Archive for January 20th, 2012

Argo Estimates Floods Up To $35M

Argo Group International Holdings, Ltd. announced that it expects to report in its 2011 fourth quarter results its estimate for pre-tax catastrophe losses from the severe flooding in Thailand of approximately $25 million to $35 million, net of reinsurance and reinstatement premiums. In reaching this estimate, the Company has relied on information currently... Read more of this article

Endurance Estimates Thai Floods: $76M

Bermuda-based Endurance Specialty Holdings Ltd. announced that its initial loss estimate related to the floods that occurred in Thailand in the fourth quarter of 2011 is $76.5 million. The losses predominantly impacted Endurance’s property reinsurance book of business. In addition to the losses related to the Thailand floods, Endurance announced... Read more of this article

Erskine Phillips Jailed For 12 Years

34-year-old Erskine Phillips was sentenced to 12 years in prison yesterday [Jan.19], after pleading guilty to offences involving breaking into a home last year while armed with a numbers of items including a stun gun, duct tape, condoms and a bladed weapon. The charges relate to an incident which occurred on 20 June 2011. Mr Phillips broke into his... Read more of this article

Video: Plane Diverts To Bermuda

Last night [Jan.19] emergency vehicles met an arriving Thomson Aircraft at LF Wade International Airport, for what we unofficially understand was a medical emergency. Thomson flight #59 was on its way from Bridgetown, Barbados to London when the plane diverted to Bermuda. Fire trucks followed the aircraft along the runway to the airport terminal where... Read more of this article