Royal Gazette

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AM Best has withdrawn its ratings for Evergreen Insurance Company Ltd after the Bermudian-based company requested to no longer participate in the credit rating agency’s interactive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