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March 16, 2026

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Royal Gazette

Business / News / Royal Gazette / Royal Gazette

Teen paints double win during Rocket Pitch competition

November 27, 2023

A Bermuda Institute student cleaned up during the Bermuda Economic Development Corporation’s Rocket Pitch competition, taking home the youth prize and the people’s choice award.

Zea Swainson, foun…

Teen paints double win during Rocket Pitch competition Read More
Business / News / Royal Gazette / Royal Gazette

Summer designer Keile turns to winter

November 26, 2023

Swimwear designer DaeNyce “Keile” Rabain must have smiled when she saw her name misspelt on a winning certificate at the Bermuda Economic Development Corporation’s Rocket Pitch competition.
It still …
Summer designer Keile turns to winter Read More
Business / News / Royal Gazette / Royal Gazette

Hamilton Princess and Salvation Army deliver at Thanksgiving

November 24, 2023

Hotel executives at the Hamilton Princess & Beach Club visited the Salvation Army’s North Street Citadel in Hamilton, for their annual Thanksgiving dinner service.
They distributed 200 traditional…
Hamilton Princess and Salvation Army deliver at Thanksgiving Read More
Business / News / Royal Gazette / Royal Gazette

Aspen declares Q3 earnings of $86m, upbeat on 2024

November 23, 2023

Bermudian-based Aspen Insurance Holdings Limited has reported net income available to common shareholders of $86 million and operating income of $79 million for the three months to September 30.
Mark …
Aspen declares Q3 earnings of $86m, upbeat on 2024 Read More
Business / News / Royal Gazette / Royal Gazette

A quiet day on stock exchanges

November 23, 2023

The RG/BSX Index remained frozen at 2,144.75 points with no stocks changing hands.
The last sign of movement was on November 14.
Meanwhile, the New York Stock Exchange was closed because of the Ameri…
A quiet day on stock exchanges Read More
Business / News / Royal Gazette / Royal Gazette

Wanda Robinson decodes the doctor’s diagnosis

November 23, 2023

It is not always easy to understand a doctor’s diagnosis, particularly for those who do not have a high level of education.
In a 2022 survey of 215 people, Anglia Ruskin University found that 97.7 pe…
Wanda Robinson decodes the doctor’s diagnosis Read More
Business / News / Royal Gazette / Royal Gazette

Sir John calls for reshaping of the economy

November 23, 2023

One of Bermuda’s most successful realtors and businessmen has warned of the need to de-shackle Bermudians from institutional restraints that have hindered their development.
Bermuda’s longest serving …
Sir John calls for reshaping of the economy Read More
Business / News / Royal Gazette / Royal Gazette

Lisa Howie merger raises profile of Atlantic artists

November 23, 2023

Lisa Howie fervently believes that Atlantic art is about to have its day.
“A few years ago African art was on the cusp of expansion and now the same is about to happen to Atlantic and Caribbean art,”…
Lisa Howie merger raises profile of Atlantic artists Read More
Business / News / Royal Gazette / Royal Gazette

Sir John calls for a reshaping of the economy

November 22, 2023

One of Bermuda’s most successful realtors and businessmen has warned of the need to de-shackle Bermudians from institutional restraints that has hindered their development.
Bermuda’s longest serving P…
Sir John calls for a reshaping of the economy Read More
Business / News / Royal Gazette / Royal Gazette

Clarien Bank launches holiday GiveBack Campaign

November 22, 2023

Clarien Bank’s 17th Annual Holiday GiveBack Campaign has just been launched in support of local feeding charity Meals on Wheels.
The charitable effort has raised more than $120,000 for Meals on Wheels…
Clarien Bank launches holiday GiveBack Campaign Read More
Business / News / Royal Gazette / Royal Gazette

BEDC opens ByBermuda marketplace

November 22, 2023

The Bermuda Economic Development Corporation is launching ByBermuda 2.0, the revamped online marketplace, in conjunction with Global Entrepreneurship Week celebrations.
The platform helps small busine…
BEDC opens ByBermuda marketplace Read More
Business / News / Royal Gazette / Royal Gazette

Golden Ocean reinforces market leadership

November 22, 2023

Golden Ocean Group Ltd, the world’s largest listed owner of large size dry bulk vessels, has declared unaudited net income of $28.7 million and earnings per share of 14 cents for the third quarter of …
Golden Ocean reinforces market leadership Read More
Business / News / Royal Gazette / Royal Gazette

