Archive for October, 2011
XL Group Appoints Canadian Banker To Board
XL Group today [Oct. 27] announced that Suzanne B. Labarge has joined the company’s board of directors. Headquartered in Ireland with its executive offices in Bermuda, XL Group, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional... Read more of this article
Ignition Names Senior Solutions Consultant
Bermuda’s Ignition Ltd., a leader in off-shore IT services, has appointed Carlos Ferreira as their new Senior Solutions Consultant to develop and manage their ViewPoint suite of products in the offshore market. Mr. Ferreira, a professional with over 20 years in the financial and legal sectors, brings an impressive range of experience to Ignition. Together... Read more of this article
Castle Scores Hat-Trick in Indianapolis Win
A hat trick from Bermudian footballer Casey Castle led the University of Indianapolis Men’s soccer to a 3-1 win at William Jewell. William Jewell struck first, scoring with just less than eight minutes to play in the first half. Castle scored the first score in the 47th minute to tie the match 1-1. He then put the University of Indianapolis... Read more of this article
CableVision To Expand Pay-Per-View
Bermuda CableVision today [Oct.27] announced plans to expand its pay-per-view offer to customers by introducing several new digital television services in the near future. The new, advanced services will enable customers to gain instant access to a wide variety of paid – as well as free – programming options, including more HDTV, 3D TV content,... Read more of this article
Shooting Victim Remains Stable In ICU
As of 9am this morning [Oct.27] the shooting victim from Monday night [Oct.24] remains in stable condition in the Intensive Care Unit. The 21-year-old man was riding a bike in Warwick when he was shot twice in what the Police say is a gang-related incident. At around 8:20pm on Monday, the victim and a friend were riding west on Middle Road, Warwick... Read more of this article
Merger Advisory Firm’s Earnings Decrease
Bermuda’s Lazard Ltd., the biggest non-bank merger advisory firm, reported earnings decreased 15 percent excluding a one-time gain. Earnings fell to $52.9 million, or 39 cents a share, compared with $62.2 million, or 46 cents, in the same period a year earlier, the Hamilton-based firm said today [Oct. 27] in a statement. The earnings excluded... Read more of this article
Glow Worms: “Nature’s Fireworks Shows”
They’ve been described as “nature’s fireworks shows” — and an on-line resource for fish enthusiasts now says among Bermuda’s least heralded natural wonders are the stunning bioluminescent displays that appear in the water of select bays during the second and third days after a full Moon. “In the summer and early... Read more of this article
Everest Re Reports Third Quarter Earnings
Bermuda’s Everest Re Group, Ltd. this week reported third quarter 2011 after-tax operating income, which excludes net realised capital gains and losses, of $146.7 million, or $2.70 per diluted common share, compared to after-tax operating income of $149.3 million, or $2.67 per diluted common share, in the third quarter of 2010. Net income, including... Read more of this article
Energy XXI Revenues Boom During Quarter
Bermuda’s Energy XXI (EXXI) announced its quarterly results this week, reporting $0.76 earnings per share for the quarter. The company’s quarterly revenue was up 97.8 percent on a year-over-year basis. Incorporated in Bermuda, with its principal operating subsidiary headquartered in Houston, Energy XXI [Bermuda] Limited is an independent oil... Read more of this article
Opus Acquires US Fund Administration Unit
Opus Fund Services, an award winning and leading independent Bermuda fund administrator, this week announced the acquisition of the hedge fund administration unit of Agile Hedge Solutions, based in San Francisco. Opus, based in Somerset and with offices in Chicago and San Francisco, expects the transaction will immediately strengthen its West Coast... Read more of this article
Catastrophes Hit Montpelier Re Results
Montpelier Re Holdings Ltd., a leading Bermuda provider of short-tail reinsurance and other specialty lines, today [Oct. 27] reported financial results for the third quarter ended September 30, 2011. Fully converted book value per common share was $22.26, a decrease of 4.3% from June 30, 2011, after taking into account common share dividends declared... Read more of this article
Aspen Insurance Ltd. Declares Dividends
Bermuda-based Aspen Insurance Holdings Limited this week announced that its board of directors declared a quarterly cash dividend on its ordinary shares of US$0.15 per ordinary share. The dividend is payable on November 25, 2011 to the holders of record as of the close of trading on November 10, 2011. The company’s Board of Directors also declared... Read more of this article
