Archive for December 30th, 2011

Thirteen Receive Queen’s New Year Honours

Her Majesty the Queen’s New Years Honours List 2011 was released tonight [Dec.30], and thirteen persons from Bermuda have been honoured. Dr. Eva Hodgson was appointed an Officer of the British Empire, and Alan Burland and Thomas B. Butterfield were appointed Members of the British Empire. The following persons have been awarded Queen’s... Read more of this article

XOMA Moving Domicile To Delaware

Effective tomorrow [Dec.31], XOMA Ltd. will move its corporate domicile from Bermuda to Delaware and change its name from “XOMA Ltd.” to “XOMA Corporation.” Biotech giant XOMA cited a number of reasons including reducing “exposure to the potential consequences of certain types of punitive or potentially adverse tax legislation... Read more of this article

$26M ‘Bermuda-Style’ Home For Sale In US

A mansion described as a “Bermuda-style home” and “inspired by tranquil oceanfront living in Bermuda” is for sale in Palm Beach, Florida for $26 million. The real estate listing says the 11,000 sq ft property contains an underground passageway to the nearby beach, spectacular water views, an elevator and more. Owner Paul Wittmann... Read more of this article

Centaur Classic Delists From BSX

Earlier today [Dec.30] the Bermuda Stock Exchange [BSX] announced the voluntary cancellation of listing, effective today, from the BSX, of the Centaur Classic Convertible Arbitrage Fund Ltd. and related ‘A’ shares (ARGCCAA.BH); ‘B’ shares (ARGCCBA.BH); and ‘C’ shares (ARGCCCA.BH) along with the A, B & C Restricted classes. Related... Read more of this article

New Year’s Eve: “Highly Visible Police”

The Bermuda Police Service held a press conference this afternoon [Dec.30] to update on the planned policing over the New Year’s holiday weekend. Superintendent Martin Weekes said, “This year we are pleased to report that the Christmas Holiday period passed with few public order incidents and for that we wish to thank the public for their... Read more of this article

Harvey & Washington Set New Records

The Bermuda Amateur Swimming Association announced that the following New Short Course Records were set during the Winter Age Groups. Harbour Swimming Club member Emma Harvey and Sharks Swimming Club’s Jessie Washington both set new records. Harvey set a new Female 9-10 years – 100m Backstroke Record with a time of 1:21.92, breaking the previous... Read more of this article

Cox & Dunkley On Political Record

Premier Paula Cox said over the last 13 years of a PLP Government there has been “push for equality” and a “shifting of the formerly very skewed economic pie,” while OBA Deputy Leader Michael Dunkley said he thinks if you “ask people today if they feel economically secure my bet is they would say no.” The Premier... Read more of this article

Fahy: Still Waiting For Planning Decision

Shadow Minister of the Environment Michael Fahy noted that we are still waiting for the planning review decision, and said “perhaps the Government will be transparent enough to advise the public of the outcome of the review before the New Year.” Walter Roban resigned from his position as Minister for Public Works in November, after coming... Read more of this article

BOA Fund: Houston Awarded $15,000

Bermuda Track and Field Association President Donna Watson announced that sprinter Tre Houston has been awarded $15,000 from the Bermuda Olympic Association Olympic preparation funding to assist with his goal of reaching the 2012 London Olympic Standards. “We are very excited as Houston had a great Pan Am Games with his times just seconds away from... Read more of this article

Upcoming: Fairmont to Fairmont Race

The 2012 Fairmont to Fairmont Race will be held on Sunday January 8th. The Fairmont Adult Race starts at 9:00am at the Fairmont Hamilton Princess Hotel, runners will cover a distance of 7.2 miles. The route will take the competitors from the Fairmont Hamilton Princess Hotel, Front Street, East Broadway, The Lane, Harbour Road, Burnt House Hill, Middle... Read more of this article

ACE Acquires Rio Guayas In Ecuador

The ACE Group has acquired Rio Guayas Compania de Seguros y Reaseguros, a general insurance company in Ecuador that is owned by Banco de Guayaquil, for approximately US$55 million in cash. Founded in 1993 and currently the fourth-largest non-life insurer in the country, Rio Guayas sells a range of insurance products, including motor, property, life,... Read more of this article

Holiday Volunteers: ‘It’s An Honour’

For the past seven years Bill and Regina Peniston have been serving lunch and giving Christmas presents to the less fortunate on Boxing Day – and this year was no different. Despite the pouring rain and high winds, Mr and Mrs Peniston in conjunction with New Testament Church of God Healing Centre and other volunteers, drove around delivering approximately... Read more of this article