Archive for May 4th, 2010
Despite Chile XL Records $128 Million Net Income
Despite suffering what CEO Mike McGavick termed the “heaviest levels of first quarter catastrophe activity in history” one of Bermuda’s largest reinsurers XL Capital Ltd today reported net income of $128 million, or $0.37 per ordinary share for the period ended March 31, 2010. The 2010 first quarter results are a drop from 2009, which... Read more of this article
UBP: Gaming Not In The Best Interests of Bermuda
UBP Leader Kim Swan has released a statement on behalf of the UBP which alludes to the need for a referendum on the issue, and also says “Our position is that we do not believe gaming as pushed by the PLP Government is in the best interests of Bermuda or its people“. Saying the UBP has ”carefully considered the pros and cons”... Read more of this article
PartnerRe CEO & President To Retire
Bermuda based PartnerRe Ltd today announced that their President and CEO Patrick Thiele has decided to retire, effective December 31, 2010. 59 yr old Mr. Thiele will also step down from the Company’s Board of Directors at that time. Forbes lists his 2009 total compensation at over $9 million dollars. Patrick Thiele has held the position of President... Read more of this article
UK Elections & Bermuda: A New Arithmetic
[written by Larry Burchall] Will Thursday’s national elections in the UK have an impact in Bermuda? They will. But not quite in the way that you might first think. At the outset, Britain’s Labour Party seemed set to win the larger number of Parliamentary seats while the Conservatives were expected to pick up the next largest group. The Liberal Democrats... Read more of this article
Former MP Allan Marshall To Run For UBP
The United Bermuda Party [UBP] today officially confirmed that former MP Mr. Allan Marshall will contest the Hamilton South seat in the next election. The next election is not scheduled as of yet, however must be called and held by 2012. The Hamilton South seat was formerly held for the UBP by Darius Tucker, who resigned from the UBP in 2009, and now... Read more of this article
One Month: No Shootings
In what can be taken as either a good sign, or a lull, Bermuda has experienced a 30 day stretch without a confirmed shooting incident. This is a very positive comparison to previous [approximately] 30 day periods this year: March 4 to April 4: Two murders, and eight people shot Feb 4 to March 4: Two people shot Jan 4 to Feb 4: One murder, two people... Read more of this article
Parliamentarians To Debate Gambling This Friday
The House of Assembly will debate the Green Paper on Gaming this coming Friday [May 7]. The very controversial subject has been a hot topic amongst locals lately, with hoteliers, the Premier and others strongly in support of the concept, and the religious community strongly against. According to a study by the New Orlean’s based Innovation Group, gambling... Read more of this article
5 BDA Websites You May Not Know – But Should
Below are links and information on five great Bermuda websites which are lesser known but well worth a visit. Ranging from football, religious, charitable and more, the websites listed below are all must sees for various reasons: ProjectChangeHaiti This blog chronicles the assistance that Bermuda based medical staff provided to Haiti immediatly after... Read more of this article
Local Lawyer Wins Prestigious International Award
Peter Martin, a partner at Mello Jones & Martin, has been awarded the prestigious ILO Client Choice Awards 2010. The Client Choice Awards recognise those law firms and individual lawyers around the world that stand apart for the excellent client care they provide and the quality of their service. Mr. Martin is the exclusive winner of the General... Read more of this article
Collie Buddz Plans New Radio Station
Bermudian reggae star Collie Buddz plans to launch a new local radio station ‘Vibe 103″, subject to approval from the Department of Telecommunications. Collie Buddz left Sony Records and formed his own production company Harper Digital, in which the applications name is in. Collie [real name Colin Harper] is listed as owning 49%, with his... Read more of this article
XL Capital Ltd New VP & CFO: Irene Esteves
XL Capital Ltd has announced Irene M. Esteves to Executive Vice President and Chief Financial Officer. Ms. Esteves will join the Company on May 17. She has been granted a temporary work permit and is expecting to work based in Bermuda. Ms. Esteves, who has more than 20 years of experience in financial, strategic M&A and investment risk management... Read more of this article
Bermuda $2 Bill Receives Award Of The Year
Bermuda’s recently released $2 bill has been chosen as the 2010 Bank Note of the Year by the International Bank Note Society. The note shows the Bermuda Bluebird on the front and the Dockyard Clock Tower and Statue of Neptune on the back. One of the factors the judges say they used in determining the Bermuda bill as the winner was the interesting... Read more of this article
