Archive for December, 2012
Arch Estimates Sandy’s Cost At $170-240M
Bermuda-based Arch Capital Group Ltd. announced that its preliminary estimate of losses relating to Storm Sandy ranges between $170 million and $240 million, net of reinsurance and the effects of reinstatement premiums. This preliminary loss estimate is based on projected industry insured losses ranging from $20 billion to $25 billion. The losses from... Read more of this article
Holiday Harness Pony Racing Schedule
The Bermuda Driving Horse & Pony Club will be hosting harness pony racing action over the holiday period at the National Equestrian Center on Vesey Street. On Boxing Day, Wednesday [Dec 26], post time at the track is noon for the Boxing Day Stakes. In the event of inclement weather, Saturday [Dec 29] has been set as a rain date. For those able... Read more of this article
Photos: ‘For Now By Sail On’ Store Opens
A new store — ‘For Now By Sail On’ — has opened in the Washington Mall, located where All Wrapped Up used to be. The first Sail On first opened in 1985, and since then has grown and expanded locations. This is the third new store to open in the Washington Mall in recent weeks, following after Guilty Pleasures and Atlantic Jewellery. Click... Read more of this article
Collie Buddz Releases New Song: “No Time”
Bermudian reggae singer Collie Buddz released his latest track — “No Time” — earlier this week. The video was published online two days ago, and is available for purchase here on iTunes. Related Stories Collie Buddz Nominated In Caribbean Awards Collie Buddz To Perform At Snorkel Park Collie Buddz Music: 67 Million Spotify... Read more of this article
Athene Holding Ltd Buys Aviva USA For $1.8B
Athene Holding Ltd., a Bermuda-based insurance holding company, will acquire Aviva plc’s U.S. annuity and life insurance operations, including Aviva Life and Annuity Company, based in Iowa, and Aviva Life and Annuity Company of New York. Athene will acquire Aviva USA, which has approximately $56 billion of statutory admitted assets as of September... Read more of this article
CURB: “Not Moved Into A Post-Racial Era”
Citizens Uprooting Racism in Bermuda [CURB] congratulated the One Bermuda Alliance on winning the General Election, and said they look forward to meeting with the new Government regarding the points on the CURB Racial Justice Platform. CURB President, Cordell Riley said: “We look forward to taking up the opportunity to meet with the new Government... Read more of this article
100+ American Protesters Descend On Cayman
On 13 December 2012, over 100 Americans descended on the Cayman Islands to protest their tax policies and demand that American corporations pay their “fair share of taxes.” They held signs saying “Bring our tax dollars home” and “We want our money back” and sang a parody song to Harry Belafonte’s “Day-O” with the... Read more of this article
Canadian Hotel Fire Investigation Ongoing
The section of Reid Street between King Street and Court Street has been re-opened to normal traffic flow and parking after a structural assessment of the old Canadian Hotel building was completed. On Wednesday [Dec 19] evening, twenty-five firefighters battled a blaze that broke out at the old Canadian Hotel on Reid Street. The building was first opened... Read more of this article
Man Charged With Importing $178K Of Cocaine
In Magistrates Court yesterday [Dec 21], Barbadian national Dave McDonald Trotman, 39, faced a charge of importing cocaine and a second charge of possessing cocaine with intent to supply. Both allegations arose out of an intervention on 18th December in St George’s. Crown Prosecutor Cindy Clarke said that the street value of the cocaine was $178,000. Both... Read more of this article
Video: Marc Bean Elected New PLP Leader
[Updated: The election was between Terry Lister and Marc Bean, with Mr Bean being elected the new Party Leader by a margin of 111 - 35. Derrick Burgess remains the Deputy Leader.] The Progressive Labour Party is hosting a Special Delegates Conference this evening [Dec 21] to select a new Party Leader following the resignation of former Premier and Party... Read more of this article
UK Minister Congratulates Premier Cannonier
Following Bermuda’s General Election on 17 December, Mark Simmonds MP, Minister for the Overseas Territories has made the following statement: “I welcome the appointment of Premier Craig Cannonier, JP, MP, leader of One Bermuda Alliance. Bermuda is the oldest and most populous Overseas Territory with strong constitutional connections to the UK,... Read more of this article
Premier Forms Economic Recovery Committee
The Cabinet Office announced this evening [Dec 21] that the Premier Craig Cannonier has formed a committee called the ‘Jobs and Economic Recovery Cabinet Committee.’ Premier Cannonier will chair the committee, which comprises of the Minister of Finance Bob Richards, the Minister of Tourism Development & Transport Shawn Crockwell, the... Read more of this article
