Archive for February 3rd, 2012

Third Point Re Launch Update

Third Point Reinsurance Limited and its wholly owned subsidiary Third Point Reinsurance Company Limited announced that they have commenced operations and underwritten multiple new reinsurance treaties since the Company’s launch this month. TP Re was created to generate growth by managing overall risk through treating the liability/underwriting side... Read more of this article

Validus Estimates Cruise Disaster: $65M

Bermuda-based Validus Holdings, Ltd. said it expects to have exposure of $50 to $65 million after the sinking of the cruise liner “Costa Concordia” off the coast of Italy on January 13th. A statement from Validus said, “The Company today is providing an initial estimate of losses from the Costa Concordia marine event that occurred on January... Read more of this article

Advisory: Illegal Investment Schemes

“The Bermuda Police Service is aware that either ‘Ponzi’ or pyramid schemes may be in operation or being promoted in Bermuda,” said a police spokesperson. “The Bermuda Police Service is working with its community partners, the Bermuda Monetary Authority and Consumer Affairs to investigate the matter and educate the public on this... Read more of this article

Hamilton Weekend Road Closures

The City of Hamilton today announced that Court Street between Front and Reid Streets will be closed from 6:00am on Saturday, February 4, until 7:00pm on Sunday, February 5. “The closure will allow some large trees in the area to be removed, as part of the city-wide tree planting and rejuvenation program,” a spokesperson said. “The... Read more of this article

Police: Open House For Teens

The Bermuda Police Service will be holding an open house at Hamilton Police Station from 11am – 4pm on Saturday, February 4th 2012. A police spokesperson said, “The event is intended for high school students and will feature interactive presentations, such as:An explanation of the recent legislation regarding the use of hand held mobile devices... Read more of this article

Aspen Insurance Declares Dividend

Bermuda-based Aspen Insurance Holdings Limited declared a quarterly cash dividend on its ordinary shares of $0.15 per ordinary share. The dividend is payable on March 5, 2012 to the holders of record as of the close of trading on February 17, 2012. The Company’s Board of Directors also declared a cash dividend on its Perpetual Preferred Income... Read more of this article