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Reinsurance

"American Safety’s profits rise to $7.9m"

American Safety Insurance Holdings Ltd’s net earnings rose to $7.9 million during the first quarter of 2011 from $6.5 million in the same period in 2010. The Bermuda-based company’s net earned premiums increased 27 percent to $54.4 million, while net...
May 05, 2011
Reinsurance

"Allied World posts profit despite catastrophe losses"

Allied World Assurance Company Holdings, AG posted a slender profit of $8.6 million for the first quarter of 2011 despite taking a $132.2 million hit from catastrophes. The profit compared to a net income of $133.7 million for the first quarter of 20...
May 05, 2011
Opinion Writer

"Seating row is overblown"

It is almost incomprehensible that an incident over seating arrangements in a church could be allowed to snowball into an emotional storm of anger that further deepens mistrust and disdain over how some people view those who hold leadership positions...
May 05, 2011

"‘Like a little magic wand’"

There probably have been many smokers who wished they could wave a magic wand and poof their nicotine addiction away. Staff at the Azure Medical Spa think they may have just that a cold laser therapy wand which they say has helped more than 100 smok...
May 05, 2011
Cricket

"Budget bites as BCB move elite games"

Bermuda Cricket Board’s cash crisis has claimed its first victim, with the Elite Player League being moved from the National Sports Centre to various club grounds. The BCB said in a statement yesterday that ‘due to financial restrictions the BCB is u...
May 05, 2011
Other

"Anniversary Club"

Congratulations to: Nathan Simmons of Spice Hill, Warwick whose birthday is today. Karen Pitcher-Ming of Warwick whose birthday is today. Alvin (Calah) and April Smith of Sunrise Condos, St George’s whose 26th wedding anniversary is today. Andre (Cus...
May 05, 2011
Young Observer

"Looking where the light is better"

A girl is on her hands and knees one evening searching for something under the street light. “What are you looking for?” you ask. “My contact lens,” she replies. “I think it popped out over there in that alley.” “Then why are you looking for it here?...
May 05, 2011
Track & Field

"Olympic pull out is mistake - Broadley"

Derek Broadley has questioned the Bermuda Football Association’s (BFA) decision to pull out of the men’s Under-23 Olympic qualifiers in favour of sending two women’s teams to international competitions. The Under-23s were to play in regional qualifie...
May 05, 2011
Reinsurance

"Ace profits drop 66% on cat losses"

Ace Ltd last night reported first-quarter profits dropped 66 percent on heavy catastrophe losses. The Switzerland-based global insurer, which was founded in Bermuda 25 years ago and which maintains substantial operations on the Island, said net incom...
May 05, 2011
Opinion Writer

"1981: Lessons of solidarity"

“Unity or agreement of feeling or action, (especially) among individuals with common interest” (Definition of ‘solidarity’ by the Oxford English Dictionary) When recently stopping by my office in Hamilton, I had to step carefully, since there was a ...
May 05, 2011
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