Royal Gazette

The RG/BSX Index finished up 11.76 points, or 0.36 per cent, to close at 3,297.15 with a turnover of $34,500 on the Bermuda Stock Exchange.
Allshores was the only issuer to see trading activity on the…

Centennial Bermuda Foundation, Bermuda’s largest private philanthropic organisation, has appointed Melissa Butler to its board of directors.
Dr Butler will also serve as chairwoman of the Community He…

Convex Group has announced that Stephen Catlin, the company’s cofounder, has stepped down as chairman.
The international specialty insurer and reinsurer, today said Mr Catlin will remain a director an…

The MoonGate Group has once again distributed its “We Care Packages” to vulnerable people in the community.
The inaugural campaign began in 2020 with a distribution of 100 packages, but due to the de…

Apex Group, a leading global financial services provider founded in Bermuda, announced a strategic partnership with Omnes to tokenise its Omnes Mining Note (OMN).
Omnes, which is based in Luxembourg,…

The Minister of Economy and Labour celebrated the impact of Bermuda’s entrepreneurs over the weekend during a business awards ceremony.
Jason Hayward told attendees of the Bermuda Economic Development…

100 Women in Finance marked its official relaunch in Bermuda with an event titled: Careers that Compound: Industry Insights and New Year Networking.
This brought together professionals from across the…

The RG/BSX Index remained idle at 3,285.40 today, with no trading on the Bermuda Stock Exchange.
Overseas, Butterfield Bank closed 22 cents (0.42 per cent) lower at $51.57 on the New York Stock Exchan…

Mosaic Insurance plans to close its Singapore office in a consolidation of its operations servicing Asia and the Middle East.
Under the restructuring, Benn Wilson, chief executive officer of Mosaic Si…

Ariel Re announced today a number of promotions across its Bermuda and London offices.
The Bermudian-based global reinsurance business said it continued its stated mission to be an “academy firm”, a …

Bermudian trichologist and physician Kyjuan Brown has expanded his hair restoration practice, Dr Brown’s Group, to include “the most expensive mile” in Africa.
He has just kicked off the development o…

Yellowfin Group Ltd, the Hamilton restaurant group, expects to soon reopen businesses in Chancery Lane and get restaurant and bar operations back to normal, with the impending completion of Brookfield…

Businesses who wish to take part in the RG Top Ten Employers 2026 competition, presented by PwC, now have more time to enter.
The deadline to register has been extended to April 17.
The awards scheme …

Bermudian-based oil tanker operators are seeing their profit margins soar as the energy crisis sparked by the war in the Middle East boosts demand for their services.
Share prices of companies includi…

Compre Group Holdings, the Bermudian-based international specialty reinsurance group, has entered into an adverse development cover transaction with a European-domiciled reinsurance entity, providing …

Laura Farge-Lowe and mother, Gillian Farge, decided to help the Bermuda Red Cross after navigating life with a family member who has dementia.
Island Trading managing director Ms Farge-Lowe said: “W…

Butterfield Bank shares rose 2 per cent in Bermuda Stock Exchange trading today. The bank closed $1 higher at $51 on the trading of 15,201 shares.
The only other issuer to trade was Allshores. The ins…

Global specialty insurer and reinsurer Everest Group has agreed to sell its Canadian retail insurance operations to the Wawanesa Mutual Insurance Company.
The transaction is expected to close in the s…

Years after the others fell, the 110-year-old Gibbons Company remains Bermuda’s sole remaining version of the typical department store, serving generations of Bermudians with everything from clothing …

Strong catastrophe reinsurance results are leading to growth in Bermuda’s market, but competition may increase as new capital enters the sector, according to the latest Lloyd’s of London annual repor…

PartnerRe posted net income of $2.1 billion in 2025, up more than 45 per cent from 2024.
The Bermudian-based reinsurer, which is privately owned by Covéa, the French-based global insurance group, said…

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My wife and I are in our mid-thirties, and the only debt we have is a combined $15,000 in student loans and credit card payments. We’ve got almost $100,000 in our pension plans, plus we hav…

It is crazy. Suddenly, you hit your early fifties and are now talking about what retirement means to you. I still feel too young to even think about it, albeit the reflection in the mirror tells anot…

Allshores rose one cent on the Bermuda Stock Exchange today as 5,754 of the company’s shares changed hands. The insurer closed on $21.80.
Six thousand shares of Butterfield Bank also traded, leaving t…

Chubb, the Swiss-based global insurer with offices in Bermuda, has outlined the structure of the US-supported plan to provide a maritime insurance backstop to encourage shipping to restart in the Midd…

