Author Archive: Bernews1

Premier Hosts Reception For Perozzi

Last night [Jan.17] a number of dignitaries gathered at a reception to congratulate WBA World Middleweight Champion Teresa Perozzi on her recent accomplishment. Those present included Governor Sir Richard Gozney, Premier Paula Cox, Government Ministers, Opposition MPs, and Senators. There were also several members of the boxing community present, including... Read more of this article

‘OFCs Not To Blame For Global Crisis’

“Irresponsible” governments, regulators and banks are mainly responsible for the global recession, not off-shore financial centres [OFCs] like Cayman or Bermuda, former chairman of the Cayman Islands Monetary Authority Tim Ridley has said. Speaking to the on-line “OffshoreAlert” industry newsletter this week, Mr. Ridley said:... Read more of this article

Bermuda’s Islamic Finance Initiative

Bermuda is set to double-down on its efforts to become the first Western centre for Islamic finance in a favourable tax domicile, as the island looks to introduce legislation to accommodate a Shariah-compliant platform for such vehicles and products. In an exclusive interview with “Euromoney ” magazine published today [Jan.18], Business... Read more of this article

Maxi Priest Joins Lennon Tribute Concert

British reggae superstar Maxi Priest, a fixture on the Bermuda entertainment scene since the 1990s, will be lending his voice to the upcoming John Lennon tribute CD being released to mark the former Beatle’s creative resurgence on the island. Maxi Priest [pictured] is one of several international acts with strong Bermuda ties who has been recruited... Read more of this article

R&B Great Made Bermuda His Home

Veteran jazz and R&B singer Arthur Prysock died in Bermuda in 1997 after suffering an aneurysm at the age of 73. Mr. Prysock, who toured internationally for nearly 40 years, stopped in Bermuda almost every year in the 1960s and ’70s before he semi-retired here in the early ’90s. A popular but low-profile figure in Bermuda, Mr. Prysock... Read more of this article

Fitch: Resilient Bermuda Market

According to a new Fitch Ratings report, Bermuda re/insurers overall have been able to weather the recent storm of heightened catastrophe losses, and should be well-positioned to take advantage of improvements in the underwriting environment. Near record catastrophe losses incurred in 2011 have significantly reduced Bermuda re/insurance market earnings... Read more of this article

OBA: “Back Your Words With Action”

[Updated] Opposition Leader Craig Cannonier responded to Premier Paula Cox’s recent update on the Good Governance legislation, suggesting the Government “stop playing politics” and “back your words with action.” On Monday [Jan.16] Premier Paula Cox provided a briefing on Government’s Office of Procurement and Project... Read more of this article

PartnerRe’s Flood Estimate: $120 Million

PartnerRe Ltd. announced that the Company expects to record a charge of approximately $120 million, pre-tax and net of retrocession and reinstatement premiums, in its fourth quarter 2011 results related to the flooding in Thailand, which occurred in October and November, 2011. This is in line with the Company’s previous announcement that its losses... Read more of this article

Premier To Host Town Hall Tonight

Premier Paula Cox will host the first on a series of town hall meetings to discuss the upcoming National Budget at 7pm this evening [Jan.18] at the Dalton E. Tucker Primary School in Southampton. The Premier will be joined by Attorney General and Minister of Justice Kim Wilson, Minister of Health Zane Desilva, and Minister of Youth, Families, and Sports... Read more of this article

Sailing: Cutler Looking Good In Key West

Bermuda resident Alec Cutler is off to a great start at Key West Race Week (KWRW) with two excellent days of racing under his belt. Cutler has finishes of 4, 2, 8, 4, and 7 to place him third in the nineteen boat Melges 32 fleet. Moderate to heavy breeze under sunny skies has created perfect sailing conditions and allowed the Orbis executive a chance... Read more of this article

Bermuda Hospitality Institute Programme

The Bermuda Hospitality Institute has accepted 12 motivated young men and women excited to embark on a career in the Island’s Hospitality industry into START, an American Hotel & Lodging Educational Institute certificate program. “This is the second year we’ve offered the START program to high school students,” said BHI CEO, Karla Lacey.... Read more of this article

Police Investigate Armed Robberies

[Updated] The police confirmed they are investigating an incident on Sunday night [Jan.15] in which two men — one armed with a gun — broke into a Pembroke home, as well as two armed robberies which occurred yesterday. The second incident saw a taxi driver robbed by four men brandishing knives, and the third incident saw four men on motorcycles... Read more of this article