Royal Gazette

A top Bermudian broker believes the next generation of local aspiring insurance executives will forcefully seek career development in the industry.
Jasmine DeSilva is the managing director of Gallaghe…

Allshores was the only issuer to trade on the Bermuda Stock Exchange today.
The insurer’s stock price remained unchanged on $21.79 as 10,000 shares changed hands.
The Royal Gazette/BSX Index closed un…

The Occupational Safety and Health Office is advising all employers that it is now past the statutory deadline for submitting the Employer’s Annual Report of Accidents, Occupational Illnesses and Dang…

Paradise Mobile has retained its title from online speed testers Ookla as Bermuda’s fastest mobile network.
The award is based on analysis of consumer-initiated Ookla speed test results from devices a…

Banyan Risk has appointed of three highly experienced insurance executives to its advisory board, as the business continues to scale its platform and expand its underwriting ambitions.
John Berger, Bo…

Bermuda can expect to see consolidation among its long-term reinsurers in the near future, the Bermuda Risk Summit heard this week.
During a panel discussion on life reinsurance, moderator, Jamie Schm…

Artificial intelligence and machine learning are enablers, making space for humans to do more important things, like close the insurance protection gap.
That was the word from Natanje Holt, DXC Techno…

Since the war involving Israel, the United States and Iran began on February 26, oil prices have shifted dramatically.
“You go to sleep on a Sunday evening, prices are around $90 per barrel,” said Gr…

Climbing default rates in private credit do not signal that it’s time for investors to panic, experts on a panel at the Bermuda Risk Summit said yesterday.
Many Bermudian re/insurers — especially in t…

The RG/BSX Index rose 39 points (0.01 per cent) to close at 3,173.04, with a turnover of $23,969.
Only Allshores saw activity on the Bermuda Stock Exchange with 1,110 shares trading to finish at $21.7…

Allshores has committed $250,000 over three years to support the work of charity Home, helping strengthen efforts to prevent and end homelessness in Bermuda.
The multiyear funding will support Home’s …

If you think the work permit process in Bermuda takes too long, the Government agrees.
Speaking on the first day of the Bermuda Risk Summit, Jason Hayward, Minister of Labour and Economy said the Gov…

The Bermuda Press Holdings Ltd, the parent to the The Royal Gazette, has declared a net loss of $621,000 for the year to September 30, 2025.
The company said the net loss, a major improvement over the…

In the face of rapid global change, the world needs stable jurisdictions like Bermuda, the island’s leader has said.
Speaking during the opening of the Bermuda Risk Summit at the Fairmont Hamilton Pri…

Cyber insurance is moving full speed ahead now that re/insurers have concluded a long debate over the definition of a cyber event.
That was the word from Kathleen Reardon, chief executive of Hiscox Re…

Women in Reinsurance Bermuda has named Sophia Greaves its 2026 Woman of the Year.
The award was presented at the organisation’s International Women’s Day Gala on Friday, which brought together industr…

The RG/BSX Index sank 168.83 points (5.08 per cent) to end the day at 3,172.65, with a turnover of $726,424.45.
Butterfield Bank traded 334 shares on the Bermuda Stock Exchange with the price dipping …

Rising insured losses from severe convective storms in the United States like hail and tornadoes could drive further growth in the catastrophe bond market, a sector largely structured through Bermuda …

The Association of Bermuda Insurers and Reinsurers has joined forces with Insurance Ireland to urge European policymakers to revise proposed securitisation rules, warning that the current framework co…

The Government intends to launch a pilot project to build an AI-powered chatbot designed to help government employees calculate pension payments more efficiently.
The Near Foundation, a Swiss-based no…

Bermuda has long positioned itself on the global stage as a sophisticated, distinguished island, ideally structured as a premier domicile for international business.
Its appeal is driven not only by…

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Allshores rose 1.2 per cent to close on $21.75 on the Bermuda Stock Exchange today, as 2,000 of the insurer’s shares traded.
The only other domestic-board issuer to trade was Butterfield Bank, which …

Lancashire Holdings reported a profit of $293.4 million for 2025 as strong underwriting and investment returns offset major catastrophe losses, while executives at the Bermudian-based re/insurer warne…

The Bermuda Monetary Authority is marking International Women’s Day with an event highlighting the role of mentoring and support in advancing women in the workplace.
The authority said the 2026 theme,…

The Bermuda Risk Summit will feature sessions examining the rising threat of wildfire and conflagration risk as insurers and reinsurers grapple with mounting losses and changing exposure patterns.
The…

