Royal Gazette

A subsidiary of Bermudian-based Coralisle Group plans to hike premium prices for its most basic health insurance plan in the Cayman Islands by 25 per cent, sparking a review by regulators.
More than 1…

A subsidiary of Bermudian-based Coralisle Group plans to hike premium prices for its most basic health insurance plan in the Cayman Islands by 25 per cent, sparking a review by regulators.
More than 1…

Bermudian-based Pacific Life Re has announced its third asset-intensive block reinsurance deal with Japanese life insurer Anshin Life, a subsidiary of Tokio Marine Holdings.
The deal follows transacti…

Bermudian-based Antares Re is backing a reinsurance offering from a US-based managing general agency.
Distinguished Programmes announced its expansion into the reinsurance market with the addition of …

Alex Brodgen has joined Bermuda life reinsurer InEvo Re as chief underwriting officer.
Mr Brogden joins from Monument Re, another Bermudian-based life reinsurer, where he worked for more than nine yea…

Walkers, the international legal and professional services firm, is celebrating ten years of doing business in Bermuda.
Starting as Taylors in association with Walkers on January 4, 2016, Walkers imm…

International General Insurance Holdings Ltd expects to launch operations in India this year.
The Bermudian-based specialty insurer and reinsurer announced it had secured registration approval from th…

Former premier Sir John Swan urged Bermudians to take care of their island and one another in a touching letter that was released posthumously this afternoon.
The statesman highlighted his “unwavering…

Starlink, the satellite broadband provider operated by Elon Musk’s SpaceX, has been providing service in Bermuda, even though not yet approved by the Regulatory Authority of Bermuda.
While waiting for…

Global insured catastrophe losses could approach $186 billion annually by 2030, creating more demand for risk-transfer products, according to new research from Swiss Re.
The institute estimates that t…

A leading insurer has warned that the reinsurance industry may be seriously underestimating earthquake losses because catastrophe models fail to account for a little-known phenomenon known as a supers…

Eric Andersen landed a job that most insurance executives would have long considered too good to be true: leading a strong AIG.
Thanks to a dramatic turnaround under his predecessor, Peter Zaffino, Am…

KPMG in Bermuda has awarded three scholarships to Bermudian students pursuing careers in accounting, insurance and financial services.
The firm announced that William Spriggs III received the KPMG Sch…

Let’s face it, planning for retirement can be confusing. The stock markets go up and down, and prices keep rising for everything from a carton of eggs to laundry liquid. Saving for retirement can fee…

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I’m 25, and I work as a property manager making $65,000 a year. I’m in the middle of paying off my debts, but I’m struggling to stay intense about it. I’m in a long-distance relationship th…

The Royal Gazette/BSX Index climbed 2.44 per cent today to 3,571.75 as two listed companies traded.
Shares of Butterfield Bank gained $1.50, or 2.8 per cent, on the trading of 400 shares, to close on …

Vantage Group Holdings has completed its acquisition by Howard Hughes Holdings in an all-cash transaction valued at approximately $2.1 billion.

The deal, which was first announced in December, rec…

Butterfield Bank’s participation at the Bermuda Captive Conference included a portion of their exhibit dedicated to promoting Bermuda’s PGA Tour event, held every autumn at the Port Royal Golf Course …

Tawana Tannock told delegates at the Bermuda Captive Conference the story of how Bermuda has emerged as a leader in the maritime liability reinsurance business.
The managing director of the Skuld Berm…

As artificial intelligence grows in usage, so does the risk, an audience at the Bermuda Captive Conference heard.
An informal poll at the event at the Hamilton Princess & Beach Club found that alt…

The United States-China relationship is a dominant factor that will impact everyone for a generation, a banking executive told the Bermuda Captive Conference.
Andrew McDougall, Barclays’ group managin…

A Paradise Mobile initiative will foster small business development that will bring new ideas to market.
It is part of a rethink of upstairs offices that the company now sees as event space at its 24 …

Cedar Trace has appointed Chris Wilson as managing director of Cedar Trace Capital Management, its insurance-linked securities and investment management platform.
Mr Wilson, who is based in Bermuda, w…

The RG/BSX Index plummeted 111.87 points, or 3.11 per cent, to close at 3,486.57.
Five thousand, five hundred Butterfield Bank shares changed hands on the Bermuda Stock Exchange to end the day at $54,…

Resolution Life has closed three transactions in Asia, the Bermudian-based reinsurer announced, covering policies in Hong Kong and Japan.
The deals continue the trend of Asian life insurers offloading…

