Archive for November 17th, 2011
77 Entries So Far: Christmas Boat Parade
It’s not too late to enter your boat in one of the most spectacular events of the holiday season. The Christmas Boat Parade will set sail from the Royal Bermuda Yacht Club at 6:30 pm on Saturday December 10th. Seventy seven boats have already registered but organisers say that there is space for additional boats and are encouraging interested boat... Read more of this article
Board Approves OneBeacon Dividend
At its regular meeting held on November 16, 2011, the OneBeacon Insurance Group, Ltd. board of directors declared a $0.21 per share quarterly dividend, payable in cash on December 30, 2011, to holders of record of common shares as of the close of business on December 16, 2011. OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company that... Read more of this article
Wingate Recalls Historic Cahow Expedition
Bermuda made ornithological history — and front page news around the world — in 1951 when 18 breeding pairs of Cahows were discovered by an expedition led by American biologist Robert Cushman and Bermuda Museum, Aquarium & Zoo curator Louis Mowbray. A Bermudian schoolboy — 15-year-old David Wingate — accompanied the team... Read more of this article
Renaissance Re Declares Dividend
The board of directors of Bermuda’s RenaissanceRe Holdings Ltd. announced today [Nov. 17] a quarterly dividend of $0.26 per common share on its common stock. The dividend is payable on December 30, 2011 to shareholders of record on December 15, 2011. RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company’s... Read more of this article
Former GE Executive Named To Aspen Board
Aspen Insurance Holdings Limited today [Nov.17] announced that the company’s board of directors has appointed Mr. Ron Pressman to the Board in a non-executive capacity with immediate effect. Mr Pressman has also been appointed to the Company’s Compensation and Investment Committees. Mr. Glyn Jones, Chairman of the Board commented: “I... Read more of this article
S&P Upgrades Alterra Capital Ratings
Standard & Poor’s Ratings Services said this week that it has raised its financial strength rating and counterparty rating on Bermuda-based Alterra Capital Holdings Ltd.’s core companies. The New York-based rating agency cited improved operations following the “successfully completed” merger of Max Capital Group Ltd. and Harbor Point Ltd.... Read more of this article
Video: PLP Candidate Jonathan Smith
[Updated with video] Continuing their candidate roll outs this morning [Nov.17], the Progressive Labour Party announced that Senator Jonathan Smith will be their candidate for Constituency #28, Warwick West Warwick West is presently held by the OBA’s Mark Pettingill, who won under the UBP’s banner in 2007 with 62.07% of the vote over the... Read more of this article
Seadrill Rig Awarded Two-Year Extension
Bermuda’s Seadrill has been awarded a two-year extension for the ultra-deepwater semi-submersible rig West Aquarius which is currently operating in Asia under a worldwide contract for ExxonMobil. It is anticipated that the extension period will primarily involve operations in the North Atlantic area. An estimated period of 106 days will be required... Read more of this article
BF&M ‘Satisfied With Financial Results’
Bermuda’s BF&M Limited today [Nov.17] announced net earnings for the 9 month period ended September 30, 2011 of $16,688,016, resulting in a return on shareholders equity of 12%. These results compared with net earnings of $16,899,331 for the comparable nine month period in 2010. President & CEO, John Wight stated that “we were satisfied... Read more of this article
Bermuda Risk Management Group Established
A new regional group of the London‐based Institute of Risk Management [IRM] has been established in Bermuda. The formation of the new regional group in Bermuda reflects rising local interest in a professional approach to risk management. IRM chairman Alex Hindson commented: “Effective management of risk is becoming increasingly important for... Read more of this article
Crime: Enforcement And Outreach
Economic growth goes hand-in-hand with public safety and Government’s efforts to stimulate the economy will only succeed if Bermuda reins in violent crime, National Security Minister Wayne Perinchief said yesterday [Nov. 16] Expanding on initiatives for his Ministry announced in the Throne Speech, Mr. Perinchief [pictured] said prison sentences... Read more of this article
Caledonian Society Marks St. Andrew’s Day
The Caledonian Society of Bermuda marks its 75th anniversary this year, making its annual St. Andrews Ball a particularly special event. The Ball celebrates St. Andrew, the patron saint of Scotland, and has proven to be one of the most high-profile events on the Bermuda social calendar. “However, to celebrate this landmark, the Society is pulling... Read more of this article
