Author Archive: Bernews1
Best Affirms Ratings For XL Life
A.M. Best Co. today [Mar.6] affirmed the financial strength rating of A- [Excellent] and issuer credit rating of “a-” of Bermuda-based XL Life Ltd. The outlook for both ratings is stable. The agency said ratings of XL Life reflect its sufficient risk-based capital position, which has historically been supported by parental capital infusions.... Read more of this article
Teen Joins In Nahge’s Cancer Fight
Ellis Cooper wants to stand in solidarity with Bermudian children like Nahge O’Brien who are fighting cancer and typically lose their hair during treatment. So the 13-year-old is getting his head shaved to support kid’s cancer research at the upcoming St. Baldrick’s fundraiser at BAA gym. CedarBridge Academy student Nahge is combating... Read more of this article
Best Of The BEST Swimming Meet
The first of the Best of the BEST Shipping Series took place on Saturday, March 3rd at the Saltus Pool. Sharks Coach Rob DeSilva is very proud of the performances from his group of Sharks. Out of 41 events, 35 PB’s were achieved. Madelyn ‘Blue’ Moore had an outstanding meet. She blazed her way to a AAA time in the 50 free as well as picking up... Read more of this article
BIFF Puts Spotlight On Modern Masters
The upcoming 15th Bermuda International Film Festival [BIFF] has added a new showcase to its 2012 line-up spotlighting exciting new works from some of the world’s most respected contemporary directors. BIFF’s inaugural Modern Masters section will feature five widely acclaimed 2011 releases from a diverse selection of countries and genres. The... Read more of this article
Armed Robberies: Tourist & Taxi Driver
Police are investigating two armed robberies last night [Mar.5], one occurring in the Lolly’s Lane, Smith’s parish area while the other happened at a Southampton guest property. At around 7.30pm last night a taxi driver dropped off a fare in the Lolly’s Lane area when he was accosted by two men, one brandishing a firearm. They stole a quantity... Read more of this article
Financial Centres ‘Will Tremble Before IRS’
An Irish economics lecturer says his country, Bermuda, the Netherlands and other “tax havens” which allow multinationals corporations to shift profits through their financial systems will almost certainly be targeted if US President Barack Obama wins re-election in November. Writing in the “Irish Independent” today [Mar.6],... Read more of this article
$500 Fine For Damaging Gas Station
In Magistrates Court this morning [Mar.6] 54-year-old George Mouchette, saying that “they don’t make glass like they used to,” admitted kicking in the glass door at the Somerset Esso Station on the night of 24th January 2012 and causing damage valued at $486. The facts read out by the Plea Court prosecutor were that Mr Mouchette had turned up... Read more of this article
Frontline Announces Bond Purchase
Bermuda’s Frontline Ltd. today [Mar.6] announced that the company’s subsidiary Bandama Investment Ltd. has through market purchases executed March 5, 2012 bought USD 10,000,000 notional in the 4.50 % Frontline Ltd. Convertible Bond Issue 2010/2015 – ISIN NO 001057149.0 at a purchase price of 54%. After the purchase, Frontline holds... Read more of this article
Bermuda Certifies ExecuJet Operation
ExecuJet Australasia’s Australian operation, based at Sydney Airport, has recently been approved by the Bermuda Department of Civil Aviation [DCA] as a Continuing Airworthiness Management Organisation [CAMO]. ExecuJet Australia is already a Bermuda DCA Approved Maintenance Organisation and having the CAMO adds to the range of services offering... Read more of this article
Photos: BHS Prepares For “Peter Pan”
The Bermuda High School is this week staging the high-flying musical adventure “Peter Pan”, featuring special effects developed by the company which allowed Broadway star Mary Martin soar over New York audiences during the original 1950s production. Directed by the school’s drama teacher Jane Thorpe, the musical version of J.M. Barrie’s... Read more of this article
Three Accidents Over The Weekend
A woman was injured after crashing her car into a utility pole in Southampton, while a man walked away uninjured after an accident involving his car overturning on North Shore Road near the junction with Store Hill. A police spokesperson said, “Around 5:25am on Sunday March 4th, police responded to a single vehicle collision on Middle Road in... Read more of this article
Upcoming: National Squash Champs
The 2012 Digicel Bermuda National Men’s Squash Championships will be an official PSA World Squash Tour ranking event drawing back touring pro Micah Franklin from Canada and Robert Maycock from US Ivy league College Squash. The two top young stars, both former Bermuda & Caribbean Junior Champions will come into the draw looking to upset six time... Read more of this article
