Royal Gazette

Dear Dave,
My best friend from college and his wife are always talking about how much your teachings have helped them with their finances. I was wondering if you have any suggestions for single people…

What if retirement came not with a front door, but with a gangway? It may seem rather odd, but I have read many articles and blogs about retiring on a cruise ship, so I thought, for the 15th entry in …

Developers took another step in the reshaping of the West Hamilton skyline today, as a key construction milestone was achieved in the building of Luscar Place, the mammoth seven-storey development tha…

Developers took another step in the reshaping of the West Hamilton skyline today, as a key construction milestone was achieved in the building of Luscar Place, the mammoth seven-storey development tha…

AM Best has affirmed the A- financial strength rating of Enact Re Ltd, citing the Bermuda reinsurer’s very strong balance sheet and close relationship with its parent company in the United States.
The…

Talcott Financial Group has completed a $6.3 billion reinsurance transaction with Lincoln Financial, extending the transfer of legacy American life-insurance risk to the international group, which has…

More than 230 Bermuda Monetary Authority employees spent yesterday volunteering with eight charities and community organisations as part of the regulator’s fifth annual Community Day.
Staff supported …

Businesses seeking regulatory approval for directors, owners and senior personnel now need to account for an additional documentary requirement.
After a change introduced on October 1, the Bermuda Mo…

Zurich Insurance Group has completed its $10.8 billion acquisition of Beazley, bringing the London-listed specialty insurer — which has been building a Bermuda underwriting and insurance-linked securi…

NorthRock Cyber-Risk and Compliance Limited has launched in Bermuda to help local businesses independently assess their cybersecurity defences and manage growing privacy, cyber-risk and regulatory com…

Shares of both Butterfield Bank and Allshores fell more than 2 per cent on the Bermuda Stock Exchange today.
The Royal Gazette/BSX Index fell 92.23 points to close on 3,654.6. BSX volume totalled 3,17…

Nicola Bruce has joined Walkers’ Bermuda office as private capital and trusts partner.
Ms Bruce, recognised by Legal 500 as one of the five leading partners in the Bermuda trusts space, joins the inte…

RenaissanceRe has been named the top underwriter at Lloyd’s in a survey of high-performing syndicates.
The Bermudian reinsurer manages Syndicate 1458, which topped the rankings in Insurance DataLab’s …

Everest Group has completed the sale of its Canadian retail insurance operation to Wawanesa Mutual Insurance Co, marking another step in the Bermudian-based company’s move away from commercial retail …

Four senior promotions at KPMG in Bermuda cross audit and tax practices.
Subject to immigration approval, Minesh Ranchod and Tom Neill have been promoted to partner, while Knakita Bent and Irina Razum…

Banyan Risk, the Bermudian-based specialist managing general agent, has launched a new underwriting venture focused on one of the most difficult areas of the United States property insurance market: w…

Mosaic Insurance now underwrites political violence coverage through its European headquarters in Germany to meet rising demand through the region.
The Bermudian-based company offers up to €100 millio…

The Minister of Economy and Labour has said the Government is reconsidering the role of import tax in Bermuda.
Speaking at the Bermuda Life and Annuity Conference, Jason Hayward named the high cost of…

Bermuda’s financial services regulator has responded to a fast-changing market by growing its staff and adding a wide range of specialists.
Craig Swan, the chief executive of the Bermuda Monetary Auth…

Saving sufficient funds is one part of the retirement equation — working out how to turn those savings into an income that lasts for a life that could last another 30 years is the next challenge.
That…

A Bermudian-based asset manager has opened a representative office in Tokyo, adding to signs of growing financial services ties between the island and Japan.
Alpha Growth Management (Bermuda) Ltd, for…

A retired American general has suggested Britain can be a leader in modernising its defence institutions around the new concept of warfare being pioneered by Ukraine.
David Petraeus was discussing the…

American Overseas Group Ltd, the Bermudian-incorporated insurance holding company, reported net income of $1.6 million for the second quarter, down from $2.5 million in the corresponding period last y…

Ankur Pandya, has become Bermudian-based Relm Insurance’s new senior vice-president, financial lines and cyber.
He reports to Shane Doyle, chief underwriting officer.
Relm said Mr Pandya’s extensive …

The Employee Assistance Programme of Bermuda has once again attained full accreditation from the Nonprofit Alliance Standards Committee.
This accreditation lasts until June 30, 2030 and is granted by …

