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The Bermuda-based company, which has offices at Front Street, is due to report fourth-quarter and full-year earnings on February We believe we have taken appropriate steps to respond to adverse development and believe this reserve strengthening will help to stabilize forward performance and profitability.
The company said it expected no change to be made to its quarterly dividend policy. Gross premiums written for the quarter went up Net investment income also went up 8.
Changed its name from Compensation Risk Managers. One of the prominent exceptions to the rule that Bermuda international or exempted companies cannot operate in Bermuda.
This group once until operated Bermuda's Elbow Beach Hotel, among many others. It had already rebuilt one five-star hotel in the Libyan capital, with another due for completion.
The Daily Telegraph newspaper in the UK stated one of the major financial backers of Magna Holdings is Wafic Said, a controversial billionaire who has homes in Britain.
Leading maritime shipping technology firm. Named after German physicist Heinrich Gustav Magnus who discovered that a rotating cylinder exposed to a stream of wind generates a force perpendicular to the direction of the wind.
Delivers onboard systems tracked from Magnus discoveries that reduce fuel consumption and emissions for many clients owning and operating global shipping fleets.
The Investors in People IPP Standard is an international framework and mark of excellence for people management across 75 countries, enabling organisations to realize improved business results and strategic targets.
Mandarin Oriental chief executive Edouard Ettedgui said: It also operates or is developing 17 residential developments connected to its properties.
He told guests at the Royal Bermuda Yacht Club that the Chinese market was 99 per cent Chinese-owned and investors, with state-limited information, tended to move in packs.
Mr Boesky said over the last few years, a new Chinese administration had raised its interest rate, currently at more than 5 per cent, compared to near zero in the US and Europe, and cleaned up corruption after years of a building boom, but had now signaled interest rate cuts to stimulate service industries.
The leaders have a vision, which is spot on, that China will reaccelerate a second boom which will be services-driven.
Manages a range of diversified Bermuda insurance and reinsurance-based investments. CatCo also has substantial financial backing from the Qatari Insurance Company.
Tony Belisle, chief executive of Markel Catco, said: The company with a focus on collateralized reinsurance products was hit hard by catastrophes in the third quarter.
And after its successful first wave of raising capital, it intends to publish a prospectus in early November with the aim of closing the fundraise, through a placing of new C shares, by the end of the month.
The ability to raise and deploy this significant amount of additional capital is testament to the Markel CatCo team focus on providing both exceptional, long term returns to our investors and, also, the highest levels of service to our reinsurance clients.
Markel, based in the US but with this Bermuda subsidiary, is expected to take over State National in the cash transaction by the end of the year.
We believe this transaction with Markel is good for our employees and clients, as well as our shareholders. Markel recognizes our shared commitment to offering unique, high-quality solutions that simplify the complexities of insurance for clients nationwide.
We have long respected Markel and are proud to partner with this distinguished company that has a strong reputation and proven track record of success in acquiring and partnering with insurance companies.
This transaction is all about growth, not cost-cutting, and we believe that State National employees will benefit from being part of a larger, stronger, growth-oriented company with a more diversified platform.
Our success is driven by the ongoing efforts of our talented employees and I thank them for their continued hard work and dedication. We look forward to working with Markel to quickly complete the transaction and are committed to ensuring a smooth transition.
Members of the Ledbetter family have entered into a voting agreement with Markel in support of the merger.
Catco is to be acquired by US financial holding company Markel Corporation. The deal is expected to close in the fourth quarter of this year, subject to conditions.
Financial details and terms relating to the Catco deal have not been disclosed. However, there will be no changes to the Catco team, which will continue operating in Bermuda under the new name of Markel Catco Investment Management , led by chief executive officer Tony Belisle.
Markel Corporation has its headquarters in Virginia. We felt this partnership offered a rare opportunity for Catco to combine with a culturally similar organization which shares our results-oriented commitment to success and market leadership.
Catco has grown significantly since its launch in , and the agreement with Markel will allow the same management team to maintain its commitment to both client service and continual product innovation.
Markel primarily markets and underwrites specialty insurance products. While Markel has a long and successful track record in the insurance linked securities space, the addition of the Catco team takes our capabilities to an entirely new level.
The current challenges in the reinsurance and retrocessional markets are well documented. Despite these short-term challenges, we believe that with innovative products and services the long-term future is bright.
Markel is restructuring its insurance operations to combine two divisions into one. The company, which is based in the US, but which has offices on Front Street, said the new division, to be known as Markel Assurance, would be up and running by the start of next year.
Bermuda will host an underwriting team for the new division, as will Dublin and London. In the US, Markel Assurance will operate through a regional structure with ten offices in six regions serving all major insurance hubs.
Creating this new division will help Markel maintain its leadership position. The two companies, both of which have operations in Bermuda, announced agreement on the takeover deal on Tuesday.
It is expected to close in the spring of Given that the two firms have a combined global workforce of around 75,, as many as 3, jobs could be at risk.
The maker of chips for Apple Inc. Today, Marvell makes processors that run smartphones, has its US operating subsidiary in Santa Clara, California and operations worldwide with approximately 5, employees.
Cavium shares rose to a record yesterday, while Marvell also gained. Cavium, which is based in San Jose, California, makes networking processors and is one of several companies trying to use ARM Holdings technology to break into the server microprocessor market.
The acquisition of Cavium is the biggest deal for Marvell chief executive officer Matthew J. Murphy, who took the role last year after an accounting scandal forced the resignation of his predecessor.
Medallion International A hedge fund management firm with close links to Mr. Terms of the transaction were not disclosed.
MediaAlpha is an advertising technology company. It operates exchange platforms that facilitate real-time transactions between advertisers and publishers of performance media i.
MediaAlpha has developed distinctive platform solutions for a range of insurance verticals, including auto, motorcycle, home, renter, health and life, and non-insurance verticals, including travel, education, personal finance and home services.
Medici Ventures LLC This entity reaffirmed with a memorandum of understanding signed with the Bermuda Government its intention to create 30 jobs in Bermuda.
Government has signed a Memorandum of Understanding with this second fintech business as efforts to build the industry in Bermuda continue.
David Burt, the Premier, announced this morning that an MOU had been signed with Medici Ventures with the intent to create jobs and educational opportunities for Bermudians.
The company was formed to incubate, launch and invest in blockchain investments. The MOU also promised at least 30 jobs in Bermuda over the next three years.
The company will develop a security token trading platform in Bermuda and work with the Bermuda Government to develop and improve a legal and regulatory framework.
