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BTA: Officials Explore Superyacht Opportunities

By bernews.com
Published On :: Wed, 18 Apr 2018 15:44:50 +0000

Officials who put on superyacht racing during the 35th America’s Cup last year are back in Bermuda this week to explore new superyacht opportunities on the island. “The people who put on the Superyacht Regatta and the J Class Regatta during the America’s Cup have been looking for the right opportunity to come back to […]

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Scott: Where Are Fintech Jobs & Opportunities?

By bernews.com
Published On :: Thu, 11 Oct 2018 15:02:19 +0000

The America’s Cup ”brought employment opportunities and significant economic benefits to Bermuda,” OBA Deputy Leader Leah Scott today, before asking “where are the jobs and economic opportunities” from Fintech. She went on to suggest that “Bermuda should request that the Government produce a preliminary economic assessment of the impact Fintech investment has had on our economy […]

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Eight People Arrested For Impaired Driving

By bernews.com
Published On :: Tue, 18 Jun 2019 19:08:46 +0000

Eight motorists were arrested for impaired driving offences over the holiday weekend, the police have confirmed. A police spokesperson said, “Eight motorists were arrested for impaired driving offences over the National Heroes’ Day holiday weekend, with road sobriety checkpoints conducted in six parishes from the evening of Thursday, June 13th until the evening of Sunday, […]

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Road Sobriety Checkpoints In Six Parishes

By bernews.com
Published On :: Fri, 28 Jun 2019 11:21:15 +0000

The police will be conducting road sobriety checkpoints from Friday, July 5th to Sunday, July 7th,  in Hamilton parish, Devonshire, Pembroke, Paget, Warwick and Southampton. A police spokesperson said, “The Bermuda Police Service would like to advise the public that the next series of road sobriety checkpoints [as specified in the Official Gazette Notice Thursday, […]

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Three People Arrested For Impaired Driving

By bernews.com
Published On :: Mon, 08 Jul 2019 15:27:53 +0000

Three people were arrested for impaired driving from Friday evening [July 5] until Sunday evening [July 7]. A police spokesperson said, “Three motorists were arrested for impaired driving offences over the weekend, with road sobriety checkpoints conducted in six parishes from the evening of Friday, July 5th until the evening of Sunday, July 7th. “There […]

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Road Sobriety Checkpoints In Six Parishes

By bernews.com
Published On :: Thu, 11 Jul 2019 23:32:06 +0000

According to today’s Official Notices, the Bermuda Police Service will be conducting road sobriety checkpoints from Friday, July 19th to Sunday, July 21st, with the checkpoints set to take place in Hamilton parish, Devonshire, Pembroke, Paget, Warwick and Southampton. The full Road Sobriety Checkpoint Notice 2019 follows below [PDF here]: Related Stories Road Sobriety Checkpoints In Seven […]

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Driver Arrested Following Paget Two Car Collision

By bernews.com
Published On :: Sun, 14 Jul 2019 07:22:42 +0000

[Updated] A man was arrested on suspicion of impaired driving early this morning [July 14] following a two car collision on South Road in Paget which resulted in another man being injured and transported to King Edward Memorial Hospital. Police spokesperson Robin Simmons said, “Around 2:40am Sunday, July 14th a two car collision occurred on […]

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58-Year-Old Man Stable In ICU After Collision

By bernews.com
Published On :: Mon, 15 Jul 2019 16:46:21 +0000

A 58-year-old man is listed in stable condition in the hospital’s ICU after a collision in Paget yesterday [July 14], while a 32-year-old man was treated for his injuries and later arrested on suspicion of impaired driving. A police spokesperson said, “At last check this morning [July 15th] the 58-year-old male driver injured in a […]

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Road Sobriety Checkpoints From July 19 – 21

By bernews.com
Published On :: Tue, 16 Jul 2019 00:00:09 +0000

The police will be conducting road sobriety checkpoints from Friday, July 19th to Sunday, July 21st, set to take place in Hamilton parish, Devonshire, Pembroke, Paget, Warwick and Southampton. A police spokesperson said, “The Bermuda Police Service would like to advise the public that the next series of road sobriety checkpoints [as specified in the […]