The Fidelis Partnership has launched a new consortium capable of providing up to $345 million of cover per risk globally, as insurers respond to soaring demand for war, terrorism and political violenc…

Elizabeth Hathaway, a board-certified consultant psychiatrist, has joined Solstice.
Dr Hathaway’s specialist expertise in geriatric psychiatry strengthens support for older adults, families and caregi…

Bermudian-based oil tanker operator DHT Holdings has ordered a huge new vessel from a South Korean shipyard. At the same time, DHT announced a new $250 million revolving credit facility.
DHT’s agreeme…

Shares of Allshores traded on the Bermuda Stock Exchange today, closing with the price unchanged on $24 as 2,021 of the insurer’s shares changed hands.
The Royal Gazette/BSX Index closed unchanged on…

PwC Bermuda has announced a five-year commitment to support the Living Reefs Foundation, providing professional services and financial assistance aimed at protecting and restoring the island’s coral …

Mereo Insurance Ltd has started underwriting excess casualty energy policies acquired through a renewal rights transaction with Everen Specialty Ltd. It is the latest step in the Bermuda insurer’s exp…

Arch Capital Group has expanded the responsibilities of Maamoun Rajeh as part of a leadership restructuring that consolidates oversight of its three operating segments under a single president.
The Be…

Bermuda is focused on maintaining internationally recognised regulatory standards that promote confidence, stability and transparency, Jason Hayward told delegates at the Bermuda Captive Conference.
T…

Bermudian-based Convex Group has launched Kinetic Insurance Services, a UK-based managing general agency.
Kinetic, a wholly owned subsidiary of Convex, will be led by Theo Butt, former chief executive…

Arch Capital Group Ltd is offering $2 billion of debt in two senior note issuances.
The Bermudian-based insurer and reinsurer, a Class of 2001 start-up that is today a constituent of the S&P 500, …

As a semi-industrial area, Serpentine Road, Pembroke, can be busy with truckers, warehouse workers and tradespeople buzzing through at an early hour.
To cater to the area’s needs, Fire & Slice Piz…

Thomas McMahon was awarded the 2026 Fred Reiss Lifetime Achievement Award, recognising his outstanding contribution to Bermuda’s captive insurance industry.
Mr McMahon received the award, the highest …

A new framework that would allow foreign banks to offer services in Bermuda through a local agent is one of the ideas floated by the Bermuda Monetary Authority in a discussion paper on the future of b…

Students and interns from Bermuda, Canada, the United States and Britain have been learning about the industry from experienced professionals during the Bermuda Captive Conference.
Those studying for,…

Shares of Butterfield Bank gained 1.8 per cent in Bermuda Stock Exchange trading today. The bank climbed $1 to close on $56 on the trading of 5,756 shares.
The Royal Gazette/BSX Index climbed 57.57 p…

Trebuchet Group Holdings Ltd has appointed Heather Bisbee as group finance director.
The Bermudian-based firm described Ms Bisbee as “an experienced senior financial manager with high-level experience…

Brookfield Renewable Partners, a Bermudian-based limited partnership, has agreed to issue C$150 million (approximately $108.4 million) of preferred units, yielding 5.75 per cent, to the investing publ…

Arch Capital Group has launched a tender offer to buy back up to $350 million of outstanding debt securities from investors.
The offer from the Bermudian-based insurer and reinsurer applies to its 5.1…

Pinnacle Actuarial Resources, an American actuarial services firm, has acquired Bermudian-based Ordinance Holdings and the renewal rights for clients of Canadian firm Grape Bay Actuarial Consulting, e…

Thomas McMahon was today awarded the 2026 Fred Reiss Lifetime Achievement Award, recognising his outstanding contribution to Bermuda’s captive insurance industry.
Presented annually at the Bermuda Cap…

The Royal Gazette/BSX Index closed unchanged on 3,540.87 today.
Allshores was the lone issuer to see trading activity. The insurer closed unchanged on $24 on the trading of 34 shares.
The US-listed sh…

British-based specialty insurer Beazley plans to relocate an executive to Bermuda as its builds out its team on the island and prepares to move into the new office building at 91 Front Street.
The com…

Axis Capital Holdings has made Austin Su head of alternative risk, North America.
Mr Su will lead the development and execution of Axis’s alternative risk and structured casualty strategy across North…

Technological breakthroughs engineered by Paradise Mobile teams should be shared with the industry, a company executive has told The Royal Gazette.
Zlatko Zahirovic, Paradise cofounder and chief techn…