Author Archive: Bernews1

MJM Limited Hires Two Bermudian Lawyers

MJM Limited has appointed Brian K. Holdipp as a Senior Associate in its corporate practice group and Jennifer A. Haworth as an Associate in its litigation practice group. Mr. Holdipp is a corporate lawyer of over 12 years standing at the Bermuda Bar. Most of his post-qualification experience was gained with Conyers Dill & Pearman, including two... Read more of this article

Netball: Public Works, Family, Breakers Win

The Bermuda Netball Association’s Summer League Netball season continued last night [June 27] at Bernards Park, as Public Works won by default over the Space Hopper. Family defeated BMA 23 – 15, Kristin Holman scored 11 goals for BMA who also got 4 goals from Cherie Manders. Kirstin Saltus scored 15 goals, Debra Saltus scored 10 and Darrika Woodley-Simons... Read more of this article

Nikki Butterﬁeld Places 3rd At Ironman Syracuse

Pro triathlete Nikki Butterﬁeld put her ﬁtness to the test at Sunday’s Ironman 70.3 Syracuse, posting a 3rd place podium ﬁnish as part of her programmed build to the Ironman European Championship in Frankfurt, Germany on July 8th. The Australian born athlete is the wife of Bermuda’s Tyler Butterfield, who is set to represent the island at... Read more of this article

Bermuda Swimmers Finish With 34 Medals

Bermuda’s ten-strong swimming team has finished competing at the 2012 Caribbean Island Swimming Championships [CISC] in Aruba, racking up 34 medals and numerous Bermuda and CISC records. National Swim Coach Ben Smith commented, “On the final day of the meet the team aimed to finish with a bang and did not disappoint. Three swimmers were in the finals... Read more of this article

White Paper: ‘UK Determined To Tackle Corruption’

[Updated] The new white paper on the Overseas Territories states that “the UK is determined to tackle corruption in all its forms,” a report from Cayman News Service said. “The Government has responsibilities towards the people of the Territories and of the UK to ensure the good governance of the territories,” the report states. “The Government... Read more of this article

Funding For Accounting Certifications Available

Funding for Accounting Certifications is now available, Minister of Economy, Trade and Industry Patrice Minors said on Wednesday [June 27]. “Work permit data indicates that there are in excess of 400 active work permits for professionally qualified Accountants in Bermuda, thus suggesting that there is a shortage of qualified Bermudians to assume... Read more of this article

PLP: ‘We’ve Made $1.38B Capital Investment’

“Contrary to the claims by the OBA, we’ve made $1.38 Billion of Capital Investment in Bermuda and Bermudians,” the PLP said in a statement issued last night. On Tuesday [June 26] Fitch Ratings downgraded Bermuda to ‘AA’ from ‘AA+’ citing “deteriorating fiscal and government debt ratios and lack of a credible... Read more of this article

25-Yr-Old Man Arrested For DUI After Accident

[Updated] Evening commuters faced traffic delays heading out of Hamilton this evening [June 27], as police diverted traffic while investigating an accident. The accident involved a single motorbike, with the 25-year-old rider taken to hospital, with the extent of his injuries unknown at this time. We will update with additional information as able. Update... Read more of this article

ABIC Education Awards Celebrates 35 Years

The Association of Bermuda International Companies [ABIC] is marking the 35th anniversary of their scholarship program, which has seen ABIC companies donate in excess of $10 million to assist over 500 students with their education. Business people including XL Insurance (Bermuda) President Patrick Tannock, BELCO President Andrew Parsons, and OBA candidate... Read more of this article

OBA: ‘Damning Judgment On The Government’

Fitch’s downgrade of Bermuda is a “damning judgment on the Government’s financial stewardship,” Shadow Finance Minister Bob Richards this afternoon. Yesterday [June 26] Fitch Ratings downgraded Bermuda to ‘AA’ from ‘AA+’ citing “deteriorating fiscal and government debt ratios and lack of a credible fiscal... Read more of this article

Fitch Rates Bermuda’s 2023 Global Bonds ‘AA

Fitch Ratings has assigned a long-term foreign currency rating of ‘AA’ to the Bermuda Government’s $475 million Global bond maturing in 2023. Yesterday [June 26] Fitch Ratings downgraded Bermuda to ‘AA’ from ‘AA+’. Later that morning the Bermuda Government raised $475 million in 10-year bonds at 4.13% interest.... Read more of this article

Tropical Depression ‘Potential Threat’ To Bermuda

Tropical Storm Debbie — the fourth named storm of the 2012 Atlantic season — has been downgraded to a depression, which the Bermuda Weather Service said is a “potential threat to Bermuda.” The BWS said the closest point of approach to Bermuda within 72 hrs is forecast to be 159 nautical miles to the northwest at 11pm on Friday June 29. Accuweather... Read more of this article