Archive for January 5th, 2012

Arch Re Price Target Raised

Equities research analysts at Barclays Capital raised their price target on shares of Bermuda’s Arch Capital from $38.00 to $46.00 in a research issued note to investors on yesterday [Jan.4]. They currently have an “overweight” rating on the company’s shares. Separately, analysts at Credit Suisse initiated coverage on shares of Arch Capital... Read more of this article

Film Company Files For Bankruptcy

A Bermuda company that owns rights to Morgan Creek’s international library has filed for Chapter 11 bankruptcy protection. The Bermuda-based Inverness Distribution Ltd., filed papers in Bankruptcy Court in New York on December 30. It already had filed for Chapter 15 bankruptcy protection. Under Chapter 15, Inverness was shielded from lawsuits... Read more of this article

XL: Go-Ahead For Brazil Venture

XL Group plc, headquartered in Ireland and with its executive offices in Bermuda, today [Jan. 5] announced that the group has received final approval from the Brazilian insurance and reinsurance regulator, Superintendencia de Seguros Privados [SUSEP], to establish an insurance operation in the country. XL Seguros Brasil S.A. in Sao Paulo will offer... Read more of this article

Video: Tre Houston Speaks On Training

Bermudian sprinter Tre Houston believes he can go the whole way and qualify for the summer’s 2012 London Olympic Games. Houston is just 2 tenths of a second away from qualifying for both the 100m and the 200m. In an interview yesterday at the National Sports Center he said, “To be there, to be in a lane, to represent my country, myself, family,... Read more of this article

Bermuda’s Submission: UK White Paper

The Government has released Bermuda’s submission for the 2012 White Paper on Overseas Territories that will set out the UK Government’s approach to the Overseas Territories The Government of Bermuda said the most important areas of cooperation with the UK are: national security, immigration matters, legislation and international treaties/representation. The... Read more of this article

Two Cars Damaged: Truck Accident

[Updated] At approximately 8:15am this morning [Jan.5] there was an accident at the junction of Dundonald and King Streets, which saw a trailer smash into a car, which in turn smashed into another car. A tractor and trailer combination, but with no container on the trailer, was turning right onto King Street. Before completing the turn, the trailer... Read more of this article

Photos: 2011 OptiWorlds In New Zealand

Five young Bermudian sailors have joined with over 200 young sailors from 48 countries to compete in the World Championships in New Zealand. Bermuda’s Antonio Bailey, Michael Barit, Rory Caslin, Makai Joell and Ceci Wollmann are taking on the world’s best youth sailors under the age of 16. The photos below are by Matias Capizzano, the official... Read more of this article

Whale Researcher’s Silver Bank Trip

Whale researcher, documentarian and author Andrew Stevenson is about to embark on two trips to the Silver Bank in January and February to work with experts and researchers in the humpbacks’ breeding/calving grounds. After that he expect to spend over 20 days on the water here in Bermuda, with a goal is to once again obtain 150 individual fluke IDs... Read more of this article

BCB Supports Cricket In Pan Ams

The Bermuda Cricket Board [BCB] said they are “very supportive of the efforts of Cricket Canada, and other ICC Americas’ Region NSGB’s, to promote the inclusion of cricket in the 2015 Pan American Games.” Lloyd Fray, President of the BCB noted: “The promotion of our great sport in any multi-national games event is a huge... Read more of this article

PLP & OBA: Race, Politics And Voting

After United Bermuda Party MP Kim Swan started the discussion on race and voting, both Opposition Leader Craig Cannonier and the Progressive Labour Party have weighed in on the topic. Opposition Leader Craig Cannonier said the OBA will never have a problem with the way people vote as people must vote for whichever party they believe will best support... Read more of this article

2012 Recruit Camp To Get Underway

The Regiment’s Annual 2 week Recruit Camp will begin on Sunday 15 January 2012. Last year officials said that this year’s Camp will have 80 recruits — half the 160 recruits there were the previous year — due to economics and other reasons. Commanding Officer Lt. Col. Brian Gonsalves said, “Of all the specifics that we require from... Read more of this article