Royal Gazette

Privately insured losses from Hurricane Debby will be close to $1.4 billion in the US with approximately $845 million from wind, $130 million from storm surge and $440 million from inland flooding, a …

Fidelis Insurance Holdings Ltd has reported sharp declines in both net income and operating net income year-over-year in the second quarter of 2024.
Net income fell 36 per cent year-on-year to $53.7 m…

Bermudian university student and former co-captain of the U17 Bermuda Women’s National Football Team, Zorena Anderson, has been awarded the 2024 Axa XL Scholarship, awarded to students pursuing an und…

Retail sales volume in Bermuda increased by 0.6 per cent year-over-year in February, according to figures released today by the Ministry of Economy and Labour.
That figure was determined after adjusti…

Inflation remained flat after peaking in the second half of 2022, as new figures show the Consumer Price Index holding steady at 2.5 per cent this February, according to figures released by the Govern…

Bermuda insurer and reinsurer Aspen has reported net income of $55 million and operating income of $98 million for the three months to June 30.
It brings their half-year numbers to $154 million in net…

Bermuda’s economy has received an alarming wake-up call with new information on declining cargo arriving into the island, an important indicator of Bermuda’s fiscal health.
Container volume at Hamilto…

A primary healthcare practice owned by the Argus Group includes more than 40 per cent of all general practitioners in Bermuda, the organisation’s chairman has revealed.
David Brown was addressing shar…

Seadrill Ltd, the Bermudian-based offshore drilling company, has delivered a second quarter profit of $253 million and a half-year profit of $313 million to June 30, according to their unaudited conso…

The Ministry of Youth, Social Development and Seniors has made a pledge to empower overlooked business owners through a collaboration with Caribbean countries.
The Caribbean and the Bermuda Economic D…

Paysafe Ltd, the Bermudian-incorporated specialised payments platform, has reported a net loss of $1.4 million in the second quarter, which compares with a net loss of $1.8 million in the prior year q…

Accredited Insurance Program Management has appointed Stuart McMurdo as president of Accredited UK & Europe.
In this role, Mr McMurdo will be responsible for leading Accredited’s operations across…

Butterfield has announced the successful conclusion of its 2024 Summer Internship programme which provided 12 Bermudian students pursuing an undergraduate degree with an opportunity to gain direct exp…

A podcast that began with the goal of supporting the resilience of Bermudian entrepreneurs has demonstrated its own durability by publishing its 100th episode.
Marketing agency Two Four One Branding, …

Top executives of the dominant market leader emerging from the combination of Bermuda’s two leading domestic insurers will set their sights on new strategies for growth.
BF&M and Argus Group are n…

The Teekay Group has made changes at the senior management level following a strategic review designed to simplify its structure.
Teekay Tankers’ president and chief executive, Kevin Mackay, and chief…

A wholly-owned subsidiary of Enstar Group Ltd, the Bermudian-based insurer, has reached an agreement to provide a ground-up loss portfolio transfer with certain subsidiaries of QBE Insurance Group Ltd…

AM Best has removed from under review with developing implications and affirmed the financial strength ratings of A- (Excellent) and the long-term issuer credit ratings of “a-” (Excellent) of the Accr…