Royal Gazette

The National Association of Insurance Commissioners defended its supervision of Wall Street’s influence over insurers and their bets on private credit, as the group seeks to dispel US senator Elizabe…

STS Digital has picked up its fourth industry award in less than a year, after a period where the digital-asset trading firm got its full Bermuda Monetary Authority licence and expanded its products.
…

Dear Dave,
I’m currently in medical school doing my last year of residency. The other day, a friend made me realise the need for life insurance, so that’s gotten me to think a little more carefully ab…

The 14th entry in the retirement series turns to Bath, a small city in southwest England.
England has a population of approximately 57 million within a UK-wide population of about 69 million. Bath it…

The Royal Gazette/BSX Index fell 11.51 points, or 0.31 per cent, to close the week on 3,746.83, as shares of Butterfield Bank fell on the Bermuda Stock Exchange today.
The bank slipped 20 cents, or 0….

Japanese insurers are seeing Bermuda as an important reinsurance partner as the island’s long-term sector expands its reach in Asia, according to Damian Cooper, who recently attended the East Asia Ins…

The BAS Group of Companies is expanding its student training programme across its subsidiaries, with plans to offer more young Bermudians hands-on experience in skilled trades.
The move follows the co…

Gina Pereira has received a global industry award for her contribution to the private client profession.
Ms Pereira, a Bermudian private office and family governance adviser, was presented with the Ge…

The BGA Annual Food and Trade Show 2026 drew representatives from a large cross mixture of retailers and service industries to Pier 6 today to get a sense of the wide variety of products available fro…

Graham Smith has recorded the highest gross commission income achieved by an agent in Coldwell Banker Bermuda Realty’s history, the company said.
Mr Smith, who works in the company’s commercial divisi…

The Royal Gazette/BSX Index closed unchanged on 3,758.34 after a day of no trading on the Bermuda Stock Exchange.
Meanwhile, the US-listed shares of Butterfield Bank gained 55 cents, or 0.95 per cent,…

The Bermuda Monetary Authority is aiming to introduce a new insurer class for parametric risk in the fourth quarter, several months later than its original target.
In a stakeholder letter dated Septe…

AM Best has affirmed Premia Reinsurance’s financial strength rating as A- (excellent) and its long-term issuer credit rating as “a-” (excellent).
The credit ratings agency also gave the firm a stable …

The Bermuda round of a world-renowned sailing event contributed about $7.2 million to the economy in May.
SailGP said the amount was 47 per cent more than the economic impact of the Bermuda event in 2…

A pioneering clean energy initiative is seeking to transform Bermuda’s power landscape by establishing the island’s first community-powered virtual power plant.
No one has yet come forward to claim ow…

Relief arrived for the construction industry this week in the form of a ship bringing 6,500 tonnes of cement.
As soon as the Grit Cement IV docked at 7pm on Monday at Dockyard to replenish the dwindli…

Wider climate-resilience measures like drainage and coastal defences should factor into insurance pricing and capital decisions, according to a new Marsh and World Economic Forum report.
The report, A…

Healthcare leaders from across the Caribbean have called for more regional collaboration to tackle workforce shortages, chronic disease and climate pressures on island health systems.
The discussion t…

The Royal Gazette/BSX Index remained unchanged on 3,758.34 as there was no trading on the Bermuda Stock Exchange today.
Butterfield Bank’s US-listed shares fell 44 cents, or 0.75 per cent, to close at…

The Bermuda Monetary Authority experienced a quieter month for insurance registrations. The regulator confirmed four new registrations in August, lifting the year-to-date total to 46.
The newest addit…

Peter Williams has joined Pine Walk as chief underwriting officer, alongside the appointment of Gary McInally as CEO of Pine Walk Capital and managing director of Pine Walk.
After his experience in sp…

The Bermuda Monetary Authority has proposed a framework for dealing with insurers that can no longer remain in business, with the aim of protecting policyholders and limiting disruption to the island’…

The number of registered businesses in Bermuda fell by 1,168 in the space of a year, government data show.
The 7.2 per cent decline came as the tally of both international and local companies dipped f…

HSBC Bermuda said today the bank was taking action to address a litany of difficulties experienced by debit card holders.
A notice posted online advised that technical solutions were being sought this…

The Royal Gazette/BSX Index was unchanged on 3,758.34 as no shares changed hands on the Bermuda Stock Exchange today.
Meanwhile, Butterfield Bank’s US-listed shares fell 60 cents, or 1.01 per cent, to…

