Archive for January, 2016

Rego SIR Bermuda 2015 Real Estate Report

[Written by Buddy Rego & Penny MacIntyre] Confidence and value typified the market drivers for almost all sectors of the Bermuda real estate market during 2015. Doubters have re-entered the market in most cases buying primary homes and owner-occupier commercial properties. Confidence has spurred to a lesser degree some investment purchases; however,... Read more of this article

Validus: Full Year Net Income of $374.9 Million

Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $69.0 million, or $0.81 per diluted common share, for the three months ended December 31, 2015, compared to $125.9 million, or $1.38 per diluted common share, for the three months ended December 31, 2014. Net income available to Validus was $374.9 million, or $4.34 per... Read more of this article

ArgoGlobal Appoints Matthew Foote

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the appointment of Matthew Foote as Head of Exposure Management, effective immediately. He will report to Gail Sumner, Head of Business Delivery Services. Mr Foote brings more than two decades of exposure management and risk analysis experience to ArgoGlobal. He joins from MSIG at... Read more of this article

Allied Expands Professional Liability In Australia

Allied World Assurance Company Holdings, AG announced that Michael Herron was appointed Vice President, Professional Liability – Allied World Global Markets. Based in Sydney, Australia. Mr. Herron will be responsible for growth and development of the Company’s Australian Professional Liability business and will report to Ben Howell, Senior Vice... Read more of this article

Consumer Price Index: Inflation Rose 0.8%

Consumers paid 1.4% more in November 2015 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. The level of inflation rose 0.8 percentage points from the 0.6% measured in October 2015. The report said, “Between October 2015 and November 2015, the average cost of goods and services in the Consumer... Read more of this article

Basketball: Skyforce & Thunder Cats Win

In Wednesday night Cellone Island Basketball League action at the CedarBridge Academy, 167 points were scored on the night. In the opener the Skyforce defeated the Rimrockers 28-24 to get their 3rd win over the season, Kent Tacklyn led the Skyforce to victory with 8 points, while the Rimrockers got 7 points from Kenneth Burns. In game 2, the defending... Read more of this article

Berkeley Presenting “Bring The Noize” Concert

The Berkeley Institute Dance Programme is getting set to present the “Bring The Noize” dance concert on February 26 and 27. The event will take place at the Berkeley Institute Cafetorium beginning at 7.00pm on each evening. Tickets cost $15, or $50 for patrons, and are available in the Berkeley Institute main office. Related Stories Berkeley... Read more of this article

HSBC, BBFS Hold Football & Life Skills Program

HSBC Bermuda and Bermuda’s Brazilian Football School [BBFS] recently partnered with Dellwood Middle School, Northlands Primary School, and West Pembroke Primary School to provide the sixth annual Football and Life-Skills program, focusing on skill development, life skills, academics, and more. The program was available for a maximum of 20 student... Read more of this article

Bermuda Stock Exchange Report: Jan 28 2016

Today [Jan 28] saw 2,480 shares trade on the Bermuda Stock Exchange, valued at $6,030.50 BD. 80 shares were traded by Watlington Waterworks Ltd, closing at an even $20.25 per share, while 2,300 shares were traded by Bank of N.T. Butterfield Ltd, closing up 1.1% at $1.80 per share. The other 100 shares were traded by KeyTech Ltd, closing down 1.4% at... Read more of this article

Weather Forecast For Friday January 29

Friday, January 29 is expected to be cloudy and windy with periods of rain in the afternoon, with the high to be near 23°C/73°F and the low to be near 17°C/62°F, according to Weather Underground. Winds are expected to be SSW. The relative humidity is expected to be near 80%. Sunrise will be at 7.15am and sunset will be at 5.48pm. High tide will... Read more of this article

RCA Bermuda Compliance Programme Launch

Premier Michael Dunkley and Minister of Economic Development Dr Grant Gibbons hosted various business leaders and community representatives at a reception at City Hall yesterday to announce the launch of the RCA Bermuda Compliance Certification Programme [RBCC]. This educational and training initiative was first announced in January 2015 as a partnership... Read more of this article

Court: Man Pleads Guilty To Sexual Assault

Appearing in Magistrates Court today [Jan 28] 38-year-old Kevin Rubaine* changed his earlier plea of not guilty to a plea of guilty to a charge of sexual assault in December 2015. The Crown Prosecutor told Magistrate Khamisi Tokunbo that in December, a female was seated on a bus when the man sitting next to her began making strange noises. She stood... Read more of this article