Gold Reserve Ltd said it has taken part in high-level talks in Venezuela alongside American officials and other mining representatives, marking a potential step towards reopening the country to foreig…

Public officers underwent training in preparation for the next Financial Action Task Force Mutual Evaluation, which begins in April.
The FATF mutual evaluations are in-depth country reports analysing …

Women in AI Bermuda has launched Spot The Harm, a technology series promoting responsible innovation by building local capacity to detect AI-related harms and strengthen ethics in the development and …

Mosaic Insurance is building out its financial institutions and professional liability teams with key hires to drive expansion of finpro lines across North America.
The growth follows Mosaic’s hiring …

The RG/BSX Index dipped 2.84 points (0.09 per cent), closing at 3,340.03.
On the Bermuda Stock Exchange, 1,000 shares of insurer Allshores traded, with the price falling 29 cents (1.3 per cent) to $21…

Encouraging fresh talent into the re/insurance industry will be the focus of the Future Leaders Forum, organised by the Bermuda Business Development Agency as part of next week’s Bermuda Risk Summit.
…

Softening conditions in the reinsurance market call for companies to balance discipline with pursuing growth opportunities, says EY.
The professional-services firm has released its Reinsurance Outloo…

Global reinsurer Ariel Re today announced two promotions in its property underwriting team.
Sarah Morgan will become head of property, effective April 1. Ms Morgan, has been in the property underwriti…

Dockyard entrepreneur Hilton Brown’s sightseeing tour careens down Bermuda’s winding roads at breakneck speed, pausing at spots such as Crystal Caves, Woodys or the Swizzle Inn.
An invisible driver sh…

The Corporation of Hamilton has achieved the Investors in People “We Invest in People” standard accreditation for the period February 13, 2026, to September 30, 2028.
Investors in People is a globally…

QBE has started writing primary insurance through its Bermuda operations and has appointed two underwriters to lead the business.
The insurer and reinsurer’s new business will focus on property and ex…

Shares of LOM Financial Ltd rose 3.9 per cent in Bermuda Stock Exchange trading today.
The brokerage and investment firm gained 30 cents to close on $8, as 15,000 shares changed hands.
Allshores was t…

Beazley is touting its Bermuda underwriting platform as a key part of its growth strategy as the speciality insurer navigates more competitive pricing and prepares for a takeover by Zurich Insurance G…

Florida’s state-backed insurer Citizens Property Insurance Corp is planning about $3 billion in reinsurance and catastrophe bond protection for the 2026 hurricane season as its exposure continues to s…

US President Donald Trump has said the United States will offer federally-backed insurance coverage for maritime trade in the war-affected area of the Middle East.
The political risk insurance and fin…

More than 1,100 people attended the Bacardi Black-owned Vendor Market, which generated more than $31,000 in recorded sales.
Fifty Black-owned Bermudian businesses across food, retail, beauty, artisan …

A car fire on Middle Road in Warwick caused police to steer traffic away from the area yesterday afternoon.
A Bermuda Police Service spokesman said no injuries were reported in connection with the inc…

Multiple insurance lines are set to be tested by the impact of the developing conflict in the Middle East, according to international law firm Kennedys.
The firm, which has an office in Bermuda, sees …

British insurer Beazley, which set up an underwriting platform in Bermuda last year, has agreed to the terms of ​an $10.8 billion all-cash takeover bid from Zurich Insurance Group, the ‌companies anno…

The RG/BSX Index fell 10 points to close at 3,340.60 today.
Allshores traded 6,412 shares to dip a single penny on the Bermuda Stock Exchange with a turnover of $139,755.48.
Meanwhile, Butterfield fel…

The largest shareholders of Nordic American Tankers are now Herbjorn Hansson, founder, chairman and chief executive of the firm, and his son.
In a letter to shareholders and investors Herbjorn Hansso…

Veteran real estate agent Margaret Young has been named 2025 top producing agent at Rego Sotheby’s International Realty in the firm’s annual staff awards.
Ms Young has been in the real estate industry…

SS&C Technologies will hold its fourth SS&C Bermuda Thought Leadership Day on March 9.
The breakfast event, from 8:30am to 11:30am at Huckleberry, at the Rosedon Hotel in Hamilton, will featur…

Bermudian insurers and shipping companies are feeling the impact of war in the Middle East.
Several insurers, such as Mosaic and Relm, have offices in the region, while others such as Skuld and Gard P…