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Injured Rider Treated Then Arrested After Crash

By bernews.com
Published On :: Mon, 22 Jul 2019 20:12:49 +0000

A 38-year-old man injured in a motorcycle crash on Sunday [July 21] in Paget was treated and discharged from the hospital, then arrested on suspicion of impaired driving. A police spokesperson said, “Around 9:15pm Sunday, July 21st a reported single vehicle motorcycle crash occurred on South Road in Paget near the junction with Cataract Hill. […]

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Road Sobriety Checkpoints During Cup Match

By bernews.com
Published On :: Thu, 25 Jul 2019 17:37:20 +0000

According to the official Government notices, the police will be conducting road sobriety checkpoints from Thursday, August 1st to Sunday, August 4th, set to take place in St. George, Hamilton, Smith’s, Devonshire, Pembroke, Paget, Warwick and Southampton. The full Road Sobriety Checkpoint Notice 2019 follows below [PDF here]: Related Stories Road Sobriety Checkpoints In Seven Parishes […]

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Road Sobriety Checkpoints From August 1 – 4

By bernews.com
Published On :: Tue, 30 Jul 2019 10:00:39 +0000

The Police are advising the public that there will be road sobriety checkpoints in eight parishes from August 1st to August 4th. A police spokesperson said, “The Bermuda Police Service would like to advise the public that the next series of road sobriety checkpoints [as specified in the Official Gazette Notice Wednesday, July 24th] will […]

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Ten Arrested On Suspicion Of Impaired Driving

By bernews.com
Published On :: Mon, 05 Aug 2019 21:52:46 +0000

Ten motorists were arrested on suspicion of impaired driving during the past holiday weekend. A police spokesperson said, “Ten motorists were arrested on suspicion of impaired driving over the Cup Match holiday weekend, with road sobriety checkpoints conducted in eight parishes from the evening of Thursday, August 1st until the evening of Sunday, August 4th. […]

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Road Sobriety Checkpoints From Aug 30 – Sept 2

By bernews.com
Published On :: Thu, 22 Aug 2019 13:09:03 +0000

According to the official Government notices, the police will be conducting road sobriety checkpoints from Friday, August 30th to Monday,  September 2nd, set to take place in Smiths, Hamilton parish, Devonshire, Pembroke, Paget, Warwick and Southampton. The full Road Sobriety Checkpoint Notice 2019 follows below [PDF here]: Related Stories Road Sobriety Checkpoints In Seven Parishes Road Sobriety Checkpoints In Seven Parishes Road […]

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Road Sobriety Checkpoints In Six Parishes

By bernews.com
Published On :: Tue, 27 Aug 2019 09:28:41 +0000

Road sobriety checkpoints will be conducted in Hamilton parish, Smith’s parish, Devonshire, Pembroke, Paget, Warwick and Southampton throughout Labour Day holiday weekend, starting Friday [Aug 30]. A police spokesperson said, “The Bermuda Police Service would like to advise the public that the next series of road sobriety checkpoints [as specified in the Official Gazette Notice […]

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Two People Arrested Following Separate Crashes

By bernews.com
Published On :: Wed, 04 Sep 2019 20:39:47 +0000

A 45-year-old Pembroke man was arrested on suspicion of causing injury by careless driving, while a 63-year-old Southampton man was arrested on suspicion of impaired driving following two separate collisions yesterday [Sept 3]. Reported Three Vehicle Collision on North Shore Road in Devonshire A police spokesperson said, “Around 5:50pm Tuesday, September 3rd a reported three […]

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Road Sobriety Checkpoints In Seven Parishes

By bernews.com
Published On :: Thu, 28 Nov 2019 17:24:58 +0000

[Updated] Road sobriety checkpoints will be conducted in Hamilton parish, Smith’s parish, Devonshire, Pembroke, Paget, Warwick, and Southampton starting on Friday, December 6th. A police spokesperson said, “The Bermuda Police Service would like to advise the public that the next series of road sobriety checkpoints [as specified in the Official Gazette Notice Wednesday, November 27th] […]

