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The eye-catching yellow speedboat that takes passengers on a thrill-ride right around the Island is up for sale. The WildCat’s owners, brothers Edward and William Lawrence, say the pressures of their other business interests, coupled with the departu...

Consumers paid out 2.6 percent more for goods and services in November than they did a year before, according to the Consumer Price Index (CPI). The index, which is produced by the Department of Statistics and measures price changes on the Island, sh...

Bermuda-based ACE Tempest Re has set up a new underwriter in Montreal to write all lines of property and casualty reinsurance for the Canadian market. At the helm of ACE Tempest Re Canada will be Constantin Petalas, the former chief executive officer...

Bermuda-based W.P. Stewart & Co., Ltd. announced yesterday that it has declared a regular quarterly dividend of $0.23 per common share. The dividend is payable on January 31, 2007 to shareholders of record as of January 17, 2007. W.P. Stewart is an a...

New Castle Re — one of the “class of 2005” reinsurance companies set up to take advantage of a hardening market following Hurricane Katrina — yesterday received an “excellent” financial strength rating from A.M. Best. The affirmation of the A- rating...

A company that provides much of the Bermuda insurance industry with computer models used to estimate damage from future hurricanes strongly denied an accusation in a Florida newspaper that its most up-to-date work was based on “faulty science”. A sto...

LONDON (Bloomberg) — Wellington Underwriting Plc, a Lloyd's of London insurer that the Bermuda-based Catlin Group Ltd. agreed to buy in October, said four directors resigned from the company.Chairman John Barton, John Engestrom, Paul Hamilton and Jul...

Two Bermudians with a combined 40-plus years' experience in the financial services industry are inviting businesses short on time and staff to outsource some of their management requirements to them. C. H. (Hal) Masters and Jonathan M. Rego have set ...

WASHINGTON (AP) — Sales of federal flood insurance rose sharply across the country last year as homeowners saw the devastation from Hurricane Katrina and realised that typical policies didn’t cover many losses.In the 12 months beginning in November 2...

Global equities demonstrated a dash of hesitation, at the beginning of the New Year, caused by worries about growth, inflation and central bank intentions. Meanwhile, bond markets are still pricing in a slowdown and commodities have undergone a corre...