Royal Gazette

Athene Holding has appointed veteran pensions leader Robert Brackenbury to its board as an independent director, effective immediately.
Mr Brackenbury most recently served as deputy chief investment …

Students of several public schools were awarded prizes for standout performances in a financial literacy and coded simulation contest.
The primary and middle school students were tasked with completin…

Butterfield Bank customers were today encountering difficulties in making payments with debit cards issued by the bank.
In a statement Butterfield said: “We are aware that some clients are experiencin…

Bermudian-based Bacardi has closed a deal that makes the family-owned company the sole owner of the Teeling Whiskey Company.
Founders Jack and Stephen Teeling will remain a part of the Teeling brand,…

A new Bermuda company has brought specialised corporate training to the island that emphasises learning through direct experience, reflection and practical application.
Across the globe, organisations…

A local doctor is building a medical facility he hopes will relieve a life-threatening bed shortage at King Edward VII Memorial Hospital.
The new building at 32 Point Finger Road, Paget is being outfi…

Carlyle Group is unveiling a new framework for portfolio risk so that asset values reflect the insurance implications associated with severe weather shocks.
The $475 billion Washington-based firm says…

A US court has ordered the wife of Muhammad Ziaullah Chishti — a businessman who once claimed he would create 1,000 jobs in Bermuda at an artificial intelligence company — to turn over $9.8 million to…

Allshores’ share price rose 6.3 per cent on the Bermuda Stock Exchange today. The insurer gained $1.50 to close on $25.49 as 2,229 shares changed hands.
With Allshores the only stock to trade, The Roy…

Florida’s state insurer of last resort, Citizens Property Insurance Corporation, has revealed that new reinsurance coverage it purchased this year cost nearly 30 per cent less than last year.
Citizens…

CPA Bermuda is to host its first Accounting Career Fair to offer insights to young people considering a career in the profession.
The event will be held on July 1 on the upper level of Pier 6 from 4….

Over the past long weekend, one of the chores on my list was to look at our family budget. It has not been revised in a while, and unfortunately, some of the numbers are no longer realistic due to in…

Dear Dave,
My husband and I are debt-free, including our home. My husband is a great guy, and a talented man, but he’s also a bit of a dreamer sometimes.
He has written three or four novels that have…

Allshores Ltd plans to return up to $20 million to shareholders through a tender offer, a move the company said could put major cash into the hands of Bermudian investors while holding onto capital to…

More than a third of Bermuda directors believe at least one fellow board member should be replaced, according to PwC’s 2026 Corporate Governance Survey.
The survey also found boards are grappling with…

Moving to Bermuda from another country can be a logistical nightmare.
Housing stocks are tight at all price levels. Spaces in private schools are limited and just trying to find a handyman can be hard…

Insurance will play a vital role in enabling artificial intelligence data centres to be put into orbit — and talks are already happening between underwriters, brokers and the space industry.
Companies…

The level of investment into data centres globally may soon make it necessary for insurers involved to begin selling securitisation products to spread the risk among a broader pool of investors, acco…

LG G5 55

The Royal Gazette/BSX Index remained unchanged on 3,690.51 after no trading activity on the Bermuda Stock Exchange today.
The US-listed shares of Butterfield Bank gained 52 cents, or 0.9 per cent, to …

MS Amlin has warned that the United States is still exposed to a major hurricane threat this year despite forecasts for a quieter Atlantic season, estimating a 27 per cent chance that a Category 4 or …

More than 500 students, recent graduates and seasoned professionals attended the 2026 Athene Life Career Expo.
Attendees connected with industry professionals and executives, received one-on-one resum…

More than a third of Bermuda directors believe at least one fellow board member should be replaced, according to PwC’s 2026 Corporate Governance Survey.
The survey also found boards are grappling with…

Shareholders of Vantage Drilling International have approved the Bermudian-based offshore drilling contractor ’s proposed $257.6 million merger with Eldorado Drilling AS, clearing a major hurdle for a…

During the King’s visit in April, Government House and a British junior minister hosted a round table focusing on the state of insurance, Dave Morgan, the Deputy Governor has told an industry gatherin…

Rupert Henagulph started his personal training business, Alchemy Fitness, out of his parents’ garage.
His father put up some wood panelling in the 500 sq ft space to make things look a little less scr…

