Royal Gazette

Sompo Holdings has completed its acquisition of Bermudian-based Aspen Insurance Holdings Ltd, bringing the island reinsurer fully under the Japanese group’s control and ending its run as a publicly-tr…

The Caribbean Catastrophe Risk Insurance Facility, of which Bermuda is a member, paid out more than $122 million during the 2024/25 policy year, its most impactful year since inception, as Hurricane B…

Ascot Group Ltd has appointed two senior global executives to its board of directors as the Bermudian-based speciality insurer marks its 25th anniversary.
The company said Patrice Walch-Watson and Chr…

Young people aged 15 to 21 with inspiring ideas to improve the community have an opportunity to win a share of $54,000 in prize money offered by the owners of a Bermuda insurance brokerage.
The Bright…

Global marine insurer Skuld has declared a successful and robust outcome for the 2026/27 mutual P&I renewal saying it reflected disciplined underwriting, firm market positioning and continued supp…

A new Bermuda-based life insurer, Ancient Reinsurance has formed, after Ancient Financial entered into a definitive agreement to acquire F&G Life Re.
Ancient Financial, newly formed financial serv…

A new report from the Financial Action Task Force (FATF) reports that cyber-enabled fraud has grown to one of the most widespread and damaging profit-motivated forms of crime, generating large volumes…

International General Insurance Holdings reported a fall in net income and gross written premium for 2025.
The Bermudian-based insurer and reinsurer posted a $127.2 million profit for the year, compar…

Convex Group’s full-year net income surged more 40 per cent in 2025, described as “a landmark year” by chief executive officer Paul Brand.
However, Mr Brand expects a more “challenging” market in 2026…

Bermudian-headquartered Hiscox Group has rebranded Hiscox Re & ILS as Hiscox Re.
Hiscox Re is comprised of the group’s reinsurance business and capital partner platform. Reinsurance is written th…

Price Forbes has appointed Gareth Davies as executive vice-president, head of property, effective immediately.
Mr Davies is based in Bermuda and reports directly to Carrie Kelley, CEO of Price Forbes…

The head of an executive recruitment agency and relocation firm believes hiring for the life insurance industry peaked in Bermuda last year.
Sylvia Jones, director of Elevate Executive Selection and f…

A pilot who filmed aerial TV coverage of the America’s Cup in Bermuda is planning to set up a new business on the island offering helicopter flights.
Michael Franck fell in love with the island after …

American tourism has plummeted, with $10 billion in revenue lost in the last year.
The New York Times has attributed the shortfall of 11 million tourists to increased scrutiny at the border, Immigrat…

Walkers has appointed a partner to lead its employment practice in Bermuda.
The law firm said the arrival of Nick Vernon marks a notable expansion of their offering at a time when demand for specialis…

The Bermuda Stock Exchange remained at 3,346.36 in the absence of trading on the Bermuda Stock Exchange.
Meanwhile Butterfield Bank fell $2 (3.76 per cent) on the New York Stock Exchange to end the da…

Veteran Bermuda re/insurance leader Fiona Luck has been made senior independent director (subject to regulatory approval) and deputy chair of Lloyd’s Council in London.
Lloyd’s is one of the world’s l…

Introduction of an income tax for Bermuda could put companies off hiring or maintaining jobs on the island, an international business leader has warned.
In a statement today, Christian Dunleavy, chair…

Subsea cable expert Fiona Beck, an adviser to the Bermuda Business Development Agency, says Bermuda has become a model for subsea cable investment by streamlining its permitting process to just 70 bus…

Dear Dave,
I talked to my dad the other day, and he wants me to pay for his life insurance policy. He says I should look at it as an investment, and he does not want to pay for it himself any more, si…

It is that time of year again when several of my personal insurance policies are up for renewal, including two life insurance policies. To be honest, given my age and the expense, I found myself ques…

Fidelis Insurance Holdings Limited, has expanded its capital management initiatives.
The strategic capital allocator and risk selector in specialty insurance and reinsurance has taken its approved com…

The RG/BSX Index remained idle today with no trading on the Bermuda Stock Exchange.
During the week, Bermuda Press rose 50 cents (8.3 per cent) to $6.50 after 1,100 shares changed hands.
Allshores ros…

Butterfield Bank has entered into an agreement to acquire Rawlinson & Hunter in Guernsey, the independently owned Guernsey member firm of the Rawlinson & Hunter International Network.
The acqu…

Pinion Insurance, the newly launched technology-enabled speciality insurer incorporated in Bermuda, has appointed Kyle Selvig as its United States chief underwriting officer as it prepares to enter th…

