Archive for February, 2011
Marsh Offices Destroyed In NZ Earthquake
The Christchurch office of Marsh — a unit of Marsh & McLennan Companies [MMC] headed by Bermudian Brian Duperreault– collapsed as a result of the 6. 3 magnitude earthquake that struck the South Island of New Zealand on Tuesday [Feb. 22] Marsh is tenanted at the Pyne Gould building in downtown Christchurch. Pacific Region Head of Marsh... Read more of this article
Northern Offshore ‘Pleased’ With Results
Northern Offshore, Ltd. — a Bermuda holding company which operates offshore oil and gas production and drilling vessels in various markets around the world — today [Feb.24] reported that the financial results for the current quarter included an after-tax, non-cash charge of $205.4 million, or $1.32 per diluted share, due to a valuation impairment... Read more of this article
NYSE Suspends Trading In Troubled Gerova
Gerova Financial Group, Ltd., the troubled Bermuda financial services company, announced today [Feb. 24] that the New York Stock Exchange has elected to halt trading pending the firm’s disclosure of additional information involving its operations, management restructuring and business plans. Gerova Chief Financial Officer Michael Hlavsa said:... Read more of this article
Budget Review: City Meeting Postponed
The City of Hamilton’s public monthly meeting which is usually held on the first Wednesday of each month will postponed to Wednesday March 9, 2011. Mayor of Hamilton Charles Gosling said, “We have no choice but to delay next month’s meeting by one week. The additional time will give us an opportunity to review in detail how the 2011-2012 Budget,... Read more of this article
Bolinder Named As Endurance Chairman
Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, today announced that William H. Bolinder has been elected to serve as Chairman of the Board of Directors effective March 3, 2011. Mr. Bolinder has been a member of Endurance’s Board of Directors since December 2001 and the... Read more of this article
BSX Approves Jiangsu Yuyue Listing
The Listing Committee of the Bermuda Stock Exchange (BSX) announced the approval of the listing of Certificates in respect of shares in Jiangsu Yuyue Medical Equipment Co. Ltd. issued pursuant to CLSA Financial Products Ltd.’s Asian Securities Programme under the Exchange’s Restricted Marketing provisions for Qualified Investors. CLSA Financial... Read more of this article
Fairmont Wins Platinum Adrian Award
The Fairmont Southampton has been awarded the prestigious Platinum Adrian Award. Shelley Meszoly, Fairmont Bermuda’s regional director of sales and marketing, was presented the award at the Hospitality Sales and Marketing Association International (HSMAI) award gala event held recently in New York City. Ms. Meszoly’s award winning project “Tea... Read more of this article
Argo Group Makes New Board Appointments
Bermuda headquartered Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, today [Feb. 24] announced it has appointed Kate Nealon and Nabil N. El-Hage to its board of directors. “We are pleased to have these two accomplished and well-respected individuals join our board,” said Argo... Read more of this article
‘Reinsurance Moving To Seller’s Market’
Standard & Poor’s Ratings Services said that the Christchurch earthquake places further downward pressure on the earnings of the general insurers in New Zealand. However, the capital strength and extensive reinsurance protection of major general insurers provided by Bermuda and other international carriers would likely limit negative rating... Read more of this article
Caves A Passageway To Fantasy In Book
Crystal Caves prove to be as enchanted as they are enchanting in a Bermudian author’s new book about an orphan who finds they provide a passageway to adventure and fantasy. In “Freedom of Choice: The Vagabond’s Tale: An Exciting Tale of Folklore and Mythology in the Island of Bermuda”, a nine-year-old orphaned girl discovers... Read more of this article
Tomorrow’s Voices Receives Donated Van
The staff and students of Tomorrow’s Voices-Bermuda Autism Early Intervention Centre were given a much needed boost recently as the charity was the recipient of a second hand van, donated by Bermuda Cancer and Health Centre. The van, which will be used to transport Tomorrow’s Voices’ clients and staff around the Island, was previously used to... Read more of this article
Container Headed to Haiti on Friday
After one year, Capital G and Style Bermuda will watch their container full of donated clothes ship to Haiti on Friday, February 25th, 2011, thanks to the Missions Board from First Church of God, North Shore, Pembroke. The clothes were collected from Capital G and Style Bermuda’s clothing drive, “Fashion Gives,” held back in February 2010, to... Read more of this article
