Archive for September, 2017
Clarien’s Hurricane Donation Drive Continues
Hurricanes Irma and Maria left destructive paths of devastation throughout the Caribbean, and as the region recovers from both storms, the Clarien Bank hurricane donation drive continues to accept donations in support of Red Cross relief and recovery efforts. Clarien Bank Chief Marketing Officer Michael DeCouto commented: “As thousands in the region... Read more of this article
‘Tribute To Fadda Dub’ Event Donates $1,000
Following the ‘Tribute to Fadda Dub’ event at the Devonshire Recreation Club parking lot on Sunday, September 3, the groups behind the event – One Love Promotions in conjunction with Magnum Force Entertainment – have made a donation of $1,000 to Fadda Dub’s son, Jahkim. A spokesperson said, “The show featured some... Read more of this article
BEST Celebrating Their 10th Anniversary
The Bermuda Environmental Sustainability Taskforce [BEST] is celebrating its 10th anniversary, marking a decade of “its vital work as campaigner for the environment for the protection of Bermuda’s limited and diminishing conservation zones.” A spokesperson said, “In 2006, a small group of people banded together to save Bermuda’s Botanical... Read more of this article
Bermuda Center For Sleep Disorders Opens
The Bermuda Center for Sleep Disorders, a “diagnostic sleep facility designed to help diagnose and treat people who have sleep disorders,” has opened in Paget, becoming the island’s first overnight sleep testing facility. The Centre said, “As the first on island overnight sleep testing facility, Bermuda Center for Sleep Disorders... Read more of this article
Video: Sept 27th Bernews Morning Newsflash
Tropical Storm Maria and Hurricane Lee are both ‘potential threats to Bermuda’, Bermuda Center for Sleep Disorders opens in Paget, BELCO crew flying out today to BVI to help restore electricity, A.S. Cooper presents $10,000 cheque to Bermuda Red Cross for hurricane relief, Bermuda Union of Teachers inviting the public to participate in a National... Read more of this article
“Insurance Of The Future” Conference
Local and international industry experts will be on hand to offer market insights and practical information at the upcoming Bermuda Insurance Market Conference, hosted by the Bermuda Insurance Institute [BII]. The 2017 Conference, entitled ‘Insurance of the Future’, will take place on Friday, October 13 at XL Catlin at O’Hara House, with speakers... Read more of this article
AXIS Capital To Acquire Shares Of Novae Group
Following consultation with the European Commission, and in accordance with applicable regulations, Bermuda-based AXIS Capital Holdings will complete its acquisition of Novae Group plc in two phases, beginning with the acquisition of Novae shares, expected to occur on October 2, 2017. This is to be followed by management control and integration of... Read more of this article
Fitch Ratings: Reinsurer Downgrade Risks Grow
Following the devastation caused by Hurricane Maria, 2017 catastrophe losses for the global insurance and reinsurance sectors will exceed $100 billion and could reach close to $190 billion on a pretax basis, Fitch Ratings says. According to Fitch, losses on this scale, which at the upper end would be the highest on record in a single year, could “weaken... Read more of this article
Bacardi 2017 Corporate Responsibility Report
Bermuda-headquartered Bacardi said they are actively engaged in “responsible drinking initiatives, reaching more than one million underage individuals with underage drinking prevention education programs, and cut its greenhouse gas [GHG] emissions intensity in half.” These are just two of the accomplishments detailed in the company’s... Read more of this article
Freisenbruch-Meyer Continental League Results
In Freisenbruch-Meyer Continental Bowling League action at the Warwick Lanes saw Quickie Lickie Laundry defeat New Hope 21 – 9, the Odd Balls defeated The Invaders 23 – 7, while the Nifty Rollers defeated the Under Dawgs 25 – 5. The Cubs defeated the Spicenix 18 – 12 and the game between the Pinjammers and Bermuda Pest Control... Read more of this article
Bermuda Stock Exchange Report: Sept 26 2017
September 26 saw 4,400 shares trade on the Bermuda Stock Exchange, valued at $39,535.00 BD. 4,300 shares were traded by Ascendant Group Limited, closing down 2.8% at $8.75 per share, while another 100 shares were traded by BF&M Ltd, closing down 7.3% at $19.10 per share. The BSX finished at 2,107.28, down 0.66% on the day. There were 0 advances,... Read more of this article
Photos & Video: Karting Club Season Continues
The Bermuda Karting Club’s 2017/18 Season continued this past weekend with racing at the RUBiS Southside Raceway in St. David’s. Participants of all ages took to the track, racing in different classes through the afternoon, including Cadet Class, Tag Senior, L0206 Seniors, L0206 Masters, Tag Junior and Stock Honda Shifters. For all of our coverage... Read more of this article
