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Cricket

"Skippers all set for Old Boys’ battle"

Opposing skippers Kevin Saunders and Randall (Bubba) Woolridge are confident their teams can win tomorrow’s Harris Bay and Somerset Old Boys charity match at Somerset Cricket Club. Somerset won last year’s contest by four wickets to claim bragging ri...
Sep 01, 2011
International Business

"Frontline shares climb 29% in two days"

OSLO (Bloomberg) Bermuda-based Frontline Ltd, the world’s largest operator of supertankers, jumped 29 percent in two days in Oslo, its biggest such gain since May 2009, on speculation some investors are closing bets on share-price declines. The share...
Sep 01, 2011
Reinsurance

"Insurance shares rise as Irene loss estimates fall"

NEW YORK (Reuters) - Loss estimates from Hurricane Irene continued to fall and ratings agencies said insurers would have no problem with claims, helping boost insurance industry shares yesterday. The relatively limited losses Irene appears to have ca...
Sep 01, 2011
Reinsurance

"Enstar’s Collins steps down"

Enstar Group Ltd has announced that Paul Collins will be retiring from Enstar’s board of directors effective from September 30, 2011. Dominic Silvester, Enstar’s chairman and CEO, said: “Paul has been a significant contributor to Enstar over the past...
Sep 01, 2011
Reinsurance

"Allied World set to increase Transatlantic bid?"

Allied World Insurance Company is set to raise its bid for US reinsurer Transatlantic Holdings, according to a report in the New York Post. The move would turn up the heat in the battle with billionaire Warren Buffett’s Berkshire Hathaway and Bermuda...
Sep 01, 2011
Technology

"Burns and Viera get top jobs in FAC management shake-up"

Bermuda-based online payment solutions provider First Atlantic Commerce (FAC) has announced the appointment of Christopher Burns as chief executive officer and Ronnie Viera as chief operating officer. Effective immediately, the promotions are in li...
Sep 01, 2011
Reinsurance

"Flagstone co-founder Byrne seeks to buy Omega"

Former Flagstone Re chairman Mark Byrne is seeking to make a return to the Bermuda insurance market. Mr Byrne is reportedly prepared to make a bid of some $325 million to buy Bermuda-based re/insurer Omega Insurance Holdings Ltd, according to a repor...
Sep 01, 2011
Education

"Education Ministry changes midterm break to October"

Government schools will hold their midterm break in October instead of November this year. The Ministry of Education yesterday announced the change, advising parents the holiday would cover the period of October 24 through 28. Said a spokeswoman: “Ac...
Sep 01, 2011
Crime

"Description of men who tried to rob tourist issued"

A 58-year-old American man required hospital treatment after he tried to chase away a man who knocked at the door of his guest house room. The visitor was taken to King Edward VII Memorial Hospital (KEMH) suffering from minor injuries after an alterc...
Sep 01, 2011
Politics

"Kim Swan ‘not surprised’ at OBA internal wrangling"

United Bermuda Party leader Kim Swan said he’s not surprised at reports of internal wrangling within the One Bermuda Alliance as he dubbed his former colleagues “bulls in a hurry”. Mr Swan says UBP supporters are crying déjà vu over news that younger...
Sep 01, 2011
Other

"Hamilton businesses face two months of road works"

Business owners are concerned about two months of “disruption and inconvenience” in the heart of Hamilton during the busy tourism season. The Corporation of Hamilton is warning people to brace themselves for delays as the island’s utility companies ...
Sep 01, 2011
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