Archive for May 26th, 2011
Gombeys, Cheerleaders Launch AirTran Flight
Bermuda Gombeys and the Atlanta Falcon cheerleaders helped AirTran Airways this morning [May 26] inaugurate its daily nonstop service between Hartsfield-Jackson Atlanta International Airport and L.F. Wade International Airport. “AirTran Airways is committed to providing our customers with excellent service and low fares to fantastic destinations... Read more of this article
Paraline CEO Graham Sets Date For Departure
The board of directors of Paraline Group, the Bermuda-domiciled insurance and reinsurance company, today [May 26] announced Jack Graham has set a date to leave his position as CEO of the group and of ICAT Managers, its underwriting subsidiary. Mr. Graham will continue on the board of directors and will remain involved in developing the group’s... Read more of this article
Best Affirms Top Layer Re’s ‘A+’ Ratings
A.M. Best Co. has today [May 26] affirmed the financial strength rating [FSR] of ‘A+’ [Superior] and issuer credit rating [ICR] of “aa-” of Bermuda-based Top Layer Reinsurance Ltd., both with stable outlooks. The ratings reflect the “substantial amount of support Top Layer receives from its co-owners, State Farm Mutual Automobile Insurance... Read more of this article
BDA Golf Association Hosts New Tournament
The Bermuda Golf Association [BGA] is pleased to announce the Bermuda Open Championships. An exciting, newly created golf tournament, sponsored by HSBC, which will be played from June 16 to June 19 at the Port Royal Golf Course in Southampton. This brings three former stroke play championships – Professional Open Tournament, Bermuda Amateur Seniors... Read more of this article
White Mountains Re Posts A $37.53 Dividend
White Mountains Re Group, Ltd., the Bermuda-based reinsurance unit of White Mountains Insurance Group, Ltd., yesterday [May 25] has declared a dividend of $37.53 per share, payable in cash on or before June 30, 2011, to holders of record of its fixed/floating perpetual non-cumulative preference shares as of the close of business on June 29, 2011.... Read more of this article
AuclairRe Appoints Rory Young As Senior VP
Reinsurance intermediary firm AuclairRe International, Inc. — which provides specialised structured, retrocessional and loss portfolio placements in the Bermuda and US marketplaces — has announced the expansion of its reinsurance practice with the addition of Rory Young ]pictured] as senior vice president, Life Accident & Health. AuclairRe... Read more of this article
Michael Carr Joins Argo Group International
Bermuda-based Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, announced today [May 26] that Michael Carr has joined the company as underwriting vice president for the Errors & Omissions (E&O) division of Argo Pro. He will be based in the Chicago office and will report to... Read more of this article
OneBeacon Insurance Ltd. Declares Dividend
Bermuda-domiciled holding company OneBeacon Insurance Group, Ltd. yesterday [May 25] declared a combined regular and special dividend of $1.21 per share, payable in cash on June 30, 2011, to holders of record of common shares as of the close of business on June 17, 2011. The company will distribute approximately $114 million through this dividend.... Read more of this article
Upcoming U/14 Bermuda Rugby Tour Of Ontario
Bermuda’s Under/14 National Rugby Team will embark on a tour of Ontario on June 2nd- June 5th and will be hosted by Trinity College School [TCS] in Port Hope Ontario. The school kindly hosted the U16 team earlier this year. Twenty-four young rugby players from seven different schools across the island have been training hard three days a week with... Read more of this article
Artist Walters To Show Her ‘True Colours’
“I paint what I feel,” says the Bermuda-based artist. “Sometimes the canvas is as dark as my mood and sometimes it overflows with colour when I’m happy.” That’s how Tricia Walters describes the work in her first solo exhibit, “True Colours”, which opens at the Bermuda Society of Arts City Hall gallery on June 10. “When I’m... Read more of this article
Search Is Underway Off Bermuda For Crewman
At 6 pm local time on Wednesday [May 25], the 20,676-ton Hong Kong-registered container ship MSC “Tuscany” contacted Rescue Coordination Centre Bermuda reporting a possible man overboard in position approximately 174 nautical miles southwest of Bermuda. The 30-year-old chief engineer who was last sighted onboard at 10.30 am local time yesterday... Read more of this article
Rift Develops: Stand Up Bermuda Group
[Updated] A rift has developed in the newly formed anti-violence group Stand Up Bermuda between members of the committee and Jahma Gibbons — and the two sides will now be going their separate ways. The entire committee had only met in person recently, as Mr. Gibbons had been in the US and only just returned to the island. Group organiser Shawnette... Read more of this article
