Archive for November 23rd, 2011
ABIR Urges Brazil To Lift Restrictions
The Association of Bermuda Insurers & Reinsurers [ABIR] has joined with other global insurance groups to urge Brazil to lift reinsurance restrictions in one of the world’s leading emerging markets. ABIR — the public policy branch of Bermuda’s off-shore re/insurance industry — is part of a coalition of 18 international insurance... Read more of this article
Day #2: Team Rock Island Racing
Team Rock Island Racing competed on the second day of the Super Cross competition known as the Mini O’s (Mini Olympics) in Gainesville, Florida. Zamair Darrell seeing action for the first time overseas at this level competed in the 65cc 7-9 Modified Class finished in 13th Place. This this result moves Darrell through to the Finals in both 65cc 7-9... Read more of this article
Douglas Family Bermuda Thanksgiving
Former celebrity residents Michael Douglas and Catherine Zeta-Jones are spending US Thanksgiving in Bermuda this week — the first time the superstar couple will have been back on the island together since the actor/producer received the all-clear from throat cancer. Entertainment website Extra caught up with two-time Oscar winner Mr. Douglas... Read more of this article
Record Number Of SPIs Form In Bermuda
The back-to-back series of global catastrophes which caused so much devastation — and so many insurer losses — early in 2011 also spurred the formation of special purpose insurers [SPIs] in Bermuda with 17 formed this year, the largest number to date. The majority of those formations have been created for issuing catastrophe bonds, and... Read more of this article
Police Hold Strategic Firearms Training
The Bermuda Police Service [BPS] is currently delivering a Strategic Firearms Commander [GOLD] Course at the Police Training Centre, Prospect. The course, which is running from 21-25 November 2011, is designed primarily to meet the needs of officers of Chief Inspector rank and above whose current roles and responsibilities include strategic command... Read more of this article
Canada’s One-Time Bermuda Diplomat Dies
Canada’s diplomatic representative to Bermuda in the 1970s has died in London, Ontario at the age of 85. Barry Steers was a familiar figure on the island when he simultaneously served as the Canadian Commissioner to Bermuda while he was also that country’s High Commissioner in New York. He joined the Canadian Trade Commissioner Service in... Read more of this article
Zacks Upgrades Endurance Speciality
Bermuda’s Endurance Specialty Holdings was upgraded by equities research analysts at Zacks Investment Research from an “underperform” rating to a “neutral” rating in a research note issued to investors today [Nov. 23]. Endurance Specialty Holdings Ltd. is a holding company. Through its operating subsidiaries based in Bermuda, the United... Read more of this article
Bermuda Ranks In ETF Top Five
Bermuda has become one of the top five overseas jurisdictions for US-listed exchange traded funds, a website specialising in the investments reports today [Nov.23]. Along with Switzerland, Canada, China and the United Kingdom, Bermuda is among the most represented countries based on American-listed equity ETFs says the on-line ETF Data Base [ETFdb].... Read more of this article
Norwegian Bank To Support Frontline
Norway’s largest financial services group DNB ASA — a lender to Bermuda oil-tanker operator Frontline Ltd. — said it will back the shipping company through an industry slump that slashed returns from hauling crude at sea, the Bloomberg business news service reports today [Nov.23]. Frontline, whose main shareholder is Norwergian-born... Read more of this article
Trust’s St. George’s Christmas Walkabout
It’s beginning to feel a lot like Christmas with the Bermuda National Trust announcing its annual holiday season walkabout in St. George’s. Trust executive director Jennifer Gray says the walk in the old town — which has become something of a Bermuda Christmas tradition in recent years — will be held on Friday December 2 from... Read more of this article
US Treasury Will Offer “Vigorous Defence”
The US Treasury Department expects to “vigorously” defend its actions in the wake of the near-collapse of American International Group Inc. [AIG] in 2008, it said in a response to a suit by Bermuda-based Starr International Co. Inc. claiming Washington DC’s actions were unconstitutional. In the suit filed Monday [Nov. 21] in the US Court... Read more of this article
Minister To Appear At Forum On Police Powers
Bermuda’s Centre for Justice will be hosting a public forum next Wednesday [Nov. 30] entitled: “The Balance between Public Safety and Liberty: Policy Stop and Search Powers.” The forum has been organised following an increase in the use by the police of their stop and search powers in response to gun crime, said a spokesman. “It will... Read more of this article