We look forward to working with Medici to ensure that the commitments made in this MOU are realised. Bermuda is at the forefront of the fintech industry creating an environment in which Bermudian businesses can thrive, opportunities for Bermudians can be created and in which capable, qualified Bermudians can benefit from opportunities to train, work and succeed at every level.
The House of Assembly approved legislation to regulate Initial Coin Offerings on Friday, with legislation covering cryptocurrencies expected to be tabled soon.
A couple of years later I am happy that two courts have decided otherwise. Without having a consistent revenue stream, stronger than what we had in , any other ultimate ruling would have devastated the Corporation of Hamilton.
That is the number I consider we have saved the rate payers as the Corporation is simply the institution that acts on their behalf and those who use our city and its services.
In the meantime we are still actively trying to regain lost parking revenue and to be in a position to reinvest in vital city capital projects.
We have a commitment from Government to support us in this regard as they are fully aware of the implications of further delay. We are pleased that a Hamilton Parking Ordinance is to be presented to Parliament in this sitting and the enactment of the Traffic Offences Procedure Amendment and Validation Act within the next couple of weeks.
The Corporation initially concluded it did not have a defence to the claim and a Consent Ruling was made by the court in May against the Corporation for the full amount.
However, the City launched a fresh legal challenge in June to set aside the Consent Order on the basis it had no power to make the original guarantee and therefore it should be null and void.
When considering the matter in the round, in my judgment the most important contextual feature is that it is in principle undesirable for the court to enforce a guarantee which is in law a nullity.
This outweighs the various contextual features pointing in the other direction, including the serious prejudice to MIF which may be caused by not enforcing the guarantee.
There are a number of other capital projects necessitating corrective maintenance or further development. This could be the first time in a number of years where we get to stand up on two feet and get things done, rather than being hobbled and looking at what has to be put off for another year.
We did not enter into this action gladly. The guarantee was the wrong commitment made at the wrong time supporting the wrong developer. All parties involved in seeking the guarantee were aware of the ultra vires concern, everyone believed the issue had been corrected through legislation.
If we had not fought this issue, it would have cost every Bermudian in one way or the other. We did not think it fair to accept what was, because of the ultra vires, an agreement voided from the start.
Taking this legal action was the best means to protect the Hamilton community from what was a horrible, ill-considered undertaking.
Court actions in the UK continue the effort to recover the monies inexplicably released to a Gibraltar-based company. While this action is less our battle now, we invested in the outcome when no one else was interested in seeking recovery.
He told this newspaper: Last week, senator Fahy told this newspaper the corporation could reach an agreement within days to satisfy its debt over the matter.
On the same date, the Corporation entered into a guarantee of the loan and, as security for that guarantee, it provided MIF with a first mortgage over the Par-la-Ville parking lot.
No sensible timeframe has been provided, this despite the fact that your client promised to repay our client either at the end of or during the first week of January.
Further, our client is deeply disappointed to now learn that your client is not intending repaying the judgment interest to which our client is legally entitled.
Clarendon House, Hamilton HM USA head office is the largest brokerage of exchange-traded futures contracts. The answer is they are all listed to be covered by a new captive insurance company based on the island.
And that is only part of the story. Of greater significance is that the captive insurance company is thought to be the first in the world set up and run by students.
And it was no accident. Bermuda was ultimately chosen after other factors were weighed, such as the size and maturity of its insurance market, sophisticated infrastructure and the helpful nature of organisations including the Bermuda Monetary Authority and the Bermuda Business Development Agency.
This week, some of the students, along with facility members, visited the island to build relationships with service companies and organisations.
There are also potential benefits for Bermuda and Bermudians, as Butler University would welcome students from the island who are pursuing studies in risk management, insurance and other business disciplines.
A further beneficial spin-off for the students has been learning more about what is actually being insured through the captive.
Trip is a real dog with an impressive 20, followers on Twitter. For Butler University, having its own captive insurance company will provide greater loss controls.
Since news of the pioneering student-run captive was announced earlier this year, it has featured in more than media reports, according to Mr Standifird.
However, a bigger story in his eyes is the shortage of qualified professionals preparing for the anticipated , new employees the insurance industry will need by People should be paying attention to this.
Butler University is underscoring its leading role in the field by giving students real-life experience operating a captive insurance company, together with opportunities to intern at partner companies.
Anna Geist and Josh Toly, two of the students closely involved with the captive and among those visiting Bermuda this week, are currently interning with Aon.
Mr Finn said companies know they can come to Butler and recruit people with hands-on knowledge. You have to have the right people in place.
Mr Finn believes others may follow. We are looking for partners in industry, and we would like to see others [form captives]. As for the third stage, he said: A leading alternative fund administration company providing full-service fund administration, middle office and reporting services to hedge funds, fund of funds, managed accounts, family offices, private equity and real estate funds.
It is the first time the Mitsubishi financial group has made a wholly owned acquisitions of a non-Japanese business.
Clients can look forward to the addition of numerous new services including banking, custody, trust, foreign exchange and securities lending. The acquisition of BFG was completed on September And the senior management team, as well as all management and staff in all Butterfield Fulcrum offices will remain with the company.
Butterfield Fulcrum employs around 40 staff in Bermuda and has offices on Burnaby Street. Butterfield Fulcrum was part owned by Butterfield Bank and private equity firm 3i Group.
MLG Blockchain A blockchain consulting and development firm. Provides educational Blockchain workshops in Bermuda. We would only serve to perform our services and collect the funds to make them available to the committee for disbursement.
We are also per cent committed to establishing a legacy for Bermuda in that we implement a safe, responsible and controlled environment for gaming, including stringent anti-money laundering and vulnerable player controls.
We fully believe that the Bermuda public should be educated on gaming prior to the referendum and that there should have been a referendum on gaming.
Responding, Mr Pettingill said: This was made clear by the former entire Cabinet. To date it has not gotten to the stage of being tendered, as no decision has been reached by the new administration.
We are asking for nothing up front and we are giving the vast majority of profits back to Bermuda and Bermudians. We are not an overseas entity trying to enter the market and extract tens of millions of dollars from Bermuda to fund offshore interests.
We are here to stay and make sure that Bermuda is not adversely impacted by the gaming industry. This is an opportunity for Bermudians to help to form their own opinion on the best plan for Bermuda.
To do anything less not only jeopardizes the ability of the industry to secure a correspondent banking relationship, but can also damage the reputational brand of the island.
The agreement itself, obtained through public access to information, was non-binding, conditional upon the legalisation of casino-style gaming and was signed by Mr Crockwell as tourism minister and witnessed by Mr Pettingill, then the Attorney-General, on December 3, , a year before casino gaming was given the green light by Parliament.
