Archive for February, 2011
NZ Quake Rocks Bermuda Reinsurer Shares
Bermuda reinsurers will experience aftershocks from the 6.3-magnitude earthquake which devastated parts of the New Zealand city of Christchurch yesterday [Feb.21], killing more than 60 people. “It is just a scene of utter devastation,” New Zealand’s Prime Minister John Key said. “We may well be witnessing New Zealand’s... Read more of this article
Conditional Discharge for College Student
In Magistrates Court this morning [Feb 22] Magistrate Juan Wolffe handed down a conditional discharge after a college student pleaded guilty to using offensive words during an interaction with the Police. The 21-year-old Bermuda College student was charged with two traffic offences and one criminal offence. He pleaded guilty to all three and was fined... Read more of this article
Alleged Drug Smugglers Appear in Court
Today [Feb 22] in Magistrates Court five men appeared for mention, and are due to reappear in March, 2011. All five face drug charges, with officials alleging the five conspired to import cannabis said to be worth $3.4 million. Carlos Rogers, 41, and Kwesi Hollis, 36, who had sailed from the Dominican Republic, were charged last month alongside three... Read more of this article
Auditions for Chewstick Tour to Toronto
On Sunday, February 27th, The Chewstick Foundation will be hosting auditions to find Bermuda’s most promising musicians, poets, singers and performers to join them on The Chewstick Foundation’s CHEWronto tour, the second annual international performance tour. The tour is set to take place in Toronto, Canada on April 20th to the 24th and will feature... Read more of this article
IFI Names KPMG Best Fund Audit Firm
KPMG in Bermuda has announced that KPMG has been named the Best Fund Audit firm by IFI (Funddomiciles.com). The award was presented in London on January 19, 2011 after IFI’s Annual Conference on the future of fund domiciles. Craig Bridgewater, Lead Partner, Investments & Banking noted: “We are very pleased that KPMG has received this award.... Read more of this article
Photos: Bowling 2011 Rendezvous Champs
At the Warwick Lanes last night [Feb 21] Pat Price and Levinc Samuels celebrated their wins in the 2011 Rendezvous Championships. Ms Price defeated Juanita Sharper in the Ladies Division Final after finishing in second place with 596 points, Ms Sharper was the top female bowler with a score of 615, but she could not hold off Ms Price in the bowl-off... Read more of this article
Progress Report: Fire Service Recruits
Recruits of the Bermuda Fire & Rescue Service’s Recruit Course 01/11 will begin week number seven of 26 of their foundational training. All 14 of the Recruit Firefighter/EMT-I’s are on schedule for completion of phase one of their training programme, the first phase being the Emergency Medical Technician Intermediate Course. In 1996, the... Read more of this article
Frontline ‘Not Satisfied With Earnings’
Bermuda-based Frontline Ltd., the world’s biggest supertanker operator, which had hoped rising oil demand from China would push the company back into the black, has posted a bigger-than-expected fourth-quarter 2010 loss. The net loss was $11.8 million, or 15 cents a share, compared with profit of $3.92 million, or 5 cents, a year earlier, the Hamilton-headquartered... Read more of this article
Argo Shares Jump: News Of Repurchase Plan
Shares in Bermuda-based Argo Group International Holdings, Ltd. were up by four percent on Friday [Feb. 18] after its board of directors s authorised the company to repurchase $150 million of Argo Group common stock. The new share repurchase authorisation supersedes the previous authorisation announced on November 13, 2007. Company officials also said... Read more of this article
Upcoming: 2011 FEI World Dressage Challenge
On Saturday, February 26th, Bermuda’s equestrians will be participating in the 2011 FEI World Dressage Challenge. This competition is entering its 31st year with an estimated 58 countries participating in 2011. Last year Bermuda had the distinction of winning both the Group 10 team competition and the individual competition. Dawn Fox achieved the... Read more of this article
Video: New Boat Donated for Nonsuch Island
Today [Feb 21] a new boat for Nonsuch Island, ‘Ascendant’, was christened in Flatts by Minister of Public Works Derrick Burgess and Ascendant Group President & CEO A.L. Vincent Ingham, with the assistance of Town Crier of St. George’s A. David Frith. The Ministry of Public Works, Department of Conservation Services and Ascendant Group Limited,... Read more of this article
Bermuda Firms Shine In Off-Shore Law Rankings
Bermuda is now home to four of the 20 largest off-shore law firms in the world — including Appleby, which “continues to streak ahead of its peers” according to a new survey in a weekly British magazine for commercial lawyers and corporate directors. According to “The Lawyer’s” updated list of off-shore firms —... Read more of this article
