Royal Gazette

Mosaic Insurance has launched Halo, a digital underwriting system designed to quickly bring complex specialty products to the small and mid-size enterprise (SME) market.
With the use of artificial in…

Digital asset trading firm STS Digital has launched a suite of rules-based investment strategies for professional and institutional clients.
The company, which is regulated by the Bermuda Monetary Aut…

Sean Ringsted has been named chief scientist and executive vice-president, Chubb Group, effective immediately.
In this newly created role, Mr Ringsted will focus on and have responsibility for the co…

Bermuda’s telecommunications regulator has ramped up its efforts to rein in prices charged for internet and mobile phone services.
It latest order came in its latest annual market review, the result …

Bermuda’s oil tanker operators are seeing their earnings and share prices skyrocket.
Companies such as Nordic American Tankers, DHT Holdings and Teekay Tankers are benefiting from a spike in demand ca…

Aon has launched CyQu Marketplace, a new capability within its cyber-risk offering to help businesses act on assessment findings by connecting them with cybersecurity service providers and potential m…

Two US insurers that previously did business with the failed Bermuda reinsurer 777 Re are facing an attempt by South Carolina regulators to place them into rehabilitation amid concerns over their fina…

HSBC Bermuda is warning customers that scammers may try to trick them into sharing information about transactions.
Twynika Smith-Blakeney, HSBC’s head of financial crime and regulatory compliance, sai…

Re/insurers may soon look to artificial intelligence to handle routine work, as bottlenecks leave some business they want to write without a quote, according to new research.
The study, commissioned b…

An expanded air freight capability shared with Caribbean islands has been announced by BermudAir, which has added a leased Embraer E190F freighter aircraft to its fleet.
The carrier said it was the fi…

More than 650 people are expected to attend the 2026 Bermuda International Life and Annuity Conference this month.
The two-day event, on September 28 and 29 at the Hamilton Princess & Beach Club, …

International chefs are set to join some of Bermuda’s finest next month for the return of the Tastemakers event series organised as part of Taste of Bermuda celebrations.
The Bermuda Hotel Association…

Bermuda’s evolving healthcare landscape has raised concerns, as insurers and providers have merged, blurring the lines between the provision of medicine and insurance.
An independent pharmacist has co…

Builders and construction material suppliers have been hit by a severe shortage of cement over the past week, caused by a month-long delay in a shipment.
Workers at cement supplier Maxcem Bermuda’s pl…

Two Bermuda companies linked to BitMex, the cryptocurrency exchange, are among the defendants in a lawsuit by Celsius Network, a failed lender that alleges that wrongful liquidations and market manipu…

The Employee Assistance Programme’s counselling team leader has two new credentials and an award for diversity and inclusion under her belt.
After Julita Peniston completed her doctorate of social wo…

Next week’s Lumina Festival has secured the support of the financial services regulator the Bermuda Monetary Authority for the second annual Financial Literacy Summit.
The event will take place on Fr…

SiriusPoint Ltd has appointed Rachel Winoski as its chief human resources officer, effective October 5, 2026.
Ms Winoski will be based in New York and will join the Executive Leadership Team, reportin…

The Bermuda Economic Development Corporation has received a 2026 Excellence in Economic Development Silver Award from the International Economic Development Council.
The award was for the organisation…

The Royal Gazette/BSX Index remained unchanged on 3,764.1 in the absence of trading on the Bermuda Stock Exchange.
Meanwhile, Butterfield Bank’s US-listed shares fell 31 cents, or 0.52 per cent, to cl…

Chancery Legal Ltd has appointed Aqueelah Simmons as director of litigation.
In her new role, Ms Simmons will oversee Chancery’s litigation practice while continuing to deliver the strategic, practica…

With the Pompano Beach Club on the market, the iconic Southampton property has stopped accepting reservations for next year.
However, managing director Tom Lamb III emphasised to The Royal Gazette tha…

Aon’s debt offering to fund its planned acquisition of USI Insurance Services attracted demand roughly five times the size of the deal, indicating strong investor appetite for one of the biggest M&…

Many small businesses are set to pay more in employment taxes after benefiting for six months from an “unintended” payroll tax cut.
The rate for the employer’s portion of payroll tax for businesses w…

Bamboo Insurance Services, a home insurance company controlled by private equity firm CVC Capital Partners, is seeking to raise as much as $700 million in an initial public offering that will enable i…

