Royal Gazette

A Bermudian-regulated digital asset trading firm has been recognised in the United States as demand grows for institutional-grade infrastructure in cryptocurrency markets.
STS Digital Ltd said it was …

Recently a friend of mine back in Australia bought some original artwork. Now, there are a few layers to this story. Firstly, I thought she was more a paint-by-numbers type of person, secondly I don’…

Dear Dave,
My wife and I make about $180,000 a year combined. We’re also debt-free, and we have no kids. We’d like to start planning to buy a nice piece of land sometime in the near future. Do you hav…

The RG/BSX Index closed 28.78 (0.79 per cent) higher at 3,670.38 on Friday, after 1,150 Bank of Butterfield shares ($62,975) changed hands, with the share price rising 50 cents (0.9 per cent) to $57.5…

A major amalgamation has been announced between The Meyer Group of Companies and the BEST Group of Companies, a Bermuda-based logistics, shipping, and supply chain conglomerate.
Meyer is Bermuda’s mos…

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Vice Admiral Nancy Hann, a former leader of the famed Hurricane Hunters programme, will deliver the keynote address at Convergence 2026, Bermuda’s flagship conference for the insurance-linked secur…

Willis Re has appointed two senior reinsurance executives from rival broker Guy Carpenter, including a Bermuda-based market veteran, as it continues to expand its leadership team.
The broker announced…

Sherry Trott started selling press-on nails in a kiosk on the ground floor of the Washington Mall two years ago, while she sold office furniture upstairs.
“It was a side hustle, but demand for the nai…

Small and medium-sized business owners who want to maximise their enterprises have an opportunity to obtain key advice from a chartered professional accountant, through the Bermuda Economic Developmen…

Prudential has appointed Donna Cotter as chief executive of a newly created Wealth and Bermuda division, as the island is poised to play a key role in the group’s push into high-net-worth wealth manag…

An international event that brings together growing companies and potential investors opens in Hamilton today.
The Bermuda Capital Event, organised by Vancouver-based CEM, will feature a series of pre…

Poetic, an artificial intelligence start-up, with $50 million in funding has revealed its intention to help businesses streamline complex tasks, including insurance underwriting.
American Internationa…

Iran is more than 6,000 miles from Bermuda, but its ongoing conflict has a local charity deeply concerned.
“For the organisation the conflict in Iran is a pressing concern,” said Will Campbell, vice-…

Shares of Allshores fell 8.3 per cent on light trading volume on the Bermuda Stock Exchange today. The insurer fell $2 to close on $22, as 900 shares changed hands.
LOM Financial gained 15 cents, or 1…

Lancashire has expanded its United States speciality insurance platform into three new product lines, as the group continues its multiyear strategy of diversifying beyond its traditional property, ene…

Banyan Risk has expanded its speciality underwriting platform with the launch of a healthcare professional liability line in Bermuda, backed by capacity from Mereo Insurance Ltd.
The new product will …

Willis Re, an international reinsurance broker, has appointed Bermuda market veteran John Fletcher to be its new chief executive officer.
Mr Fletcher joins from rival reinsurance broker Guy Carpenter…

AM Best has warned about dwindling reserves and slower claims resolution in the United States directors and officers liability insurance market.
The report suggests that what for decades as been a hig…

Ratings that underpin a growing slice of the $1.8 trillion private-credit market, the hottest corner of Wall Street in recent years, are systematically understating investment risk, according to a new…

Bermuda’s insurance sector added three new insurers in May, including Sompo Life Re Ltd and a new Prudential-affiliated Class E reinsurer, bringing the number of insurers registered this year to 27.
S…

Bermuda had its first airport car rental today, after years of settling the logistics of how it would be done.
The first customer drove off the car rental lot today in a just-imported vehicle from Rug…

Butterfield Bank’s share price was unchanged at $57 on the Bermuda Stock Exchange as 2,194 shares traded today.
The bank was the only stock to trade as The Royal Gazette/BSX Index closed unchanged on …

Willis Re has appointed Jim Summers as chief executive of global specialities, with immediate effect.
The international reinsurance broker said Mr Summers would lead strategy and growth across all spe…

The Fidelis Partnership has appointed Alex Rossiter as head of portfolio analytics and risk allocation, while Greg Bowman has taken on the newly expanded role of group head of ceded reinsurance analyt…

Last year was a busy one for Off-Grid RV, and this one is proving to be even more so for owners Tomika and Flavio Pacheco.
Since March, the couple have seen a steady stream of customers enjoying their…

