Royal Gazette

A pioneering business in the employee assistance field is marking 40 years in business.
Benedict Associates was formed in the wake of landmark Archibald reports in the 1980s that followed The Royal Co…

Japan Post Insurance and Société Commerciale de Réassurance have signed a memorandum of understanding for a new reinsurance arrangement that could expand the use of sophisticated risk-transfer structu…

Importers are starting to see some relief from higher shipping costs imposed during the Middle East conflict, with Bermuda International Shipping Ltd reducing its inland fuel surcharge and eliminating…

Food and beverage companies are facing a more complex and unpredictable risk landscape. Concerns about food safety, geopolitical tensions and supply-chain disruption are all increasing while confidenc…

Bermudian lawyer Elizabeth Watson has returned home to join Marshall Diel & Myers Ltd’s family team.
For the past decade, Ms Watson has been practising matrimonial law in London, the firm said in …

Circle Internet Group, the stablecoin issuer licensed in Bermuda, has received the go-ahead from regulators in the United States to establish a national trust bank, marking what the company described …

Last week I was chatting with a friend and we were talking about how much things have changed in the past 30 years. I remember as a child getting excited to collect the mail from the mailbox in front…

Triangle Life Insurance Co Ltd has received a preliminary credit assessment from AM Best, marking another milestone for the Bermudian-based insurer as it grows its presence in the high-net-worth life…

Dear Dave,
I’ve never had a credit card in my life. I do have a $600 monthly car payment right now, and it’s my only debt. I owe $10,000 on the vehicle.
Currently, I have a six-month emergency fund s…

Shares of Allshores gained 1.9 per cent in Bermuda Stock Exchange trading today. The insurer climbed 50 cents to close on $27 as 300 shares changed hands.
With Allshores the only stock to trade, The R…

After a two-year hiatus a popular self-serve frozen treat shop has reopened in the West End.
Yo Cherry owner Carlos Francis closed his Sandys outlet in 2024 after two years in operation.
“I was buil…

A “contagion risk” to the life insurance industry is building in the Cayman Islands, amid a combination of rapid growth and regulation that falls short of international standards.
That is the view of …

Merchant credit card fees can really eat into a small vendor’s profits especially when they are first starting out.
Shakeem Albouy has launched Working On It, an app that can help Bermuda entrepreneu…

At some point, almost every regulated business will disagree with its regulator.
That is not an indictment of the regulator. It is the natural result of a regulatory system that depends on judgment.
…

The Bermudian-based global re/insurer Everest Group has made Craig Hanrahan its global distribution and chief commercial officer, effective August 1.
Mr Hanrahan will continue to report directly to Ji…

Chubb Bermuda has welcomed 25 students to its 2026 summer internship programme, including four participants in a specialised underwriting initiative aimed at developing future insurance professionals….

Two stocks traded on light volume on the Bermuda Stock Exchange today.
Shares of Bermuda Aviation Services fell 80 cents, or 42.1 per cent, to close at $1.10 on the trading of 100 shares.
Devonshire I…

Cox Hallett Wilkinson has strengthened its litigation practice with the appointment of two senior attorneys, adding expertise in commercial disputes and employment law.
The Bermudian-based law firm an…

Bermudian William Soares has been promoted to the role of chief executive officer of Arch Reinsurance Ltd in Bermuda.
At the same time, Arch announced the promotion of Jon Schriber to CEO of Arch Rein…

Bermuda’s wholesalers may be forced to navigate a United States market with declines in produce, as farms face growing concern over yield.
As much as 95 per cent of Bermuda’s food supply is imported,…

London, the world’s biggest hub for commercial and specialty risk, is angling for a much more prominent role in the $140 billion global market for insurance-linked securities.
Issuance of ILS products…

Bermuda’s banking sector had a strong balance sheet during the first quarter of 2026, although lending declined, while banks continued to hold more deposits than loans, according to the Bermuda Moneta…

As the City of Hamilton turns into the busy summer season, the on-again, off-again Chiko’s Restaurant is off again.
Less than five months after taking space on the second floor of Bermudiana Arcade on…

Heatwaves, drought and heavy rainfall are being forecast globally for the 2026 El Niño, but there is likely to be a reduction in Atlantic hurricanes as intense Pacific typhoons and heavy precipitation…

Bill Bailey has been appointed regional managing partner for the EY Region of the Bahamas, Bermuda, British Virgin Islands and the Cayman Islands, effective October 1, the firm announced.
Mr Bailey, w…

