Royal Gazette

Dear Dave,
Is it ever OK to pull money out of your emergency fund to pay off your home? My husband and I were talking about this the other day, because we are so close to paying off our mortgage. We w…

The Royal Gazette/BSX Index closed unchanged on 3,479.56 today, as no shares traded.
For the week, the index gained 57.47 points, or 1.65 per cent, on total trading volume of 1,000 shares and turnover…

Bermuda’s insurance market kept a steady pace of new formations in the first quarter of 2026, with the most growth in capital markets structures and life reinsurance rather than traditional insurers.
…

Full disclosure – beyond regulators’ requirements – is the best way for life reinsurers to address concerns over their investment portfolios, an industry leader said.
Grant Kvalheim, chief executive o…

Clarien Bank announced 2026 corporate donations of more than $160,000 to a diverse group of 17 charitable organisations.
In a statement, Clarien said it was committed to supporting community services…

Hong Kong’s leading insurance regulator believes Bermuda can be a partner in building an insurance-linked securities market to address the huge natural catastrophe protection gap in Asia.
Clement Cheu…

Auto Solutions, the Bermuda distributor for Hyundai Motor Company, has been recognised at the brand’s annual convention for achieving the highest sales growth in its category across Central and South…

HSBC Bermuda has confirmed there were some bank cards that were not affected by the “recent interruptions to some services based on the implementation of additional security controls”.
The bank faced …

Administrative professionals will have an opportunity to learn how artificial intelligence can help reduce workloads and improve efficiency at work at an upcoming Bermuda College workshop.
The AI for …

A second man has been accused of killing a father of two and a pet last month.
Parris-Mitchell Robinson, 20, appeared in Magistrates’ Court today, when he was charged with unlawfully killing 26-year-o…

Bermuda needs to bring down the cost of doing business to maintain its attractiveness to global re/insurers, the chief executive officer of Arch Capital has warned.
“The introduction of global minimum…

At the opening of the Association of Bermuda Insurers and Reinsurers Risk Forum at the Hamilton Princess Hotel & Beach Club, Bermuda’s Governor Andrew Murdoch underscored Bermuda’s enduring role a…

When Sir Charles Roxburgh, chairman of Lloyd’s of London, walked onto the stage in first Association of Bermuda Insurers and Reinsurers Risk Forum, he did not play up the historical competition betwee…

A former top American insurance regulator has publicly backed Bermuda’s regulatory regime, saying Bermuda, the United States and European watchdogs are increasingly aligned on transparency as the isl…

The RG/BSX Index rose 57.57 points (1.68 per cent) to end the day at 3,479.66.
Butterfield Bank traded 600 shares on the Bermuda Stock Exchange with the price climbing a $1 (1.9 per cent) to close at …

Ascot Group has appointed Ian Lowe as head of its Bermuda property treaty business, the company announced.
Mr Lowe will report to Marc Amen, chief executive of North America and interim chief executiv…

A local lawyer has released a white paper proposing what could be the world’s first identity standard covering artificial intelligence agents and their associated legal entities.
Bourn Collier, senior…

Environmental health officials swiftly investigated a food outlet after videos circulated on social media that raised concerns about hygiene, the Government confirmed this afternoon.
Their inquiries c…

On the eve of the tourism high season, airlines worldwide are raising prices and have begun cancelling flights because the oil crisis linked to the Iran War is driving up fuel costs and disrupting sup…

Gallagher Re’s April 1 renewals report found softening rates across property and specialty reinsurance lines — especially US cyber reinsurance rates, which dropped by nearly one third.
The report, ent…

A former social studies teacher has started a life coaching business to help people pause, reflect and break out of unhelpful patterns in their lives.
Shannon Davis launched The Growth Mirror in Decem…

The Royal Gazette/BSX Index closed unchanged on 3,422.09 after no trading activity on the Bermuda Stock Exchange today.
Butterfield Bank’s US-listed shares rose 56 cents, or 1.04 per cent, to close on…

The United States International Development Finance Corporation and Chubb have named six additional American insurance partners that will provide reinsurance for DFC’s maritime reinsurance plan.
The r…

ILS Bermuda has announced a slew of leadership appointments, including Hanni Ali as its new chairman.
Mr Ali, the chief executive officer of Radix ILS, takes over from Jo Stanton, chief financial offi…