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Minister Caines On Roadside Sobriety Checks

By bernews.com
Published On :: Fri, 29 Nov 2019 20:05:17 +0000

In a “country where one of the leading causes of premature death is road traffic collisions,” roadside sobriety checks are a “necessary inconvenience,” Minister of National Security Wayne Caines said. Speaking in the House of Assembly today [Nov 29], the Minister said, “I want to highlight some of the road traffic collision data over the […]

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Driver Arrested After Collision On Causeway

By bernews.com
Published On :: Sat, 07 Dec 2019 12:50:32 +0000

The driver of a car involved in an early morning collision with a truck on the Causeway on Friday [Dec 6] was arrested on suspicion of driving whilst impaired. A police spokesperson said, “The incident occurred at around 6:30am, when a car driven west on the causeway by a female occupant, collided with a truck […]

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Road Sobriety Checkpoints In Seven Parishes

By bernews.com
Published On :: Mon, 09 Dec 2019 16:16:43 +0000

Road sobriety checkpoints will be conducted in Hamilton parish, Smith’s parish, Devonshire, Pembroke, Paget, Warwick, and Southampton starting on Friday, December 13th. A police spokesperson said, “The Bermuda Police Service would like to advise the public that the next series of road sobriety checkpoints [as specified in the Official Gazette Notice Thursday, December 5th] will […]

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Ten People Arrested For Impaired Driving

By bernews.com
Published On :: Mon, 09 Dec 2019 16:18:49 +0000

Ten people were arrested for impaired driving from Friday evening [Dec 6] until Sunday evening [Dec 8]. A police spokesperson said, “Ten motorists were arrested on suspicion of impaired driving over the weekend, with road sobriety checkpoints conducted in seven parishes from the evening of Friday, December 6th until the evening of Sunday, December 8th. […]

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Eight People Arrested For Impaired Driving

By bernews.com
Published On :: Mon, 16 Dec 2019 21:01:27 +0000

Eight people were arrested for impaired driving from Friday evening [Dec 13] until Sunday evening [Dec 15]. A police spokesperson said, “Eight motorists were arrested on suspicion of impaired driving over the weekend, with road sobriety checkpoints conducted in seven parishes from the evening of Friday, December 13th until the evening of Sunday, December 15th. […]

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Road Sobriety Checkpoints Over Holiday Season

By bernews.com
Published On :: Fri, 20 Dec 2019 23:17:52 +0000

According to the official Government notices, the police will be conducting road sobriety checkpoints from Thursday, December 26th to Wednesday, January 1st, set to take place in Hamilton parish, Smith’s, Devonshire, Pembroke, Paget, Warwick and Southampton. The full Road Sobriety Checkpoint Notice 2019 follows below [PDF here]: Related Stories Road Sobriety Checkpoints In Seven Parishes Road Sobriety Checkpoints In Seven Parishes […]

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Road Sobriety Checkpoints To Start Tonight

By bernews.com
Published On :: Thu, 26 Dec 2019 14:24:38 +0000

According to the official Government notices, the police will be conducting road sobriety checkpoints starting today [Dec 26] and continuing until Wednesday, January 1st, with the checkpoints set to take place in Hamilton parish, Smith’s, Devonshire, Pembroke, Paget, Warwick and Southampton. The full Road Sobriety Checkpoint Notice 2019 follows below [PDF here]: Related Stories Road Sobriety Checkpoints In Seven […]

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Thirteen People Arrested For Impaired Driving

By bernews.com
Published On :: Mon, 06 Jan 2020 16:35:36 +0000

Thirteen people were arrested for impaired driving from Thursday evening [Dec 26] until Wednesday evening [Jan 1]. A police spokesperson said, “A total of 13 motorists were arrested on suspicion of impaired driving from the evening of Thursday, December 26th 2019 [Boxing Day] until the evening of Wednesday, January 1st 2020 [New Year’s Day] as […]

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Road Sobriety Checkpoints In Seven Parishes

