Archive for January, 2020
Golf: Four-Ball Championships This Weekend
The 36-hole Bermuda Four-Ball Championships will be held at Port Royal Golf Course this coming weekend. A spokesperson said, “The 36-hole Bermuda Four-Ball Championships are due to take place at Port Royal Golf Course over the weekend with tee times starting at 8.00am tomorrow morning. “This is a two-team, partner best ball event [despite... Read more of this article
Dr Brathwaite Appointed Health Council CEO
The Bermuda Health Council today formally announced the appointment of Dr Ricky Brathwaite as Chief Executive Officer as of 14th January 2020. “He joined the Health Council in 2014 as Programme Manager, Health Economics and later became Director, Health Economics,” a spokesperson said. “In addition to his new role as Director, Health... Read more of this article
Estera Wins ‘Trust Company Of The Year’
Estera won the ‘Trust Company of the Year – Bahamas, Bermuda and the Cayman Islands’ in Citywealth’s International Finance Centre awards. The awards, announced in London on Wednesday 29 January 2020, recognise outstanding achievements in Estera’s Bermuda and Cayman Islands offices and highlight the expertise of the firm’s private client... Read more of this article
Everest Expects Q4 Catastrophe Loss Of $215M
Everest Re Group said it expects to report Catastrophe losses in the fourth quarter of 2019 of $215 million, which consist of Typhoon Hagibis in the amount of $190 million and tornado losses in Dallas, Texas in the amount of $25 million. The company said, “Catastrophe losses are net of estimated reinsurance recoveries and reinstatement premiums. Also... Read more of this article
IGI Receives Approval For Tiberius Deal
International General Insurance Holdings Ltd. [IGI] announced that it has received regulatory approval from the Bermuda Monetary Authority in connection with its previously announced business combination with Tiberius Acquisition Corp. [Tiberius], a publicly traded special purpose acquisition company. A spokesperson said, “This approval, received... Read more of this article
Somersby Men’s Classic Bowling League Results
Somersby Men’s Classic League action at the Warwick lanes saw the match between Team Amstel and Team Metro end in a draw 15 – 15, the New Mix Ups lose 23 – 7 to the Goslings Black Seal, while Just Business defeated the Team Mates 25 – 5, Team Unsponsored lost 20 – 10 to Phones Plus and Team Reliv lost 27 – 3 to Team Electric. High Games 267... Read more of this article
Jet Suit Race To Be Held In Bermuda In March
The inaugural Jet Suit Race will take place in Bermuda on Saturday March 21st, with Gravity Industries saying they are “ready to run the first of a truly spectacular global series.” A spokesperson said, “Gravity Industries today announces the first location of its Race Series will be Bermuda. On Saturday, March 21st, Gravity will deliver... Read more of this article
Photos: Elliot Primary School Career Fair
[Written by Don Burgess] Budding veterinarians, firefighters, and chefs had the opportunity to meet their grownup counterparts at Elliot Primary School’s Third Annual Career Fair. Committee chair Clifftina Bowen told Bernews that “the purpose of this initiative is to allow our students in Primary 1 through to Primary 6 the opportunity to... Read more of this article
Video: January 31st Bernews Morning Newsflash
Three men arrested in connection with armed robbery, Parliament will be in session today, Bristol City ‘thrilled’ to sign Nahki Wells, Bermudian teen in Polo Ralph Lauren campaign, Senator Kempe on pre-budget report, GFOX beach clean-up in Angola ,post box renewal extended, work underway on stadium track, U.S. Consulate to hold voter registration today,... Read more of this article
Watford Holdings To Strengthen Loss Reserves
Watford Holdings Ltd. announced that it expects to report a 2019 fourth quarter net loss “primarily due to a strengthening of net loss reserves of approximately $28 million across the current and prior accident years.” The company said, “The loss reserve strengthening is in response to higher than projected reported losses in the quarter,... Read more of this article
Bermuda Stock Exchange Report: Jan 30 2020
January 30 saw 24,182 shares trade on the Bermuda Stock Exchange, valued at $558,371.11 BD. 5,034 shares were traded by Bank of N.T. Butterfield Ltd, closing down 1.5% at $33.30 per share, while another 17,948 shares were traded by BF&M Ltd, closing up 1.3% at $20.50 per share. 500 shares were traded by Bermuda Press [Holdings] Ltd, closing at... Read more of this article
WHO Declares Coronavirus A ‘Health Emergency’
The World Health Organization [WHO] has declared the new coronavirus outbreak to be a “Public Health Emergency of International Concern.” A meeting of the Emergency Committee convened by the WHO Director-General regarding coronavirus took place today [Jan 30], and following that WHO released a statement. A statement from the organisation... Read more of this article
