Author Archive: Bernews1

Zacks Upgrades Everest Re To “Outperform”

Bermuda’s Everest Re Group was yesterday [Apr. 10] upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients, AnalystRatingsNetwork.com reports. The firm currently has a $153.00 price target on the stock. Zacks‘ analyst wrote, “We are upgrading our recommendation on the shares of Everest... Read more of this article

Canadian Minister Of Finance To Visit Island

Minister of Finance Bob Richards said he is looking forward to the visit to the island of Canada’s Minister of Finance Jim Flaherty and joining the Minister at the luncheon on Friday which is being arranged by the Bermuda Business Development Corporation. It will be Minister Flaherty’s first official trip to the island, and he will be the highest-ranking... Read more of this article

Sick Crew Member Transferred To Bermuda

A Bulk Carrier ship detoured to Bermuda after a 64 year old Greek national on board suffered from a heart related illness and required medical attention. The vessel –then 240 miles east of the island — had departed New Orleans bound for Morocco. The ‘Amber L’ diverted to a rendezvous position 2 miles east of Bermuda, and at 9.30am... Read more of this article

Trio Sentenced To Five Years After Assault

Three men were this morning [Apr 10] jailed for five years this morning [Apr 10] for their part in a group attack in Southampton on Good Friday last year. Sergio Robinson-Woolridge [22], D’Angelo Clarke [22] and Gavaska Bascome [18], all appeared before Puisne Judge Stephen Hellman to receive their sentences for their role in the fight at Southampton... Read more of this article

Furbert: ‘PLP Laid Strong Foundation In Tourism’

Shadow Minister for Tourism Wayne Furbert responded to the recent announcement by Minister of Tourism Development and Transport Shawn Crockwell, saying the “OBA has finally admitted that the PLP plan was working.” Mr. Furbert said, “The Progressive Labor Party laid a strong foundation in tourism which allowed the One Bermuda Alliance to... Read more of this article

A.M. Best Affirms Endurance Speciality Ratings

A.M. Best Co. today [Apr. 10] affirmed the financial strength rating [FSR] of ‘A’ [Excellent] and issuer credit ratings (ICR) of “a” of Endurance Specialty Insurance Ltd. and its affiliates, as well as the ICR of “bbb” and debt ratings of the publicly traded parent, Endurance Specialty Holdings, Ltd. Both companies are domiciled in Bermuda.... Read more of this article

Rider Arrested After Collision: Suspicion Of DUI

A 51-year-old man was arrested on suspicion of impaired driving after crashing his motorcycle in Warwick. A police spokesperson said, “Around 12:15am on Wednesday, April 10th police and first responders attended a reported serious single vehicle motorcycle collision on St. Mary’s Road in Warwick near the junction with Lorraine Drive. “The... Read more of this article

Southampton Rangers “On A Mission”

The Southampton Rangers Club new Executive, led by President, Gerri Saltus has been on a mission to re-establish the club as a “positive force in the Southampton community”, a club spokesperson said. “A number of initiatives have been undertaken by the club since the September elections and the efforts seem to be bearing fruits. “Weekly... Read more of this article

Photo Set #2: Annual Eye Classic Road Race

Despite the less than welcoming weather, over 100 people turned out to take part in the 11th Annual Eye Classic on Sunday morning [Apr 7]. Stephen Allen was the first across the line, followed by Tucker Murphy in second and Daniel Oatley in third. Tamika Williams was the first female across the line, while Shona Palmer was the second female and Stepanka... Read more of this article

Bermuda’s Youth Got Talent: Live Show

With the goal of uplifting and supporting the gifted young people of Bermuda, the fundraising event “Bermuda’s Youth Got Talent” is back for its second season. More than 160 contestants auditioned for a chance to perform in this year’s “Round 2″ live audience event. After much deliberation, 21 diverse and awe-inspiring acts... Read more of this article

Pompano Beach Club Makes Top 10 List

Bermuda’s Pompano Beach Club made a “USA Today” Top 10 list of resorts that combines a top-notch gyms with world-class views. Published in the newspaper’s travel section today [Apr. 10], the list was compiled by the publication’s partner Oyster.com which specialises in independent on-line hotel reviews. “Many hotel... Read more of this article

Kyle Lightbourne Joins Walsall Backroom Staff

A former star striker with the UK club Walsall, Bermudian Kyle Lightbourne has joined the League One team’s backroom staff for the second time. Mr. Lightbourne scored 65 goals in 165 appearances for Walsall Football Club during a four-year playing spell at the Bescot Stadium and is regarded as one of the best strikers in the clubs history. Last... Read more of this article