Archive for November 29th, 2011
Protected Species Penalties Toughened
New measures approved by Parliament on Friday [Nov.25] stiffen penalties for harming the island’s protected species including the Cahow, Bermuda Skink, Spotted Eagle Ray, Green Turtle, Diamondback Terrapin, Yellowwood, Bermuda Killifish, Bermuda Bedstraw, Bermuda Snowberry and Bermuda Cedar. Amendments to the Protected Species Act will see penalties... Read more of this article
Major Changes To Island’s Companies Act
Major changes to the way Bermuda’s off-shore sector conducts business on the island were introduced in Parliament on Friday [Nov. 25]. The Companies Amendment [No. 2] Bill 2011 was tabled in the House of Assembly by the Ministry of Business Development & Tourism. The proposed legislation proposes significant amendments to the Companies Act 1981,... Read more of this article
American Airlines Files For Bankruptcy
The parent company of American Airlines, one of the key air carriers serving Bermuda, filed for bankruptcy protection in the US this morning [Nov.29]. The airline has daily flights to Bermuda from New York and Miami and plans on continuing with its regular schedules while it works through a major corporate restructuring. According to a report in today’s... Read more of this article
Young Bermudian Lawyer Called To Bar
Bermuda’s Supreme Court was full of friends, family and colleagues on Friday [Nov. 25] as young Bermudian lawyer Stephanie Paiva Sanderson was admitted to the Bermuda Bar by Justice Ian Kawaley. Mrs. Sanderson said, “I’m very happy to have achieved this step, and I would sincerely like to thank everybody who has supported me through... Read more of this article
CTC Insurance Community Day
On November 24th 2011 the CTC Insurance Management (Bermuda) Ltd. staff worked at WindReach Bermuda for their annual community giving day. The staff members who volunteered on November 24th were able to assist the staff of WindReach in sprucing up the gardens and grounds prior to the WindReach Expo 2011 that was scheduled for November 25th 2011.... Read more of this article
Astrochimp’s 1961 Bermuda Splashdown
Chimpanzees are the forgotten link in America’s manned space programme — with the first, simian-piloted US space capsule to orbit the earth splashing down off Bermuda 50 years ago today [Nov. 29]. When the space programme was in its infancy in the early 1960s, the US National Aeronautics & Space Administration used chimps to test how... Read more of this article
Omega Confirms Byrne May Lower Bid
Bermuda-based reinsurer Haverford may lower its bid for a 25 percent stake in London-listed rival Omega, Omega confirmed today [Nov. 29] — just 24 hours before the offer is due to expire. “[Haverford] has communicated the possibility of a new proposal at a fixed price or at a range with lower cap and floor prices than the current offer,”... Read more of this article
Day #1: 2011 BCS BSRA Club Champs
The big news on the Opening Night [Nov.28] of the 2011 BCS BSRA Club Championships is that the number 2 seed in the Ladies Event, Denise Kyme has withdrawn due to illness. Kyme was chasing a record 9th title having won her first back in 1980. In Men’s Open action, Malcolm Woodley defeated Shane McDonnell in four sets 17-15, 11-6, 8-11, 11-6, while... Read more of this article
Bonuses For White Mountains Executives
Bermuda’s White Mountains Insurance Group has rewarded its top executives with $6.75 million in special bonuses for their work in building up and selling off the company’s Esurance and Answer Financial units, the company disclosed last week to the US Securities & Exchange Commission. The company’s compensation committed approved... Read more of this article
Arthur Rankin’s ‘Rudolph’ Lights Up CBS
A Bermuda filmmaker’s Christmas gift to the world will light up CBS tonight [Nov. 29] when “Rudolph the Red-Nosed Reindeer” airs once again. The iconic special — first aired on NBC in 1964 — made its debut on CBS 39 years ago. It has been shown on one of the US networks every year since its premiere airing and remains the... Read more of this article
Assured Guaranty’s New EMC Complaint
Bermuda bond insurer Assured Guaranty Ltd. has come forward with three dozen new witnesses who it says will back a legal claim that it was defrauded by JPMorgan Chase & Co.’s EMC Mortgage unit in a $337 million mortgage-backed securities deal. Lawyers for Hamilton, Bermuda-based Assured Guaranty filed a new complaint unsealed yesterday [Nov.... Read more of this article
Award For BDOT’s Grand Central Event
The Hospitality Sales & Marketing Association International [HSMAI] will recognise the Bermuda Department of Tourism [BDOT] with a Bronze Adrian Award for public relations excellence for its winning entry in the 55th Annual Adrian Awards, the largest and most prestigious travel marketing competition globally. This year’s contest attracted nearly... Read more of this article
