Archive for January 23rd, 2012
Man Arrested For Impaired Driving
Yesterday morning [Jan.22] police arrested a 37-year-old man on suspicion of drunk driving. A police spokesperson, “Around 3:30am on Sunday January 22nd, police officers on mobile patrol along Middle Road, Paget noticed a car that was driving in an erratic manner near the junction with Chapel Road. “The driver, a 37 year old Warwick man... Read more of this article
City’s ‘Revolutionary’ Union Agreement
The City of Hamilton today [Jan. 23] announced it has signed a “revolutionary” Collective Bargaining Agreement for its management group with the Bermuda Public Services Union. Making the announcement, Hamilton Mayor Charles Gosling. Mayor Gosling stated, “The negotiation for the management group at the City of Hamilton was a revolutionary... Read more of this article
Chewstick’s Bakatown Film Festival
The Chewstick Foundation will be holding their 1st Annual Bakatown Short Film Festival starting Thursday, January 26th and continuing through to Saturday, January 28th. The 1st edition of the Bakatown Film Festival promises to be one of the best ever, as Chewstick will host a series of events celebrating local film culture, storytelling and production,... Read more of this article
Taxis: Six Month GPS Grace Period
[Updated with video] Transport Minister Derrick Burgess today [Jan. 23] announced a six-month grace period for Bermuda’s taxi drivers to have any faulty Global Positioning Systems in their vehicles repaired. Mr. Burgess said the move had been taken because “numerous” drivers had approached the Ministry saying they cannot currently... Read more of this article
New Tax Agreements: Turkey & Korea
[Updated] Bermuda today [Jan. 23] signed Tax Information Exchange Agreements [TIEA] with both Turkey and the Republic of Korea. The agreement was sıgned by Mehmet Kilci, Presıdent of Revenue Admınıstratıon for Turkey and Premier and Finance Minister Paula Cox. A Government spokesman said the TIEA provides a full exchange of informatıon on crımınal... Read more of this article
A.M. Best Analysts Upgrade Arch
Ratings agency A.M. Best Co. has upgraded the financial strength ratings [FSR] to A+ [Superior] from A [Excellent] and the issuer credit ratings [ICR] to “aa-” from “a+” of Bermuda’s Arch Reinsurance Ltd., its strategic affiliates and its separately rated affiliate, Arch Specialty Insurance Company. A.M. Best also has... Read more of this article
Canadian Academic On BSX Deal
A Canadian academic who has written a highly-critical book about offshore financial centres today [Jan. 23] derided the recent decision by that country’s TMX Group’s to buy a stake in the Bermuda Stock Exchange. University of Quebec sociologist Alain Deneault — author of 2011′s “Offshore: Tax Havens and the Rule of Global... Read more of this article
Videos: TCM Celebrates ‘The Deep’
Turner Classic Movies [TCM] has recently been celebrating the underwater thriller “The Deep”, director Peter Yates’ cinematic adaptation of the Peter Benchley bestseller shot largely on location in Bermuda in the summer of 1976. In a long retrospective at the TCM website, film historian Andrea Passafiume — who works for the... Read more of this article
Teen Bailed: Gun Possession Charges
[Updated] This morning [Jan.23] in Magistrates Court, 18-year-old Dameko Dublin was charged with possession of a prohibited weapon [firearm] and possession of ammunition. He received bail in the amount of $25,000. A police spokesperson said Mr Dublin was wanted by police in connection with the recovery of an illegal firearm in Devonshire in November... Read more of this article
Two Accidents, One Person Injured
A 59-year-old woman walked away with no injuries after crashing her car into a wall in Southampton, while a 47-year-old man sustained a leg injury after a bike accident on Devonshire. A police spokesperson said, “Around 12:30pm on Sunday, January 22nd police and first responders attended a reported single vehicle collision on Middle Road in Southampton... Read more of this article
Ironshore’s New Australia Executive
The Australian operation of Bermuda re/insurer Ironshore has announced the appointment of Katherine Simmonds as Executive Director, who was also named to serve on the Board of Directors for Ironshore Australia. Ms Simmonds will be responsible for Ironshore Australia’s Mergers & Acquisitions [M&A] insurance programme offerings throughout... Read more of this article
Golar Deploys Two ’70s Carriers
Bermuda’s Golar LNG Ltd., the operator of liquefied natural gas ships [LNG], took full ownership of a 35-year-old tanker and reactivated another built two years earlier as charter rates rise to new records. Buying the remaining 50 percent stake in the “Gandria”, built in 1977, from a Bluewater Energy Services BV affiliate cost $19.5... Read more of this article
