Royal Gazette

Dear Dave,
My wife and I are in our mid-thirties, and the only debt we have is a combined $15,000 in student loans and credit card payments. We’ve got almost $100,000 in our pension plans, plus we hav…

It is crazy. Suddenly, you hit your early fifties and are now talking about what retirement means to you. I still feel too young to even think about it, albeit the reflection in the mirror tells anot…

Allshores rose one cent on the Bermuda Stock Exchange today as 5,754 of the company’s shares changed hands. The insurer closed on $21.80.
Six thousand shares of Butterfield Bank also traded, leaving t…

Chubb, the Swiss-based global insurer with offices in Bermuda, has outlined the structure of the US-supported plan to provide a maritime insurance backstop to encourage shipping to restart in the Midd…

The King may visit the island next month as part of a trip to the United States, British media have reported.
King Charles III’s trip is expected to include a stop in Washington, where a packed schedu…

The Bermuda Monetary Authority approved the registration of four new insurers in February.
The BMA’s Insurance Assessment and Licensing Committee reviewed a total of five applications, deferring one. …

Shares of Butterfield Bank fell 50 cents, or 1 per cent, on the Bermuda Stock Exchange today.
A total of 10,256 of the bank’s shares traded for $512,800.
The Royal Gazette/BSX Index fell 28.78 points,…

A streamlined process designed to accelerate the conditional pre-approval process for new investment fund applicants has been introduced by the island’s financial regulator.
The Bermuda Monetary Autho…

Kindley Re, the Bermudian-based life and annuity reinsurer backed by Davidson Kempner, has secured $250 million in additional equity capital commitments to support its next phase of growth.
The compan…

Signet Jewellers, the Bermudian-domiciled retail group, reported a sharp improvement in profitability for fiscal 2026, as higher margins and pricing gains offset a subdued sales environment.
The comp…

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About 170 people attended the The Bermuda Hospitality Careers Fair today at the Hamilton Princess and Beach Club, and organisers are hoping it will yield better long-term results than in the past.
Wra…

International General Insurance Holdings Ltd has announced a series of changes to its board of directors, including the appointment of a veteran reinsurance executive and the retirement of a long-serv…

Retailers saw their inflation-adjusted sales rise in December, last year’s busiest sales month.
Total local sales amounted to an estimated $124.1 million, up 3.3 per cent from December 2024, with infl…

Freisenbruch Insurance Services Ltd has launched a new benefits advisory practice aimed at helping Bermuda employers navigate rising costs and complexity in employee benefit programmes.
The Hamilton-b…

The Royal Gazette/BSX Index closed unchanged on 3,256.51 today, as no shares traded.
The US-listed shares of Butterfield Bank gained 19 cents, or 0.37 per cent, to close on $50.85 on the New York Stoc…

The Premier says the island is preparing the ground for a digitally native Bermuda dollar, marking an evolution from its earlier stance of relying on privately-issued stablecoins for the blockchain in…

Inflation cooled to 2.4 per cent last December, with the rise in the cost of living driven mainly by transport and foreign travel, and health and personal care.
The Consumer Price Index showed the ove…

The Premier is representing Bermuda during a two-day summit on blockchain in Washington DC.
David Burt was among legislators and industry professionals to discuss digital asset regulation, as well as …

Marsh Risk today announced the launch of BX1, a new insurance facility based in Bermuda and designed to address challenges of growing exposures and complexity in the US casualty insurance market.
BX1…

Bermuda’s fight against climate change has a new weapon — electric vehicle firm Zeroe (zero emissions).
Focusing mostly on larger EVs, Zeroe says it has imported the island’s first commercial-scale el…

The Securities and Exchange Commission (SEC) has issued an interpretation clarifying how the federal securities laws apply to certain crypto assets, and to transactions involving crypto assets.
This …

Wilton Re employees donated more than $50,000 to local charities in 2025, in addition to volunteering their time and talents the life insurer revealed today.
Sylvia Oliveira, chief executive, said Ber…

A tourism and hospitality networking event is taking place tomorrow highlighting new programmes being launched for the upcoming summer season.
The Bermuda Underwater Exploration Institute is hosting t…

The RG/BSX Index was unchanged from 3256.51 today as the Bermuda Stock Exchange remained idle.
Overseas, the Bank of Butterfield dipped 10 cents (0.20 per cent) to close at $50.67 on the New York Stoc…