Mr Crockwell later tabled the Casino Gaming Act, which passed in Parliament in December , paving the way for a casino industry in Bermuda.
Ms Blakeney wrote on May 2: If I am missing something here, I would appreciate your guidance. In doing so, it became ineligible to apply again for a licence for five years.
Such withdrawals can result in a five-year period of ineligibility to apply for a licence, in certain circumstances.
He said since her letter was sent, Banyan had removed the names of Jason Seelig and Mac Seelig from its website. If, in fact, Mac and Jason are no longer listed on the Banyan website to create the impression that our past licensing concerns are no longer relevant, then I believe it is safe to conclude that the legislative mandate option is still being considered Mr Vertes is being sued by Mr Schuetz for defamation.
Matters related to gaming systems should be addressed by the gaming commission. Keith Furlong, from DGC, told this newspaper: The company does not wish to comment further.
The Irish Times said: It is exempt from all forms of taxation including income, capital gains and withholding taxes as it is tax resident in Bermuda.
The firm has no employees and its three directors have addresses in Bermuda. The agricultural product company Monsanto produces genetically engineered seeds used by farmers for their pest resistance and ability to produce bigger crops.
The crops have drawn criticism from organic food advocates who say they are harmful to people and the environment. But Monsanto has maintained that its seeds improve agriculture by helping farmers produce more from their land while conserving resources such as water and energy.
Morgan Creek International changed its name, see under Inverness Distribution. Won a multi-million-dollar US government contract to train police officers in Iraq.
Was accused in April of using its Bermuda shell company to shield itself from US taxes. T he Boston Globe reported that the Bermuda office appeared to have no staff, telephone number, or website.
Said by it to be one of the offshore entities to avoid US taxes, even as they profit from lucrative federal contracts. With the granting of all necessary regulatory approvals, the acquisition was completed at the end of last week.
Shares of Montpelier Re ceased to trade when markets closed on Friday. Three directors of Montpelier have been appointed as non-executive directors on the board of Endurance.
We expect the transaction to enhance the long-term value of our business for shareholders with accretion to earnings per share and return on equity.
He was formerly managing director of OneBeacon. Mr Marsh worked for Atrium Underwriting Group for 40 years. Before he retired in he was director of corporate underwriting and director of underwriting review.
As the cost of Bermuda health insurance goes up and up, newcomer MoonGate Insurance Group aims to fill the service gaps for locals on the most basic packages.
Its latest step, using an affiliate company in the United States, has resulted in MoonGate adding an entirely United States-based package.
The link with Welldyne Inc gives residents access to discount pharmaceuticals, dental treatment, glasses and services such as X-rays, MRIs and the mammogram screening that dominated recent headlines.
Provides a network of over , US locations Bermuda-based visitors can go to. MoonGate specializes in filling coverage gaps.
It is additionally an agent for the Freisenbruch-Meyer Group. In addition, the deal with WellCard gives Bermudians access to 80 different hearing aid models and discounted diabetic supplies.
During the Bermuda event in April, athletes will win points on their long road to qualification for the Tokyo Olympics. We hope the event again showcases Bermuda as a wonderful venue for top level sporting activities, inspiring those of all ages to swim, bike and run.
MS Amlin stands for quality and fairness in the reinsurance industry, which are key values for any athlete. We are extremely grateful for the generous support of MS Amlin, and we thank them for their partnership, demonstrating their wider, ongoing support for Bermuda.
The day will comprise of the Elite race and the Age Group amateur race, which will attract hundreds of runners, including locals trying their first triathlon.
A team of employees from MS Amlin will participate in the amateur Age Group triathlon race, while others in the MS Amlin family will volunteer at the event.
Sports enthusiasts of other disciplines are encouraged to register and train for the April event, which does not require a qualifying time.
James Few, global managing director of reinsurance at MS Amlin, said: We are delighted to have secured funding for Viribus Re Ltd from a range of new partners whom we look forward to working with closely in the future.
Napp, which manufactures painkiller OxyContin among other drugs, and Mundipharma are controlled by the billionaire Sackler family.
The newspaper report, published last week, said the company manufactured drugs in Cambridge, England, and has paid taxes on drugs sold to the NHS.
However, the products were shipped directly from the UK to the country where they were sold and did not go anywhere near Bermuda.
The unidentified expert said: So it is hard to see, at least on the facts supplied, what activity in Bermuda added the value to justify the higher pricing.
The introduction of diverted profits tax in made it harder for multinationals and this may be why the arrangements changed so radically in We pay all taxes that we owe.
The deal, on behalf of an unnamed company, was arranged by specialty reinsurer MultiStrat, also based in Bermuda, along with its affiliate the Annapolis Consulting Group.
We are pleased to collaborate with MultiStrat in this transaction. We have studied a series of options together and expert that this will be the first of many that we complete.
We look forward to working more with HSCM going forward. Jason is an exceptional addition to the team.
He also serves as a non-executive director for several Bermudian reinsurance companies. Hudson Structured and HSCM Bermuda invest across the risk and return spectrum in all instruments and sectors of the insurance and reinsurance markets.
The Bermudian company announced that Ms Richardson became its chief executive officer at the start of this month. The time is perfect to set our next course.
She previously worked at Chubb as the national accounts underwriter for media liability, and at GE Capital, where she was an underwriting officer for media liability.
Now owned by IAS Park. Showing when incorporated in Bermuda. With incorporation dates shown the American way. The company was forced to give pricing concessions in the first quarter to three key international customers, chief executive officer Tony Petrello told analysts and investors yesterday on a conference call.
Ebitda in its international segment is now expected to drop another 6 to 8 per cent in the second quarter, he said.
We expect more moderate sequential decreases throughout the seasonally weak second quarter of next year with gradual declines in rig activity and more rigs converting to spot pricing both in North America and internationally.
Our view of the timing and shape of the recovery remains unchanged, with an expectation of a protracted trough followed by a more gradual recovery than recent cycles.
Accordingly, we continue to exercise stringent control over our operating, support and capital spending in order to meet our minimum goal of break-even free cash flow.
Our solid financial position and sizeable liquidity allow us to remain opportunistic should attractive long term strategic opportunities arise.
A Hong Kong-based investment holding company that moved its domicile to Bermuda from the Cayman Islands in Formerly Vertex Group Ltd. N2H2 Inc Founded in , based in Seattle.
An Internet access management company specializing in fast and scalable filtering solutions. Norwegian Breakaway, launched Her maiden voyage was to Bermuda.
