Archive for December, 2011
Top Ratings For Lion Reinsurance
A.M. Best Co. has assigned a financial strength rating of A- [Excellent] and issuer credit rating of “a-” to Bermuda’s Lion Reinsurance Company Limited. The outlook assigned to both ratings is stable. The ratings reflect Lion Re’s excellent initial capitalisation, conservative operating strategy and explicit parental support.... Read more of this article
Perozzi To Fight Tonight In Trinidad
Bermuda’s Teresa Perozzi will battle Trinidad’s Lorissa Rivas for the WBC and WIB Women’s Middleweight Title Belts this evening [Dec.30] in Trinidad. The promoter had previously announced the fight would be called off, however a few days ago the pieces pulled together, and the bout was confirmed. Last night Ms. Perozzi weighed in at 159lbs, and... Read more of this article
Miss Teen Wins ‘Best Interview’
Last night [Dec.29] Miss Teen Bermuda Shaunte Simons won the ‘Best Interview’ portion of the 32nd Annual Digicel Haynes Smith Miss Talented Teen Competition being held in St. Kitts. Of the four categories, Miss Teen St Kitts walked away with three – Best Ambassadorial Outfit, Best Talent, Best Production while Miss Teen Bermuda walked... Read more of this article
Police Update: Security Van Ambushed
[Updated with videos] Armed men ambushed the security van forcing the guards to get the staff to open the door in yesterday morning’s armed robbery in Sandys, the police confirmed this afternoon. At approximately 8.15am yesterday morning a group of men committed the armed robbery at the Arnolds Warehouse in the Hitching Post building on Middle... Read more of this article
Standard & Poor’s Downgrades Bermuda Rating
[Updated w/Bob Richards comments] Premier and Finance Minister Paula Cox today [Dec. 29] announced international ratings agency Standard & Poor’s [S&P] has lowered its long-term sovereign rating on Bermuda from AA to AA-. A statement released said, “The Ministry of Finance spoke with S&P today about this latest action and was advised... Read more of this article
Bermuda-Owned Megacarrier In China
One of the world’s largest ore carriers, the 388,000 dead-weight tonne “Berge Everest” — owned and operated by Bermuda-based Berge Bulk — broke a year-long impasse with Beijing and docked in China for the first time on Wednesday [Dec. 28] Under long-term contract with Brazil mining company Vale, the deadlock with Chinese... Read more of this article
Bermuda Longtail Numbers Soar
Conservation officer Jeremy Madeiros says with continued protection and management, the future now looks bright for the Bermuda Longtail — the island’s traditional herald of spring. Writing in the Bermuda Audubon Society’s winter newsletter, he says a longterm artificial nest programme has helped to boost numbers of the Bermuda Longtail... Read more of this article
Alliance’s Russian Venture Proceeds
In a joint venture with Bermuda’s Alliance Group, Spain’s biggest oil firm Repsol has agreed to buy Russian exploration and production company Eurotek for around $230 million. Eurotek has oil fields with 115 million barrels in reserves in western Siberia that Repsol will incorporate next year in the new venture it agreed to set up last... Read more of this article
Man Remanded For Trespassing
Appearing in Magistrates Court this morning [Dec.29] was 35-year-old Cannoth Roberts who was charged with trespassing at the Somerset Marketplace. The Court heard that Mr Roberts, who is of no fixed abode, had previously received a legal letter warning him to stay off the property. Senior Magistrate Archibald Warner remanded him into custody until... Read more of this article
Minister Bean On Dog Importations
Minister of Environment, Planning and Infrastructure Strategy Marc Bean this morning [Dec. 29] made two announcements regarding the island’s dog regulations — confirming pets will still be able to brought in from the UK without rabies vaccinations and adjusting restrictions on some previously banned breeds. Minister Bean said despite new... Read more of this article
18-Yr-Old Denies Cocaine Smuggling
18-year-old Jonathon Burch DaCosta appeared in Magistrates Court this morning [Dec.29] charged with importing cocaine on Christmas Eve. The Court heard that on 24 December 2011, he was allegedly caught at the airport in possession of 98.33 grams of cocaine, with the drugs having allegedly been ingested. Mr Dacosta was charged with importing the cocaine... Read more of this article
Two 21-Yr-Olds Injured In Bike Accident
Last night [Dec.28] there was an accident involving two motorcycles on Malabar Road in Sandys, which saw two 21-year-old men receive non life threatening injuries. A police spokesperson said, “Around 9pm on Wednesday, December 28th police and first responders attended a reported road traffic collision resulting in injury on Malabar Road in Sandys... Read more of this article
