Archive for February 10th, 2011

Everest Re Profits, Core Earnings Up

Bermuda reinsurer Everest Re Group Ltd. fourth-quarter profit jumped 53 percent and core profit also rose as revenue climbed the company announced yesterday [Feb. 9]. With its principal executive offices in Wessex House on Reid Street, Everest is a leading global provider of property and casualty reinsurance and insurance. Everest reported fourth quarter... Read more of this article

Bermuda Beat Bahamas by 8 Wickets

Bermuda’s third match of the Pepsi ICC Americas Region Under 19 Americas Division 1 Qualifying Tournament against Bahamas at the Central Broward Regional Park 1 & 2 in Florida has seen them field out first for the first time. Bermuda won the toss and sent Bahamas to bat, Bahamas was bowled all out for 91. Bahamas opener Julio Jemison was their... Read more of this article

WikiLeaks: Bermuda Sought Help on Crime

Bermuda told a a 2009 London meeting of Britain’s overseas territories it had requested British and US law enforcement help to combat the worsening violent crime situation, a WikiLeaks cable reveals. In a cable to the US State Department summarising the 11-member Overseas Territories Consultative Council talks held that December, the American... Read more of this article

Fairmont Southampton: New Hotel Manager

Fairmont Southampton has appointed Rita Healy to the position of hotel manager. In this role, Ms Healy will direct rooms, food and beverage and leisure operations, for the 593-room Fairmont Southampton. Prior to joining The Fairmont Southampton, Ms Healy she was the hotel manager at The Fairmont Turnberry Resort and Club, a 392-room resort in Miami,... Read more of this article

CURB: Tucker’s Point SDO a Slap In The Face

Citizens Uprooting Racism in Bermuda [CURB] have strongly condemned the proposed Special Development Order for Tucker’s Point Hotel saying: “Once the home for centuries to a majority of Black Bermudians, and which was forcibly taken away from them, will be the scene of money-making activity yet again, with 78 residences (starting at $3.2M)... Read more of this article

Reggie Lambe Scores in Ipswich Win

Bermudian footballer Reggie Lambe scored for his UK team Ipswich Town to help propel them to the win. Striker Ronan Murray added two more goals Town’s reserves beat Oxford 3-0 at Didcot’s Loop Meadow, with all the goals coming in the first half. Ronan Murray opened the scoring in the 24th minute when he chased a through ball, beat the offside trap... Read more of this article

Small Island ‘Tax Haven’ Stereotype ‘A Big Lie’

Large countries such as the US and United Kingdom are as much responsible for “distorting markets” as smaller but more widely-criticised “tax havens” such as Bermuda, British author Nicholas Shaxson told OffShore Alert this week. Mr. Shaxson, author of the recently published UK bestseller “Treasure Islands, Tax Havens... Read more of this article

Aspen: ‘We Made Good Progress’

Bermuda domiciled Aspen Insurance Holdings Limited yesterday [Feb. 8] reported net income after tax for the fourth quarter of 2010 of $92.7 million and operating earnings of $1.02 per diluted ordinary share. Book value per share on a diluted basis of $38.90 increased by 13.9% when compared to December 31, 2009 and by 1.8% since September 30, 2010. Diluted... Read more of this article