Royal Gazette

Bermuda Container Line announced today the retirement of John Wight as chairman of the company’s board of directors after 15 years in the role.
George Hutchings, BCL’s deputy chairman, has been elect…

Bermuda Container Line announced today the retirement of John Wight as chairman of the company’s board of directors after 15 years in the role.
George Hutchings, BCL’s deputy chairman, has been elect…

Soft-drink entrepreneur Ashley Stephens continues to grow her brand with a seasonal business now set to expand into a year-round operation scheduled for the Wesley Square location and a more permanent…

Global insurance industry losses were 40 to 45 per cent below normal for the first half of this year, according to Gallagher Re’s chief science officer.
Steve Bowen said that amounted to losses of bet…

Consumers paid 2.2 per cent more for a basket of goods and services in January than they did the year before – the inflation rate falling from 2.4 per cent in December.
According to the latest Consume…

Shares of Allshores surged 9 per cent in Bermuda Stock Exchange trading today. The insurer climbed $1.99 to close on on $23.99 as 5,000 shares changed hands.
Watlington Waterworks also gained ground,…

Retail sales volume edged 1.1 per cent higher in January, year over year, the Department of Statistics said today.
Six of the seven sectors in the Retail Sales Index recorded year-over-year increases …

Bermudian insurer and reinsurer Axis Capital has appointed Pradip Patiath to the company’s board of directors. Mr Patiath will serve on the Risk and Human Capital and Compensation Committees, Axis sai…

Verdant Rock, a Bermuda-based financial guarantor specialising in emerging markets, has been assigned a BBB+ rating with a stable outlook by Fitch Ratings.
Founded in 2025 and holding a Class 3B licen…

S&P Global Ratings has downgraded the credit ratings of Vantage Group Holdings after its acquisition by Howard Hughes Holdings.
The ratings agency described the acquirer as being a “highly leverag…

Ariel Re has appointed Tim Shreeve as chief commercial officer.
In this role, Mr Shreeve will focus on identifying and advancing opportunities for growth across the business, the Bermudian-based reins…

A leading credit ratings agency has pushed back against a recent academic study that questioned the reliability of private-credit ratings used by life insurers, arguing that the research overstates bo…

Salomon Valles, golf course superintendent at The St Regis Bermuda Resort’s Five Forts Golf Course, has won the Marriott Golf Superintendent of the Year Award, recognising, the hotel said, “outstandin…

The rapid expansion of data centres powering the artificial-intelligence boom is creating significant opportunities for property-and-casualty insurers to develop new insurance products as demand grows…

The RG/BSX Index was closed today for the National Heroes day holiday.
Over last week, 12,344 Butterfield shares traded, as the stock appreciated by $2 or 3.6 per cent, as the Index rose 98.62, or 2.6…

Bermudian-based offshore drilling contractor Seadrill is seeking to raise $600 million through a new bond offering as part of a plan to refinance existing debt and strengthen its capital structure.
Th…

A 175-year-old American Bank out of Detroit, Michigan, has been involved in Bermuda’s captive insurance industry since the last century.
The regional Comerica Bank with 413 branches in five states, is…

After receiving dual pre-operational approval from the Bermuda Monetary Authority, the head of a new crypto firm is calling the island “a world-class risk management ecosystem”.
Andrej Majcen, cofound…

A Bermudian-regulated digital asset trading firm has been recognised in the United States as demand grows for institutional-grade infrastructure in cryptocurrency markets.
STS Digital Ltd said it was …

Recently a friend of mine back in Australia bought some original artwork. Now, there are a few layers to this story. Firstly, I thought she was more a paint-by-numbers type of person, secondly I don’…

Dear Dave,
My wife and I make about $180,000 a year combined. We’re also debt-free, and we have no kids. We’d like to start planning to buy a nice piece of land sometime in the near future. Do you hav…

The RG/BSX Index closed 28.78 (0.79 per cent) higher at 3,670.38 on Friday, after 1,150 Bank of Butterfield shares ($62,975) changed hands, with the share price rising 50 cents (0.9 per cent) to $57.5…

A major amalgamation has been announced between The Meyer Group of Companies and the BEST Group of Companies, a Bermuda-based logistics, shipping, and supply chain conglomerate.
Meyer is Bermuda’s mos…

V
Vice Admiral Nancy Hann, a former leader of the famed Hurricane Hunters programme, will deliver the keynote address at Convergence 2026, Bermuda’s flagship conference for the insurance-linked secur…

