Archive for November, 2010

Tourist Confronts Intruder at Fairmont Hamilton

Around 3:30am today [Nov 22], Police responded to a report of a burglary at the Fairmont Hamilton Princess Hotel. The Police say that it appears that around 3:15am an unknown culprit gained entry into a guest room and was confronted by the occupants. The intruder escaped after a scuffle with the 67 year old American male visitor in the room, who received... Read more of this article

Premier and Minister of Finance: Fitch Ratings

Today [Nov 22], Fitch concluded its rating action on Bermuda and affirmed Bermuda’s AA+ rating, which is one notch below the highest rating of AAA. The Premier and Minister of Finance Paula Cox welcomed the ratings notification on Bermuda and pointed out that this action followed the Standard & Poor’s ratings update in September 2010, when Bermuda’s... Read more of this article

Fitch Reaffirms Bermuda’s Rating: Outlook Stable

Bermuda’s recession-battered economy has today [Nov.22] received a cautiously optimistic prognosis from one of the world’s top ratings agencies. Fitch Ratings today affirmed Bermuda’s foreign currency Issuer Default Rating (IDR) at ‘AA+’ and its local currency IDR at ‘AAA’. The Outlooks on both ratings are... Read more of this article

Full Schedule: 2010/11 Football PDL League

The Bermuda Football Association Player Development League [PDL] officially kicked off on Saturday, November 20th. A total of eight teams will compete during the league season, which comes to an end in March, 2011. The complete listing of the regular schedule is available below: Related Stories Football: Devonshire Colts & Robin Hood Win Kobe... Read more of this article

Culture: Talking The Bermudian Talk …

You say vernacular, we say “wernacular” — and this tendency to transpose “v” and “w” is one of the reasons why Bermuda’s unique accent continues to be the subject of continuing popular and scholarly interest around the world. Recently the International Dialects of English Archive added a Bermudian... Read more of this article

Video from 1931: Prince of Wales Visits Bermuda

In February 1931, Albert Edward, Prince of Wales, traveled to Bermuda along with his younger brother George. He was en route to Buenos Aires to open a British Industries Exhibition. Large crowds gathered to welcome the Prince of Wales and his younger brother George at the dock in Hamilton. The Prince arrives, is welcomed and the group is then taken... Read more of this article

Oil Casualty gets A- Rating from Best

Today [Nov 21]A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and issuer credit rating of “a-” to Oil Casualty Insurance, Ltd (OCIL). The outlook assigned to both ratings is stable. The rating is the first that A.M. Best has assigned to the Bermuda-based energy market excess general liability insurer. A.M. Best... Read more of this article

Monitoring The Health Of Bermuda’s Reefs

For centuries Bermudians have placed a high environmental and cultural value on the island’s reef system — the northernmost coral formations in the Atlantic Ocean. Earlier this year a monetary value was placed on our protective reefs — calculating they provided $722 million annually in direct economic benefits through coastal... Read more of this article

BCB Holdings Limited $7.6 Million Net Income

In a filing to the Bermuda Stock Exchange, BCB Holdings Limited reported net income of $7.6 million for the three months ended 30 September, 2010, the second quarter of fiscal 2011. Earnings per share for the quarter ended 30 September, 2010 was $0.08 (2009 – $0.13). For the six months ended 30 September, 2010 the Company reported net income of... Read more of this article

Tre Houston: Bermuda’s Next Ice Man Cometh?

Bermuda’s top sprinter Tre Houston is a world-class track and field athlete — and now there are some trying to recruit him as Bermuda’s next Winter Olympian. Mr Houston, who set two personal bests during the recent 2010 Commonwealth Games in India, recently told Bernews there had been some preliminary discussions about him following... Read more of this article

Premier Officially Opens Cooper’s 3rd Floor

A.S. Cooper & Sons celebrated the official opening of their new Reid Street level 3rd floor on Friday with a ribbon cutting by Premier Paula Cox. After an introduction by Chairman of the A.S. Cooper Board, Kim White, Premier Cox applauded A.S. Cooper & Sons for their “innovation, intelligence and inventiveness” and for “building from... Read more of this article

Bermuda School Sports Website Launched

With the help of Digicel, Islandstats.com has launched a new website to highlight the sporting achievements and participation of Bermuda’s young people. Bermuda School Sports Federation Ltd covers the full range of sports of all ages and genders of the island’s students. With up-to-the minute results and statistics, as well as comprehensive... Read more of this article