Archive for August 11th, 2011
BIU Port Workers: Hamilton Dock Overtime Ban
[Updated] Retailers may soon face delays in getting goods on the shelves, as the BIU Port Workers Division has instituted an overtime ban on the Hamilton docks. Last night [Aug.10] Bermuda Container Line said, “Stevedoring Services has informed us that overtime has been withdrawn by their workforce as of today. This is in response to the collapse... Read more of this article
StyleBermuda ‘Photoshoot War’: Swimsuits
Three local photographers put their talents to the test for Style Bermuda’s latest fashion segment: Photoshoot Wars. “We chose three of our favorite local photographers – Alex Masters, Anthony Francis and Kageaki Smith, and asked them for their own take on one of our favorite parts of summer, the Swimsuit,” said Melissa Fox, Style Bermuda’s... Read more of this article
U.S. Activist To Speak At Labour Day Banquet
September 5, 2011 will mark the 30th Anniversary of the celebration of Labour Day in Bermuda, and the theme of this year’s Labour Day is ‘Sustaining Trade Unionism’. To help celebrate this year’s Labour Day, the BIU has invited Lawrence Hamm, President of the New Jersey based People’s Organization for Progress to deliver the keynote... Read more of this article
Flagstone Reinsurance Realigns Management
Flagstone Reinsurance Holdings announced that Gary Prestia [pictured] has been appointed Chief Executive Officer of Flagstone Representatives (US) Inc., and Chairman of Mosaic NY, effective September 1st, 2011. Mr. Prestia will be stepping down as Chief Underwriting Officer – North America at Flagstone Réassurance Suisse SA and underwriting responsibilities... Read more of this article
A.M. Best Affirms Ratings of BF&M Limited
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings of “a” of BF&M Life Insurance Company Limited and BF&M General Insurance Company Limited. A.M. Best also has affirmed the ICR of “bbb” of BF&M Limited. The outlook for all ratings is stable. All companies are domiciled in Hamilton,... Read more of this article
RenaissanceRe: $0.26 Quarterly Dividend
The Board of Directors of Bermuda-based re/insurer RenaissanceRe Holdings Ltd announced a quarterly dividend of $0.26 per common share on its common stock. The dividend is payable on September 30, 2011 to shareholders of record on September 15, 2011. Last month RenaissanceRe reported a 2011 second quarter net income of $24.8 million, a reduction of... Read more of this article