Only hours after the English Market opened its doors at a new location on Front Street, they were shut down.
Owner Fabio Iannone told The Royal Gazette he was able to operate until 5pm yesterday (Wed…

Accounting and business advisory firm, Abacus, has appointed insurance executive Susan Pateras as board chairwoman and also appointed well-known businesswoman Coral Wells to the board.
“Susan and Cora…

The Bermuda Chamber of Commerce 2026 Budget Breakfast & Economic Forum, sponsored by PwC Bermuda, sold out within hours of tickets being released, the chamber said yesterday.
The event takes place…

The Bermuda Economic Development Corporation has organised a workshop for merchants offering a sales blueprint for success this Saturday.
The BEDC’s Entrepreneur Excellence Boot Camp is hosted by San…

Retail sales dropped in September as food stores sales fell 4.8 per cent and previously robust vehicles sales were virtually flat.
It was the fifth fall in retail sales in the first nine months of 20…

A former Rosewood Tucker’s Point assistant manager has been recognised by Essence, the American magazine with a readership of 8.5 million.
Bermudian hotelier Richard Tucker, who is the general manage…

Pinion Insurance, a newly formed Bermudian-incorporated speciality insurance platform, will offer insurance capacity for managing general agents across the United States, British and European markets …

Inflation rose to its highest level in more than a year as the consumer price index to September, the Government’s latest figures, ticked higher.
Consumers paid 2.2 per cent more for goods and service…

Insurance brokers were feeling somewhat underappreciated this week as fears of disruption from artificial intelligence led to temporary weakening of industry stocks.

Intelligent Insurer reported i…

In a spirited blend of sport, camaraderie, and community impact, Willis Bermuda has turned a day of pickleball into a powerful act of giving.
The insurance brokerage firm recently announced a $30,000…

Inflation rose to its highest level in more than a year as the consumer price index to September, government’s latest figures, ticked higher.
Consumers paid 2.2 per cent more for goods and services th…

AM Best has affirmed the financial strength rating of A+ (Superior) and the long-term issuer credit ratings of “aa-” (Superior) of PartnerRe’s operating subsidiaries.
Concurrently, AM Best has affirme…

The RG/BSX Index remained at 3,418.28 today.
Fifty Butterfield Bank shares changed hands on the Bermuda Stock Exchange as the price ended the day unchanged at $53.50.
Allshores also saw activity for 5…

Bermudian-based re/insurer Vantage Risk, has appointed Oliver Ross as head of Bermuda casualty to strengthen the company’s leadership team.
According to Reinsurance News, Mr Ross joined the Bermuda of…

The CEO of a reinsurance company has suggested that reinsurance could soon move onchain.
Oxbridge Re’s Jay Madhu says tokenised reinsurance is closer than many expect, because more corners of traditio…

AM Best has declared that the credit ratings of Cavello Bay Reinsurance, a subsidiary of Enstar Group, are unchanged.
The announcement was made following news that Enstar has entered into a definitive…

The Royal Gazette columnist, Carla Seely, has rejoined Freisenbruch Insurance Services Ltd as chief operating officer.
As a writer for the daily newspaper, Ms Seely offers insights and practical a…

Kingate Management Ltd, the Bermuda company linked to the fallout from the Bernie Madoff fraud, is set to be dissolved after more than a decade in liquidation.
In a legal notice published this week, t…

The global wealth and asset manager, Lombard Odier Trust (Bermuda) Ltd, celebrates its golden anniversary of being in Bermuda by partnering with the Association of Bermuda International Companies, sta…

Walkers Bermuda and Carey Olsen have established themselves alongside the traditional legal powerhouses of Conyers and Appleby as top tier Bermuda law firms in the Chambers Global Guide 2026.
Conyers …

American subsidiaries of a Bermudian-based insurer have retained excellent credit ratings from AM Best.
Best has affirmed the financial strength rating of A (Excellent) and long-term issuer credit rat…

On the eve of the start of a crucial tourism year, participants at a Government-convened Hospitality Workforce Summit have raised concern about ongoing recruitment challenges in some areas of the hosp…

Dear Dave,
My husband and I make $180,000 a year combined. Right now, we’re working on our debt snowball. We’re almost debt-free except for our home, but we still have a little bit left on two car pay…

I am not really into New Year’s resolutions probably because I either fail them or forget them but last year in 2025, I made a pact with myself: “Stop comparing myself to others.”
That meant no longe…