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Royal Gazette

Business / Royal Gazette

College taps Cathy Duffy to lead new insurance course

March 16, 2026

Bermuda College has appointed a senior insurance leader to help develop what is intended to become Bermuda’s first formal academic pathway in insurance.
Cathy Duffy will join Bermuda College in August…
College taps Cathy Duffy to lead new insurance course Read More
Business / Royal Gazette

Retail sales fall for third straight month

March 16, 2026

Retail sales volume fell for a third successive month in November last year, the Department of Statistics reported today.
The 1.7 per cent year-over-year fall in sales at local outlets, adjusted for i…
Retail sales fall for third straight month Read More
Business / Royal Gazette

Inflation to November rises 2.6%

March 16, 2026

Less than one business day after reporting the continuing uptick in inflation for the period to October, the government has today released the figures for November, revealing a continuing trend.
The C…
Inflation to November rises 2.6% Read More
Business / Royal Gazette

SiriusPoint restructures as Gibbs departs

March 16, 2026

SiriusPoint, the Bermudian-based specialty insurer, has announced plans for a restructuring that include combine its existing North America and International programmes businesses into a Global P&…
SiriusPoint restructures as Gibbs departs Read More
Business / Royal Gazette

HSBC: solution for bank card and ATM issues by June

March 16, 2026

HSBC Bermuda has acknowledged that problems have impacted bank cards and automatic teller machines and said they have been pursuing solutions.
The bank has pointed to their network of ATMs as a proble…
HSBC: solution for bank card and ATM issues by June Read More
Business / Royal Gazette

Global standard-setters to speak at Abir Risk Forum

March 15, 2026

The Association of Bermuda Insurers and Reinsurers will host globally renowned standard-setters from the EU, US and UK next month at the Abir Risk Forum.
Speakers at the Hamilton Princess and Beach Cl…
Global standard-setters to speak at Abir Risk Forum Read More
Business / Royal Gazette

BSX falls 5.3% for the week

March 13, 2026

The Royal Gazette/BSX Index closed unchanged on 3,173.04 today, with no trading activity on the Bermuda Stock Exchange.
For the week, the index fell 5.33 per cent, driven by a 5.7 per cent fall in But…
BSX falls 5.3% for the week Read More
Business / Royal Gazette

Inflation hits 20-month high

March 13, 2026

Inflation moved notably higher in the year to October, the latest Government figures show.
Consumers paid 2.5 per cent more in October 2025 than they did a year before for the basket of goods and serv…
Inflation hits 20-month high Read More
Business / Royal Gazette

Retail sales fall by most in more than three years

March 13, 2026

Retail sales volume plunged 7 per cent year over year in October — the largest year-over-year drop in three-and-a-half years.
All of the seven sectors measured in the Department of Statistics’ Retail …
Retail sales fall by most in more than three years Read More
Business / Royal Gazette

Iran war could have silver lining for clean energy

March 13, 2026

The war between Israel, the United States and Iran could be a silver lining for green energy.
Greg Daco, chief economist at EY-Parthenon has that said whether there is increased interest in clean ener…
Iran war could have silver lining for clean energy Read More
Business / Royal Gazette

Island Trading joins single-use plastics programme

March 13, 2026

Island Trading has joined Beyond Plastics Bermuda, receiving the organisation’s Champions Certificate for its efforts to reduce single-use plastics.
Island Trading said that as of January, it has remo…
Island Trading joins single-use plastics programme Read More
Business / Royal Gazette

Government targeting global private wealth

March 13, 2026

The Government is intensifying efforts to attract high-net-worth individuals and private wealth business to Bermuda, according to the Minister of Economy and Labour.
Jason Hayward said initiatives un…
Government targeting global private wealth Read More
Business / Royal Gazette

Middle East conflict could test reinsurers, analysts say

March 13, 2026

Escalating tensions in the Middle East are not expected to trigger immediate credit pressures for global re/insurers, but if the conflict continues, it could have wider market implications, according …
Middle East conflict could test reinsurers, analysts say Read More
Business / Royal Gazette

