Archive for January 7th, 2011
Columnist Targets Bermuda “Price-Gougers”
Never mind mortgage payments and taxes. For Florida homeowners and businessmen, property insurance will soon become the largest recurring expense thanks, in part, to “price gouging” by Bermuda reinsurers, says a Sarasota columnist today [Jan.7]. Eric Ernst was commenting on a recent series of scathing “Sarasota Herald-Tribune”... Read more of this article
Tanker Deaths Still Under Investigation
The Bahamian press reports that the two bodies retrieved from the Aegean Angel are expected to be handed over to Greek authorities by next week once Bahamian police have conducted their preliminary inquiries. Following the two tragic deaths aboard the boat, a Cypriot national was brought to Bermuda five days ago via a US Coast Guard helicopter. He is... Read more of this article
BMDS Checks In To “Fawlty Towers”
Don’t mention “Fawlty Towers” — unless you’re in the mood for an upcoming Bermuda Musical & Dramatic Society production which cuts extremely close to the funny bone. Following on from the success of its adaptation of scripts from the Britcom “Dad’s Army” last year, the BMDS will be staging a portmanteau... Read more of this article
Canopius Expands Into Switzerland
Canopius Group, which operates two companies in Bermuda, announced today (Jan.7) will establish a reinsurance underwriting platform based in Zurich. The new operation, Canopius Europe, will begin by focusing on European treaty reinsurance business and will underwrite on behalf of Canopius Group’s Syndicate 4444 at Lloyd’s, subject to necessary... Read more of this article
Cabinet Office Announces Re-Assignments
The Cabinet Office announced today [Jan 7] that Mr. Wayne Carey assumed responsibility for the post of Permanent Secretary in the Ministry of Youth, Families and Community Development on January 4th. Ms. Michelle Khaldun, General Manager of the Bermuda Small Business Development Corporation, has been seconded to the post of Permanent Secretary in the... Read more of this article
Man Charged with Two Armed Robberies
48 hours after two defendants were brought before the courts on firearm charges, another man was charged with firearm related offences. Curtis Mallory, 20, appeared this morning [Jan 7] in Magistrates Court in relation to two separate armed robberies of individuals that both occurred earlier this week. In relation to both counts, he was charged with... Read more of this article
Bermuda Cricketers Win Three In a Row
Bermuda National Cricket team won their last match against the UAE National Team, making it three wins a row for the local cricketers after besting the UAE under 19 team twice already on this training tour of Dubai. The final score was UAE 149/8 Bermuda 151/2. UAE batted first and were restricted to 149/8 in their allotted overs, during Bermuda’s... Read more of this article
Ex-BMA CEO Doesn’t Regret Irish Move
Former Bermuda Monetary Authority chief executive officer Matthew Elderfield took a 50 percent pay cut when he left the island to become Ireland’s financial regulator last year — and took on more work than he could possibly have imagined when the European country’s banking system virtually collapsed. In an interview with Dublin’s... Read more of this article
Ex-Obama Advisor To Visit Bermuda
Lawrence Summers — who recently stepped down as President Obama’s director of the US National Economic Council and was US Treasury Secretary under President Clinton – will be visiting Bermuda in May as keynote speaker at the 17th Annual Alpha Hedge Bermuda Global Hedge Fund Summit. Economist Mr. Summers, a former president of Harvard... Read more of this article
Lawyer Charles Richardson Charged in Court
This morning well-known defence lawyer Charles Richardson was faced with charges relating to alleged defamation stemming from remarks alleged to have been made by him in a Facebook status update about a police officer on May 11, 2010. After hearing arguments by Mr Attridge, who was acting for Mr Richardson, and after hearing the DPP’s argument, Magistrate... Read more of this article
History: The First Flight to Bermuda
Although the Atlantic was first crossed by aircraft in 1919, it took another 11 years before the first pilots ventured to Bermuda — a spot deemed too dangerous to fly to by early aviators because of the island’s lack of radio aids to navigation. But the challenge to reach Bermuda eventually proved irresistable to early barnstorming pilots. And aviation... Read more of this article
New Stickers: Fisheries Regulations 2010
The Minister of Environment, Planning and Infrastructure Strategy Walter Roban announced the production of new Fisheries stickers which outline the Fisheries Regulations 2010 concerning minimum sizes for fish, bag limits, protected species, lobster diving, spear fishing and general regulations. New regulations on the stickers include the requirement... Read more of this article
