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The continuing low price of fuel and electricity helped drive down inflation to 1 per cent in March. It was the third consecutive month that inflation has fallen since it hit 1.8 per cent in December. Inflation in March was 0.3 percentage points lowe...

Insured losses from the ongoing wildfires around Fort McMurray, in Alberta, Canada, have been estimated at between $3.4 billion and $6.9 billion (C$9 billion) by catastrophe modelling firm AIR Worldwide. And the disaster could have a bigger impact on...

Hiscox has integrated so deeply with the community during its first ten years in Bermuda that it is hard to imagine a time when it was not part of the island’s fabric. The global specialist insurer has proved to be a force for good in many avenues, o...

There’s a new look at Temptations in St George, and it is designed to make the café an even more tempting place to visit for refreshments, snack or a light meal. After being shut for more than two months to allow for renovations and a reshaping of it...

Bob Richards, the Minister of Finance, is in London and is expected to join a number of global leaders today at an anti-corruption summit. The event comes only a month after millions of documents were leaked from Panamanian law firm Mossack Fonseca, ...

Graham Wood has stepped down from Markel CatCo Investment Management, where he was chief underwriting officer, and is to return to Britain after a nine-year spell in Bermuda. His departure is by mutual agreement and is part of a “planned strategy” by...

Hiscox Ltd, the international specialist insurer, saw its gross written premiums grow 10 per cent to £640.5 million ($924.5 million) in the first quarter. The improvement was driven by strong performances in all segments of its business, the company ...

Nordic American Tankers Ltd, the Bermudian-based oil tanker operator, has reported first-quarter earnings of $29.3 million. The company is in the process of acquiring four existing Suezmax tankers to add to its fleet, bringing its total number of tan...

Wildfires raging through Alberta are now expected to be classed as a “reinsurance event” with the natural disaster looking to be the costliest natural disaster in Canada’s history. The three largest local primary insurers have direct exposure that is...

From small beginnings great things can grow, and that’s what Chris Perinchief is aiming for with his new carwashing business in the east end. He is a co-owner of Shine on Time Carwash, which has been set up on a section of Ship’s Wharf, on St David’s...