Author Archive: Bernews1

Hardy Underwriting’s Strategic Review

Hardy Underwriting Bermuda is carrying out a strategic review following the size of catastrophe events this year and after receiving several preliminary expressions of interest in its business. The Bermuda-based specialist insurer and reinsurer said the review would consider whether shareholder value might best be maximised and business opportunity... Read more of this article

Frederico Responds To Downgrades

Bermuda’s Assured Guaranty Ltd saw its credit rating downgraded two notches yesterday [Nov.30] by Standard & Poor’s, but the cut was smaller than had been threatened and should let the US municipal bond insurer keep guaranteeing public finance debt. S&P lowered its ratings for Assured operating units, including Assured Guaranty... Read more of this article

Video: Earl Cameron Celebrates Reading

Legendary Bermudian actor Earl Cameron said those who don’t bother to read books or plays have no real advantage over those who cannot read at all when he took part in the London borough of Brent’s month-long celebration of literacy in November. British broadcaster Alex Pascall interviewed Mr. Cameron, 94, in front of an audience about... Read more of this article

Video: Car Flipped Upside Down In Paget

[Updated - no injuries] A car was seen flipped upside down this evening [Nov.30] in the area by King Edward Memorial Hospital in Paget. At this time it is unclear exactly what occurred, however the car was removed by a tow truck just before 6pm . We will update with official information as able. Update: Video of car being removed Update: The Police... Read more of this article

Man Arrested: Suspicion Of Burglary

A man in his twenties was arrested today [Nov.30] on suspicion of burglary. A police spokesperson said, “Suspected stolen items were recovered. He is currently being held in custody pending further inquiries. Members of the public are once again encouraged to report any suspicious activity in their neighbourhoods to the police by contacting 295-0011.” Related... Read more of this article

Pair Charged: Stealing Almost $200k

In Plea Court this morning [Nov.30], a man and a woman were charged with stealing almost $200,000 from Wm E Meyer & Co Ltd. Both pleaded not guilty. Initially there was confusion over whether the charges were indictable. But this was cleared up and the process went on. The charges were that between August 2006 and March 2009, Stephen Paynter [59]... Read more of this article

Digicel Sponsors Four Opti Sailing Boats

Digicel Bermuda announced its sponsorship of four Opti Sailing boats for the Waterwise Sailing Programme, which is held at the Royal Bermuda Yacht Club (RBYC). The RBYC selected a dedicated team of knowledgeable sailors including Tom Herbert-Evans, who is a fully Royal Yachting Association qualified coach with specific experience in approaching schools... Read more of this article

PLP: Vance Campbell To Run In C#9

[Updated] This afternoon [Nov.30] the Progressive Labour Party held a press conference and confirmed that Vance Campbell will represent them in Constituency #9 Smiths West. The seat is presently held by the One Bermuda Alliance’s Trevor Moniz, who will contest the seat again in the next General Election. In 2007, Mr Moniz – under the UBP... Read more of this article

Duke Of Edinburgh Awards Ceremony

The Fairmont Hamilton Princess will on Sunday [Dec. 4] host The Duke of Edinburgh’s Awards presentations for close to 260 young people who are attaining either their Bronze or Silver medals. Each have achieved their awards by undertaking various physical and community-based activities. “Many have worked with children, the elderly, the sick or... Read more of this article

Man Charged: Overstaying Immigration

Robert Barnett, a 29-year-old Jamaican national this morning [Nov.30] pleaded not guilty to a charge of overstaying his twenty-one day Bermuda Immigration visa permission to stay in Bermuda. The charge was that he had arrived in Bermuda in September 2007 and his visa permission ran out on 16th October 2007. It was alleged that Barnett had the remained... Read more of this article

Hiscox: Terror Coverage For US Hospitals

Bermuda’s Hiscox Ltd. today [Nov.30] released a new insurance product designed to protect US hospitals from the threat of terrorist attacks. The new product, developed by Hiscox’s Hamilton, Bermuda-based health care unit, is the first terrorism coverage offering in the US marketplace crafted specifically for the health care industry, the... Read more of this article

SkyNews: Omega Set For Byrne Battle

Omega Insurance faces a battle to force Bermuda-based re/insurance tycoon Mark Byrne to honour a deal to pay £50 million to become its second-largest shareholder, Britain’s SkyNews says today [Nov. 30]. The British TV network’s business editor Mark Kleinman reports Haverford, the Bermuda vehicle controlled by Mr. Byrne, today tabled a fixed-price... Read more of this article