Body blow for crypto as Binance faces billions in fines

November 22, 2023

Bermuda’s fintech future suffered another setback with Bermuda-linked Binance agreeing to pay fines totalling $4.3 billion after the crypto exchange admitted wrongdoing in a Seattle federal court on T…
Body blow for crypto as Binance faces billions in fines Read More
Business / News / Royal Gazette / Royal Gazette

Bittrex Global to fold

November 22, 2023

Bittrex Global, the cryptocurrency exchange with offices in Bermuda and Liechtenstein, has encouraged its customers to withdraw their assets “as soon as possible” as it plans to close up shop.
The new…
Bittrex Global to fold Read More
Business / News / Royal Gazette / Royal Gazette

Black Friday an ‘event of significant importance’

November 22, 2023

Stores are gearing up for the annual Black Friday sale – with some hosting weeks-long promotions in the run-up to the event.
Black Friday takes place on the first Friday after Thanksgiving, which is o…
Black Friday an ‘event of significant importance’ Read More
Business / News / Royal Gazette / Royal Gazette

Concern for looming insurance industry skills gap

November 21, 2023

The principal fact-finding agency for the US Government in labour economics and statistics has forecast the loss of some 400,000 skilled insurance industry jobs from US markets by 2026.
The United Sta…
Concern for looming insurance industry skills gap Read More
Business / News / Royal Gazette / Royal Gazette

AGUK guarantees Heathrow bonds

November 20, 2023

A subsidiary of Bermudian-based Assured Guaranty has guaranteed principal and interest payments on £140 million of primary wrapped bonds issued by Heathrow Airport, Britain’s largest airport.
Assured …
AGUK guarantees Heathrow bonds Read More
Business / News / Royal Gazette / Royal Gazette

Everest appoints Patrick Hagerty

November 20, 2023

Everest Insurance, a division of Bermudian-based Everest Group Ltd, has appointed Patrick Hagerty as senior vice president and head of US retail property.
Mr Hagerty is based in New York and reports t…
Everest appoints Patrick Hagerty Read More
Business / News / Royal Gazette / Royal Gazette

Bacardi named among world’s best workplaces

November 20, 2023

Bacardi Limited, the Bermudian-based international spirits company, has been ranked 18th among the world’s best workplaces.
The annual list is presented by Great Place to Work, the US-based global aut…
Bacardi named among world’s best workplaces Read More
Business / News / Royal Gazette / Royal Gazette

Imports 20% below pre-pandemic levels

November 20, 2023

The volume of cargo brought to Bermuda remains 20 per cent below the island’s high-water mark in 2018, according to a firm’s financial report.
Polaris Holding Company Ltd, the parent company to Steved…
Imports 20% below pre-pandemic levels Read More
Business / News / Royal Gazette / Royal Gazette

Paradise Mobile takes top Tech Award

November 19, 2023

Paradise Mobile has won the Local Innovation of the Year prize at the annual Tech Awards for its telecommunications and mobile service product.
Claiming second spot in the local innovation category wa…
Paradise Mobile takes top Tech Award Read More
Business / News / Royal Gazette / Royal Gazette

STS Digital in pioneering move

November 19, 2023

A Bermudian-based digital assets service provider is to play a key role in the evolution of block chain-enabled financial innovation and investment opportunities.
Zurich-based Obligate, an on-chain ca…
STS Digital in pioneering move Read More
Business / News / Royal Gazette / Royal Gazette

Bermudians complete dock-worker training

November 19, 2023

Eleven Stevedoring Services Limited employees have completed comprehensive port worker training.
In collaboration with the Port Management Association of the Caribbean and the Caribbean Maritime Unive…
Bermudians complete dock-worker training Read More
Business / News / Royal Gazette / Royal Gazette

Bacardi pop-up offers brand samples at tasting

November 19, 2023

Bacardi has launched a pop-up bar for the holiday season to offer tasting experiences of some of its most popular brands.
The 1862 Holiday Pop-Up is on the second floor of the Bermuda Visitor Services…
Bacardi pop-up offers brand samples at tasting Read More
Business / News / Royal Gazette / Royal Gazette

Bermuda newcomer Aegon increases capital generation in Q3

November 18, 2023

Aegon Ltd, the international financial services holding company that has changed its legal seat to Bermuda, has reported increased capital generation in the third quarter of the year.
Issuing a tradin…
Bermuda newcomer Aegon increases capital generation in Q3 Read More
Business / News / Royal Gazette / Royal Gazette

