Archive for February, 2011

Aspen Insurance Files With SEC

Aspen Insurance Holdings Limited — a Bermuda holding company – today [Feb.25] filed its 2010 Annual Report on Form 10-K with the US Securities & Exchange Commission. The document is on the company’s website under the Investor Relations section as well as on the SEC’s website. Printed copies of the company’s complete audited... Read more of this article

HSBC Holdings Makes Boardroom Changes

Bermuda Stock Exchange-listed HSBC Holdings Limited — the world’s sixth-largest banking and financial services group — has made a regulatory announcement to the market regarding changes of directors to the board of the company. Laura May Lung Cha has been appointed a director of HSBC Holdings plc with effect from 1 March 2011. She... Read more of this article

UBP Bob Richards’s Budget Reply

This morning [Feb 25] in the House of Assembly Shadow Minister of Finance Bob Richards is delivering the reply to the 2011/12 Budget. Mr Richard’s started off by saying: “Mr. Speaker, my colleagues and I had hoped to come to this Honourable House this morning in support of a Government Budget that had set the country on a path to economic... Read more of this article

Photos & Video: 2011 Purvis Primary Science Fair

Parents and friends gathered yesterday [Feb 24] at Purvis Primary School for their 10th annual science fair. Projects on display covered a wide range of subjects including how moon phases change, how to make a battery, recycling of juice boxes, how crayons work, atoms and molecules making a chemical reaction, and how to build an electric circuit. One... Read more of this article

Arch Increases Buybacks By $1 Billion

Bermuda re/insurer Arch Capital Group Ltd.today [Feb.25] announced that its board of directors authorised the company to invest up to an additional $1 billion in the company’s common shares. This authorisation is in addition to the $84.4 million available at February 24, 2011 under the board’s previous share repurchase authorisation. Repurchases... Read more of this article

Bermuda Whale Film DC Festival Selection

Bermuda documentarian Andrew Stevenson’s award-winning ”Where The Whales Sing” — which paints an intimate cinematic portrait of the humpback whales as they migrate past the island at spring – has been selected to screen at the upcoming 19th Environmental Film Festival in Washington, DC. For the past three years Mr.... Read more of this article

BDA: Budget Debate Outstanding Queries

The Bermuda Democratic Alliance Financial Affairs spokesman Michael Fahy released a statement saying “The BDA will be hoping for clarification on the following points and queries, among many others, during the budget debates.” 1. The reason for the payroll tax rise last year, given what seem to be contradictory statements given by... Read more of this article

Chewstick Wants You To Engage In Kombat

Bermudians should engage in Kombat — and heed the performer’s conscious message that music can be a positive outlet for young males. Talented Bermudian urban emcee Kombat will kick off the the Chewstick Foundation’s new series of Griot Sessions tonight [Feb. 25] at its brand new Court Street venue across the street from Spinning Wheel. Kombat’s... Read more of this article

Bermuda Firm Was Awarded Libya Contracts

A Bermuda-registered company chaired by the brother of former British Prime Minister Tony Blair’s chief of staff won multi-million pound contracts from the Libyan regime shortly after the then UK leader normalised relations between the two countries in 2004. According to a 2009 investigative report by Britain’s “Daily Telegraph”,... Read more of this article

Hospital: $13 Million Under Original Estimate

Bermuda Hospitals Board [BHB] reported today [Feb 24] that the design and construction related cost of the new facility being built by Paget Health Services is $247 million. This is about $13 million less than the original estimate of approximately $260 million in the 2008 Johns Hopkins Medicine International Report. A spokesperson said: “BHB... Read more of this article

Videos: Premier & Ministers Town Hall

Hundreds of Bermudians last night [Feb. 23] attended a Town Hall meeting hosted by Premier Paula Cox — who was joined by 11 Cabinet Ministers — to discuss the 2011/12 Budget. Held at Number Six Shed, the meeting focussed on stimulating growth in both Bermuda’s tourism and off-shore financial services sectors and touched on subjects... Read more of this article

Cambridge Beaches Joins Elite Collection

Cambridge Beaches, Resort and Spa in Bermuda has been accepted as a member of Preferred Boutique, a collection of intimate hotels and resorts and a brand of Preferred Hotel Group. “It is with great pleasure that I am able to announce Cambridge Beaches Resort & Spa’s new membership with Preferred Boutique. This follows a substantial period of... Read more of this article