Royal Gazette

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…

The Royal Gazette/BSX Index remained at 3,745.99 for another day.
Only HSBC Holdings experienced activity on the Bermuda Stock Exchange with 1,000 US dollar shares changing hands to close at $16, down…

The insurance-native agentic artificial intelligence company, mea Platform, has appointed Robin Tolla as chief human resources officer.
She joins mea after more than 30 years of experience in Fortune …

PwC Bermuda announced the promotion of three of its staff to director.
The professional-services firm said Danielle Lawrence, Cindy Stewart, and George Owouche have each “demonstrated exceptional lead…

Butterfield Bank’s expansion efforts weighed on second-quarter earnings as nearly $17 million in acquisition expenses — mainly related to its planned acquisition of CIBC Caribbean — cut reported profi…

Aeolus Capital Management, the insurance-linked securities investment manager, has announced a slew of promotions.
The company, which has its headquarters on Wesley Street, Hamilton, has promoted seve…

Khyii Perinchief, a 17-year-old honours graduate of Saltus Grammar School, has been awarded the 2026 Axa XL Scholarship.
The scholarship is awarded to students pursuing an undergraduate degree in re/…

The BAS Group posted annual earnings of $1.29 million as revenue softened.
The company announced that shareholders are set to receive a special dividend as the group pointed to disciplined cost manage…

An event-technology company that has spent five years quietly developing its platform has landed one of the island’s most prominent ticketing contracts.
CiMiNow has been appointed the exclusive digita…

Digicel Bermuda is offering free fibre upgrades to customers still using its copper-based voice services after a four-day disruption shut down businesses and emergency telephone lines across the islan…

Arcadian Risk Capital’s new executive vice-president, Michael Cunney, will lead the company’s expansion into the American miscellaneous professional liability market.
The speciality managing general a…

Google’s transatlantic Nuvem subsea cable has been successfully connected in Portugal, the company announced.
The cable links Myrtle Beach, South Carolina, with Sines, south of Lisbon, via Bermuda and…

More than $1 trillion of American insurers’ holdings are “parked in Bermuda”, according to The Wall Street Journal, as regulators struggle to keep pace with the growing use of complex debt investment…

When I was growing up, one of my favourite books my nanna would read to me was The Very Hungry Caterpillar by Eric Carle. I loved how the book had holes in it, and as you turned the pages, the holes g…

Dear Dave,
My wife and I are on Baby Step 2 of your plan, and we’re paying off our debt as quickly as possible. I’ve even put my motorcycle up for sale for $5,000 to help us get out of debt faster. Th…

Retail sales volume rose 1.1 per cent in February compared with a year earlier, while the value of selected overseas purchases jumped by almost a third.
The Department of Statistics’ report, released …

The Royal Gazette/BSX Index closed unchanged at 3,745.99 in the absence of trading on the Bermuda Stock Exchange today and for the whole trading week.
Meanwhile, the US-listed shares of Butterfield Ba…

The annual rate of inflation eased slightly in February, although households continued to face rising costs for groceries, healthcare and foreign travel.
The Consumer Price Index report showed that co…

Bermuda College has received professional recognition for its accounting training, strengthening the local pathway for students and professionals pursuing careers in accounting, finance and business.
…

An oil tanker operated by a Bermudian-domiciled company was damaged after an attack in the Black Sea.
Herbjorn Hansson, founder, chairman and chief executive of Nordic American Tankers, said the vesse…

A veteran Bermudian reinsurer told scholarship winners they had not only been recognised by the island’s reinsurance industry, but also “entrusted”.
Speaking as the keynote speaker at the Association…

AM Best has affirmed RenaissanceRe’s ratings with a positive outlook, citing the Bermudian-based reinsurer’s ability to weather a softening market.
The ratings decision came as Kevin O’Donnell, chief…

The Association of Bermuda International Companies marked a significant milestone in its commitment to Bermuda’s future by awarding 27 scholarships valued at $740,000 during its annual Abic Education …

Artex has appointed Tracy Berkeley, the Bermuda Tourism Authority’s former chief executive, to lead placement at its newly renamed talent solutions business.
The appointment marks Ms Berkeley’s return…

The Royal Gazette/BSX Index was unchanged on 3,745.99 after no trading on the Bermuda Stock Exchange today.
The US-listed shares of Butterfield Bank fell 36 cents, or 0.59 per cent, to close on $60.31…

