Archive for January 26th, 2012
Videos: Premier/Ministers Town Hall
Premier Paula Cox hosted the second of a series of Town Hall meetings to discuss the upcoming National Budget last night [Jan.25] at the Leopard’s Club. Premier Cox was joined on the panel by Minister of Economy, Trade & Industry Patrice Minors, Minister of National Security Wayne Perinchief, Minister of Government Estates & Information Services... Read more of this article
Photos: Fundraising Tea At MSA
On Sunday, a Fundraising Tea was held by the family and friends of the late Gail Kneisler, who passed away in 1998 at the age of 44 from breast cancer. The event raised approximately $1,200, which will be donated to PALS as well as to a scholarship fund which is given to a student at the MSA school – where Mrs Kneisler was employed. This was... Read more of this article
Montpelier: 2011 A ‘Challenging Year’
Bermuda-based Montpelier Re Holdings Ltd., a leading provider of short-tail reinsurance and other specialty lines, yesterday [Jan. 25] announced that it currently expects its December 31, 2011 fully converted book value per share will be between $22.60 and $22.70, an increase of approximately two percent over the third quarter of 2011 after taking into... Read more of this article
Former Gang Consultant Sued In US
US Federal prosecutors say New Jersey community group Women in Support of the Million Man March improperly spent nearly $200,000 in grant money — including taking 26 Bermudians to a bowling alley and a pro basketball game. The United States has sued Newark-based Women In Support of the Million Man March organiser Frederica Bey and former Bermuda... Read more of this article
Bermuda Gym Owner’s New Book
Bermuda gym owner, body builder and nutritionist Ron Magnum has recently published “The Chronicles and Excerpts of Divine Wisdom and Food for Thought” — a collection of thoughtful and thought-provoking sayings inspired by the author’s life experiences. American-born Mr. Magnum has been an active professional athlete and a certified... Read more of this article
Island’s Rare Diamondback Terrapins
The Diamondback Terrapin Project was initiated in 2006 by Bermudian scientist Mark Outerbridge to fill enormous gaps in our knowledge of a recently discovered species that has now been added to Bermuda’s native fauna list. The tiny Bermuda population of diamondback terrapins at the East End of the island is believed to be the only population breeding... Read more of this article
Hiscox: Business Data Breaches
Bermuda’s Hiscox yesterday [Jan. 25] advised companies to have resilient plasn in place to deal with data breaches following the announcement of a new proposed European data protection law. Matthew Norris, an e-risk and privacy expert at the Bermuda-headquartered international specialist insurer, said: “The data loss notification aspect... Read more of this article
Talbot Underwriting Asia Appointment
Talbot Underwriting, Ltd., a wholly owned subsidiary of Bermuda’s Validus Holdings, Ltd., today [Jan.26] announced the appointment of Joe Wee as Regional Construction Underwriter at Singapore-based Talbot Risk Services Pte Ltd. Mr. Wee brings specialist construction expertise to support the growth of Talbot in Asia after nine years with Allianz... Read more of this article
Dominion Drops Selous Agreement
Bermuda-based Dominion Petroleum has relinquished an oil production sharing agreement it had signed with Tanzania Petroleum Development Corporation over a decade ago, as the firm seeks to distance itself from the controversial exploration works in the Selous game reserve. Larger than Switzerland, Selous is the world’s largest game reserve and... Read more of this article
RenaissanceRe Q4 Loss Estimates
Bermuda-based RenaissanceRe Holdings Ltd. announced its initial estimated net negative impact from the flooding in Thailand in 2011 will have a net negative impact of approximately $45 million on its fourth quarter 2011 results. Net revisions to prior period large catastrophe loss estimates including the February 2011 New Zealand earthquake and the... Read more of this article
Fairmont Staff Donate ‘Cents For Life’
The Fairmont Southampton’s Director of Conference Service Catering & Discover Bermuda, Rochelle Quinn and her team have presented Tannika Rodrigues of Meals on Wheels with a check for $650. The funds were raised through Fairmont Bermuda’s “Cents for Life,” program where pennies from the employees at the Fairmont Hamilton... Read more of this article
Meadowbrook: ‘Better Earnings In ’12′
Michigan-based Meadowbrook Insurance Group, Inc. — parent company of Bermuda’s Meadowbrook Risk Management Limited — announced yesterday [Jan. 25] it expects to record a pre-tax expense of $7.7 million in the fourth quarter of 2011 to strengthen loss reserves. This adjustment to overall reserves is less than 0.09% of the company’s... Read more of this article
