Archive for February 21st, 2012

Videos/Results: Women’s Futsal

Women’s Futsal League action continued inside the Bermuda College Gym on Saturday [Feb.18] North Village Lady Rams 6 Somerset Hurricanes 2 The Somerset Hurricanes managed to keep the game close in the first half, but the North Village Lady Rams pulled away in the second half scoring 4 goals. North Village Lady Rams Player/Coach Naquita Robinson continued... Read more of this article

American Safety Earnings Outlook

Bermuda holding company American Safety Insurance Holdings, Ltd. today [Feb.21] announced that the company’s 2011 fourth quarter results will reflect after-tax losses attributable to catastrophes and reserve strengthening of approximately $12.0 million in the aggregate, or $1.16 per share. Catastrophe losses within the Assumed Reinsurance division... Read more of this article

Starr Subsidiary Assigned Best Ratings

A.M. Best Co. today [Feb. 21] assigned a financial strength rating of A [Excellent] and an issuer credit rating of “a” to Starr International Insurance Singapore Pte. Ltd. [SIIS], a wholly owned subsidiary of Bermuda’s Starr Insurance & Reinsurance Limited [SIRL] and an indirect wholly owned subsidiary of Panama’s Starr... Read more of this article

Torpedo Which Almost Changed History

The World War Two [1939-45] torpedo shot which almost changed history was fired by the American destroyer USS “William D. Porter” on November 14, 1943 when a convoy carrying President Franklin D. Roosevelt [1882-1945] was just east of Bermuda. President Roosevelt was en route to the Tehran and Cairo Conferences with wartime allies including... Read more of this article

Police Release 2011 Crime Statistics

[Updated with video] The police released the crime statistics for 2011, with Commissioner of Police Michael DeSilva saying, “2011 saw the lowest recorded crime figures since comparative records began in 2000. With total crimes at 4,371 this is a decrease of -4.5% on 2010, which is an average of about 12 crimes per day. “Crimes were reduced... Read more of this article

Magazine Praises Yacht Initiatives

At a time when European destinations including Greece and Italy are putting up barriers to visiting yachts by charging berthing taxes and other fees, Bermuda is proving itself to be a safe harbour for sailors the on-line magazine “Sail World” reports today [Feb. 21] “Sail World” celebrated Bermuda’s decision to both streamline... Read more of this article

BIFF’s Oscars Red Carpet Gala

… And the winner could be you at the Bermuda International Film Festival’s Oscars party on Sunday [Feb.26] BIFF, now in its 15th year and considered one of the world’s leading independent film festivals, has teamed with MEF to bring you a night of glitz, glamour and film at the “2012 Live From the Red Carpet” affair. The gala event... Read more of this article

Guilty Plea: Stealing Car Battery

In Magistrates Court this morning [Feb.21], forty-six year old Calvin Virgil pleaded guilty to a charge of stealing a car battery worth $90 from RayClan Ltd. Accepting his plea, Senior Magistrate Archie Warner ordered a Social Inquiry Report and told Mr Virgil to return to Court on 30th March 2012 for sentencing. The Court was told that on New Year’s... Read more of this article

Share Upgrade For Frontline Ltd.

Bermuda-based shipping company Frontline was upgraded by investment analysts at FBR Capital from an “underperform” rating to a “market perform” rating in a note issued to investors todday [Feb. 21]. Separately, analysts at Dahlman Rose upgraded shares of Frontline from a “sell” rating to a “hold” rating in a research note to investors... Read more of this article

Earth Day Student Video Contest

The Bermuda National Trust and Greenrock will host a 2012 Earth Day Student Video Competition for middle and high school students. A global event, Earth Day takes place annually on April 22 with more than one billion people participating in a wide range of environmental activities. Bermuda students are invited to submit a short video (2 – 5 minutes)... Read more of this article

‘Bermuda Has Made Itself Obsolete’

Bermuda’s decision to seek equivalency with the new European Union Solvency II requirements harmonising insurance regulations will make the island “obsolete” as an off-shore domicile says an American industry veteran. Jeff Mulholland, who runs insurance and pensions services for Societe Generale in the Americas, told the “Caymanian... Read more of this article

Allied World U.S. Launches New Division

Allied World Assurance Company Holdings, AG announced that Allied World U.S. has expanded its Professional Lines operations with the launch of a new Mergers & Acquisitions (M&A) division. Initial product offerings for this division include: Representations and Warranties Insurance, Loss Portfolio Transfers, Loss Mitigation Insurance/Litigation... Read more of this article