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A new taxi dispatch service has started operations and aims to have all taxis in its network able to take credit and debit card payments and have GPS access. The company is in the process of ramping up its services, which will give customers the abil...

Insurers will be bracing for loss claims associated with the explosion of a rocket and its satellite payload on a launch pad at Cape Canaveral in Florida yesterday. A SpaceX rocket was being prepared for a test firing when it blew up. No one was inju...

It’s all change for Air Care, with the company in the process of moving from Mill Creek to the former Bermuda Gas showroom and offices. The move is being done in stages. Everything will be completed by the end of this month. The new location, at 25 S...

Reinsurers will face insured losses of between $66 million and $133 million from the earthquake which struck Italy last week. That is the estimate of Fitch Ratings, which also expects insured losses for primary insurers to be in the range of $40 mill...

Bermudian-headquartered Qatar Re is reaping the benefits of investing last year to grow its business. During the first six months of 2016 it achieved a string of improved results, including a 79 per cent jump in half-year profit to $23.9 million. The...

Butterfield Bank shareholders have approved a proposed ten-for-one reverse share split. At a special meeting held today the proposal was approved with the requisite number of votes. Ordinary shareholders will receive one new ordinary share for every...

The deadly earthquake that struck the Umbria region of Italy this week is not expected to trigger the Azzurro Re catastrophe bond. More than 240 people were killed when the 6.2-magnitude quake hit the area, 65 miles northeast of Rome, on Wednesday mo...

The Bermuda Government incurred a $65.9 million deficit in its budget for the first three months of the financial year. Financial figures released by the Cabinet Office show the Government is slightly astray of its projected full-year targets for rev...

In the wake of Arch Capital Group Ltd agreeing to acquire United Guaranty Corporation from AIG, one of the major rating services has revised its outlook for the group from stable to negative. It is a cautionary move by S&P Global Ratings, which has a...

Digicel Bermuda has boosted its range of smartphones by adding iPhones to its selection. The move “completes the set” for the company, which already sold Android devices, Blackberries and its own DL range of smartphones. Adding iPhones to its range h...