The King may visit the island next month as part of a trip to the United States, British media have reported.
King Charles III’s trip is expected to include a stop in Washington, where a packed schedu…

The Bermuda Monetary Authority approved the registration of four new insurers in February.
The BMA’s Insurance Assessment and Licensing Committee reviewed a total of five applications, deferring one. …

Shares of Butterfield Bank fell 50 cents, or 1 per cent, on the Bermuda Stock Exchange today.
A total of 10,256 of the bank’s shares traded for $512,800.
The Royal Gazette/BSX Index fell 28.78 points,…

A streamlined process designed to accelerate the conditional pre-approval process for new investment fund applicants has been introduced by the island’s financial regulator.
The Bermuda Monetary Autho…

Kindley Re, the Bermudian-based life and annuity reinsurer backed by Davidson Kempner, has secured $250 million in additional equity capital commitments to support its next phase of growth.
The compan…

Signet Jewellers, the Bermudian-domiciled retail group, reported a sharp improvement in profitability for fiscal 2026, as higher margins and pricing gains offset a subdued sales environment.
The comp…

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About 170 people attended the The Bermuda Hospitality Careers Fair today at the Hamilton Princess and Beach Club, and organisers are hoping it will yield better long-term results than in the past.
Wra…

International General Insurance Holdings Ltd has announced a series of changes to its board of directors, including the appointment of a veteran reinsurance executive and the retirement of a long-serv…

Retailers saw their inflation-adjusted sales rise in December, last year’s busiest sales month.
Total local sales amounted to an estimated $124.1 million, up 3.3 per cent from December 2024, with infl…

Freisenbruch Insurance Services Ltd has launched a new benefits advisory practice aimed at helping Bermuda employers navigate rising costs and complexity in employee benefit programmes.
The Hamilton-b…

The Royal Gazette/BSX Index closed unchanged on 3,256.51 today, as no shares traded.
The US-listed shares of Butterfield Bank gained 19 cents, or 0.37 per cent, to close on $50.85 on the New York Stoc…

The Premier says the island is preparing the ground for a digitally native Bermuda dollar, marking an evolution from its earlier stance of relying on privately-issued stablecoins for the blockchain in…

Inflation cooled to 2.4 per cent last December, with the rise in the cost of living driven mainly by transport and foreign travel, and health and personal care.
The Consumer Price Index showed the ove…

The Premier is representing Bermuda during a two-day summit on blockchain in Washington DC.
David Burt was among legislators and industry professionals to discuss digital asset regulation, as well as …

Marsh Risk today announced the launch of BX1, a new insurance facility based in Bermuda and designed to address challenges of growing exposures and complexity in the US casualty insurance market.
BX1…

Bermuda’s fight against climate change has a new weapon — electric vehicle firm Zeroe (zero emissions).
Focusing mostly on larger EVs, Zeroe says it has imported the island’s first commercial-scale el…

The Securities and Exchange Commission (SEC) has issued an interpretation clarifying how the federal securities laws apply to certain crypto assets, and to transactions involving crypto assets.
This …

Wilton Re employees donated more than $50,000 to local charities in 2025, in addition to volunteering their time and talents the life insurer revealed today.
Sylvia Oliveira, chief executive, said Ber…

A tourism and hospitality networking event is taking place tomorrow highlighting new programmes being launched for the upcoming summer season.
The Bermuda Underwater Exploration Institute is hosting t…

The RG/BSX Index was unchanged from 3256.51 today as the Bermuda Stock Exchange remained idle.
Overseas, the Bank of Butterfield dipped 10 cents (0.20 per cent) to close at $50.67 on the New York Stoc…

Alexandra Amat took home the $9,000 grand prize in the Blue Ocean Prosperity Programme Blue Economy Grant Pitch competition.
BOPP and Ignite Bermuda partnered to host the event at Ignite’s Hamilton he…

Allied World Bermuda has announced eight promotions.
Colm Singleton, head of Allied World Bermuda office, said: “Our colleagues consistently deliver excellence, and today we celebrate their individual…

Carrick Group Limited, a Bermudian-based international non-life legacy insurer, has announced the appointment of Matt Brand as head of governance.
Mr Brand spent ten years at Hampden Group, most recen…

Shares of Butterfield Bank rose 3 per cent on the Bermuda Stock Exchange today on light volume. The bank closed on $50.50, up by $1.45, as 178 shares changed hands.
Butterfield was the only domestic-b…