Hashtag: #NewZealand
Youth Sailors To Compete Over Holiday
While most children in Bermuda will be enjoying a relaxing Christmas holiday at home, groups of keen youth sailors will be travelling to New Zealand and Miami to compete in the International Optimist Dinghy Association (IODA) World Championship in Napier, New Zealand and the annual Orange Bowl Regatta, hosted by the Coral Reef Yacht Club in Key Biscayne,... Read more of this article
Hitchens Dismissed Bermuda Proposal
“Vanity Fair” columnist, essayist and best-selling author Christopher Hitchens [pictured] — who has died at the age of 62 – once took exception to a suggestion from one of his mentors that Bermuda become the headquarters of a post-Commonwealth political and economic union of the world’s English-speaking countries. Political... Read more of this article
Top UK Bird Watcher Here To See Cahow
One of the world’s foremost bird watchers — whose discoveries have helped to spark eco-tourism booms in his native Isles of Scilly and New Zealand — is in Bermuda this week getting a close-up look at the Cahow and other local species. Bob Flood’s summer sightings of rare seabirds on the British islands of Scilly has made it a... Read more of this article
Video: New Zealand Performs Maori Haka
Prior to their match against the United States last night [Nov.8] at the Bermuda World Rugby Classic, the New Zealand All Blacks issued a traditional challenge to the Americans by performing the Haka — a Maori war dance. Last night it had the desired effect, with New Zealand besting the United States 39 – 0 The Haka was adopted by the New... 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
Insurance Price Increases ‘Not Broad Based’
Bermuda re/insurers are seeing price increases for property catastrophe risks — but a recent series of global disasters has not translated into broader industry increases, according to report recently issued by industry analysts Keefe, Bruyette & Woods. In a research note, KBW says discussions with 12 Bermuda insurers, reinsurers and brokers... 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
NZ Government Backs Troubled Kiwi Insurer
The New Zealand government could face claims costs of as much as $1 billion after stepping in to bail out one of the country’s leading insurers — a firm backed, in part, by Bermuda-based global catastrophe and property re/insurers. AMI Insurance had its capital and reinsurance cover wiped out by the two major earthquakes which rocked... 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
‘Bad Year For Natural Hazard Exposure’
Despite an unusually mild 2010 Atlantic hurricane season last year was among the five costliest years for the insurance industry since 1980 — and Bermuda re/insurers are among the global industry players reappraising their exposure to natural hazards, a leading trade publication said yesterday [Feb.25]. “Insurance & Technology”... Read more of this article
NZ, Australia: ‘Significant Rate Rise’
Global reinsurers including Bermuda companies participating in the New Zealand catastrophe pool are expected to bear the brunt of this week’s multi-billion dollar damage claims stemming from the Christchurch earthquake [pictured] — leading to price increases of as much as 15 percent for insurers according to one industry executive. And... Read more of this article