Bacardi Ltd has been ranked the top spirits company on Forbes’s World’s Best Employers list for 2026.
The Bermudian-headquartered, family-owned company placed 69th globally, up 17 places from last yea…

The Royal Gazette/BSX remained unchanged at 3,746.83, as no shares traded on the Bermuda Stock Exchange today.
Insurer Allshores announced in a filing with the BSX that its board had authorised the re…

A decade after Bermuda gained full Solvency II equivalence, a report commissioned by the Association of Bermuda Insurers and Reinsurers is arguing that the status should be treated as an ongoing relat…

Eight employees of Stevedoring Services have successfully completed a comprehensive port-worker training programme.
The education was delivered in partnership with the Port Management Association of t…

A strategic assessment of the wars in Iran and in Ukraine was delivered to senior executives in the long-term insurance industry yesterday at the 2026 Bermuda International Life and Annuity Conference…

Artificial intelligence detection programmes are being used by educators and human resource departments worldwide to catch cheaters.
The problem is that the same software has flagged Genesis in the Bi…

Popular exercise centre Beyond Fitness has announced its closure after 12 years in business.
It will officially cease operation on November 30.
In a letter sent to members and clients, co-owners Abby …

Bermudian-based specialty re/insurer Ascot Group has announced two executive promotions and a new hire.
Mark “Sarge” Pepper has been appointed president, global underwriting, effective October 1. In t…

The Royal Gazette/BSX Index closed unchanged on 3,746.83 today as no shares were traded on the Bermuda Stock Exchange.
Butterfield Bank’s US-listed shares fell 37 cents, or 0.63 per cent, to close on …

Allshores recorded operating earnings of $31.9 million for the first six months of 2026, up 15.7 per cent from a year earlier.
Net income was $44.5 million for the period, down 41.3 per cent from 2025…

Sun Life has launched a new company aimed at high net worth clients, Sun Life Bermuda Ltd, a wholly owned insurance subsidiary of Sun Life Assurance Company of Canada.
The new subsidiary is licensed …

Global speciality re/insurer Everest Group has made Nandini Mani senior vice-president, group chief claims officer, effective immediately.
Ms Mani succeeds Andrew McBride, who will retire following a …

Bermuda’s long-term insurance market manages more than $1.5 trillion in assets on behalf of roughly 90 million policy builders around the world.
This was one of the statistics that emerged out of the …

US insurance regulators are considering tougher capital requirements for some offshore life reinsurance deals, delegates heard at a conference in Hamilton yesterday.
Scott White, president of the Nati…

Bermuda Aviation Services plans to return up to $2 million to shareholders through a tender offer that could reduce the number of shares it has in circulation by about 18 per cent.
The Bermuda Stock E…

The Royal Gazette/BSX Index closed unchanged at 3,746.83 on a day of no trading on the Bermuda Stock Exchange.
Butterfield Bank’s US-listed shares fell 15 cents, or 0.25 per cent, to close at $58.80 o…

The Fidelis Partnership is planning an initial public offering of shares on the New York Stock Exchange.
The Bermudian-domiciled company, which describes itself as the world’s largest independent mana…

The executive director of the Centre Against Abuse is urging local firms to educate themselves about domestic violence.
“Domestic abuse is not simply a private family matter,” Laurie Shiell said. “It…

Retail sales volume fell 3.2 per cent in April, the first decline in six months, the Department of Statistics reported.
The sector to see the largest year-over-year sales drop was building materials s…

The annual rate of inflation edged up to six-month high of 2.5 per cent in April — despite a sharp fall in fuel and power prices and a plunge in the price of eggs.
The Consumer Price Index, published …

Five Bermuda College students have been awarded scholarships from Athene for the 2026-2027 academic year. Each scholarship covers the full cost of the student’s associate degree programme, including b…

Fortitude Re’s parent company has acquired Dayforward, an insurtech company with a digital platform that supports annuity providers.
FGH Parent, LP said the transaction would strengthen Fortitude Re’…

Managing general agency Arcadian Risk Capital has made Ian Peterson its executive vice-president, head of marine and speciality insurance, based in London, effective November 30.
Mr Peterson will lea…

Financial literacy was the focus of the first day of the Lumina Festival, when those attending were told to take control of their financial freedom.
High-powered speakers on Friday included interim ch…

The Cayman Islands Government is seeking parliamentary backing to explore forming a sovereign wealth fund, as another major offshore financial centre considers how to turn unexpected revenue into long…