Royal Gazette | Bermuda News Updates

Assured Guaranty Q1 profit up, revenue down

May 9, 2023

Bermudian-based Assured Guaranty Ltd has reported net income of $81 million in the first quarter of 2023, compared to $66 million in the 2022 first quarter.
But revenue was down by $133.00 million fro…

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Earthquake detected 83km south east of Bermuda

May 9, 2023

A 4.3 magnitude earthquake occurred 83km south east of Bermuda, according to the US Geological Survey.
The incident took place at a depth of 7.6km this afternoon, the American monitoring agency said….

S&P maintains stable outlook for Bermuda credit rating

May 9, 2023

Ratings agency Standard & Poor’s has reaffirmed Bermuda’s A+ Sovereign Credit Rating and Bermuda’s A-1 short-term rating and its AA+ transfer and convertibility assessment.
S&P also maintained…

Coinbase happy with their Bermuda play

May 9, 2023

A Coinbase executive has assured Americans that the crypto firm is not moving offshore, despite receiving a license from the Bermuda Monetary Authority this month.
But he made the case for using a Be…

Clyde Best enjoys special visit to former club West Ham

May 9, 2023

Bermuda legend Clyde Best enjoyed a walk down memory lane after spending a few days visiting former side West Ham United.
Best, who became a pioneer for black players at West Ham, scoring 46 goals in …

Butterfield closes up on the NYSE

May 9, 2023

The RG/BSX Index was unchanged on Tuesday in the absence of trading, closing at 2,109.91.
Meanwhile the Bank of N.T. Butterfield & Son closed up 26 cents (1.08 per cent) on the New York Stock Exch…

Bermuda Bananas triumph over Platano Power

May 9, 2023

Mark James blasted a grand slam and a 3rbi shot while amassing 9rbi to lead Bermuda Bananas to a 22-19 victory in Softball Bermuda A Division action last week.
Bananas scored their final five runs in…

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Asbestos abatement courses on offer

May 9, 2023

The Department of Health will offer several training courses to get people certified – and recertified – in asbestos removal, the Government announced today.
The asbestos abatement courses will be ove…

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Santo Cristo Festival returns in full force

May 9, 2023

A religious Portuguese festival will take place in full this weekend for the first time in three years.
The Santo Cristo Festival will feature food and live entertainment, including a headlining perfo…

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Adult Education School focusing on life lessons and classroom teaching

May 9, 2023

The recently reopened Adult Education School is transforming the lives of mature students who were unable to graduate from high school.
But the school’s leaders insist that the facility provides much …

Triathlon Thursday night sprints start this week

May 9, 2023

The Bermuda Triathlon Association’s Thursday Night Sprints season starts this week.
Held at Clearwater Beach, participants compete in a 200m swim, an 8km bike ride and 2km run, although there are sho…

Barry DeCouto gives $5,000 to Central Counties Cricket Association

May 9, 2023

The Central Counties Cricket Association has received a huge boost with former player Barry DeCouto providing $5,000 of sponsorship.
Through his company, DeCouto and Dunstan Real Estate, DeCouto yest…

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Lawyer jailed for stealing from wheelchair bound client

May 9, 2023

A lawyer who stole more than $86,000 from her quadriplegic client was today imprisoned for five years.
Nancy Vieira, from Pembroke, was convicted of dishonestly obtaining a $50,000 money transfer fro…

Ardmore in Q1 profit bounce back

May 9, 2023

Bermudian-headquartered Ardmore Shipping Corporation, which owns and operates product and chemical tankers, has reported a first quarter turnaround year-over-year, recording net income of $43.3 millio…

White Mountains Q1 income climbs

May 9, 2023

White Mountains Insurance Group Ltd, the financial services holding company domiciled in Bermuda, has reported comprehensive income attributable to common shareholders of $180 million in the first qua…

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Construction safety certification courses being offered by DWD

May 9, 2023

People looking for a career in construction can now get international qualifications through a four-day government course.
The course, offered by the Department of Workforce Development, will train pe…

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Unusual sight as three brown pelicans spotted on island

