Archive for February 8th, 2011
When USAF Chased Storms From Bermuda
It’s a storm-chasing US Air Force squadron which flies missions directly into hurricanes and other weather systems for research purposes – as recently as last year providing Bermuda with crucial meteorogical data as Igor was bearing down on the island. The radar image of Hurricane Igor’s eyewall at left was taken onboard... Read more of this article
PGA: Defending Champion First Alternate
The 29th PGA Grand Slam of Golf, to be contested Oct. 18-19, in Bermuda, will become the first in event history to grant its defending champion No. 1 alternate status in the event of multiple major champions or should a qualifying player be unable to compete. Defending Champion Ernie Els captured the 2010 PGA Grand Slam of Golf, earning his way into... Read more of this article
Guilty Plea: $200 Check Became $2,200
Maintenance man Dennis Landy, 58, pleaded guilty to three counts involving cheque fraud today [Feb 8] in Magistrates Court. He was said to have been paid $200 on a Butterfield Bank cheque, with the payment being for work done at the Somerset Laundromat. Going online to review his chequing account, the owner of the Laundromat, found that the cheque had... Read more of this article
Digicel Acquires Netxar Technologies
Digicel has taken a controlling stake in Netxar Technologies, the leading systems integrator in the Caribbean region, it was announced today [Feb 8]. Netxar is also the holder of the Gold Certification, Master Unified Communication and Master Managed Service Partner and is a member of Cisco’s elite 1% partners out of 64,000+ partners worldwide –... Read more of this article
Misty Copeland to Perform in Bermuda
One of the top black ballet dancers in the world will be gracing the stage in Bermuda next week. Misty Copeland is the first African American soloist at American Ballet Theatre, which is considered one of the top ballet companies in the U.S. The National Dance Foundation of Bermuda announced today that Misty Copeland and Sascha Radetsky, soloists with... Read more of this article
Prince Edness Remanded in Custody
Despite strenuous arguments against his being remanded into custody, Magistrate Archie Warner today [Feb 8] remanded 25-year-old Prince Edness into custody to await trial on 22nd May 2011. He was charged with unlawful assault on a female, use of offensive words, and conspiring with others to obstruct the course of justice. These charges will be amalgamated... Read more of this article
Flagstone Announces Australian Losses
Flagstone Reinsurance Holdings SA, which has its executive offices in Bermuda, announced yesterday [Feb.7] its loss estimate due to the flooding in Australia that occurred in December, 2010 [pictured], is expected to be $10 million, net of reinstatement premiums and retrocession. In January, 2011, subsequent flooding occurred in large areas of Australia;... Read more of this article
Partner Re Reports Drop in Profits
Bermuda reinsurer PartnerRe Ltd. reported a sharp drop in fourth quarter 2010 profits, reflecting a decline in written premiums in the non-life segment and losses from last year’s New Zealand earthquake and the flooding in Australia. Investment results were also in the red for the quarter. For the fourth quarter, PartnerRe’s net income... Read more of this article
BCB Signs Advisory Agreement With IceCap
Bermuda Commercial Bank [BCB], which is focused solely on commercial, corporate and private wealth individuals, signed a global investment advisory agreement with IceCap Asset Management Limited. Under the terms of the agreement, IceCap will provide discretionary investment management services for BCB’s clients. J. Michael Collier JP, Chairman... Read more of this article
Equinoxe Completes SAS 70 Type II Audit
Bermuda based Equinoxe Alternative Investment Services Ltd today [Feb.8] announced it has completed its Type II SAS 70 report. The SAS 70 Type II report is an internationally recognised reporting standard carried out by an independent accounting firm which confirms Equinoxe has been through an in-depth audit of their control objectives and activities. This... Read more of this article
Report: Bermuda Container Firm Sale Pending
Chicago’s Pritzker family plans to sell a Bermuda-based shipping container company for roughly $1 billion, according to a report. The Chicago family, which owns Hyatt Hotels Group, is expected to sell its Triton Container International Ltd. to pair of private equity firms, the “Wall Street Journal” reported on Monday [Feb. 7]. Triton... Read more of this article
Upcoming: Forum on Mental Health Plan
Bermuda Hospitals Board reminds the community that the Mid-Atlantic Wellness Institute (MWI) will be holding the last community forum seeking feedback on the new mental health plan from 7-8.30pm on Thursday 10 February 2011 at Penno’s Wharf, St George’s. This is the third and final community forum relating to the new Mental Health Plan, launched... Read more of this article
