Archive for July, 2013
White Mountains Group: “Positive Quarter”
Bermuda-based White Mountains Insurance Group, Ltd. reported adjusted book value per share of $605 at June 30, 2013, essentially break-even for the second quarter of 2013 and up 3.1% for the first six months of 2013, including dividends. Ray Barrette, Chairman and CEO, commented, “It was a positive quarter. Good underwriting performance at both... Read more of this article
Canada Lead Three Game Netball Series 2-0
The Bermuda Netball Association is hosting a three match series featuring the Bermuda National Team going up against Canada at the Whitney Institute with game three scheduled for Wednesday evening at 6pm. Twenty-first ranked Canada defeated Bermuda at the Whitney Institute courts in the first game of the three match series. Canada took an early lead... Read more of this article
Photos: Celebration Honours Community Heroes
The Department of Community and Cultural Affairs hosted a night of celebration on Sunday [July 28] to commemorate Emancipation Day. The event honoured Community Heroes, [PDF list here] bringing attention to those people of who have contributed significantly to the development of their respective communities. The event, held at the Berkeley Institute... Read more of this article
MP Admits Swizzle Website Was “Ill Advised”
[Updated] Following a complaint made about a Swizzle-themed e-commerce website run by Shadow Minister David Burt, the Opposition MP has admitted that the website may have been “ill advised.” The website, which is no longer active, was www.swizzle.bm, and offered what appeared to be purchasable versions of the popular Bermudian rum swizzle... Read more of this article
Weather Forecast For Wednesday July 31
Wednesday July 31st is expected to be a mix of sun and cloud, one or two showers mainly early and late, with the high to be near 30°C/86°F, and the low to be 26°C/79°F. The Bermuda Weather Service’s forecast for Wednesday says: “Mix of sun and cloud, one or two showers mainly early and late. Winds variable light, settling south-southwesterly... Read more of this article
Bermuda Shipping Association Re-Established
The Bermuda International Shipping Association [BISA] has been re-established after holding its annual general meeting on Friday and electing a new board. BISA, which represents Bermuda-registered shipping companies, shipowners, marine insurers and all other maritime-related organisations, provides educational support for local marine students, promotes... Read more of this article
Bermuda Stock Exchange Report: July 30 2013
Today [July 30] saw very little action on the BSX with only 600 BD shares and 10 US shares traded. $7,044 BD and $11,950 US were the respective values in total turnover on the day. Bank of Butterfield preferred shares had 10 change hand to close up $5.00 on the day to $1,190 BD. Ascendent Group traded 600 shares to close down $0.01 to 11.74. The index... Read more of this article
Butterfield Bank Reports Second Quarter Results
The Bank of N.T. Butterfield & Son Limited today [July 30] announced core earnings for the second quarter ended 30 June 2013 of $20.2 million, an improvement of 71% over the $11.8 million earned in the same quarter a year ago. Net income for the quarter was $32.9 million, including non-core net items of $12.7 million, up $16.7 million compared to... Read more of this article
Minister Fahy Meets With Visiting Azorean Official
Strengthening historical ties, fostering relationships and matters of immigration were some of the topics discussed during a recent meeting between the Minister of Home Affairs Michael Fahy and Mr. Paulo Teves, the Regional Director of the Communities for the Azorean Government. The meeting, which took place last week, also saw in attendance Home Affairs... Read more of this article
Minister Wayne Scott Greets Beres Hammond
Today [July 30th] Beres Hammond made his way to Vibe 103 studios in Southampton where he met with Collie Buddz, Smokey Harper, and Minister Wayne Scott who stopped by to present Beres with a Bermuda gift and to thank him for coming to perform. Beres said he has been to Bermuda many times, and ”loves Bermuda.” He also noted that he’s... Read more of this article
Marine Restrictions For Non-Mariners Race
[Updated] The Department of Marine and Ports today [July 30] said that a five knot, no wake zone as well as restrictions on personal watercraft [jet skis] movements will take effect for the waters of Mangrove Bay during the Non-Mariners Race on Sunday [Aug 4] between 10am and 8pm. A spokesperson said,”The ‘five-knot no wake zone’ includes... Read more of this article
Guy Swayne Joins Nephila Capital As Partner
Nephila Capital announced that Guy Swayne will be joining their global management team to support the ongoing growth of their business. Nephila is the largest institutional asset manager of vehicles dedicated to investing in natural catastrophe and weather risk. Mr. Swayne will be joining Nephila as a partner at the firm. He will be based in Bermuda,... Read more of this article