Businesses call for pause on work-permit English test

March 13, 2026

Restaurateurs have called for the Government to suspend the English test requirement for new work permit applicants.
Hospitality and construction leaders say the test is hampering their efforts to bri…
Businesses call for pause on work-permit English test Read More
Business / Royal Gazette

Fidelis promotes Kapu-Leyland to group general counsel

March 12, 2026

Fidelis Insurance Group has appointed Nicole Kapu-Leyland as group general counsel.
The Bermudian-based speciality insurer and reinsurer said Ms Kapu-Leyland will report to Dan Burrows, group chief ex…
Fidelis promotes Kapu-Leyland to group general counsel Read More
Business / Royal Gazette

US taps Chubb for $20bn maritime insurance backstop

March 12, 2026

The United States has launched a $20 billion maritime reinsurance facility aimed at restoring shipping through the Strait of Hormuz as conflict with Iran disrupts global energy trade.

The programme, …

US taps Chubb for $20bn maritime insurance backstop Read More
Business / Royal Gazette

Investment funds add $5bn in Q4

March 12, 2026

Bermuda’s investment fund sector continued to grow in the fourth quarter of 2025, with total assets rising to about $315 billion, even as the overall number of funds declined, according to the latest …
Investment funds add $5bn in Q4 Read More
Business / Royal Gazette

Butterfield shares edge higher

March 12, 2026

The RG/BSX Index remained unchanged at 3,173.04 with no activity on the Bermuda Stock Exchange.
Meanwhile, Butterfield Bank finished up 22 cents, or 0.44 per cent, on the New York Stock Exchange to cl…
Butterfield shares edge higher Read More
Business / Royal Gazette

Fresh Front Street look for commercial furniture store

March 12, 2026

Space, the rebranded company on the ground floor of 129 Front Street, is focusing on commercial interiors, workplace environments, and large-scale project solutions for Bermuda’s corporate, hospitalit…
Fresh Front Street look for commercial furniture store Read More
Business / Royal Gazette

Parametric insurance can help war-torn countries recover

March 12, 2026

Parametric insurance is a great option for conflict-torn countries, Price Forbes Re executive Tom Johansmeyer said at the Bermuda Risk Summit 2026.
In a panel on the Ukraine war, Mr Johansmeyer, globa…
Parametric insurance can help war-torn countries recover Read More
Business / Royal Gazette

Wave of new reinsurers unlikely to happen again, say Class of 2005 leaders

March 12, 2026

A group of reinsurance leaders involved in launching a wave of new companies in Bermuda 20 years ago believe the island is unlikely to see such a cluster of start-ups occurring again.
All of those on …
Wave of new reinsurers unlikely to happen again, say Class of 2005 leaders Read More
Business / Royal Gazette

Top broker urges more local leadership in insurance

March 12, 2026

A top Bermudian broker believes the next generation of local aspiring insurance executives will forcefully seek career development in the industry.
Jasmine DeSilva is the managing director of Gallaghe…
Top broker urges more local leadership in insurance Read More
Business / Royal Gazette

Butterfield shares gain 0.5% in New York

March 11, 2026

Allshores was the only issuer to trade on the Bermuda Stock Exchange today.
The insurer’s stock price remained unchanged on $21.79 as 10,000 shares changed hands.
The Royal Gazette/BSX Index closed un…
Butterfield shares gain 0.5% in New York Read More
Business / Royal Gazette

Employers urged to file accident report

March 11, 2026

The Occupational Safety and Health Office is advising all employers that it is now past the statutory deadline for submitting the Employer’s Annual Report of Accidents, Occupational Illnesses and Dang…
Employers urged to file accident report Read More
Business / Royal Gazette

Paradise Mobile named island’s fastest mobile network

March 11, 2026

Paradise Mobile has retained its title from online speed testers Ookla as Bermuda’s fastest mobile network.
The award is based on analysis of consumer-initiated Ookla speed test results from devices a…
Paradise Mobile named island’s fastest mobile network Read More
Business / Royal Gazette

