Archive for September 16th, 2011
Allied World & Transatlantic Terminate Agreement
Bermuda-based Allied World Assurance Company Holdings has mutually agreed with Transatlantic Holdings to terminate their previously announced merger agreement. The Special Meeting of Allied World shareholders, which was scheduled to be held on September 20, 2011, has been cancelled. Under the terms of the termination agreement, Allied World will receive... Read more of this article
Opinion: Colonel Burch On The Economy
[Written by Lt.Col. David Burch] Somerset lost. Truth. The fan in me is disappointed in that – but the bigger picture thinker I hope I am – is pleased that Cup Match provided a result. After all, that’s what matters most, results. So, unlike St. George’s victory this year, my op-ed “thing” isn’t a fluke. I’m back. This time it’s... Read more of this article
Montpelier Re Declares Quarterly Dividend
The Board of Directors of Bermuda-based Montpelier Re Holdings Ltd. has declared a quarterly dividend of $0.10 per Common Share and $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A. The dividends are payable on or before October 15, 2011 to all of the shareholders of record as of September 30, 2011. Related Stories Montpelier Declares... Read more of this article
Cayman Intend To Suspend Term Limits
[Updated with Premier Cox's comments] Cayman Islands Premier McKeeva Bush said Wednesday [Sept.14] that he would ask Cabinet to temporarily suspend Cayman’s term limit on foreign workers’ residency. Mr. Bush said the proposal would be to suspend the term-limit requirements for up to two years to allow for a comprehensive review of the policy. A... Read more of this article
Bermuda-born Dolphin Dies After Accident
On Monday [Sept.12], Nea – a four-year-old dolphin born in Bermuda – died after colliding with another dolphin at a Chicago Zoo. Fox Chicago reports that, “No one saw what happened, but her trainers heard a loud pop and jumped into the water. They found Nea unresponsive and attempted CPR. Veterinary staff arrived within 10 minutes... Read more of this article
