Royal Gazette

Mosaic Insurance is building out its financial institutions and professional liability teams with key hires to drive expansion of finpro lines across North America.
The growth follows Mosaic’s hiring …

The RG/BSX Index dipped 2.84 points (0.09 per cent), closing at 3,340.03.
On the Bermuda Stock Exchange, 1,000 shares of insurer Allshores traded, with the price falling 29 cents (1.3 per cent) to $21…

Encouraging fresh talent into the re/insurance industry will be the focus of the Future Leaders Forum, organised by the Bermuda Business Development Agency as part of next week’s Bermuda Risk Summit.
…

Softening conditions in the reinsurance market call for companies to balance discipline with pursuing growth opportunities, says EY.
The professional-services firm has released its Reinsurance Outloo…

Global reinsurer Ariel Re today announced two promotions in its property underwriting team.
Sarah Morgan will become head of property, effective April 1. Ms Morgan, has been in the property underwriti…

Dockyard entrepreneur Hilton Brown’s sightseeing tour careens down Bermuda’s winding roads at breakneck speed, pausing at spots such as Crystal Caves, Woodys or the Swizzle Inn.
An invisible driver sh…

The Corporation of Hamilton has achieved the Investors in People “We Invest in People” standard accreditation for the period February 13, 2026, to September 30, 2028.
Investors in People is a globally…

QBE has started writing primary insurance through its Bermuda operations and has appointed two underwriters to lead the business.
The insurer and reinsurer’s new business will focus on property and ex…

Shares of LOM Financial Ltd rose 3.9 per cent in Bermuda Stock Exchange trading today.
The brokerage and investment firm gained 30 cents to close on $8, as 15,000 shares changed hands.
Allshores was t…

Beazley is touting its Bermuda underwriting platform as a key part of its growth strategy as the speciality insurer navigates more competitive pricing and prepares for a takeover by Zurich Insurance G…

Florida’s state-backed insurer Citizens Property Insurance Corp is planning about $3 billion in reinsurance and catastrophe bond protection for the 2026 hurricane season as its exposure continues to s…

US President Donald Trump has said the United States will offer federally-backed insurance coverage for maritime trade in the war-affected area of the Middle East.
The political risk insurance and fin…

More than 1,100 people attended the Bacardi Black-owned Vendor Market, which generated more than $31,000 in recorded sales.
Fifty Black-owned Bermudian businesses across food, retail, beauty, artisan …

A car fire on Middle Road in Warwick caused police to steer traffic away from the area yesterday afternoon.
A Bermuda Police Service spokesman said no injuries were reported in connection with the inc…

Multiple insurance lines are set to be tested by the impact of the developing conflict in the Middle East, according to international law firm Kennedys.
The firm, which has an office in Bermuda, sees …

British insurer Beazley, which set up an underwriting platform in Bermuda last year, has agreed to the terms of ​an $10.8 billion all-cash takeover bid from Zurich Insurance Group, the ‌companies anno…

The RG/BSX Index fell 10 points to close at 3,340.60 today.
Allshores traded 6,412 shares to dip a single penny on the Bermuda Stock Exchange with a turnover of $139,755.48.
Meanwhile, Butterfield fel…

The largest shareholders of Nordic American Tankers are now Herbjorn Hansson, founder, chairman and chief executive of the firm, and his son.
In a letter to shareholders and investors Herbjorn Hansso…

Veteran real estate agent Margaret Young has been named 2025 top producing agent at Rego Sotheby’s International Realty in the firm’s annual staff awards.
Ms Young has been in the real estate industry…

SS&C Technologies will hold its fourth SS&C Bermuda Thought Leadership Day on March 9.
The breakfast event, from 8:30am to 11:30am at Huckleberry, at the Rosedon Hotel in Hamilton, will featur…

Bermudian insurers and shipping companies are feeling the impact of war in the Middle East.
Several insurers, such as Mosaic and Relm, have offices in the region, while others such as Skuld and Gard P…

The RG/BSX Index climbed 88 points (0.03 per cent) to end the day at 3,340.50.
Only Allshores saw activity on the Bermuda Stock Exchange with 10,050 shares trading to close at $21.79, up 9 cents (0.4 …

In the wake of accelerated conflict in the Middle East, insureds are advised to carefully review their terms and conditions regarding business interruption insurance to ensure that they are aware of a…

The cryptofinance firm XBTO is partnering with Bermuda Commercial Bank to transform XBTO’s American dollar payment infrastructure.
XBTO announced the new relationship with BCB on their LinkedIn page y…