Veteran executives join Banyan’s advisory board

March 11, 2026

Banyan Risk has appointed of three highly experienced insurance executives to its advisory board, as the business continues to scale its platform and expand its underwriting ambitions.
John Berger, Bo…
Veteran executives join Banyan’s advisory board Read More
Business / Royal Gazette

Mergers seen as likely for Bermudian life reinsurers

March 11, 2026

Bermuda can expect to see consolidation among its long-term reinsurers in the near future, the Bermuda Risk Summit heard this week.
During a panel discussion on life reinsurance, moderator, Jamie Schm…
Mergers seen as likely for Bermudian life reinsurers Read More
Business / Royal Gazette

AI still assisting rather than decision-making in insurance

March 11, 2026

Artificial intelligence and machine learning are enablers, making space for humans to do more important things, like close the insurance protection gap.
That was the word from Natanje Holt, DXC Techno…
AI still assisting rather than decision-making in insurance Read More
Business / Royal Gazette

Prolonged Iran war would curb growth, says economist

March 11, 2026

Since the war involving Israel, the United States and Iran began on February 26, oil prices have shifted dramatically.
“You go to sleep on a Sunday evening, prices are around $90 per barrel,” said Gr…
Prolonged Iran war would curb growth, says economist Read More
Business / Royal Gazette

Private credit stress fears overblown, say experts

March 11, 2026

Climbing default rates in private credit do not signal that it’s time for investors to panic, experts on a panel at the Bermuda Risk Summit said yesterday.
Many Bermudian re/insurers — especially in t…
Private credit stress fears overblown, say experts Read More
Business / Royal Gazette

Allshores shares gain in BSX trading

March 10, 2026

The RG/BSX Index rose 39 points (0.01 per cent) to close at 3,173.04, with a turnover of $23,969.
Only Allshores saw activity on the Bermuda Stock Exchange with 1,110 shares trading to finish at $21.7…
Allshores shares gain in BSX trading Read More
Business / Royal Gazette

Allshores commits $250,000 to support Home

March 10, 2026

Allshores has committed $250,000 over three years to support the work of charity Home, helping strengthen efforts to prevent and end homelessness in Bermuda.
The multiyear funding will support Home’s …
Allshores commits $250,000 to support Home Read More
Business / Royal Gazette

Government working to speed up work permit process

March 10, 2026

If you think the work permit process in Bermuda takes too long, the Government agrees.
Speaking on the first day of the Bermuda Risk Summit, Jason Hayward, Minister of Labour and Economy said the Gov…
Government working to speed up work permit process Read More
Business / Royal Gazette

Bermuda Press narrows loss

March 9, 2026

The Bermuda Press Holdings Ltd, the parent to the The Royal Gazette, has declared a net loss of $621,000 for the year to September 30, 2025.
The company said the net loss, a major improvement over the…
Bermuda Press narrows loss Read More
Business / Royal Gazette

The world needs Bermuda says Premier

March 9, 2026

In the face of rapid global change, the world needs stable jurisdictions like Bermuda, the island’s leader has said.
Speaking during the opening of the Bermuda Risk Summit at the Fairmont Hamilton Pri…
The world needs Bermuda says Premier Read More
Business / Royal Gazette

Cyber insurance could overtake property and casualty

March 9, 2026

Cyber insurance is moving full speed ahead now that re/insurers have concluded a long debate over the definition of a cyber event.
That was the word from Kathleen Reardon, chief executive of Hiscox Re…
Cyber insurance could overtake property and casualty Read More
Business / Royal Gazette

WiRe names Sophia Greaves Woman of the Year

March 9, 2026

Women in Reinsurance Bermuda has named Sophia Greaves its 2026 Woman of the Year.
The award was presented at the organisation’s International Women’s Day Gala on Friday, which brought together industr…
WiRe names Sophia Greaves Woman of the Year Read More
Business / Royal Gazette

