Royal Gazette

Belco has concluded its summer internship programme which gave 17 students real-world experience across a wide range of departments.
These ranged from engineering, information technology, human resour…

Chubb Tempest Re, the global reinsurance business of Chubb, has announced changes to its senior leadership team.
James Wixtead, senior vice-president, Chubb Group and president, Chubb Tempest Re Group…

Vineyard Vines Bermuda has marked its tenth anniversary, celebrating a decade in business at its distinctive pink store on Front Street.
Customers, business partners and community members attended a p…

It is rare that an Instagram reel serves as the spark for a deeper financial analysis, but this particular clip was impossible to ignore. Its message was profound, forcing a reckoning with the precar…

The Royal Gazette/BSX Index remained unchanged on 3,745.99 today in the absence of trading on the Bermuda Stock Exchange.
For the week, the index slipped 0.92 of a point, with Watlington Waterworks (d…

AM Best has left the credit ratings of Bermudian-based insurer Vantage Risk unchanged following the change of leadership announced by the company this week.
Marc Grandisson, former chief executive off…

Dear Dave,
My parents recently lost their home due to some very bad financial habits. They have always had financial problems, even though my father is smart and makes good money. They found another p…

Shareholders have approved Brookfield’s plan to combine Brookfield Corp and Bermudian-based Brookfield Wealth Solutions under a single publicly-traded parent company.
Both companies got the needed bac…

Shane McDonnell has been appointed client partner at Gnosis, a Bermudian-based IT, cyber and business consultancy.
The appointment is one of several as Gnosis expands its IT and cybersecurity offering…

A grief support charity is alarmed that victims of gun crimes are “becoming younger and younger” after a double shooting on Wednesday night.
The Gina Spence Programme said it was saddened after two bo…

Gosling’s has partnered with Moongate Brewing Co to expand the availability of the locally brewed beer across the island.
The wines and spirits firm became the St George’s brewery’s official distribu…

Bermuda’s insurance sector added four more insurers in June, pushing the total number of new insurance companies licensed this year to 31. Activity was strong across both the island’s insurance-linked…

SiriusPoint, the Bermudian-headquartered global specialty underwriter, has appointed Emily Yoo as chief operating officer, a newly created role, effective August 10, 2026.
Ms Yoo will be based in New …

The Royal Gazette/BSX Index closed unchanged on 3,745.99 in the absence of trading on the Bermuda Stock Exchange today.
Meanwhile, the US-listed shares of Butterfield Bank soared $1.25, or 2.05 per ce…

The Bermuda Monetary Authority has issued a public warning in relation to an “investment opportunity seminar” at an island hotel this week.
Returns of 18 per cent on a $100,000 investment were describ…

Howard Hughes Holdings has appointed two former Arch Capital Group executives to lead the next phase of growth at Vantage, marking the first major leadership transition since its acquisition of the Be…

Aon has named David Crofts global head of capital solutions for financial sponsors, effective August 1. Mr Crofts will report to Joe Peiser, CEO of Risk Capital for Aon.
Aon, a risk adviser, insurance…

A Bermudian-based specialist marine insurer has taken a major step towards merging with one of the world’s leading protection and indemnity clubs, prompting AM Best to place its credit ratings under r…

Every year, a new smartphone arrives promising a better camera, a brighter screen, or some new artificial intelligence feature that is supposed to change the way we live. Most of us have become a lit…

Caricom has presented a plan for Britain to give up its territories, including Bermuda, as part of a raft of reparation proposals.
The key suggestion is featured in a policy statement being promoted i…

The Royal Gazette/BSX Index fell 1.9 points, or 0.05 per cent, to end the day at 3,745.99.
Only Watlington Waterworks saw movement with 600 shares trading with the price falling $1.50, or 4.4 per cent…

Liberty Mutual Bermuda has welcomed eight summer interns to its annual internship programme, which offers students and young professionals the opportunity to gain hands-on experience across the insura…

The world’s central bankers have warned that privately issued stablecoins should not become the foundation of the monetary system, even as Bermuda moves ahead with plans to expand stablecoin payments …

Mereo Insurance, the start-up launched by industry veteran Brian Duperreault, has joined the Association of Bermuda Insurers and Reinsurers.
Launched in February 2025, Mereo is a Bermuda-based reinsu…

Global logistics company DHL has closed the customer services desk at its location in Cox’s Hill, Pembroke.
All customer services, including package pick-up, will now be available only at its Hamilton…

