Archive for July, 2010
Everest Re 2010 Second Quarter Results
Bermuda-based Everest Re Group Ltd. reported second quarter 2010 after-tax operating income which excludes net realized capital gains and losses, of $184.8 million, or $3.18 per diluted common share, compared to after-tax operating income of $256.2 million, or $4.16 per diluted common share, in the second quarter of 2009. Net income, including net realized... Read more of this article
Arch Capital: $237 Million Net Income
Bermuda-based Arch Capital Group Ltd reports that net income available to common shareholders for the 2010 second quarter was $237.0 million, or $4.45 per share, compared to $152.1 million, or $2.43 per share, for the 2009 second quarter. The Company also reported after-tax operating income available to common shareholders of $132.2 million, or $2.48... Read more of this article
Gov Mulls Waiving Payroll Tax For Restaurants
In a meeting held earlier this week, delegates of the Restaurant Division of the Bermuda Chamber of Commerce met with senior Ministry officers to follow up on concerns about the “tremendous financial challenges” that the Restaurant Division finds themselves under. Minister of Finance Paula Cox said the Government is considering signing a Memorandum... Read more of this article
2010 Cup Match Team Overviews
Courtesy of leading sports source Islandstats.com, below are player overviews for both Somerset and St George`s Cup Match teams. St. George’s Cricket Club is Captained by Oronde Bascome, and Somerset’s Captain is Jacobi Robinson. The annual two-day match has been played since 1902 and is extremely popular amongst locals. For greater clarity of the... Read more of this article
CAC Games Update: Tennis Team
Below is an update on Bermuda`s tennis team in the CAC Games in Puerto Rico, provided by a person traveling with the team: The Bermuda Tennis team returned to action on July 27th following a successfull opening round of competition. First on court was Caitlin Gordon who palyed Giuliana Olmos from Mexico, the #6 seed in the tournament. Olmos opened the... Read more of this article
Clay Smith: We Will Prove The Octopus Wrong
St George’s Coach Clay Smith has repudiated the Cup Match prediction by Bermuda’s “Houdini The Octopus”, saying that it is a possibility that the Octopus operates differently from his more famous counterpart “Paul the Octopus”. Mr Smith said he suspects our octopi population is “backwards” from German... Read more of this article
Video: Maybury & Bassett Court Appearance
The video below shows Alvone Maybury and Marico Bassett being brought, under heavy Police guard, into Magistrates Court this morning (July 27). Mr Maybury, who is alleged to have escaped custody two weeks ago, was charged with escaping lawful custody and was brought out from court in wrist and ankle restraints. Mr Bassett was charged with the attempted... Read more of this article
Marico Bassett Charged With Attempted Murder
This morning [July 28] 19-year-old Marico Bassett of Loyalty Drive, Sandys Parish was charged in Magistrates Court with the attempted murder of 44 year old Randolph “Randy” Lightbourne which occurred five days ago on July 23 in Sandy’s Parish. He did not enter a plea as the matter must be heard in Supreme Court and was remanded in... Read more of this article
Alvone Maybury Brought Back To Court
(Updated) Two weeks after he allegedly escaped outside Magistrates Court, 24-year-old Alvone Maybury was brought back to Magistrates Court this morning [July 28]. Mr Maybury was facing three firearm charges [possession of firearm and ammunition and discharging a firearm in December 2009] when he allegedly ran for freedom outside Magistrates Court on... Read more of this article
Montpelier Re Reports Second Quarter Income
Montpelier Re Holdings Ltd reported financial results for the second quarter ended June 30, 2010. Fully converted book value per share was $22.31 at June 30, 2010, an increase of 4.9% for the quarter and 6.4% for the year to date, including dividends. The Company reported net income of $0.96 per share ($70 million) for the second quarter of 2010, and... Read more of this article
Bermuda’s “Paul The Octopus” Predicts Cup Match
In news that will thrill some, distress others, and totally confuse the rest; Bermuda’s own “Paul the Octopus” has made his decision and predicted the 2010 Cup Match Champion. Today [July 27] “Houdini the Octopus”, a resident of the Bermuda Aquarium, was provided a similar set-up to his more famous counterpart Paul, and... Read more of this article
Two Accidents Leave Four Motorcyclists Injured
Within 30 minutes of each other, two separate serious road traffic collisions occurred tonight [July 27] which have left four people with serious injuries. Both accidents involved two motorcycles The first, at 6:27pm, occurred at Spicelands Road in Warwick, when two cycles collided. Both riders have been rushed to King Edward Memorial Hospital, with... Read more of this article
