Author Archive: Bernews1

Timothy Frith Called To The Bermuda Bar

MJM Limited announced that Timothy Frith was called to the Bermuda Bar this morning [Sept 19] Mr. Frith has 15 years’ experience at the English Bar practicing from Lamb Chambers and Devereux Chambers in Middle Temple. He remains a door tenant of Devereux Chambers. His practice encompasses commercial, insurance, company and insolvency matters and he... Read more of this article

Bermuda Cancer & Health: Centre Of Excellence

Bermuda Cancer and Health Centre has been designated a Breast Imaging Centre of Excellence by the American College of Radiology [ACR]. The Centre has achieved international accreditation only 15 months after launching a breast biopsy service. By awarding the status of a Breast Imaging Centre of Excellence, the ACR recognizes that Bermuda Cancer and... Read more of this article

U17 Women’s National Team Depart For Haiti

The Bermuda U17 Women’s National team departed Bermuda this morning [Sept 19] to participate in the final round of the Caribbean Football Union U17 Women’s Regional World Cup Qualifying Tournament in Port au Prince, Haiti from September 20-30, 2013. The participating countries along with Bermuda in the CFU tournament include: Group A – Puerto... Read more of this article

39-Year-Old Woman Charged With Wounding

A 39-year-old woman was charged in Magistrates Court this morning [Sept 19] with unlawfully wounding two women on 17th September on Pembroke Parish. Cureka Caines was not required to plead because the matter can only be dealt with in Supreme Court. The Senior Magistrate granted Ms Caines bail of $5,000 and required one surety. She returns to Court... Read more of this article

Man Admits Threatening Ex-Girlfriend & Dog

A 30-year-old man appeared in Magistrates Court this morning [Sept 19] where he pleaded guilty to threatening his ex-girlfriend and her dog. Peter Nentwig was fined $1,300 and ordered to pay $700 in damages after his two guilty pleas were accepted by Senior Magistrate Archie Warner. Nentwig admitted unlawfully damaging a ‘boom-box’ and front door... Read more of this article

WSJ: “Bermuda’s Search For New Wealth”

“After decades of reigning as a supreme destination for some of the world’s elite, Bermuda is having a tough time competing for the patronage of the stupendously rich, creating a classic tug of war over old and new money,” a report by the Wall Street Journal said today [Sept 19]. “The island, an easy two- or three-hour jet jaunt... Read more of this article

Bradford City To Fly Rainbow Flag At Matches

Bradford City — the team Bermuda’s star striker Nahki Wells plays for in the UK — is showing support for the gay community by flying the rainbow flag at their home stadium for all match days during this season. A spokesperson for City said, “Bradford City F.C prides itself on being inclusive to all and welcomes participants and spectators... Read more of this article

KPMG: Transactions Involving France’s ‘Blacklist’

KPMG has said that transactions involving jurisdictions on France’s “black list” — which now include Bermuda — are subject to additional transfer pricing documentation requirements. Last month France added Bermuda to its “list of uncooperative tax havens”, with Bermuda joining Botswana, the British Virgin Islands, Brunei,... Read more of this article

Catalina Holdings Agrees To Acquire Alea Group

According to a Business Insurance report, Bermuda-based runoff consolidator Catalina Holdings (Bermuda) Ltd. has signed an agreement to acquire Alea Group Holdings (Bermuda) Ltd. from FIN Acquisition Ltd., a subsidiary of investment funds managed by affiliates of Fortress Investment Group L.L.C. Terms of the deal were not disclosed. Related Stories Compre... Read more of this article

PartnerRe Estimates German Hailstorm Losses

Bermuda-based PartnerRe Ltd. today [Sept 18] estimated that the cost of the German Hailstorms in the last week of July 2013 will be between $50 million and $60 million pre-tax and net of retrocession and reinstatement premiums. These losses will be recorded in the Company’s third quarter 2013 results. The majority of these losses are expected... Read more of this article

Inspirational Guest Speaker Arrives In Bermuda

The transition from being a victim of sexual abuse to becoming a survivor can be compared to that of a phoenix rising from the ashes. Johnnetta McSwain-Clay has experienced this first hand, and will be sharing details of her journey as a guest speaker for the Peace Day Celebration event, to be held at 6pm on Friday [Sept 20], at the Fairmont Hamilton... Read more of this article

New Small Business Loan Product Launched

Nick Kempe, the Chairman of the Bermuda Economic Development Corporation [BEDC], and Michael Veale, Sr. Vice President of Personal and Commercial Banking at Capital G, today [Sept 18] launched the BEDC and Capital G Micro Loan Product for Small Businesses. The Micro Loan product will be available to all small businesses, island wide; including vendors... Read more of this article