Royal Gazette

Canopius declined to renew several large Bermuda contracts during the first half of the year after deciding that the prices offered were too low.
The speciality re/insurer said it is still committed t…

Everest Group, the Bermudian-based global specialty reinsurer and insurer, is selling its business in Mexico to Fairfax Financial Holdings.
The sale of Compañía de Seguros Generales Everest México fol…

Most college students spend their freshman year adjusting to campus life; Bermuda resident Maxwell Totten spent it creating a video game company.
The Warwick Academy graduate was part of the team behi…

Vantage Group posted a $20 million profit for the second quarter — a 45 per cent year-over-year decrease, driven by war-related losses and adverse reserve development.
These were the first full-quarte…

Valaris returned to profit in the second quarter as it prepared to complete its $5.8 billion merger with Transocean before the end of the year.
The Bermudian-domiciled offshore drilling firm reported …

Axis Capital has agreed to acquire the renewal rights to Dual North America’s excess liability business to strengthen its casualty operations in the United States.
The transaction will give Axis, the …

DHT Holdings has reported a record-breaking six-month profit of $362.9 million, equivalent to $2.25 per share, breaking its 2020 record of $266.3 million.
The Bermudian-domiciled oil tanker operator f…

Hiscox has reported a 30 per cent increase in its insurance service result for the first half of the year as premium growth and better underwriting offset a steep decline in investment returns.
The Be…

More than $13.2 million worth of Allshores stock was traded on the Bermuda Stock Exchange today.
The insurer gained $1, or 3.6 per cent, to close on $29, as 455,494 shares changed hands.
With Allshore…

Stephen Weinstein’s new Florida insurer has been shortlisted for an industry publication’s 2026 Start-Up of the Year award.
The St Petersburg-based property insurer, Mangrove Property Insurance Compan…

US insurers have more than doubled their holdings of hard-to-value bonds over the past decade, with the life re/insurers spearheading the growth.
A new report from AM Best finds that the life sector a…

Beazley has soared past its early targets for property treaty business in Bermuda less than four months after it started underwriting from the island.
The specialist insurer said demand for the new o…

LOM Financial announced a three-year charitable partnership with the Sargasso Sea Commission, the non-governmental organisation dedicated to the conservation of the Sargasso Sea.
The Bermudian-based i…

Bermudian-based bond insurer Assured Guaranty and its operating subsidiaries have had their credit ratings affirmed by KBRA.
These include the insurance financial strength ratings of AA+ for Assured G…

Insurers are turning to catastrophe bonds to pass on historic levels of wildfire risk to the capital markets.
Issuance of cat bonds that include exposure to wildfires has already soared to more than …

Bermuda is on the verge of welcomed improvements in tourism numbers with the expected opening of the Fairmont Southampton in the months ahead.
But continued weaknesses in public transport brings conce…

In a recent column, I wrote that recruitment in Bermuda has become a competition to persuade already-employed people to leave jobs they are not desperate to leave. There is a quieter version of that s…

International General Insurance Holdings reported a 63 per cent fall in second-quarter earnings after seeing losses linked to the war in the Middle East.
The Bermuda-based speciality insurer posted se…

The Royal Gazette/BSX Index rose 184.22 points, or 4.91 per cent, on the Bermuda Stock Exchange to close at 3,939.03.
Butterfield Bank saw 5,200 shares trade, ending the day at $61.25, up $3.20 or 5.5…

Axis Capital has appointed Jennifer Davies as active underwriter for Axis Syndicate 1686.
Ms Davies will be responsible for overseeing all underwriting and related business activities of Syndicate 168…

Kevin Donovan is the new head of underwriting, property binders at The Fidelis Partnership.
Mr Donovan is now leading TFP’s delegated authority property business.
The firm said he brought with him a s…

Agam Capital and Sompo Life Re have entered into a multiyear service agreement to support the operations of a new, Bermuda-domiciled life-reinsurance platform.
Life Re engaged and collaborated with Ag…

Global bank HSBC Holdings announced net income of $10.1 billion for the second quarter.
The London-headquartered lender, which also operates one of Bermuda’s largest retail banks, said results were bo…

Goldman Sachs has partnered with Talcott Financial to set up a new reinsurance vehicle in Bermuda.
West Grove Re, the latest life insurance sidecar to set up on the island will take a share of Talcott…

A Bermudian investment company has lost a long-running tax dispute with UK tax authorities after a tribunal ruled that, despite being incorporated and administered in Bermuda, its central management a…

