Archive for October, 2012
Everest Re Reports Q3 2012 Earnings
Bermuda-based Everest Re Group, Ltd. have reported third quarter 2012 net income of $250.9 million, or $4.82 per diluted common share, compared to net income of $63.1 million, or $1.16 per diluted common share, for the third quarter of 2011. After-tax operating income1, excluding realized capital gains and losses, was $210.6 million, or $4.05 per diluted... Read more of this article
Investigation Continues Into Sandys Shooting
The police investigation into the shooting on Somerset Road on Thursday is continuing. A police statement said: “Inquiries are ongoing into the confirmed firearm incident that occurred in the Somerset Road, Sandys parish area around 12:15am on Thursday, October 25th. Detectives are particularly interested in speaking with anyone who may have heard... Read more of this article
Premier To Receive Global Leadership Award
This evening [Oct 26] Premier Paula Cox will receivs the International Women’s Forum [IWF] Women Who Make A Difference Award. Premier Cox is currently in San Francisco attending the IWF’s annual World Leadership Conference. Premier Cox is the President and founder of the Bermuda IWF Chapter. This year’s conference theme is “Ideas Remaking the... Read more of this article
Flu Express Starts This Weekend
The flu vaccine has now arrived on-island, the Department of Health reports. Therefore, the Flu Express will take place beginning tomorrow [Oct 27]. The Flu Express is a convenient “drive through” way for persons 10 years and older to receive the flu vaccine. The cost is $10.00 per shot for adults and children, while seniors [65 and older] receive... Read more of this article
Police Memorial Service To Be Held Today
The Bermuda Police Memorial Service postponed earlier this month during Police Week due to inclement weather is being held today [Oct 26] at 4.00pm in the Military Cemetery off Alexandra Road in Devonshire. Dignitaries, including the Governor Mr. George Fergusson and the Commissioner of Police Mr. Michael DeSilva together with family members, are participating... Read more of this article
Weather Service Issues Tropical Storm Watch
The Bermuda Weather Service has issued a Tropical Storm Watch, and said winds are expected to increase starting tonight. Hurricane Sandy’s closest point of approach to Bermuda within 72 hrs (3 days) is forecast to be 430 nm to the WNW at 9pm on Sunday October 28th. Their forecast said: “Hurricane Sandy to our distant west southwest will... Read more of this article
XL Group Declare $0.11 Quarterly Dividend
Bermuda-based XL Group plc has declared a quarterly dividend of $0.11 per ordinary share payable on the Company’s ordinary shares. The dividend will be payable on December 31, 2012 to ordinary shareholders of record as of December 14, 2012. In addition, its wholly-owned subsidiary — XLIT Ltd. — resolved to pay a dividend of $8.8173 per... Read more of this article
Coalition Expresses Shock At Court Verdict
The Coalition for the Protection of Children have expressed shock at the recent court case involving allegations of child abuse against a 7 year old boy. A Coalition spokesperson said, “The CPC is shocked by the decision of the Senior Magistrate to acquit the mother of a 7 year old boy on charges of child abuse. Even more worrying is the decision... Read more of this article
St. George’s Playground Officially Reopened
Minister of Public Works Michael Weeks was joined by the Minster of Education, Dame Jennifer Smith and children from the community of St. George’s on Thursday [Oct 25] to announce the official re-opening of the St. George’s Playground. Minister Weeks said, “Our communities are often defined by how public spaces are designated for the betterment... Read more of this article
City Advises Of Temporary Road Closures
The City of Hamilton today [Oct 26] announced that Front Street between Queen and Parliament Streets will be closed on Saturday, October 27, from 4:00pm to 11:00pm for the Bermuda Corporate Games Parade of Athletes and Street Fest. On Sunday, October 28, Front Street will be closed from Bermudiana Road to the city’s eastern boundary from 9:30am to... Read more of this article
Tavares & Adderley On Constitutional Reform
[Written by Erwin P. Adderley & David J. Tavares] In 1968 the Bermuda Constitutional Order came into effect. It is the embodiment of fundamental principles or established precedents according to which the people of Bermuda acknowledge to be governed by. These fundamental principles are rights and freedoms of the individual …………. whatever... Read more of this article
Validus: Q3 Net Operating Income Of $170.6M
Bermuda-based Validus Holdings, Ltd. reported on Thursday [Oct 25] a net income available to Validus of $207.3 million, or $2.11 per diluted common share for the three months ended September 30, 2012, compared to $56.5 million, or $0.54 per diluted common share, for the three months ended September 30, 2011. Net income available to Validus for the nine... Read more of this article
