Royal Gazette

White Mountains Insurance Group slipped to a first-quarter loss as a fall in the value of its MediaAlpha investment outweighed solid operating results across parts of the Bermuda-based financial servi…

Calidris Investment Partners has appointed three new team members as the firm expands its insurance-focused investment platform.
The Bermudian-based investment manager announced that James Larner has …

Bermudian-based specialty insurer SiriusPoint reported first-quarter net income of $100 million, up from $58 million in the corresponding period of 2025.
The increase was driven by lower catastrophe l…

SailGP has announced a partnership with Butterfield and Mastercard for this weekend’s Apex Group Bermuda Sail Grand Prix.
The partnership names Butterfield and Mastercard as the event’s official payme…

A newly released road map to improve local entrepreneurship includes the possibility of a boutique, hurricane-resistant, sustainable data centre on the island.
Sustainable, or green data centres, are …

Coinbase has announced it will let go 700 staff — 14 per cent of its global workforce — as it rebuilds to became “lean, fast and AI-native”.
Brian Armstrong, the crypto exchange’s chief executive, cit…

The Bermuda Business Development Agency continued the island’s longstanding relationship with the world’s leading association of risk managers this week, during Riskworld in Philadelphia.
Top executiv…

Bermudian-based Gold Reserve Ltd has announced plans to spin out its mining interests into a new American-domiciled company focused on critical mineral development in the western hemisphere.
The comp…

Global reinsurers, including several major Bermuda market players, appear capable of withstanding increasingly severe climate-related catastrophe losses without widespread ratings pressure, according …

Hamilton Insurance Group has added a veteran insurance executive to its board of directors.
The Bermudian-headquartered re/insurer announced that Peter Wilson was elected to the board at the company’s…

Henry Klehm III has been appointed non-executive chairman of RenaissanceRe’s board of directors, the Bermudian-based reinsurer announced.
He will succeed James Gibbons in the role. Mr Gibbons will con…

The Royal Gazette/BSX Index remained unchanged on 3,548.71 as no shares traded on the Bermuda Stock Exchange today.
Butterfield Bank’s US-listed shares gained 35 cents, or 0.63 per cent, to close at $…

Kin Insurance, the direct-to-consumer digital home insurance provider, said it has successfully completed its largest-ever catastrophe bond: a transaction through Hestia Re Ltd (Series 2026-1) totalli…

Longtime regional Deloitte chief executive and Bermuda office managing partner John Johnston has announced his retirement.
Ann Burns will assume the role of regional CEO at the professional services …

Huntley Septimus opened Reggae Soca Spice on the North Shore in Devonshire with little fanfare, wanting to really get a feel for what people wanted.
As it turned out, what they really wanted was his j…

The world’s geopolitical instability has upset earlier forecasts of economic growth, a Schroders market analysis has observed.
The change has fundamentally altered monetary expectations, with investor…

A Bermuda delegation led by Premier David Burt will attend Consensus 2026, the largest annual gathering for the digital assets industry.
The event, organised by CoinDesk and held in Miami from May 5 t…

Eleven businesses and 13 entrepreneurs graduated from the Bermuda Economic Development Corporation’s inaugural Vendor Academy.
Delivered weekly from March 17 to April 28, the Vendor Academy was design…

The Royal Gazette/BSX Index rose 27.43 points or 0.78 per cent to close at 3,548.71.
Only Allshores was active on the Bermuda Stock Exchange with 2,800 shares changing hands to end the day at $24.80, …

International General Insurance Holdings Ltd reported a fall in first-quarter profits as it sustained losses related to the war in the Middle East.
The Bermudian-based specialty insurer and reinsurer …

Bermuda current-account surplus widened to $609 million in the fourth quarter of 2025, an increase of more than 50 per cent year over year.
The surplus shows Bermuda is earning more from the rest of t…

A new Bermuda life reinsurer set up by an Australian investment and retirement income giant has been assigned a financial strength rating of A- (excellent) by AM Best.
Calix Re is a Class E Bermuda re…

Growing use of asset-intensive reinsurance is one of the factors changing the credit risk profile of the US life and annuity sector, according to a new report by ratings agency AM Best.
Booming annuit…

The Bermuda Union of Teachers has expressed “serious concerns” about the conduct of Crystal Caesar, the Minister of Education, in a reported student disciplinary matter that resulted in a PE teacher b…

S&P Global Ratings improved its outlook on Bermuda’s government debt rating to positive from stable — highlighting that corporate income tax revenues improving the island’s public finances.
The r…

Valaris Limited reported a first-quarter 2026 net loss of $18 million as the Bermudian-domiciled offshore drilling company faced lower operating activity and higher costs tied to ongoing conflicts in …

The Urban Development Authority, in partnership with the Bermuda Economic Development Corporation, has rebranded its annual development conference to the Bermuda Urban Infrastructure and Land Developm…

Registration is now open for the 2026 Athene Life Career Expo, a free event designed to introduce students, recent graduates and career shifters to opportunities in Bermuda’s life re/insurance industr…

One thousand shares of Butterfield Bank traded on the Bermuda Stock Exchange today, but the bank’s price remained unchanged on $55.
The Royal Gazette/BSX Index was also unchanged on 3,521.27.
Meanwhil…

Bermuda may be carving out a pioneering role in developing a workforce fit for purpose with artificial intelligence.
This is the view of an AI educator who has been engaged by the government to provid…

King Charles III departed Bermuda on Saturday, concluding his first visit to the island as sovereign.
After arriving in his motorcade, the King shook hands with Bermudian delegates, including David Bu…

JetBlue, one of the airlines linking Bermuda with the United States, is being hit hard by turbulence from the war in Iran with its own founder warning of potential bankruptcy.
Serial budget airline cr…

Bermuda’s reinsurance market may be showing early signs of a pivot, with casualty lines and new capital structures gaining prominence as property pricing comes under pressure.

Hamilton Insurance G…

Last weekend, my husband and I were having lunch with friends when the topic of inheritance came up. What struck me is that I have had this same conversation with many friends before, and a very appar…

Dear Dave,
I’m currently in Baby Step 2 of your plan, and I’ve been intense about paying off debt. I make about $80,000 a year in sales and recently received a windfall of $4,400. I have an idea to us…

The RG/BSX Index closed down 19.6 points (0.55 per cent) for today and the week to 3,521.27, all because Allshores closed down $2 (8.3 per cent) to $22 through today’s sale of 100 shares ($2,200) on t…

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…