Chris Fisher, the chief executive officer, started the firm with just one other staff member. It now has a staff of six, with plans to recruit another.
We probably have room for another three people at most, so potentially we may have to look at some additional space.
Through the balance of , I began to write an amount of property insurance business with a focus on the larger Fortune companies. The commitment and support from London has been fantastic and Martin Reith has been here multiple times.
Neon is a member of Great American Insurance Group, which runs the insurance operations of parent AFG and had already benefited from the link-up.
That shows you the amount of turnaround and change brought about by the revitalization of the syndicate. A big part of it is getting the right people on board and the team we have here at Neon Bermuda is first class.
We want to make sure Bermudians are in as many positions in the company that they are suitably qualified and experienced to be in. And the firm aims to expand its on-island two-strong team as it targets the US market.
Neon has recruited Bermudian Chris Fisher, an underwriter with 25 years of experience in the insurance industry in Bermuda, Britain and the US, to head up the Bermuda operation.
He was previously chief underwriting officer of insurance for Ariel Re in Bermuda. In Chris, we have a highly regarded local underwriter with strong relationships on the island as well as in the US.
We have bold ambitions to grow our Bermuda platform and anticipate adding both personnel and product lines in the near future. Given the significance of the Bermuda market in the global insurance and reinsurance stage, it seems to be a logical next step for us.
Now partly owned by the Man Group, one the world's largest publicly traded hedge fund managers. Has a Caymans-domiciled investment vehicle, Gamut Reinsurance.
Uses catastrophe bonds, industry loss warranties and reinsurance contracts to construct portfolios. Insurance investment firm Cedent Ltd has teamed up with Nephila Capital to create a new Bermuda-based firm to advise corporations and countries on managing climate risk.
Resilience says it will use advanced data science to develop and structure climate risk capital solutions for global institutions and governments.
Michael Coles, the insurtech expert and chief executive officer of Cedent, said Resilience was not a risk-bearing entity, but that it would work with companies to help them understand the impact climate risk has on their financials.
Climate risk retention may soon be deemed unacceptable and if so, climate capital solutions will be the new imperative. Resilience Economics will look to take the climate risk discussion to the CFO level, where organisations and institutions will be receptive to solutions that can help to remove volatility caused by the weather out of their businesses.
Nike is believed to very aggressive when it comes to sheltering profits overseas. A brokerage and advisory firm specialising in the international trade and transportation of liquefied natural gas LNG , liquefied petroleum gas LPG , and petrochemical gases.
The company is represented in Bermuda via Consolidated Services Ltd and operates through offices located in Boston and Oslo.
Nitrogas has originated and participates in a number of long-term LNG, LPG and NH3 charters as well as various shorter-term charters and gas supply contracts.
Additionally, the firm advises a select group of traders and ship owners on deal origination, strategy and business development.
Noble, which is listed on the Singapore Stock Exchange and has headquarters in Hong Kong, but is incorporated in Bermuda, has been in crisis for three years.
The upheaval triggered a share price collapse, credit downgrades, write downs and asset sales. Noble has stood by its accounting practices.
Creditors will own 70 per cent of the revamped company, with shareholders receiving a 20 per cent stake and management 10 per cent.
Nomura's financial interests include being the biggest single pub landlord in the UK. It owns 5, pubs and 2, off licences according to the UK's Daily Telegraph.
The Bermuda-based company, which operates a fleet of ten supply vessels working in the North Sea oil industry, also declared a dividend of 2 cents per share.
We concentrate on keeping our vessel operating costs low, while always maintaining our strong commitment to safe operations. Access to financing, both equity and debt, remains a competitive advantage for us.
The company said seven of its ten vessels were in service. North Sea production was hit by the dramatic fall in world oil prices early last year.
NAO said there had been encouraging signs in the market for chartering its platform supply vessels PSVs since the end of last year.
Bermuda-headquartered Nordic American Tankers NAT has decided it will not conduct a bond offering to raise additional capital.
In an open letter to shareholders and investors, the company noted improving conditions in the tanker market.
The company has a fleet of 33 Suezmax tankers, including three new tankers that are being delivered this year. It has two of its fleet vessels up for sale.
However, in a letter to shareholders and investors this week, the company said: It is worth noting that the expected improvement in the tanker market is becoming clearer.
We also brought this up in our February report. We have now decided that it is not in the best interest of NAT shareholders to conduct a bond offering.
NAT has financial flexibility through a large Suezmax fleet and a long standing co-operation with our customers; oil and energy companies, including oil traders.
It said it expects to immediately reap the benefits of an upswing in the tanker markets. On a per-share basis, the company said it had a loss of 3 cents.
Losses, adjusted for non-recurring costs, were 1 cent per share. The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
Last month, NAT declared a dividend of 20 cents per share for the first quarter. That equates to a loss of two cents per share.
Five analysts surveyed by Zacks Investment Research had estimated the Bermudian-based company would post a break-even result. The oil tanker sector has faced challenges in the last few years.
Nordic American has ordered the construction of three new Suezmax tankers, to be delivered in the second half of Later this month the company will pay a common share dividend of 20 cents, the 78th time it has paid a dividend since The company is engaged in the transportation of crude oil and has no investments in the dry cargo or container sectors.
Commenting on the world economy and tanker market, the company said: A low oil price is stimulating the world economy, which is positive for the tanker market.
The news came as Bermuda-based insurance and reinsurance group Axis Capital increased its offer to buy Novae. Novae declined to comment on the jobs impact of the decision.
The deal is expected to close later this year. Albert Benchimol, chief executive officer of Axis, said: We believe that our final bid represents compelling and full value for Novae, as recognized by the boards of both companies.
By offering Novae shareholders an improved cash offer, Axis aims to bring certainty to the transaction.
In a statement given to this newspaper, Novae said yesterday: International property-catastrophe reinsurance remains a key class of business for Novae and will continue to be underwritten in In it announced the sale of web-hosting business Host Europe Corp.
The transaction required approval from Germany's Federal Cartel Office. Host Europe operates in the UK and Germany.
Boyle Building, 31 Queen Street, Hamilton. It runs shipping and port services in Brazil. In the same period last year, the real depreciated 17 per cent against the dollar.
Iron-Starr has underwritten coverages on behalf of Ocil, a subscribing insurer for financial lines since In a statement, Ironshore said the broadened relationship with Ocil will enable Iron-Starr to deliver an increase in syndicated capacity for commercial property risks, including natural catastrophe perils, within the Bermuda market.
Ian Smith, Ironshore senior vice-president and head of Bermuda Property, said: Jerry Rivers, chief operating officer of Bermudian-based Ocil, noted the longevity and strength of its relationship with both Ironshore and Iron-Starr.
