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Alternative capital is likely to survive alongside traditional reinsurance companies as the industry finds an effective balance between the two. That is the view of Lixin Zeng, the chief executive officer of Validus Re’s alternative capital managemen...

Bermuda Financial Fundamentals Series — Investing: Mutual Funds and Portfolios. Part 2. Bermuda is a sophisticated international finance centre. Originally an isolated island with no native inhabitants, Bermuda today has thousands of multinational...

Three post offices will close their doors for the last time today with a view to reducing government spending. The closure of the sub-post offices in St David’s, Harrington Sound and Somerset Bridge was announced in April by Michael Dunkley, the Pre...

Paget Post Office returned to full service at the beginning of this week, a government spokeswoman announced today. The building lost power in the aftermath of Tropical Storm Fay and Hurricane Gonzalo. It also sustained damage to its electrical syst...

Bermuda Forwarders Ltd has launched a small package service aimed at small businesses, the freight forwarders have announced. Small Package Solutions, which operates in tandem with Bermuda Forwarders’ regular consolidated LCL ocean service out of New...

Montpelier Re Holdings logged operating income of $40 million for the last quarter, the firm revealed yesterday. The Hamilton-based reinsurance firm took in 86 cents per common share — a shade below analysts’ expectations of 89 cents a share. The fir...

Dear Dave — My husband will be leaving his full-time job in a year so that he can go back to school full-time and finish his degree. We’ve both agreed this is what we want to do, but it means that we’ll go from a yearly income of $90,000 to $45,000. ...

Courier service firm Mailboxes Unlimited has launched a new service aimed at making it cheaper and more efficient to import multiple packages. Weekly Express will operate alongside the Mailboxes US Express package forwarding service. Stephen Thomson...

Ace Ltd, Allianz and XL Group, all with significant presences in Bermuda, are among just nine insurance sector players best prepared to manage climate change-related risk, according to US-based advocacy group Ceres. In a report that authors Ceres des...