BSX drops 5% as bank stock falls

March 9, 2026

The RG/BSX Index sank 168.83 points (5.08 per cent) to end the day at 3,172.65, with a turnover of $726,424.45.
Butterfield Bank traded 334 shares on the Bermuda Stock Exchange with the price dipping …
BSX drops 5% as bank stock falls Read More
Business / Royal Gazette

Rising US storm losses seen boosting cat-bond market

March 9, 2026

Rising insured losses from severe convective storms in the United States like hail and tornadoes could drive further growth in the catastrophe bond market, a sector largely structured through Bermuda …
Rising US storm losses seen boosting cat-bond market Read More
Business / Royal Gazette

Abir urges EU to revise securitisation rules

March 8, 2026

The Association of Bermuda Insurers and Reinsurers has joined forces with Insurance Ireland to urge European policymakers to revise proposed securitisation rules, warning that the current framework co…
Abir urges EU to revise securitisation rules Read More
Business / Royal Gazette

Government set to build AI pension calculation chatbot

March 8, 2026

The Government intends to launch a pilot project to build an AI-powered chatbot designed to help government employees calculate pension payments more efficiently.
The Near Foundation, a Swiss-based no…
Government set to build AI pension calculation chatbot Read More
Business / Royal Gazette

Personal income tax would be dangerous gamble

March 7, 2026

Bermuda has long positioned itself on the global stage as a sophisticated, distinguished island, ideally structured as a premier domicile for international business.
Its appeal is driven not only by…
Personal income tax would be dangerous gamble Read More
Business / Royal Gazette

Focus on knocking out debt before going back to school

March 7, 2026

Dear Dave,
My husband and I are making great progress in paying off almost $100,000 in debt from student loans and a car loan using your debt snowball system.
Our current combined income is $90,000 a…
Focus on knocking out debt before going back to school Read More
Business / Royal Gazette

Allshores climbs 1.2% on BSX

March 6, 2026

Allshores rose 1.2 per cent to close on $21.75 on the Bermuda Stock Exchange today, as 2,000 of the insurer’s shares traded.
The only other domestic-board issuer to trade was Butterfield Bank, which …
Allshores climbs 1.2% on BSX Read More
Business / Royal Gazette

Lancashire posts $293m profit amid signs of softening rates

March 6, 2026

Lancashire Holdings reported a profit of $293.4 million for 2025 as strong underwriting and investment returns offset major catastrophe losses, while executives at the Bermudian-based re/insurer warne…
Lancashire posts $293m profit amid signs of softening rates Read More
Business / Royal Gazette

BMA marks International Women’s Day

March 6, 2026

The Bermuda Monetary Authority is marking International Women’s Day with an event highlighting the role of mentoring and support in advancing women in the workplace.
The authority said the 2026 theme,…
BMA marks International Women’s Day Read More
Business / Royal Gazette

Summit to highlight growing wildfire risk

March 6, 2026

The Bermuda Risk Summit will feature sessions examining the rising threat of wildfire and conflagration risk as insurers and reinsurers grapple with mounting losses and changing exposure patterns.
The…
Summit to highlight growing wildfire risk Read More
Business / Royal Gazette

Bermuda company joins US mining delegation to Venezuela

March 6, 2026

Gold Reserve Ltd said it has taken part in high-level talks in Venezuela alongside American officials and other mining representatives, marking a potential step towards reopening the country to foreig…
Bermuda company joins US mining delegation to Venezuela Read More
Business / Royal Gazette

Bermuda hosts CFATF and mutual evaluation training

March 5, 2026

Public officers underwent training in preparation for the next Financial Action Task Force Mutual Evaluation, which begins in April.
The FATF mutual evaluations are in-depth country reports analysing …
Bermuda hosts CFATF and mutual evaluation training Read More
Business / Royal Gazette

Women in AI series urges awareness of potential harm

March 5, 2026

Women in AI Bermuda has launched Spot The Harm, a technology series promoting responsible innovation by building local capacity to detect AI-related harms and strengthen ethics in the development and …
Women in AI series urges awareness of potential harm Read More

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