Author Archive: Bernews1

Amlin’s “Underperform” Rating Reaffirmed

Amlin — which operates a specialist Bermuda reinsurance underwriting platform — had its “underperform” rating reaffirmed by Credit Suisse in a research note issued on Monday [Apr. 15], Analyst Ratings Network reports. They currently have a $5.92 price target on the stock. A number of other firms have also recently commented on AML. Analysts... Read more of this article

Everest Re Group Downgraded To “Neutral”

ermuda’s Everest Re Group was downgraded by Macquarie to a “neutral” rating in a research note issued on Monday [Apr. 15], AnalystRatingsNetwork reports. A number of other firms have also recently commented on RE. Analysts at Zacks upgraded shares of Everest Re Group from a “neutral” rating to an “outperform” rating in a research note... Read more of this article

Faulkenberry Greets Bronx Second Graders

A group of second graders from the Bronx’s PS 69 Journey Prep school attended the Wednesday [Apr. 10] matinee performance of “Spider-Man Turn: Off the Dark” at Broadway’s Foxwoods Theatre and afterwards got to meet and greet friendly neighbourhood Bermudian co-star Rebecca Faulkenberry. Following the performance, the class enjoyed... Read more of this article

Bermuda Author Shortlisted For Literary Prize

Bermudian author Angela Barry is on the shortlist for the inaugural Hollick Arvon Caribbean Writers Prize, alongside contenders from the Bahamas and Trinidad& Tobago. A lecturer on literature at the Bermuda College as well as a writer, Ms Barry’s book “Gorée: Point of Departure” recently won the Brian Burland Prize For Fiction... Read more of this article

Jardine Strategic Holdings Announces AGM

The annual general meeting of Jardine Strategic Holdings Limited will be held at The Fairmont Southampton, 101 South Shore Road, Southampton, Bermuda on Thursday, May 16 at 11.00 a.m. Jardine Strategic Holdings Limited, together with its subsidiaries, engages in engineering and construction, transport services, insurance broking, property investment... Read more of this article

Tanker Operators Encounter Rough Fiscal Seas

Bermuda-based Frontline was cited in a “Wall Street Journal” report yesterday [Apr. 14] on the turbulent financial seas the world’s largest tanker operators are now operating in. Headlined “Oil-Tanker Operators Struggle to Stay Afloat”, the “Wall Street Journal” said after several years of losses, some oil-tanker... Read more of this article

Weekend Reports, Photos, Videos, Links & More

This past weekend saw a 19-year-old man shot on Curving Avenue, a 23ft boat run aground on Saltus Island leaving a 61-year-old woman in hospital, footballer Nahki Wells claim his 22nd goal of the season, the life of Kings Pilot James Darrell honoured in a special service and more. Links to our weekend coverage are below, please click to view more. News Shooting... Read more of this article

Allen & Fiddick Win Ludwig Cann 5K Race

Stephen Allen and Victoria Fiddick raced to victory in the 2013 Ludwig Cann 5K road race this morning [Apr 14]. Allen crossed the line in a time of 15.15, with Chayce Smith finishing second in 15.30 and Juma Mouchette finished third clocking a time of 16.57. Fiddick finished 7th overall with a time of 20.39, while Shona Palmer finished 8th overall and... Read more of this article

Deadline For Charities Act Feedback On April 17

The Ministry of Home Affairs issued a reminder that the deadline to receive feedback and input regarding amendments to the Charities Act 1978, is Wednesday, April 17. Notwithstanding that extensive charities policy development consultation was undertaken about a year ago, the Minister responsible for charities, Michael Fahy, advised that the general... Read more of this article

Ministry Remains ‘Confident’ Despite Setbacks

The Public Works Ministry said that despite setbacks — including a damaged crane — they “remain confident” that the Heritage Wharf will be prepared to receive the Norwegian Breakaway next month. Wake from a passing vessel caused damage to the crane, and the Ministry has asked boaters to reduce their speeds in the vicinity of... Read more of this article

59-Year-Old American In ICU After Cycle Collision

[Updated] A 59-year-old American man is in stable condition in the Intensive Care Unit of KEMH and is likely to be flown overseas for further medical treatment, following a rental cycle collision on Friday morning. A police spokesperson said, “Around 11:30am on Friday, April 12th police and first responders attended a reported single vehicle rental... Read more of this article

Rare Chipping Sparrow Sighting In Bermuda

This Chipping Sparrow — a rare visitor to Bermuda — was spotted this morning [Apr. 14] while the Bermuda Audubon Society checked bluebird nest boxes at Government House. Described as a “crisp, pretty sparrow whose bright rufous cap both provides a splash of color and makes adults fairly easy to identify”, Chipping Sparrows are... Read more of this article