Royal Gazette

The North American insurance operation of Bermudian-based Arch Capital has announced the expansion of its Arch CyPro cyber coverage solution into Canada, effective April 1.
Building on Arch’s establis…

Arch Capital’s mortgage insurance business hit the $1 billion mark in underwriting income for a fourth consecutive year.
The Bermudian-based insurer and reinsurer is one of the world’s leading insurer…

At the age of 11, Taitu Kunze was asked to pen an essay on her career aspirations.
In neat handwriting she wrote that she wanted to be a chiropodist and be her own boss.
The veteran podiatrist keeps t…

Specialty underwriter SiriusPoint has appointed Sabra Purtill to its board of directors while Franklin (Tad) Montross IV and Peter Tan have stepped down.
Ms Purtill joined SiriusPoint with 40 years of…

The RG/BSX Index closed unchanged at 3,297.15 as turnover totalled $147,200.
Only Allshores experienced activity on the Bermuda Stock Exchange, with 6,400 shares trading as the price remained at $23.
…

Joseph Barrowclough has been appointed president of Bermuda reinsurance at US insurance and investment firm Prudential Financial Inc.
In the role, he will oversee Gibraltar Re and Lotus Re, PFI’s two …

Matthew Kirk has taken over as chief financial officer of Axis Capital, completing a planned transition, the company said.
The Bermudian-based specialty insurer and reinsurer announced that Mr Kirk wo…

Bermuda’s courier companies transported more than $200 million worth of goods to the island last year, fuelled by the exploding trend of internet shopping, government figures show.
The latest retail s…

The Bermuda Monetary Authority has issued a prohibition order against Joakim Samuelsson, a director and controller of Custodian Life, barring him indefinitely from holding senior roles in the island’s…

Athora Holding Ltd plans to move its corporate and legal headquarters from Bermuda to London by the end of 2027.
The announcement came as Athora confirmed the completion of its acquisition of Pension …

Marex Group, a financial-services company based in Britain, plans to move its holding company’s legal domicile to Bermuda.
The company announced outlined the plan in an investor day in New York, when …

Astronauts embarking on a mission to the moon next Wednesday will be monitored by Bermuda’s tracking station on Cooper’s Island.
The National Aeronautics and Space Administration Artemis II test fligh…

More than 100 road crash victims have to be treated in hospital every month, it was revealed in Parliament yesterday.
Kim Wilson, the health minister, told MPs that more than 3,760 people were admitt…

Lately, I have been getting a number of questions about the best way to save money. As many readers of my column have pointed out, they have no trouble coming up with reasons or ways to spend their mo…

Dear Dave,
I’m 65 years old, and I work part-time. My wife is 59, and she works full-time earning about $160,000 a year. We’re both self-employed, so at what point do we stop buying term life insuranc…

The Royal Gazette/BSX Index closed unchanged on 3,297.15 today after a day of no trading activity.
For the week, the index climbed 2.1 per cent, driven by a 2 per cent rise in the share price of Butte…

Conduit Holdings Ltd has appointed three senior insurance figures to its board in an effort to strengthen governance as the Bermudian-based reinsurer continues its expansion.
The company, which is lis…

Nandi Davis, co-owner of Bananas Party has a reputation for arranging elaborate gatherings.
Her last event, held at the Fairmont Hamilton Princess hosted 400 people and included a custom-designed wate…

Life and annuities insurer Athene borrowed nearly $23.3 billion from the Federal Home Loan Bank system in the US last year.
The FHLB’s financial report for 2025 shows that Athene, which is owned by pr…

AM Best has removed Sompo Japan Insurance and its subsidiaries from under review with positive implications and affirmed its financial strength rating of A+ (superior) and its long-term issuer credit …

A Bermudian-regulated digital assets firm has secured commitments for a capital raise of up to $217 million as it looks to expand its institutional business and technology platform.
XBTO said the fund…

Bermudian-based Paratus Energy Services Ltd has agreed to sell its offshore drilling and jack-up rig business in a deal valued at about $400 million, as it sharpens its focus on subsea services.
The c…

Black Gold Re, the Bermudian-based captive reinsurer of Colombian state energy company Ecopetrol, has had its financial strength rating upgraded to A- (excellent) from B++ (good) by AM Best.
The credi…

Howden Re has warned of the potential for the closure of the Strait of Hormuz to affect the broader reinsurance market.
The effect of the escalating conflict in the Middle East has already been somewh…

Pinion Insurance, a newly-formed, technology-enabled specialty insurer, announced that Chris Jones has joined the company as group chief financial officer.
Based in London, Mr Jones joins a founding l…