Ocil is a Bermudian-based mutual, providing coverage primarily to its shareholders from the energy industry, but writing some third-party business too.
Incidents like the Deepwater Horizon disaster in the Gulf of Mexico represented a risk to Ocil, but this risk was mitigated by retrocessional reinsurance bought by the company, Best added.
Oil Casualty Insurance Ltd Ocil is diversifying beyond its traditional energy industry market. Ocil, a mutual insurer and reinsurer that is owned by the energy giants whose risks it covers, has been operating from Bermuda for 30 years.
But only over the past six months has it started to underwrite non-energy business as it aims to strengthen through broadening its risk exposures.
Mr Rivers said a year ago Ocil had earned the approval to diversify from its shareholders, which include Exxon Mobil, Chevron, ConocoPhillips and Total.
Amendments had to be made to the covenants in the indentures that govern the terms of its debt, and this process was completed in September last year.
In October the company began writing non-energy lines. And its property insurance division, which started out dealing with energy and mining-sector risks in and which is now diversifying into non-energy risks, is also making headway.
Hamilton Group also has a property division and Bermuda is back on the map as a property insurance market for large international customers.
Not being a publicly traded company gave Ocil the ability to grow its new business lines steadily, Mr Rivers added, in the absence of the quarterly pressure that listed entities face to deliver ever-better earnings and revenue.
Also because we are a mutual, there is a great sense of loyalty and support among our customers. So overall, the low prices in the energy market have had a muted effect on our organisation.
Fabrizio Mastrantonio, senior vice-president, insurance activities management, of Eni SpA was appointed deputy chairman. The company is an energy mutual, which is owned by companies it insures.
Areas covered include offshore and onshore exploration and production, refining and marketing, petrochemicals, mining, pipelines, electric utilities and other related energy sectors.
The board of directors also elected Roberto Benzan as chairman and Theo Guidry as deputy chairman. Over that time frame, the company has steadfastly focused on shareholder value.
The board is excited about pursuing our strategic plan as it will further strengthen our overall shareholder value proposition. Roberto Benzan, chairman of Oil, said: George Hutchings, senior vice-president and chief operating officer, said: This company, one of the first true reinsurance sidecars, is being voluntarily wound up 14 years after it was created.
The pioneering firm was set up in Bermuda in It had a quota-share agreement with member companies of White Mountains. The late John Byrne, the-then chairman of White Mountains, who had put some of his own money into the sidecar, said at the time: It gives me no great pleasure to say that.
Olympus Re proved to be a lesson in the dangers sidecar financial structures faced when their solvency was compromised by heavy losses from multiple disasters.
Mr Byrne, in a conference call in the summer of , said of the sidecar enterprises that Olympus Re had pioneered: On February 23 this year a general meeting of members of Olympus Re Holdings resolved that the company be wound up voluntarily.
John McKenna has been appointed as the liquidator. Mike Miller, chief executive officer of OneBeacon, said: Together, we will accelerate our pursuit in creating a leading speciality insurer in North America.
We look forward to working with our US and Canadian independent agents and brokers to deliver market-leading capabilities to our targeted customers.
Both companies are dedicated to ensuring a seamless transition and look forward to profitably growing our speciality portfolio going forward.
The addition of OneBeacon is creating a leading North American speciality lines insurer focused on small-to-midsize businesses.
OneBeacon is a strong strategic fit for Intact, with deep expertise in commercial and speciality lines, and shared values.
We see significant growth potential from the combination of our speciality lines operations and we look forward to welcoming OneBeacon employees to the Intact family.
It is subject to regulatory approval and other customary closing conditions. Alternatively, it could be an target for a Bermudian-based insurer seeking diversification or to scale up in size.
Bloomberg today said the speciality insurer controlled by White Mountains Insurance Group Ltd was exploring a sale.
The information was based on people familiar with the matter. The Insurance Insider said it understood the insurer was to be auctioned, with Credit Suisse appointed to run the full sales process.
Representatives for Credit Suisse declined to comment, while White Mountains did not immediately respond to a request for comment, according to Bloomberg.
US President-elect Donald Trump and his incoming administration are seeking to lower US corporate tax rates from 35 per cent to about 20, or even 15 per cent.
Speaking on Tuesday at a conference held by the Insurance Information Institute in New York, he pointed out that in the past buyers in large insurance deals tended to come from lower-tax jurisdictions, such as Bermuda and Switzerland.
According to Bloomberg, he said: Meanwhile, Insurance Insider said OneBeacon has been available for acquisition for a number of years, according to banking sources.
Has offices in Chicago and San Francisco. Phone or fax Includes the Orbis Investment Fund. The luxury resort company owns or part-owns and operates over 50 deluxe hotels, restaurants, tourist trains and inland cruise ships and properties in many countries.
In early it bought more big hotels in Italy. An emphasis has been on its core business of established properties with history and personality.
Orient Overseas International Investment holding company in property investments and development. Phone ext Founded in as a Bermuda-based investment management boutique.
With a particular focus on compliance, anti-money laundering and risk management,. A new company is to offer enhanced due diligence investigations and reports aimed at helping businesses avoid falling foul of increased regulations, and suffering reputational damage.
Searchlight is a spin-off from Oyster Consulting Bermuda. The team will include experienced staff who have worked in the fields of law enforcement, investigation, compliance and fraud detection.
Henry Komansky is part of the team, and he explained the importance of knowing who you are dealing with in the business world, whether it be your own staff and directors, or clients and third-party vendors.
Reputational damage is now widely viewed as the top risk-management concern globally. Mr Komansky is a consultant at Oyster, and he has extensive experience in business compliance and analysis, including working for the Federal Bureau of Investigation.
Brian Dowd is to be the new chairman of PartnerRe Ltd. He takes over from John Elkann, who has been in the position for two years. Mr Elkann is chairman and chief executive officer of Exor, the Italian investment firm that acquired PartnerRe in He will remain on the PartnerRe board.
The Bermuda-based company has also announced further changes. Nikhil Srinivasan will step down from the board in order to assume the role of chief investment officer.
I am confident that his extensive career experience in investments will contribute further to the success of our investment operation.
Meanwhile, Mary Ann Brown will join the board as an independent director. She retired from her executive management role at Pacific Life Insurance Company last year, where she most recently was chairwoman of Pacific Life Re.
With these changes the PartnerRe Ltd board will comprise six directors, of which four are independent directors. The new appointments of Mr Srinivasan and Mr Casarotti are subject to customary governmental approvals.
