Royal Gazette

The long-term issuer credit and financial strength ratings on the core insurance operating subsidiaries of the global underwriter, SiriusPoint Ltd, have been upgraded to ‘A’ from ‘A-‘, by S&P Glob…

Bermuda’s financial regulator has released details on why it decided to indefinitely bar Joakim Samuelsson from holding senior roles in the island’s insurance industry.
In a statement, the Bermuda Mon…

Bermudian entrepreneur Dwayne Trott has a solution to the island’s overcrowding — build on the water.
The owner of Clean Energy Solutions, is working on a project that could create new sea homes, fre…

Michael Dickinson is the new AIG senior financial lines underwriting manager.
In a post on LinkedIn, the firm said Mr Dickinson brought more than 15 years of experience in building, managing and profi…

Dennis Tucker is retiring from the boards of LOM Financial Ltd after nine years of “distinguished service” the financial services firm said today.
The company said: “Mr Dennis Tucker joined the boards…

The Bermuda Economic Development Corporation is hosting a free webinar on alternative paths to homeownership and long-term housing stability.
The speaker will be Peter Dean, director of National Co-op…

Three-quarters of economic gains from artificial intelligence are being captured by just 20 per cent of top companies, creating a widening division at the top of the corporate world.
The insurance ind…

American purchases originating from the Far East will continue to face steep freight rates, as the market is sending mixed signals, according to the Xeneta, the ocean and air freight rate analytics pl…

Price Forbes Re has appointed Erik Matson, a veteran reinsurance executive, as a senior adviser, as the firm looks to strengthen its position in the American market.
The company said Mr Matson would d…

Dear Dave,
I’ll be graduating college in May with a degree in elementary education. I’ll have a job at a local school waiting for me, and this will be the first time in my life I’ve made more than min…

I have recently come across a couple of articles about the Fire movement, which gained significant traction around 16 years ago. Fire stands for “financial independence, retire early”, emphasising agg…

The RG/BSX Index rose 0.13 (0 per cent) to 3,598.34 today as two issues traded on the Bermuda Stock Exchange, today, and up 118.78 (3.3 per cent) for the week.
Bank of Butterfield was up $2 (3.7 per c…

Marsh has announced a series of promotions and new hires in Bermuda, as the global risk and insurance broker strengthens its local operations.
The company said four employees had been promoted across …

Bermuda is shoring up its position at the centre of the global insurance-linked securities market, with fresh data showing a steady surge in alternative capital and a pipeline of new structures into 2…

S&P Global Ratings has upgraded its outlook on Butterfield Bank’s BBB+ long-term credit rating to stable from negative, based on the bank’s improving capital profile and Bermuda’s improving econom…

Back in 2006, the Bermuda Monetary Authority had just 37 staff, overseeing the island’s entire financial sector, including an international re/insurance sector growing fast with a wave of post-Hurrica…

Bermuda’s Entrepreneur of the Year, Kyle Swan, believes the island is missing an opportunity to weave fireworks displays into community events, tourism initiatives, calendar and holiday celebrations.
…

International and offshore law firm Ogier and Bermudian-based MJM have entered into an alliance to better support clients with cross-border matters.
This will enable the two firms to offer co-ordinate…

Global insured losses reached about $114 billion through the first three quarters of 2025 despite a relatively quiet third quarter, pointing to the growing influence of secondary perils on the re/insu…

Conyers has appointed David Stubbs as head of listing services within its Bermuda corporate practice, as the firm looks to strengthen its capital markets and securities offering on the Bermuda Stock E…

The Royal Gazette/BSX Index jumped 3.51 points, or 0.1 per cent, to close at 3,598.21.
The Bermuda Stock Exchange had an active day with three stocks experiencing trading. Turnover was $59,400.
Two-th…

SiriusPoint Ltd, the Bermudian-based re/insurer, has received a credit rating upgrade from AM Best after improvements to its balance sheet and risk profile.
The agency upgraded the financial strength…

Two Bermudian-headquartered companies have joined forces to create exit options for investors in insurance-linked securities, providing a solution for the longstanding issue of trapped capital.
Enstar…

As Bermuda prepares to welcome some 600,000 cruise ship passengers to the island this year, Dockyard is preparing to entertain them.
At yesterday’s Dockyard Insider Summit, hosted by the Bermuda Land …

Importers have received notice of another increase in shipping costs as a result of rising fuel prices, driven by conflict in the Middle East.
Bermuda International Shipping, which operates the Bermud…

A local entrepreneur has entered a memorandum of understanding with the Bermuda Land Management Corporation with the view of building sustainable housing at Southside, St David’s.
In January, Dwayne T…

Bermuda has climbed 23 places in the latest Global Financial Centres Index to become one of the highest-ranked offshore financial centres globally even as overall feelings towards the sector weakened….

