Royal Gazette

A company founder claims to be seeking a new path in the global push to artificial intelligence aimed at asset management.
Janet Adams is CEO of Kailanta Capital, which is said to be a next-generation…

Katryn Smith, a Bermudian, has been appointed as audit partner, joining the partnership at Deloitte Bermuda, effective June 1, 2026.
Ms Smith has played an important role in serving clients across the…

Shares of Allshores gained 11.7 per cent in Bermuda Stock Exchange today, rebounding from a fall of similar size on Tuesday.
The insurer gained $2.50 to close on $23.80 as 4,500 of its shares changed …

Brookfield Corp and Brookfield Wealth Solutions have received board approval to move ahead with a plan to simplify their corporate structure under a single publicly traded company.
The companies anno…

Bermudian-based SiriusPoint is expanding into specialty underwriting with the launch of a new crisis solutions business focused on war, terrorism and political violence risks.
The company announced th…

One of the world’s foremost insurance leaders has expressed deep concerns about the economy, citing uncertainties he sees ahead.
And in a March shareholders letter, he reiterated a planned reduction i…

Allshores has booked a $20.8 million estimated gain through a Bermuda substance-based tax credit.
The company recognised the figure in its income statement as a reduction in net operating costs.
The …

Florida insurer Safepoint, which owns three Bermuda captives and is a substantial user of the Bermuda insurance-linked securities market, is seeking to raise as much as $283.3 million in a US initial …

Shares of Allshores fell 11.3 per cent in Bermuda Stock Exchange trading today.
The insurer closed down $2.70 on the trading of 5,002 shares to close at $21.30 on the BSX.
With Allshores the only stoc…

Bermudian-based offshore drilling contractor Vantage Drilling International reported a return to profitability in the first quarter of 2026, posting net income attributable to shareholders of approxim…

BermudAir is proving to be a high flyer in terms of customer service.
The airline revealed that its net promoter score, an established industry benchmark, is 70, ranking it among the world’s best.
Net…

The editor of an online crypto market news publication tried to pin down David Burt, the Premier and Minister of Finance, on potential plans for a post-government role with Bermuda’s growing list of d…

Assets held by Bermudian-based trusts can be frozen in cases where people subject to European Union sanctions effectively control the trusts, the EU Court of Justice has ruled.
The question came into…

The Royal Gazette/BSX Index was unchanged on 3,540.87 in the absence of trading activity on the Bermuda Stock Exchange today.
BSX-listed insurer Allshores today announced a dividend of 40 cents per sh…

Shareholders of Marex Group, a financial-services company based in Britain, have approved the company’s plans to redomicile to Bermuda.
At a general meeting in London last week, the shareholders appro…

A Bermudian company has launched what it describes as the world’s first regulated onchain vault, increasing accessibility to global investments for people who lack a brokerage account.
Plume, an open …

The net purchase price consideration of BF&M’s acquisition of Argus, including the fair value of the group’s pre-existing interest in their competitor, was $43.2 million.
This emerged from the All…

The New York metropolitan area has the largest number of homes vulnerable to hurricanes of any area in the United States, property analytics firm Cotality has reported.
More than 3.27 million New York…

Rize Technologies says its Bermuda-focused artificial intelligence platform relies on a proprietary local knowledge system rather than generic AI models, as the company revealed more details about the…

Major companies across the European Union have faced substantial fines between 2019 and 2024, estimated at a total of €930 million (about $1.08 billion), not only for cyberattacks or data breaches, b…

Bermudian-based Everest has launched a new scholarship programme in honour of former chairman Joseph Taranto as part of a broader effort to support education and develop future leaders.
The global ins…

The Royal Gazette/BSX Index was unchanged on 3,540.87 after no shares were traded on the Bermuda Stock Exchange today. For the shortened trading week, the index was also unchanged.
The US-listed share…

Life and annuity reinsurer Prismic has raised approximately $1.9 billion in new commitments, exceeding its original $1.6 billion target as institutional investors pour capital into the island’s expand…

Just in time for the Bermuda Day holiday, a YouTube video explains in the simplest of formats, the history of Bermuda and how it developed its reinsurance industry.
The video quickly drew comments, in…

The Royal Gazette/BSX Index was unchanged on 3,540.87 in the absence of trading activity on the Bermuda Stock Exchange today.
The US-listed shares of Butterfield Bank climbed 84 cents, or 1.51 per cen…

