Author Archive: Bernews1

Bermuda Remains Global Captive Leader

Newly-published research from “Business Insurance” magazine shows that Bermuda has extended its position as the largest captive insurance domicile in the world. Based on information to the end of 2011, Bermuda is the largest captive insurance domicile globally, followed by the Cayman Islands, Vermont, Guernsey and then Barbados. Guernsey... Read more of this article

Maiden Holdings $100M Public Offering

Bermuda-based Maiden Holdings, Ltd. yesterday [Mar.20] announced that its wholly-owned US holding company, Maiden Holdings North America, Ltd., has priced the offering of $100 million aggregate principal amount of 8% Senior Notes due March 27, 2042, which are fully and unconditionally guaranteed by Maiden. The Notes are redeemable for cash, in whole... Read more of this article

Frederico On Moody’s Downgrade Threat

Bermuda’s Assured Guaranty Ltd. today [Mar. 21] responded to the announcement by Moody’s Investors Service that it has placed the debt ratings of Assured Guaranty and its subsidiaries and the insurance financial strength ratings of Assured Guaranty’s insurance subsidiaries under review for possible downgrade. In its announcement, Moody’s... Read more of this article

Cycling: Shelly Bay Time Trial Results

The Bermuda Bicycle Association’s Road Race Season began on Sunday [Mar.18] with the Shelly Bay Time Trial that attracted 93 participants to the first event of the season. The Shelly Bay race saw the riders complete a 10 Mile Individual Time Trial, the numbers of registered riders suggests that the growth in the sport of cycling locally has continued... Read more of this article

Cash To Speak At Morgan Conference

Endurance Specialty Holdings Ltd., the Bermuda-based provider of property and casualty insurance and reinsurance, today [Mar. 21] announced that David Cash, Chief Executive Officer, is scheduled to speak at the J.P. Morgan 2012 Insurance Conference in New York. The presentation will take place on Thursday, March 29, 2012 at 3:30pm Eastern Time. The... Read more of this article

Molly Pilgrim Wins Youth Race In UK

Molly Pilgrim competed in the 1st Chard Wheelers Spring Circuit Race at Ilton in Somerset, England. Pilgrim, who attends Millfield School in the UK, won the Female Youth A Category race. The race was raced in torrential rain, and used as a selection race for the Boys and Girls Cycling Teams for the South West England Region for the UK Schools Games,... Read more of this article

Results: Premier & First Division Football

League Football action continued this past weekend with games being played at venues around the island. One game of note was Dandy Town Hornets vs Devonshire Cougars, where Minister of Sports Glenn Blakeney was on hand to present the Dandy Town Hornets their Digicel Premier Division Trophy after the match. First Division: Paget Lions 0 Wolves 2 At the... Read more of this article

Turks & Caicos Politicians Appear In Court

Two politicians were granted $175,000 bail when they appeared in a Turks and Caicos Court on corruption charges last month, reports the island’s local media. The leader of the Progressive National Party [PNP] and former Speaker of House Clayton Greene and former government minister McAllister Hanchell, were each granted $175,000 bail when they... Read more of this article

Day #3: National Squash Championships

Day Three of the Digicel National Squash Championships 2012 continues yesterday [Mar.20] at the Bermuda Squash Racquets Association Club. In Men’ Open Round Two action, Nick Kyme defeated Bill Dickinson 11-9, 11-8, 11-7, while Robert Maycock defeated Alistair McNeish 11-3, 11-2, 11-0. Andrew Mount defeated Dan Sullivan in straight sets 11-7, 11-2,... Read more of this article

Videos: Forum On Bermuda’s Food Prices

[Updated] The subject of Bermuda’s food prices was discussed last night [Mar.20], as the Price Control Commission hosted a public meeting discussing the theme “Bermuda has high food prices – Fact Or Fiction.” Panellists included Lindo’s owner Giorgio Zanol, Ed Sousa from Butterfield and Vallis, Claudette Fleming from Age Concern,... Read more of this article

Police: Donald Tucker Died Of Natural Causes

The police released an update on their inquiries into the death of 41-year-old Donald Tucker, and said the initial autopsy results suggest that Mr. Tucker died of natural causes. A statement issued by the Police said, “The Bermuda Police Service can confirm that the initial autopsy results regarding the sudden death of 41 year old Donald Tucker,... Read more of this article

Age Concern To Host Community Discussion

Age Concern Bermuda will host the second of three community discussions focusing on the issues facing seniors. Age Concern Executive Director, Mrs. Claudette Fleming who stated, “We held our first meeting in February at Sandys Secondary Middle School. We are looking forward to an equal, if not greater, number of attendees for the second seniors’... Read more of this article