The Department of Immigration today announced a lowering of minimum pass rates for work permit applicants taking certain required English proficiency tests, and extended the list of allowable tests.
…

The RG/BSX Index closed unchanged at 3,422.09 points with no trading on the Bermuda Stock Exchange.
Meanwhile Butterfield Bank ended the day up 38 cents (0.71 per cent) on the New York Stock Exchange …

HSBC Bermuda said today that security controls were the reason that some recent PayPal transactions were not accepted.
The bank acknowledged recent inquiries regarding declined transactions involving …

Willis Re has appointed Nick Pritchard as a broker in its Bermuda team.
Pritchard, who was most recently interim chief underwriting officer at Conduit Re, where he also served as underwriting portfoli…

Industry, regulatory, and government leaders are among the high-profile speakers at this week’s inaugural Abir Risk Forum at the Fairmont Hamilton Princess.
The full-day event on Wednesday features c…

Heightened patrols in parts of the island were expected as an investigation continued into a shooting on Thursday night that left a man in hospital.
Michael Weeks, the Minister of National Security, u…

In the past few weeks, two friends of mine who work in unrelated companies received a redundancy notice driven by recent merger and acquisition activity on the island.
One package I am told is quite …

Dear Dave,
I have two cars. One is paid for, and I owe $23,000 on the other. These are my only vehicles. I’d like to sell the one I still owe money on, but no one wants to pay enough to cover the bala…

Hudson Structured Capital Management’s managing director and chief financial officer Bernard Opoku has been elected partner.
HSCM Bermuda said the move recognised Mr Opoku’s leadership, sustained imp…

Montauk Point Ltd has appointed Gero Michel, a re/insurance industry veteran, to lead its risk and analytics platform.
The Bermudian-based company said the move is meant to strengthen its client-facin…

Shares of Butterfield Bank rose 1.9 per cent in Bermuda Stock Exchange trading today.
The bank rose $1 to close on $53 as 593 shares changed hands. The Royal Gazette/BSX Index rose 57.57 points, or 1….

Conyers has promoted three lawyers to counsel and one to senior associate in Bermuda as part of a global round of advancements across the offshore law firm’s international offices.
The firm said the p…

A Guernsey-based private client services group has expanded into Bermuda through the acquisition of a local trust company, as part of a broader push to build a transatlantic wealth platform.

Opera…

Appleby announced the promotion of six lawyers, including Cathryn Minors, a member of the insurance team, who has been appointed a partner.
Katie Blundy, Arielle DeSilva and Hailee Forde have been …

The Bermuda Monetary Authority is planning to streamline its regulatory framework for tokenised assets after the industry warned that overlapping rules could slow growth.

In feedback on the author…

Auto Solutions has partnered with Rugged Rentals, introducing an added layer of convenience for customers requiring short-term transportation.
The collaboration enables Auto Solutions clients to rent …

The Royal Gazette/BSX Index finished up 57.57 points (1.74 per cent) to close at 3,364.52.
Butterfield Bank ended the day at $52 on the Bermuda Stock Exchange up a $1, or 2 per cent, with 2,042 shares…

Coldwell Banker Bermuda has announced that an unprecedented 70 per cent of its full-time agents have been awarded international recognition.
These honours place the local team within the highest tiers…

Record levels of global reinsurance capital are driving a more competitive market, with falling prices and more alternative capital expected to keep reshaping the industry, according to a new report b…

Aflac Re Bermuda Ltd has reached an agreement with Japan Post Insurance Co to reinsure a block of whole life annuities through coinsurance.
Japan Post Insurance will continue to service and administer…

Jeep Compass 2013 $12,750
Well maintained Navy Jeep Compass, serviced at least annually with supplier Eurocar

Insurers including Bermudian-based Fidelis and Chubb, which has substantial operations on the island, were granted permission to appeal against a London court ruling in favour of the world’s largest a…

The Bermuda Chamber of Commerce’s 2026 annual general meeting and luncheon will circle around the theme of global shifts, local impact and workforce considerations in a changing world.
The event spons…

A new insurer is working to set up shop in Bermuda offering a financial guarantee platform focused on emerging markets.
Advised by law firm Walkers, Verdant Rock has received for approval in principle…

Shares of Allshores climbed 4.3 per cent in Bermuda Stock Exchange trading today. Five hundred of the insurer’s shares traded as the price rose $1 to $24.
The Royal Gazette/BSX Index gained 9.8 points…