By bernews.com
Published On :: Wed, 15 Jan 2020 23:55:05 +0000

According to today’s Official Notices, the Bermuda Police Service will be conducting road sobriety checkpoints from Friday, January 24th to Sunday, January 26th, with the checkpoints set to take place in Hamilton parish, Smiths, Devonshire, Pembroke, Paget, Warwick and Southampton. The full Road Sobriety Checkpoint Notice 2020 follows below [PDF here]: Related Stories Road Sobriety Checkpoints In […]

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Road Sobriety Checkpoints From Jan 24 – 26

By bernews.com
Published On :: Sun, 19 Jan 2020 22:22:33 +0000

Road sobriety checkpoints will be conducted in Hamilton parish, Smiths, Devonshire, Pembroke, Paget, Warwick, and Southampton starting on Friday, January 24th. A police spokesperson said, “The Bermuda Police Service would like to advise the public that the next series of road sobriety checkpoints [as specified in the Official Gazette Notice Wednesday, January 15th] will be […]

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Three People Arrested For Impaired Driving

By bernews.com
Published On :: Mon, 27 Jan 2020 15:29:05 +0000

Three people were arrested on suspicion of impaired driving from Friday evening [Jan 24] until Sunday evening [Jan 26]. A police spokesperson said, “Three motorists were arrested on suspicion of impaired driving from the evening of Friday, January 24th until the evening of Sunday, January 26th, with road sobriety checkpoints conducted in seven parishes [Hamilton parish, Smith’s […]

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Road Sobriety Checkpoints In Seven Parishes

By bernews.com
Published On :: Thu, 20 Feb 2020 23:35:09 +0000

According to yesterday’s Official Notices, the Bermuda Police Service will be conducting road sobriety checkpoints from Friday, February 28th to Sunday, March 1st, with the checkpoints set to take place in Hamilton parish, Smiths, Devonshire, Pembroke, Paget, Warwick and Southampton. The full Road Sobriety Checkpoint Notice 2020 follows below [PDF here]: Related Stories Road Sobriety Checkpoints […]

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Road Sobriety Checkpoints Start On Feb 28th

By bernews.com
Published On :: Mon, 24 Feb 2020 12:43:02 +0000

Road sobriety checkpoints will be conducted in seven parishes from Friday, February 28th to Sunday, March 1st. A police spokesperson said, “The Bermuda Police Service would like to advise the public that the next series of road sobriety checkpoints [as specified in the Official Gazette Notice Wednesday, February 19th] will be conducted starting Friday, February […]

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Road Sobriety Checkpoints In Seven Parishes

By bernews.com
Published On :: Thu, 12 Mar 2020 11:18:18 +0000

According to the Official Notices, the Bermuda Police Service will be conducting road sobriety checkpoints from Friday, March 20th to Sunday, March 22nd, with the checkpoints set to take place in Hamilton parish, Smiths, Devonshire, Pembroke, Paget, Warwick and Southampton. The full Road Sobriety Checkpoint Notice 2020 follows below [PDF here]: Related Stories Road Sobriety Checkpoints […]

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Police Remind Public: Don’t Drink & Drive

By bernews.com
Published On :: Fri, 01 May 2020 17:18:00 +0000

With people expected to be in a “celebratory mood” tomorrow [May 2] as the ‘Shelter in Place’ order expires, the Bermuda Police Service is reminding those who intend to consume alcohol not to get behind the wheel of a vehicle or ride a bike. A police spokesperson said, “With the lifting of the Shelter in […]

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Monument Re Completes Acquisition Of Nordben

By bernews.com
Published On :: Mon, 01 Jul 2019 09:46:30 +0000

Monument Re has completed the acquisition of Nordben Life and Pension Insurance Co. Limited [Nordben] from BenCo Insurance Holding B.V., following receipt of regulatory approval from the Guernsey Financial Services Commission [GFSC]. Manfred Maske, CEO of Monument Re Group, said: “The completion of this transaction positions the Monument Group well in executing its strategy in […]

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Butterfield Complete Acquisition Of ABN AMRO

