Royal Gazette

Signet Jewellers, the Bermudian-domiciled owner of Kay, Zales and Jared, has raised its full-year earnings outlook after reporting stronger same-store sales and wider operating margins in the second q…

A Bermudian specialist in complex commercial litigation and international arbitration has returned home as a senior associate in Appleby’s dispute resolution department.
Kilian Elkinson has particular…

Mosaic Insurance has launched an in-house AI Lab and a programme that embeds engineers with business teams, saying it wants to move artificial intelligence projects beyond the pilot stage and into da…

Willis Re has appointed Neil Eckert, the cofounder and chief executive of Conduit Re, as its next CEO.

The appointment was announced the day after Conduit said Christian Dunleavy, a Bermuda market…

Convex Group CEO Paul Brand has cautioned reinsurers that rising anti-globalisation sentiment could pose challenges for the industry.
Mr Brand was the keynote speaker this week at PwC’s flagship exec…

Cedar Trace Underwriting has a new $300 million Lloyd’s syndicate for the 2027 underwriting year, after last week’s in-principle approval from the Lloyd’s Council. It is led by chief underwriting offi…

The rapid growth of casualty sidecars is opening a new frontier for Bermuda’s insurance-linked securities market. New investors are flocking to long-tail risks, but some analysts are raising deeper qu…

Thomas B. Leonardi, former Insurance Commissioner for Connecticut, says Bermuda has taken the regulatory high road in creating an insurance regulatory framework that matches the highest internatio…

The Royal Gazette/BSX Index edged lower by 1.18 points, or 0.03 per cent, to close at 3,758.22.
Five thousand LOM Financial shares changed hands on the Bermuda Stock Exchange, as the broker-dealer and…

As Bermuda’s reinsurance professionals gather with global colleagues in Monte Carlo for Rendez-Vous de Septembre, the world’s largest privately held independent insurance broker has published a report…

The Class of 2001 insurer, Axis Capital Holdings Limited, is celebrating its silver anniversary with a yearlong campaign.
Axis Capital was one of four Bermuda reinsurers founded 25 years ago after the…

Christian Dunleavy is to take over as chief executive officer of Bermudian reinsurer Conduit Holdings.
The Bermudian industry veteran will take the helm at Conduit on March 1, 2027, succeeding Neil Ec…

David Burt, the Premier, marked the tenth anniversary of Bermuda acquiring recognition of regulatory equivalence from the European Union during a speech in Belgium.
Mr Burt, who is also the Minister o…

Profits nearly tripled for US property and casualty insurers in the first of the 2026.
A report by credit rating agency AM Best said the industry recorded $31.2 billion in net underwriting income in t…

Yves Charbonneau has joined Vantage as chief risk officer from fellow Bermudian re/insurer Arch Capital.
Mr Charbonneau, who will serve as a member of the Vantage leadership team, brings nearly three…

More than a decade after completing the acquisition of the Bermuda Telephone Company in 2015, Digicel could this year complete replacement of the old copper wire network with fibre optic cabling.
New …

Aspida Re has appointed Brian Lewis as chief financial officer of its Bermuda-based reinsurance platform.
Mr Lewis, who will be based in Hamilton, has more than 13 years of experience across reinsuran…

Bermudian-domiciled specialty reinsurance group Compre has agreed a retrospective reinsurance transaction covering approximately £200 million ($270 million) of reserves with a Lloyd’s syndicate.
The s…

Butterfield Bank is likely to have its long-term credit ratings cut by one notch if its $1.8 billion acquisition of CIBC Caribbean Bank Ltd goes ahead as planned, according to ratings agency KBRA.
KBR…

Axis Capital Holdings’ results reflect a stable and resilient specialty-focused business, rating agency AM Best has observed, noting that underwriting performance and profitability metrics have improv…

Gold Reserve Ltd plans to buy back as many as 7.39 million common shares, or 5 per cent of its outstanding stock, saying its market value does not always reflect its underlying prospects.
The Bermudia…

Watlington Waterworks Ltd reported lower first-half profits after water consumption returned to more typical levels following unusually strong demand last year.
The company said net income for the six…

A group of companies that covers BGA, Brown & Co, Pitt & Co and SAL will defer the introduction of a payroll system that was expected to leave employees short of cash for several weeks, the Be…

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My mother passed away recently, and I received $200,000 as an inheritance. I’m a single dad, and I’d like to share some of the money with my 28-year-old daughter. But I’m worried about doin…