Bermuda College students have been given a chance to launch their re/insurance careers at the Association of Bermuda Insurers and Reinsurers’ Risk Forum next month.
Abir’s education partners, The Inst…

The construction industry could be facing an unusual concentration as demand is becoming increasingly intense.
The sector is already busy with major projects at the 130,000 sq ft, solar-powered, multi…

After five months of closure Chiko’s restaurant and catering service is back and in a new location.
Owner Michiko Campbell has reopened on the second floor of the Bermudiana Arcade in Hamilton sharin…

Speciality underwriter SiriusPoint has announced new collaboration with one of the largest landlord insurance specialists in the United States.
Bermudian-based SiriusPoint will provide capacity to Ste…

The RG/BSX Index finished up 11.76 points, or 0.36 per cent, to close at 3,297.15 with a turnover of $34,500 on the Bermuda Stock Exchange.
Allshores was the only issuer to see trading activity on the…

Centennial Bermuda Foundation, Bermuda’s largest private philanthropic organisation, has appointed Melissa Butler to its board of directors.
Dr Butler will also serve as chairwoman of the Community He…

Convex Group has announced that Stephen Catlin, the company’s cofounder, has stepped down as chairman.
The international specialty insurer and reinsurer, today said Mr Catlin will remain a director an…

The MoonGate Group has once again distributed its “We Care Packages” to vulnerable people in the community.
The inaugural campaign began in 2020 with a distribution of 100 packages, but due to the de…

Apex Group, a leading global financial services provider founded in Bermuda, announced a strategic partnership with Omnes to tokenise its Omnes Mining Note (OMN).
Omnes, which is based in Luxembourg,…

The Minister of Economy and Labour celebrated the impact of Bermuda’s entrepreneurs over the weekend during a business awards ceremony.
Jason Hayward told attendees of the Bermuda Economic Development…

100 Women in Finance marked its official relaunch in Bermuda with an event titled: Careers that Compound: Industry Insights and New Year Networking.
This brought together professionals from across the…

The RG/BSX Index remained idle at 3,285.40 today, with no trading on the Bermuda Stock Exchange.
Overseas, Butterfield Bank closed 22 cents (0.42 per cent) lower at $51.57 on the New York Stock Exchan…

Mosaic Insurance plans to close its Singapore office in a consolidation of its operations servicing Asia and the Middle East.
Under the restructuring, Benn Wilson, chief executive officer of Mosaic Si…

Ariel Re announced today a number of promotions across its Bermuda and London offices.
The Bermudian-based global reinsurance business said it continued its stated mission to be an “academy firm”, a …

Bermudian trichologist and physician Kyjuan Brown has expanded his hair restoration practice, Dr Brown’s Group, to include “the most expensive mile” in Africa.
He has just kicked off the development o…

Yellowfin Group Ltd, the Hamilton restaurant group, expects to soon reopen businesses in Chancery Lane and get restaurant and bar operations back to normal, with the impending completion of Brookfield…

Businesses who wish to take part in the RG Top Ten Employers 2026 competition, presented by PwC, now have more time to enter.
The deadline to register has been extended to April 17.
The awards scheme …

Bermudian-based oil tanker operators are seeing their profit margins soar as the energy crisis sparked by the war in the Middle East boosts demand for their services.
Share prices of companies includi…

Compre Group Holdings, the Bermudian-based international specialty reinsurance group, has entered into an adverse development cover transaction with a European-domiciled reinsurance entity, providing …

Laura Farge-Lowe and mother, Gillian Farge, decided to help the Bermuda Red Cross after navigating life with a family member who has dementia.
Island Trading managing director Ms Farge-Lowe said: “W…

Butterfield Bank shares rose 2 per cent in Bermuda Stock Exchange trading today. The bank closed $1 higher at $51 on the trading of 15,201 shares.
The only other issuer to trade was Allshores. The ins…

Global specialty insurer and reinsurer Everest Group has agreed to sell its Canadian retail insurance operations to the Wawanesa Mutual Insurance Company.
The transaction is expected to close in the s…

Years after the others fell, the 110-year-old Gibbons Company remains Bermuda’s sole remaining version of the typical department store, serving generations of Bermudians with everything from clothing …

Strong catastrophe reinsurance results are leading to growth in Bermuda’s market, but competition may increase as new capital enters the sector, according to the latest Lloyd’s of London annual repor…

PartnerRe posted net income of $2.1 billion in 2025, up more than 45 per cent from 2024.
The Bermudian-based reinsurer, which is privately owned by Covéa, the French-based global insurance group, said…