Archive for February 9th, 2011

Bermuda Anthology of Poetry Volume II

The Minister of Youth, Families, Sports and Community Development Glenn Blakeney praised the publication of This Poem-Worthy Place: Bermuda Anthology Of Poetry Volume II, at the official book launch at the Bermuda National Gallery held last week. “As the Minister responsible for culture, I am delighted by Bermuda’s literary scene, evidenced by the... Read more of this article

President: ‘Profitable Year For Alterra’

Bermuda re/insurer Alterra Capital Holdings Limited yesterday [Feb. 8] reported net income of $79.7 million, or $0.69 per diluted share, for the fourth quarter of 2010, compared to net income of $62.6 million, or $1.08 per diluted share, for the same quarter of 2009. Alterra, formerly known as Max Capital Group Ltd., was formed on May 12, 2010 by the... Read more of this article

Music Video: Stop the Black on Black Killing

Stop the killing — that’s the message of a new video from local gospel reggae singer Troy Anthony as he continues to pursue his musical mission to try and heal a Bermuda community wounded by a dramatic upsurge in violent crime in recent times. Set to a montage of news clips from the island and overseas, the video for his song “Black... Read more of this article

Man Charged With Unlawful Carnal Knowledge

A 20-year-old man today [Feb 9], faced indictable charges in Magistrates Court involving unlawful carnal knowledge of a girl under 14. One offence of unlawful carnal knowledge was said to have occurred in St George’s on 27th August 2010; the other on a date between 22 – 31 August 2010. The man, who we cannot name nor depict for legal reasons,... Read more of this article

CEO: ‘A Difficult Year For Platinum’

Bermuda-based re/insurance provider Platinum Underwriters Holdings, Ltd. today [Feb. 9] reported a net loss of $17.7 million and a loss per common share of $0.46 for the quarter ended December 31, 2010 and net income of $215.5 million and diluted earnings per common share of $4.78 for the year ended December 31, 2010. The results for the quarter include... Read more of this article

XL Surges Back To Profitability

Bermuda headquartered XL Group PLC yesterday [Feb. 8] posted a fiscal fourth-quarter profit as investment losses plunged and net premiums earned at its core business spiked. The global property and casualty insurer has benefitted from smaller investment losses in recent quarters. In November, Standard & Poor’s Ratings Services lifted its outlook... Read more of this article

Renaissance Re Profits Plunge

RenaissanceRe Holdings Ltd.’s yesterday [Feb. 8] announced fourth-quarter profit dropped 40 percent amid lower revenue, but the Bermuda-based reinsurer’s core earnings increased. The reinsurer had seen core earnings decline in recent quarters. Still, Fitch Ratings upgraded the company by a notch last month, noting its “continued... Read more of this article

Bermuda Beats Cayman By 4 Runs

Bermuda Under 19 National Cricket Team won their first match of the Pepsi ICC Americas Region Under 19 Americas Division 1 Qualifying Tournament, beating the Cayman Islands. The match was played at the Central Broward Regional Park Stadium, and was delayed due to a wet playing surface hence reduced to 41 overs, Bermuda lost the toss and were sent in... Read more of this article

AXIS Fourth Quarter Profits Jump

Driven by higher premiums from both its insurance and reinsurance segments, Bermuda-based AXIS Capital Holdings Ltd. yesterday [Feb. 8] posted a fourth quarter 2010 profit of $264 million, or $1.99 a share, compared with $282 million, or $1.87 cents a share, the previous year. Operating earnings were $187 million, or $1.41 per share, compared with... Read more of this article

2011 Denton Hurdle Memorial Matches

Denton Hurdle Memorial Matches writeup by Ian Henderson. Game 1 – Teachers U16’s vs Renegades U16’s The annual Denton Hurdle Memorial day kicked off with the Under 16’s putting on a fine display of physical and attacking rugby. The Red’s had the better of the early exchanges which was Daniel Nash side step his way over the white wash for... Read more of this article

Retreat to Formulate 2011 Annual Policing Plan

The senior command and management team of the Bermuda Police Service (BPS) recently held a two day retreat to formulate the Annual Policing Plan for 2011. On Thursday 3rd and Friday 4th February all officers ranked Chief Inspector and above, along with senior civilian support staff managers, along with the Bermuda Police Association, making a total... Read more of this article

Proposal for Healthcare for All Residents

Yesterday Health Minister Zane DeSilva unveiled the National Health Plan, which would provide universal access to basic health coverage for all residents, including hospitalization, as well and primary care and prevention. The Minister said: ” Healthcare should not be regarded as a privilege of employment or as welfare for the poor. It MUST be... Read more of this article