Archive for January, 2012
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
OBA To Rollout Candidate Tomorrow
Tomorrow [Jan.26] the One Bermuda Alliance is expected to rollout another candidate to join their roster for the next General Election. Both parties have been rolling out candidate in recent months, with the OBA’s last rollout held on 1st December 2011,when they confirmed R. Wayne Scott, Suzann Roberts-Holshouser and Donte Hunt as candidates. Thus... Read more of this article
Education Ministry: Primary School Entry
The Ministry of Education today [Jan. 25] made several announcements important to parents and guardians of children entering the first year of public primary schools this coming September. These include the extension of the registration period for primary school, a small change in the boundary between the central and western zones, and the introduction... Read more of this article
Marshall Diel & Myers Appoints Directors
Bermuda-based law firm, Marshall Diel & Myers Limited, has appointed Senior Associates Rachael Barritt, Katie Tornari, Adam Richards and Kevin Taylor as Directors. The new Directors practice in a broad range of disciplines and each has over 10 years’ experience in their area of expertise. Rachael Barritt and Adam Richards specialize in matrimonial... Read more of this article
Photos: Rugby Renegades vs Mariners
On Saturday [Jan.21] the Warwick Academy school field played host to the Bermuda Rugby Football Union ladies and nen’s divisions. In the Ladies Division the Teachers got two Try’s from Katy Wright and Marie Pierre Beaudoin as they defeated the Police 6 – 2. The Teachers also got Try’s from Sophie Laganière and Sally Pile. In the second Ladies... Read more of this article
20-Yr-Old Man Arrested After Shooting
[Updated – At 10.30am shots were fired in the Mount Hill, Pembroke area. The suspects stole a blue motocross cycle and headed to Somerset while multiple police vehicles pursued them through the western parishes at high speeds. Schools in the West End were temporarily placed under a police-imposed lock down. A 20-year-old Sandys parish man has... Read more of this article
Larry Marshall Sr. Appears In Court
In Magistrates Court this morning [Jan.25], 56-year-old Larry Marshall pleaded guilty to a charge of using threatening behavior to Mr Gavaska Lodge, and was given a conditional discharge. Senior Magistrate Archie Warner called it a minor offence which occurred in the heat of a controversy, and also noted Mr Marshall has no previous convictions. On the... Read more of this article
S&P Fears Petroplus Insolvency
Standard and Poor’s Ratings Services today [Jan. 25] lowered its long-term corporate credit rating on Switzerland-based refiner Petroplus Holdings AG to ‘D’ [Default] from ‘CC’ and also downgraded to ‘D’ from ‘C’ its senior unsecured debt ratings on notes totaling $1.6 billion and a $150 million... Read more of this article
Rise And Fall Of The Bermuda Onion
When Mark Twain visited Bermuda in 1877, he described the central role the island’s namesake onion had assumed in local life and culture by the late 19th century: “The onion is the pride and joy of Bermuda. It is her jewel, her gem of gems. In her conversation, her pulpit, her literature, it is her most frequent and eloquent figure. “In... Read more of this article
Duty Increase: Over 1,400 Sign Petition
Over 1,400 people have signed an online petition protesting against the possibility of additional duty increases for importing items into Bermuda. Government recently raised the duty rate at the airport from 25% to 35%, and following that Premier and Finance Minister Paula Cox said, “At the airport the rate is 35% however via other methods of... Read more of this article
