Author Archive: Bernews1
BIU Gives 24 Hr Notice To Reinstate Bus Driver
BIU President Chris Furbert said this morning [Aug.11] that the BIU gave the Ministry 24 hours to reinstate a bus driver who is suspended following an accident seven weeks ago. Mr Furbert said their drug policy calls for urine drug testing, not hair follicle drugs testing which the driver has been asked to take. He also pointed out that the accident... Read more of this article
Report: Health System Financing & Expenditure
The Bermuda Health Council [BHeC] today [Aug.11] announced the release of the National Health Accounts Report 2011. The report was published for the first time last year, as part of the Council’s mandate to monitor Bermuda’s health system. ... Read more of this article
This Sunday: LSAB Walk For Justice
The Law Student’s Association Of Bermuda will be hosting the ‘Walk For Justice’ this coming Sunday [Aug.14] at 9:00am starting and finishing at the Cabinet Building On Front Street. The entry fee is a $5 charitable donation for adults, and $2 for children 12 and under with proceeds going to The Centre and the Women’s Resource... Read more of this article
BSX Delists Crighton Properties & Myall River
The Bermuda Stock Exchange [BSX] announced the cancellation of listing from the BSX of Crighton Properties Pty Ltd. and Myall River Downs Pty Limited. Further to the listing suspension announcement of 09 June, 2011, the BSX has, effective immediately, cancelled the listing of both the Ordinary shares and the Class A shares of both companies. The Listing... Read more of this article
CableVision Secures Grant For Local Charity
A nomination from Bermuda CableVision for Big Brothers Big Sisters of Bermuda (BBBS) to receive a grant from the Caribbean Cable and Telecommunications Association (CCTA) has resulted in a $1,000 award for the local mentoring charity. The CCTA launched its Community Charities Program in 1993 as a service to the local communities in which it is represented. Each... Read more of this article
BIU Port Workers: Hamilton Dock Overtime Ban
[Updated] Retailers may soon face delays in getting goods on the shelves, as the BIU Port Workers Division has instituted an overtime ban on the Hamilton docks. Last night [Aug.10] Bermuda Container Line said, “Stevedoring Services has informed us that overtime has been withdrawn by their workforce as of today. This is in response to the collapse... Read more of this article
StyleBermuda ‘Photoshoot War’: Swimsuits
Three local photographers put their talents to the test for Style Bermuda’s latest fashion segment: Photoshoot Wars. “We chose three of our favorite local photographers – Alex Masters, Anthony Francis and Kageaki Smith, and asked them for their own take on one of our favorite parts of summer, the Swimsuit,” said Melissa Fox, Style Bermuda’s... Read more of this article
U.S. Activist To Speak At Labour Day Banquet
September 5, 2011 will mark the 30th Anniversary of the celebration of Labour Day in Bermuda, and the theme of this year’s Labour Day is ‘Sustaining Trade Unionism’. To help celebrate this year’s Labour Day, the BIU has invited Lawrence Hamm, President of the New Jersey based People’s Organization for Progress to deliver the keynote... Read more of this article
Flagstone Reinsurance Realigns Management
Flagstone Reinsurance Holdings announced that Gary Prestia [pictured] has been appointed Chief Executive Officer of Flagstone Representatives (US) Inc., and Chairman of Mosaic NY, effective September 1st, 2011. Mr. Prestia will be stepping down as Chief Underwriting Officer – North America at Flagstone Réassurance Suisse SA and underwriting responsibilities... Read more of this article
A.M. Best Affirms Ratings of BF&M Limited
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit ratings of “a” of BF&M Life Insurance Company Limited and BF&M General Insurance Company Limited. A.M. Best also has affirmed the ICR of “bbb” of BF&M Limited. The outlook for all ratings is stable. All companies are domiciled in Hamilton,... Read more of this article
RenaissanceRe: $0.26 Quarterly Dividend
The Board of Directors of Bermuda-based re/insurer RenaissanceRe Holdings Ltd announced a quarterly dividend of $0.26 per common share on its common stock. The dividend is payable on September 30, 2011 to shareholders of record on September 15, 2011. Last month RenaissanceRe reported a 2011 second quarter net income of $24.8 million, a reduction of... Read more of this article
Photo Slideshow: Harbour Nights
Tourists and locals alike turned out this evening [Aug.10] for Harbour Nights, which saw numerous vendors and live entertainment take over Front Street. The weekly event is scheduled to run every Wednesday night until August 31st, with three more Harbour Nights left in the 2011 season. Some of the vendors said although there were a fair amount of visitors... Read more of this article
