Hashtag: #NewZealand

NZ Minister: “Bermuda Angle A Lot Tougher”

NZ Minister: “Bermuda Angle A Lot Tougher”

The New Zealand Government says it will be harder to justify funding of Team New Zealand’s next America’s Cup bid if Bermuda hosts the regatta, multiple New Zealand media outlets are reporting. “The reality is it’s got to do something really good for New Zealand and New Zealand exporters,” Economic Development Minister... Read more of this article

Photos: New Zealand Win World Rugby Classic

Photos: New Zealand Win World Rugby Classic

New Zealand made a return to the 2014 World Rugby Classic after a two year hiatus, and were crowned the champions after defeating the Classic Lions 17 – 3 last night [Nov 15]. In earlier action at the National Sports Centre, France defeated Italy 24-5 in the Plate Final to warm the fans up for the championship battle, while the tour match saw the... Read more of this article

BAMZ Welcomes Three New Tammar Wallabies

BAMZ Welcomes Three New Tammar Wallabies

The Bermuda Aquarium, Museum, and Zoo [BAMZ] recently acquired three wild Tammar Wallabies, including two males and a female, all in an effort to help New Zealand to control the population of the species in that country. The BAMZ newsletter said, “Our three new Tammar Wallabies were part of a population control effort in New Zealand; we just love... Read more of this article

Photos & Audio: Bermuda Anzac Day Ceremony

Photos & Audio: Bermuda Anzac Day Ceremony

Just past 6.00am this morning [Apr 25] at the Cenotaph on Front Street, about thirty people and Governor George Fergusson assembled for the observance of Anzac Day. In Australia and New Zealand, this day is known as Anzac Day and the ceremony traditionally takes place at dawn every 25th of April. Bermuda’s Australasian community has brought the... Read more of this article

ANZAC Day Dawn Service Set For April 25

ANZAC Day Dawn Service Set For April 25

The national day of remembrance for the Australian and New Zealand Army Corps [ANZAC] is approaching, with services set to take place on the morning of April 25, 2014. A spokesperson said, “Traditionally, the day commemorates the ill-fated dawn landing of troops at Gallipoli in Turkey in 1915, as part of a military campaign to open channels and... Read more of this article

Future Governor’s Roll Of Honour In NZ

Future Governor’s Roll Of Honour In NZ

Bermuda’s Governor designate George Fergusson is an old hand at breaking the ice in the far-flung territories of the former British Empire, according to the UK “Daily Telegraph” today [Apr. 5]. When his father took up his post as Governor-General of New Zealand in the 1960s, a then seven-year-old Mr. Fergusson charmed the locals by... Read more of this article

Platinum: Floods Will Cost $27.9M

Platinum: Floods Will Cost $27.9M

Bermuda ‘s Platinum Underwriters Holdings, Ltd. said today [Jan. 27] it expects 2011 catastrophes to have a $55.4 million impact fourth-quarter results, including an impact of about $27.9 million for flooding in Thailand. The Hamilton-based company also expects increases to its estimates for the March earthquake and tsunami inJapanand February... Read more of this article

AXIS Bottom Line Hit By Disasters

AXIS Bottom Line Hit By Disasters

Bermuda’s AXIS Capital Holdings Limited today [Jan. 18] announced that the net financial impact of the severe flooding in Thailand [pictured] on the company’s fourth quarter results is expected to be $48 million. This amount is net of reinsurance, taxes and reinstatement premiums. Further, updated information from the company’s clients... Read more of this article

Catastrophes Failed To Drive Prices

Catastrophes Failed To Drive Prices

Reinsurance brokers say despite the fact 2011 was the most expensive year ever for natural disasters, the back-to-back series of catastrophes didn’t drive coverage prices higher across the Bermuda industry or other key players in the global market when policies were renewed on January 1. Reinsurers’ strong capital base meant only insurance policies... Read more of this article

Photos: 2011 OptiWorlds In New Zealand

Photos: 2011 OptiWorlds In New Zealand

Five young Bermudian sailors have joined with over 200 young sailors from 48 countries to compete in the World Championships in New Zealand. Bermuda’s Antonio Bailey, Michael Barit, Rory Caslin, Makai Joell and Ceci Wollmann are taking on the world’s best youth sailors under the age of 16. The photos below are by Matias Capizzano, the official... Read more of this article

Videos: 2011 OptiWorlds In New Zealand

Videos: 2011 OptiWorlds In New Zealand

Over 200 young sailors from 48 countries are presently in New Zealand competing, with Bermuda being represented by five teenage sailors. Antonio Bailey, Michael Barit, Rory Caslin, Makai Joell and Ceci Wollmann travelled half-way around the globe to take on the world’s best youth sailors under the age of 16. They are accompanied by Team Leader and... Read more of this article

Disaster Areas Exposure Reduced

Disaster Areas Exposure Reduced

Global reinsurers — including some based in Bermuda — are now reducing exposure to some catastrophe-hit areas of Asia and Australasia after years of pursuing business in those locations for diversification benefits and not properly assessing risks. According to a report in “The Financial Times” today [Jan. 3] exposures in Australia,... Read more of this article

Sailing: Optimist Worlds Update

Sailing: Optimist Worlds Update

Team Bermuda is at the half-way point of the 2011 IODA Sailing World Championship, the penultimate event for sailors under the age of 16. The team of five sailors from the Bermuda Optimist Dinghy Association (BODA) have had three days of racing on Hawke’s Bay in Napier, New Zealand. Organizers from the host Napier Sailing Club were challenged... Read more of this article

2011 Disasters Failed To Lift Pricing

2011 Disasters Failed To Lift Pricing

Despite more than $100 billion in disaster losses around the world this year, catastrophe and property re/insurers in Bermuda and elsewhere are not yet experiencing a broad and sustained increase in pricing power — defying predictions from a year ago that even half those losses would be sufficient to turn the global industry around. While 2011... Read more of this article

Around The World On 1200CC’s

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

Bermuda Market Assesses NZ Quakes

Bermuda Market Assesses NZ Quakes

Bermuda re/insurers are assessing their likely exposures to the latest earthquakes to rock the New Zealand city of Christchurch as analysts estimate the costs will be significantly less than the devastating impact of the shocks earlier this year. Initial damage reports of a series of temblors yesterday [Dec.22] indicated that buildings in the central... Read more of this article