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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...

PRESS RELEASE BF&M and Argus announced today that they will be waiving the right to apply separate deductibles for those unfortunate residential customers who incurred damage during both Tropical Storm Fay and Hurricane Gonzalo. The companies report...

There’s a flurry of activity at sea today as maritime life returns to normal after Hurricane Gonzalo. Today sees the arrival of the car carrier, Viking Coral, into Hamilton to deliver 64 new vehicles. While HMS Argyll departs Bermuda this afternoon a...

Bermuda insurance firm Freisenbruch Meyer has swung into post-Hurricane Gonzalo mode with military efficiency. The firm’s William Madeiros, a former Bermuda Regiment Major, said: “We’ve got a plan, we’re sticking to it and working our way through.” ...

Allied World Assurance Company Holdings’ profits fell plunged in the third quarter as the company booked nearly $30 million in catastrophe losses. The company, which is based in Zug, Switzerland, and has a substantial underwriting operation in Bermud...

Catastrophe modelling firm AIR Worldwide estimates that insured losses in Bermuda from Hurricane Gonzalo will range between $200 million and $400 million. AIR conducted a damage survey across Bermuda on Sunday and Monday. In a statement, AIR said: “I...

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...

Everest Re is reporting third quarter operating profits of $280.5 million or $6.12 a share, up 37 percent on the $205 million or $4.12 a share generated in the Q3 2013 period. The Insurance Insider, reporting on the results, said the reinsurer had “s...

Bermuda’s biggest property insurer has been flooded with calls in the wake of Hurricane Gonzalo. And the firm took more than 250 calls in two hours after its Pitts Bay Road HQ opened for business yesterday morning — with more than 1,000 logged by the...

Unfortunately, America’s high road to fiscal responsibility has taken a detour. The supply side notion of keeping tax rates at reasonable levels while reigning in government spending has clearly been a central issue in US politics, but lack of constr...

Insurance losses will be less than Hurricane Fabian, the last significant storm to affect Bermuda, according to Fitch Ratings, reported in a Fitch Wire article on Monday. Fitch expects limited industry insured losses from Hurricane Gonzalo as well as...