Archive for January 11th, 2012
Upgrade For Knightsbridge Tankers
Bermuda’s Knightsbridge Tankers Limited was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating in a research note issued to investors today [Jan. 11]. Knightsbridge Tankers Limited is engaged in the international seaborne transportation of crude oil and dry bulk cargoes. Its fleet consists of four... Read more of this article
Video: Premier On Job Makers Act
Premier Paula Cox today [Jan.11] unveiled the guidelines for the Incentives for Job Makers Act which offers immigration inducements to those companies which make hiring Bermudians an organisational priority. The law, which came into effect on January 1, provides work permit exemptions for up to five foreign executives of firms based on the island Bermuda... Read more of this article
Personal Empowerment Seminars
Business Bermuda will be hosting a line-up of Personal Empowerment Seminars for 2012. Kicking off the series tomorrow [Jan.12] at 12:30 pm, is “Think Education Ends With a Degree?” Dr. Janet Ferguson, Executive Director of the Seniors’ Learning Centre at Bermuda College will explain the value of lifelong learning. “Education is more... Read more of this article
X’Roads Defeat Paget Lions 5 – 0
Last night [Jan.10] at the Devonshire Rec this First Division encounter got underway with X’Roads looking to take over second place, and the Paget Lions looking for their second win of the season. Rico Beek gave X’Road’s the lead in the 13th minute, Mikael Ming doubled the lead in the 20th minute. Dennis Musson Jr. made it 3 – 0 for X’Roads... Read more of this article
Industry Is In ‘Fairly Good State’
Co-sponsored by the Association of Bermuda Insurers & Reinsurers [ABIR], the annual Property/Casualty Insurance Joint Industry Forum convened in New York yesterday [Jan.10] to assess the state of the industry and prognosticate about the possibilities and probabilities for the months ahead. Prior to the start of a panel discussion he was participating... Read more of this article
Thai Floods: Validus Estimates $55 Million
Bermuda-based Validus Holdings, Ltd. today [Jan.11] provided an initial estimate of losses from the severe flooding that took place in Thailand during the fourth quarter of 2011. Validus expects to record loss and loss expenses from these events in the amount of $55.5 million, net of reinstatement premiums and reinsurance, retrocessional and other... Read more of this article
Bermuda Realty Moves To The Cloud
Coldwell Banker Bermuda Realty has adopted a Private Cloud solution from CCS Group and QuoVadis Services as the backbone of its computing needs. “Bermuda Realty has a long tradition of developing innovative services for the local real estate sector,” said company president Brian Madeiros. “This has lead to a considerable investment in IT infrastructure.... Read more of this article
Triathlete Butterfield’s Juggling Act
Nikki Butterfield – the wife of top local triathlete Tyler Butterfield – won a Half Ironman competition in Syracuse last year and placed a respectable fourth in the HyVee 5i50 Championships — another US endurance event combining bicycling, swimming and running. And her itinerary for 2012 is far more ambitious, with Mrs. Butterfield hoping... Read more of this article
Photos/Video: Flag Football Game
On Sundays the Bermuda Football Association Field in Prospect plays host to Flag Football games, which is a version of American football that sees the flags players are wearing ripped off instead of tackles. The basic rules of the game are similar to those of the mainstream game, but instead of tackling players to the ground, the defensive team must... Read more of this article
Butterfield Fulcrum SOC Certification
Butterfield Fulcrum has successfully completed an examination of its global middle and back office, fund administration solutions and services for the SOC 1 Type II Certification. A big four audit firm has examined the design and effectiveness of specified controls and the scope of the report covered eight locations and jurisdictions in which Butterfield... Read more of this article
OBA Forms Women’s Caucus
The One Bermuda Alliance [OBA] is forming a Women’s Caucus to develop policy and discuss the issues which are of particular concern to Bermuda’s women. The caucus is open to all female members of the Opposition. Bermudian women who wish to participate can join the party through the website www.oba.bm. The first meeting will be held on... Read more of this article
Refco Customers Lose US Case
Customers of Bermuda’s now defunct Refco Capital Markets Ltd. who claimed principals at the firm violated US securities laws have lost their bid to recover monetary damages. The US Court of Appeals for the Second Circuit yesterday [Jan. 10] found investors failed to allege deceptive conduct by the principals because the investors knew what they... Read more of this article