Tips on keeping holiday expectations realistic

November 18, 2023

I love Thanksgiving almost as much as I love Christmas. There’s just something about the family time, and the official kick-off to the whole holiday season that feels extra cosy and magical.
But with…
Tips on keeping holiday expectations realistic Read More
Business / News / Royal Gazette / Royal Gazette

Hamilton marks their IPO ringing NYSE bell

November 17, 2023

There was loud applause led by Pina Albo, chief executive officer of the Hamilton Insurance Group, as the company celebrated the launch of their initial public offering with the ringing of the bell at…
Hamilton marks their IPO ringing NYSE bell Read More
Business / News / Royal Gazette / Royal Gazette

Applications open for non-profit accelerator programme

November 17, 2023

An organisation dedicated to helping the charitable sector is now accepting applications until December 4 for a course focused on the development and upscaling of non-profits.

The Non-profit Alli…

Applications open for non-profit accelerator programme Read More
Business / News / Royal Gazette / Royal Gazette

Bermudian takes top London fund to £3.5bn

November 17, 2023

When Bermudian James Thomson started managing the Rathbone Global Opportunities Fund in London, it was worth £4 million. Twenty years later that figure has grown to £3.5 billion.
“It feels like my bab…
Bermudian takes top London fund to £3.5bn Read More
Business / News / Royal Gazette / Royal Gazette

AM Best affirms Transmonde ratings

November 17, 2023

AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Bermudian-based Transmonde Services Insurance Company Ltd.
The outlook …
AM Best affirms Transmonde ratings Read More
Business / News / Royal Gazette / Royal Gazette

Entrepreneurs take centre stage

November 16, 2023

Jason Hayward, the Minister of Economy and Labour, has encouraged the public to participate in the Global Entrepreneurship Week UnConference, which runs through Sunday at the Pier Six Complex on Front…
Entrepreneurs take centre stage Read More
Business / News / Royal Gazette / Royal Gazette

Brookfield completes Argo deal

November 16, 2023

Brookfield Reinsurance has completed the acquisition of Argo Group International Holdings Ltd in an all-cash transaction valued at approximately $1.1 billion.
Making the announcement, Argo said Jessic…
Brookfield completes Argo deal Read More
Business / News / Royal Gazette / Royal Gazette

Roshan Navagamuwa to join AIG

November 16, 2023

American International Group Inc has announced that Roshan Navagamuwa will be joining the company in December and has been named EVP and chief information officer, effective January 1.
Mr Navagamuwa w…
Roshan Navagamuwa to join AIG Read More
Business / News / Royal Gazette / Royal Gazette

BMA registers 11 insurers in October

November 16, 2023

Seven restricted SPI insurers were among 11 whose registrations were confirmed by the Bermuda Monetary Authority in October.
Hexagon IV Re Ltd, Bellemeade Re 2023-1 Ltd, Blue Ridge Re Ltd, High Point …
BMA registers 11 insurers in October Read More
Business / News / Royal Gazette / Royal Gazette

Abir, EY return as headline sponsors of 2024 Risk Summit

November 16, 2023

The Association of Bermuda Insurers and Reinsurers and EY have reaffirmed their headline sponsorship of the 2024 Bermuda Risk Summit.
Presented by the Bermuda Business Development Agency, the event wi…
Abir, EY return as headline sponsors of 2024 Risk Summit Read More
Business / News / Royal Gazette / Royal Gazette

Biltir attends annual conference in Tokyo

November 16, 2023

Bermuda International Long Term Insurers and Reinsurers executives were in Tokyo, Japan, for the 2023 International Association of Insurance Supervisors Meeting and Global Federation of Insurance Asso…
Biltir attends annual conference in Tokyo Read More
Business / News / Royal Gazette / Royal Gazette

Applications open for CG summer internship

November 16, 2023

Applications have opened for the summer internship programme at CG Insurance.
The programme is geared towards college students and recent graduates aspiring to pursue a career in the insurance industr…
Applications open for CG summer internship Read More
Business / News / Royal Gazette / Royal Gazette

Free bartender training returns for unemployed youth

November 16, 2023

Bacardi and the Department of Workforce Development have returned with another edition of their professional bartender training programme for unemployed young adults.
They are now accepting applicatio…
Free bartender training returns for unemployed youth Read More
Business / News / Royal Gazette / Royal Gazette

