Archive for October 28th, 2011
Videos: BLTA Junior Open Championships
Yesterday [Oct.27] was day six of the Bermuda Lawn Tennis Association’s Junior Open Tennis Championships and saw a total of seven matches played at the WER Joell Tennis Stadium. In Boy’s 14 Consolation action, Charlie Keyes defeated Dundre Seymour in straight sets 6-1, 6-0, while Shiloh Todd advanced to the Boy’s 18 Finals after he defeated Rickai... Read more of this article
HSBC Spearheads Community Volunteer Week
This afternoon, the Minister of Economy, Trade and Industry Kim Wilson joined HSBC CEO Philip Butterfield to highlight “Community Volunteer Week”, a community service initiative being spearheaded by HSBC in the North East Hamilton Economic Empowerment Zone (NEHEEZ). Pictured below: Minister Wilson joins Mr Butterfield in putting the finishing touches... Read more of this article
Validus “To Increase Transatlantic Offer”
Bermuda’s Validus may submit an increased acquisition offer for Transatlantic Holdings as soon as this weekend, industry journal “Insurance Insider’ is reporting, citing sources. Transatlantic announced on October 11 that it has entered into a confidentiality agreement and commenced discussions with an additional party regarding potential... Read more of this article
It’s “The Great Pumpkin Carver”, Bermuda
Called “The Great Pumpkin Carver” by fans of his Halloween-themed jack-o’-lanterns — who include President Obama, Martha Stewart and Heidi Klum — American artist Ray Villafane was in Bermuda earlier this month to demonstrate how he sculpts his creepy creations. Sousa’s Landscaping Management Co. invited Mr. Villafane... Read more of this article
18-Yr-Old Killed: Police Launch Investigation
[Updated - Police confirm 18-yr-old was killed, and they are treating it as a murder investigation] Bernews unofficially understands the Police have launched an investigation this afternoon [Oct.28] after an incident in the Warwick area. The Police are presently on scene in the Bulkhead Drive area, by Khyber Pass. Details are limited at this time,... Read more of this article
Roban Meets With Telecommunications Carriers
Today the Minister of Environment, Planning and Infrastructure Strategy Walter Roban held a meeting with the Island’s Telecommunications Carriers as well as staff from the Department of Telecommunications regarding upcoming Telecommunications Reform. A statement released by the Ministry said, “In this meeting Minister Roban released both the... Read more of this article
Man Arrested After Queen Street Accident
A 26-year-old man was arrested after being leaving the scene of an accident on Queen Street yesterday afternoon [Oct.27]. A police spokesperson said, “At 12:15 pm on Thursday October 27th, Police responded to a reported road traffic collision on Queen Street in Pembroke between a car and a motorcycle. It appears that both vehicles were travelling... Read more of this article
Two Passengers Die After Bermuda Cruise
Boston police are investigating the deaths of two passengers on a cruise ship which had just returned to the city from a visit to Bermuda. State police and the Federal Bureau of Investigation responded to the Massachusetts city’s Black Falcon Cruise Terminal after the Norwegian Cruise Line ship docked at 6:30 a.m. this morning [Oct. 28]. Police... Read more of this article
Aspen: “Our Diversified Model Is Robust”
Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $22.2 million or $0.23 per diluted share for the third quarter of 2011. Net income included $55 million or $0.75 per diluted share, of net losses resulting from the natural catastrophe events that occurred during the third quarter of 2011 and increases to loss estimates... Read more of this article
Bermuda Company Named In New Madoff Suit
The trustee liquidating Bernard Madoff’s defunct firm sued Somers Dublin Ltd., an Irish affiliate of HSBC Holdings Plc, along with its Bermuda subsidiary seeking $86.4 million. Trustee Irving Picard said he aims to recover “customer property” from companies that invested with Fairfield Sentry Ltd., a so-called feeder fund that placed money in... Read more of this article
Primus Increases Its Securities Buyback
Bermuda’s Primus Guaranty, Ltd. announced today [Oct. 28] that its board of directors has approved an increase of $25 million in its buyback authorisation to repurchase outstanding common shares and 7% Senior Notes due 2036 from time to time in the open market or in privately negotiated transactions at prices and upon terms approved by management.... Read more of this article
Videos/Results: Day #3 Squash Champs
Yesterday [Oct.27] saw Day #3 of the Rubis Divisional Handicap Squash Tournament at the Bermuda Squash Racquets Association Club in Devonshire. In Division One action Patrick Foster defeated Spencer Moss in five sets 11-9, 2-11, 7-11, 11-4, 11-7, while Micah Franklin defeated D’Vario Thompson in five sets 11-9, 9-11, 11-9, 3-11, 11-7. In Division... Read more of this article
