Archive for January 3rd, 2011
Bermuda Investment Fund Act Amended
The island’s 2006 Investment Funds Act has been amended to make new provisions for the regulation of investment funds on the island, the Bermuda Monetary Fund has announced. The changes found in the Investment Funds Amendment Act 2010 are designed to “strike a balance between securing appropriate protection for investors in Bermuda funds, while... Read more of this article
Police Report: Armed Man Demands Money
Yesterday morning an armed man approached a Devil’s Hole business and demanded money, according to a Police report. A Police spokesman said that “At approximately 12:30am on Sunday January 2nd police attend a business on Devil’s Hole Hill in Smith, upon police arrival it was ascertained that a suspect entered the store with what appeared... Read more of this article
Partner Re To Buy Back Seven Million Shares
The board of directors of Bermuda-based PartnerRe Ltd. today [Jan. 3] authorised the company to buy back up to seven million of its common shares in an effort to bolster the value for shareholders. The new authorisation replaces the previous authorisation of seven million common shares approved by the board in September, 2010. In early December,... Read more of this article
Airlifted Deputy Captain in Stable Condition
The Cypriot national who was brought to Bermuda yesterday via a US Coast Guard helicopter is resting on a general ward at King Edward Memorial Hospital, and listed as ‘stable’ as of 11:30am today [Jan 3]. The Cypriot press has reported that his father is flying to Bermuda to be with his son as he recuperates. The 35-year-old Deputy Captain... Read more of this article
Seadrill To Acquire $1.2 Billion Rigs
Bermuda based Seadrill has entered into an agreement to acquire the two ultra-deepwater semi-submersible drilling rigs, Seadragon I and Seadragon II. The total project price for the two rigs, which are currently under construction at the Jurong Shipyard in Singapore, is estimated to be approximately US$1.2 billion (including project management for the... Read more of this article
Photos: Car Crashed on Warwick Sidewalk
This morning [Jan 3] a car is visible crashed up on the sidewalk on Middle Road in Warwick by the Esso Gas Station. It appears from the position of the barriers and the damage to the sidewalk that the car hit the sidewalk and ended up in the position shown. It is unclear at this time whether anyone was injured in this accident or not, however we will... Read more of this article
Rising Bermuda Stars Shine in Europe
Bermudian performers Joy T. Barnum and Taylor Rankin recently returned to the island after earning international exposure — and widespread acclaim – in Europe where they appeared as supporting acts for Bermudian superstar Heather Nova. Vocalist Miss Barnum and singer/violinist Mr. Rankin played at selected dates on the Bermudian indie/folk... Read more of this article
