Archive for July, 2016
XL Completes Redomestication To Bermuda
XL Group Ltd announced today [July 25] that it has completed its redomestication to change the place of incorporation of the ultimate parent holding company to Bermuda from Ireland. As previously announced, the name of the new holding company is XL Group Ltd. XL Group Ltd is registered with the Securities and Exchange Commission under the Securities... Read more of this article
Podcast: Governor On Airport, Commission, More
In this latest Bernews podcast, we interview George Fergusson who will soon be stepping down as Governor. He touches on a wide range of issues such as turning down a request to hold a Commission of Inquiry into the Tucker’s Point land matter, the airport redevelopment, the effect on Bermuda of Brexit, the British Government’s stance on slave trade... Read more of this article
Somerset Cricket Club Win Colts Cup Match
In what some fans of the red and blue may take as a good omen, Somerset defeated St George’s in the Colt Cup Match on Sunday. The match took place at the Somerset Cricket Club, with the playing time reduced due to the rain. Somerset Cricket Club won the toss and elected to send St. George’s Cricket Club to bat, St. George’s Cricket... Read more of this article
Premier To Deliver Cup Match Message Tonight
The Cabinet Office advised that Premier Michael Dunkley will deliver a Cup Match message this evening [July 25] at 6.50 p.m. It will be televised on Bermuda Broadcasting channels 7 and 9 and Government’s CITV channel, and Bernews will also post a version online. “In his message, Premier Dunkley will discuss the uniqueness of the Island’s... Read more of this article
BHB: Visiting Lamb Foggo & KEMH Emergency
In advance of the upcoming holiday, the Bermuda Hospitals Board has reminded everyone of the opening hours of the Lamb Foggo Urgent Care Centre in St David’s and the approximate wait times at the KEMH Emergency Department. The BHB said, “Bermuda Hospitals Board [BHB] wishes the public a happy and safe holiday weekend. However, if medical care... Read more of this article
Robin Horsfield Finishes 7th In Canada Cup
Bermuda’s reigning Junior Mountain Bike Champion Robin Horsfield continued his 2016 overseas campaign with a 7th place finish at the Canada Cup Event held in St. Felicien, QC. This marks Horsfield’s strongest overseas result at this high level of competition which requires riders to pre-qualify for the chance to ride with Canada’s strongest cyclists.... Read more of this article
Four Videos: Cup Match Summer Splash Concert
[Written by Chris Famous] Every so often a group of people come together as a team and are able to create endless miracles. Feats that no one individual would be able to pull off by themselves are easily attainable when working with other like-minded individuals. For the last few years several event promoters have banded together to create what has... Read more of this article
Column: ‘Economic Diversification Via FinTech’
[Opinion column written by Senator Renee Ming] In the 2015 Throne Speech Reply, delivered by Opposition Leader Marc Bean, key references were made to ways in which a PLP government would further economic development in Bermuda. These references were also included in the 2016 Budget Reply by Shadow Finance Minister, Mr. E. David Burt, which laid the... Read more of this article
AIMA Network Announce Executive Committee
The Bermuda network of the Alternative Investment Management Association [AIMA] announced its newly formed Executive Committee. Appointed Chair, and KPMG Managing Director, Craig Bridgewater said,“We are delighted to confirm that following a soft launch in March, the local AIMA network has established an Executive Committee to oversee the aims and... Read more of this article
Statistics Bulletin: Imports, Employment, Visitors
According to the 2016 Q1 Quarterly Bulletin of Statistics, imports increased 2.8%, employment income increased 1.0%, and the Island hosted 32,233 air visitors during the first quarter of 2016, an increase of 11.3% year-over-year. Imports The report said, “Imports increased 2.8% or $6.0 million to $222.1 million. The value of imports increased for... Read more of this article
BFIS Denim Day Raises $9,500 For Scholarship
The fundraising efforts of the BFIS Alumni Association over the past year have raised enough money to fund a scholarship worth $10,000, which was awarded to Zoe Wright at the BFIS Awards Reception on July 18th. The BFIS said, “Of particular note was the huge success of the Denim Day they organized in May which alone raised almost $9,500! The companies... Read more of this article
Weekend Reports, Photos, Videos, Links & More
This past weekend saw both Somerset Cricket Club and St. George’s Cricket Club announce their Cup Match teams, the Cup Match Summer Splash concert, Land Rover BAR win the Louis Vuitton America’s Cup World Series Portsmouth event and more. Links to our weekend coverage are below, click to view more. News/Misc: No Smoking On BHB Grounds Effective... Read more of this article