AM Best has affirmed the financial strength and issuer credit ratings of Bermudian-based BNY Trade Insurance Ltd and New York-based The Hamilton Insurance Corp, maintaining stable outlooks for both co…

The RG/BSX Index remained at 3,746.76 in the absence of trading on the Bermuda Stock Exchange.
Meanwhile, Butterfield Bank fell 98 cents, or 1.61 per cent, on the New York Stock Exchange to close at …

Draft guidance notes to help companies comply with beneficial ownership rules have been issued, says the Office of the Registrar of Companies.
The documents are being provided ahead of anticipated leg…

Bitcoin Suisse has completed another step in its international expansion after getting full regulatory approval to provide digital asset financial services in Abu Dhabi, building on the Bermuda licen…

HSBC has appointed Paul Shaw as chief information officer for Bermuda, the Channel Islands and the Isle of Man, succeeding Errol Boyes-Varley, who is retiring after 31 years with the bank.
Mr Shaw wil…

Appleby Bermuda has welcomed three legal interns to its rotational summer internship programme, and three interns to Appleby Global Services, Appleby’s corporate and fiduciary service provider.
The s…

Moving corporate domicile to Bermuda is a trend gathering momentum among large, multinational companies across multiple industries.
And in contrast to many redomiciliations in the past, the new arriva…

When Liz Sloan (née Tee), started public relations firm Troncossi at age 28, she had to educate the public about the value of PR itself.
“In 2000, there weren’t lot of resources put towards it,” she t…

Bermudian-based Resolution Life has entered into a new UK pension risk transfer with a leading British insurer.
This transaction, Resolution’s fourth in two months following three recent deals in Asia…

The RG/BSX Index remained at 3,746.76 in the absence of trading on the Bermuda Stock Exchange.
Butterfield rose 8 cents or 0.13 per cent on the New York Stock Exchange to close at $60.60 with 107,544 …

MS Reinsurance today announced two appointments to its underwriting leadership team. Effective August 1, Lisa Butera will join as chief underwriting officer for North America, overseeing the company’s…

Bermudian-based Sompo International Holdings Ltd has agreed a deal for one of its US subsidiaries to acquire Service Insurance Companies, a US workers’ compensation insurance specialist.
Sompo said Se…

A new eatery has opened in the St George’s Club Hotel.
Drift GastroBar is part of the Achilles Bay group, under the management of Stefania Di Meglio and Guido Brambilla.
As part of its soft launch, D…

Working as a veterinary tech assistant, on and off for 15 years, Stephanie Almeida discovered she was more interested in pet grooming than medicine.
She loved brushing out the animals’ fur or taking c…

Sidecars are being increasingly used by Bermudian re/insurers to cover casualty risks, according to a new report.
Traditionally used to tap third party capital to cover property-catastrophe risk, side…

Markets rebounded sharply in the second quarter, marking a dramatic reversal in risk sentiment from the war-induced sell-off earlier in the year. The second quarter was defined by the ongoing conflict…

The RG/BSX Index remained at 3,746.76, unchanged.
Only one international company saw activity on the Bermuda Stock Exchange with 6,676 HSBC shares changing hands to close at $17.11, up $2.11, or 14.06…

Bermuda was represented at the International Labour Conference in Geneva, Switzerland.
Gabrielle Cann, the Director of Labour and government representative, and Dean Smith, president of the Bermuda Tr…

Pricing pressure is likely to continue in reinsurance after the fifth consecutive quarter of catastrophe losses below the historical average of $20 billion, analysts from JP Morgan reported.
In a new …

Bermudian-based Fortitude Re announced has signed a $3.8 billion long-term care reinsurance transaction with Unum Life Insurance Company of America.
Upon receipt of regulatory approvals and subject to…

The Government has published the first report assessing Bermuda’s proliferation risk — the danger of funds, services, or trade being used to support the acquisition or development of weapons of mass …

The Conyers 2026 Bermuda Summer Law Student Programme includes nine students who will be immersed in practical legal experience, the firm said.
During the eight-week programme, they will be exposed to…

Here’s a question worth sitting with: if a treatment became available that could safely extend your life by 15 to 20 years – pushing your lifespan to 110 or beyond – would you take it?
Ten years ago,…

Dear Dave,
My husband loves his job, works a regular schedule and he makes over $180,000 a year. I love my work as a part-time substitute teacher in our local school system.
We are debt-free, except …

Crystal Caesar has resigned as Minister of Education and government senator, while David Burt, the Premier, announced a swearing-in of new ministers.
In an explosive public statement released last nig…