Archive for August 14th, 2010

Called Off: 2010 Round The Island Boat Race

The 2010 Round the Island Powerboat Race scheduled for tomorrow [Aug 15] has been called off due to unsafe seas, and the expected weather conditions. Today the Bermuda Weather service issued a small craft warning valid from tonight until tomorrow evening; small craft warnings are issued when winds of mean speed 20 to 33 knots and/or seas of 9 feet... Read more of this article

Validus Re: Net Income $179 Million

Bermuda-based Validus Holdings, Ltd. reported net income of $179.8 million, or $1.44 per diluted common share for the three months ended June 30, 2010, compared with net income of $137.6 million, or $1.74 per diluted common share, for the three months ended June 30, 2009. Net income for the six months ended June 30, 2010 was $61.4 million, or $0.48... Read more of this article

Seawell To Buy Allis-Chalmers

Bermuda-registered Seawell Limited and Allis-Chalmers Energy Inc. announced that their Boards of Directors have unanimously approved a definitive merger agreement providing for the acquisition of Allis-Chalmers by Seawell in a transaction valued at approximately $890 million (including assumed debt). The combined company will have approximately 6,500... Read more of this article

Breastfed Baby Photo Exhibit Opens

At the opening of the Breastfed Baby Photo Exhibit last night [Aug 13] Health Minister Walter Roban told the audience the exhibition celebrates children, families and art, but also generates excitement around ways to improve health and wellness of families. “This event draws attention to what is possible when we do what is right for our children.... Read more of this article