Thrifty Kaye Spence opens Check Mate

November 16, 2023

You could never say Kaye Spence opened thrift store Check Mate in St George on a whim.
“I thought about it for ten years,” she said.
She loves thrifting, and has found plenty of others who share her p…
Thrifty Kaye Spence opens Check Mate Read More
Business / News / Royal Gazette / Royal Gazette

Bacardi on Forbes list of world’s top companies for women

November 16, 2023

Bermudian-headquartered Bacardi has been recognised by Forbes on its list of the world’s Top 400 companies for women in 2023.
The largest privately held international spirits company is ranked 329th a…
Bacardi on Forbes list of world’s top companies for women Read More
Business / News / Royal Gazette / Royal Gazette

Butterfield up in New York

November 15, 2023

The RG/BSX Index closed on Wednesday unchanged at 2,144.75 after a day of no trading on the Bermuda Stock Exchange.
Overseas, Butterfield Bank closed up eight cents (0.28 per cent) at $28.53 on the Ne…
Butterfield up in New York Read More
Business / News / Royal Gazette / Royal Gazette

Maiden reports Q3 loss of $3.5m

November 15, 2023

Bermudian-based Maiden Holdings Ltd has reported a third quarter net loss attributable to common shareholders of $3.5 million.
That compares with a net loss available to Maiden common shareholders of …
Maiden reports Q3 loss of $3.5m Read More
Business / News / Royal Gazette / Royal Gazette

Mazars, Forvis to create top 10 global network

November 15, 2023

Mazars, the leading international audit, tax, and advisory firm with an office in Bermuda, is to link up with accounting powerhouse Forvis to create a new, top 10 global network that will operate unde…
Mazars, Forvis to create top 10 global network Read More
Business / News / Royal Gazette / Royal Gazette

Economic round-table discussion to be broadcast

November 15, 2023

The Ministry of Economy and Labour is to host a round-table discussion on Bermuda’s economic development strategy that will air live on Facebook, YouTube and CITV.
The event will take place on Monday …
Economic round-table discussion to be broadcast Read More
Business / News / Royal Gazette / Royal Gazette

SiriusPoint head: no complacency despite Q3 success

November 15, 2023

A year ago speciality insurer SiriusPoint was in a dark place.
They were hugely under performing with a loss of $98.4 million by the third quarter of 2022.
“It was quite a high-risk moment for the …
SiriusPoint head: no complacency despite Q3 success Read More
Business / News / Royal Gazette / Royal Gazette

Axis Capital appoints John Owen

November 14, 2023

Bermudian-based Axis Capital Holdings Limited has appointed John Owen as chief executive of Axis Managing Agency Limited, subject to regulatory approval.
In his new role, Mr Owen will be responsible f…
Axis Capital appoints John Owen Read More
Business / News / Royal Gazette / Royal Gazette

Ratings downgrade for 777 Re Ltd

November 14, 2023

Concerns about the company’s balance sheet strength have prompted AM Best to downgrade the credit ratings of Bermudian-based 777 Re Ltd.
The agency has downgraded the financial strength rating to B (F…
Ratings downgrade for 777 Re Ltd Read More
Business / News / Royal Gazette / Royal Gazette

Butterfield up 8.84% on NYSE

November 14, 2023

The RG/BSX index shot up 243.25 points (12.9 per cent) on Tuesday to close at 2,144.75.
Three stocks traded on the Bermuda Stock Exchange, including 10,000 Argus Group shares with the price remaining …
Butterfield up 8.84% on NYSE Read More
Business / News / Royal Gazette / Royal Gazette

Insurance knowledge gap must be closed

November 14, 2023

Bermuda plays a pivotal role in closing a climate-induced protection gap experts said at the PwC Insurance Summit.
According to a Swiss Re Sigma report only 45 per cent of global economic losses due t…
Insurance knowledge gap must be closed Read More
Business / News / Royal Gazette / Royal Gazette

Mosaic adds Greg Branagan to tax underwriting team

November 14, 2023

Mosaic Insurance, the Bermudian-based global specialty insurer, has appointed Greg Branagan as tax underwriter, transactional liability in the company’s London office.
The company said Mr Branagan wil…
Mosaic adds Greg Branagan to tax underwriting team Read More

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