Royal Gazette

The United States-China relationship is a dominant factor that will impact everyone for a generation, a banking executive told the Bermuda Captive Conference.
Andrew McDougall, Barclays’ group managin…

A Paradise Mobile initiative will foster small business development that will bring new ideas to market.
It is part of a rethink of upstairs offices that the company now sees as event space at its 24 …

Cedar Trace has appointed Chris Wilson as managing director of Cedar Trace Capital Management, its insurance-linked securities and investment management platform.
Mr Wilson, who is based in Bermuda, w…

The RG/BSX Index plummeted 111.87 points, or 3.11 per cent, to close at 3,486.57.
Five thousand, five hundred Butterfield Bank shares changed hands on the Bermuda Stock Exchange to end the day at $54,…

Resolution Life has closed three transactions in Asia, the Bermudian-based reinsurer announced, covering policies in Hong Kong and Japan.
The deals continue the trend of Asian life insurers offloading…

The Fidelis Partnership has launched a new consortium capable of providing up to $345 million of cover per risk globally, as insurers respond to soaring demand for war, terrorism and political violenc…

Elizabeth Hathaway, a board-certified consultant psychiatrist, has joined Solstice.
Dr Hathaway’s specialist expertise in geriatric psychiatry strengthens support for older adults, families and caregi…

Bermudian-based oil tanker operator DHT Holdings has ordered a huge new vessel from a South Korean shipyard. At the same time, DHT announced a new $250 million revolving credit facility.
DHT’s agreeme…

Shares of Allshores traded on the Bermuda Stock Exchange today, closing with the price unchanged on $24 as 2,021 of the insurer’s shares changed hands.
The Royal Gazette/BSX Index closed unchanged on…

PwC Bermuda has announced a five-year commitment to support the Living Reefs Foundation, providing professional services and financial assistance aimed at protecting and restoring the island’s coral …

Mereo Insurance Ltd has started underwriting excess casualty energy policies acquired through a renewal rights transaction with Everen Specialty Ltd. It is the latest step in the Bermuda insurer’s exp…

Arch Capital Group has expanded the responsibilities of Maamoun Rajeh as part of a leadership restructuring that consolidates oversight of its three operating segments under a single president.
The Be…

Bermuda is focused on maintaining internationally recognised regulatory standards that promote confidence, stability and transparency, Jason Hayward told delegates at the Bermuda Captive Conference.
T…

Bermudian-based Convex Group has launched Kinetic Insurance Services, a UK-based managing general agency.
Kinetic, a wholly owned subsidiary of Convex, will be led by Theo Butt, former chief executive…

Arch Capital Group Ltd is offering $2 billion of debt in two senior note issuances.
The Bermudian-based insurer and reinsurer, a Class of 2001 start-up that is today a constituent of the S&P 500, …

As a semi-industrial area, Serpentine Road, Pembroke, can be busy with truckers, warehouse workers and tradespeople buzzing through at an early hour.
To cater to the area’s needs, Fire & Slice Piz…

Thomas McMahon was awarded the 2026 Fred Reiss Lifetime Achievement Award, recognising his outstanding contribution to Bermuda’s captive insurance industry.
Mr McMahon received the award, the highest …

A new framework that would allow foreign banks to offer services in Bermuda through a local agent is one of the ideas floated by the Bermuda Monetary Authority in a discussion paper on the future of b…

Students and interns from Bermuda, Canada, the United States and Britain have been learning about the industry from experienced professionals during the Bermuda Captive Conference.
Those studying for,…

Shares of Butterfield Bank gained 1.8 per cent in Bermuda Stock Exchange trading today. The bank climbed $1 to close on $56 on the trading of 5,756 shares.
The Royal Gazette/BSX Index climbed 57.57 p…

Trebuchet Group Holdings Ltd has appointed Heather Bisbee as group finance director.
The Bermudian-based firm described Ms Bisbee as “an experienced senior financial manager with high-level experience…

Brookfield Renewable Partners, a Bermudian-based limited partnership, has agreed to issue C$150 million (approximately $108.4 million) of preferred units, yielding 5.75 per cent, to the investing publ…

Arch Capital Group has launched a tender offer to buy back up to $350 million of outstanding debt securities from investors.
The offer from the Bermudian-based insurer and reinsurer applies to its 5.1…

Pinnacle Actuarial Resources, an American actuarial services firm, has acquired Bermudian-based Ordinance Holdings and the renewal rights for clients of Canadian firm Grape Bay Actuarial Consulting, e…

Thomas McMahon was today awarded the 2026 Fred Reiss Lifetime Achievement Award, recognising his outstanding contribution to Bermuda’s captive insurance industry.
Presented annually at the Bermuda Cap…