PartnerRe said the majority of its investments are accounted for at fair value, with changes in the fair value included in the net income figure.
I am pleased to see our results reflect the efforts we have made, over the past two years, to gain relevance with our key clients and brokers, and to find new attractive business opportunities.
Notwithstanding a competitive reinsurance market, we achieved a positive July 1 renewal where we continued to see increases in business margins.
These results, in conjunction with continued improved efficiency in operating expenses, and the impact of higher reinvestment yields on our investment portfolio, position our company well to deliver improved underwriting and financial results during the remainder of Non-life net premiums written were up 21 per cent for the second quarter of and 17 per cent for the half year compared to the same periods of In the life and health business, net premiums written were up 19 per cent in the second quarter of and 24 per cent for the half year compared to the same periods of , driven primarily by organic growth in the life business, a favourable foreign exchange impact and higher rates in the Health business.
The increase for the half year also reflects the inclusion of the Aurigen life premiums for two quarters in compared to only one quarter in , following the acquisition of Aurigen on April 2, Emmanuel Clarke, president and chief executive officer, said: Interest rate increases recorded during Q1 are positive news for our business longer-term, yet their accounting impact translated into a net loss.
However, the property and casualty combined ratio rose to The rise was primarily attributed to adverse prior year development related to a number of mid-sized losses, attritional losses in North America and a higher acquisition cost ratio.
The specialty combined ratio improved to These results highlight our underwriting discipline and the quality and diversification of our underwriting portfolio.
We are approaching the January 1 renewals season with a strong capital position which will allow us to benefit from improving pricing conditions in the market.
The increase was attributed primarily to net income for the first six months of this year. Exor is controlled by the billionaire Agnelli family, who are behind luxury sports car maker Ferrari and Fiat Chrysler.
PartnerRe, first announced the acquisition last year. PartnerRe chief executive officer Emmanuel Clarke said: Aurigen, set up in , has provided risk and capital management solutions tailored to specific customer needs, with its core business being the reinsurance of life insurance policies of North American residents.
The company has also provided mortality risk solutions in the US since Aurigen is a top-five life reinsurer in Canada based on recurring new reinsurance business.
Six employees have lost their jobs at PartnerRe. All those affected are either Bermudians or spouses of Bermudians.
Globally, PartnerRe has announced 16 redundancies as it reorganizes its financial operations. Those affected in Bermuda have been invited to apply for jobs with the company in Ireland.
This was a very tough decision to make; all six employees have been invited to apply for jobs in Dublin.
If they choose not to, we will do everything we can to support them in finding new positions here on the Island.
The chairman of Italian investment giant Exor today became chairman of the board at PartnerRe. He has been with the company 19 years and worked in a variety of senior roles, becoming head of specialty lines, global in PartnerRe is at an exciting place in its evolution and I look forward to working with the board and our talented teams to build on the success we have achieved so far.
This was contingent upon the receipt by PartnerRe of a private letter ruling from the United States Internal Revenue Service as to the tax shelter reporting obligations of such enhanced preferred shares.
However, on Tuesday the IRS indicated that it would not grant such a ruling. As a result Exor will, in lieu of a basis point increase in the current dividend rate, make the cash payments to PartnerRe preferred shareholders of record on the closing date.
Exor, controlled by the billionaire Agnelli family, earlier this year froze out a rival bid by reinsurance firm Axis for PartnerRe. PartnerRe said the acquisition was on track to be completed in the first quarter of next year, subject to regulatory approval.
Its results were hit hard by the paying of a termination fee and reimbursement of expenses to Axis Capital, in relation to the failed merger deal with the Bermuda reinsurer.
Interim chief executive officer, David Zwiener, said: All in, we posted a 1. That payment covered an agreed termination fee and reimbursement of expenses incurred by Axis.
At PartnerRe, however, we continue to distinguish ourselves with our clients as a stable and focused partner with long-term financial flexibility, and a proven track record of reliability.
The head of PartnerRe Global yesterday said that European buyers had welcomed takeover by Italian investment giants Exor.
He added it had also removed the integration problems and likely redundancies if a rival bid from Axis Capital had been successful and that a European parent would help boost business on the continent.
Any distractions are completely removed and, because we have not been acquired by another reinsurer, there are no integration issues to contend with.
Our clients know they will be dealing with the same underwriters and leaders they have always done. That is a great position to be in.
He said that clients understood that Exor, the investment arm of the billionaire Agnelli family, which controls car maker Fiat Chrysler, wanted to enter the reinsurance market.
Under private ownership the firm would also be freed of the pressure of quarterly earnings targets and conference calls with analysts.
It means we can take more of a long-term approach. That constant pressure to set and hit targets will be removed. The Exor name would open doors to more business in Europe.
We are a Bermuda company, but we diversified from an early stage. We became multi-line and global very early on through acquisitions and have pioneered in some areas in our industry, such as enterprise risk management.
We will remain a global, diversified company but having a European parent will certainly not hurt our case in Europe.
The pace of rate reductions and the extent to which clients were changing their programmes had slowed. We have been seeing more structured deals and aggregate covers but many buyers are thinking more long-term now.
Some have been very vocal about having smaller panels and long-term relationships. Some have cut it down to five or six players. We are adaptable to their needs.
Shareholders in reinsurance firm PartnerRe will meet next month to vote on the planned takeover of the firm by Italian investment giant Exor.
And the firm has advised shareholders to vote in favour of the merger and related transactions at the special meeting, which will start at 9am.
Italian investment giant Exor plans to propel Bermuda reinsurance firm PartnerRe into the top tier. Exor CEO John Elkann, part of the billionaire Agnelli family that runs the company, said he hoped to put PartnerRe in the top four reinsurers in the world.
We are very optimistic because covering risk in our society is a need that will continue to exist and grow with the economy. He said that Exor had been one of the founding backers of PartnerRe when it was set up in , but sold its stake after the company went public.
Our plan to put PartnerRe among the big four is a realistic objective. Each drawing is held on behalf of one or more of the society lotteries, whose revenues go to support health-related causes in their respective area.
The Health Lottery received criticism on launch for only pledging to donate Lotteries are operated at the state level in the U.
In January , Powerball set a record for the largest lottery jackpot in U. The precursor to legal lotteries were the underground " numbers game " of the s, which operated out of "Policy shops" where bettors choose numbers.
In , a report of a select committee of the New York State Assembly stated that "the lowest, meanest, worst form The game was also popular in Italian neighborhoods known as the Italian lottery , and it was known in Cuban communities as bolita "little ball".
