Archive for January, 2012
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
Tourism: “50% Off Bermuda Pink Sale”
Bermuda hotels are currently offering a “50% Off Bermuda Pink Sale,” which provides 50% off hotel rates when booking a minimum of four-nights at participating properties. It is available to purchase now through February 3, 2012, with travel dates through April 30, 2012. Participating properties include Coco Reef Resort, Coral Beach Club, Fairmont... Read more of this article
Boating Accident: Police Name Victims
[Updated] The police identified the two brothers who tragically lost their lives after a boating accident this morning [Jan.24] as 59-year-old Clifton “Kiki” Williams [also known as Mustafa Abdul Hadee] and 58-year-old Mikal “Snags” Williams. A police spokesperson said, “The Bermuda Police Service can now confirm the deaths... Read more of this article
Video: David Cash Rings NYSE Closing Bell
Bermudian CEO David Cash yesterday [Jan.23] rang the closing bell at the New York Stock Exchange [NYSE], to celebrate his company’s 10th anniversary. Mr Cash was joined by members of Bermuda-based Endurance Specialty Holdings Ltd. board and management team in closing the market at the NYSE yesterday. Endurance launched operations in December... Read more of this article
Police Arrest Suspect After Chase
At approximately 11am yesterday morning [Jan.23] police were alerted to four men wearing black clothing acting suspiciously around homes in the Devonshire area, and after chasing the suspects arrested a 17-year-old male in possession of suspected stolen property. Multiple police vehicles were seen driving through the Friswells Hill, Frog Lane, Border... Read more of this article
SeaCo Announces Dividend Payment
Bermuda-registered SeaCo Ltd. today [Jan.24] announced that the payment date for the previously announced First Liquidating Distribution of $0.65 per common share will be January 27, 2012. The First Liquidating Distribution will be made to its shareholders of record as of the close of business on January 19, 2012. SeaCo Ltd. is a shipping container... Read more of this article
Island Takes The Cake With Special Cruise
Bermuda takes the cake as far as American and Canadian cupcake aficionados are concerned, with a special cruise to the island by professional and amateur bakers — as well as those who just enjoy the snacks — planned for this summer. Being held aboard Celebrity Cruise’s “Celebrity Summit” from August 19-26, “The Cupcake... Read more of this article
Shaki Crockwell Murder Trial Underway
[Updated] The Supreme Court trial of 36-year-old Derek Spalding is now underway, with the jury hearing this morning [Jan.24] that the defendant allegedly shot the victim as he owed him money gained from the sale of illegal drugs. 25-year-old footballer Shaki Crockwell — a national level football player and captain of the Boulevard Blazers —... Read more of this article
Law Firm: Stock Market Consolidation
The ongoing battle for control of TMX Group Inc. — which itself recently bought a 16 percent stake in the Bermuda Stock Exchange [BSX] — is indicative of a global wave of consolidation in the stock exchange sector, says one of Canada’s preeminent business law firms.. An aborted merger between Canada’s TMX and the London Stock... Read more of this article
UK Pledges Support For Caribbean
The British Government will not turn its back on the Caribbean, said UK Foreign Secretary William Hague as he addressed the opening ceremony of the Seventh Biennial UK-Caribbean Forum in Grenada on Friday night. In a brief speech, Foreign Secretary Hague told an audience of Prime Ministers, Chief Ministers, Foreign Ministers, High Commissioners and... Read more of this article
