Archive for April 21st, 2011

Lancashire Japan Quake Estimate: $75 Million

Lancashire Holdings Limited today announced that it currently estimates the net impact on its first quarter financial results from the Tohoku earthquake and resulting tsunami will be approximately $75 million. This estimate is based on an industry loss of $25 billion, Lancashire’s own internal assessment and the limited amount of information received... Read more of this article

Bermudians: New England Scholastic Sailing

Bermuda was well represented at this past weekend’s New England Schools Sailing Association’s (NESSA) Fleet racing Championships for the O’Day Trophy. Four Bermudian sailors prepared to battle each other on Sippican Harbor near the Beverley Yacht Club sailing Club 420’s provided by host Tabor Academy. Kelsey Durham and Ryan Powell... Read more of this article

Premier’s Address: Crime, Economy & More

At 8pm this evening [Apr.21] Premier Paula Cox delivered a televised “national address,” in which she spoke about a number of issues including crime, the economy, tourism and more. Some points in her address included: Cabinet will consider legislation making gang membership an offence, there will be no cuts in Minister’s salaries,... Read more of this article

Spray Paint Covers Pembroke Road

Scrawling words in red and blue have recently covered part of Friswells Hill Road, with some of the wording appearing to be in reference to murder victim David Clarke, who was fatally shot on North Shore on April 17th. A section of the road in the area previously contained some spray painted words, however in the past few days the additional graffiti... Read more of this article

24-Yr-Old Charged With Attempted Murder

A 24-year-old Paget man appeared in Magistrates’ Court today [Apr.21], and was charged with attempted murder, as well as firearms offences. Royunde Cyrus Stevens was charged with the attempted murder of a 16 year old male on March 25th, 2011 on Rambling Lane, Pembroke. He was remanded in custody, and will reappear at a later date. The teenager was... Read more of this article

Goldman Sachs Fund Buys New Enstar Stake

Goldman Sachs Group Inc. private equity funds are paying as much as $291.6 million for a stake in the Bermuda-based Enstar Group Ltd., according to a report on the Reuter news service. GS Capital Partners is buying up to a 19.9 percent of Enstar, a Bermuda company which focuses on re/insurance companies and portfolios which are no longer writing new... Read more of this article

Holiday Weekend: “Robust Policing Plan”

The Bermuda Police have said that during the holiday weekend there will be a visible police presence as patrols attend the various community events to provide any needed reassurance to the participants of these events. Last year’s Easter weekend was memorable for all the wrong reasons, as over the 2010 holiday weekend there was one murder, and... Read more of this article

Marsh Plants Bermuda Cedars for Earth Day

Bowring Marsh has planted five Bermuda Cedar trees at Jack’s Pond in the Tivoli Nature Reserve South in Warwick in honour of Earth Day 2011. Maintained by the Bermuda National Trust [BNT], the nature reserve and pond serves as a green oasis for wildlife that the surrounding community can appreciate and access. Jennifer Gray, Executive Director... Read more of this article

BPSU Calls For March On Cabinet Office

Following a meeting held last night [Apr.20] the Bermuda Public Services Union [BPSU] is reported to be calling for all civil servants to march to the Cabinet Office next week Tuesday [Apr.26] at 10am. A flyer which is being emailed around, and has been obtained by Bernews, says the demonstration is to voice the membership’s concerns. The flyer... Read more of this article

Wolves To Host Good Friday Event At Elliot

Wolves Sports Club along with Loyal Hill Association will be having a community funday this Good Friday at the Elliot Primary School. This will be an all day event beggining with a morning service and codfish breakfast at 7:30am. Pastor Eldridge Burrows will be holding a worship service to kick off the event and remind guest of the reason for this holiday.... Read more of this article

NZ Government Backs Troubled Kiwi Insurer

The New Zealand government could face claims costs of as much as $1 billion after stepping in to bail out one of the country’s leading insurers — a firm backed, in part, by Bermuda-based global catastrophe and property re/insurers. AMI Insurance had its capital and reinsurance cover wiped out by the two major earthquakes which rocked... Read more of this article

Smoke Alarm Activated: Building Evacuated

Earlier this morning [Apr.21] the Bermuda Fire & Rescue Service attended a Hamilton office building, and a number of workers were evacuated from building after a smoke alarm was activated. There were no injuries or damage reported, however officials said the occupants were evacuated as a precaution until fire officials could determine the cause. Related... Read more of this article