Author Archive: Bernews1
KRyS Global Launches Ferret Services
KRyS Global, a firm dedicated to corporate recovery, insolvency, forensic accounting and business advisory services, has expanding the business services it offers to clients. Responding to an increased demand for technology based solutions in the areas of fraud investigation and asset recovery, KRyS Global has launched Ferret services. “We are excited... Read more of this article
Business Bermuda: LatAm Conference
Business Bermuda last week carried the Bermuda message to Latin America by attending and exhibiting at the STEP LatAm Conference 2012 held in Panama City, Panama on September 26-28, 2012. Over 300 attendees from across Latin American, the Caribbean, even Europe and Asia, and the United States, gathered to discuss current trends, challenges, and opportunities... Read more of this article
Sailing: Amlin Series Day #3 Report
As the Professional sailors for the 2012 Argo Gold Cup arrived at RBYC from various corners of the World this Sunday, they were met with the sight of 35 enthusiastic Optimist sailors competing in the Amlin Autumn Series. The RBYC Optimist dock was buzzing with excitement as the sailors left for their afternoon racing. This time they were joined by 6... Read more of this article
Agathe Holowatinc Joins MJM Limited
Agathe Holowatinc has joined MJM Limited in the position of Information Services Manager. Ms Holowatinc will manage the MJM Limited library and information centre, provide legal research and reference services and deliver training in the use of print and online resources to the firm’s attorneys and pupils. She will also coordinate the company’s... Read more of this article
BEF Hunter & Equitation Results
The Bermuda Equestrian Federation’s Back to School Hunter and Equitation Show took place this past weekend at the National Equestrian Center on Vesey Street. Color Me Happy and Samantha Stempel won the Hunter Pony Over Feces 2’6″ Class, while Erin Smith and Project Runway won the Equitation Over Fences 2’6″, Open Class. Laredo... Read more of this article
A.M. Best Downgrades PMG Assurance Ltd
A.M. Best Co. has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and issuer credit rating to “a-” from “a” of PMG Assurance Ltd. (PMG) (Bermuda). The outlook for both ratings is negative. A statement from the ratings agency said: “The rating downgrades for PMG reflect the overall change in its parent company,... Read more of this article
Driver Injured In Harbour Road Collision
Shortly before 6.00pm today [Oct 1] emergency service personnel responded to a two vehicle collision on Harbour Road near the junction with Valley Road. It appears the two vehicles were travelling on Harbour Road when the collision occurred with both vehicles ending up in the east bound lane. Traffic was restricted to one lane flow as emergency services... Read more of this article
Premier Cox Visits St George’s Businesses
Recently, the Premier Paula Cox visited the Town of St. George’s to show her support for small business entrepreneurs. Yesterday Premier Cox said she was pleased with the latest developments of millions of dollars of investment being pumped into the economy and referenced Link Bermuda and the Green family’s purchase of Fairmont Hamilton Princess... Read more of this article
Jackson Questions Dr Thomas’ Resignation
The Minister of Health and the Bermuda Hospitals Board must provide Bermuda with answers to the many questions surrounding the tenure and resignation of the hospital’s high-priced Chief of Staff Dr. Donald Thomas, Opposition Seniors spokesman Louise Jackson said this afternoon. Mrs Jackson said: “The BHB’s two-paragraph press statement announcing... Read more of this article
Ascendant To Seek Relief From 60/40 Rule
In a filing to the Bermuda Stock Exchange, the Ascendant Group Limited gave notice of the Company’s intent, effective 22 October, 2012, to seek relief from the 60/40 rule. The Companies Act was recently amended to allow for companies fitting certain criteria to apply for Government’s permission to have over 40% of their shares foreign owned. Ascendant... Read more of this article
Court: Three Men Plead Not Guilty To Attack
The three men alleged to be involved in the 6th April 2012 group attack on another man near the Southampton Rangers Sports Club all pleaded not guilty to the charges laid against them in this morning’s [Oct 1] Supreme Court Monthly Arraignment session. Sergio Robinson-Woolridge, D’Angelo Clarke, and Gavaska Bascome all pleaded not guilty to wounding... Read more of this article
Commercial Bank Restructuring Complete
Bermuda National Limited announced today [Oct 1] that the restructuring of Bermuda Commercial Bank Limited [BCB] has been completed. BCB’s Shares were cancelled for trading on the Bermuda Stock Exchange and the BNL Shares were admitted to and commenced dealings on the BSX. The BNL Shares trade on the BSX under the ticker code BNL.BH. Defined terms... Read more of this article
