Author Archive: Bernews1
Lancashire Holdings Launches New Side Car
Bermuda-based re/insurer Lancashire Holdings Ltd. today [May 20] said it will launch Accordion Reinsurance Ltd., a fully collateralised side car quota share reinsurance arrangement with an innovative capital draw down feature. Accordion will be flexibly capitalised for up to $250 million, and will act as a quota share reinsurer of Lancashire Insurance... Read more of this article
Top BSX Officials Visit The Virgin Islands
Two Bermuda Stock Exchange officials visited the Virgin Islands on Tuesday [May 17], informing the Caribbean island chain’s financial services community how the exchange operates and why they would like to do more business in the region. Greg Wojciechowski, the BSX’s chief executive officer, and James McKirdy, chief compliance officer,... Read more of this article
Business Bermuda Welcomes STEP Conference
Business Bermuda offered a statement of support and welcome to members of the Society of Trust and Estate Practitioners [STEP] who attended the STEP Caribbean Conference held this week at the Fairmont Southampton Princess in Bermuda. Randall Krebs, chairman of STEP Bermuda and executive vice president and general counsel of Meritus, introduced Cheryl... Read more of this article
Bermuda Win Kitty Michael Golf Tournament
The Bermuda team led by team captain Ann Symonds also consist of Gladys Chambaz, Tracy Nash, Katyna Rabain, Wendy Salvia, Patricia Morgan, Betty-Ann Sudbury, Kathy-Lloyd Hines, Julie Delahunty-Moore and Monique Ternier have won the 33rd Annual Kitty Michael International Invitational Tournament at the Bay Course where the LPGA will play next week in... Read more of this article
Phelan Appointed To Everest Board Of Directors
Bermuda-based Everest Re Group, Ltd. announced the appointment of John P. Phelan to its Board of Directors, effective May 18, 2011. John P. Phelan formerly served as Chairman, President and Chief Executive Officer of Munich Re America Corporation and Munich Reinsurance America, Inc. and served as a member of Munich Reinsurance Company’s Board of Management... Read more of this article
2011: NOAA Predicts 6 to 10 Hurricanes
The Atlantic basin is expected to see an above-normal hurricane season this year, according to the seasonal outlook issued by NOAA’s Climate Prediction Center – a division of the National Weather Service. Across the entire Atlantic Basin for the six-month season, which begins June 1, NOAA is predicting 12 to 18 named storms, of which 6 to 10 could... Read more of this article
Blake Burgess Wins Sailor of the Year
Blake Burgess will be Graduating from Christchurch School on May 28th, and has been accepted to Maine Maritime Academy were he plans to study Maritime Transportation and is hoping to qualify for the Mariners Sailing Team. Blake’s last regatta of his high school sailing career was the Virginia State Championships which Christchurch Sailing Team... Read more of this article
Man Robbed At Knifepoint
Early yesterday morning [May 18], a 21-year-old Warwick man was robbed at knifepoint on Woodlands Road in Pembroke., after he was accosted by a man on a motorcycle while driving his car. A Police spokesman said, “Around 2:55am on Wednesday, Police received a report of a robbery. It appears that earlier that morning the victim, a 21 year old Warwick... Read more of this article
US Bank Director’s Secret Bermuda Account
US prosecutors yesterday [May 18] charged a Boston bank director with failing to report income hidden in a secret HSBC bank account in Bermuda, the “Wall Street Journal” has reported. The leading financial and business newspaper describes the proesution as the latest move by Washington in ongoing efforts to combat off-shore tax evasion. Michael... Read more of this article
Murder: Kevin Warner Found Guilty
[Update: The jury came back at approximately 3:45pm and returned a verdict of guilty. The five-man six-woman jury unanimously convicted Mr Warner of premeditated murder and possession of a firearm. He has been remanded in custody and will be sentenced at a later date.] The jury is presently deliberating in the murder trial of 21-year-old Kevin Andre... Read more of this article
Pilot Darrell: ‘Ability And Steadfastness’
The inscription on his headstone at St. Peter’s Churchyard, St. George’s captures the essence of the man and the high regard in which he was held: “James Darrell, Who died 12th April 1815 aged 66 years. In his public life as a servant of his country he obtained the general approval of his talents and worth. In his private walk as a... Read more of this article
Photos: Launch Of Stamps Honouring Pilots
This morning [May 19] a new commemorative stamp in honour of piloting in Bermuda was launched at the General Post Office. In addition, an exhibit on James ‘Jemmy’ Darrell also went on display. Minister of Government Estates and Information Services Neletha Butterfield said, “I am extremely pleased to participate in the launch of this... Read more of this article
