Royal Gazette

Heightened patrols in parts of the island were expected as an investigation continued into a shooting on Thursday night that left a man in hospital.
Michael Weeks, the Minister of National Security, u…

In the past few weeks, two friends of mine who work in unrelated companies received a redundancy notice driven by recent merger and acquisition activity on the island.
One package I am told is quite …

Dear Dave,
I have two cars. One is paid for, and I owe $23,000 on the other. These are my only vehicles. I’d like to sell the one I still owe money on, but no one wants to pay enough to cover the bala…

Hudson Structured Capital Management’s managing director and chief financial officer Bernard Opoku has been elected partner.
HSCM Bermuda said the move recognised Mr Opoku’s leadership, sustained imp…

Montauk Point Ltd has appointed Gero Michel, a re/insurance industry veteran, to lead its risk and analytics platform.
The Bermudian-based company said the move is meant to strengthen its client-facin…

Shares of Butterfield Bank rose 1.9 per cent in Bermuda Stock Exchange trading today.
The bank rose $1 to close on $53 as 593 shares changed hands. The Royal Gazette/BSX Index rose 57.57 points, or 1….

Conyers has promoted three lawyers to counsel and one to senior associate in Bermuda as part of a global round of advancements across the offshore law firm’s international offices.
The firm said the p…

A Guernsey-based private client services group has expanded into Bermuda through the acquisition of a local trust company, as part of a broader push to build a transatlantic wealth platform.

Opera…

Appleby announced the promotion of six lawyers, including Cathryn Minors, a member of the insurance team, who has been appointed a partner.
Katie Blundy, Arielle DeSilva and Hailee Forde have been …

The Bermuda Monetary Authority is planning to streamline its regulatory framework for tokenised assets after the industry warned that overlapping rules could slow growth.

In feedback on the author…

Auto Solutions has partnered with Rugged Rentals, introducing an added layer of convenience for customers requiring short-term transportation.
The collaboration enables Auto Solutions clients to rent …

The Royal Gazette/BSX Index finished up 57.57 points (1.74 per cent) to close at 3,364.52.
Butterfield Bank ended the day at $52 on the Bermuda Stock Exchange up a $1, or 2 per cent, with 2,042 shares…

Coldwell Banker Bermuda has announced that an unprecedented 70 per cent of its full-time agents have been awarded international recognition.
These honours place the local team within the highest tiers…

Record levels of global reinsurance capital are driving a more competitive market, with falling prices and more alternative capital expected to keep reshaping the industry, according to a new report b…

Aflac Re Bermuda Ltd has reached an agreement with Japan Post Insurance Co to reinsure a block of whole life annuities through coinsurance.
Japan Post Insurance will continue to service and administer…

Jeep Compass 2013 $12,750
Well maintained Navy Jeep Compass, serviced at least annually with supplier Eurocar

Insurers including Bermudian-based Fidelis and Chubb, which has substantial operations on the island, were granted permission to appeal against a London court ruling in favour of the world’s largest a…

The Bermuda Chamber of Commerce’s 2026 annual general meeting and luncheon will circle around the theme of global shifts, local impact and workforce considerations in a changing world.
The event spons…

A new insurer is working to set up shop in Bermuda offering a financial guarantee platform focused on emerging markets.
Advised by law firm Walkers, Verdant Rock has received for approval in principle…

Shares of Allshores climbed 4.3 per cent in Bermuda Stock Exchange trading today. Five hundred of the insurer’s shares traded as the price rose $1 to $24.
The Royal Gazette/BSX Index gained 9.8 points…

The North American insurance operation of Bermudian-based Arch Capital has announced the expansion of its Arch CyPro cyber coverage solution into Canada, effective April 1.
Building on Arch’s establis…

Arch Capital’s mortgage insurance business hit the $1 billion mark in underwriting income for a fourth consecutive year.
The Bermudian-based insurer and reinsurer is one of the world’s leading insurer…

At the age of 11, Taitu Kunze was asked to pen an essay on her career aspirations.
In neat handwriting she wrote that she wanted to be a chiropodist and be her own boss.
The veteran podiatrist keeps t…

Specialty underwriter SiriusPoint has appointed Sabra Purtill to its board of directors while Franklin (Tad) Montross IV and Peter Tan have stepped down.
Ms Purtill joined SiriusPoint with 40 years of…

