Archive for April, 2010

Everest Re Dips to 1st Q Loss on Chile Quake

Bermuda-based Everest Re Group Ltd. reported a net loss of $22.7 million after the reinsurer was hit by losses tied to the Chile earthquake and European windstorm. Catastrophe losses were a record $275.6 million, after the company warned last month it expected losses exceeding $200 million from the Chile quake and the European windstorm Xynthia. Everest... Read more of this article

Bermuda Basketball Star To Represent Britain

Bermudian basketball star Jenaya Wade-Fray has been selected as part of the Great Britain national team for the Eurobasket Championships this summer. The Great Britain team will play a number of international matched against Ukraine, Slovak Republic, Germany, Bulgaria, Portugal, Belgium, Holland and Israel. They will be coached by Tom Maher, who lead... Read more of this article

Streets of St Georges Alive With Tourists

The subject of tourism as it relates specifically to St Georges has been a much discussed topic lately. The Old Towne has been hit by the recession with some businesses shutting down in the East End. The first scheduled Market Nights of the 2010 season was cancelled this week as the town’s first cruise ship of the year, the MS Veendam, had to... Read more of this article

Premier Donates $500 to Rise Above Bermuda

Keeping his word made on the social network Facebook, Premier Dr Ewart Brown wrote a personal check for $500 to the community action group Rise Above Bermuda. Earlier this month Dr. Brown was stuck in the UK along with the tourism delegation due to the volcanic ash, which lead to a VSB news report on the “mystery” of his whereabouts. After... Read more of this article

Dunkley: When Politics Preceded Public Safety

[Written by Senator Michael Dunkley, Shadow Minister for Public Safety] New Police Commissioner Michael DeSilva was on television last week announcing steps to combat crime and build public confidence in his officers. The Commissioner announced a raft of hiring initiatives including a dozen UK officers trained in the use of firearms, an assistant commissioner... Read more of this article

Bernews Wins Techweek Best Local Website Award

Bernews is pleased to rather obnoxiously inform our readers that this afternoon we won the Bermuda Government’s Techweek ‘Best Local Website’ award. The awards are designed to showcase the best of local technology, and there were 153 nominees for 14 awards in 2010, a doubling of the 2009 nominees. The awards were presented by special... Read more of this article

BIU Meeting Report: Insurance Premiums

Last night’s BIU organized meeting about health insurance premium raises was attended by about 80 people including Union members, non-union workers, self-employed persons, and business owners. On the panel were; BIU President Chris Furbert, Ed Ball of the BPSU, Gerald Simons of Argus Insurance, John Wight of BF&M Insurance, and Kathy Landy and... Read more of this article

Recap: A Look Back at April 2010

April 2010 will be most remembered for the Easter weekend, a catastrophic three days which shocked Bermuda. The weekend saw a man murdered in broad daylight, three more people shot in two separate incidents, one stabbing and one road traffic fatality. The month also saw a 7 yr old launch a book, the Bermuda Commercial Bank bought, rumors swirl around... Read more of this article

BDA Olympic Hopeful Evans Wins Laser Crown

[written by Talbot Wilson] Bermuda Olympic hopeful Rockal Evans knocked off traditional Bermuda winners Brett Wright and Malcolm Smith as the Laser fleet concluded its racing in Bermuda International Invitational Race Week. Photo Courtesy of Talbot Wilson - The fleet got in all eleven scheduled races. Evans had 17 points. Wright won a tiebreaker with... Read more of this article

Eugene “Penny” Simmons wins IOD A Series

[written by Talbot Wilson] After a stellar performance Bermuda’s IOD world champion Penny Simmons has won the IOD A Series, comprised of the first six races for the class with 6 points. Giles Peckham of Alton UK came second with 10 points. That series was completed on Tuesday. Photo courtesy of Talbot Wilson Racing yesterday [April 29] in the IOD’s,... Read more of this article

Explosion/Oil Spill To Impact Bermuda Reinsurers

Bermuda based reinsurers are expected to be affected by the Gulf of Mexico explosion and subsequent oil spill with three locally based companies [PartnerRe, MontpelierRe, ValidusRe] already predicting combined losses exceeding $100 million. Deepwater Horizon, an offshore drilling rig, exploded on April 20, 2010, and sank two days later, killing 11 people... Read more of this article

Max and Harbor Shareholders Vote To Merge

Max Capital Group Ltd. and Harbor Point Limited, a privately held company announced on April 29 that their respective shareholders have voted in favor of all proposals necessary to consummate the merger of equals of Max and Harbor Point, which was first announced on March 3rd. Completion of the transaction is contingent upon regulatory approvals and... Read more of this article