Royal Gazette

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…

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…

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…

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&…

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…

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…

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…

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…

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 …

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…

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…

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…

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 …

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…

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…

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, …

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 …

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…

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…

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…

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 …

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…

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…

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…

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…

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…

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…

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…

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…

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…

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 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 …

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…

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…

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…

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…

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…

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 …

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 …

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…

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…

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…

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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 …

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…

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,…

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…

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…

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 …

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 …