Archive for March 8th, 2011
Cash Elected Business Bermuda Chairman
The Board of Directors of Business Bermuda unanimously elected David Cash as its Chairman on Friday, 4 March 2011. Mr. Cash replaces Vicki Coelho who recently completed her two-year term as the Business Bermuda Chairman. As Chairman, Mr. Cash will be responsible for working with Cheryl Packwood, the CEO of Business Bermuda, to promote Bermuda’s international... Read more of this article
Sherrita Arorash Wins Actuarial Award
Sherrita Adele Arorash, a student in a Bachelor of Science program with a major in Actuarial Science, is the third Bermudian student to receive the American Safety Reinsurance, Ltd. Award for Achievement in Actuarial Studies offered to actuarial students from Bermuda. Ms Arorash is a third year student attending the Manhattan Campus at St. John’s... Read more of this article
Seven Reported Burglaries Yesterday
There were seven burglaries yesterday, with a quantity of electronics, jewelry and cash stolen. A Police spokesman said, “There were 7 reported burglaries on Monday, March 7th 2011 – two in Sandys parish and one each in Warwick, Paget, Pembroke, Smith’s parish and Hamilton parish. Overall a quantity of electronics, jewelry and cash was taken.”... Read more of this article
Murder: Police Arrest Five People, Two Females
Five people in total, including two females, have been arrested in connection with the murder of 26-year-old Jahmiko Leshore. They have been released on Police bail to “allow the investigative team to continue to develop evidence in the case, and to receive the results of forensic tests on exhibits sent overseas”. On March 1st Jahkimo Leshore... Read more of this article
March 12: Electronic Waste Recycling Day
The Waste Management Section of the Ministry of Public Works will be holding their first e-Waste Recycling Day for 2011 this coming Saturday [Mar 12] from 9 a.m. to 5 p.m. at the Tynes Bay Waste to Energy Facility located on Palmetto Road, Devonshire. A spokesperson said, “Residents are encouraged to bring their old, worn out electronics to be... Read more of this article
Premier on 2010 Public Pension Funds
Today [Mar.8] the Premier and Minister of Finance Paula Cox reported the investment performance of the Public Pension Funds for the year ended December 31, 2010. Premier Cox said, “Last year was a favourable year for asset returns with practically all asset classes returning positive returns. I am pleased to report that as of December 31, 2010, the... Read more of this article
Bermuda Firms’ Strategies In The Spotlight
Two recent Bermuda entrants into the umbrella liability insurance market have two common strategies in their business plans — they’re steering clear of the most competitive middle-market segments and are distinguishing their firms through specialist expertise, reports “National Underwriter” today [Mar. 8]. The reinsurance trade... Read more of this article
Man Fined For Car Key Attack
This morning [Mar.8] in Magistrates Court, Silkhurst Richardson, 43-years-old, pleaded guilty to a charge of causing grievous bodily harm to Kenneth Trott and not guilty to a chage of possessing a dangerous weapon – namely a set of car keys. The charge stemmed from an altercation on 5th March 2011 in which the Prosecutor alleged that Mr Richardson... Read more of this article
100 Women Honoured For Contributions
[Updated] Today [Mar 8] serves to celebrate International Women’s Day, a global day celebrating the economic, political and social achievements of women past, present and future. International Women’s Day honours the work of the Suffragettes, celebrates women’s success, and reminds us of inequities still to be redressed. This year... Read more of this article
Omega: A ‘Baptism Of Fire’ For New Board
Bermuda-based insurer and reinsurer, Omega, today [Mar.8] reported a loss of $42.8 million for 2010, compared with the previous year’s profit of $43.6 million. Gross premium income for the year stood at $356.1 million [2009: $265.8 million] but the firm suffered a loss ratio of 84.4 percent compared with 49.3 percent in 2009. No final dividend was... Read more of this article