A Bermudian-based investment firm has accused Braemar Hotels and Resorts — a company in which it is a major shareholder — of “a brazen act of self-dealing”.
Al Shams Investments, which is owned by Syr…

AM Best has affirmed the credit ratings of Convex Group and its principal subsidiaries, citing the company’s strong capital position, improving underwriting performance and growing international footp…

The RG/BSX Index remained unchanged at 3,690.51, in the absence of trading on the Bermuda Stock Exchange.
Meanwhile Butterfield Bank fell $1.05 (1.78 per cent) on the New York Stock Exchange to close …

Bermuda’s first digital asset compliance boot camp will bring together regulators, lawyers and industry practitioners this week as the island continues to expand its digital asset sector.
ComplianceX,…

Everest Group has partnered with Stone Point Insurance Solutions to launch a Bermudian-based casualty reinsurance sidecar that is expected to provide about $600 million in third-party capital to suppo…

Arch Capital Group has promoted Jerome Halgan to chief executive of its global reinsurance operations as part of a senior leadership reshuffle at the Bermudian-headquartered re/insurer.
The company an…

Bermuda Container Line announced today the retirement of John Wight as chairman of the company’s board of directors after 15 years in the role.
George Hutchings, BCL’s deputy chairman, has been elect…

Bermuda Container Line announced today the retirement of John Wight as chairman of the company’s board of directors after 15 years in the role.
George Hutchings, BCL’s deputy chairman, has been elect…

Soft-drink entrepreneur Ashley Stephens continues to grow her brand with a seasonal business now set to expand into a year-round operation scheduled for the Wesley Square location and a more permanent…

Global insurance industry losses were 40 to 45 per cent below normal for the first half of this year, according to Gallagher Re’s chief science officer.
Steve Bowen said that amounted to losses of bet…

Consumers paid 2.2 per cent more for a basket of goods and services in January than they did the year before – the inflation rate falling from 2.4 per cent in December.
According to the latest Consume…

Shares of Allshores surged 9 per cent in Bermuda Stock Exchange trading today. The insurer climbed $1.99 to close on on $23.99 as 5,000 shares changed hands.
Watlington Waterworks also gained ground,…

Retail sales volume edged 1.1 per cent higher in January, year over year, the Department of Statistics said today.
Six of the seven sectors in the Retail Sales Index recorded year-over-year increases …

Bermudian insurer and reinsurer Axis Capital has appointed Pradip Patiath to the company’s board of directors. Mr Patiath will serve on the Risk and Human Capital and Compensation Committees, Axis sai…

Verdant Rock, a Bermuda-based financial guarantor specialising in emerging markets, has been assigned a BBB+ rating with a stable outlook by Fitch Ratings.
Founded in 2025 and holding a Class 3B licen…

S&P Global Ratings has downgraded the credit ratings of Vantage Group Holdings after its acquisition by Howard Hughes Holdings.
The ratings agency described the acquirer as being a “highly leverag…

Ariel Re has appointed Tim Shreeve as chief commercial officer.
In this role, Mr Shreeve will focus on identifying and advancing opportunities for growth across the business, the Bermudian-based reins…

A leading credit ratings agency has pushed back against a recent academic study that questioned the reliability of private-credit ratings used by life insurers, arguing that the research overstates bo…

Salomon Valles, golf course superintendent at The St Regis Bermuda Resort’s Five Forts Golf Course, has won the Marriott Golf Superintendent of the Year Award, recognising, the hotel said, “outstandin…

The rapid expansion of data centres powering the artificial-intelligence boom is creating significant opportunities for property-and-casualty insurers to develop new insurance products as demand grows…

The RG/BSX Index was closed today for the National Heroes day holiday.
Over last week, 12,344 Butterfield shares traded, as the stock appreciated by $2 or 3.6 per cent, as the Index rose 98.62, or 2.6…

Bermudian-based offshore drilling contractor Seadrill is seeking to raise $600 million through a new bond offering as part of a plan to refinance existing debt and strengthen its capital structure.
Th…

A 175-year-old American Bank out of Detroit, Michigan, has been involved in Bermuda’s captive insurance industry since the last century.
The regional Comerica Bank with 413 branches in five states, is…

After receiving dual pre-operational approval from the Bermuda Monetary Authority, the head of a new crypto firm is calling the island “a world-class risk management ecosystem”.
Andrej Majcen, cofound…