Archive for May 5th, 2010
Murder: 40 Year Old Man Shot Dead
[Updated] We have unofficial reports that there has been a shooting in the Hamilton Parish area tonight. As of 11:30 pm, the hospital is on lockdown with a number of police cars outside, and the police blocking entry to the door. Tonight [May 5th] has experienced a surge of gun incidents after a one month period of peace, as one hour prior to the shooting... Read more of this article
Somerset Gas Station Robbed At Gunpoint
In what can only be described as a horrific night, just before 9pm tonight [May 5], two young men robbed the Boaz Island Shell gas station in Somerset at gunpoint. This incident came only an hour before a man was fatally shot at the other end of the island. The police say that that two men entered the gas station, one brandishing what appeared to be... Read more of this article
International Business: Co-Incidence Or Not?
In the last few weeks, one international company has announced a move to Switzerland, one to New York, one to Luxembourg and one cancelled a proposed Bermuda corporate restructuring plan in favour of Ireland. Today: Amlin Plc announced it is moving the headquarters of its Bermuda unit to Switzerland, however the company says it remained committed to... Read more of this article
Another Pedestrian Struck By Motor Vehicle
Yesterday, a 59 year old Warwick woman was struck by a taxi while walking across the pedestrian crossing at the junction of Front Street and Parliament Street. The taxi was turning from Front Street on to Parliament Street when the collision occurred. The lady sustained bruising and pain to her body, and was taken to KEMH via ambulance for treatment... Read more of this article
Car Baby Dad: Drunk People Offering Advice
Ian Thompson gave an interview today to the UK press saying it was amazing but terrifying to “deliver your son on the back seat on Bermuda’s busiest street on a Saturday evening while people spilling out of the bars offered advice“, going on to say “passers-by were unbelievably helpful, but mostly drunk“. Mr Thompson... Read more of this article
Amlin To Redomicile to Switzerland, No Jobs Lost
Amlin Plc is moving the headquarters of its Bermuda unit to Switzerland, however the company says it remained committed to Bermuda “as a key operating platform”. Locally, Amlin has 32 employees and the company say they expect that figure to grow as the Bermuda business develops further. Amlin intends to re-domicile its legal carrier Amlin... Read more of this article
Volcanic Ash: Airports Start Closing Again
The volcanic ash that grounded flights for days, including Bermuda flights, has started affecting airline travel again. The volcano has continued to send up fresh clouds of ash, and the westerly winds are carrying this ash into UK airspace. Presently the ash is clouding airspace in Scotland, parts of Ireland, and in the northernmost parts of England. Airspace... Read more of this article
Oil Explosion To Cost XL Capital $30 Million
During the first quarter earnings call, XL Capital Chief Executive Mike McGavick said BP’s Gulf of Mexico explosion and oil spill will cost the company $30 million. Mr McGavick said the $30 million is property damage exposure to the rig itself, and includes $5 million in reinstatement premiums. He prefaced his comments by saying they “deeply... Read more of this article
Democratic Alliance: Supports Concept of Gaming
Craig Cannonier, Leader of the Bermuda Democratic Alliance [BDA] spoke on behalf of the BDA saying “The Alliance supports the concept of gaming in Bermuda, but only in association with legislation that will clearly, fairly and transparently regulate its implementation.“ The BDA do not support all the recommendations in the Green Paper,... Read more of this article
New Program: Highlighting Good News
Bernews is pleased to start a new program specifically designed to bring good news to the forefront. It is an often heard complaint that the media focuses on negative news, so with the support of sponsors we will attempt to combat that perception. We are very pleased to announce the program is underway with our first sponsor being Bermuda Supply. Negative... Read more of this article
Living Links: Alexandrina Hall & Swan Building
[written by Larry Burchall] Living Links appear in unexpected places. Standing on the hillside on the Court Street side of the House of Assembly grounds and looking east, you can see a living link between Bermuda’s heritage and past, and Bermuda’s present and future. On that hillside, looking east, the closest and biggest building that you see is... Read more of this article
Endurance: $55 Million First Quarter Net Income
Endurance Specialty Holdings Ltd, which is headed up by Bermudian David Cash, today reported net income of $55.8 million for the first quarter of 2010, a drop of over $20 million from last year’s first quarter. The $55.8 million [$0.91 per diluted common share] for the first quarter of 2010 compares to net income of $78.3 million [$1.24 per diluted... Read more of this article
