Archive for January 18th, 2011
Platinum Ltd Announces Share Repurchase
Bermuda based Platinum Underwriters Holdings, Ltd. announced yesterday [Jan 18] that it repurchased 1,685,714 of its common shares for approximately $75.1 million during the three months ended December 31, 2010 and an additional 350,000 common shares for approximately $15.9 million during 2011. Platinum also announced that it has entered into an agreement... Read more of this article
Premier, Tourism Minister On Newstead
Following the Newstead Belmont Hills Golf Resort & Spa being placed in receivers’ hands after the Bank of N.T. Butterfield & Son Ltd. called in a multi-million dollar loan, Premier Paula Cox said the paramount concern is for the hotel to be in a position to continue as a going concern. Speaking on the Harbour Road tourism/residential property,... Read more of this article
BELCO Forum on Plant Development Plan
Today [Jan 18] BELCO announced that it will hold a public forum next week, providing the community with the opportunity to view a presentation and participate in a discussion of BELCO’s “New Energy Equation” for Bermuda. The forum will take place Tuesday, 25 January, 6:30-8:00 PM, at Bermuda College in the North Hall Lecture Theatre. On 30 December... Read more of this article
Floods May Impact on Reinsurers Earnings
Insured losses from devastating floods in Australia could top $6 billion — and earnings estimates for Bermuda reinsurers might be jeopardised as a result. In an exclusive report today [Jan.18], international news agency Reuter says the catastrophic Queensland floods in December and earlier this week could push reinsurers into losses greater... Read more of this article
Video: Police Patrol With New T3 Trike
Motorists in the east end today [Jan 18] may have witnessed an unusual sight travelling the streets. The Bermuda Police Service has introduced a new vehicle to their fleet. Bernews caught up with Sgt. Dates as he rode along on the new T3 trike. Sgt. Dates informs us that the Bermuda Police Service has deployed one T3 trike in the east, central and... Read more of this article
Free Download: Collie Buddz New Release
Bermudian reggae artist Collie Buddz today [Jan 18] released his much anticipated new EP “Playback” as a free download. Collie.Buddz, real name Colin Harper, has spent much of the last three years creating new music. Of this release he said: “The EP was entirely written, recorded and engineered in Bermuda with my brother Smokey at Harper... Read more of this article
Man Cleared of Assaulting Officer
A Pembroke man was found guilty of possessing an offensive weapon and violently resisting arrest in Magistrates’ Court today [Jan. 18] — but Troy Smith was cleared of charges of assaulting two Police officers who attended a domestic dispute report at his home. Mr. Smith, 29, was hospitalised with a broken nose and other injuries following... Read more of this article
ICC Officer Andrew Pick to Visit Bermuda
ICC High Performance Officer Andrew (Andy) Pick will be visiting Bermuda January 19 – 24, 2011 to work with Bermuda’s National Teams. Mr Pick is responsible for the management, planning and implementation of a range of programmes aimed at assisting the continued growth, development and improvement of cricket within the 17 Member Countries... Read more of this article
Motorcyclists Flee Scene After Collision
Two people on a motorbike fled the scene after being involved in a collision with a SUV yesterday evening [Jan 17]. A Police spokesperson said: “Around 8:15pm on Monday, Police attended a reported damage only road traffic collision at the junction of North Shore Road and Band Room Lane in Pembroke involving a SUV and a motorcycle. It appears that... Read more of this article
No Fire: Man Fined $1,500 for Pulling Fire Alarm
In Magistrates Court today [Jan 18], before Magistrate Khamisi Tokunbo, 33-year-old Francisco Fagundo pleaded guilty to deliberately setting off the Fire Alarm at the Southampton Princess Hotel when there was no fire. The incident took place on Saturday 7th August 2010. According to the evidence and Mr Fagundo’s personal explanation in Court, he had... Read more of this article
Ashley Yearwood Wins Two Medals in Tennessee
Bermudian swimmer Ashley Yearwood captured two bronze medals at the Nike Swimming Winter Invitational hosted by Baylor Swim Club that concluded yesterday [Jan 17] in Tennessee The teenager won a bronze medal in the Girls 100m Freestyle, clocking 56.72 and then picked up another bronze medal in the girls 50m Freestyle with a time of 25.69. Ashley competed... Read more of this article
Building Peace of Mind for Homeowners
Mason and Associates has teamed up with Freisenbruch-Meyer Group to offer homeowners a unique inspection service aimed at making their homes safer. Under the My Safe Bermuda Home (MSBH) programme local homeowners engage Mason and Associates Ltd., to conduct a four-point insurance inspection focussing on windstorm, fire, flood and home security. The... Read more of this article