The game's attractions to low income and working class bettors were the ability to bet small amounts of money, and that bookies could extend credit to the bettor.
In addition, policy winners could avoid paying income tax. Different policy banks would offer different rates, though a payoff of to 1 was typical.
Since the odds of winning were The first modern government-run US lottery was established in Puerto Rico in ,  followed by New Hampshire in In , Ohio became one of the first states to offer people a digital lottery option.
The technology, developed by Linq3, allows players to play the lottery on their smart phones. Lottery industry start operated in Malaysia on early by Berjaya Group.
Founded and incorporated by the Malaysian Government in , it was focused on the commercialisation of 4-Digits —based games. On 1 August , the government in a non- tender privatisation , sold the company to businessman Vincent Tan who merged it into his Berjaya Group.
It claims to be the largest operator in Malaysia of 4D-based games, with sales outlets offering a total of 7 games. The purchase of lottery tickets cannot be accounted for by decision models based on expected value maximization.
The reason is that lottery tickets cost more than the expected gain, as shown by lottery mathematics , so someone maximizing expected value should not buy lottery tickets.
Yet, lottery purchases can be explained by decision models based on expected utility maximization, as the curvature of the utility function can be adjusted to capture risk-seeking behavior.
More general models based on utility functions defined on things other than the lottery outcomes can also account for lottery purchase.
In addition to the lottery prizes, the ticket may enable some purchasers to experience a thrill and to indulge in a fantasy of becoming wealthy.
If the entertainment value or other non-monetary value obtained by playing is high enough for a given individual, then the purchase of a lottery ticket could represent a gain in overall utility.
In such a case, the disutility of a monetary loss could be outweighed by the combined expected utility of monetary and non-monetary gain, thus making the purchase a rational decision for that individual.
The chances of winning a lottery jackpot can vary widely depending on the lottery design, and are determined by several factors, including the count of possible numbers, the count of winning numbers drawn, whether or not order is significant, and whether drawn numbers are returned for the possibility of further drawing.
In a simple 6-from lotto , a player chooses six numbers from 1 to 49 no duplicates are allowed. If all six numbers on the player's ticket match those produced in the official drawing regardless of the order in which the numbers are drawn , then the player is a jackpot winner.
For such a lottery, the chance of being a jackpot winner is 1 in 13,, In bonusball lotteries where the bonus ball is compulsory, the odds are often even lower.
In the Mega Millions multi-state lottery in the United States, 5 numbers are drawn from a group of 75 and 1 number is drawn from a group of 15, and a player must match all 6 balls to win the jackpot prize.
The chance of winning the jackpot is 1 in ,, The odds of winning can also be reduced by increasing the group from which numbers are drawn. In the SuperEnalotto of Italy, players must match 6 numbers out of Most lotteries give lesser prizes for matching just some of the winning numbers, with a lesser prize for fewer matches.
Although none of these additional prizes affect the chances of winning the jackpot, they do improve the odds of winning something and therefore add a little to the value of the ticket.
Lotteries, like any form of gambling, are susceptible to fraud, despite the high degree of scrutiny claimed by the organizers. Numerous lottery scams exist.
Some advance fee fraud scams on the Internet are based on lotteries. The fraud starts with spam congratulating the recipient on their recent lottery win.
Another form of scam involves the selling of "systems" which purport to improve a player's chances of selecting the winning numbers in a Lotto game.
These scams are generally based on the buyer's and perhaps the seller's misunderstanding of probability and random numbers. Sale of these systems or software is legal, however, since they mention that the product cannot guarantee a win, let alone a jackpot.
There have also been several cases of cashiers at lottery retailers who have attempted to scam customers out of their winnings.
Some locations require the patron to hand the lottery ticket to the cashier to determine how much they have won, or if they have won at all, the cashier then scans the ticket to determine one or both.
In cases where there is no visible or audible cue to the patron of the outcome of the scan some cashiers have taken the opportunity to claim that the ticket is a loser or that it is worth far less than it is and offer to "throw it away" or surreptitiously substitute it for another ticket.
The cashier then pockets the ticket and eventually claims it as their own. The BBC TV series The Real Hustle showed a variation of the lottery scam in which a group of scammers pretended to have won a lottery, but was prevented from claiming the prize as the person who wrote the name on the back of the ticket was supposedly out of the country on that date.
They were able to persuade a stranger to put up money as collateral in order to share in the prize pool. On some occasions, the actual lottery draw itself has been compromised by fraudsters.
In the Hot Lotto fraud scandal software code was added to the Hot Lotto random number generator allowing a fraudster to predict winning numbers on specific days of the year.
Winnings in the U. In certain countries, mainly the U. The one-time payment cash or lump sum is a "smaller" amount than the advertised annuity jackpot, even before applying any withholdings to which the prize is subject.
Lottery annuities are often for a period from 20 to 30 years. This type of installment payment is often made through investment in government-backed securities.
Online lotteries pay the winners through their insurance backup. However, many winners choose lump sum, since they believe they can get a better rate of return on their investment elsewhere.
In some countries, lottery winnings are not subject to personal income tax , so there are no tax consequences to consider in choosing a payment option.
In Liechtenstein, all winnings are tax-free and the winner may opt to receive a lump sum or an annuity with regard to the jackpot prizes.
In the US, federal courts have consistently held that lump sum payments received from third parties in exchange for the rights to lottery annuities are not capital assets for tax purpose.
Rather, the lump sum is subject to ordinary income tax treatment. From Wikipedia, the free encyclopedia. For other uses, see Lottery disambiguation.
For other uses, see Lottery ticket disambiguation. Harvard Lottery Ticket New Hampshire Lottery Ticket National Lottery United Kingdom.
Lotteries in the United States. Archived from the original on Retrieved 19 October Archived from the original on 23 June Retrieved 30 May Archived from the original on 25 May Retrieved 10 June Retrieved 11 January Retrieved 13 January Retrieved 3 January Gambling mathematics Mathematics of bookmaking Poker probability.
Casino game Game of chance Game of skill List of bets Problem gambling. Category Commons Wiktionary WikiProject. Retrieved from " https: Webarchive template wayback links All articles with unsourced statements Articles with unsourced statements from July CS1 German-language sources de.
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K and discretionary e. Nor the evils of the worldwide Islamic Inquisition which — not in the 16th century but now, in the 21st, condemns Muslim apostates to barbaric execution.
Instead, aggressive White androphobes of all genders which I can no longer count are decimating the philogynous and egalitarian West.
Equality psychos are tearing down the most egalitarian society that ever existed except for initial communist experiments, before they turned bloody.
