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Reinsurers face being hit by a double whammy of a decline in profits and exposure to high-frequency risks. A report from ratings agency Standard & Poor’s said that the global industry may reassess their exposure if annual loses from catastrophes rise...

A retail chief has backed controversial changes to Hamilton city centre car parking charges. Paula Clarke, chairman of the retail division of the Chamber of Commerce, said that a balance had to be struck between people parking long-term in the city f...

Reinsurance capital hit $580 billion at the end of the first quarter of the year — equalling the previous peak supply reached in the same quarter last year. The latest figure was up 3 per cent on the end of 2015. Alternative market capacity, however,...

Bermudian-based investment holdings company Ocean Wilsons logged profits of more than $57 million for the six months to the end of June. Profits for the company, which operates a Brazilian maritime services firm through a subsidiary, were up 43 per c...

Computer expert Devray Denwiddie aims to clean up in the bike-washing business. For the Bermuda Government employee has opened the island’s first automated “bikewash” after years of research. The Bike Spa machine, based at the back of the Riviere fam...

Life’s a gas for new Esso City Service Station operator Robert Holdipp. Mr Holdipp and his family took over the Hamilton city centre location in June, and he doesn’t regret swapping a comfortable career with a senior post at a shipping company for a ...

Former Bermuda Monetary Authority executive Shelby Weldon has joined insurance broker and risk manager Marsh Captive Solutions. Mr Weldon, who was most recently director of licensing and authorisations at the BMA, will lead a team of 14 captive manag...

Former marine police officer Meredith Stapff has gone back to sea with the launch of a new kayak hire business at Admiralty House Park, in Pembroke. And Ms Stapff’s business also includes a water see-saw and a volleyball court to boost the attraction...

A Bermudian university student has won a scholarship worth up to $150,000 from professional services firm EY. Demi Wright is studying business administration and accounting at York University in Canada. She was chosen for the R. Gil Tucker Bermuda sc...

A new business relationship with Britain in the wake of its vote to leave the EU is “critical”, an island business leader said yesterday. Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers, said the...