Axis Capital Holdings has hired Kyle Sternadori as head of US excess casualty and Mike Flaherty as chief underwriting officer, wholesale casualty.
Based in Short Hills, New Jersey, and Alpharetta, Ge…

INTX Insurance Software has announced a strategic partnership with Bermudian-based Bespoke Analytics, “expanding INTX’s presence and local delivery capabilities across one of the world’s most importan…

Arcadian Risk Capital, the specialty managing general agent with operations in Bermuda, Ireland, the United Kingdom, and the United States, has appointed Matthew Mullen as executive vice-president.
He…

Walkers Professional Services has entered into an agreement to acquire Value Partners, a Luxembourg professional services firm.
The move will give WPS a presence in another leading domicile for altern…

Butterfield Bank’s chief executive sold all of the vested ordinary shares he held in the company last month, according to a regulatory filing.
A “Form 4” filing submitted to the US Securities and Exch…

The Royal Gazette/BSX Index stood still at 3,758.34 today, as there was no trading on the Bermuda Stock Exchange.
Overseas, the Butterfield share price fell 26 cents (0.44 per cent) to close at $59.15…

Butterfield has awarded its annual scholarships to three promising students, including Bermudian Sioma Rudo, who has been awarded the Sir Harry D Butterfield Undergraduate Scholarship and will receive…

Works under way at the Washington Mall include window replacement and refurbishment of office accommodation above the mall.
Washington Properties said they are continuing a major programme of improvem…

Matthew Frick has joined Chancery Legal as legal counsel and Tiphani Philip has joined as paralegal/graduate trainee.
The firm said the two strengthen the firm’s growing legal practice.
Mr Frick was p…

A direct Category 5 hurricane landfall in Miami or Tampa Bay could trigger insured losses exceeding $300 billion, according to new analysis published by Swiss Re Institute.
It would present an unprece…

Experienced underwriter Stuart Dale has been hired to lead Envelop Risk’s push into the casualty market.
Group chief executive officer Jonathan Spry said the “timing was right” to enter the liability…

Devonshire Industries, the parent company of Bermuda Paint Co, reported a 74 per cent fall in annual profit as sales volumes dropped across several core product lines.
The Bermuda Stock Exchange-liste…

Frustrated HSBC Bermuda customers are again taking to social media to say their bank cards are not working as advertised.
Non-functioning card services were an issue as far back as March when some use…

Two of Bermuda’s banks remain unmoved after the United States Federal Reserve Board’s decision to raise its benchmark interest rate by 25 basis points last week, the first rate increase since July 202…

Circle, the issuer of the United States Dollar Coin and parent of a Bermudian-licensed digital asset business, has agreed to acquire Tazapay in a deal reported to be worth about $400 million.
Circle I…

“It’s only temporary. We’ll sort it out properly once things settle down.” This always starts with good intentions. A leader departs unexpectedly or otherwise. The organisation needs continuity.
Some…

Butterfield was named Trust Company of the Year (large firm) before more than 500 private client practitioners at the Society of Trust and Estate Practitioners’ Private Client Awards at the London Hil…

CG’s Naz Farrow will retire as Coralisle Group’s chief executive officer at the end of this year, the insurer’s board of directors announced today.
Yan Leclerc, CG Group chief financial officer and ex…

The Royal Gazette/BSX Index fell 5.76 points, or 0.15 per cent today, to close on 3,758.34, as shares of Butterfield Bank and Allshores traded on the Bermuda Stock Exchange.
Butterfield dipped ten cen…

Athene Holding Ltd has settled its long-running Bermuda legal case against former director Imran Siddiqui and Caldera Holdings after Mr Siddiqui acknowledged that he breached duties owed to the insure…

Bermuda has been nominated for Citywealth’s International Financial Centre of the Year award.
Claire van Overdijk KC of Appleby is on the shortlist as Lawyer of the Year — Litigation.
The announcement…

The European Union is looking to set up a “climate insurance alliance” to better cover losses resulting from natural disasters that are increasing in frequency and intensity with the advance of global…

The BGA Food and Trade Show last year at the Grotto Bay Hotel was such a big hit, it is now an annual event, and this year moved to a larger and more central location to cater to demand.
Importer and …

Navigating the complexities of technology compliance will be the subject of a three-part course offered by Bermuda College.
The lecture series, led by Duncan Card, chief executive officer of The Advis…

Pillar Capital Management Ltd, an independent Bermuda insurance-linked securities manager, has selected Ultrassure to support its contract review workflows.
Jeff Franklin, chief underwriting officer a…