By bernews.com
Published On :: Mon, 15 Jul 2019 13:14:15 +0000

The Bank of Butterfield has completed the acquisition of ABN AMRO [Channel Islands] Limited [ABN AMRO CI], the Channel Islands-based banking subsidiary of ABN AMRO Bank N.V., following receipt of all regulatory approvals. Effective today, ABN AMRO CI has been renamed Butterfield Bank [Channel Islands] Limited [BBCI]. Over the next 12 months, Butterfield anticipates that BBCI […]

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Minimax Takes Over Island Shippers Client Base

By bernews.com
Published On :: Mon, 15 Jul 2019 19:00:05 +0000

Minimax Forwarders Limited has taken over the small package delivery and shipping client base of Island Shippers Ltd. A spokesperson said, “Effective immediately, Minimax Forwarders Limited has taken over the small package delivery and shipping client base of Island Shippers Ltd. There will be no interruption in service to Island Shipper’s clients, and MiniMax will […]

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Arch Capital To Acquire Barbican Group Holdings

By bernews.com
Published On :: Fri, 02 Aug 2019 10:00:09 +0000

Arch Capital Group Ltd. has entered into an agreement to purchase Barbican Group Holdings Limited from funds managed by Carlson Capital, a U.S.-based alternative asset management firm, subject to regulatory approval. The acquisition includes Barbican Managing Agency Limited, Lloyd’s Syndicate 1955, Lloyd’s Syndicate 1856 [Arcus], Lloyd’s Special Purpose Arrangement [SPA] 6132, Castel Underwriting Agencies Limited […]

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Assured Guaranty To Acquire BlueMountain

By bernews.com
Published On :: Sat, 10 Aug 2019 12:00:12 +0000

Assured Guaranty – a publicly traded Bermuda-based holding company — has entered into an agreement to purchase all of the outstanding equity interests in BlueMountain Capital Management, LLC  and its associated entities for a purchase price of approximately $160 million, subject to certain adjustments. BlueMountain is an alternative asset management firm with $19.3 billion in assets […]

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Arch To Acquire Ventus Risk Management

By bernews.com
Published On :: Fri, 16 Aug 2019 09:26:39 +0000

Arch Insurance North America [Arch] announced it has entered into a definitive agreement to acquire Ventus Risk Management [Ventus], a technology and analytics-driven managing general underwriter [MGU] that specializes in providing coastal commercial property insurance solutions to small and mid-sized enterprises. Ventus was founded in 2016, with the aim of using its proprietary technology to […]

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Monument Re Completes Acquisition Of Inora Life

By bernews.com
Published On :: Tue, 24 Sep 2019 09:38:30 +0000

Monument Re announced that it has, through its European subsidiary Laguna Life d.a.c, completed the acquisition of Inora Life DAC from Societe Generale following receipt of regulatory approval from the Central Bank of Ireland. Monument Re Limited is a Class E reinsurer and Holding Company subject to Group Supervision by the Bermuda Monetary Authority. Monument […]

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Artex To Acquire Horseshoe Insurance

By bernews.com
Published On :: Fri, 04 Oct 2019 12:03:48 +0000

Artex Risk Solutions announced that it has reached agreement to acquire Horseshoe Insurance Services Holdings Ltd., significantly strengthening its insurance-linked securities [ILS] operations. The transaction is subject to regulatory approval and expected to complete before the end of the year. Horseshoe specializes in providing insurance management, fund administration, advisory and corporate services to insurance-linked securities […]

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Artex Completes Purchase: Horseshoe Insurance

By bernews.com
Published On :: Tue, 19 Nov 2019 10:55:24 +0000

Artex Risk Solutions has completed the purchase of Horseshoe Insurance Services Holdings Ltd, saying “this acquisition significantly strengthens its insurance-linked securities [ILS] operations and furthers the company’s goal to become the best service provider to the world’s risk capital.” “Horseshoe will become the global brand of ILS services for Artex, which will operate as one […]

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Carlyle Group, T&D Acquire 76% Of Fortitude

