Archive for March, 2013
Coast Guard Responds 500 Miles Off Bermuda
The U.S. Coast Guard is responding to a distressed vessel with nine people aboard approximately 500 miles southeast of Bermuda today [Mar 27]. Coast Guard watchstanders received an emergency position-indicating radio beacon distress signal at 1:15 p.m. registered to the 109-foot catamaran, Mouse Trap. The Mouse Trap’s crew reported that their vessel... Read more of this article
Chairman Thad Hollis On OBA’s First 100 Days
[Written by OBA Chairman Thad Hollis + Updated with PLP response] The Progressive Labour Party seems, to judge by the statements yesterday of Mr. Bean and Mr. Roban, to have returned to the tactics of misdirection, distortion and exaggeration that became so familiar to Bermudians during their term of Government and more particular during the election... Read more of this article
Top Fashionista Minkoff To Visit Bermuda
An industry leader in casual luxury handbags, accessories, and apparel, New York-based Rebecca Minkoff [pictured] will be heading to the island for Bermuda’s Fashion Week in July. Known for her playful and subtly edgy designs, Ms Minkoff told the Racked.com fashion website today she is looking forward to visiting Bermuda for the first time. “I’m... Read more of this article
Swan: Restoring Golf Will Benefit St. Georges
Golf is a major part of the Bermuda Department of Tourism’s marketing campaign and St. George’s will benefit when golf is restored, said former St George’s MP and golf professional Kim Swan. “The Town of St. George’s has been without a golf course for four years and the absence of this important amenity has been detrimental... Read more of this article
MP Walton Brown On Election Law Compliance
Progressive Labour Party MP Walton Brown has initiated discussions with the Speaker of the House to identify a process to ensure that MPs are “fully compliant with our election laws.” Mr Brown said, “The recent electoral challenges in our sister Overseas Territory, Turks and Caicos, which were based on non-disclosure of candidates’... Read more of this article
OIL Holds AGM At Fairmont Southampton
Bermuda’s Oil Insurance Limited [OIL] held its 2013 Annual General Meeting last Wednesday [Mar. 20] at the Fairmont Southampton Hotel. Management reviewed OIL’s 2012 audited financials with the shareholders. During the year, OIL had $672 million of written and earned premium while incurred losses, inclusive of loss adjustment expenses, totaled... Read more of this article
Bermuda Prepares To Sign AIFMD Agreement
The Bermuda Monetary Authority are advancing preparations to sign a cooperation agreement with Europe under the Alternative Investment Fund Managers Directive [AIFMD]. The AIFMD is due to be implemented across Europe by 22nd July 2013. The Authority has been in discussions with the European Securities and Markets Authority [ESMA], and is aiming to sign... Read more of this article
20-Year-Old Man Hospitalized After Collision
A 20-year-old Pembroke man is in hospital following a collision early this morning [Mar 27] on Middle Road in Devonshire. A police spokesperson said, “Around 2:45am on Wednesday, March 27th police and first responders attended a reported serious single vehicle collision on Middle Road in Devonshire between Orange Valley Road and Tee Street. “Details... Read more of this article
Schedule Changes For This Weekend’s Football
The Bermuda Football Association has made changes to the upcoming schedule. The Masters K.O. Cup Final featuring the Somerset Extros and the St. George’s Stallions will be played on Saturday, March 30th at Bernard Park at 3:00p.m. All First Division matches scheduled for Sunday, March 31st will be played at 12:30pm instead of 3:00pm. Both FA Challenge... Read more of this article
Validus Case Has “Serious Ramifications”
A 2008 ruling by the US Internal Revenue Service on Bermudian reinsurer Validus has serious ramifications for other insurers and reinsurers, US law firm Edwards Wildman has warned. In January Validus Reinsurance filed a lawsuit against the US to challenge the ruling under which the IRS considered the cascading Federal Excise Tax [FET] to be applicable... Read more of this article
Police To Maintain ‘High Visibility’ Over Holiday
During the upcoming Good Friday holiday and Easter weekend the public will notice a visible police presence, both armed and unarmed across the island, the police said today [Mar 27]. Acting Assistant Commissioner Martin Weekes said, “The upcoming Good Friday holiday and Easter weekend will see a number of events and festive activities at various... Read more of this article
Murder: Norris Simpson Sentencing Adjourned
[Updated] Norris Simpson — who was convicted of the murder of Ida James — appeared in the Supreme Court for sentencing this morning [Mar 27], with his case adjourned until next month. The convicted killer used his free arm to cover his face with a notepad as he entered court. This maintains the policy he had during the trial of shielding... Read more of this article
