Royal Gazette

Bermuda has retained its A (high) sovereign credit rating with a stable outlook from Morningstar DBRS off steady economic growth and improving public finances, despite more external risks.
The ratings…

Aon has pointed to rising demand for complex, integrated risk solutions as reinsurance placement activity stayed steady in the first quarter.
The world’s second-largest insurance broker reported 4 per…

The Government of Bermuda has invited local businesses to apply for vendor spaces at the upcoming Bermuda Digital Finance Forum: Digital Payments Workshop and Market, scheduled for May 14, 2026, at Pi…

Bermuda’s long-term insurance sector strengthened its resilience to liquidity shocks in 2024, according to a new report by the Bermuda Monetary Authority.
The survey found reinsurers holding larger li…

Powerful artificial intelligence tools capable of finding and exploiting software weaknesses create the possibility of systemic cyber risk, says Arch Capital’s chief executive.
In an earnings call wi…

Gallagher Re is on the verge of releasing a survey that shows a surge in investor appetite for insurance-linked securities, as observers project a near-record cat bond issuance for the first quarter.
…

Hamilton Insurance Group today reported first quarter net income of $133.5 million, or $1.31 per diluted share, a rise of $53 million compared to the same period last year.
The firm reported operating…

The Royal Gazette/BSX Index remained unchanged at 3,540.87 through the limited Bermuda Stock Exchange trading of 17 shares of Allshores, which closed at $24.
Butterfield Bank finished at $55.45 on the…

Clients of payment gateway Powertranz can now pay with stablecoin thanks to a new partnership with 1Money, the first vertically integrated financial stack.
Bermuda-headquartered Powertranz can now tak…

Willis Towers Watson’s first-quarter results point to steady but modest growth in the core broking and advisory business that is most relevant to Bermuda’s re/insurance sector.
Organic revenue growth …

AM Best has upgraded the financial strength rating of re/insurer Starr’s new Bermuda reinsurer, IQUW Re Bermuda, to A (excellent) and its long-term issuer credit to a+ (excellent).
The outlook for bot…

Lancashire Holdings wrote $668.4 million in gross written premiums in the first quarter of 2026, 6.1 per cent less than the same period last year.
The Bermudian-based firm wrote $71.3 million, or 14….

RenaissanceRe halved its investment in gold during the first quarter — a position that stood at $1.2 billion as of the end of last year.
The revelation came from Kevin O’Donnell, RenRe’s chief executi…

Everest Group has reported a sharp increase in first-quarter profits, as improved underwriting performance and lower catastrophe losses drove stronger returns.
The Bermudian-based global re/insurer po…

The RG/BSX Index remained at 3,540.87 for another day in the absence of trading on the Bermuda Stock Exchange.
Meanwhile, Butterfield Bank slid down $1.44, or 2.57 per cent, on the New York Stock Exc…

The Department of Workforce Development is reintroducing its AI Education Series 2026, featuring artificial intelligence expert and educator Amrita Bhalla of AB Consulting.
The virtual training initia…

Allshores recorded underlying earnings from operations of $62.4 million for 2025 — the insurer’s first financial year since the business was formed by the amalgamation of BF&M and Argus.
Operatin…

The outlook on Bermuda’s long-term credit ratings has been revised upward by KBRA, to positive from stable.
The ratings agency also affirmed the island’s long-term issuer ratings of A+ for Bermuda and…

Nabors Industries posted a first-quarter net loss of $15 million attributable to shareholders, a reversal from $10 million in net income recorded in the previous quarter.
Despite the loss, the Bermudi…

Arch Capital recorded first-quarter earnings of $1 billion — nearly double the $564 million the company logged in the corresponding period of 2025.
The profit broke down to $2.88 per share, representi…

Bermuda-based reinsurer RenaissanceRe reported a sharp recovery in profitability for the first quarter of 2026, benefiting from a benign catastrophe environment and robust underwriting performance.
Th…

Butterfield today announced first-quarter net income of $62.6 million – up more than 16 per cent year over year.
Michael Collins, Butterfield’s chairman and chief executive officer, also signalled tha…

Specialist managing general agent Banyan Risk has hired industry veteran Dan Malloy to help drive its next phase of growth as its new executive managing director.
A long‑standing contributor to Banyan…

The Royal Gazette/BSX Index remained at 3,540.87 in the absence of trading on the Bermuda Stock Exchange.
Meanwhile Butterfield rose 29 cents, or 0.52 per cent, on the New York Stock Exchange to close…

