Author Archive: Bernews1

Industry Is In ‘Fairly Good State’

Co-sponsored by the Association of Bermuda Insurers & Reinsurers [ABIR], the annual Property/Casualty Insurance Joint Industry Forum convened in New York yesterday [Jan.10] to assess the state of the industry and prognosticate about the possibilities and probabilities for the months ahead. Prior to the start of a panel discussion he was participating... Read more of this article

Thai Floods: Validus Estimates $55 Million

Bermuda-based Validus Holdings, Ltd. today [Jan.11] provided an initial estimate of losses from the severe flooding that took place in Thailand during the fourth quarter of 2011. Validus expects to record loss and loss expenses from these events in the amount of $55.5 million, net of reinstatement premiums and reinsurance, retrocessional and other... Read more of this article

Bermuda Realty Moves To The Cloud

Coldwell Banker Bermuda Realty has adopted a Private Cloud solution from CCS Group and QuoVadis Services as the backbone of its computing needs. “Bermuda Realty has a long tradition of developing innovative services for the local real estate sector,” said company president Brian Madeiros. “This has lead to a considerable investment in IT infrastructure.... Read more of this article

Triathlete Butterfield’s Juggling Act

Nikki Butterfield – the wife of top local triathlete Tyler Butterfield – won a Half Ironman competition in Syracuse last year and placed a respectable fourth in the HyVee 5i50 Championships — another US endurance event combining bicycling, swimming and running. And her itinerary for 2012 is far more ambitious, with Mrs. Butterfield hoping... Read more of this article

Photos/Video: Flag Football Game

On Sundays the Bermuda Football Association Field in Prospect plays host to Flag Football games, which is a version of American football that sees the flags players are wearing ripped off instead of tackles. The basic rules of the game are similar to those of the mainstream game, but instead of tackling players to the ground, the defensive team must... Read more of this article

Butterfield Fulcrum SOC Certification

Butterfield Fulcrum has successfully completed an examination of its global middle and back office, fund administration solutions and services for the SOC 1 Type II Certification. A big four audit firm has examined the design and effectiveness of specified controls and the scope of the report covered eight locations and jurisdictions in which Butterfield... Read more of this article

OBA Forms Women’s Caucus

The One Bermuda Alliance [OBA] is forming a Women’s Caucus to develop policy and discuss the issues which are of particular concern to Bermuda’s women. The caucus is open to all female members of the Opposition. Bermudian women who wish to participate can join the party through the website www.oba.bm. The first meeting will be held on... Read more of this article

Refco Customers Lose US Case

Customers of Bermuda’s now defunct Refco Capital Markets Ltd. who claimed principals at the firm violated US securities laws have lost their bid to recover monetary damages. The US Court of Appeals for the Second Circuit yesterday [Jan. 10] found investors failed to allege deceptive conduct by the principals because the investors knew what they... Read more of this article

Adventure Race Across Bermuda

Phil Keogan, producer and host of CBS’s The Amazing Race, will travel to Bermuda for the first annual Ultimate Bermuda Experience on January 17, 2012. Five lucky couples have won a trip to Bermuda to compete in an adventure race across the island. Similar to The Amazing Race TV show, contestants will compete in challenges designed to showcase Bermuda... Read more of this article

Video: Nahki Wells Latest Goal

On January 7th, Nahki Wells scored his third goal in two weeks, and his fifth goal since signing with U.K. team Bradford City last year. Bradford took on Watford at the Vicarage Road Stadium, losing 4 – 2 and bowing out of the F.A Cup at the third round stage. Wells goal came in the 88th minute, and is shown at the 50 second mark in the video below. Related... Read more of this article

Boxing Champ’s Fundraising Celebration

Ferrari Bar on Bermudiana Road are hosting a fundraising celebration with WBA Middleweight Boxing Champion Teresa Perozzi on Friday, January 27th. On December 30th, Ms Perozzi added another belt to her collection, winning the WBA Middleweight Title and the WBC Silver/Final Elimination, defeating 29-year-old Trinidadian fighter Lorissa Rivas. The event... Read more of this article

ARMtech’s Crop Application

ARMtech Insurance Services, Inc., an operating subsidiary of Bermuda’s Endurance Specialty Holdings Ltd., today [Jan.11] announced that ARMtech Mobile Applications has been expanded to offer crop insurance quoting and claims submissions. As a leading provider of US government sponsored Multi-Peril Crop Insurance and other private crop insurance... Read more of this article