Mosaic Insurance has welcomed eight interns across its offices in Bermuda, London, New York, and Chicago this summer, the largest group in the programme’s six-year history.
This year’s cohort, placed …

Shares of Allshores climbed 0.4 per cent in Bermuda Stock Exchange trading today. The insurer gained ten cents to close on $27.10 on the trading of 1,200 shares.
With Allshores the only stock to trade…

Britain is setting its sights on attracting a great share of the captive insurance market — in which Bermuda is a leading player.
The Bank of England announced today that financial regulators Prudenti…

Tanisha Butler has launched a boutique law practice with a focus on meeting the legal needs of “everyday Bermudians”.
Attorney Ms Butler said Roseum Legal and Consulting Services is dedicated to provi…

Artificial intelligence will be capable of doing the work equivalent of nearly 400 million of today’s jobs by 2050.
But global trends such as the ageing population and climate change will drive the cr…

The RG/BSX Index remained at 3,746.91 on the Bermuda Stock Exchange.
Five hundred shares of Butterfield Bank traded, leaving the bank unchanged at $58.05, while 700 Allshores shares changed hands with…

Bermudian-based tanker operator DHT Holdings generated time charter equivalent second-quarter earnings of $126,700 per day for each of the company’s vessels, which are all in the very large crude carr…

Carey Olsen has made a pledge to OutBermuda, signing on as a “rainbow sponsor” for the Bermuda Pride event for three years.
A spokesman for the charity said this was a landmark moment for OutBermuda, …

Nigel Burgess, director of utility regulation at the Regulatory Authority of Bermuda, has been elected deputy chairman of the Organisation of Caribbean Utility Regulators.
The appointment places a Ber…

Pay transparency in Bermuda has moved well past the idea stage. Jason Hayward, the Minister of Economy and Labour, first announced the Government’s policy proposal at a press conference on April 13, w…

A pioneering business in the employee assistance field is marking 40 years in business.
Benedict Associates was formed in the wake of landmark Archibald reports in the 1980s that followed The Royal Co…

Japan Post Insurance and Société Commerciale de Réassurance have signed a memorandum of understanding for a new reinsurance arrangement that could expand the use of sophisticated risk-transfer structu…

Importers are starting to see some relief from higher shipping costs imposed during the Middle East conflict, with Bermuda International Shipping Ltd reducing its inland fuel surcharge and eliminating…

Food and beverage companies are facing a more complex and unpredictable risk landscape. Concerns about food safety, geopolitical tensions and supply-chain disruption are all increasing while confidenc…

Bermudian lawyer Elizabeth Watson has returned home to join Marshall Diel & Myers Ltd’s family team.
For the past decade, Ms Watson has been practising matrimonial law in London, the firm said in …

Circle Internet Group, the stablecoin issuer licensed in Bermuda, has received the go-ahead from regulators in the United States to establish a national trust bank, marking what the company described …

Last week I was chatting with a friend and we were talking about how much things have changed in the past 30 years. I remember as a child getting excited to collect the mail from the mailbox in front…

Triangle Life Insurance Co Ltd has received a preliminary credit assessment from AM Best, marking another milestone for the Bermudian-based insurer as it grows its presence in the high-net-worth life…

Dear Dave,
I’ve never had a credit card in my life. I do have a $600 monthly car payment right now, and it’s my only debt. I owe $10,000 on the vehicle.
Currently, I have a six-month emergency fund s…

Shares of Allshores gained 1.9 per cent in Bermuda Stock Exchange trading today. The insurer climbed 50 cents to close on $27 as 300 shares changed hands.
With Allshores the only stock to trade, The R…

After a two-year hiatus a popular self-serve frozen treat shop has reopened in the West End.
Yo Cherry owner Carlos Francis closed his Sandys outlet in 2024 after two years in operation.
“I was buil…

A “contagion risk” to the life insurance industry is building in the Cayman Islands, amid a combination of rapid growth and regulation that falls short of international standards.
That is the view of …

Merchant credit card fees can really eat into a small vendor’s profits especially when they are first starting out.
Shakeem Albouy has launched Working On It, an app that can help Bermuda entrepreneu…

At some point, almost every regulated business will disagree with its regulator.
That is not an indictment of the regulator. It is the natural result of a regulatory system that depends on judgment.
…

The Bermudian-based global re/insurer Everest Group has made Craig Hanrahan its global distribution and chief commercial officer, effective August 1.
Mr Hanrahan will continue to report directly to Ji…