Hashtag: #NewZealand
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
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
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
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
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
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
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
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
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
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
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 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
