Archive for February, 2011
Assured Guaranty: Operating Profit Down
Bermuda holding company Assured Guaranty Ltd. announced today [Feb. 25] financial results for FY 2010 and fourth quarter 2010. The Company’s FY 2010 operating income1, a non-GAAP financial measure, was $660.3 million, a 125% increase from FY 2009. FY 2010 operating income per diluted share was $3.49, up 54% from FY 2009. FY 2010 net income attributable... Read more of this article
Photos: Bermuda’s Top Athletes Honoured
The 30th Annual Sports Awards were presented last night [Feb. 26] with long jumper Tyrone Smith and basketball player Jenaya Wade-Fray named the Male and Female Athletes of the Year. They are both pictured below: Sprinter Jeneko Place and swimmer Emma Franklin won the inaugural Male and Female Junior Athletes of the Year. The Male and Female Minister’s... Read more of this article
Bermuda Win FEI World Dressage Challenge
[Updated with video] The Bermuda Equestrian team has won Group 10 of the 2011 FEI World Dressage Challenge. Bermuda competed against Barbados, Trinidad and Tobago, Jamaica, Cayman and Haiti to claim the win. The competition took place at the National Equestrian Center on Vesey Street this weekend [Feb. 25], and Bermuda recorded a score of 195.966%,... Read more of this article
Six Outstanding Warrants: Man Arrested
A 25-year-old-man was arrested on Friday [Feb.25] night after Police determined he had six outstanding warrants for his arrest. A Police spokeman said: “Around 10:45pm on Friday, Police were on patrol along Elliot Street in Pembroke when they encountered a 25 year old Pembroke man. Further inquiries revealed that the individual had six outstanding... Read more of this article
A Journey From Bermuda To Sesame Street
He can not only tell you how to get to Sesame Street from Bermuda, he has taken up residence there. Bermudian H. Melvin Ming is the Chief Operating Officer of the Sesame Workshop (formerly the Children’s Television Workshop) — overseeing and aligning the celebrated American educational organisation’s efforts with its strategic direction... Read more of this article
Tuckers Point Petition: Over 500 Signatures
An online petition objecting to the proposed Special Development Order [SDO] for Tuckers Point Hotel asking that the Bermuda Government reconsider the SDO and “reverse their decision to potentially allow building on this ecologically and culturally sensitive land” has now reached over 500 signatures. As background the petition states: “The... Read more of this article
Bermuda Helps Allen Documentary Go Viral
Bermuda members of the AME Church have helped to make the first ever documentary about the life of church founder and abolitionist Bishop Richard Allen into perhaps one of the first religious-themed viral videos. The island’s AME Churches — celebrating the 125th anniversary of the Bermuda Annual Conference next week –along with fellow... Read more of this article
Report: Bermuda Container Firm Deal Near
Bermuda-based Triton Container International Ltd., which is owned by Chicago’s wealthy Pritzker family, is being solds sale to private-equity firms Warburg Pincus LLC and Vestar Capital Partners for about $1 billion, according to the “Wall Street Journal.”. Details of the sale are still being finalised, the business and financial... Read more of this article
‘Bad Year For Natural Hazard Exposure’
Despite an unusually mild 2010 Atlantic hurricane season last year was among the five costliest years for the insurance industry since 1980 — and Bermuda re/insurers are among the global industry players reappraising their exposure to natural hazards, a leading trade publication said yesterday [Feb.25]. “Insurance & Technology”... Read more of this article
Zeta Jones “Punched” By London Paparazzo
Her day began at Buckingham Palance with Prince Charles bestowing a royal honour on her– but it ended with former Bermuda resident Catherine Zeta Jones allegedly being punched in the face by an aggressive paparazzo. On Thursday [Feb 24], the Welsh actress and husband Michael Douglas — who lived on Longford Hill in Warwick until 2009 —... Read more of this article
Football Results: Bistro Cup Semi Finals
Corona League leaders Vasco bowed out of the Bistro Cup at the hands of Lock ‘N’ Key last night [Feb. 25] following a penalty shootout. The two teams battled to a 3 – 3 draw during regulation time, with Lock ‘N’ Key losing a 3 goal lead, however they would hold their nerve to win the Marathon Shootout. Lock ‘N’ Key got two goals from... Read more of this article
Seymour Pierce Terminates Merger Talks
British private investment bank and stockbroker Seymour Pierce called off its planned merger with Bermuda reinsurer Gerova Financial yesterday [Feb.25] because of mounting uncertainty about the company’s finances, “The Financial Times” has reported. The British business newspaper reports the decision earlier this month by... Read more of this article
