Archive for July, 2014

People’s Campaign & Premier: 7-Day Response

The Cabinet Office advised today that the Premier Michael Dunkley, had been contacted by the leadership of the People’s Campaign who reached out to him yesterday to “express concern about the heightened tensions in the community and misleading media reports in light of recent events.” “During the exchange, the Campaign leadership... Read more of this article

New Shuttle Service: Dockyard To Beaches

The West End Development Corporation [WEDCo], in partnership with the Ministry of Tourism & Transport, revealed today [July 30] the introduction of a Minibus beach shuttle service to and from Dockyard and the South Shore beaches. A WEDCo spokesperson said, “WEDCo is pleased to continue working with the Ministry of Tourism and Transport and private... Read more of this article

Wells & Huddersfield Back To Winning Ways

Nahki Wells and his Huddersfield FC teammates got back to their winning ways during preseason action yesterday [July 29], following up a disappointing 1-0 defeat to Scunthorpe United with a 1-0 victory over Sheffield United. According to the official Huddersfield FC website, “Town started to get a foothold in the game when they pressed with vigour... Read more of this article

BFIS Summer Interns Make Presentations

On July 28, the Bermuda Foundation for Insurance Studies [BFIS] Overseas Summer Interns made presentations to about 40 students and insurance professionals on what they learned after being immersed in the insurance sectors in Atlanta, Chicago, and London for two weeks earlier in July. “This was a wonderful, life-changing opportunity,” said one... Read more of this article

Burchall On The History Behind Cup Match

[Written by Larry Burchall] Bermuda’s Cup Match holiday is an historic occasion of global importance because it represents, in a sense, the world’s longest strike. That first labour withdrawal happened on 1st August 1835. Exactly one year after Emancipation Day 1834. On 1st August 1835, as far as is known, thousands of Bermuda’s ex-slaves, now... Read more of this article

BMA Stats Show Bermuda’s ‘Continued Strength’

First half statistics recently released by the Bermuda Monetary Authority [BMA] ”demonstrate the continued strength of Bermuda’s financial services industry and its ability to generate growth despite the uncertain global outlook,” the BMA said. Shelby Weldon, Director of Licensing & Authorisations at the Authority, said, “The... Read more of this article

Video: BPS, Agencies Encourage Safe Holiday

The Bermuda Police Service [BPS] is wishing all those who will be taking part in Cup Match activities over the holiday to be safe and respect the law, outlining their efforts to maintain order during the island’s busiest time of year, while also warning the public about the possible passing of fake currency. BPS will employ high-visibility patrols,... Read more of this article

OBA Responds To PLP On PRC Status Matter

The debate over Government’s recent decision to withdraw the appeal in the PRC status matter continues, with the OBA responding to recent comments made by Shadow Minister for Immigration and External Affairs Walton Brown. Background A May 2014 ruling by Chief Justice Kawaley essentially means that there is, under current legislation, a pathway... Read more of this article

Sand Sculpture Competition Set For August 30

It’s time to start developing your sand sculpture design for the annual Bermuda Sand Sculpture Competition, set to take place on August 30, 2014 at Horseshoe Bay Beach from 10.00am to 4.00pm in the 19th iteration of the contest, following up on last year’s successful event. A spokesperson said, “Organisers are expecting a bumper crop... Read more of this article

BEST Comments On Bermudiana Beach Resort

BEST said they are “pleased to see that the resurrection of the development formerly known as Grand Atlantic is taking shape,” saying the latest plans for the project, renamed Bermudiana Beach Resort, “appears to us set to transform the boxy, gray, stone buildings into pastel-hued and livable tourist residences.” The Grand Atlantic... Read more of this article

PartnerRe Ltd. 2014 Q2 Net Income: $257.7M

Bermuda-based PartnerRe Ltd. reported net income of $257.7 million, or $5.02 per share for the second quarter of 2014. This includes net after-tax realized and unrealized gains on investments of $123.7 million, or $2.41 per share. The net loss for the second quarter of 2013 was $190.4 million, or $3.37 per share, including net after-tax realized and... Read more of this article