Author Archive: Bernews1
New Bermuda Catastrophe Bond Launched
Bermuda based Dunamis Holdings Ltd. today [Nov. 17] announced the launch of Kalista, a cost-effective and efficient catastrophe bond issuance platform. The Kalista product is a result of the combined efforts of Limestone Law, a recognised Bermuda law firm, the Bermuda Stock Exchange and a partner reinsurance company. Kalista is an innovative product... Read more of this article
Fitch: Bermuda’s Clean Bill Of Fiscal Health
[Updated] Bermuda’s finances received a guardedly clean bill of health from one of the world’s top ratings agencies today [Nov. 17]. Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) and Country Ceiling for Bermuda as follows: Foreign currency IDR at ‘AA+’; Local currency IDR at ‘AAA’; Foreign currency... Read more of this article
Black Hyundai Car Reported Stolen
Earlier today [Nov.17] the police received a report of a stolen car, which appears to have been taken four days ago from outside a Devonshire residence A police spokesperson said, “On Thursday November 17th, Police received a report of a vehicle taken without its owner’s consent.” “It appears that between 1:30am and 5:10am on Sunday... Read more of this article
Royal Wedding Singers Performing Here
Acts associated with President Barack Obama’s historic inauguration, the Royal wedding, and even “Forrest Gump” are among the performances in the 2012 line-up of the Bermuda Festival of the Performing Arts. Ticket sales for the 37th festival will begin at 10 am on Monday, November 21. The Festival runs from January 17, 2012 – February... Read more of this article
Men Charged: ‘Loitering’ At Bus Stop
Two Sandy’s Parish residents, Burnell Cross and Edward Simons, appeared together in this morning’s [Nov.17] Plea Court. Both men, who had been held in overnight custody, were charged with the offence of loitering, which was said to have occurred at a bus stop layby yesterday [Nov.16]. Both men pleaded not guilty to the charge as read. Senior Magistrate... Read more of this article
Cisco Academy To Open Next Year
Government anticipates a Bermuda Cisco Academy dedicated to training young Bermudians in Information Technology will open no later than next year. In a briefing today [Nov. 17], Information Services Minister Michael Scott said the island was actively pursuing the idea of establishing a Cisco Networking Academy in Bermuda, a global education initiative... Read more of this article
Upcoming: 2011 Recycle Mania Week
The Department of Waste Management within the Ministry of Public Works has announced details of the 2011 Recycle Mania Week. Minister of Public Works Walter Roban said: “Recycling is an important part of creating a sustainable future as well as ensuring the incinerator operates at maximum efficiency. “If recyclables such as glass and metal are... Read more of this article
77 Entries So Far: Christmas Boat Parade
It’s not too late to enter your boat in one of the most spectacular events of the holiday season. The Christmas Boat Parade will set sail from the Royal Bermuda Yacht Club at 6:30 pm on Saturday December 10th. Seventy seven boats have already registered but organisers say that there is space for additional boats and are encouraging interested boat... Read more of this article
Board Approves OneBeacon Dividend
At its regular meeting held on November 16, 2011, the OneBeacon Insurance Group, Ltd. board of directors declared a $0.21 per share quarterly dividend, payable in cash on December 30, 2011, to holders of record of common shares as of the close of business on December 16, 2011. OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company that... Read more of this article
Wingate Recalls Historic Cahow Expedition
Bermuda made ornithological history — and front page news around the world — in 1951 when 18 breeding pairs of Cahows were discovered by an expedition led by American biologist Robert Cushman and Bermuda Museum, Aquarium & Zoo curator Louis Mowbray. A Bermudian schoolboy — 15-year-old David Wingate — accompanied the team... Read more of this article
Renaissance Re Declares Dividend
The board of directors of Bermuda’s RenaissanceRe Holdings Ltd. announced today [Nov. 17] a quarterly dividend of $0.26 per common share on its common stock. The dividend is payable on December 30, 2011 to shareholders of record on December 15, 2011. RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company’s... Read more of this article
Former GE Executive Named To Aspen Board
Aspen Insurance Holdings Limited today [Nov.17] announced that the company’s board of directors has appointed Mr. Ron Pressman to the Board in a non-executive capacity with immediate effect. Mr Pressman has also been appointed to the Company’s Compensation and Investment Committees. Mr. Glyn Jones, Chairman of the Board commented: “I... Read more of this article
