Archive for January 25th, 2012

Spike In LSE Entities Based Here

Bermuda is home to the fourth largest number of non-UK entities listed on the London Stock Exchange [LSE] than any other jurisdiction globally, according to figures from the market authority. LSE data shows that at the end of December 2011 there were 45 Bermuda-incorporated entities listed on either the Main Market, the Alternative Investment Market,... Read more of this article

Assured Guaranty In Deal With Radian

Bermuda-headquartered Assured Guaranty Ltd. announced yesterday [Jan. 24] that Assured Guaranty Municipal Corp. has entered into an agreement to reassume $12.9 billion of par it had previously ceded to Radian Asset Assurance Inc. Also, through Assured Guaranty Corp., Assured Guaranty has agreed to reinsure approximately $1.8 billion of Radian Asset... Read more of this article

Agency Places PartnerRe Under Review

Ratings agency A.M. Best Co. has placed under review with negative implications the financial strength rating [FSR] of A+ [Superior] and issuer credit ratings [ICR] of “aa-” of Bermuda’s Partner Reinsurance Company Ltd. and its affiliates. A.M. Best also has placed under review with negative implications the ICR of “a-”... Read more of this article

Premier To Host Town Hall Tonight

Premier Paula Cox will host the second on a series of Town Hall meetings to discuss the upcoming National Budget tonight [Jan.25] at the Leopard’s Club in Hamilton starting at 7.30pm. Premier Cox will be joined by Patrice Minors, Minister of Economy,Trade and Industry; Wayne Perinchief, Minister of National Security; Michael Scott, Minister of Government... Read more of this article

Hayward: Economy, Race, Environment

Yesterday [Jan.24] Chairman of the Bermuda Environmental Sustainability Taskforce [BEST] Stuart Hayward Speech spoke to the Hamilton Rotary Club. Mr Hayward touched on a number of matters including environmental, economic, racial and social aspects. “We don’t produce a single thing that the rest of the world needs,” said Mr Hayward. “All... Read more of this article

Bermuda Festival Review: Alvin Ailey

[Bermuda Festival Review - written by Alan C. Smith] The junior company of the legendary Alvin Ailey American Dance Theatre delivered dependably on the opening night of Ailey II. While I was not personally blown away, and I gathered by audience reaction and comments I was not alone in this, there was impressive passion, athleticism and flawless technique... Read more of this article

Photos: Four Whales Fight Over Female

Whale researcher Andrew Stevenson captured photos of four male humpback whales fighting over a female on Monday [Jan.23], with the ocean love fest taking place approximately 25 miles off Bermuda in deep waters. Mr Stevenson said it was the first time he has witnessed humpback mating behaviour entirely consistent with courting humpbacks he has observed... Read more of this article

BDOT’s Marketing Push Overseas

The Bermuda Department of Tourism [BDOT] said they are continuing their marketing push overseas with a “campaign that involves radio broadcasts, television commercials, billboards in high traffic locales, wrapped trolleys and more.” The campaign kicked off in earnest on Monday [Jan.23]. Television viewers in New York and Boston will experience... Read more of this article

Workshop: Teaching Adaptive Behaviours

Wednesday, January 18th saw Tomorrow’s Voices Autism Centre hold its fifth monthly workshop in its year-long 2011/12 Training Institute. The 2-hour interactive workshop, titled “Teaching Adaptive Behaviours To Youth With Disabilities”, highlighted that adaptive behaviours are particularly important for youth with disabilities as these young people... Read more of this article

Everest Re Loss Estimate: $245M

Bermuda-based Everest Re Group, Ltd. said that it expects to incur net catastrophe losses of approximately $245 million, after reinstatement premiums and taxes, for the quarter. This loss provision includes an estimate for the floods in Thailand, with losses now expected to be $145 million, after reinstatement premiums and taxes. This is above the... Read more of this article

Two Accidents Leave Two People Injured

Two accidents occurred on Monday [Jan.23], leaving two people with injuries. A police spokesperson said, “Around 5pm on Monday January 23rd, police and first responders attended a reported single vehicle collision near the junction of Mangrove Bay Road and Ferry Lane in Sandys. It appears that a motorcycle was travelling along Mangrove Bay Road... Read more of this article

Sailing: BODA Selection Series

The Bermuda Optimist Dinghy Association (BODA) completed their selection series on Sunday to determine the local team of sailors who will represent Bermuda at the 2012 IODA South American Championship in Argentina this coming March. Five races were sailed on Sunday which were added to the 11 sailed back in November during BODA’s National Championships.... Read more of this article