Royal Gazette

China Everbright Water Limited will pay interest on its 2024 first tranche medium-term notes, which have a principal amount of RMB1.5 billion ($214.4 million) and were issued to institutional investor…

Longtail Re is growing fast and delivering attractive returns on its portfolio of casualty and longer-tailed underwriting, Artemis is reporting.
The Bermudian-based casualty reinsurer operated by asse…

A new look for Hamilton is emerging with nearly 200,000 sq ft of additional office inventory anticipated by 2027.
A strong commercial real estate market is being driven by steady growth in internation…

One in five insurance entities operating in Bermuda has yet to complete the classification of its data, a basic regulatory requirement under the Bermuda Monetary Authority’s cyber-risk framework, acco…

Gallagher Re has launched a dedicated captives risk transfer team within its global facultative business.
The new team will provide tailored facultative and structured reinsurance solutions across a w…

The RG/BSX Index remained at 3,193.01 on Tuesday in the absence of any trading.
On the New York Stock Exchange, Butterfield Bank fell 31 cents (0.62 per cent) to close at $50.06, with 86,840 shares t…

The Bermuda Stock Exchange announced Monday that QBE Insurance Group Limited closed a new catastrophe bond through the issuance of the Series 2025-2 Class A Principal-at-Risk Variable Rate Notes by it…

The global speciality reinsurance market is heading into the January 1 renewal season with ample capacity, softening pricing in several lines and a generally constructive environment for buyers, accor…

Aon plc, the brokerage, consulting and analytics company, says the reinsurance renewals at January 1 represent a deeper shift into a buyers’ market.
The company’s January 2026 Reinsurance Renewal Repo…

Some light-hearted, seasonal reflection on the major economic and investment market events of the past 12 months:

‘Twas the night before year-end, and all through the street, not a broker was sho…

Jason Chlup has been promoted to assistant vice-president, investments at LOM Financial (Bermuda) Ltd.
LOM said: “With more than a decade of expertise in client relationship management, investment adv…

A surge in customers and donations may open the door for extended shopping hours for Bermuda’s largest thrift store.
The popular The Barn may have to look into how they can extend their increasingly s…

Bermuda’s long-term insurance sector remains strongly capitalised and highly resilient, even under a simulated global financial crisis, according to the Bermuda Monetary Authority’s latest market anal…

Devonshire Industries, the parent company of the Bermuda Paint Company has reported net income of $106,353 for the six months ending September 30, a drop of 50.62 per cent compared to the same period …

American Overseas Group Ltd reported net income of $2.8 million for the three months ended September 30, down from $3.4 million a year earlier, as the Bermudian-based insurer continued to pay down de…

White Mountains Insurance Group announced the final results of its modified Dutch auction tender offer on Christmas Eve. The company is purchasing all validly tendered shares for approximately $131.3 …

I recently returned from Orlando, Florida, where I met my father and his partner as they holidayed in the United States from Australia. The direct flight from Bermuda to Orlando made it an ideal spot…

A giant Chinese investment holding company which last year was near collapse, has redomiciled from Cayman to Bermuda, updating its registered office and governance documents.
Macau Legend Development …

Gerald Ratner has launched a bid to buy back the British arm of the jewellery business he once led, more than three decades after an infamous speech that ended his tenure, the Daily Telegraph has repo…

Bermudian-based MGA Kettle, which focuses on United States wildfire risk, is seeing a clearer opening for excess and surplus property reinsurance, even as capacity providers grow increasingly selectiv…

Mosaic Insurance will increase its cyber-risk capacity to $25 million per risk (C$40 million) in Canada effective January 1, allowing the speciality insurer to meet rising demand across all provinces…

American import tariffs rolled out in April, some as high as 50 per cent, have not dampened Bermuda’s zeal for imported Christmas presents.
Courier company ZipX Bermuda’s managing director, Kevin Smit…

The United States excess and surplus market continues to attract capital and capacity, but how that risk is ceded is increasingly shaped by state-level regulation. That has direct implications for Ber…

SiriusPoint, the Bermudian-based speciality insurer and reinsurer, has announced plans to expand its international medical and travel assistance platform following the acquisition of Assist America by…

Fountain Health Bermuda has appointed Monica Teixeira, a registered dietitian, to its clinical team, strengthening its nutritional and metabolic care services.
Ms Teixeira joined Fountain Health Bermu…

Marsh McLennan has reaffirmed its commitment to community impact this holiday season by supporting the charity, Home.
Employees of the risk solutions provider came together to decorate Home’s Parsons …