Bermuda captives are being introduced to a new strategy to battle the rising cost of healthcare and address the persistent challenge of medical expense inflation.
Rajeev Dutt, principal and consultant…

Hudson Ferris has been named the inaugural recipient of the Deloitte Bermuda John Johnston “Leadership with Integrity” Scholarship.
The Scholarship is awarded annually and provides Bermudian undergra…

Marex Group’s planned redomiciliation to Bermuda is already showing its value in terms of investor confidence, according to the company’s chief executive officer.
The London-based financial services p…

Butterfield Bank stock worth $513,000 traded on the Bermuda Stock Exchange today, as the bank’s share price climbed 2.7 per cent.
The $1.50 gain left Butterfield’s share price at $57 at the close. The…

A subsidiary of Bermudian-based Coralisle Group plans to hike premium prices for its most basic health insurance plan in the Cayman Islands by 25 per cent, sparking a review by regulators.
More than 1…

A subsidiary of Bermudian-based Coralisle Group plans to hike premium prices for its most basic health insurance plan in the Cayman Islands by 25 per cent, sparking a review by regulators.
More than 1…

Bermudian-based Pacific Life Re has announced its third asset-intensive block reinsurance deal with Japanese life insurer Anshin Life, a subsidiary of Tokio Marine Holdings.
The deal follows transacti…

Bermudian-based Antares Re is backing a reinsurance offering from a US-based managing general agency.
Distinguished Programmes announced its expansion into the reinsurance market with the addition of …

Alex Brodgen has joined Bermuda life reinsurer InEvo Re as chief underwriting officer.
Mr Brogden joins from Monument Re, another Bermudian-based life reinsurer, where he worked for more than nine yea…

Walkers, the international legal and professional services firm, is celebrating ten years of doing business in Bermuda.
Starting as Taylors in association with Walkers on January 4, 2016, Walkers imm…

International General Insurance Holdings Ltd expects to launch operations in India this year.
The Bermudian-based specialty insurer and reinsurer announced it had secured registration approval from th…

Former premier Sir John Swan urged Bermudians to take care of their island and one another in a touching letter that was released posthumously this afternoon.
The statesman highlighted his “unwavering…

Starlink, the satellite broadband provider operated by Elon Musk’s SpaceX, has been providing service in Bermuda, even though not yet approved by the Regulatory Authority of Bermuda.
While waiting for…

Global insured catastrophe losses could approach $186 billion annually by 2030, creating more demand for risk-transfer products, according to new research from Swiss Re.
The institute estimates that t…

A leading insurer has warned that the reinsurance industry may be seriously underestimating earthquake losses because catastrophe models fail to account for a little-known phenomenon known as a supers…

Eric Andersen landed a job that most insurance executives would have long considered too good to be true: leading a strong AIG.
Thanks to a dramatic turnaround under his predecessor, Peter Zaffino, Am…

KPMG in Bermuda has awarded three scholarships to Bermudian students pursuing careers in accounting, insurance and financial services.
The firm announced that William Spriggs III received the KPMG Sch…

Let’s face it, planning for retirement can be confusing. The stock markets go up and down, and prices keep rising for everything from a carton of eggs to laundry liquid. Saving for retirement can fee…

Dear Dave,
I’m 25, and I work as a property manager making $65,000 a year. I’m in the middle of paying off my debts, but I’m struggling to stay intense about it. I’m in a long-distance relationship th…

The Royal Gazette/BSX Index climbed 2.44 per cent today to 3,571.75 as two listed companies traded.
Shares of Butterfield Bank gained $1.50, or 2.8 per cent, on the trading of 400 shares, to close on …

Vantage Group Holdings has completed its acquisition by Howard Hughes Holdings in an all-cash transaction valued at approximately $2.1 billion.

The deal, which was first announced in December, rec…

Butterfield Bank’s participation at the Bermuda Captive Conference included a portion of their exhibit dedicated to promoting Bermuda’s PGA Tour event, held every autumn at the Port Royal Golf Course …

Tawana Tannock told delegates at the Bermuda Captive Conference the story of how Bermuda has emerged as a leader in the maritime liability reinsurance business.
The managing director of the Skuld Berm…

As artificial intelligence grows in usage, so does the risk, an audience at the Bermuda Captive Conference heard.
An informal poll at the event at the Hamilton Princess & Beach Club found that alt…