Archive for May 11th, 2010

Assured Guaranty 2010 1st Quarter Raises 41%

Bermuda based Assured Guaranty Ltd reported $89.6 million operating income for the first quarter of 2010, a 41% increase from $63.4 million for the same period last year. The July 1, 2009 acquisition of Financial Security Assurance Holdings Ltd., which has now been renamed Assured Guaranty Municipal Holdings Inc. [AGMH], is the principal reason for... Read more of this article

Allied World Offering Kidnapping Insurance

Bermuda based Allied World Assurance Company announced today that it has joined forces with global security firm red24, with the President saying that “Kidnap for ransom and extortion is one of the fastest growing areas of criminal activity throughout the world. As part of Allied World’s new Kidnap, Ransom and Extortion coverage, security... Read more of this article

NBC Bermuda Golf Show Videos Available Online

Nine videos extracted from the NBC TV show ‘Global Golf Adventure’ featuring Bermuda can now be viewed online here. The segment was shown on May 8th, and was filmed in Bermuda in March 2010. The show was very complimentary to Bermuda, with the host paying numerous compliments to the island, one being that we showed him that “bigger... Read more of this article

Kim Swan Urges Filipinos To Reconsider May 24th

UBP Leader Kim Swan has urged the The Association of Filipinos in Bermuda “to reconsider its decision with a view to participating in the parade”, after the association announced it would withdraw from the May 24th Parade, in response to comments made by Colonel Burch, and what they say has been negative feedback since. The Filipino Community... Read more of this article

$2.5 Million Ransom: Hijacked Bermuda Ship Freed

After holding the ship hostage for almost 50 days, Somali pirates have released the Bermudian registered MV Talca this morning, and all crew is believed to be safe. The ransom payment has been reported to be $2.5 million. The ship, containing 25 crew, was hijacked on March 23, 2010 off the coast of Africa. Andrew Mwangura [Head of the East African Seafarers'... Read more of this article

Bermuda: 2nd in Caribbean Equestrian Event

The Bermuda portion of the Caribbean Equestrian Association [CAE] Junior Jumping Competition was held at the National Equestrian Center on Vesey Street this weekend, and Bermuda claimed the second place spot. The Bermuda team consisted of 14 yr old Jahdayna Samuels, who placed 1st in her category. She has been riding since she was four years old, and... Read more of this article