American Jews, at the apex of the greatest fortune and philosemitic tolerance their long diaspora has ever bestowed on their kind, are busy supporting all the ideologies and policies that demolish their safe harbor and build up their Muslim, Black and Third World enemies.
Leftoid masochists and the Christian meek call for returning Hawaii to the Hawaiians and capitulating before a massive Mexican reconquista of one-third of America.
The rightful Etruscan landowners are not bearing angry placards in front of the Vatican. The Japanese are not planning to relinquish Hokkaido to its original owners, the Ainu.
The tall, white and fair-haired Chachapoyas of the Andean forest have, alas, no remnants left to sue the Incas for genocide in a Peruvian court of law.
However, even that great moral abyss of Western civilization — the Holocausts — stands out more in its industrialized and organizational features than it does either in the quality of its hatefulness or its relative or even absolute volumes.
In relative numbers, in just one year, , the Hutus and Tutsis in Rwanda, killed off a total of one million, in a population of 7 million.
Is it more humane to go by a stroke of a blunt machete than by a whiff of Zyklon B? The Khmer Rouge murdered at least 2 million Cambodians between and Is it more humane to die by wallops from a Cambodian pickaxe handle than by a bullet from a German Mauser?
Inscription on the back in German: There is a special horror attached to the Third Reich, because those were 20 th century Europeans, Christians, and in many ways the smartest, most civilized people on Earth.
But the Holocausts do not prove that Whites are worse than other people, just that they are no better. The history of the Third Reich also proves that with the right formula of economic blowup, misery and humiliation, sparked by charismatic evil, no people are immune to such horror, at no time.
Our Norwegian correspondent The Observer sends his translation of an article and interview with two respectable high-profile Muslim leaders in Oslo, who have strongly negative opinions about Jews and the worldwide Jewish conspiracy.
A new trend seems to have developed in the Islamic community in Norway: It should also be pointed out that this is the same mosque that the Norwegian police apologized so profusely to last year for the fact that we have freedom of speech in Norway.
The translated article from Dagsavisen:. Many Norwegians have a negative view on Islam due to Jewish domination of the media.
We are visiting Central Jamaat-e Ahl-e Sunnat, the mosque with the largest member base in Norway, to talk to its spiritual leader.
The mosque was founded in and currently has more than 5, members. The Imam begins by explaining that all three heavenly religions, Judaism, Christianity and Islam, are sacred to them.
Many people are unaware of this fact, says Sarwar. Both of them believe that the school visits confirms their views that Norwegians in general have an inaccurate impression of Islam and Muslims.
People are ignorant because they get their information from the media, and the media only write negatively about Islam.
Only a handful of people were behind the movie about Mohammed in the U. So who was financing them, who was backing them? A big tip of the Bodissey pickelhaube to our commenter Jolie Rouge, who has provided us with a brand new acronym.
Note the aggressor is not named other than by geographical location e. North Africa, Afghanistan and surprisingly the inclusion of Turkey.
I think JIM could have great utility for our enterprise: Who will be the first major Western politician not counting Geert Wilders to break the greatest cultural taboo of our time, and mess around with JIM?
Yesterday a group of Al Qaeda terrorists assaulted a natural gas plant in Algeria and killed two foreigners while taking 41 other hostage.
Today Algerian special forces staged a helicopter raid on the plant, killing a number of the hostages — between six and 34, depending on whose figures you believe — in the process of taking out the terrorists.
Among the foreign hostages were American, British, French, and Japanese nationals. In other news, Germany has begun repatriating its foreign gold reserves, which are stored in vaults in Paris, London, and the United States.
The following article tells a brief tale about immigrant-on-immigrant violence in Cologne, with Muslims of immigrant background dealing it out and Russian immigrants as victims.
It shows the attempts by a Turk to protect a Russian family and being killed for his trouble. The translated article from Quotenqueen:.
Two criminal foreigners, free to terrorize their neighbors despite drug-related and violent crimes, killed a Turkish husband and father who tried to get them to behave.
It happened in a sector of the city called Bickendorf — a district notorious for years for immigrant violence and bordering on the thoroughly Islamized Ehrenfeld.
But no one was killed. The Spanish government recently revoked his status as a political refugee in Spain, and he is due to be deported to Pakistan, where he will face the death penalty for blasphemy.
There is currently a push to persuade the Canadian government to grant him and his family political asylum. Firasat was interviewed recently on Alerta Digital TV.
The video below shows the third part of the interview, and includes segments in English of a statement by Terry Jones. Part 1 , Part 2. Many thanks to our Spanish correspondent Hermes for the translation, and to Vlad Tepes for the subtitling:.
That means I am watching big, fat flakes accumulating on everything — though the driveway is still clear. Prior to that, we awoke this morning to heavy rains.
It is our good fortune that there was never any period of transitional ice. Why am I talking about the weather, you ask?
Because this heavy wet snow may well eventuate in a power outage. Should that happen we would have no way to tell you why when, once again, no one seems to be home.
And thanks to the generosity of our donors several years ago, we installed a gas cook stove so we can cook and have — thank heavens, again — hot coffee during the outage.
Yes, we are careful regarding the possibility of carbon monoxide poisoning if we were to use the stove for heat.
Yesterday we reported on a group of young Muslim men who accost pedestrians in certain parts of east London. The original post included an embedded video taken by the group and posted on their YouTube account.
As you all know by now, our blog was suddenly removed last night between 8 and 9pm EST for no apparent reason. Blogger never provided any explanation before, during, or after the outage.
I assume it was an internal technical problem at Google. Below is a portion of a mass email I sent out earlier today to dozens of people who had written to us to ask what happened:.
One second it was there; the next it was gone. If we had violated their terms of service, we should have received an email, according to their own established procedure.
But we received no email. And, as you can see, I still have the gmail account. Late last night I began the process that one always goes through with Blogger: We actually received a response, which is unusual with Google.
Based on the replies, there seems to have been a major problem with Blogger last night. Many other blogs disappeared in the same fashion.
Now because of bitcoin transaction fees and slow processing it is no longer what it used to be for me.
It has not evened the playing field it has made it where I cannot even step oto the playing field.
So is bitcoin cash just a means of depositing at an online casino? I mean, does your bitcoin cash turn into your country currency once the deposit is made?
Very curious about Bitcoin cash as btc transaction fees are becoming ridiculous and unstable. Something tells me that if you want a cryptocurrency to rise so fast, introduce it to gambling sites; theore people will use it, the more it'll rise.
And after rising, they can turn to "another cheaper currency" So I'm sure of this currency's bright future. Editorials Player Experiences Interviews.
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