Willis Re has appointed two senior reinsurance executives from rival broker Guy Carpenter, including a Bermuda-based market veteran, as it continues to expand its leadership team.
The broker announced…

Sherry Trott started selling press-on nails in a kiosk on the ground floor of the Washington Mall two years ago, while she sold office furniture upstairs.
“It was a side hustle, but demand for the nai…

Small and medium-sized business owners who want to maximise their enterprises have an opportunity to obtain key advice from a chartered professional accountant, through the Bermuda Economic Developmen…

Prudential has appointed Donna Cotter as chief executive of a newly created Wealth and Bermuda division, as the island is poised to play a key role in the group’s push into high-net-worth wealth manag…

An international event that brings together growing companies and potential investors opens in Hamilton today.
The Bermuda Capital Event, organised by Vancouver-based CEM, will feature a series of pre…

Poetic, an artificial intelligence start-up, with $50 million in funding has revealed its intention to help businesses streamline complex tasks, including insurance underwriting.
American Internationa…

Iran is more than 6,000 miles from Bermuda, but its ongoing conflict has a local charity deeply concerned.
“For the organisation the conflict in Iran is a pressing concern,” said Will Campbell, vice-…

Shares of Allshores fell 8.3 per cent on light trading volume on the Bermuda Stock Exchange today. The insurer fell $2 to close on $22, as 900 shares changed hands.
LOM Financial gained 15 cents, or 1…

Lancashire has expanded its United States speciality insurance platform into three new product lines, as the group continues its multiyear strategy of diversifying beyond its traditional property, ene…

Banyan Risk has expanded its speciality underwriting platform with the launch of a healthcare professional liability line in Bermuda, backed by capacity from Mereo Insurance Ltd.
The new product will …

Willis Re, an international reinsurance broker, has appointed Bermuda market veteran John Fletcher to be its new chief executive officer.
Mr Fletcher joins from rival reinsurance broker Guy Carpenter…

AM Best has warned about dwindling reserves and slower claims resolution in the United States directors and officers liability insurance market.
The report suggests that what for decades as been a hig…

Ratings that underpin a growing slice of the $1.8 trillion private-credit market, the hottest corner of Wall Street in recent years, are systematically understating investment risk, according to a new…

Bermuda’s insurance sector added three new insurers in May, including Sompo Life Re Ltd and a new Prudential-affiliated Class E reinsurer, bringing the number of insurers registered this year to 27.
S…

Bermuda had its first airport car rental today, after years of settling the logistics of how it would be done.
The first customer drove off the car rental lot today in a just-imported vehicle from Rug…

Butterfield Bank’s share price was unchanged at $57 on the Bermuda Stock Exchange as 2,194 shares traded today.
The bank was the only stock to trade as The Royal Gazette/BSX Index closed unchanged on …

Willis Re has appointed Jim Summers as chief executive of global specialities, with immediate effect.
The international reinsurance broker said Mr Summers would lead strategy and growth across all spe…

The Fidelis Partnership has appointed Alex Rossiter as head of portfolio analytics and risk allocation, while Greg Bowman has taken on the newly expanded role of group head of ceded reinsurance analyt…

Last year was a busy one for Off-Grid RV, and this one is proving to be even more so for owners Tomika and Flavio Pacheco.
Since March, the couple have seen a steady stream of customers enjoying their…

Bermuda captives are being introduced to a new strategy to battle the rising cost of healthcare and address the persistent challenge of medical expense inflation.
Rajeev Dutt, principal and consultant…

Hudson Ferris has been named the inaugural recipient of the Deloitte Bermuda John Johnston “Leadership with Integrity” Scholarship.
The Scholarship is awarded annually and provides Bermudian undergra…

Marex Group’s planned redomiciliation to Bermuda is already showing its value in terms of investor confidence, according to the company’s chief executive officer.
The London-based financial services p…

Butterfield Bank stock worth $513,000 traded on the Bermuda Stock Exchange today, as the bank’s share price climbed 2.7 per cent.
The $1.50 gain left Butterfield’s share price at $57 at the close. The…

A subsidiary of Bermudian-based Coralisle Group plans to hike premium prices for its most basic health insurance plan in the Cayman Islands by 25 per cent, sparking a review by regulators.
More than 1…

A subsidiary of Bermudian-based Coralisle Group plans to hike premium prices for its most basic health insurance plan in the Cayman Islands by 25 per cent, sparking a review by regulators.
More than 1…

Bermudian-based Pacific Life Re has announced its third asset-intensive block reinsurance deal with Japanese life insurer Anshin Life, a subsidiary of Tokio Marine Holdings.
The deal follows transacti…