May 9, 2023

Three brown pelicans have been spotted along North Shore, offering a rare sight for curious birdwatchers.
The pelicans were first spotted on Friday near Gibbet’s Beach in Smith’s before moving to Shel…

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Live: The promise and risk of artificial intelligence

May 9, 2023

Join our partner The Washington Post as they host Reid Hoffman, LinkedIn co-founder and a partner at the venture firm Greylock, in a discussion on the future for Artificial Intelligence.
Mr Hoffman w…

Argo first quarter loss increases to $36.4m

May 9, 2023

Argo Group International Holdings Ltd, which has agreed to be sold to Brookfield Re later this a year, reported its 2023 first quarter loss widened to $36.4 million.
Argo, a Bermuda-based specialty …

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Man and a woman admit dishonesty offences

May 9, 2023

A man this morning denied a recent series of burglaries, but he and a woman admitted two dishonesty offences that took place last year.
Jahnika Thompson, 42, from Hamilton Parish, and Norman Bell, 62,…

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Volunteers clean up more than 25,000lb of trash in one week

May 9, 2023

Volunteers helped to clean up more than 25,000lb in litter and illegally dumped waste during a weeklong island-wide clean up.
Keep Bermuda Beautiful organised its 2023 Great Big Bermuda Clean Up, spon…

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Hotel association backs Fairmont Southampton renovation

May 9, 2023

The Bermuda Hotel Association is backing controversial plans to redevelop the Fairmont Southampton resort.
In a statement, the association said that the redevelopment is vital to increase air visitor …

Butterfield in discussions over Google Pay

May 9, 2023

Google Pay, the contactless payment option, appears to be on the near-term horizon for Butterfield Bank clients in Bermuda.
Google Pay allows consumers to pay for products and services with their smar…

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Elderly man waits more than two days for hospital bed

May 9, 2023

A 76-year-old man had to wait more than two days for a bed after being admitted to King Edward VII Memorial Hospital’s emergency department, The Royal Gazette can reveal.
The man spent 53 hours before…

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Business-class airline applies to take flight from Bermuda

May 9, 2023

A boutique airline catering to Bermuda’s business-class travellers has gone public with ambitious plans to shuttle high-end travellers between the island and the United States.
Bermudair Limited filed…

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MPs warn of mental health risks of cannabis for young people

May 9, 2023

Bermuda must get real about the mental health risks connected to the misuse of cannabis, MPs from both sides of the political aisle have warned.
Wayne Caines, a Progressive Labour Party backbencher, …

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Post Office ignored procurement rules, court told

May 9, 2023

The Government failed to consult with local couriers before setting up its own overseas online shopping and shipping channel, a court has been told.
Mailboxes United, a Bermudian courier company with …

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Motorcycle rider in collision with unmarked police car

May 8, 2023

A motorcycle was briefly unresponsive after being in collision with an unmarked police car on Sunday night.
A police spokesman said that at about 10pm, police and EMTs attended a two-vehicle road traf…

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Royal Bermuda Regiment flies the flag at coronation

May 8, 2023

Members of the Royal Bermuda Regiment said they felt that they had been “part of history” by parading for King Charles III at his coronation in London.
An RBR spokesman said: “Members proudly represen…

Israel seizes Binance accounts allegedly linked to terrorists

May 8, 2023

A fintech firm that promised to create a global compliance base in Bermuda and invest millions in the island is in the news again.

Reuters is reporting that Israel has seized around 190 crypto acc…

SEC ordered to speak up on cryptocurrency regulation

May 8, 2023

The US Securities and Exchange Commission has been ordered by a US court to respond expeditiously, after a complaint from the cryptocurrency exchange Coinbase that the SEC needed to explain how it app…

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Children’s reading festival brings a splash of royalty to Bermuda

May 8, 2023

Hamilton played host to a right royal children’s reading festival which had a connection to the coronation of King Charles III.
Crowns and tiaras were the order of the day as youngsters were encourage…

Brookfield Renewable posts $32 million loss

May 8, 2023

Brookfield Renewable Partners LP has reported funds from operations of $275 million or $0.43 per unit for the first quarter of the year, a 13 per cent increase on a per unit basis over the same period…