Fernando De Deus was left both sheepish and proud when the artificial intelligence agent he designed to protect his computer perceived him as the threat and locked him out.
The chief executive of ma…

Bermudian-based Athora is closing in on a deal to sell its German unit to Frankfurter Leben, the life insurance consolidator controlled by China’s Fosun International, people with knowledge of the pro…

Nissan’s Bermudian-based captive insurer has seen the outlook on its credit ratings lowered to negative from stable by AM Best after a five-year period in which the dividends it paid to its parent com…

Carey Olsen Bermuda is inviting law students, recent graduates, and anyone interested in pursuing a career in law to attend a student reception and open house on Tuesday 18 August 2026.
Attendees will…

The Royal Gazette/BSX Index closed unchanged on 3,754.81 in the absence of trading activity on the Bermuda Stock Exchange.
Meanwhile, Butterfield Bank’s US-listed shares gained 86 cents, or 1.4 per ce…

LOM Financial reported a 14.7 per cent fall in first-half earnings despite higher revenue, as rising operating costs outpaced growth in its core wealth management and brokerage businesses.
The Bermuda…

Allied World and Brit, which both have operations in Bermuda, helped drive premium growth for parent company Fairfax Financial Holdings in the second quarter.
Fairfax, a Canadian holding company, said…

Talcott Financial Group, an international life insurance group which has a reinsurer in Bermuda, has announced a $6.3 billion reinsurance transaction with American annuities provider and life insurer …

Coralisle Group welcomed students from six jurisdiction for its internship programme.
This year’s cohort included Zynesia Nisbett, NKeeme Williams, Ava Gabai-Maiato, Matthew Ingelman, Jya Ratteray-Smi…

When the Botanist Café & Garden Lounge first opened in the Botanical Gardens in Paget, some people worried that a mile from town was way too far from the main drag.
They were wrong.
As it turned…

Alea Group Holdings (Bermuda) Ltd, part of the Catalina insurance group, has filed for Chapter 11 bankruptcy protection in Texas alongside two of its American affiliates.
The Chapter 11 cases, made pu…

Dear Dave,
The church I attend encourages people to do their tithes through using credit cards and debit cards. How do you feel about this?

— Tae

Dear Tae,
As you may have heard, I’m against debt…

A recent topic that has circled the Seely homestead in recent weeks is life insurance, as our annual premium payments were due and whether the policies we purchased 18 years ago for specific purposes …

PartnerRe generated net income of $447 million in the first half of 2026 as strong underwriting performance across its non-life business and higher investment income offset unrealised losses on its in…

Everest Group recorded second-quarter net income of $559 million, down more than 17 per cent from the same period last year.
The Bermudian-based re/insurer’s profit broke down to $14.22 per diluted sh…

Teekay Corporation reported sharply higher second-quarter earnings as its subsidiary, Teekay Tankers, delivered the strongest adjusted quarterly profit in its history amid record spot tanker rates.
Th…

SiriusPoint posted a 44 per cent increase in earnings in the first half of 2026 and continued to expand its insurance business while scaling back reinsurance exposure.
The Bermudian-based specialty in…

Conduit Holdings reported comprehensive income of $80.3 million for the first half of the year as the Bermudian-based company joined other re/insurers in shifting away from property business amid the …

Shares of Allshores rose 3.3 per cent in Bermuda Stock Exchange trading on Wednesday. The insurer climbed 90 cents to close at $28 as 2,800 shares changed hands.
The Royal Gazette/BSX Index gained 8.8…

Lancashire Holdings increased first-half profit by 30 per cent as lower catastrophe losses outweighed declining premiums and softer insurance pricing.
The Bermudian-based speciality re/insurer reporte…

Orbis’s local investment team has won the prestigious fund manager of the year award from UK financial publication Investment Week for the fourth year in a row.
The firm won the award for the managed …

Banyan Risk, the specialty managing general agent (MGA), has launched a new digital assets and emerging risks product in Bermuda, with underwriting capacity provided by QBE Lloyd’s Syndicate 1886 and …

AXIS Capital reported second-quarter net income of $251 million, or $3.38 per diluted common share – up 16 per cent year over year.
The Bermudian-based specialty underwriter also reported operating in…

Legacy and runoff specialist, RiverStone International, which has an office in Bermuda, has signed a second loss portfolio transfer reinsurance agreement with Pacific Valley Insurance Company.
Pacific…

Arch Capital Group reported second-quarter net income of just over $1 billion, down 14.6 per cent year over year.
The Bermudian-based insurer and reinsurer said net income available to common sharehol…