Archive for December 20th, 2010
Andre Curtis Sentenced to 15 Months
A businessman who admitted operating an investment company without a licence in Supreme Court in October was today (Dec. 20) jailed for 15 months, according to ZBM news. Andre Curtis, 47, had admitted to operating Harvest Investment Holdings Ltd, without a licence from March, 2007 to December, 2008. Originally he was also been charged with making misleading... Read more of this article
Disturbance: Taser and Captor Spray Used
At 3:13am on Saturday [Dec 18] Police responded to a report of a disturbance outside of Gravity Nightclub on North Shore Road in Devonshire. Three people were arrested, including one female, and Police say that “During the affray taser and captor were deployed.” A Police spokesman said that “Upon police arrival police observed a fight... Read more of this article
Armed Robbery on Railway Trail
Yesterday evening [Dec 19] a man was robbed by two men carrying what is believed to be gun. The Police responded to a report of a firearms incident that took place at 7:40pm. A Police spokesman said that “The complainant states that he was on the Railway Trail in Sandys in the area of the Somerset Seventh-day Adventist church when he was approached... Read more of this article
Validus: Increase in Common Share Repurchase
Validus Holdings, Ltd. announced today [Dec 20] that the Board of Directors have authorized the return of an additional $400 million to shareholders. This amount is in addition to the $929.2 million of common shares which, as of December 23, 2010, will have been repurchased under Validus’s previously authorized share repurchase program. Validus... Read more of this article
(Re)insurers Salute Founding Father
If you seek the late Robert Clements’ monument, look around Hamilton says the Bermuda insurance industry. In the latest issue of the official industry newsletter “Bermuda Insurance Update”, leading (re)insurers say the phenomenal growth spurt Hamilton experienced over the last 20 years was a direct consequence of the business strategy... Read more of this article
Bermuda Prostate Therapy Hailed In US
A new method of treating prostate cancer being offered in Bermuda is being hailed as a better alternative to radiation, chemotherapy and freezing by leading American urologists, some of whom are sending their patients here and to other overseas hospitals for therapy while they await the results of clinical trials in the US. The minimally invasive,... Read more of this article
A.M. Best Affirms Ratings of Amlin AG
A.M. Best Europe Rating Services Limited has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a” of Amlin AG (Switzerland) (formerly Amlin Bermuda Limited [ABL]). The outlook for both ratings is stable. In October 2010, Amlin plc (Amlin), the holding company of the Amlin group, completed the establishment of a... Read more of this article
Tonight: Total Lunar Eclipse
A total lunar eclipse will take place tonight [Dec 20/21], and experts say it will be visible in the Northern hemisphere from around 2:30am to approximately 6am [Bermuda time]. A lunar eclipse occurs when the moon passes behind the earth so that the earth blocks the sun’s rays from striking the moon. This can occur only when the Sun, Earth and Moon... Read more of this article
Burchall: BELCO’s Big Freeze
[Written by Larry Burchall] Belco has been pumping out ‘leckalight since 1907, so it has been through lots of economic twists and turns. Despite that, every time we hit a switch the ‘leckalight comes through proving that Belco is still doing what it does best. Create and distribute ‘leckalight. Belco’s announcement of a pay and rates freeze... Read more of this article
Marshall & Alen Win Jingle Bell 5k Run
Lamont Marshall and Jennifer Alen won the 2010 BAC Kool Running 5K Jingle Bell Run held yesterday morning [Dec 19]. Runners got into the spirit of the Christmas season, with some donning non-traditional running attire to cover the 5k course. Mr Marshall crossed the line in a time of 15:09, Stephen Allen was second in 16:58, while Christopher Harris... Read more of this article