Conduit Holdings’ chief financial officer and executive director has announced her intention to retire.
Elaine Whelan will continue serving in her current roles to ensure a smooth transition until sh…

LOM Financial announced full-year 2025 profits of $4.77 million, or 97 cents a share, largely unchanged from 2024, and representing a 10 per cent net return on equity.
The investment firm reported tha…

It was word of mouth that led to the incorporation of the latest Bermuda insurer aimed at providing solutions for the rapidly developing space economy.
Space engineers and insurance executives anticip…

Erkin Atakhanov set up an accounting firm in Bermuda to take advantage of what he saw as a bottleneck in the market.
“The service cost in Bermuda for captives and insurance companies is increasing,” h…

Analysts at Fitch Ratings see accelerating softening of rates impacting the results of a group of five Bermudian-based re/insurers.
In a peer credit analysis featuring Arch Capital, Ascot, Hamilton, R…

Often when we think about cybersecurity threats, we tend to think of sophisticated attacks carried out by highly skilled, well-resourced hackers. But most incidents, in fact, begin closer to home, ex…

A man was arrested on Monday morning after being involved in a collision that left a car on its side.
The Bermuda Police Service said that officers responded to a two-car crash at the roundabout conne…

American Overseas Group Ltd, the Bermudian-based insurance group, reported full-year consolidated net income of $10.8 million for 2025, up from $9.4 million a year earlier.
In the fourth quarter, the …

The Royal Gazette/BSX Index closed unchanged on 3,540.87 on a day of no trading activity on the Bermuda Stock Exchange today.
The US-listed shares of Butterfield Bank edged lower by three cents, or 0….

PartnerRe has announced the retirement of James Beedle, the chief executive officer of its Asia Pacific unit.
Mr Beedle served in the role for nearly a decade. The Bermudian-based reinsurer has appoin…

The Bermuda Economic Development Corporation (BEDC) is now accepting applications for the eighth cohort of its Enterprise Bermuda Incubator programme.
Designed to support local entrepreneurs and small…

Six out of ten insurers expect artificial intelligence to significantly transform their business models within the next one to three years, according to a survey by AM Best.
Around two thirds of respo…

Chubb chairman and chief executive Evan Greenberg has warned that artificial intelligence is fuelling an “arms race” in cyber-risk while at the same time reshaping how insurance is distributed, partic…

Employers should play their part in helping staff who are victims of domestic abuse, as it is both a safety and productivity issue, according to the Centre Against Abuse.
The charity is rolling out th…

Karen Beadle has joined Aon’s captive management office in Bermuda after more than five years at Granite Management Ltd.
After more than two decades in the captive insurance industry, the experienced …

A new strategic partnership between Agam Capital and 1823 Partners is set to offer global insurers an integrated balance sheet and investment solution, with links to Bermuda’s reinsurance market and r…

Recent amendments to Bermuda’s economic substance regime have transferred regulatory responsibility from the Registrar of Companies to the Corporate Income Tax Agency.
The Economic Substance Amendment…

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A controversial former Central Intelligence Agency director will speak at a Bermuda reinsurance conference later this year.
The highly decorated four-star US Army general, who once commanded forces in…

Dear Dave,
My husband and I are 38 years old. We’re completely debt-free, we each have great jobs with honest, conscientious companies, and we’re doing very well financially.
We tithe regularly to ou…

I was recently catching up with a friend over coffee, and she brought up how expensive everything has become and how she is not saving as much as she used to. Which, let’s face it, is something many …

Butterfield Bank slid 1.8 per cent on the Bermuda Stock Exchange today as 501 shares traded. The bank closed at $55.
The Royal Gazette/BSX Index fell 57.57 points, or 1.6 per cent, to close on 3,540.8…

A panel featuring politicians, business leaders and economists agreed that geopolitical turbulence is driving multiple challenges for Bermuda, while offering differing views on what to do about it.
Th…

Global business is entering what KPMG’s Stefano Moritsch calls a “geopolitical recession.” The changing rules of globalisation are driving companies to seek out stable, sophisticated jurisdictions whe…

The RG/BSX Index ended the day unchanged at 3,598.44 points in the absence of trading on the Bermuda Stock Exchange.
Meanwhile Butterfield Bank finished at $56.28 on the New York Stock Exchange, up 66…

A London-based company has built a specialty managing general agent developing parametric insurance products for space-related risks.
Orbway Group said it combines ground-based measurements, orbital …