By bernews.com
Published On :: Fri, 29 Nov 2019 14:32:58 +0000

American International Group, Inc., The Carlyle Group and T&D Holdings announced that a newly created Carlyle-managed fund, together with T&D, have partnered to acquire from AIG a 76.6 percent ownership interest in Fortitude Group Holdings, whose group companies operate as Fortitude Re, for approximately $1.8 billion. “After closing, ownership interests in Fortitude Re will include […]

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Monument Re Acquires Cattolica Life

By bernews.com
Published On :: Thu, 12 Dec 2019 10:20:20 +0000

Monument Re announced that, subject to regulatory approval, it has acquired Cattolica Life DAC from Cattolica Assicurazioni. Cattolica Life is a life insurer domiciled in Ireland which ceased new activity since 2017. The transaction will have no impact on Cattolica Life DAC clients and policyholders. Change of control of the company will follow satisfaction of […]

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Randall & Quilter Acquires Barbados Insurer

By bernews.com
Published On :: Thu, 02 Jan 2020 12:38:10 +0000

Randall & Quilter Investment Holdings Ltd. [R&Q] announced that its wholly-owned subsidiary R&Q Re [Bermuda] Limited has completed the acquisition of the Barbados insurer, Distinguished Re Ltd, formerly known as the Saranac Insurance Company, Ltd., a wholly owned subsidiary of Distinguished LLC. A spokesperson said, “Distinguished Re participated as a reinsurer of the capacity providers on […]

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IGI Receives Approval For Tiberius Deal

By bernews.com
Published On :: Fri, 31 Jan 2020 11:40:14 +0000

International General Insurance Holdings Ltd. [IGI] announced that it has received regulatory approval from the Bermuda Monetary Authority in connection with its previously announced business combination with Tiberius Acquisition Corp. [Tiberius],  a publicly traded special purpose acquisition company. A spokesperson said, “This approval, received on January 28, 2020, is one of necessary steps towards successfully completing […]

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Ocorian And Estera Announce Merger

By bernews.com
Published On :: Mon, 10 Feb 2020 13:43:52 +0000

With the aim to “create a global leader in corporate and fiduciary services, fund administration and capital markets”, Ocorian and Estera announced that they will merge, with the enlarged business operating under the Ocorian name. A spokesperson said, “We are delighted to announce the combination of the Ocorian and Estera businesses to create a global […]

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EXOR In ‘Discussions’ Over Possible Acquisition

By bernews.com
Published On :: Tue, 11 Feb 2020 14:41:29 +0000

EXOR has confirmed that it has “entered into exclusive discussions” regarding a possible acquisition of PartnerRe. A statement on their website said, “EXOR confirms that it has entered into exclusive discussions with Covéa regarding a possible all-cash acquisition of PartnerRe. “These discussions are ongoing and there is no certainty that they will result in a […]

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Arch Intends To Obtain Majority Stake In PMAP

By bernews.com
Published On :: Sun, 16 Feb 2020 11:00:46 +0000

Arch Reinsurance has entered into an agreement in principle to obtain a majority stake in Precision Marketing Asia Pacific [PMAP]. The company said, “Arch Reinsurance [Arch Re], a wholly owned subsidiary of Arch Capital Group Ltd., has announced that it has entered into an agreement in principle to obtain a majority stake in Precision Marketing Asia […]

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Covéa Set To Buy PartnerRe In $9 Billion Deal

By bernews.com
Published On :: Thu, 05 Mar 2020 11:15:44 +0000

EXOR has entered into an MoU with French insurer Covéa in which they will acquire Bermuda-based reinsurer PartnerRe for a “total cash consideration of $9.0 billion plus a cash dividend of $50 million. The company said, “EXOR, one of Europe’s largest, diversified family-controlled holding companies, announces that it has entered into a Memorandum of Understanding […]

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Multi-Strat Enters Agreement With Canopius

By bernews.com
Published On :: Tue, 17 Mar 2020 09:44:10 +0000

Multi-Strat Holdings said they are pleased to announce a majority acquisition of the company by Canopius Group Limited [Canopius]. “Canopius is a global specialty [re]insurer headquartered in London. One of the top five businesses at Lloyd’s, Canopius writes in excess of $2bn premium annually. The Group is domiciled in Jersey and operates in the UK, […]

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