Archive for January 5th, 2011
$48,000 Of Hydroponically-Grown Marijuana
A man appeared in Magistrates’ Court this morning [Jan 5] charged with being in possession of hydroponically-grown marijuana intended for supply. Joshua Holder, 32, was also charged with being in possession of a digital scale intended for use with an illegal drug. Police estimated the drugs had a street value of more than $48,000. Related Stories Court:... Read more of this article
Man & Woman Charged With Gun Possession
[Updated] Amidst a Police presence this morning [Jan 5], a male and female were brought to Magistrates’ Court this to face charges involving a firearm. Kofi Dill, 31, and Thayya Simons, 22, faced two gun-related charges. They were charged with being in possession of a .38 calibre revolver and ammunition in Pembroke on December 22, 2010. Bail... Read more of this article
Gerova Acquires Ruby Portfolio for $105 Million
Gerova Financial Group, Ltd., a diversified Bermuda-based financial services company, announced today (Jan.5) that it has completed the acquisition of a portfolio of life insurance policies and loans on life insurance policies representing approximately $1.2 billion of in-force life insurance. The portfolio consists of 180 policies issued by highly... Read more of this article
Island Could Play Key Role in Islamic Insurance
Bermuda is well positioned to play a key role in the swiftly growing Islamic insurance, or takaful, industry, says local law firm Conyers, Dill & Pearman. In a newly released background paper on Islamic insurance, CDP says despite the island’s small size and isolation a sophisticated legal system, a regulatory framework supervised by the... Read more of this article
