Archive for April, 2016

Sousa & DeSilva On Hearing On Port Royal Costs

“As a member of the PAC it was extremely disappointing to hear Opposition MP Zane DeSilva show no remorse or sense of wrongdoing in the Port Royal Golf Course redevelopment – a project that broke rules and went millions of dollars over budget,” MP Jeff Sousa said, while Mr DeSilva said he has “waited years to face his detractors”... Read more of this article

Delegation To Promote Bermuda In Canada

The Bermuda Business Development Agency [BDA] will lead a team of industry and regulatory experts to Toronto next month to detail the benefits to Canadian corporations of setting up captive insurance companies in Bermuda. The panel will host an informative Executive Forum in downtown Toronto Tuesday, May 10, in which representatives will outline the... Read more of this article

Podcast: Paralympic Sprinter Jessica Lewis

Jessica Lewis is someone who does not believe in obstacles, leading her to be enthusiastic about not only sports, but changing people’s mindsets as well. With a breakout year in 2015 that included collecting Bermuda’s first ever major para-sports medals including a World Championships medal, shattering the Parapan Games record, and attaining... Read more of this article

Junior Food Critic Review: Common Ground

Looking for somewhere to take the kids for a bite of lunch? Who’s going to give you a more honest, bite-sized review than a 12-year-old? Our Junior Restaurant Critic, Eliza Olander, a student at The Centre for Creative Learning in Hamilton, lives in St David’s and continues with her ‘Lunch With Uncle’ series. [Written by 12-year-old Eliza... Read more of this article

LOM Financial Limited’s 2015 Financial Results

In a filing with the Bermuda Stock Exchange LOM Financial Limited announced the financial results to fiscal year end 31 December 2015. In a letter to shareholders, the Company’s CEO stated: To our Shareholders: LOM remains focused on growing our discretionary asset management division. Over 2015 our asset management revenues rose 15% and I am pleased... Read more of this article

XL Catlin 2016 Q1 Net Income: $103.4 Million

XL Group plc reported its first quarter results for 2016, with an operating net income of $103.4 million, or $0.35 per share, for the quarter on a fully diluted basis Commenting on the Company’s performance, Chief Executive Officer Mike McGavick said: “XL Catlin navigated the challenging conditions of the first quarter, producing good underlying... Read more of this article

Arch Capital 2016 Q1 Net Income: $149.3 Million

Bermuda-based Arch Capital Group Ltd. reports that net income available to Arch common shareholders for the 2016 first quarter was $149.3 million, or $1.20 per share, compared to $277.9 million, or $2.16 per share, for the 2015 first quarter. The Company also reported after-tax operating income available to Arch common shareholders of $145.7 million,... Read more of this article

Entertainers Showcase To Feature Local Talent

Some of the island’s top entertainers will take the stage at the Fairmont Southampton Mid-Ocean Amphitheatre on May 7 for the Bermuda Entertainers Showcase. The talent lineup will include Twanée Butterfield, Wanda Ray-Willis, the Big Chill and Lady Tyson, along with many others, with the Wall Street Band, under the direction of Robert Edwards,... Read more of this article

30 Min Video: ZBM Evening News For April 28

Investigators hunt two armed robbers who targeted jewellery store, Government unveils solution to eliminate Prospect brown water problem, and Police unveil high-tech island-wide CCTV system are some of the stories set to be covered in this evening’s [April 28] ZBM newscast. With an aim to expand the way they deliver their news to the community, the... Read more of this article

Video: Premier, Senator Visit Police CCTV Centre

[Updated with video] Earlier this afternoon, Premier and Minister of National Security Michael Dunkley and Junior Minister of National Security Sen. Jeff Baron paid a visit to the Police Comops Headquarters in Prospect for an update on the CCTV monitoring centre. During today’s visit civilian operators demonstrated the system and Supt. James Howard... Read more of this article

Bermuda Stock Exchange Report: April 28 2016

Today [April 28] saw 16,000 shares trade on the Bermuda Stock Exchange, valued at $80,899.25 BD. 12,200 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.2% at $1.63 per share, while the other 100 shares were traded by Devonshire Industries Ltd, closing even at $5.50 per share. 3,500 shares were traded by BF&M Ltd, closing up 4.3%... Read more of this article

Weather Forecast For Friday April 29

Friday, April 29 is expected to be partly cloudy, with the high to be near 22°C/72°F and the low to be near 19°C/66°F, according to Weather Underground. Winds are expected to be SSW. The relative humidity is expected to be near 78%. Sunrise will be at 6.33am and sunset will be at 7.58pm. High tide will be at 1.52am and 2.21pm, while low tide will... Read more of this article