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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...

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...