Royal Gazette

David Burt is in Washington leading a Bermuda delegation at the 2026 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group — the first time the island has been invited to p…

Appleby has appointed Daniel Burkitt, an international disputes and insolvency lawyer, as a partner in its Bermuda office to boost its capabilities in complex restructuring and cross-border litigation…

The Government is offering Bermudians free access to a digital payments workshop and market next month as part of a push to expand public participation in the island’s growing digital finance sector.
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A Bermudian with a Dubai company specialising in robotics and artificial intelligence will host a free lunchtime presentation on Friday, focusing on the gaps she sees in Bermuda’s AI infrastructure.
K…

After more than a year of renovation, Bermuda Craft Brewing is ready to open in a new location at the old Riddell’s Bay Golf Club in Warwick.
The brewery’s owners hope to open on Friday of next week,…

Arch Capital Group president Maamoun Rajeh has joined the Insurance Development Forum’s steering committee.
IDF is a public-private partnership dedicated to optimising and extending the use of insuran…

The Royal Gazette/BSX Index jumped 115.14 points today to close on 3,594.70.
Only Butterfield Bank was active on the Bermuda Stock Exchange with 2,562 shares trading, the stock price rising $2, or 3.7…

International law firm Collas Crill has appointed David Thom as counsel in its Bermuda office, enhancing the firm’s strength in complex commercial and insurance disputes.
Mr Thom joins with extensive …

Rising demand for vast data centres at the heart of the world’s artificial intelligence infrastructure could generate $10 billion in new premiums for insurers in 2026, say analysts at S&P Global R…

Carey Olsen Bermuda advised activist investor Elliott Investment Management on its successful effort to shake up the board of Norwegian Cruise Line Holdings.
The world’s third-largest ‌cruise operator…

Ten entrepreneurs and their nine businesses have graduated from the seventh cohort of the Bermuda Economic Development Corporation’s incubator programme.
The BDEC hosted a celebration at the Fourways …

Cycle business Scooter Mart celebrates its tenth anniversary this month with all the drama it has become known for — blowout sales, free locks and add-on credits.
Owner Nick Thomson started Scooter M…

Alternative investment managers are pouring unprecedented sums of money into the market for property cover, and reshaping a 180-year-old reinsurance model in the process.
Allocations to catastrophe bo…

The fifth annual Bermuda Risk Summit 2026 welcomed 460 delegates this year, including 172 international attendees.
Organisers the Bermuda Business Development Agency this week reported that 217 compan…

AM Best has affirmed the financial strength rating of ‘A’ (Excellent) for Bermuda based Coralisle Group’s life, health and property and casualty subsidiaries across Bermuda and the Caribbean.
The cred…

The youth unemployment rate more than tripled in the space of 12 months, according to data released today by the Department of Statistics.
As of May 2025, the unemployment rate for 16- to 24-year-old…

Carol Redahan has been made head of finance at Group Ark Insurance.
Ms Redahan announced her promotion on LinkedIn.
Ark is a specialised property and casualty reinsurance company offering coverage acr…

Pine Walk, the specialist platform of The Fidelis Partnership, has launched Mezura Capital Partners, a new capital solutions business headquartered in Bermuda.
The new business will be led by Shireen …

Claire van Overdijk, King’s Counsel, has been appointed as head of private client and trusts in Bermuda. Ms van Overdijk is responsible for the firm’s contentious and non-contentious private client an…

HSBC Bermuda said difficulties involving the clearance of some payments through PayPal are no longer a problem.
The bank had blamed “security controls” as the reason that some recent transactions by l…

Most of us have probably heard of Ponzi schemes or pyramid schemes. If you are familiar with these terms, you are likely thinking, like most people, that they would be easy to spot, thanks to the com…

Dear Dave,
Is it ever OK to pull money out of your emergency fund to pay off your home? My husband and I were talking about this the other day, because we are so close to paying off our mortgage. We w…

The Royal Gazette/BSX Index closed unchanged on 3,479.56 today, as no shares traded.
For the week, the index gained 57.47 points, or 1.65 per cent, on total trading volume of 1,000 shares and turnover…

Bermuda’s insurance market kept a steady pace of new formations in the first quarter of 2026, with the most growth in capital markets structures and life reinsurance rather than traditional insurers.
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Full disclosure – beyond regulators’ requirements – is the best way for life reinsurers to address concerns over their investment portfolios, an industry leader said.
Grant Kvalheim, chief executive o…

