its global cyber insurance clients to strengthen their cybersecurity practices.
Axa XL said New York-headq…

A wholly-owned subsidiary of Bermudian-domiciled Gold Reserve Ltd, the exploration stage mining company, has filed a request for arbitration against the government of Venezuela.
GR Mining (Barbados) I…

The Bermuda Monetary Authority will celebrate International Women’s Day on Saturday by hosting a luncheon for its 158 female employees at BMA House.
The event will highlight the contributions of women…

The Bermuda Chamber of Commerce has opened applications for vendors interested in participating in Harbour Nights 2025. The annual summer event will take place every Wednesday from May 14 to August 27…

A Southampton farmer is making no apologies for the cost of his eggs.
Tom Wadson, of Wadson’s Farm, took heat on social media last week for the price of his eggs.
He sells the extra jumbo size, a 30o…

Every year, I look forward to reading the Berkshire Hathaway Letter from Warren Buffett.
Inside one can often find significant pearls of wisdom that apply not only to investing, but to life in general…

Amid record profits, Hiscox, the Bermudian-headquartered global specialist insurer, has estimated a net loss of around $170 million from the wildfires of the greater Los Angeles area, which they say h…

Bermudian-based Lancashire Holdings Ltd has reported a profit after tax of $321.3 million for the year ended December 31, 2024, as the company capitalised on strong underwriting conditions and robust…

The on-again, off-again planned imposition of a 25 per cent tariff on imports from Canada and Mexico, along with increased tariffs on China, would have a negative effect on the insurance industry and …

Delegates will hear how insurtech is revolutionising risk management at next week’s Bermuda Risk Summit at the Hamilton Princess & Beach Club.
Law firm Appleby said the Bermuda Business Developmen…

More than 80 students and in excess of 50 professionals have participated in an annual high school speed networking event hosted by the Bermuda Foundation for Insurance Studies.
BFIS said the event pr…

Bermudian-based RenaissanceRe Holdings Ltd has launched a new Irish-domiciled property catastrophe bond fund.
The company said RenaissanceRe Medici UCITS Fund is a sub-fund of RenaissanceRe Medici ICA…

The Government is cautiously studying controversial tax and economic decisions by the new US administration, to determine what, if any, impact, they will have on Bermuda’s economic recovery.
This, as …

Fitch Ratings has affirmed the ratings of SiriusPoint Ltd, including its long-term issuer default rating at ‘BBB’, its senior debt rating at ‘BBB-‘ and its insurer financial strength rating at ‘A-‘ (S…

The Bermuda Business Development Agency recently hosted a series of round table discussions in London, highlighting the island as a business destination.
A BDA spokeswoman said the wealth and technolo…

AM Best has withdrawn its ratings for Evergreen Insurance Company Ltd after the Bermudian-based company requested to no longer participate in the credit rating agency’s interactive rating process.
The…

Axa XL Insurance has appointed Sylvie Gleises as regional chief executive officer, Asia, effective on March 24.
Based in Singapore, the company said she will oversee Axa XL’s strategic direction and o…

The founder of an insurance company that was the subject of a public warning by the Bermuda Monetary Authority has re-affirmed its commitment to the island.
Palm Beach, Florida-based Blockchain Deposi…

Interest in Bermuda as a life insurance hub is burgeoning, according to the chief executive of Bermuda International Long-Term Insurers and Reinsurers.
Since becoming Biltir CEO in January 2024, Suzan…

Bermuda Press (Holdings) Ltd, the owner of The Royal Gazette, is reporting a comprehensive net loss of $2.9 million in the 2024 fiscal year.
That compares with a net loss of $466,000 in 2023.
In a fil…

Investor sentiment towards US defence stocks has turned increasingly cautious. Since the US election in November, the largest publicly traded American defence contractors have significantly underperfo…

Bermudian-based Enstar Group Limited said its Lloyd’s syndicate managed by Enstar Managing Agency Limited has completed the previously announced transaction with Atrium Syndicate 609, managed by Atriu…

Two distinguished leaders from Bermuda’s international business community were congratulated by the Association of Bermuda International Companies for being honoured at the seventh annual Black Histor…

Sacha Bearden, the chief executive and owner of Baptiste Ltd, has been presented with the Orgill Pinnacle Award for outstanding sales at the supplier’s annual dealer market in New Orleans.
Baptiste, t…

Bermuda market veteran Marvin Pestcoe has been appointed to the board of directors of Nevada-based Employers Holdings Inc.
Mr Pestcoe retired from Bermudian-based Langhorne Re, a global reinsurer of l…

Bermudian-based James River Group Holdings Ltd has reported a net loss available to common shareholders of $94 million in the 2024 fourth quarter.
That compares with a loss of $152.8 million in the pr…

The United States Securities and Exchange Commission has dismissed its civil enforcement action against Coinbase Inc, the US-based cryptocurrency exchange, and Coinbase Global Inc, its holding company…