KPMG in Bermuda has strengthened its healthcare consulting team in Bermuda as it introduces an island-focused approach to mental health.
Penelope Johnstone has rejoined KPMG in Bermuda as a manager in…

Total catastrophe bond and insurance-linked security listings on the Bermuda Stock Exchange exceeded $68.5 billion in the first-quarter of year, as the BSX further grew an already dominant market shar…

Global reinsurer MS Reinsurance announced today that it produced a net profit of $415 million after tax for the year ended 2025, compared to $346 million for the year ended 2024.
The company, which ha…

Chubb Bermuda announced two leadership appointments.
Robert Spurling has been named head of financial lines, Chubb Bermuda. Mr Spurling currently serves as senior vice-president, financial lines under…

Jennifer Masters has been promoted to managing director, international operations leader at Brown & Brown Bermuda and remains the Bermuda captive leader, the company said today.
In addition, Abiga…

Everest has agreed to sell its Colombia insurance operation to American International Group as the company embarks on a broader strategy to streamline its business and concentrate on core operations.
…

Mereo Insurance Ltd has expanded into excess casualty insurance through a renewal rights transaction with Everen Specialty Ltd.
The insurer said it will become the carrier for new and renewed busines…

The Royal Gazette/BSX Index was unchanged on 3,540.87 today.
Allshores was the only issuer to trade, with seven shares changing hands as the insurer remained unchanged on $24.
The US-listed shares of…

A former chairman of Butterfield Bank has been appointed chairman of HSBC Bermuda.
Barclay Simmons who recently joined the HSBC Bermuda board as an independent non-executive director, succeeds Anthony…

The Bermuda Monetary Authority (Authority or BMA) today announced two senior executive appointments, with Mesheiah Keane appointed chief operating officer and Graham Collier named chief technology of…

Last week’s Digital Payments Workshop and Vendor Market led to a wider understanding of fintech after the US dollar stablecoins airdropped to Bermuda residents, and a broader adoption of digital finan…

The Corporate Income Tax Agency has published a consultation paper inviting stakeholder feedback on amendments to the Corporate Income Tax (Administrative) Regulations 2025, and on a new set of regula…

Bermuda Motors AI auto mechanic Patrick Abuluyan has completed advanced technical training in Trinidad conducted by Toyota Tsusho America.
The intensive programme focused on smart start and entry sys…

The Royal Gazette/BSX Index remained unchanged on 3,540.87 in the absence of trading activity on the Bermuda Stock Exchange today.
The US-listed shares of Butterfield Bank gained $1.29, or 2.36 per ce…

Telecom has a value capture problem, the chief executive of Paradise Mobile said at the inaugural Mobile Network Innovation Summit in England.
Sitting on a panel with industry players such as Nick Ki…

The Fidelis Partnership is using an artificial intelligence-driven tool designed to enhance the speed and quality of information flows between brokers and underwriters, enabling faster and more accura…

A new fintech company is working to enable real-time local and cross-border money transfers in Bermuda, using a mobile application initially, but also eventually a web app.
TriFi is seeking a licence …

Somerset skittled out PHC for just 13 runs in the T20 Premier Division on Sunday, with only one PHC batter contributing to the total.
Koshun Durrant bothered the scorers with five runs, with eight wi…

Bermuda has quietly become home to a company sitting on more than $120 million in cash while pursuing a billion-dollar claim against Venezuela and planning a major restructuring tied to critical miner…

Ignite Bermuda is inviting entrepreneurs to take part in the testing of Spark AI — an artificial intelligence-powered business coach aimed at entrepreneurs and small-business owners in Bermuda.
Spark …

It’s very easy to get locked out of critical systems before you know it. An employee flags something that doesn’t look right, a file won’t open or a system won’t load — and all of a sudden, you can’t …

Amelia Othman will return to the Association of Bermuda Insurers and Reinsurers this summer as a junior analyst, building on her successful internship last year when she made meaningful contributions …

I think I can speak for most: it is always lovely having family come for a visit to the island, whether it be a few days, a week, or even a few weeks. Spending time with family that you don’t see all…

Dear Dave,
I just got married a week ago, and my husband and I are already having problems. While we were single, we practised doing budgets together, and we agreed to follow your plan and get out of…

The Royal Gazette/BSX Index was unchanged on 3,450.87 after a day of no trading on the Bermuda Stock Exchange today.
For the week, the index was down 7.74 points, or 0.21 per cent. Allshores, which fe…