Archive for December 19th, 2011
California To Approve More Cat Bonds
California is set to approve more catastrophe bonds for earthquake coverage following the success of its inaugural venture with a Bermuda special-purpose reinsurance vehicle. The California Earthquake Authority, the largest earthquake insurer in the United States, is currently tapping the capital markets and federal legislation to make coverage more... Read more of this article
BDOT Launches Spring Break Incentive
In a bid to revive College Weeks, the Bermuda Department of Tourism [BDOT] is reaching out to young Bermudans studying abroad in North America with an incentive to bring friends and fellow students to the island to celebrate Spring Break in 2012. Available during the weeks of February 18-24, March 3-9 and March 10-16, 2012, Bermuda Spring Break offers... Read more of this article
‘Drummer Boy’ A Christmas Classic
A Bermudian take on the classic Christmas song “Little Drummer Boy” — with Gombey drums providing the “pa rum pum pum pums” — has become an instant local Yuletide tradition. Released last year by Wendell [Shine] Hayward, ”Saxy Drummer Boys” features the renowned Bermuda jazz artist on saxophone with... Read more of this article
Future Bermuda Alliance ‘Open Mic’
On Friday night [Dec.16] the Future Bermuda Alliance – the One Bermuda Alliance youth group – hosted an Open Mic event at Docksiders Pub. Anthony Francis, who will stand as the OBA’s candidate in Constituency #13 Devonshire North Central, said “We have had 100, 150 people here. We’ve talked about every aspect of Government... Read more of this article
Football: Shield and Friendship Results
Despite the inclement number of football games took place across the island yesterday [Dec.18], the results follow below: Sheild: Ireland Rangers 0 Flanagan’s Onion’s 8 At Malabar, visiting Flanagan’s Onion’s advanced to the next round of the Shield with a 8 – 0 win over Ireland Rangers. Flanagan’s got hat-tricks from Keston Lewis and Peter... Read more of this article
HSBC Bermuda Executive Joins Barclays
HSBC Bermuda’s Karla Maloof, the bank’s Head of Global Banking and a member of the Senior Management Committee, has joined Barclays Corporate’s Non-Bank Financial Institutions [NBFI] team as Head of Insurance, North America. Based in New York, Ms Maloof will be responsible for developing and leading the regional strategy for the insurance... Read more of this article
OneBeacon Expands LPG Offerings
OneBeacon Professional Insurance, a member of Bermuda-domiciled OneBeacon Insurance Group, today [Dec.19] announced it is expanding its Lawyers’ Professional Liability [LPL] offerings to include network security and privacy [NSP] liability coverage, made available to its customers in two ways — as an endorsement to its LPL policy, or as... Read more of this article
Wilson To Take Helm At Sirius America
Sirius International Insurance Group, Ltd., the reinsurance unit of Bermuda’s White Mountains Insurance Group, Ltd., announced today [Dec. 19] the retirement of Dwight Evans, President and CEO of Sirius America Insurance Company, effective December 31, 2011. Dan Wilson, currently Chief Operating Officer of Sirius America, will become President... Read more of this article
Video: Bermuda Tax Regime Criticised
A renowned US economist says countries which lower their tax rates to attract foreign capital are “entering into a race to the bottom that will ultimately undermine their economies” — and criticises multinationals including Google for “park[ing] a lot of its international earnings in Bermuda.” Professor Jeffrey Sachs [pictured],... Read more of this article
Record Low Temperature Overnight
Bermuda became a genuine winter wonderland early this morning [Dec.19] — experiencing a record low temperature when the thermometer plunged to 54F/12.2C at 2am during a powerful storm. As gale-force winds pounded the island during the wee hours the mercury dropped with Bermuda Weather Service meteorologist James Dodgson saying: “The lowest... Read more of this article
Netball Youth League Results
On Saturday [Dec.17] youth teams of the Bermuda Netball League met up at Bernard’s Park, with Danielle Onyia the high scorer of the day with 41 goals for Signworx. Under 12 Division The Netts Green got 16 goals from Nyumi Tear and 5 goals from Nabiillah Nasir as they defeated the Colts Warriors 21 – 12. Delia Ebbin and Zahria Furbert scored... Read more of this article
Power Outage For Devonshire Residents
Hundreds of Devonshire residents lost power last night [Dec.18], due to problems with a utility pole. Power went off in the Glebe Road, North Shore and Derwent Lane area early yesterday afternoon, and then again for a brief period yesterday evening. BELCO workers are pictured below repairing a pole at the junction of Glebe Road and Derwent Lane at... Read more of this article
