Hashtag: #Australia
Around The World On 1200CC’s
A former Bermuda financial services employee decided to invest his redundancy package in seeing the world — and has now driven his 1200 cc motorcycle through 83 countries on five continents. Canadian David Radford, 40, was working for a Bermuda finance company at the onset of the global recession in 2008. Accepting his firm’s redundancy... Read more of this article
Top Bermuda Lawyer Moving To Australia
Appleby announced that partner David Lines will be retiring from the Group at the end of September 2012 and will be moving to Australia with his family. Bermudian Mr. Lines said: “I am sad to be leaving Appleby, where I have enjoyed 14 successful years. “During this time I am pleased to have played a role in the growth of Appleby’s local and... Read more of this article
Day #4: 2011 World Rugby Classic Results
The fourth day of the 2011 Bermuda World Rugby Classic took place last night [Nov.11] with Australia defeating South Africa 26 – 21 in the opening match of the night. In the nightcap, Argentina came from behind to record a remarkable win at the National Sports Center. Canada took the lead in the first half when John Graff scored a Try, however minutes... Read more of this article
ABIR: Politicians Must Avoid Policy Disasters
In a technologically advanced and interconnected world, protectionist leaders in the US and other countries need to recognise that in order to cover the costs of calamities they require international risk-spreading and reinsurance, the head of the Association of Bermuda Insurers [ABIR] argued recently. Bradley Kading is president and executive director... Read more of this article
Tycoon Drops Bid For Bermuda Documents
Australian-born businessman Peter Lowy has called an end to a long-running US legal challenge in which he sought thousands of pages of documents –including financial dossiers from Bermuda — related to an international investigation into his tax affairs. US media outlets report Justice Susan Illston, of the US District Court for the northern... Read more of this article
Bermudian Named Top Aussie Entrepreneur
Transplanted Bermudian Will Young — who took the poet’s advice to heart and is measuring out his life and career in coffee spoons — has been named as one of Australia’s leading entrepreneurs by communications giant Nokia. His Campos Coffee, a now-legendary cafe Mr. Young opened nine years ago, draws connoisseur crowds from all over... Read more of this article
OBA’s Sen. Michelmore Moving To Australia
After a few years at the forefront of Bermuda politics, Opposition Senator Kathy Michelmore is to move with her family to New South Wales, Australia. Sen. Michelmore, who has practiced medicine at King Edward VII Memorial Hospital, will continue her medical work as a General Practitioner/family doctor in a group practice. The move, which will take place... Read more of this article
Bermuda Oil Rig Cited In Reef Disaster
Recent undersea pictures and video have shown that conditions in Indonesia’s Timor Sea have deteriorated at an alarming rate, largely caused by a catastrophic 2009 oil spill which occurred following an accident on an oil rig owned by a Bermuda company. Australian and Indonesian experts claimed this week that around 158,000 acre of coral reefs... Read more of this article
Tycoon: “IRS Violated Bermuda Treaty”
An Australian-born business tycoon is embroiled in a legal dispute with the US Internal Revenue Service over documents the American authorities received from Bermuda officials concerning his family’s global business dealings. Peter Lowry [pictured], co-chief executive of Australia’s Westfield Group, has been told by the IRS he must lodge... Read more of this article
Cilento’s Star-Making Bermuda Role
She arrived in Bermuda in 1956 as a virtual unknown to play a castaway Edwardian servant girl in a film being shot here and found stardom — and, indirectly, love with Sean Connery — as a result of her time on the island. Diane Cilento, the Australian actress who was propelled to international celebrity after appearing in the Bermuda-made... Read more of this article
Squash: Bermuda Lose 3-0 To Australia
Bermuda began the World Team Squash Championships in Paderborne, Germany going down 3 – 0 to the tournament number four seed Australia. Robbie Maycock went down to Stewart Boswell in straight sets 11-4, 11-3, 11-4, while Micah Franklin went down in straight sets 11-1, 11-4, 11-3 to Cameron Pilley and Chris Stout who took on Aaron Frankcomb went down... Read more of this article
Australian Court: Lloyd Rayney Pleads Not Guilty
Former Bermuda prosecutor Lloyd Rayney has formally pleaded not guilty in an Australian court to murdering his estranged wife Corryn Rayney. Prior to moving to Australia, the couple lived in Bermuda in 2003 and 2004, with Mr Rayney employed by the Department of Public Prosecutions. Mrs Rayney was last seen in August 2007, with her body discovered in... Read more of this article
EQECAT: Re/Insurers ‘Face Record Losses’
Bermuda re/insurers are bracing for record losses this year as the global industry contends with devastating tornadoes, floods, earthquakes and what’s feared will be an active Atlantic hurricane season. The Reuter news agency reports today [May 24] global re/insurers could suffer as much as $10 billion from weather-related losses in the United... Read more of this article
KBW: Worst First Quarter For Bermuda Firms
Industry analysts Keefe, Bruyette & Woods say back-to-back floods in Australia and devastation caused by Cyclone Yasi, the New Zealand earthquake and the Japanese quake and tsunami will likely add up to the worst first-quarter of catastrophe losses for Bermuda re/insurers ever. KBW estimates that catastrophes in the first quarter will cost... Read more of this article
Lancashire: Egypt, Aussie, NZ & Japan Estimates
Bermuda based re/insurer Lancashire Holdings Limited announced an estimated loss of $45 to $55 million for the New Zealand earthquake, the recent Australian weather related events, and losses arising from the recent political unrest in Egypt. The company said they “believe that it is premature to estimate” what costs they may bear from the... Read more of this article
Aspen: Aussie Flood & NZ Quake Loss Estimates
Aspen Insurance Holdings Limited announced an estimate of losses from the 2011 Australian Floods and Cyclone Yasi, as well the New Zealand Earthquake of February 21, 2011. Their initial estimate of losses from the 2011 Australian Brisbane Floods which took place between January 10 and 17, 2011, is in the region of US$30 million post tax and net of... Read more of this article
