Author Archive: Bernews1

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

OBA Calls For Water Safety Tests After Fire

Shadow Minister for Health Dr. Kathy Michelmore has called on the Health Department to sample water from some of the homes directly in the path of the smoke from the HWP fire this past week. “Our main concern with the situation centres on the possibility that many residents downwind of the mid-afternoon fire did not block their roof downpipes... Read more of this article

Hamilton Traffic Advisory Update

The City of Hamilton today provided an update on the road resurfacing taking place on Reid Street Extension. A City of Hamilton spokeswoman stated that apart from a delay on Tuesday morning, due to heavy rainfall, the resurfacing work on the Reid Street Extension at the junction of Middle Road and Spurlings Hill has progressed very well.” “It... Read more of this article

Patterson & Yearwood To Compete In Peru

With the conclusion of the World Championships in Shanghai, the international swimming focus now shifts to the Junior World Championships being held in Lima, Peru next week where Bermuda will be represented by Ashley Yearwood [pictured] and Nicholas Patterson. Richard Goodwin, the National Coach, said, “This junior version is limited to girls between... Read more of this article

HWP: “We Are Very Much Open For Business”

Three days after the fire that destroyed the Paint & Body Shop and administrative facilities of HWP, operations are resuming for automotive and cycle sales, mechanical service, parts and cycle service. Jonathan Brewin, President & CEO, HWP Group commented, “The management team and the staff of HWP have been incredible. While we have massive... Read more of this article

Argus Group Statement On HWP Fire

Following the massive fire that destroyed part of HWP’s premises, the Argus Group extending its sympathies to HWP and all those affected by the fire, and reminding Argus policy holders affected by the fire to contact our Customer Service Centre. John Doherty, Executive Vice President, Property & Casualty, the Argus Group said: “The Argus... Read more of this article

Upcoming: An Intergenerational Conversation

On Thursday, August 11th members of the public aged 13 years and higher are invited to attend the Wesley Methodist Church [Dyer Hall] from 5:30 – 7:30pm and participate in multi-generational round table discussions facilitated by Fitzgerald Williams, Social Worker and Client Relations Manager with the Department of Financial Assistance. The round... Read more of this article

Tennis: McHarg Reaches Finals in St. Lucia

Play in the 28th Annual Coca Cola ITF Junior Open in St. Lucia continued at the St. Lucia Tennis Centre, with both Taylor McHarg and Eva Frazzoni taking to the courts. McHarg advanced to the girls under/14 finals after she defeated Dajohnique Delancy from Trinidad. Delancy previously defeated the tournaments number 2 seed, and McHarg proved too strong... Read more of this article

Caribbean Squash Champs: Day #2 Report

The Men’s Bermuda Squash Team continued play in the Cayman Islands on Day #2 of the 2011 Caribbean Individual Squash Championships. Bermuda is the defending champion in the team division, and is competing against athletes from the Caymans, Trinidad & Tobago, Jamaica, OECS, Barbados, Bahamas and Guyana. The Bermuda Team of Micah Franklin, Noah... Read more of this article