Archive for August 4th, 2011
First Half 2011: Catlin Reports $201M Loss
Bermuda-based re/insurer Catlin Group Ltd reported its financial results for the six-month period ended 30 June 2011 today [Aug.4]. Chief Executive of Catlin Group Limited, Stephen Catlin [pictured] said: “The unprecedented series of natural catastrophes during the first half of 2011 caused the Group to report a loss before tax of US$201 million.... Read more of this article
‘Kes The Band’ To Perform In Bermuda
The Bermuda Summer Jam featuring Trinidadian soca group ‘Kes The Band’ will be held on August 27th at Tiger Bay. Bermuda’s own Pulse will start the show, and will be followed by local DJ Y.G.S. DNice & D’General will get the crowd warmed up to your Soca favorites, which will lead to the main event, Kes The Band. The... Read more of this article
Archer To Buy Great White Energy Services
Bermuda based Archer Limited, through a wholly-owned subsidiary, has signed a definitive Purchase and Sale Agreement for the acquisition of all the operating companies of Great White Energy Services a company formed by Wexford Capital LP, in a transaction valued at $742 million on a cash and debt free basis. The transaction is expected to close in the... Read more of this article
Jonathan Clipper Joins BCB Bank Board
Bermuda Commercial Bank Limited announced the appointment of Jonathan Clipper to its Board of Directors. Mr. Clipper comes to the Bank with over 30 years of international experience within the financial sector. Mr. Clipper is currently the Managing Director of Headland Management Ltd, a Bermuda company specializing in providing independent directors... Read more of this article
Not Guilty Plea: Threatening Minister DeSilva
This morning [Aug.4] 51-year-old Richard Foggo appeared in Magistrates Court, and was charged with threatening behaviour and threatening words. He pleaded not guilty on both counts. The incident is said to have occurred August 2nd at the Cabinet Office, with the alleged threats made against Minister of Health Zane DeSilva. Mr Foggo got bail in the... Read more of this article
Bill To Create Immigration Appeals Tribunal
The Bermuda Immigration and Protection Amendment Act 2011 passed in the Senate yesterday [Aug.3]. The Bill paves the way to establish an immigration appeals tribunal. Previously in the House of Assembly, National Security Minister Wayne Perinchief said the Bill “creates an independent and impartial Immigration Appeals Tribunal, separate from the Executive... Read more of this article
Allied World 2011 Q2 Net Income: $93.8M
Allied World reported net income of $93.8 million for the 2011 second quarter, a reduction from last year’s $184 million. A statement released by the Company said, “Allied World Assurance Company Holdings reported net income of $93.8 million, or $2.36 per diluted share, for the second quarter of 2011 compared to net income of $184.0 million,... Read more of this article
Video: Swimmers Return From Shanghai, China
Last night [Aug.3] two swimmers arrived in Bermuda after competing at the 14th FINA World Championships held in Shanghai, China. Both Julian Fletcher and Roy-Allen Burch returned home, while fellow team member Kiera Aitken went back to Spain where she lives and trains. The event saw the three Bermudian swimmers go up against the best in the world, with... Read more of this article
New DVD: 1961 Film Featuring Bermuda Actor
A 50-year-old British movie featuring Bermudian actor Earl Cameron is scheduled to be released on DVD next month. Oklahoma-based VCI Entertainment will be releasing the DVD of “Flame In The Streets” on September 20, 2011. The 1961 film takes a look at the racial prejudice in the era, something which Mr Cameron faced off screen during his career. Born... Read more of this article
Award Winners Head To Conference In Kenya
This September, The Duke of Edinburgh Award Programme will host what is known as the ‘International Gold Event’ (IGE) – a youth led leadership conference for selected Gold Award holders from around the world. A Bermuda contingent will attend the conference in Kenya, and anyone interested in donating materials for Kenyan schools is welcome to... Read more of this article
Endurance Declares $0.30 Quarterly Dividend
Yesterday [Aug.3] Bermuda-based Endurance Specialty Holdings Ltd. declared a quarterly dividend of $0.30 per ordinary share, $0.484375 per share payable on its 7.75% Non-Cumulative Preferred Shares, Series A and $0.46875 per share payable on its 7.50% Non-Cumulative Preferred Shares, Series B. The dividend on Endurance’s outstanding ordinary... Read more of this article
Dunkley Responds To Questions From The PLP
In the Senate last week, OBA Senator Michael Dunkley suggested we expand the Economic Empowerment Zone [EEZ] throughout the island, something the PLP questioned saying “by extending the EEZ beyond Somerset, St. George’s and NE Hamilton, you take away important incentives for businesses to invest in these communities.” As they did last... Read more of this article
