Archive for February 15th, 2012
Retail Sales Drop In December
Bermuda’s retail sales slumped by almost four percent on an inflation-adjusted basis in December, with new car sales registering a 35 percent drop. Local retail sales totalled $105.7 million during December, 2011. This represented a decrease of 0.8 per cent or $0.9 million less than in December, 2010. Sales activity increased in five of the seven... Read more of this article
‘Challenging Year’ For Argo Group
Bermuda-based Argo Group International Holdings, Ltd. yesterday [Feb.14] reported net income of $1.4 million and a net loss of $82.4 million for the quarter and year ended Dec. 31, 2011, respectively, compared to net income of $12.8 million and $82.6 million for the same periods in 2010. “2011 was a challenging year for Argo Group and the industry... Read more of this article
Disasters Hit Arch Bottom Line
Bermuda’s Arch Capital Group Ltd.’s fourth-quarter earnings dropped 39% though the insurance and reinsurance company reported improvement in its core profit, which excludes investment gains and losses. Like other global insurers, Arch Capital was hit with exceptionally high catastrophe losses last year. In the latest period, Arch yesterday... Read more of this article
BSX Remembers Junius ‘Jay’ Peake
The Bermuda Stock Exchange [BSX] issued a statement after they learned of the death of Mr. Junius W. Peake, at age 80, in Greeley, Colorado, U.S.A. “Peake, who died on 27 January, 2012, is remembered by the BSX for his vision and for being one of the finance industry’s earliest and most persistent proponents of electronic trading. Peake was... Read more of this article
Tribute To Police Constable Sandy Rowe
The Bermuda Police Service said they “would like to highlight the career of Police Constable Sandy Rowe following her untimely passing on Sunday, February 12th whilst undergoing treatment in a hospital overseas. The cause of her death is still being determined. “Constable Rowe was a vibrant young officer in her 41st year and had 10 years... Read more of this article
Bermudian’s Film Set To Shoot In LA
Bermudian filmmaker Bayard Outerbridge is just weeks away from commencing principal photography on his thesis film at the prestigious American Film Institute. And like even the most experienced veterans of the film industry, the aspiring producer is concerned with stretching the budget, increasing the production values and making the best film possible. “We... Read more of this article
Platinum Declares Quarterly Dividend
Bermuda-based Platinum Underwriters Holdings, Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.08 per common share. The dividend is payable on March 30, 2012 to shareholders of record on March 1, 2012. Related Stories Compre Redomiciles To Bermuda Miller Bermuda Appoint Peter Stubbings IGI Secures India’s GIFT... Read more of this article
Annual Children’s Nature Walk
The Bermuda National Trust hosted the Annual Children’s Nature Walk at Spittal Pond yesterday [Feb.14] between 9:30am and 12:30pm. Children and parents had the opportunity to experience nature first hand on the walk, as well as witness some of Bermuda’s cultural landmarks while they heard fascinating stories from the past. Groups were taken... Read more of this article
Arantxa King Wins In New Mexico
Bermuda’s Arantxa King competed at the Don Kirby Invitational in New Mexico. With a leap of 6.17m King won the Women’s Long Jump beating out a strong 22-women field. King’s first attempt saw her leap 6.13m, she then leaped 5.84m on her second attempt. A Foul followed on her third, before she jumped 6.09m on her fourth and fifth attempts. On... Read more of this article
Two Injured After Motorbike Accident
Two people were injured after a motorcycle accident on Monday night [Feb.13] in Southampton. A police spokesperson said, “Around 10:45pm on Monday February 13th, police and first responders attended a reported collision on Middle Road in Southampton. It appears that two motorcycles were travelling along Middle Road when they collided near the... Read more of this article
Videos: Sensei Roots Tournament
A number of martial artists of various ages treated an enthusiastic crowd of family, friends and supporters to a fast paced competition Sunday [Feb.12] at Pembroke Sunday School during Sensei Roots’ 17th Invitational Tournament. Grandchampions for forms were Shaun Prinsloo [novice], Cainan Tucker [intermediate] and Priya Phillips [intermediate].... Read more of this article
Argo Group’s Malta Operation
Argo Group International Holdings, Ltd., the Bermuda-headquartered underwriter of specialty insurance and reinsurance products, announced the formation through its subsidiaries of a new insurance company in Malta. ArgoGlobal SE will operate as a domestic insurer in Malta as a platform for offering primary and excess insurance throughout the European... Read more of this article
