Author Archive: Bernews1
Retail Sales Increase 0.7% In October 2012
Retail sales in October 2012 edged up a fractional 0.7% or by $0.2 million. Among the broad retail sectors, motor vehicle stores posted the strongest sales activity of 43.3%, while retailers of building materials experienced a 24.4% dip in sales. Residents returning to the Island declared overseas purchases of goods valued at $5.3 million during October... Read more of this article
Day #1: Junior Golf Association’s Fecchio Cup
The Bermuda Junior Golf Association’s Fecchio Cup got underway at the Port Royal Golf Course on Tuesday [Dec 18]. Sam Wehmeyer leads the Blue Tees 16+ Division after shooting a First Round 10-over par 81, Wehmeyer holds a five stroke lead over Justin Dixon-Watts, while Walker Campbell is in third after shooting a 17-over par 88. Daniel Hetzel shot... Read more of this article
Markel To Acquire Alterra For Approx. $3.13B
Bermuda-based Alterra Capital Holdings Limited will be acquired by Markel Corporation, in a deal worth approximately $3.13 billion. Alterra CEO Marston Becker is expected to leave the company following the close of the transaction. Under the terms of the agreement, the aggregate consideration for Alterra is approximately $3.13 billion, based on a... Read more of this article
Cabinet, Senate Appointments Expected Soon
Following the One Bermuda Alliance’s victory at the polls earlier this week, the Cabinet appointments are expected to be announced soon by the new Premier. Prior to the election, the OBA Shadow Cabinet appointments were: Craig Cannonier – National Security, Bob Richards – Finance, Economy, Trade & Industry, Dr. Grant Gibbons... Read more of this article
Cayman: Bush Ousted, New Premier Takes Over
[Updated - Juliana O’Connor Connolly has become the first female Premier of the Cayman Islands] A week after he was arrested on suspicion of corruption, Cayman Islands Premier McKeeva Bush was ousted yesterday [Dec 18] in a parliamentary vote of no-confidence filed by Opposition Leader Alden McLaughlin. Legislators from the governing party and opposition... Read more of this article
Jonathan Starling: Onward To A New Politics
[Written by Jonathan Starling, who contested C#20 as an Independent] I would like to congratulate Ms Susan Jackson, the victor in Constituency 20. Her victory was comprehensive, even if her margin of victory (78%) was lower than the then UBP’s victory in the 2007 election (83%). I enjoyed the conversations I had with Ms Jackson in between shaking... Read more of this article
Police Officers Donate To Two Charities
Police officers recently donated to two charities – Big Brothers and Big Sisters of Bermuda and A Lott of Sista Love. Inspector Tracy Burgess said: “This year ‘B’ watch held its Christmas dinner on Thursday the 13th of December and we did have a ‘Secret Santa’, but this year was different. Instead of exchanging gifts amongst each... Read more of this article
Upcoming Christmas IT Networking Event
The Department of E-Commerce will be hosting the Christmas IT Networking Event on Thursday, December 20th from 12:00 p.m. to 2:00 p.m. on the 5th floor of Craig Appin House. A spokesperson said: “Anyone interested in studying IT or enrolled in University or College studying IT should plan to attend. It will be your chance to meet leaders and key... Read more of this article
Holiday Garbage & Recycling Collection
The Ministry of Public Works advised that due to the Christmas Holiday on Tuesday, December 25, West End garbage will be collected on Monday, December 24 and Thursday, December 27. East End garbage will be collected on Friday, December 28 and Saturday, December 29. West End recycling will be collected on Thursday, December 27 and East End recycling... Read more of this article
Business Bermuda Congratulates OBA
“The election results last night are clearly an indication that the people of Bermuda are laser-focused on the economy and that international business has to be the driving force in powering the return of prosperity and opportunity for all Bermudians,” said Cheryl Packwood, CEO of Business Bermuda. “As we market Bermuda around the world, we constantly... Read more of this article
Fitch: Economic Impact Of Election Results
The clear victory by the One Bermuda Alliance in Monday’s general election “may signal a change in economic and fiscal policies for the island,” a statement from Fitch Ratings said. In an analysis of the election results released today [Dec. 18], the international financial ratings agency said the new Bermuda government faces a pressing... Read more of this article
Video: Craig Cannonier Sworn In As Premier
[Updated with video] One Bermuda Alliance leader Craig Cannonier was officially sworn in as Premier by Governor George Fergusson this afternoon [Dec 18]. His family, friends, and numerous OBA members were present for the swearing in ceremony held at Government House. The OBA denied the Progressive Labour Party a fourth consecutive term last night [Dec.17]... Read more of this article