A centralized management platform for the life and annuity sector has officially launched in Bermuda.
Foundry Insurance Services Ltd is dedicated to providing services, including investment, risk and…

Fidelis Insurance Group has agreed to pay $163.3 million to repurchase all the remaining shares held by one of its founding investors.
The deal will see Fidelis repurchase 8,597,170 common shares at $…

FRANKFURT, Germany (AP) — Oil prices rose sharply Monday as disruptions in tanker traffic through the Strait of Hormuz chokepoint raised uncertainty about how US and Israeli attacks on Iran would aff…

FRANKFURT, Germany (AP) — Oil markets currently closed for the weekend are set to see price swings next week as the impact from the US and Israeli strikes on oil supplies from the Middle East remains …

The Bermuda Business Development Agency will bring together three global reinsurance CEOs for a headline session at the upcoming Bermuda Risk Summit 2026.
“The State of Reinsurance: Balancing Risk, Re…

HSBC reported stronger underlying earnings in 2025 but lower statutory profit after one-off charges and impairments weighed on headline results. The bank said profit before tax excluding notable items…

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A mystery building issue forced a popular Front Street eatery to temporarily shut its doors yesterday.
Holger Eiselt, managing director of Take Five, which operates One29, spoke after pieces of fire-…

For most parents, few moments compare to the pride of watching your child graduate from high school, knowing this is the moment they step into the real world, ready to pursue the dreams they have onl…

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I’m 50 years old, and through a series of bad life decisions, I have nothing set aside for retirement. Now that I’m finally in a better place financially, I’m getting to the age where peopl…

The RG/BSX Index fell 5.76 points (0.17 per cent) to 3,339.62 today, after 2,000 Bank of Butterfield shares traded, closing on the Bermuda Stock Exchange ten cents (0.2 per cent) lower at $52.
Only on…

Assured Guaranty Ltd delivered a year of sharply higher earnings and record per‑share value metrics in 2025, highlighting strengthened new business production and continued share repurchases, in a sta…

Hamilton Insurance Group Ltd reported record net income of $576.7 million for 2025 and declared a $206 million special dividend to shareholders, even after absorbing nearly $160 million in catastrophe…

Brit Insurance’s full-year, after-tax profit surged 36.2 per cent to $651.8 million, helped by a strong performance from its growing Bermudian-based reinsurance unit.
The London-headquartered group, w…

Mosaic has partnered with Munich Re to launch insurance cover for artificial intelligence models that make mistakes or underperform.
The Bermudian-based firm said it has partnered with Munich Re’s aiS…

The RG/BSX Index dropped 0.98 (0.03 per cent) to 3,345.38 as Allshores dropped ten cents (0.5 per cent) to $21.70 after 6,800 shares traded on the Bermuda Stock Exchange, valued at $147,560.
The Bank …

The Bermuda Captive Conference, scheduled for June 1- 3 at the Hamilton Princess & Beach Club, will feature a dedicated half-day forum “reserved exclusively for captive owners, by captive owners”….

WeSpeak Bermuda has strengthened its longstanding partnership with Butterfield Bank, which has become a platinum partner.
Butterfield’s support will help WeSpeak to expand its programming and deepen i…

Two major United States winter storms are expected to make the first quarter of 2026 an above-average catastrophe period, according to AM Best, although the ratings agency said most of the losses are …

A Powerhaus Pilates and Treehouse workshop on Sunday March 8 is aimed at introducing Pilates to men, in a hands-on 90-minute session at the Treehouse Yoga premises on Trott Road in Hamilton.
The sessi…

The Bermuda Chamber of Commerce has raised concerns over the proposed transfer of consumer protection functions to the Regulatory Authority.
The changes were suggested in last Friday’s Budget Statemen…

Investigative journalists tracking Russia’s trade deals since its attack on Ukraine have published an extensive report on its trade through British Overseas Territories, in which Bermuda features seco…

Fidelis Insurance Holdings reported that its full-year net income rose nearly 10 per cent to $225.5 million.
Underwriting income totalled $117.2 million, as gross premiums written increased 7.1 per c…

Fitch Ratings has upgraded the ratings of SiriusPoint, including the insurer financial strength rating of its operating subsidiaries to A (Strong) from A-, its long-term issuer default rating to BBB+ …

Relm Insurance has launched two scholarship programmes in Bermuda and the United States aimed at building early-career talent in insurance, risk and emerging industries.
The speciality insurer said th…

The Royal Gazette/BSX Index closed unchanged on 3,346.36 yesterday after no shares traded on the Bermuda Stock Exchange.
On the New York Stock Exchange, Butterfield Bank’s share price gained 86 cents …