Royal Gazette

Miller has appointed Kim Plant as head of North American property as the independent specialist re/insurance broker expands its wholesale business in the United States and Canada.
Mr Plant joins the …

The Royal Gazette/BSX Index closed unchanged on 3,741.86 in the absence of trading on the Bermuda Stock Exchange.
Butterfield Bank’s US-listed shares climbed back above $60 on the New York Stock Excha…

Compre has appointed Graham Taylor as managing director of underwriting as the Bermudian-domiciled speciality reinsurance group strengthens its senior leadership team.
Mr Taylor will report to Rachel…

The Fidelis Partnership has expanded its Bermuda underwriting platform with the launch of a new managing general agent focused on the American small and medium-sized enterprise casualty reinsurance ma…

Clarien Bank has promoted Melissa Buckley Pridham to senior vice-president and head of personal and private banking as part of a wider restructuring of its banking and wealth management businesses.
Th…

International law firm Walkers has announced the promotion of seven Bermudians across it’s Bermuda and London offices.
In Bermuda, promotions include Benjamin Green to senior counsel for finance and …

PwC Bermuda today announced the appointment of three new partners — David Cartmill, Crystal Pittendrigh and Damian Sealy. Their promotions are effective July 1.
Arthur Wightman, PwC Bermuda leader, sa…

The United Kingdom has taken over the global body that assesses how Bermuda and other countries tackle key financial crimes.
The Financial Action Task Force (FATF) leads global action to tackle money …

FryDays Bounce House in Dockyard has announced its closure this month after eight years in business.
In 2018 Mstira Weeks and Vic Ball opened a trampoline park at 7 Sail Loft Lane in Sandys. Five yea…

Shares of Butterfield Bank dipped 1.6 per cent in Bermuda Stock Exchange trading today. The bank fell 95 cents to close at $58.05 on the trading of 208 shares.
Allshores also saw trading activity and …

Bermudian-based supertanker operator DHT Holdings has announced its plans to implement design upgrades for its two newbuildings delivering from the Hyundai shipyard this year.
The company said the up…

American Overseas Group, a Bermudian-based insurance holding company, reported net income of $3.3 million for the first quarter of 2026 and made further progress with deleveraging.
The earnings, whic…

Bermuda Press Holdings Ltd swung to a $192,000 net profit for the first half of its financial year as revenue climbed 7.3 per cent, helped by the purchase of an additional commercial property.
Earning…

Yew Tree Investments Ltd has been wound up by order of the Supreme Court, financial services regulator the Bermuda Monetary Authority announced today.
The BMA petitioned the court to wind up Yew Tree …

Bermudian-based Mosaic Insurance has launched an innovative programme connecting senior political risk leaders with a pipeline of emerging talent to strengthen the fast-growing market.
The initiative …

The corporate income tax has had an uneven impact on local business sectors including banking and insurance, with winners and losers evident after the first year of the new tax.
Corporate reports and …

A new policy paper on the Bermuda Employment and Labour Relations Tribunal has uncovered a lack of compliance with tribunal orders.

Strengthening the Enforcement Powers of Bermuda’s Employment Tr…

When Latisha Lister-Burgess first started as a counsellor at the Employee Assistance Programme, she found that the organisation — designed to help employees — was often used as a threat.
“For a long …

A new report by reinsurance broker Guy Carpenter highlights persistently softening conditions in the traditional property market.
The report on July renewals said the global property catastrophe rat…

Shares of Butterfield Bank surged 3.5 per cent in Bermuda Stock Exchange trading. The bank rose $2 to close at $59 on the trading of 1,500 shares.
Butterfield was the only stock to trade as The Royal …

KPMG in Bermuda is set to host its student networking event, K‑Nect, designed to introduce high school and university students to career opportunities within the financial services industry.
The even…

Sixth Street, a global investment firm, has agreed to take a majority stake in Bermudian-based Monument Re.
The life insurer and reinsurer, which is focused on the acquisition and management of in‑for…

A powerboat pilot died on Sunday after crashing into a moored vessel in Hamilton Harbour, police have confirmed.
The incident happened in the area of the Lower Ferry site in Paget at about 3.45pm duri…

Bermuda’s real estate market is the hottest it has been in 20 years, a top realtor said.
The largest real estate agency has 40 properties in, or about to go in contract, for sales representing about $…

Electric car rental company Rugged Rentals has secured a $1.1 million capital injection, enabling it to double its fleet of vehicles.
The investment was secured with the support of the Bermuda Investo…

