Royal Gazette

International General Insurance Holdings has reported net income of $27.3 million for the first quarter of the year, a drop of $10.6 million compared to Q1 2024.
IGI group president and chief executiv…

Citing the uncertainty in the economy, the Federal Reserve today opted to maintain the target range for the federal funds rate at 4.25 to 4.50 per cent.
As officials concede growing concern over the U…

As soon as technology company, Circle, bought Hashnote, one of the largest tokenised treasury and money market funds in the world, they moved it to Bermuda to take advantage of the island’s digital as…

Aon plc, the global professional services firm, has appointed Amanda Lyons as CEO of Aon Reinsurance Solutions in Bermuda, effective July 1 and subject to regulatory and immigration approvals.
Based i…

Global Atlantic Financial Group, the retirement and life insurer, has made a strategic expansion of its Bermuda office into a new, state-of-the-art facility at Washington House, located on Church Stre…

Developing a clearer pathway to permanent residency status is critical to the international business sector, a leading insurance executive has said.
Sylvia Oliveira, chief executive of Wilton Re, tol…

The Ministry of Finance has hit back at criticism from medicine providers, insisting every pharmacy was informed about a change to the Government’s insurance plan that lowered the approvals threshold….

KPMG in Bermuda has appointed three senior professionals to bolster its tax and advisory services.
The firm announced that Irina Razumovskaya has joined as an associate director in tax, while Niall Ki…

The Fidelis Partnership has appointed industry veteran Peter Welton as its new head of speciality.
Mr Welton brings over 20 years of experience in the specialty insurance market, most recently serving…

Everest Reinsurance has appointed Jonathan Mesagaes as head of renewable energy. He will report to John Hyland, head of underwriting and marine, and work across the firm’s global specialities division…

Offshore drilling company, the Bermuda headquartered Valaris Ltd has agreed to sell its jack-up rig Valaris 247 to BW Energy for approximately $108 million in cash.
The sale is expected to close in th…

Cyber reinsurance specialist Envelop Risk has expanded its Bermuda operations with the appointment of Jacquelynn Morley, a seasoned underwriter with nearly two decades of industry experience.
Ms Morle…

Lancashire Holdings’ Q1 statements estimate aggregate net ultimate losses related to the California wildfires, in the range of $145 million to $165 million.
Alex Maloney, group chief executive officer…

A man was found dead in Warwick on Monday morning, police announced.
A spokesman said officers responding to a report of an unresponsive male at about 8.20am found the man’s body on Tribe Road No 6.
A…