Palomar parent reports Q1 net profit

May 8, 2023

Palomar Holdings Inc, the parent company of Palomar Specialty Reinsurance Company Bermuda Ltd, has reported net income of $17.3 million for the first quarter of 2023.
That compares to net income of $1…

Triton profits ‘well protected’ by strong lease portfolio

May 8, 2023

Bermudian-based Triton International Limited, the world’s largest lessor of intermodal freight containers, has reported net income attributable to common shareholders for the first quarter of 2023 of …

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Post Office to issue first day cover for coronation

May 8, 2023

The Bermuda Post Office will issue a $35 stamp and first day cover to commemorate the coronation of the King.
Vance Campbell,t he Cabinet Office minister, said the Post Office will produce 1,000 firs…

Young stars shine in Spring Fever Tournament

May 8, 2023

The Bermuda Lawn Tennis Association’s Spring Fever Tournament came to an exciting conclusion on Sunday.
After four days of play, a series of finals were held featuring some of the island’s most exciti…

Dage Minors pips Lamont Marshall to Legends Series Title

May 8, 2023

Front Street Mile Champion Dage Minors picked up another honour when winning the Swans Running Club Legends Series on Sunday.
With double points on offer in the final race of the series, the Bermuda H…

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Children’s Reading Festival

May 8, 2023

Children’s Reading Festival (Photographs by Akil Simmons)

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Renee Faulcon at the head of the class as nurse of the year

May 8, 2023

Renee Faulcon has been named Bermuda’s nurse of the year.
It was the fourth time Ms Faulcon, 58, from Devonshire, had been nominated for the prestigious award.
Ms Faulcon, who teaches nursing at Berm…

St George’s fight hard to topple league champions

May 7, 2023

Wellington Oval (St George’s won toss): St George’s beat St David’s by 51 runs.

St George’s came out on top in an exciting east end derby against defending Premier Division 50 Overs champions St …

Rodney Trott stars as Bailey’s Bay seal second successive win

May 7, 2023

Sea Breeze Oval (Rangers won toss): Bailey’s Bay beat Southampton Rangers by 66 runs.

Bailey’s Bay made it back-to-back victories at the start of the new 50 Overs Premier Division season when eas…

Tre Manders strikes at right time as Stars edge Warwick

May 7, 2023

Southampton Oval (Warwick won toss): Western Stars beat Warwick by 12 runs

Western Stars picked up their first Premier Division 50 overs league victory of the new season after defeating Warwick i…

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Executive airline applies to take flight from Bermuda

May 7, 2023

A boutique airline catering to Bermuda’s business class travellers has gone public with ambitious plans to shuttle high-end travellers between the island and the US.
Bermudair Limited, filed a request…

AIG reports strong premium growth

May 7, 2023

First-quarter results from Bermuda-based AIG show their general insurance adjusted pre-tax income increased by $37 million to $1.2 billion from the previous quarter.
AIG chairman and chief executive o…

Dry weather helps Watlington Waterworks bounce back from pandemic

May 7, 2023

Heightened demand due to a lack of rain on the island helped Watlington Waterworks Ltd to record net earnings of $2.25 million for fiscal year 2022, a jump of 26 per cent over the prior year.
Total re…

Mortgage reinsurer’s profit cut by 37%

May 7, 2023

Essent Group Ltd, the mortgage re/insurer based in Bermuda, has reported net income dropped 37 per cent to $170.8 million for the first quarter of the year.
That compares to net income of $274.2 m…

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Bermuda moves up in renewable energy rankings

May 7, 2023

Walter Roban hailed Bermuda’s progress on environmentally friendly policies at an international renewable energy conference in Miami.
Mr Roban, the home affairs minister and Deputy Premier, took part…

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Middle school students take on climate change with Bios

May 7, 2023

High tech classroom tools including virtual reality have taken more than 180 middle school students inside the “climate classroom” of global climate change.
M2 pupils from around the island were immer…

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Crash on North Shore Road west of Flatts

May 6, 2023

A woman was trapped in a car and injured when the vehicle crashed through a fence along North Shore Road in Smith’s at about 6.30pm today.
Police said the driver was headed east near Jennings Road at…