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Reinsurance

Munich Re sets up $63m sidecar as other ILS mature

As new insurance-linked securities (ILS) come on line, others are maturing. German giant Munich Re has added to the billions of dollars worth of ILS based and listed in Bermuda by launching a $63 million sidecar named Eden Re Ltd, according to the Ar...
Jan 09, 2014
Letters to the Editor

Mr Burgess is not in a position to lecture anyone

January 8, 2014 Dear Sir, Just before Christmas, the Acting Shadow Premier, Derrick Burgess, criticised Premier Craig Cannonier for remarks he made in the House of Assembly. Mr. Burgess thought the Premier might be “endorsing the politics of personal...
Jan 09, 2014
Young Observer

For all the right reasons

THE BF&M NATIONAL HIGH AND MIDDLE SCHOOL CHALLENGE On December 18th, 2013 students from the Berkeley Institute Team challenged themselves to an individual health and fitness challenge within The BF&M National High School Challenge. During the holida...
Jan 09, 2014
Football

Title race is not over yet, says Brown

Dennis Brown, the Devonshire Cougars coach, is not pushing the panic button despite his side’s title hopes suffering a setback. Cougars slipped four points behind league leaders Somerset Trojans after a disappointing draw against Flanagan’s Onions at...
Jan 09, 2014
Other

Veteran hairdresser cuts loose on her own

Hairdressing veteran Ginny Jessey has cut loose on her own. The stylist will cut the ribbon on her first salon in her own name tomorrow after 20 years in the Bermuda hairdressing business. Ms Jessey said: “You get to the point where you outgrow just ...
Jan 09, 2014
Court

Man fined $800 for cannabis possession

A Hamilton Parish man has received an $800 fine after he admitted possessing more than seven grams of cannabis. Leigh Swan, 29, of North Shore Road, was arrested at the Hamilton Workman’s Club on May 28 last year, when officers observed him hiding so...
Jan 09, 2014
Court

Jail for man who assaulted woman

An incarcerated Pembroke man has received 30 days’ imprisonment with time served for assaulting and using threatening words against a woman. Damany Burchall, 32, of Traveller’s Lane, in currently serving a six-month suspended sentence for another mat...
Jan 09, 2014
Other

New life for former St George pub

A new fish restaurant and sports bar will soon be open for business in a landmark location in the heart of St George. Gerald Pascoe, of youth charity Soccer For Friends, has taken out a three-year lease on the former George & Dragon pub on King’s Squ...
Jan 09, 2014
Other

Govt to hold meeting on commercial immigration

The Ministry of Home Affairs is to hold a public meeting on the controversial concept of commercial immigration. Government announced during the Throne Speech last year that it would be exploring the idea as a means of stimulating investment into the...
Jan 09, 2014
Other

Hairdresser admits cannabis importation

A 24-year-old British hairdresser has admitted importing more than a pound of cannabis resin into Bermuda. Guest worker Lauren Davis changed her plea at Magistrates’ Court today after initially denying that she imported $60,000 worth of the drug. She...
Jan 09, 2014
Other

Fairmont Southampton to undergo renovations

The Fairmont Southampton Hotel has begun an $11.5 million renovations to improve guest rooms and suites at the landmark hotel. The first phase of the project is expected to be completed in May with 235 rooms receiving new furniture, fixtures and equi...
Jan 09, 2014
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