Archive for January 5th, 2012

Power Outage: 300 Without Electricity

[Updated] At approximately 6:30pm this evening [Jan.5] a power outage occurred in the Smith’s and Devonshire area. A BELCO spokesperson said that approximately 300 customers were without power when the outage occurred, with the majority restored soon after, while 56 customers at St James Court were left without power. BELCO said that crews are... Read more of this article

Premier: Possible Transfer Of Prisoners

Premier Paula Cox expanded on the Government of Bermuda’s submission for the 2012 White Paper on Overseas Territories which proposed a number of things including transfer of prisoners to UK prisons. The submission said, “The transfer of prisoners, based on a level of criminality, to UK prisons under an MOU without any added costs, save for... Read more of this article

Four Teens Charged With Street Brawl

In Plea Court this morning [Jan.5], four teenagers who were allegedly involved in a street fight outside the Magistrates Court and Police building on Court Street appeared to face charges. The four were Sanchea Douglas [16] and Jaquii DeSilva [17] both said to be from Curving Avenue in Pembroke; along with Trey Simons [18] and Deunte Darrell [19] both... Read more of this article

Video: Our Role In Saving Sargasso Sea

Bermuda and its surrounding waters lie within the Sargasso Sea, an enormous mass of water that is driven in a clockwise direction by strong ocean currents. Floating on its surface are large mats of unique seaweed known as Sargassum [pictured], which support a unique variety of marine life. The seaweed — which washes ashore here during winter... Read more of this article

Prime Completes SSAE Examination

Bermuda’s Prime Management Limited, a leading independent hedge fund administrator, announced today [Jan. 5] the successful completion of a Statement on Standards for Attestation Engagements [SSAE] No. 16 Type II examination. This internationally recognised examination developed by the American Institute of Certified Public Accountants, replaces... Read more of this article

Hamilton Christmas Tree Collection

The City of Hamilton today announced that Christmas trees will be collected in the City during the week of January 9. A City of Hamilton spokesperson stated, “Christmas trees must be set out during regular garbage collection times. The trees should not be placed in plastic bags and all ornaments and decorations must be removed.” Related Stories Catlin... Read more of this article

Suspected Stolen Jewellery Recovered

[Updated with photos] A large quantity of suspected stolen jewellery has been recovered after police executed a search warrant in relation to an ongoing investigation. Photos, provided by the police, of some of the jewellery is below. A police spokesperson said, “Detectives investigating the case are encouraging anyone who may have had jewellery... Read more of this article

Phone/Driving Law: 106 Tickets Issued

As of noon today [Jan.5] the Bermuda Police Service said they have issued 106 tickets to people for using a hand-held mobile phone or device while operating a vehicle. The first offence will see the person receive a fine of up to $500, with the fine going up to $1,000 for a third offence. Magistrates also have discretion to order six month driving bans... Read more of this article

Mussenden Chairs FIFA Appeal Panel

A FIFA hearing chaired by former Bermuda Attorney General Larry Mussenden for five officers suspended after accusations of corruption throughout the 2018 and 2022 World Cup bidding competitions got underway yesterday [Jan. 4]. The officers included FIFA executive committee associates Amos Adamu and Reynald Temarii, who have been barred from the December... Read more of this article

Catastrophes Failed To Drive Prices

Reinsurance brokers say despite the fact 2011 was the most expensive year ever for natural disasters, the back-to-back series of catastrophes didn’t drive coverage prices higher across the Bermuda industry or other key players in the global market when policies were renewed on January 1. Reinsurers’ strong capital base meant only insurance policies... Read more of this article

Retail Sales Drop $4.9 Million

Retail sales for the third quarter of 2011 [July, August and September] were estimated at $257.3 million – a $4.9 million decrease when compared to the third quarter of 2010. According to data released this morning [Jan.5] by the Department of Statistics three of the the seven retail sectors recorded increases in sales: service stations, apparel... Read more of this article

Endurance Appoints Mark Boland

Endurance Specialty Holdings Ltd., the Bermuda-based specialty provider of property and casualty insurance and reinsurance, today [Jan.5] announced that Mark Boland has been appointed to lead Endurance’s US wholesale primary casualty insurance operations. Mr. Boland joined Endurance in 2007 and successfully built a property and casualty portfolio... Read more of this article