Archive for May 9th, 2011
Two Teenage Girls Charged After Fight
Following a fight in Hamilton last week, two teenage girls were this morning [May 9] charged with “affray” in Magistrates Court. Both pleaded guilty, and after hearing evidence and explanations, both were given Conditional Discharges with supervision. The charges stem from an altercation between the two girls outside Digicel on Court Street at 5:00pm... Read more of this article
LOM (Holdings) Limited: Share Repurchase
In a filing to the Bermuda Stock Exchange (BSX), LOM (Holdings) Limited announced that in April, 2011 it purchased 14,500 of its own shares for cancellation at the average price of $3.07 per share. LOM is authorized to purchase shares from time to time in the open market, or privately negotiated transactions, or block trades. The number of shares... Read more of this article
Stand Up Bermuda: June 26 Peace Rally
A newly formed anti-violence group is calling on the community to join them on June 26th for the ‘Stand Up For Change Peace Rally.’ ‘Stand Up Bermuda’ is organizing the event, which will see two groups marching from both Dockyard and St.George’s starting from 12 noon. The march will end at City Hall, where the group will... Read more of this article
BSX: Four Decades of Securities Trading
The Bermuda Stock Exchange [BSX] is celebrating its fortieth anniversary and, to mark the milestone, has produced a commemorative publication entitled “Four Decades of Securities Trading”. From ping pong balls to state-of-the-art technology the publication traces the Exchange’s vibrant forty-year history and seeks to offer insight into the Exchange’s... Read more of this article
Hiscox Predict Catastrophe Rate Increases
Bermuda-based Hiscox, the second-largest Lloyd’s of London insurer by market value, said first-quarter sales fell eight percent amid a “tough” market — but anticipated a rate increase of up to 10 percent in US catastrophe reinsurance business for 2011. In a statement issued today [May 9], Hiscox said gross written premiums declined to $743.4... Read more of this article
NYT: States Seek To Keep Captives Onshore
Vermont, Utah, South Carolina, Delaware and Hawaii are among the states now reworking their regulatory frameworks to attract the lucrative private insurance deals once conducted almost exclusively in Bermuda, the “New York Times” reports today [May 9]. In order to keep high-end US re/insurance transactions onshore, a number of states are... Read more of this article
May 11: Screening Of “500 Years Later”
This coming Wednesday [May 11] Part 1 of the award winning film “500 Years Later” will be shown from 6:00 – 8:00 pm at Chewstick, located on the corner of Elliott & Court Streets. The film’s synopsis says, “Filmed in five continents, and over twenty countries, 500 Years Later is a timeless compelling journey, infused with the... Read more of this article
Results: School Mountain Biking Champs
Bermuda Institute won the Middle School title and Saltus Grammar took the top spot in the Primary race at Sunday’s Primary & Middle Schools Team Mountain Biking Championship at the Arboretum. 14 primary schools and 4 middle schools contested the races which were organized by the Bermuda Bicycle Association (BBA) and supported by the Bermuda... Read more of this article
Photos: Military Aircraft Leave Bermuda
At approximately 10:45am yesterday [May 8], motorists once again came to a stop on Kindly Field Road to witness visiting military aircraft, this time, preparing to leave. Two large Royal Air Force aircraft have been seen parked at the LF Wade International Airport together with a total of eight smaller fighter type jets. This morning saw one large... Read more of this article
