Archive for December 23rd, 2011
Two Arrests: Southampton Shooting
Police said that two men have been arrested in connection with the shooting of a 38 year old man outside his East Avenue, Southampton home on Wednesday [Dec.21]. The suspects – a 26 year old male from Pembroke and a 22 year old male from Paget – remain in police custody. A police spokesperson said, “Detectives from the Serious Crime Unit... Read more of this article
KFC & BIU: “Commit To Discussions”
This afternoon [Dec.23] KFC and the BIU issued a joint statement saying they “commit to engage in significant discussions,” and the Department of Labour has agreed to provide facilitation services. The statement also said that both parties will “enter a quiet period while discussions are ongoing through at least 16th January 2012 and... Read more of this article
Family On Weapon, Drugs Charges
A father, his two sons, and the son’s girlfriend appeared in Magistrates Court this morning [Dec.23] facing a variety of charges including possessing a prohibited weapon, illegal drugs, and obstructing police. All the alleged offences stemmed from a Police search of their residence at Ord Valley Lane, Warwick at 5.40am this past Wednesday [Dec.21]. 47-year-old... Read more of this article
‘Winter Whales’ Spotted Off Sonesta Beach
Five humpback whales were spotted in 100-feet of water off Sonesta Beach earlier this week; the sixth season in a row the ‘winter whales’ have been sighted. Whale researcher Andrew Stevenson said, “It is very important to log these winter sightings to help us understand the humpback whales’ behaviour. Most studies of the humpbacks... Read more of this article
Drug Case: Million Dollar Bail Remains
46-year-old Shannon Forth, who was granted bail of one million dollars on 9th December, returned to Magistrates Court this morning [Dec.23] with his lawyer Elizabeth Christopher seeking to have his bail reduced. Mr Forth had been charged with the offences of importing diamorphine [heroin] and of possessing a quantity of diamorphine with intent to supply.... Read more of this article
Stable Outlook For Wind River Re
A.M. Best Co. has affirmed the financial strength rating of A [Excellent] and issuer credit ratings [ICR] of “a” of Bermuda’s Wind River Reinsurance Company, Ltd. and its US subsidiaries. Concurrently, the international ratings agency has affirmed the ICR of “bbb” of the ultimate parent holding company of Wind River Re,... Read more of this article
Video: Small Brush Fire In St. George’s
The Bermuda Fire Service responded to a report of a brush fire in the Wellington, St. George’s area last night [Dec.21] at approximately 9:45pm. Police had a portion of Wellington Hill closed as Fire Service personnel went about wetting down the area. Two Fire Service vehicles with approximately seven personnel and one police car attended the... Read more of this article
Four Clubs Advance To PDL Semi-Finals
The Bermuda Football Association announced the four clubs who have advanced to semi-finals of the PDL Christmas tournament. Bermuda Athletic Association and Dandy Town Hornets advance out of Group A, while PHC and North Village Rams advance out of Group B. The first match will feature BAA vs NVCC Rams starting 7pm, followed PHC vs Dandy Town Hornets.... Read more of this article
Collie Buddz Song: “I Feel So Good”
‘Tis the season to be merry — and the new holiday release from Bermuda reggae singer Collie Buddz “I Feel So Good” is just that: a mellow celebration of life. Produced by Dynasty Productions for Dynasty Records and Twelve 9 Records, the Bermudian dancehall star’s song appeared online earlier this month. Best known for his... Read more of this article
Evergreen’s Ratings Affirmed By Agency
A.M. Best Co. today [Dec. 23] affirmed the financial strength rating of A [Excellent] and issuer credit rating of “a” of Bermuda’s Evergreen Reinsurance Company, Ltd. [ERCL]. The ratings agency outlook for both ratings is stable. Hamilton-based Evergreen Reinsurance Company Limited, a specialist in risk management and captive insurance management,... Read more of this article
Bermuda Market Assesses NZ Quakes
Bermuda re/insurers are assessing their likely exposures to the latest earthquakes to rock the New Zealand city of Christchurch as analysts estimate the costs will be significantly less than the devastating impact of the shocks earlier this year. Initial damage reports of a series of temblors yesterday [Dec.22] indicated that buildings in the central... Read more of this article
ConvergEx Bermuda Subsidiary Probed
ConvergEx Group today [Dec.24] announced the company and CVC Capital Partners have terminated their pending merger because of parallel investigations by the US Securities & Exchange Commission and Department of Justice into a Bermuda subsidiary of the technology firm. The transaction, announced on July 20, 2011, provided for ConvergEx to be acquired... Read more of this article
