Archive for March 29th, 2010

AXIS Starts American Health & Accident Division

Bermuda based [re]insurance company AXIS Capital Holdings Limited today [Mar 29] announced that it is now actively marketing accident and health insurance coverage in the United States. Insurance products now available from AXIS Global Accident & Health include personal accident and business travel accident for employer groups, affinity groups and... Read more of this article

Charts: Climate Change Effect on Sea Levels

Alarming news about the possibility of a large portion of Bermuda to become submerged were revealed by “The Impact of Climate Change on Bermuda”, written by Dr Anne Glasspool. The following series of diagrams show the impact of a potential sea level rise of 0.59 metres [the upper end of the predictions] and 2 metres, the predicted upper limit possible... Read more of this article

Download: Bermuda Climate Change Report

Scroll down to download the full 190 page report on “The Impact of Climate Change on Bermuda”. The report was written by Dr Anne Glasspool on behalf of the Bermuda National Trust with support from Aspen Insurance Limited. The comprehensive paper covers various aspects of the effect of climate change on Bermuda including; sea level, infrastructure,... Read more of this article

Aspen Insurance: Up to $110 Million for Chile

Bermuda based Aspen Insurance Holdings Limited today announced its preliminary loss estimates for the earthquake which struck off of the southern coast of Chile on February 27, 2010, European Windstorm Xynthia and the Australian hailstorms and floods. Aspen’s preliminary loss estimate for the Chilean earthquake is in the range of $70 million to... Read more of this article

HWP Staff Redundancies: Closing Two Depts

Reliable sources tell Bernews that as of April 30th 2010, local business Holmes Williams and Purvey [HWP] will close down their appliance center ‘Homezone’, resulting in the loss of approximately 7 or 8 jobs. Bernews understands the reason to be lack of revenue. We also understand that their ‘Bermuda Shine’ department may also... Read more of this article

Suspect in James Lawes Murder Released on Bail

The suspect who was arrested in connection with the March 19 murder of James Lawes is no longer in custody, having been released on bail. He has not been named, only confirmed to be a 30 year old Smith’s parish man. The drive by shooting on 26 year old Jamaican national James “Junior” Lawes dead, with 49 year old Bermudian Robin Stovell... Read more of this article

Video: 2 Men Arrested for Jakai Harford Shooting

Police have officially confirmed the arrest of two men in relation to Saturday night shooting of Jakai “Juicy” Harford [who has not officially been confirmed as the victim], and also stated they believe the attack may be gang related. They also revealed that the victim was ambushed while still in the taxi. The two men arrested are 18 and... Read more of this article

Tyler Butterfield: 2nd Place Waikoloa Triathlon

Bermuda’s top triathlete Tyler Butterfield has made an excellent start for his season with a second place finish at the 2010 Waikoloa Triathlon. The race was held yesterday [Mar 28] and consisted of a 1.5K swim, 40K bike and 10K run course at the Waikoloa Beach Resort in Hawaii. The video below is a brief 30 second clip showing Mr Butterfield... Read more of this article

Bermudian Footballer Killed in Dominican Republic

VSB news is reporting that a Bermudian has been killed in the Dominican Republic. 35 year old footballer Richard “Ricky” Tucker was shot at a birthday party in Santo Domingo on Sat March 27th and subsequently died of his injuries. Mr Tucker played as a goalkeeper for the Ireland Rangers football team locally, and had previously played for... Read more of this article