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Health

"Jump rope workshops for students and public"

Jump rope workshops to encourage cardiac health are getting a boost from the Argus Group. US jump athletes the Comet Skippers will be flown to the Island as part of the Bermuda Heart Foundation’s ‘Jump 2B Fit’ programme. The Bermuda Heart Foundation ...
Feb 27, 2012
Reinsurance

"Enstar recruits former Ironshore CEO to board"

Bermuda-based Enstar Group Ld saw its total assets grow by more than $1 billion in 2011, the company revealed in regulatory filings. The company, which acquires and manages insurance and reinsurance companies in run-off, added that net income fell to...
Feb 27, 2012
Other

"HWP fire investigation completed"

An investigation into the blaze at HWP has been completed by the Bermuda Fire Service. However, details of the fire’s cause will not be released until the conclusion of inquiries Acting Inspector Lyndon Raynor confirmed that the HWP file remains und...
Feb 25, 2012
Reinsurance

"McConachie to step down as Lancashire president"

Lancashire Holdings president Neil McConachie will step down from his executive role at the end of this year. The Bermuda reinsurer said yesterday that Mr McConachie intended to continue on the Lancashire board as a non-executive director, from the s...
Feb 24, 2012
Reinsurance

"Lancashire posts $212m net profit"

Lancashire Holdings yesterday reported a $212.2 million net profit after taxes for 2011 and declared a special dividend to shareholders. The London-based company reported a 80-cent special dividend per share for 2011 as compared to $1.40 the year pri...
Feb 24, 2012
Reinsurance

"RenRe raises dividend for 17th year"

The board of directors of RenaissanceRe Holdings Ltd yesterday voted to increase the Bermuda reinsurer’s quarterly dividend to 27 cents per share on its common stock, from 26 cents per share. The company has increased its dividend during each of the ...
Feb 23, 2012
Other

"Catlin backs Great Barrier Reef survey"

Bermuda-based re/insurer Catlin is partnering with Google to back a pioneering ocean survey that aims to document the health of corals in the Great Barrier Reef and capture underwater vistas that will be shared online. The Catlin Seaview Survey was o...
Feb 23, 2012
Other

"Belco plans two ‘skinnier’ smoke stacks, rather than one"

Belco has applied to modify approved plans to redevelop its Pembroke facility, adding an additional smoke stack. The company now hopes to build two 3.6m (11ft 9.7in) wide steel exhaust stacks rather than the 5.3m (17ft 4.6in) wide multi-flute concret...
Feb 22, 2012
Reinsurance

"Flagstone posts full-year loss of $326m"

Flagstone Reinsurance Holdings last night announced a net loss of $326.1 million for 2011, driven by hefty catastrophe claims. The loss broke down to $4.65 per share and compared to net income of $97.1 million, or $1.23 per share, in 2010. The Class ...
Feb 22, 2012
Reinsurance

S&P downgrades PartnerRe to A+

PartnerRe’s financial strength rating has been lowered to A+ from AA- by Standard & Poor’s Rating Services. The New York-based credit ratings agency said the Bermuda reinsurer’s earnings were lower than its analysts expected in 2011 they believe “its...
Feb 20, 2012
Letters to the Editor

"Honesty in advertising "

Gibbons do it right February 16, 2012 Dear Sir, I would like to congratulate Gibbons Home Store for their honest style of advertising in The Royal Gazette today. Gibbons lists different items for sale at different rates of discount, so prudent shoppe...
Feb 20, 2012
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