Author Archive: Bernews1

BMA Issues Quarterly Banking Digest

The Bermuda Monetary Authority published its latest quarterly banking digest for the island last week [Mar. 14] and the new statistics show the aggregate risk asset ratio of Bermuda banks remained flat at 23.2% during the quarter as lower risk-weighted assets — down by 3.8% — offset an increase in leverage. The digest also reported that... Read more of this article

Dr Allington & Ministry On Upfront Payments

Dr. Chris Allington said if the Government’s health insurance legislation passes in its current form it will “impose unrealistic compliance deadlines on all parties,” while the Ministry of Health defended the proposals about upfront medical payments saying the Ministry is “concerned that patients’ access to care is being unduly... Read more of this article

RPI2.0 Hosting Hurricane Workshop

At the intersection of oceanographic science and the re/insurance industry stands the Risk Prediction Initiative [RPI], founded in 1995 by a group of local Bermudian insurers and reinsurers and the Bermuda Institute of Ocean Sciences [BIOS]. Over the past 16 years, RPI has formed an extensive network of world-renowned climate scientists-including Program... Read more of this article

Estwanik Runner-Up In First Marathon

Bermuda runner Chris Estwanik [pictured] was runner-up in his first marathon yesterday [Mar.18] in Virginia. American Mr. Estwanik competed in the 40th running of the Yuengling Shamrock full marathon at the Virginia Beach Oceanfront. “This is my first-ever marathon,” Mr. Estwanik — who finished in 2:24:32 and behind winner Jynocel... Read more of this article

Oscar Nominee On Foreign Triple Bill

The 15th Bermuda International Film Festival [BIFF] has a triple bill of major foreign film releases –including an Oscar-nominated Israeli drama — screening on Tuesday [Mar. 20] which are sure to educate, stimulate as well entertain local audiences. One of the most well-received Korean films of 2011, director Hong Sangsoo’s latest work... Read more of this article

Cricket: Bermuda Beat Papua New Guinea

[Updated with photos] The Bermuda National Cricket team won their first game in the ICC World Twenty20 Qualifiers taking place in the United Arab Emirates, beating Papua New Guinea by 5 wickets today [Mar.19]. Papua New Guinea won the toss and elected to bat. They were restricted to 155/6 in their allotted 20 overs with Vani Morea their top scorer... Read more of this article

Onion Patch Series ‘Difficult To Win’

[Written by Talbot Wilson] Almost 50 years ago, a trio of Bermuda sailors were in Cowes, England sailing in the Fastnet Race, the finale of the Royal Ocean Racing Club’s Admiral’s Cup Series. They liked the event and wanted to bring it home. The Admiral’s Cup was a hard fought series of races that included racing in the powerful tidal currents... Read more of this article

Peter Haynes Joins Tyser As Director

Lloyd’s of London broker Tysers has today [Mar. 19] announced the appointment of finance expert Peter Haynes — former chief executive and chief financial officer of the Kiln Group’s Bermuda operation — as a non-executive director. Mr. Haynes, who currently works for Libero Ventures was part of the executive team that took Kiln... Read more of this article

Building Blocks To Hold Benefit Concert

Building Blocks Academy will be hosting “An Evening of Inspiration and Enlightenment: Benefit Concert” on Saturday [Mar.24] featuring local acts Sia Spence, Serenity, Lloyd Holder, Stephen Easton, McCartney Darrell, Genemon, Andwelle Simons, Big Snipes, Zach Wilson, John Woolridge and more at Heritage Worship Centre. Tickets are $35 and... Read more of this article

Photo Set #3: 2012 St Baldrick’s Event

Crowds of supporters, family and friends turned out over the weekend, to watch 48 people who volunteered to have their head shaved in exchange for donations in support of funding research to help find cures for childhood cancers, as well as to donate to the Locks of Love organisation. The crowd cheered on the volunteers, which ranged from children... Read more of this article

These Bermudians Have ‘The Write Stuff’

A growing number of Bermudians have what might be called “the write stuff” and are no longer allowing the island’s inherent conservatism to mute their voices. In a major essay in Canada’s online “Numero Cinq” magazine, Saskatchawan-based Bermudian writer Kim Aubrey discusses the flowering of the island’s... Read more of this article

Bermuda Firms Benefit From US Program

Twenty insurance companies in Bermuda, Japan, Switzerland, Australia, Canada and the US were paid $7.1 billion in US taxpayer funds from 2007 to 2011 to sell American farmers crop insurance policies, an Environmental Working Group [EWG] analysis shows. The EWG is an American environmental organization which specialises in research and advocacy in the... Read more of this article