Royal Gazette

Dear Dave,
I’m trying to wrap my head around your commission method of giving money to kids. We have an 11-year-old and a 16-year-old. Should they have individual lists of tasks, or should there be on…

The Royal Gazette/BSX Index climbed 111.93 points, or 3.9 per cent on Friday, driven by a rise in the share price of Butterfield Bank.
Butterfield gained $2 on the trading of 1,416 shares to close on …

Bermuda’s inflation rate edged down in June, as consumers paid 1.7 per cent more for goods and services than they did a year earlier, according to the latest Consumer Price Index released by the Depar…

Retail sales in Bermuda increased modestly in June, with higher spending on motor vehicles, fuel and building materials offsetting weaker sales of apparel and liquor.
According to the Ministry of Econ…

Hurricane Melissa, one of the strongest storms to hit Jamaica, has caused the island an estimated $22 billion in damages and economic loss, according to American forecaster AccuWeather.
The event appe…

Opera Group Ltd, a privately-held group of private client, corporate and fund administration businesses based in Guernsey, has announced plans to acquire Bermudian-based Meritus Trust Co Ltd, pending …

The Fidelis Partnership will launch a new Lloyd’s syndicate, backed by funds managed by Blackstone, following in-principle approval from the Lloyd’s market.
Syndicate 2126, which will target $300 mill…

EY Bermuda, the accounting and professional services firm, will be a headline sponsor for next year’s Bermuda Risk Summit, for the fifth year in a row.
The event, hosted by the Bermuda Business Develo…

AM Best has revised its outlook on Bermudian-based Everest Group Ltd and its subsidiaries to negative from stable, citing continued uncertainty following nearly $2 billion in reserve charges over the …

The parent of Bermudian-based reinsurance company IQUW, is being acquired by Starr, a global investment and insurance organisation.
The companies have announced a definitive agreement for the purchase…

HSBC Holdings plc reported a third-quarter profit after tax of $5.5 billion, down from $6.7 billion a year earlier, as the bank absorbed $1.4 billion in legal provisions tied to historical matters in…

American International Group has announced plans to acquire a 35 per cent equity interest in Bermudian-based Convex Group, marking a major strategic investment in the island’s reinsurance market.
The…