Alexandra Amat took home the $9,000 grand prize in the Blue Ocean Prosperity Programme Blue Economy Grant Pitch competition.
BOPP and Ignite Bermuda partnered to host the event at Ignite’s Hamilton he…

Allied World Bermuda has announced eight promotions.
Colm Singleton, head of Allied World Bermuda office, said: “Our colleagues consistently deliver excellence, and today we celebrate their individual…

Carrick Group Limited, a Bermudian-based international non-life legacy insurer, has announced the appointment of Matt Brand as head of governance.
Mr Brand spent ten years at Hampden Group, most recen…

Shares of Butterfield Bank rose 3 per cent on the Bermuda Stock Exchange today on light volume. The bank closed on $50.50, up by $1.45, as 178 shares changed hands.
Butterfield was the only domestic-b…

Bermuda College has appointed a senior insurance leader to help develop what is intended to become Bermuda’s first formal academic pathway in insurance.
Cathy Duffy will join Bermuda College in August…

Retail sales volume fell for a third successive month in November last year, the Department of Statistics reported today.
The 1.7 per cent year-over-year fall in sales at local outlets, adjusted for i…

Less than one business day after reporting the continuing uptick in inflation for the period to October, the government has today released the figures for November, revealing a continuing trend.
The C…

SiriusPoint, the Bermudian-based specialty insurer, has announced plans for a restructuring that include combine its existing North America and International programmes businesses into a Global P&…

HSBC Bermuda has acknowledged that problems have impacted bank cards and automatic teller machines and said they have been pursuing solutions.
The bank has pointed to their network of ATMs as a proble…

The Association of Bermuda Insurers and Reinsurers will host globally renowned standard-setters from the EU, US and UK next month at the Abir Risk Forum.
Speakers at the Hamilton Princess and Beach Cl…

The Royal Gazette/BSX Index closed unchanged on 3,173.04 today, with no trading activity on the Bermuda Stock Exchange.
For the week, the index fell 5.33 per cent, driven by a 5.7 per cent fall in But…

Inflation moved notably higher in the year to October, the latest Government figures show.
Consumers paid 2.5 per cent more in October 2025 than they did a year before for the basket of goods and serv…

Retail sales volume plunged 7 per cent year over year in October — the largest year-over-year drop in three-and-a-half years.
All of the seven sectors measured in the Department of Statistics’ Retail …

The war between Israel, the United States and Iran could be a silver lining for green energy.
Greg Daco, chief economist at EY-Parthenon has that said whether there is increased interest in clean ener…

Island Trading has joined Beyond Plastics Bermuda, receiving the organisation’s Champions Certificate for its efforts to reduce single-use plastics.
Island Trading said that as of January, it has remo…

The Government is intensifying efforts to attract high-net-worth individuals and private wealth business to Bermuda, according to the Minister of Economy and Labour.
Jason Hayward said initiatives un…

Escalating tensions in the Middle East are not expected to trigger immediate credit pressures for global re/insurers, but if the conflict continues, it could have wider market implications, according …

Restaurateurs have called for the Government to suspend the English test requirement for new work permit applicants.
Hospitality and construction leaders say the test is hampering their efforts to bri…

Fidelis Insurance Group has appointed Nicole Kapu-Leyland as group general counsel.
The Bermudian-based speciality insurer and reinsurer said Ms Kapu-Leyland will report to Dan Burrows, group chief ex…

The United States has launched a $20 billion maritime reinsurance facility aimed at restoring shipping through the Strait of Hormuz as conflict with Iran disrupts global energy trade.

The programme, …

Bermuda’s investment fund sector continued to grow in the fourth quarter of 2025, with total assets rising to about $315 billion, even as the overall number of funds declined, according to the latest …

The RG/BSX Index remained unchanged at 3,173.04 with no activity on the Bermuda Stock Exchange.
Meanwhile, Butterfield Bank finished up 22 cents, or 0.44 per cent, on the New York Stock Exchange to cl…

Space, the rebranded company on the ground floor of 129 Front Street, is focusing on commercial interiors, workplace environments, and large-scale project solutions for Bermuda’s corporate, hospitalit…

Parametric insurance is a great option for conflict-torn countries, Price Forbes Re executive Tom Johansmeyer said at the Bermuda Risk Summit 2026.
In a panel on the Ukraine war, Mr Johansmeyer, globa…

A group of reinsurance leaders involved in launching a wave of new companies in Bermuda 20 years ago believe the island is unlikely to see such a cluster of start-ups occurring again.
All of those on …