Archive for February 23rd, 2012

Men On Bike Brandish Gun In Hamilton

At around 5.30pm this evening [Feb.23] two men brandished a gun in the area outside the Hamilton Police Station on the corner of Court Street and Victoria Street. A police spokesperson said, “Around 5:30pm on Thursday, February 23rd police responded to a reported firearm incident in the area of Victoria Street and Court Street in Pembroke. “It... Read more of this article

OBA: Police Need Adequate Funds

Opposition Leader and Shadow Minister for National Security Craig Cannonier spoke on the recently released 2011 crime statistics urging Government to give the “funds necessary for our police service to work effectively.” “It is going to be interesting to see where the Government positions the police department in the budget,”... Read more of this article

PLP Respond To OBA’s Leah Scott

The PLP released a statement this afternoon [Feb.23] saying comments made by newly announced OBA candidate Leah Scott were “allegations that have no basis in fact” and that Ms. Scott chose to “sully Bermuda with defamatory insinuations and accusations against the government.” The statement also said that “Ms. Scott and... Read more of this article

11-Yr-Old Boy Injured In Accident

An 11-year-old boy was injured this morning [Feb.23] after being struck by a car while walking on Mount Hill in Pembroke. He was taken to hospital via ambulance for treatment, with his injuries not believed to be life threatening. A police spokesperson said, “Around 8:20am on Thursday February 23rd, police and first responders attended a reported... Read more of this article

Videos: Premier Meets With Unions

[Updated] “Right now we all have to feel the pain,” said Premier Paula Cox after a meeting with various Union officials this morning [Feb.23]. Premier Cox and Deputy Premier Derrick Burgess met with officials from multiple Unions at the BIU building on Union Street to discuss Government’s recent proposal that Government workers take... Read more of this article

Lancashire ‘Cautiously Optimistic’

Bermuda-based insurance underwriter Lancashire Holdings survived one of the most difficult years ever for the insurance industry in 2011 and is “cautiously optimistic” about its prospects in 2012. Lancashire Holdings operates in Bermuda, London and Dubai and is listed on the London Stock Exchange. The company, a constituent of the FTSE 250... Read more of this article

Floatel Wins BP Shetlands Contract

BP announced today [Feb.23] has contracted Bermuda’s Floatel International to provide the accommodation and construction support vessel Floatel Victory for the Clair Ridge development, 41 miles west of Scotland’s Shetland Isles. The charter will start in June 2015 for a firm period of 12 months, with an option for BP to extend the contract.... Read more of this article

Maiden Holdings Declares Dividend

Bermuda’s Maiden Holdings today [Feb.23] announced that its board of directors approved a quarterly cash dividend of $0.08 per share of common stock. The dividend will be payable on April 16, 2012 to shareholders of record as of April 2, 2012. Earlier this week the company declared fourth quarter 2011 net operating earnings of $17.2 million, or... Read more of this article

AXIS: New Chief Information Officer

Bermuda-based AXIS Capital Holdings Limited today [Feb.23] announced the appointment of Koorosh Beigian to the role of Chief Information Officer [CIO] and Executive Vice President. Mr. Beigian will manage AXIS Capital’s global information technology organization. He brings over 25 years of IT experience in the insurance industry to AXIS Capital.... Read more of this article

Best In CNN Report On Race In Football

Barrier-breaking Bermuda footballing legend Clyde Best will be featured on a major CNN report on racism in football. “World Sport Presents: It’s Not Black & White” airs on Friday [Feb. 24] at at 4 p.m. Bermuda time, on Saturday at 12 a.m. and 10 p.m., on Sunday at 7 a.m. and at Monday 4 a.m. The first black player of the modern... Read more of this article

Northern Offshore Reports 2011 Net Loss

Bermuda holding company Northern Offshore, Ltd. today [Feb.23] reported a net loss for the three months ended December 31, 2011 of US$10.7 million, or US$0.07 per diluted share, on revenues of US$33.9 million. For the full year ended December 31, 2011, the net loss was US$3.4 million or US$0.02 per diluted share. The company’s directors have declared... Read more of this article

Creative Community Receives Grants

Bermuda’s creators – the artists, writers, historians, musicians, actors, tradition bearers and folklorists — must be encouraged to continue their work and must also be acknowledged for the very significant role that they play in the community, Minister of Economy, Trade and Industry Patrice Minors said as she announced the recipients... Read more of this article