Deloitte Bermuda has made the holidays brighter for 11 families with a $20,000 donation to the Family Centre.
The funds provide the families with an all-encompassing holiday experience including chil…

Federal Reserve Policy Adjustment and Market Expectations

On December 10, 2025, the Federal Reserve’s Federal Open Market Committee (FOMC) voted to reduce the federal funds rate by 0.25 percentag…

Mangrove Property Insurance Company, a new Florida homeowners insurer, is celebrating its strategic partnership with Bermudian-based Gallagher Re for the reinsurer’s instrumental role in Mangrove’s su…

Law firm MJM Limited has promoted Angela Robertson to senior associate, the firm announced.
Ms Robertson advises on a range of commercial and insolvency matters and is known for a practical, solution…

The RG/BSX Index remained at 3,193.01 as there was no domestic market trading yesterday, on the Bermuda Stock Exchange.
The Bank of Butterfield was down 31 cents (0.61 per cent) at $50.91 at the close…

The Bermuda incorporated special purpose vehicle, Topanga Re Ltd, has issued two classes of principal at-risk variable rate notes representing the largest catastrophe bond transaction for the Farmers …

The Fidelis Partnership is launching a careers programme in the new year.
An advertisement in The Royal Gazette has called for applications from graduates of the Bermuda College and the Big Brothers …

Bermuda’s well established corporate regulatory regime offers a variety of corporate vehicles that can be used to support insurance-linked securities.
In 2019, the Bermuda Monetary Authority introduc…

Steve Robb has been appointed group chief financial officer of Vantage Group Holdings Ltd, effective immediately.
He will report to chief executive Greg Hendrick and join Vantage’s leadership team.
…

A property reinsurance and retrocession broking expert has left a nine-year tenure at Guy Carpenter in Bermuda and joined specialist reinsurance broker Willis Re, Reinsurance News is reporting.
Richa…

The world’s largest cruise ship company wants to move its legal incorporation from Panama to Bermuda.
Carnival Corporation and Plc, coming off of record profits and projecting an even better fiscal ye…

In the wake of news that Bermudian-based Vantage Risk Ltd is being acquired by Howard Hughes Holdings, AM Best has placed under review with developing implications the financial strength rating of A- …

Bermuda’s commercial establishments are inadequately prepared to deal with fire, a retired firefighter has observed.
What percentage of them are properly prepared?
Ralph Scott, a fireman for 27 years,…

Magnolia Place, the Hamilton commercial building on the corner of Victoria and Parliament Streets, has been sold.
Up for sale for some time and vacant for an extended period, The Royal Gazette
repo…

Dwayne Hunt has been promoted to senior vice-president, head of property insurance at Hamilton Re, the company’s parent, Hamilton Insurance Group, Ltd, announced tonight.
Mr Hunt succeeds Gavin Davis …

The RG/BSX Index remained at 3,193.01 on Monday in the absence of any trading.
Butterfield Bank dropped 19 cents (0.37 per cent) on the New York Stock Exchange to close at $51.09.

Allshores Ltd has reported resilient operating performance in the third quarter of 2025 and announced an increase in its quarterly dividend.
In a trading update released yesterday, the BSX-listed fina…

Bermuda’s investment fund sector recorded modest asset growth in the third quarter of 2025, even as the total number of funds remained broadly flat, according to the Bermuda Monetary Authority’s lates…

A fourth-generation family business with roots in Bermuda’s tourism sector is marking 75 years of continuous operation on the island.
The Kitson Group of Companies recently celebrated the milestone w…

Magnolia Place, the Hamilton commercial building on the corner of Victoria and Parliament Streets, has been sold.
Up for sale for some time and vacant for an extended period, The Royal Gazette
repo…

With all the shopping, cooking, decorating and spending, Christmas can be more stressful than merry.
The period afterwards, when the bills come in, can be even more so.

The Breathing Room at 9 Pa…

Widespread immigration reforms are being introduced in the Cayman Islands that the government hopes will ease concerns that Caymanians are being marginalised in their homeland.
New rules will remove …

Bermuda College has opened a fully renovated, technology-enhanced classroom thanks to a $100,000 donation from Global Atlantic Re.
The 402-square-foot space, upgraded over the summer and now in use, s…

Valaris Ltd, the Bermudian-based offshore drilling company, has secured a multiyear contract with Shell for the use of Valaris DS-8, its drillship, on the Orca project offshore Brazil.
The agreement i…