Bittrex Global has asked the Judicial Committee of the Privy Council for special leave to appeal in its long-running legal battle over customer cryptocurrency assets, extending one of Bermuda’s most i…

A passenger on a Bermuda-bound flight whose take-off was aborted on the runway in Miami has shared her gratitude for the pilot’s swift actions.
Jennifer Doe was on the American Airlines service schedu…

Dear Sir,
As I prepare to leave Bermuda after serving as an educator at Saltus Grammar School for the past three years, I feel compelled to publicly celebrate Shayne Scott, Assistant Director of Middl…

Gates Industrial Corporation has won overwhelming shareholder backing for its plan to move its corporate domicile to Bermuda from England and Wales, saying the change will reduce administrative costs….

The Bermuda Monetary Authority is increasingly using artificial intelligence and advanced supervisory technology to strengthen oversight of the island’s financial services sector, according to its 202…

The US-listed shares of Butterfield Bank closed above $60 for the first time today.
The bank gained 80 cents, or 1.34 per cent, to end the week at $60.34, on the trading of 189,900 shares.
Since it fl…

Bermuda’s digital asset sector expanded rapidly last year while the Bermuda Monetary Authority posted higher revenue and profits as it increased staffing to oversee the island’s growing financial serv…

Artificial intelligence is changing the face of accounting but it will not replace humans, says one person in the industry.
As Chartered Professional Accountants Bermuda gears up for an accounting car…

An iconic and historical Paget property is up for sale for $2.9 million.
Salt Kettle House is listed on the Coldwell Banker Bermuda Realty website. Hazel Lowe ran the popular facility for almost 45 ye…

Two Bermuda entrepreneurs are holding a summer camp to help introduce young children to basic money basics.
Tauria Raynor and Leighsa Darrell-Augustus, of CasualBusiness Media, say the Young Money Min…

The e-bike industry is booming in Bermuda, as evidenced by this week’s police crackdown on the use of the electric-powered vehicles in contravention of the traffic code.
Dr EV, the business that rents…

Bermuda’s financial services sector is focused on bringing digital-asset technology into wealth, insurance and investment structures, rather than treating cryptocurrency as a stand-alone market.

A…

Allshores’ share price rose 9.8 per cent on the Bermuda Stock Exchange today. The insurer gained $2.49 to close at $28 as 200 shares changed hands.
Butterfield Bank also traded, falling 50 cents, or 0…

A global insurance broker has partnered with a Bermuda charity to support its mission of helping teenagers develop the skills and confidence they need to succeed in work and further education.
Aon has…

Safepoint Holdings, a Florida-focused property insurer with Bermudian-linked reinsurance operations, has withdrawn plans to raise up to $283.3 million through an initial public offering in the United…

Allshores’ share price rose 2 per cent on the Bermuda Stock Exchange today. The insurer gained 50 cents to close at $25.51 as 5,000 shares changed hands.
With Allshores the only stock to trade, The Ro…

AM Best has assigned a preliminary credit assessment to Fortium Insurance Co Ltd, a Bermuda start-up planning to write short-tailed speciality insurance business.
The ratings agency assigned Fortium a…

Bermuda Motors representatives attended a Mini product and marketing conference in Budapest, Hungary, this month, where they received updates on the carmaker’s product strategy, marketing plans and th…

PwC Bermuda will host its annual HeadStart summer networking event next month, bringing together students and recent graduates interested in careers in professional services.
The event will take place…

Butterfield Bank said this morning that it has resolved issues that were yesterday causing difficulties for customers in making payments with debit cards.
“We are pleased to advise that the issue affe…

Allshores’ announcement that it will buy back up to $20 million of its own shares — after booking a tax credit for a similar amount — has sparked a call for insurance premium rates to be regulated.
Do…

Bermuda Longtail Real Estate agency is winding down its operations after 16 years in business.
Its principal, the award-winning realtor Cecilia “Cesa” Edwards, will take over as agency manager for res…

Vantara Relocation has made its official debut serving executives, professionals and international families moving to Bermuda.
Husband-and-wife co-founders Patrick and Elizabeth Sloan will be offering…

AM Best has affirmed the A (excellent) financial strength rating and the long-term issuer credit ratings of “a” (excellent) for insurer Allshores General Insurance Company (Bermuda) and Island Heritag…

Shares of Allshores fell 1.9 per cent on the Bermuda Stock Exchange today. The insurer fell 48 cents to close at $25.01 on the trading of 3,000 shares.
The Royal Gazette/BSX Index fell 4.7 points, or …