Archive for April 19th, 2011

Cox Receives 5 Years For Money Laundering

ZBM has reported that 38-year-old Roger Cox received a 5 year prison sentence today [Apr.19] after pleading guilty to money laundering approximately $2.2 million dollars. Mr Cox’s friend Michelle Lindsay received four months for her part in the operation. Last month Roger Vincent Cox, a 38 year old from St. George’s, pleaded guilty to three... Read more of this article

Islamic Insurance: Bermuda’s ‘Clever Play’

A study by Ernst & Young on Islamic insurance — takaful and retakaful — undercores impressive growth in the market and Bermuda’s new emphasis on attracting this business is a shrewd strategic move, says a leading re/insurance trade publication. “Reactions” said today [Apr.18] that Bermuda’s decision to begin... Read more of this article

St. David’s County Cricket Club: Gilbert Lamb Day

This coming Friday [Apr.22], St. David’s County Cricket Club will once again be hosting its annual Gilbert Lamb Family Fun Day on Good Friday. Activities will include the annual Mohawk Grande Prix, kids races, fun castles, food stalls, hot dog eating competitions, go kart and kite competitions and more. Music will be played all day by well known... Read more of this article

Weekend Arrests: 12 DUI & 25 For Warrants

This past weekend 37 people were arrested for either suspicion of drunk driving or outstanding warrants. A Police spokesman said, “During 7am Friday, April 15th – 7am Monday, April 18th there were 12 people arrested on suspicion of impaired driving. Police officers also arrested 25 people for outstanding warrants and conducted 10 liquor license... Read more of this article

Butterfield Bank Employees Donate Blood

Bradley Rowse, Executive Vice President & Chief Financial Officer of The Bank of N.T. Butterfield & Son Limited joined 10 employees from the Bank’s private banking and investment divisions to give blood at the Bermuda Red Cross’ donation centre at King Edward VII Memorial Hospital last week. Nir Sadeh, Butterfield’s Vice President and... Read more of this article

Alterra Capital Ltd. Announces Promotions

Bermuda-based Alterra Capital Holdings Limited today [Apr.19] announced several role changes and promotions which will affect its corporate and reinsurance operations, including the appointments of Greg Richardson as Executive Vice President, Underwriting Strategy and Business Analytics for Alterra, Jed Rhoads as Executive Vice President and Chief Underwriting... Read more of this article

3000m: Bermudian Ranked #1 In Region

The Central American and Caribbean Athletic Federation [CAC] have released their most recent rankings, which shows Bermudian athlete Ashley Berry to be #1 ranked in the 3000 meters. Ms Berry achieved the ranking after her recent record breaking performance in North Carolina, which saw the 19-year-old smash her own Bermuda Junior Record in a time of... Read more of this article

1961: Pan American’s Bermuda Tourism Film

Fifty years ago Bermuda’s tourism industry was arguably at its zenith. By 1961 Bermuda had rebounded from a sharp decline in visitor arrivals which briefly threatened the island’s longstanding dominance as the luxury resort of choice for wealthy North Americans. The introduction of jet airliners in the late 1950s had allowed previously remote... Read more of this article

AXIS Estimates Japan Quake: $285 Million

AXIS Capital Holdings Limited yesterday [Apr.18] estimated that the total net financial impact of the Japan earthquake and tsunami is expected to be $285 million, net of tax, reinsurance recoveries and reinstatement premiums. Losses related to the Japan earthquake and tsunami are expected to primarily impact the reinsurance segment of the Company. The... Read more of this article

Ag Show Video: Sandy The Log Rolling Dog

The Florida-based Paul Bunyan Lumberjack Show performed three show a day for the duration of the three day 2011 Annual Exhibition, with their show featuring chopping, sawing, axe throwing, dragster chainsaw, tree climbing, log rolling, and even log rolling dogs. View all our coverage of the Exhibition here, and watch below as Sandy, a log rolling dog,... Read more of this article

Full Report: 2011 First Quarter Tourism Stats

After three years of first quarter declines, 2011 has started off with visitor arrivals increasing by 5.7% for the first three months of the year, according to statistics released by the Bermuda Government. A total of 31,779 visitors arrived on Bermuda’s shores during this period, an increase from the 30,078 visitors to the island in the first... Read more of this article

Sailing Championship Underway In Chile

The International Optimist Dinghy Association’s (IODA) South American Championship got underway on Sunday in Algarrobo, Chile with 3 races of the 12 race regatta successfully completed. The 162 competitors are divided into six groups, each group rotating after each race. Race day 1 was sunny with temperatures in the low 60′s and the sailors... Read more of this article