Author Archive: Bernews1

ABIR On Global Warming

[Updated w/correction] The Association of Bermuda Insurers & Reinsurers [ABIR] and a subsidiary of the Hamilton-based Renaissance Re were among the insurers recently disclosed as supporting an American think tank which has as one of its programs an effort discredit the theory of man-made global warming. ABIR noted its support is for a separate... Read more of this article

Upcoming: International Fashion Expo

Spectrum Productions will present, “Some Like It Hot, An International Fashion Excursion” at the Poinciana Ball Room of the Fairmont Southampton Resort on April 6. The show will feature four international designers: Francis Montesinos from Spain; Thomas Lavone, from New York; Sidnie Pee from Manchester, England and Theo Seally from the Bahamas. There... Read more of this article

Shine’s Honours Whitney Houston

Bermudian jazz legend Shine Hayward will be turning the microphone over to local fans who want to honour superstar Whitney Houston at his Hamilton club tomorrow [Feb. 16]. The club’s regular Karaoke session will be a tribute to the singer who died in Los Angeles on February 11 at the age of 48. The New Jersey-born recording artist and actress... Read more of this article

CedarBridge Wins Butterfield Challenge

On Saturday, 11 February, CedarBridge Academy was named the overall winner of the third annual Butterfield Student Challenge competition held at the Fairmont Hamilton Princess. CedarBridge was also the recipient of the coveted People’s Choice Award. Teams of four students from six participating high schools—The Berkeley Institute, Bermuda High... Read more of this article

Videos: Weekend Film Series Screenings

A critically acclaimed documentary that tells the inspirational story of African street musicians who become world music stars and a frothy and funny French romantic comedy, are the featured films at the Weekend Film Series this coming Sunday [Feb. 19]. “Benda Bilili!” [pictured] — the story of five paraplegics and a young able-bodied... Read more of this article

CIBC Role At Butterfield Queried

A Bermuda-based investment group has raised concerns about the corporate role played by the Canadian Imperial Bank of Commerce [CIBC] role in the ongoing restructuring of Bermuda’s Bank of N.T. Butterfield & Son. Ltd. Dark Knight Strategies, which leads a group that has a major shareholding in the bank, made its concerns public in Canada’s... Read more of this article

Retail Sales Drop In December

Bermuda’s retail sales slumped by almost four percent on an inflation-adjusted basis in December, with new car sales registering a 35 percent drop. Local retail sales totalled $105.7 million during December, 2011. This represented a decrease of 0.8 per cent or $0.9 million less than in December, 2010. Sales activity increased in five of the seven... Read more of this article

‘Challenging Year’ For Argo Group

Bermuda-based Argo Group International Holdings, Ltd. yesterday [Feb.14] reported net income of $1.4 million and a net loss of $82.4 million for the quarter and year ended Dec. 31, 2011, respectively, compared to net income of $12.8 million and $82.6 million for the same periods in 2010. “2011 was a challenging year for Argo Group and the industry... Read more of this article

Disasters Hit Arch Bottom Line

Bermuda’s Arch Capital Group Ltd.’s fourth-quarter earnings dropped 39% though the insurance and reinsurance company reported improvement in its core profit, which excludes investment gains and losses. Like other global insurers, Arch Capital was hit with exceptionally high catastrophe losses last year. In the latest period, Arch yesterday... Read more of this article

BSX Remembers Junius ‘Jay’ Peake

The Bermuda Stock Exchange [BSX] issued a statement after they learned of the death of Mr. Junius W. Peake, at age 80, in Greeley, Colorado, U.S.A. “Peake, who died on 27 January, 2012, is remembered by the BSX for his vision and for being one of the finance industry’s earliest and most persistent proponents of electronic trading. Peake was... Read more of this article

Tribute To Police Constable Sandy Rowe

The Bermuda Police Service said they “would like to highlight the career of Police Constable Sandy Rowe following her untimely passing on Sunday, February 12th whilst undergoing treatment in a hospital overseas. The cause of her death is still being determined. “Constable Rowe was a vibrant young officer in her 41st year and had 10 years... Read more of this article

Bermudian’s Film Set To Shoot In LA

Bermudian filmmaker Bayard Outerbridge is just weeks away from commencing principal photography on his thesis film at the prestigious American Film Institute. And like even the most experienced veterans of the film industry, the aspiring producer is concerned with stretching the budget, increasing the production values and making the best film possible. “We... Read more of this article