The RG/BSX Index closed unchanged at 3,297.15 as turnover totalled $147,200.
Only Allshores experienced activity on the Bermuda Stock Exchange, with 6,400 shares trading as the price remained at $23.
…

Joseph Barrowclough has been appointed president of Bermuda reinsurance at US insurance and investment firm Prudential Financial Inc.
In the role, he will oversee Gibraltar Re and Lotus Re, PFI’s two …

Matthew Kirk has taken over as chief financial officer of Axis Capital, completing a planned transition, the company said.
The Bermudian-based specialty insurer and reinsurer announced that Mr Kirk wo…

Bermuda’s courier companies transported more than $200 million worth of goods to the island last year, fuelled by the exploding trend of internet shopping, government figures show.
The latest retail s…

The Bermuda Monetary Authority has issued a prohibition order against Joakim Samuelsson, a director and controller of Custodian Life, barring him indefinitely from holding senior roles in the island’s…

Athora Holding Ltd plans to move its corporate and legal headquarters from Bermuda to London by the end of 2027.
The announcement came as Athora confirmed the completion of its acquisition of Pension …

Marex Group, a financial-services company based in Britain, plans to move its holding company’s legal domicile to Bermuda.
The company announced outlined the plan in an investor day in New York, when …

Astronauts embarking on a mission to the moon next Wednesday will be monitored by Bermuda’s tracking station on Cooper’s Island.
The National Aeronautics and Space Administration Artemis II test fligh…

More than 100 road crash victims have to be treated in hospital every month, it was revealed in Parliament yesterday.
Kim Wilson, the health minister, told MPs that more than 3,760 people were admitt…

Lately, I have been getting a number of questions about the best way to save money. As many readers of my column have pointed out, they have no trouble coming up with reasons or ways to spend their mo…

Dear Dave,
I’m 65 years old, and I work part-time. My wife is 59, and she works full-time earning about $160,000 a year. We’re both self-employed, so at what point do we stop buying term life insuranc…

The Royal Gazette/BSX Index closed unchanged on 3,297.15 today after a day of no trading activity.
For the week, the index climbed 2.1 per cent, driven by a 2 per cent rise in the share price of Butte…

Conduit Holdings Ltd has appointed three senior insurance figures to its board in an effort to strengthen governance as the Bermudian-based reinsurer continues its expansion.
The company, which is lis…

Nandi Davis, co-owner of Bananas Party has a reputation for arranging elaborate gatherings.
Her last event, held at the Fairmont Hamilton Princess hosted 400 people and included a custom-designed wate…

Life and annuities insurer Athene borrowed nearly $23.3 billion from the Federal Home Loan Bank system in the US last year.
The FHLB’s financial report for 2025 shows that Athene, which is owned by pr…

AM Best has removed Sompo Japan Insurance and its subsidiaries from under review with positive implications and affirmed its financial strength rating of A+ (superior) and its long-term issuer credit …

A Bermudian-regulated digital assets firm has secured commitments for a capital raise of up to $217 million as it looks to expand its institutional business and technology platform.
XBTO said the fund…

Bermudian-based Paratus Energy Services Ltd has agreed to sell its offshore drilling and jack-up rig business in a deal valued at about $400 million, as it sharpens its focus on subsea services.
The c…

Black Gold Re, the Bermudian-based captive reinsurer of Colombian state energy company Ecopetrol, has had its financial strength rating upgraded to A- (excellent) from B++ (good) by AM Best.
The credi…

Howden Re has warned of the potential for the closure of the Strait of Hormuz to affect the broader reinsurance market.
The effect of the escalating conflict in the Middle East has already been somewh…

Pinion Insurance, a newly-formed, technology-enabled specialty insurer, announced that Chris Jones has joined the company as group chief financial officer.
Based in London, Mr Jones joins a founding l…

Bermuda College students have been given a chance to launch their re/insurance careers at the Association of Bermuda Insurers and Reinsurers’ Risk Forum next month.
Abir’s education partners, The Inst…

The construction industry could be facing an unusual concentration as demand is becoming increasingly intense.
The sector is already busy with major projects at the 130,000 sq ft, solar-powered, multi…

After five months of closure Chiko’s restaurant and catering service is back and in a new location.
Owner Michiko Campbell has reopened on the second floor of the Bermudiana Arcade in Hamilton sharin…

Speciality underwriter SiriusPoint has announced new collaboration with one of the largest landlord insurance specialists in the United States.
Bermudian-based SiriusPoint will provide capacity to Ste…