Archive for January 24th, 2012

Endurance Speciality Rating Lowered

Bermuda’s Endurance Specialty Holdings was downgraded by analysts at Zacks Investment Research from a “neutral” rating to an “underperform” rating in a research note issued to investors today [Jan. 24]‘ Through its operating subsidiaries based in Bermuda, the United States and the United Kingdom, Endurance underwrites specialty lines... Read more of this article

Bank: Lancashire Exposed To Ship Disaster

Bermuda-based Lancashire Holdings Ltd. will likely post a $20 million to $30 million loss from the grounding of the cruise ship “Costa Concordia” off the coast of Italy this month, analysts at a British bank said yesterday [Jan. 23]. London-based investment bank Jefferies International Ltd. said it believed the disaster could result in insured... Read more of this article

Lazard Structures Ecuador Bond

Ecuador is in talks with Bermuda-based Lazard Ltd. and New York’s Clifford Chance LLP to structure a new bond sale after receiving a loan commitment from China last month for at least $1 billion, helping finance a budget deficit that’s projected to reach $4.23 billion this year. This will be the South American country’s first global sale... Read more of this article

CableVision Moves To Avail-TVN

Avail-TVN, the leading independent digital media services company in North America, today [Jan.24] announced that Bermuda CableVision has become the latest Caribbean-Latin America region service provider to move its video on demand [VOD] service to the firm. Bermuda CableVision is the island’s largest provider of digital cable TV and is the only... Read more of this article

Ship Finance International Downgraded

Bermuda’s Ship Finance International Limited was downgraded by Zacks Investment Research from a “neutral” rating to an “underperform” rating in a note issued to investors today [Jan. 24]. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Ship Finance International Limited in a research note to investors... Read more of this article

Romney Had Bermuda Accounts

GOP Presidential candidate Mitt Romney reported financial accounts in Bermuda and the Cayman Islands according to a summary of his 2010 tax form made public by his campaign today [Jan. 24]. Under increasing pressure from his rivals in the Republican field to provide details of his US federal tax returns, Mr. Romney revealed he had paid a total of $6.2... Read more of this article

Dr. Green Appointed Clinical Director

Bermuda Cancer and Health Centre today announced the appointment of Dr. David Green as Clinical Director. He is a Breast Radiologist with extensive experience in breast cancer detection. Dr. Green is now available to meet with patients at the Centre, and will be able to provide breast assessment and answer questions from patients who have been recalled... Read more of this article

College To Hold Winter Commencement

Bermuda College President Dr. Duranda Greene announced that the College will be holding its first Winter Commencement in ten years to celebrate the academic success of 20 students who have attained either associate degree, diploma or certificate qualifications. A winter commencement is scheduled when the number of students successfully completing their... Read more of this article

Photos/Videos/Results: Women’s Futsal

For games took place in the Women’s Futsal League inside the Bermuda College Gym on Saturday [Jan.21] YMSC Lady Bluebirds 2 Somerset Hurricanes 2 Tamesha Wolfe and Satyrah Robinson scored for the lady Bluebirds, while Adella Cann and Tiara Smith scored for the Somerset Hurricanes. North Village defeated the Lady Rams 6 – 1, with North... Read more of this article

Two Fishermen Die After Boat Strikes Reef

[Updated with photos/videos] The Bermuda Maritime Operations Centre confirmed that two bodies were recovered from the water off St. David’s Battery early this morning [Jan.24]. The official statement said that at approximately midnight the Bermuda Maritime Operations Centre received a call from a 27-foot fishing vessel with two persons onboard, who... Read more of this article

Man Hospitalized After Assault

A 37-year-old Somerset man is in stable condition on a general ward after being assaulted on Sunday night [Jan.22] in the area by Leopards Club. A police spokesperson said, “Around midnight on Sunday, January 22nd police responded to a reported assault in the area of Angle Street and Brunswick Street in Pembroke. “It appears that the victim,... Read more of this article

Ex-CIA Director To Speak In Bermuda

Business Bermuda today [Jan. 24] announced former US Central Intelligence Agency director R. James Woolsey will be the keynote speaker at its forthcoming annual general meeting. Mr. Woolsey [pictured] will speak on the subject of “The Global Web: Security through Interconnectivity” at the February 22 event being held at the Fairmont Hamilton... Read more of this article