Global real estate adviser Margaret Young has advanced one potential solution in the search for answers to the problems that beset Bermuda housing.
She does not see it as the sole answer to the comple…

Bermudian-based Meritus Trust Company has welcomed Ryan Tyrrell and Danute Rico Slotkus to their team.
Mr Tyrrell is now senior trust administrator at the firm while Ms Slotkus has been made senior tr…

The Royal Gazette/BSX Index closed unchanged at 3,594.70.
Allshores traded 600 shares on the Bermuda Stock Exchange to close at $23.99 with the price remaining steady.
The turnover for the day was $14…

David Burt is in Washington leading a Bermuda delegation at the 2026 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group — the first time the island has been invited to p…

Appleby has appointed Daniel Burkitt, an international disputes and insolvency lawyer, as a partner in its Bermuda office to boost its capabilities in complex restructuring and cross-border litigation…

The Government is offering Bermudians free access to a digital payments workshop and market next month as part of a push to expand public participation in the island’s growing digital finance sector.
…

A Bermudian with a Dubai company specialising in robotics and artificial intelligence will host a free lunchtime presentation on Friday, focusing on the gaps she sees in Bermuda’s AI infrastructure.
K…

After more than a year of renovation, Bermuda Craft Brewing is ready to open in a new location at the old Riddell’s Bay Golf Club in Warwick.
The brewery’s owners hope to open on Friday of next week,…

Arch Capital Group president Maamoun Rajeh has joined the Insurance Development Forum’s steering committee.
IDF is a public-private partnership dedicated to optimising and extending the use of insuran…

The Royal Gazette/BSX Index jumped 115.14 points today to close on 3,594.70.
Only Butterfield Bank was active on the Bermuda Stock Exchange with 2,562 shares trading, the stock price rising $2, or 3.7…

International law firm Collas Crill has appointed David Thom as counsel in its Bermuda office, enhancing the firm’s strength in complex commercial and insurance disputes.
Mr Thom joins with extensive …

Rising demand for vast data centres at the heart of the world’s artificial intelligence infrastructure could generate $10 billion in new premiums for insurers in 2026, say analysts at S&P Global R…

Carey Olsen Bermuda advised activist investor Elliott Investment Management on its successful effort to shake up the board of Norwegian Cruise Line Holdings.
The world’s third-largest ‌cruise operator…

Ten entrepreneurs and their nine businesses have graduated from the seventh cohort of the Bermuda Economic Development Corporation’s incubator programme.
The BDEC hosted a celebration at the Fourways …

Cycle business Scooter Mart celebrates its tenth anniversary this month with all the drama it has become known for — blowout sales, free locks and add-on credits.
Owner Nick Thomson started Scooter M…

Alternative investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process.
Allocations to catastrophe bo…

The fifth annual Bermuda Risk Summit 2026 welcomed 460 delegates this year, including 172 international attendees.
Organisers the Bermuda Business Development Agency this week reported that 217 compan…

AM Best has affirmed the financial strength rating of ‘A’ (Excellent) for Bermuda based Coralisle Group’s life, health and property and casualty subsidiaries across Bermuda and the Caribbean.
The cred…

The youth unemployment rate more than tripled in the space of 12 months, according to data released today by the Department of Statistics.
As of May 2025, the unemployment rate for 16- to 24-year-old…

Carol Redahan has been made head of finance at Group Ark Insurance.
Ms Redahan announced her promotion on LinkedIn.
Ark is a specialised property and casualty reinsurance company offering coverage acr…

Pine Walk, the specialist platform of The Fidelis Partnership, has launched Mezura Capital Partners, a new capital solutions business headquartered in Bermuda.
The new business will be led by Shireen …

Claire van Overdijk, King’s Counsel, has been appointed as head of private client and trusts in Bermuda. Ms van Overdijk is responsible for the firm’s contentious and non-contentious private client an…

HSBC Bermuda said difficulties involving the clearance of some payments through PayPal are no longer a problem.
The bank had blamed “security controls” as the reason that some recent transactions by l…