The Royal Gazette/BSX Index rose 5.88 points, or 0.16 per cent, on the Bermuda Stock Exchange.
A total of 1,150 shares of Allshores traded, with the price climbing 60 cents, or 2.2 per cent, to en…

Appleby, the Bermudian-founded offshore law and fiduciary services firm, has secured a significant minority investment from New Mountain Capital to support expansion, technology investment and potenti…

A Bermudian relocation consultant is expanding its services through a collaboration with a British-based tax adviser.
The specialist relocation services provider, Vantara Relocation, has entered into …

Lockton Re has made several appointments, sharpening the privately held independent insurance broker’s client-centric North American facultative offering.
The broker said the changes strengthened a hi…

Investment will be the focus of a free webinar hosted by the Bermuda Monetary Authority next month to mark World Investor Week.
The event will form part of Bermuda’s celebration of the tenth annivers…

Reinsurers face a test over whether they can hold onto pricing discipline in specialty lines as they see abundant capital and softening property catastrophe rates, industry executives said at the Ren…

Kite surfing entrepreneur Gray Robinson wants to turn Bermuda’s off-season into the on season with a new partnership with Cambridge Beaches.
As the owners of Graykite Bermuda Kite Surfing School, he …

Now that the Bermuda Monetary Authority has shifted its focus from general principles about artificial intelligence to a concrete, actionable regulatory framework, board and executive teams of financ…

AM Best expects the UK consultation paper that proposes a framework for single-parent insurance captives will create a regime that compares well to other established captive domiciles.
In the latest c…

SFL Corp has extended the charters for six container vessels with Hapag-Lloyd AG for another seven years, adding about $750 million to its fixed-rate charter backlog.
The Bermudian-based shipping comp…

The Bermuda Monetary Authority will lead an outreach session on proliferation financing in an online meeting on Thursday afternoon.
Proliferation financing is the act of providing funds or financial s…

Thailand has long appealed to retirees seeking sunshine, affordability, reliable healthcare, and a slower pace of life. The 12th country in this retirement series is Thailand.
With about 71.7 million…

Dear Dave,
I have a tenant whose old agreement is up soon, but he signed a new lease about a month ago. He also went ahead and gave me a deposit, plus the first month’s rent. A couple of days ago, he …

Making various entry-level insurance roles closed-category positions is “a solution in search of a problem”, according to senior industry sources.
Jason Hayward, the Minister of Economy and Labour, an…

The impact of the September 11 terrorist attacks on Bermuda’s business landscape was transformational. Twenty-five years on, the ripple effects are still plainly visible in the island’s re/insurance m…

Bermuda’s reinsurers are entering a tougher phase of the market cycle, with record capital and easing prices calling for more underwriting discipline, a new industry report has found.
Boston Consulti…

Bermuda is expected to hold onto its dominant role in the booming offshore life reinsurance market, with Fitch Ratings citing the island’s regulatory framework, transparency measures and internationa…

The Royal Gazette/BSX Index remained unchanged at 3,758.22.
Butterfield traded 1,600 shares on the Bermuda Stock Exchange with the price remaining at $58.30, as turnover totalled $93,280.
Meanwhile, t…

Ascot has reorganised its American business, creating new regional leadership roles and consolidating seven business segments into five product lines.
The specialty re/insurer, which also operates in…

Jason Bolding, CEO of Gallagher Securities and global head of ILS at Gallagher Re, sees an enlarged role for brokers in dealing with the flourishing insurance-linked securities business, the Intellige…

Increasing demand from financial firms and professional service providers has led to new hires and the launch of new primary policies with a suite of enhanced protections from Mosaic Insurance, as the…

Butterfield has donated $30,000 to The Eliza DoLittle Society to help the charity buy food and maintain its pantry services for households facing financial hardship.
The bank said the funding was exp…

Coralisle Group recorded a 38 per cent increase in earnings last year and sold its minority stake in a Trinidad and Tobago-based insurer for $11.6 million, the company’s financial statements for 2025 …

In high school, teenager Tejah Bean was focused on a future career in law until the Bermuda Government experienced a crippling cyber incident.
When it happened, she had just joined The Berkeley Instit…

The Royal Gazette/BSX Index remained at 3,758.22 in the absence of trading on the Bermuda Stock Exchange.
Meanwhile, Butterfield fell $1.54, or 2.52 per cent, on the New York Stock Exchange to cl…