Whether you are drawn by a pot of gold at the end of a rainbow, a pint of Guinness, or a four-leaf clover, Ireland has undeniable charm. The 11th country in this retirement series is Ireland.
To be cl…

Shares of Butterfield Bank fell 2 per cent in Bermuda Stock Exchange trading today. The bank fell $1.20 to close on $58.30, as 2,200 shares traded.
With Butterfield the only stock to trade, The Royal …

EQT, the private equity group, is to acquire a majority stake in McGill and Partners in a deal valuing the London-headquartered specialty re/insurance broker at $2 billion.
Warburg Pincus, which backe…

The Bermuda Economic Development Corporation has committed nearly $10,000 to support this month’s Lumina Festival Financial Literacy Summit, including subsidised tickets for entrepreneurs and students…

Savvy employers will have to move to direct debit payments to avoid an increase in their payroll tax outlay.
The Office of the Tax Commissioner has advised that as of October 1, the recharge fee appli…

Three former Partner Re property underwriters have been appointed to new roles at Conduit Re, the Bermudian-based multi-line reinsurance business.
Parent company Conduit Holdings said the three new se…

The parent company of a Bermuda reinsurer may be acquired for $1.5 billion by insurance units of South Korean conglomerate Samsung.
The Reuters news agency has said ​the Korea Economic Daily reported …

Bermuda’s continuing appeal to start-up insurers has helped professional-services firm Triangle Eight Group achieve a productive first year in business.
But the company’s founder Heather Kitson warns …

Bermuda’s reinsurers are heading to Monte Carlo with more capital and stronger balance sheets than ever, but facing tough decisions about where to put the money, according to industry analysts The Roy…

A new report outlines reinsurance opportunities made available by advances in technology and specifically artificial intelligence.
A white paper from Karen Clark Company said that AI is at the heart o…

Two Bermuda firms plan to issue the first catastrophe bonds with ownership directly tied to blockchain, according to a new report from financial media outlet CoinDesk.
The first deal is targeted for …

The Royal Gazette/BSX Index climbed 71.96 points or 1.92 per cent to end the day at 3,828.49.
One thousand Butterfield shares changed hands on the Bermuda Stock Exchange to close at $59.50, up $1.25, …

A new AM Best report reveals that risk-adjusted prices declined across most reinsurance classes during the first half of 2026, with the strongest pressure in property catastrophe — particularly United…

Bermuda’s life and annuity reinsurance sidecar market has quadrupled in four years to an estimated $375 billion of assumed liabilities, according to a new report from Morningstar DBRS.
The ratings age…

David Burt is continuing his meetings with European officials and financial-sector leaders this week, with international tax policy and insurance regulation high on the agenda.
The Premier and Ministe…

Bermuda’s electricity supplier, Bermuda Electric Light Company Limited, has been certified to the ISO 45001 Occupational Health and Safety standard.
The International Organisation for Standardisation …

Aegon has formally called a shareholder meeting to seek approval to move its legal home from Bermuda to the United States.
The international financial services group said its extraordinary general mee…

American International Group executive chairman, Peter Zaffino, is leaving to join Palantir Technologies to help expand the data-analytics firm’s business with financial firms.
Mr Zaffino, who stepped…

Butterfield Bank’s shared edged 0.1 per cent higher on the Bermuda Stock Exchange today to close at $58.25. The bank gained five cents on the trading of 2,000 shares.
With Butterfield the only stock t…

MS Reinsurance has appointed Julien Mollinier as chief underwriting officer for global specialty lines, effective early next year.
Mr Mollinier succeeds Jörg Bruniecki, who became MS Re’s chief underw…

The Fidelis Partnership has appointed Helen Wilson as its Bermudian-based reinsurance chief underwriting officer, pending immigration approval, and hired Sarah Ching as senior underwriter for interna…

Reinsurers are likely to see their profitability decline next year as reinsurance rates continue to soften while capital remains abundant, say analysts at S&P Global Ratings.
However, the industry…

Chariot Reinsurance, an independent Bermudian-based Class E life and annuity reinsurer, has announced the closing of its oversubscribed third capital raise of approximately $700 million in equity and …

Bermuda needs to improve its marketing and double down on promoting the autumn and winter months. But it will never see the heydays of a tourism resort that were experienced in the 1970s and 1980s.
Th…