Royal Gazette | Bermuda News Updates

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Butterfield share price lower on NYSE

October 20, 2022

Butterfield Bank’s share price slumped $1.22 (3.47 per cent) to $33.98 Thursday on the New York Stock Exchange.
The RG/BSX Index closed unchanged for the second day in a row at 2,492.47, with no tradi…

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Excellent rating obtained by non-profit’s captive

October 20, 2022

AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to Bermudian-based Research Insurance Company Limited.
The outlook assigned …

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Motorcycle rider suffers leg injuries after collision with truck

October 20, 2022

A motorcycle rider was taken to hospital this afternoon after a collision with a Wedco truck in Sandys.
A police spokesman said that shortly before 2pm, officers received reports of a two-vehicle coll…

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Free webinar on data privacy offered

October 20, 2022

Walkers Bermuda and The TLC Group, will be hosting a free webinar on data privacy next month.
The one-hour webinar, A Refresh: The Personal Information Protection Act 2016 will be held on November 8….

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Funding placed for tech-enabled insurance agent

October 20, 2022

SiriusPoint Ltd, the global specialty re/insurer based in Bermuda, was among the participants in a $2.4 million seed extension funding round by LuckyTruck, the tech-enabled retail insurance agent focu…

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Everest Re estimates $600m in hurricane losses

October 20, 2022

Everest Re Group Ltd is estimating total pre-tax net catastrophe losses of $730 million for the third quarter.
Some $600 million is attributed to Hurricane Ian, which made landfall on the west coast o…

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Paul Gatutha joins SRS Bermuda

October 20, 2022

Strategic Risk Solutions, the world’s largest independent insurance company manager, has announced that Paul Gatutha has joined SRS Bermuda as a director in its Hamilton office.
The company said Mr Ga…

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RenRe estimates $650m in 2022 cat losses

October 20, 2022

Bermudian-based RenaissanceRe Holdings Ltd has estimated that losses from certain 2022 catastrophe events will have a net negative impact of approximately $650 million on the company’s third quarter r…

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Police warning over spate of thefts from vehicles

October 20, 2022

Police are calling on people to take proactive steps to stop thefts from unattended vehicles.
The Bermuda Police Service said there had been a recent increase in the number of thefts from cars and bik…

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Event to give young people a say in Blue Prosperity Plan

October 20, 2022

Young people were invited to provide input on how Bermuda can mitigate long-term threats such as climate change as part of a consultation on The Draft Blue Prosperity Plan.
The Bermuda Ocean Prosperi…

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Bahamas to appoint honorary consul to Bermuda

October 20, 2022

The Bahamas will appoint an honorary consul to Bermuda, it was announced last night at the opening of the Progressive Labour Party’s delegate’s conference.
Philip “Brave” Davis, the Prime Minister of …

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Compre buys Covéa’s Irish medmal unit

October 20, 2022

Compre, the Bermudian-headquartered international legacy group, has agreed to acquire the Irish subsidiary of Covéa, Medical Insurance Company DAC, which provided general liability insurance covering …

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Liz Truss resigns as British prime minister

October 20, 2022

British prime minister Liz Truss has resigned — bowing to the inevitable after a tumultuous six-week term in which her policies triggered turmoil in financial markets and a rebellion in her party obli…

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Dickinson says Burt not telling truth’ over island’s ‘perilous’ state

October 20, 2022

David Burt is not telling voters the truth about how “perilous” Bermuda problems are, Progressive Labour Party leadership challenger, Curtis Dickinson has warned.
In a hard hitting campaign video rele…

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Curtis Dickinson comes out fighting

October 20, 2022

Curtis Dickinson has dismissed David Burt’s claims that the $376 million Fairmont Southampton deal has been done as the former finance minister accused the Premier of using “cute talk” to “confuse” pe…

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End of an era as AS Cooper and Sons is wound up

October 20, 2022

Unsecured creditors of one of the island’s longest-established retail organisations were left completely out of pocket when the operation went under, one of the company’s joint provisional liquidators…

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The sweet life of Anayah Curtis

October 20, 2022

When Anayah Curtis launched her candy business, Sweeties, at age 15, she became the youngest vendor on the Sargasso delivery app.
A year later, Miss Curtis’s online shop is still going strong, sellin…

