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An established auto repair shop in Southampton is shifting into high gear by adding the ordering of custom electric vehicles to its services. Rev Automotive Ltd owner Bill Calko, who opened the business in 2007, said that the first electric 2021 Volk...

The extreme-event modelling company AIR Worldwide (AIR) has released its 2021 Global Modeled Catastrophe Losses report, detailing key global financial loss metrics based on its latest suite of models that reflect the near-present climate risk. AIR e...

An insurance boss has complained that even though rates have hardened, they remain too low. Richard Brindle highlighted the rising catastrophe risks in an era of increasingly evolving climate-change exposures and said that there are inadequate rates ...

The re/insurer IQUW is in advanced talks to acquire UK-based Lloyd’s insurer Agora Holdings, the company has said. If the sale is completed, Agora’s property insurance and reinsurance businesses will form part of IQUW’s portfolio and the Agora team ...

The global financial services provider Apex Group Ltd has been appointed by (re)insurance broker BMS to deliver carbon footprint assessment and reporting services. Apex will provide BMS with the platform and tools to measure the company’s source of ...

HSBC Holdings plc has bounced back with after-tax profit of $4.2 billion — an increase of $2.2 billion — for the third quarter compared with the same period in 2020. The bank also announced a massive share buyback of up to $2 billion after the profit...

Nearly 800 people from 500 companies across 52 countries registered for the Bermuda Business Development Agency’s third annual 2021 Virtual Bermuda Tech Summit, an overall increase from the event held last year. David Hart, the CEO of the agency, sai...

The RG/BSX Index closed unchanged 2,705.02 in the absence of trading on the Bermuda Stock Exchange. The Bank of Butterfield finished 12 cents (0.30 per cent) higher at $39.90. The BSX Insurance Index remained unquoted.

Bermuda-based investment company Ocean Wilsons Holdings Ltd has changed auditors, it announced today through the Bermuda Stock Exchange. Ocean Wilsons, which is based in Bermuda but owns one of the leading marine and ports operating companies in Braz...

A privately owned incubator for the development of international and local technology-based start-ups has been set up in Bermuda. InnoFund Limited has launched the InnoFund Innovation Incubator (i3) in partnership with the acclaimed DMZ tech acce...