Clarien Bank announced 2026 corporate donations of more than $160,000 to a diverse group of 17 charitable organisations.
In a statement, Clarien said it was committed to supporting community services…

Hong Kong’s leading insurance regulator believes Bermuda can be a partner in building an insurance-linked securities market to address the huge natural catastrophe protection gap in Asia.
Clement Cheu…

Auto Solutions, the Bermuda distributor for Hyundai Motor Company, has been recognised at the brand’s annual convention for achieving the highest sales growth in its category across Central and South…

HSBC Bermuda has confirmed there were some bank cards that were not affected by the “recent interruptions to some services based on the implementation of additional security controls”.
The bank faced …

Administrative professionals will have an opportunity to learn how artificial intelligence can help reduce workloads and improve efficiency at work at an upcoming Bermuda College workshop.
The AI for …

A second man has been accused of killing a father of two and a pet last month.
Parris-Mitchell Robinson, 20, appeared in Magistrates’ Court today, when he was charged with unlawfully killing 26-year-o…

Bermuda needs to bring down the cost of doing business to maintain its attractiveness to global re/insurers, the chief executive officer of Arch Capital has warned.
“The introduction of global minimum…

At the opening of the Association of Bermuda Insurers and Reinsurers Risk Forum at the Hamilton Princess Hotel & Beach Club, Bermuda’s Governor Andrew Murdoch underscored Bermuda’s enduring role a…

When Sir Charles Roxburgh, chairman of Lloyd’s of London, walked onto the stage in first Association of Bermuda Insurers and Reinsurers Risk Forum, he did not play up the historical competition betwee…

A former top American insurance regulator has publicly backed Bermuda’s regulatory regime, saying Bermuda, the United States and European watchdogs are increasingly aligned on transparency as the isl…

The RG/BSX Index rose 57.57 points (1.68 per cent) to end the day at 3,479.66.
Butterfield Bank traded 600 shares on the Bermuda Stock Exchange with the price climbing a $1 (1.9 per cent) to close at …

Ascot Group has appointed Ian Lowe as head of its Bermuda property treaty business, the company announced.
Mr Lowe will report to Marc Amen, chief executive of North America and interim chief executiv…

A local lawyer has released a white paper proposing what could be the world’s first identity standard covering artificial intelligence agents and their associated legal entities.
Bourn Collier, senior…

Environmental health officials swiftly investigated a food outlet after videos circulated on social media that raised concerns about hygiene, the Government confirmed this afternoon.
Their inquiries c…

On the eve of the tourism high season, airlines worldwide are raising prices and have begun cancelling flights because the oil crisis linked to the Iran War is driving up fuel costs and disrupting sup…

Gallagher Re’s April 1 renewals report found softening rates across property and specialty reinsurance lines — especially US cyber reinsurance rates, which dropped by nearly one third.
The report, ent…

A former social studies teacher has started a life coaching business to help people pause, reflect and break out of unhelpful patterns in their lives.
Shannon Davis launched The Growth Mirror in Decem…

The Royal Gazette/BSX Index closed unchanged on 3,422.09 after no trading activity on the Bermuda Stock Exchange today.
Butterfield Bank’s US-listed shares rose 56 cents, or 1.04 per cent, to close on…

The United States International Development Finance Corporation and Chubb have named six additional American insurance partners that will provide reinsurance for DFC’s maritime reinsurance plan.
The r…

ILS Bermuda has announced a slew of leadership appointments, including Hanni Ali as its new chairman.
Mr Ali, the chief executive officer of Radix ILS, takes over from Jo Stanton, chief financial offi…

The Department of Immigration today announced a lowering of minimum pass rates for work permit applicants taking certain required English proficiency tests, and extended the list of allowable tests.
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The RG/BSX Index closed unchanged at 3,422.09 points with no trading on the Bermuda Stock Exchange.
Meanwhile Butterfield Bank ended the day up 38 cents (0.71 per cent) on the New York Stock Exchange …

HSBC Bermuda said today that security controls were the reason that some recent PayPal transactions were not accepted.
The bank acknowledged recent inquiries regarding declined transactions involving …

Willis Re has appointed Nick Pritchard as a broker in its Bermuda team.
Pritchard, who was most recently interim chief underwriting officer at Conduit Re, where he also served as underwriting portfoli…

Industry, regulatory, and government leaders are among the high-profile speakers at this week’s inaugural Abir Risk Forum at the Fairmont Hamilton Princess.
The full-day event on Wednesday features c…