The Royal Gazette/BSX Index closed unchanged on 3,540.87 today.
Allshores was the lone issuer to see trading activity. The insurer closed unchanged on $24 on the trading of 34 shares.
The US-listed sh…

British-based specialty insurer Beazley plans to relocate an executive to Bermuda as its builds out its team on the island and prepares to move into the new office building at 91 Front Street.
The com…

Axis Capital Holdings has made Austin Su head of alternative risk, North America.
Mr Su will lead the development and execution of Axis’s alternative risk and structured casualty strategy across North…

Technological breakthroughs engineered by Paradise Mobile teams should be shared with the industry, a company executive has told The Royal Gazette.
Zlatko Zahirovic, Paradise cofounder and chief techn…

In a world obsessed with trading cryptocurrencies, hearing overnight success stories, and feeling the pressure to showcase status, the quiet truths about building wealth often get drowned out by nois…

Dear Dave,
My husband and I are in Baby Step 3. We currently have $1,800 saved toward our fully funded emergency fund goal of $20,000. I want to spend $400 on a flour mill that’s on sale. You use them…

Bermuda featured in a New York Times investigation of how American multinational companies are using island-based subsidiaries to slash their tax bills — even after implementation of the corporate inc…

The Royal Gazette/BSX Index closed unchanged yesterday on 3,540.87 in the absence of trading activity on the Bermuda Stock Exchange.
The index was unchanged for the week too, with Allshores the only s…

Lauren Anders Brown, founder and chief executive officer of PadsPass, the digital pet platform designed to make travelling with pets easier, is to speak at a major tourism conference next week.
Ms Bro…

The Government plans to introduce legislation allowing Bermuda to accept stablecoin payments and manage certain public financial assets in digital form, David Burt told the House of Assembly today, as…

Butterfield Bank has agreed to acquire CIBC Caribbean Bank in a $1.8 billion deal.
CIBC Caribbean, which operates in ten countries in the region and is headquartered in Barbados, is the Caribbean arm …

For the second time in its 168-year history, Butterfield Bank yesterday agreed to a deal which involves the Canadian Imperial Bank of Commerce taking a 22 per cent stake in the bank — but the circumst…

Patrick Fishel was paddleboarding around King’s Point in Sandys when the tides switched on him and the winds changed.
On an ordinary board he could have had difficulty getting back to shore, but on hi…

Carey Olsen in Bermuda has acted as joint lead counsel to The Bank of N.T Butterfield & Son Limited (“Butterfield”) on its landmark US$1.8 billion acquisition of CIBC’s 91.7% interest in Caribbean…

AM Best has affirmed the credit ratings of re/insurer Allied World Assurance Co Holdings Ltd and its subsidiaries, citing the group’s strong operating performance and balance sheet strength.
The ratin…

The RG/BSX Index finished up 1.96 (0.06 per cent) at 3,540.87 after 4,212 Allshores shares ($100,908) traded, finishing 20 cents (0.8 per cent) higher at $24. There was no other trading of domestic co…

A Bermudian-based tanker company has reported booming earnings and raised its dividend as geopolitical tensions and surging demand for oil transportation lift global shipping markets.
Nordic American …

Convex Group is expanding its presence in the Lloyd’s market with the planned launch of a new syndicate focused on long-tail speciality business lines.
The international speciality re/insurer announce…

Zlatko Zahirović, cofounder and chief technology officer of Paradise Mobile will help guide the technical strategy for how mobile devices function across North America, as the newly-appointed deputy c…

Butterfield Bank has agreed to acquire CIBC Caribbean Bank Ltd in a $1.8 billion deal.
CIBC Caribbean has a longstanding history serving communities across the Caribbean, and the deal will create a l…

Douglas De Couto believes Bermudians will feel “shock” over the $20.8 million gain that insurer Allshores booked from a Bermuda tax credit.
The Shadow Minister of Finance was reacting after The Royal …

Craig Swan, the chief executive of the Bermuda Monetary Authority, has expanded on local plans for the world’s first fully onchain economy, “a move he is certain will create amazing new opportunities …

The Bermuda Monetary Authority has petitioned the Supreme Court to wind up Bermudian-domiciled investment fund Yew Tree Investments Ltd under the Investment Funds Act 2006 and the Companies Act 1981.
…

When Germiko Hill and Andrew Brooks announced they were starting Harbour Roast, a speciality coffee import business, the response was excitement mixed with relief.
“One person said they had given up o…

Technological advances offer huge potential but are also bringing increased regulatory and compliance demands.
Duncan Card sees this scenario as the perfect environment to launch his new consulting fi…