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‘A strong, united Progressive Labour Party is unstoppable’, David Burt tells PLP conference

October 20, 2022

David Burt used a rallying call to supporters to say his wife had endured “vicious and false stories” that had been targeted at attacking him.
The Premier appeared to brand the bid to oust him as “sil…

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Tax rebate application forms available online

October 20, 2022

Residents can apply for a payroll tax rebate that was announced as part of a $15 million economic relief package.
David Burt said that 75 per cent of the island’s workforce was eligible for the scheme…

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Flawless Town edge Cougars to claim top spot

October 20, 2022

Dandy Town 1 Devonshire Cougars 0

Dandy Town claimed top spot in the Bermuda Premier Division after edging Devonshire Cougars at Goose Gosling Field last night.
In an evenly-matched game between …

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Ian Coke hat-trick powers Boulevard to first league win

October 20, 2022

Boulevard 4 X-Roads 3

Boulevard captain Ian Coke produced a clinical display of finishing to propel Boulevard Blazers to their first league win of the season at Goose Gosling Field on Wednesday n…

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John Daly on his way for Bermuda Championship

October 19, 2022

One of the most famous physiques in world golf is getting ready to tee it up in the Butterfield Bermuda PGA Championship next week.
The cigar-chomping, beer-swilling John Daly has confirmed that he is…

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57th PLP General Conference

October 19, 2022

57th PLP General Conference (Photographs by Akil Simmons)

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Active Covid-19 cases at 65, flu vaccine programme set to start

October 19, 2022

Another 60 coronavirus cases were recorded by the Ministry of Health since its update last week, officials said today.
Results were received from 2,648 tests from October 11 to 17.
The latest figures …

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Live: the Progressive Labour Party’s 57th annual general conference

October 19, 2022

The PLP’s annual general conference is scheduled to begin at 7pm.
Speakers will include senator Lindsay Simmons, PLP MP Jache Wade, the Prime Minister of The Bahamas, Philip Davis, and David Burt who …

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Butterfield share price down in New York trading

October 19, 2022

Butterfield Bank fell 40 cents (1.12 per cent) to $35.20 at the close, on the New York Stock Exchange Wednesday.
Meanwhile, the RG/BSX Index closed unchanged at 2,492.47 in the absence of trading.

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Tax rebate application forms available online from today

October 19, 2022

Residents can apply from today for a payroll tax rebate that was announced as part of a $15 million economic relief package.
David Burt said that 75 per cent of the island’s workforce was eligible for…

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Appleby partner Jerome Wilson moderating panel on the future of money

October 19, 2022

Appleby partner Jerome Wilson will discuss the future of finance at the upcoming Bermuda Tech Week, focusing on banking institutions leaning into the digital asset market.
Mr Wilson, head of Appleby’s…

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Be courteous when using headlights, Road Safety Council urges

October 19, 2022

Motorists were today reminded to be cautious and courteous when using their headlights.
The Bermuda Road Safety Council said that road users must have reflectors or headlights on during the hours of d…

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BAMZ interns get hands-on experience in range of roles

October 19, 2022

Students were able to get hands-on experience for a number of different roles at the Bermuda Aquarium and Zoo this summer through the Bermuda Zoological Society’s internship programme.
Colin Brown, BZ…

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Hospital issues urgent appeal for people to give blood

October 19, 2022

Hospital authorities today issued an urgent appeal to the public to give blood as stocks have fallen.
Bermuda Hospitals Board consultant haematologist Dr Eyitayo Fakunle said: “Stocks of O positive bl…

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City asks public to be Kind over trash

October 19, 2022

The City of Hamilton has issued guidelines to residents, business owners and road users to ensure safe trash collection.
Advice includes keeping a safe distances from trash trucks, avoiding putting h…

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BIU president Chris Furbert backs Burt for PLP leadership

October 19, 2022

The head of the island’s biggest union has given his support to David Burt ahead of tomorrow’s Progressive Labour Party leadership contest.
Chris Furbert, the president of the Bermuda Industrial Union…

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Arch Capital estimates up to $560m of Q3 cat losses

October 19, 2022

Arch Capital Group Ltd has estimated pre-tax net catastrophe losses of $530 million to $560 million across the property casualty insurance and reinsurance segments in the 2022 third quarter.
The Bermu…

