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Reinsurance

"Scottish Re merges with shareholder group"

Bermuda-based life reinsurer Scottish Re Group Ltd yesterday announced the completion of its merger with a newly formed subsidiary of its controlling shareholders. SRGL Acquisition, LDC an affiliate of private-equity group Cerberus Capital Management...
Aug 25, 2011
Letters to the Editor

"How to save tourism "

August 24, 2011 Dear Sir, It’s Wednesday morning on Front Street. The Veendam is docked alongside and it’s a beautiful Bermuda day. The first thing that all those lovely tourists on the starboard side will see is the three vagrants sleeping right the...
Aug 25, 2011
Other

"BIU: Management issues compound dockworkers' dispute"

Union boss Chris Furbert has hit out at managers at Hamilton docks for “not co-operating with us” and not keeping the area clean enough. The Bermuda Industrial Union president told a press conference today that he “wanted to open Pandora's Box” and “...
Aug 24, 2011
Other

"Gang member jailed on gun charges"

A gang member who handled a gun linked to a number of serious crimes has been jailed for eight years. Kofi Dill, 32, was arrested at his residence in East Gate Lane, Pembroke, by armed police on the afternoon of December 22, 2010. Prosecutor Cindy Cl...
Aug 24, 2011
Other

"Founding member of NLP dies"

Political party founder and pioneering architect Walter Brangman has died aged 81. Mr Brangman, a former Progressive Labour Party MP who became a founding member of the National Liberal Party in 1985, was also one of Bermuda’s best-known architects f...
Aug 24, 2011

"Check out our Storm Watch page"

With the hurricane season now well under way as Hurricane Irene roars through the Caribbean and threatens the US East Coast, now's a good time to check out our Storm Watch page. Just one of the new features on our Weather page, Storm Watch features ...
Aug 24, 2011
Other

"Irene roars over the Bahamas"

NASSAU (Reuters) - Hurricane Irene strengthened to a major Category 3 hurricane over the Bahamas on Wednesday as it roared up from the Caribbean on a path expected to swipe the US East Coast from the Carolinas upward at the weekend. Irene, the first ...
Aug 24, 2011
Bermuda Stock Exchange

"Butterfield trades"

One-hundred more Butterfield Bank shares traded hands yesterday, but the price again remained unchanged at $1.50. No other shares traded on the Bermuda Stock Exchange, which closed unchanged at 1,231.7. The Bermuda Insurance Index closed up 17, or 1....
Aug 24, 2011
Court

"Man cleared of kidnap charge is seriously hurt in accident"

A man who was cleared of armed kidnap charges last week was seriously injured in a road accident early yesterday. Ashley Wellman's motorcycle collided with a wall on Harbour Road in Paget around 4.30am. His mother and friends were at his bedside in t...
Aug 24, 2011
Environment

"Objectors speak of their concerns over proposed Park Hyatt resort"

Objectors reiterated their concerns about the proposed Park Hyatt resort in a special meeting with Planning officials this week. Approximately 65 people turned out for a hearing at Penno’s Wharf to state why they felt the proposed St George’s develop...
Aug 24, 2011
Other

"Unemployed given chance to learn horticultural skills"

Works Minister Derrick Burgess yesterday gave details on a programme to train unemployed people in horticultural skills by cleaning up the Railway Trail. Under the Railway Trail Hiring Initiative, it’s hoped 24 people will become trained and certifie...
Aug 24, 2011
Other

"C-Travel sees corporate travel business decline"

C-Travel will be targeting the younger market catering to the budget and luxury travellers alike, having seen a decline in the corporate side of the business. That is according to Carl Paiva, CEO of C-Travel, who said that cruise and tour sales had h...
Aug 24, 2011
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