Archive for February 1st, 2011
Cyclone Threatens Huge New Losses
Analysts fear Tropical Cyclone Yasi — now bearing down on flood-ravaged Queensland — could add another $1.6 billion to the multi-billion dollar bill insurers and their Bermuda reinsurers already face in damage claims in the Australian state. Losses experienced by Australia’s leading insurers from recent catastrophic floods have... Read more of this article
Weekend Hockey League Report
[Weekend hockey report from Jan 29/30, written by Kaywell Outerbridge] Women’s A League: Budgies A vs Wildcats A, Final score: 2-3 The Budgies dominated the opening 20 minutes but were held at bay by some great goalkeeping by Anti Williams of the Wildcats. The relentless pressure by the Budgies eventually paid off when Lakae Dill scored a field... Read more of this article
Czech Officials on Island for TIEA Talks
The Premier and Minister of Finance Paula Cox announced today [Feb 1] that Bermuda and the Czech Republic treaty negotiating teams met this week in Bermuda to complete negotiations on the text of a bilateral agreement on Exchange of Information on tax matters [TIEA]. The text of the TIEA now has to be approved by the respective Ministers of Finance... Read more of this article
Tannock Inducted into Business Hall of Fame
Patrick D. Tannock has become the first Bermudian to be inducted into the Hall of Fame at the University of Hartford’s Barney School of Business. Mr Tannock, President of XL Insurance (Bermuda) Ltd [XLIB], was selected from more than 18,000 alumni of the Barney School of Business. In addition to being a graduate of the school, the criteria for this... Read more of this article
Free Training & Summer Job Placement
The Bermuda Hospitality Institute [BHI] is launching a program which will offer free training for 20 high school students, with the participants guaranteed a full-time summer job in the Island’s hospitality industry upon successful completion. The program launches March 2011, and is timed for participants to complete prior to school ending in June,... Read more of this article
Assault Victim Declines to Make Complaint
A 47 year old man declined to make a formal complaint last night [Jan 31] after an incident which saw him taken to the hospital via ambulance after being assaulted by multiple assailants in the North Street, Pembroke area. A Police spokesman said: “Around 11:30pm on Monday, Police and first responders attended a reported assault on North Street... Read more of this article
Knightsbridge Shares Rise on Suez Crisis Fears
Shares of Bermuda-managed Knightsbridge Tankers Limited hit a new 52-week high today [Feb. 1] amid continuing concerns supertanker traffic could be disrupted in Egypt’s Suez Canal. The stock traded as high as $24.85 during mid-day trading on the New York Stock Exchange. The stock previously closed at $24.01. Knightsbridge Tankers Limited is engaged... Read more of this article
Cooper Advances to Semis in Tennessee
Local tennis player Alex Cooper has advanced to the semi-finals of the Manker Pattern TC Winter Tennis Tournament in Chattanooga, Tennessee. Playing in the Boy’s 18 Singles Division, Alex Cooper won his round of 16 match defeating Evan Watkins in straight sets 7 – 5, 7 – 6. In his quarter-final match, he was taken to a third set tie-breaker before... Read more of this article
Postponed: Tonight’s Festival String Quartet
Tonight’s [Feb 1] Bermuda Festival of the Performing Arts concert by the Marian Anderson String Quartet has been postponed to tomorrow. ”We regret that flight delays due to weather conditions on the US East Coast have affected some of the musicians, who were slated to arrive yesterday. They are now scheduled to arrive tomorrow afternoon,” said... Read more of this article
Bermuda Media Council To Go Live Tomorrow
The Media Council of Bermuda officially becomes active tomorrow [Feb 2]. The full statement from the Media Working Group follows below: The Media Council of Bermuda officially becomes active tomorrow, Wednesday, February 2. The move ushers in a new era of heightened responsibility and accountability for the media while protecting freedom of expression... Read more of this article
Digicel Launches New 3G+ Site at Tynes Bay
Digicel Bermuda has launched a new 3G+ site at Tynes Bay, Devonshire just one month after launching a 2G site at the same location. Digicel said this site provides a stronger 3G+ cellular signal to businesses and residents in the North Shore, Pembroke area and the North Shore and Middle Road, Devonshire area. Digicel said the site has enhanced both... Read more of this article
US Storm: Bermuda Flight Cancellations
Severe weather conditions in the US have again caused flight cancellations for Bermuda bound flights, with both American Airlines and Jet Blue’s New York flights for today [Feb 1] cancelled, as has Continental’s flight to Newark. CNN reported that: “More than 30 states were under some form of alert due to the storm, with blizzard warnings... Read more of this article