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Chubb creates new EVP role for Bill Hazelton

October 19, 2022

Chubb has named Bill Hazelton as executive vice-president, head of North America Industry Practices.
In this newly created role, Mr Hazelton will lead the company’s efforts to enhance delivery of comp…

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Pressure at KEMH forces Lamb Foggo weekday closures

October 19, 2022

A high volume of emergency visits and pressure on hospital beds mean that the Lamb Foggo Urgent Care Centre will be closed on weekdays for at least a month, the Bermuda Hospitals Board said today.
Med…

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David Florian appointed Aspida Life Re CEO

October 19, 2022

Industry veteran David Florian has been appointed chief executive officer at Aspida Life Re Ltd, the Bermudian-based life and annuity reinsurance company.
The company said Mr Florian is a seasoned rei…

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Underwriting veteran joins Canopius leadership team

October 19, 2022

Canopius Group, the global specialty re/insurer, has appointed Coleman V Johnson as chief underwriting officer, US and Bermuda.
Mr Johnson joins Canopius USA’s growing leadership team as the company c…

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Roads ban for man caught drink-driving

October 19, 2022

A Smith’s man was banned from the roads for 18 months on Friday after pleading guilty to drinking and driving.
Davon Lewis, 36, appeared in Magistrates’ Court and admitted driving while under the inf…

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Paralympian Jessica Lewis calls on people to help roll for Windreach

October 19, 2022

A three-time Paralympian has returned to host an annual accessibility campaign.
Jessica Lewis will be the face of the Rolling for WindReach challenge, which encourages participants to compete a 22 mil…

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Charities invited to apply to receive End-to-End money

October 19, 2022

Charities are being asked to submit applications to receive funds from the annual End-to-End event.
Money raised during the Convex End-to-End will go towards four charities as well as the operating ex…

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Derek Myers opens salad restaurant on Front Street

October 19, 2022

When Derek Myers opened his new salad restaurant, WildGreens Bermuda, this month, business was quiet.
“For the first two days, customers that came in were mainly people who knew us and knew that we ha…

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Caitlin Conyers to use Commonwealth Games heartbreak as catalyst for Olympics push

October 19, 2022

Caitlin Conyers is determined to use her Commonwealth Games heartbreak as the catalyst to enhance her Olympic qualification prospects at the Caribbean Championships this weekend.
Conyers contemplated …

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David Burt: ‘I will make the best party leader’

October 19, 2022

David Burt has said he is “confident” of beating off a challenge to his leadership of the Progressive Labour Party.
Mr Burt said he expected to win tomorrow’s battle against former finance minister Cu…

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Minister promises return of ferry to St George

October 18, 2022

The ferry route from Dockyard to St George’s will resume tomorrow, the Ministry of Transport announced tonight.
Lawrence Scott, the Minister of Transport, said his ministry was committed to running t…

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Nahki Wells scores again as Bristol City pour more misery on struggling West Brom

October 18, 2022

Nahki Wells struck his seventh goal of the season to help Bristol City clinch a 2-0 victory away to struggling West Brom in the Sky Bet Championship on Tuesday night.
City started brightly and were al…

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Bank share price lower on NYSE

October 18, 2022

The RG/BSX Index closed down 9.13 points (0.36 per cent) to 2,492.47 as one issue traded on the Bermuda Stock Exchange.
BFM Ltd fell $1 (4.5 per cent) to $21 on trading of 800 shares.
On the New York …

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Wind farms could save millions of dollars in energy costs – study

October 18, 2022

An offshore wind farm cold generate savings of between $15.8m and $17.9m per year according to a feasibility study.
According to an independent review conducted by BVG Associates and released by envir…

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Jury clears Zane DeSilva and daughter over Covid-19 party

October 18, 2022

A Government MP and his daughter were today both found not guilty of charges related to a party held in the midst of the pandemic.
After more than three hours of deliberations, a Supreme Court jury fo…

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Police undergo specialist training in fatal road crash investigations

October 18, 2022

Seventeen police officers have completed a UK course on the investigation fatal road traffic accidents.
Chief Inspector Robert Cardwell said that the Bermuda Police Service last week hosted UK trainer…

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