Author Archive: Bernews1
Bermuda Ranks In ETF Top Five
Bermuda has become one of the top five overseas jurisdictions for US-listed exchange traded funds, a website specialising in the investments reports today [Nov.23]. Along with Switzerland, Canada, China and the United Kingdom, Bermuda is among the most represented countries based on American-listed equity ETFs says the on-line ETF Data Base [ETFdb].... Read more of this article
Norwegian Bank To Support Frontline
Norway’s largest financial services group DNB ASA — a lender to Bermuda oil-tanker operator Frontline Ltd. — said it will back the shipping company through an industry slump that slashed returns from hauling crude at sea, the Bloomberg business news service reports today [Nov.23]. Frontline, whose main shareholder is Norwergian-born... Read more of this article
Trust’s St. George’s Christmas Walkabout
It’s beginning to feel a lot like Christmas with the Bermuda National Trust announcing its annual holiday season walkabout in St. George’s. Trust executive director Jennifer Gray says the walk in the old town — which has become something of a Bermuda Christmas tradition in recent years — will be held on Friday December 2 from... Read more of this article
US Treasury Will Offer “Vigorous Defence”
The US Treasury Department expects to “vigorously” defend its actions in the wake of the near-collapse of American International Group Inc. [AIG] in 2008, it said in a response to a suit by Bermuda-based Starr International Co. Inc. claiming Washington DC’s actions were unconstitutional. In the suit filed Monday [Nov. 21] in the US Court... Read more of this article
Minister To Appear At Forum On Police Powers
Bermuda’s Centre for Justice will be hosting a public forum next Wednesday [Nov. 30] entitled: “The Balance between Public Safety and Liberty: Policy Stop and Search Powers.” The forum has been organised following an increase in the use by the police of their stop and search powers in response to gun crime, said a spokesman. “It will... Read more of this article
Police Called To North Shore Collision
Around 4:45 am on Tuesday [Nov. 22], police and first responders attended a report of a two vehicle collision resulting in injury on North Shore Road in Hamilton Parish near the junction with Radnor Road. It appears that a car and a motorcycle were travelling along North Shore Road when they collided. “The pillion passenger of the motorcycle,... Read more of this article
Business Bermuda Hosts Bahrain Reception
Business Bermuda, an organisation working with Bermuda-resident companies and government to develop and promote Bermuda internationally as the jurisdiction of choice, hosted a reception for the financial services community in Bahrain as part of their participation at the 18th annual World Islamic Banking Conference, currently being held under the... Read more of this article
Best Revises Outlook For Bermuda’s AXIS
A.M. Best Co. has today [Nov.23] revised the outlook to positive from stable and affirmed the financial strength rating [FSR] of ”A” [Excellent] and issuer credit ratings [ICR] of “a+” of Bermuda-based AXIS Specialty Limited and its operating affiliates. The US ratings agency has also revised the outlook to positive from stable and... Read more of this article
Premier Meets With UK Minister
Bermuda Premier Paula Cox met privately with British Foreign Office Minister Henry Bellingham in London yesterday [Nov. 22] just prior to the convening of the Overseas Territories Consultative Council to discuss the UK’s future strategy towards its 14 remaining dependencies. Hosted by Foreign Office Minister for the Overseas Territories Mr.... Read more of this article
Two Fires, Same St. George’s Property
On two separate occasions today [Nov.22] the Bermuda Fire & Rescue Service attended a St. George’s property located near the junction of Slippery Hill and Garrison Lane. . The Police and Fire Services were called for the second time at approximately 5:45pm, and on arrival they found an area of trees and brush ablaze. There were two fire... Read more of this article
Videos: TORC’s Grand Auto-Moto Saloon
This past weekend saw automotive enthusiasts make their way to the Southside Motor Sports Park in St. David’s for TORCs Grand Auto-Moto Saloon — an afternoon featuring drag racing, cars, trucks, SUVs and motorcycles. Show categories included the following: Best Car, Truck, SUV, Cycle; CableVisions Custom Creations; Pepsi Classic Tuner; Autobahn... Read more of this article
Charged: Cannabis By Nursery School
49-year-old Devonshire parish resident Winston York this morning pleaded not guilty to three charges involving the possession and cultivation of cannabis. Mr York told Senior Magistrate Archie Warner that he was not guilty of the charge of possessing the illegal drug cannabis with intent to supply; not guilty of the charge of cultivation of the plant... Read more of this article