Four Bermuda law firms have been recognised in the Chambers High Net Worth 2026 guide, alongside 13 individual lawyers working in the island’s offshore trusts sector. Ten trust companies and nine indi…

Belco has awarded more than $202,000 in scholarship funding to help 20 students to pursue further education.
The Belco Educational Awards programme, which was launched in the early 1980s, support stu…

Property-catastrophe reinsurance prices saw their steepest annual decline in at least 25 years at the midyear renewals as ample capacity put pressure on a market important to Bermuda’s reinsurance sec…

Lloyd’s of London said former chief executive officer John Neal breached its compliance rules after failing to disclose a close relationship that could have been perceived as creating a potential conf…

Global demand for cyber insurance is expected to remain strong despite a more competitive market, which could create opportunities for Bermuda’s captive insurance, reinsurance and insurance-linked sec…

Rosewood Bermuda has opened a new waterfront bar with a Mexican flavour.
In partnership with Patrón Tequila, the Hamilton Parish resort has launched the Mirador bar — lookout point in Spanish.
Resort …

A shortage of concrete block is causing headaches for builders amid soaring demand from major projects.
A combination of constrained supply chains for materials, the limitations of concrete plants on …

The proposed digital Bermuda dollar will be issued privately rather than by the Government or a central bank, David Burt has said.
The Premier and Minister of Finance told Bloomberg that the digital c…

Bermudian chef Mark Williams has launched a catering business that will bring fine-dining straight to you.
He now runs Marque’s Table with his wife, Anastasia Williams.
“We go to the client’s house o…

Chubb chief executive Evan Greenberg has warned that soft insurance-market conditions are spreading into casualty lines central to Bermuda’s commercial insurance sector, even as claims costs keep clim…

A senior executive at HSBC Bermuda has warned of a “troubling” rise in fraud targeting everyday people.
Tanya Bule, head of wealth and personal banking, has stated on her LinkedIn page that the bank …

The Royal Gazette/BSX Index remained unchanged at 3,745.99 points in the absence of trading on the Bermuda Stock Exchange.
Meanwhile, Butterfield Bank fell 48 cents or 0.78 per cent on the New York St…

RenaissanceRe generated net income available to common shareholders of $654.2 million in the second quarter, with the Bermuda-based reinsurer citing strong underwriting performance, higher investment …

The public is being warned about a fraudulent e-mail in the community claiming to be from the Bermuda Monetary Authority.
According to a notice from the BMA, an e-mail sent to a regulated entity purpo…

Willis Re, the international reinsurance broker, today announced the launch of its global life reinsurance practice following the recent appointment of Christian Howells as head of life reinsurance.
T…

Veteran dentist DeVon Binns has launched Signature Dental Aesthetics in Hamilton, a new practice designed to fill holes in the local dental market.
Years ago, running Da Vinci Dental in Hamilton, he …

Axa XL was born 40 years ago in response to a crisis — and that responsiveness to the world’s risk-management needs remains part of the company’s DNA today, 40 years later.
That is the view of Noel Pe…

Over the last 20 years of my advisory practice, the standards for cybersecurity corporate governance have generally evolved incrementally every few months — that is, until now.
On July 17, the Bermuda…

S&P Global Ratings has affirmed the AA financial strength, financial enhancement and issuer credit ratings of Assured Guaranty’s insurance subsidiaries and the A issuer credit rating of AGL.
The o…

The Royal Gazette/BSX Index remained at 3,745.99 in the absence of trading on the Bermuda Stock Exchange.
Meanwhile, Butterfield Bank rose 30 cents, or 0.49 per cent, on the New York Stock Exchange to…

The Bermuda Monetary Authority has launched a consultation on proposals that would allow certain regulated insurance and investment structures to use recognised stablecoins.
The consultation paper ou…

Journi, the taxi app launched this year by the Bermuda Taxi Owners and Operators Association, has been appointed official transport partner of Cup Match.
At next week’s Cup Match, Journi will have on-…

When the Corporation of St George cancelled this year’s annual pre-Cup Match celebration in the Old Towne, for the second year in a row, businesswoman Roberta Munden took matters into her own hands.
W…

Howden Group, the London-based insurance broker that’s chasing an initial public offering by 2030, is in talks to raise several billion pounds in new private capital as it seeks to maintain its breakn…

The Royal Gazette/BSX Index remained at 3,745.99 in the absence of trading on the Bermuda Stock Exchange.
Meanwhile, Butterfield Bank fell 52 cents, or 0.85 per cent, on the New York Stock Exchange to…