Archive for August 1st, 2011
First Interception Of “Drug Sub” In Caribbean Sea
The U.S. Coast Guard confirmed today [Aug.1] that they intercepted their first drug smuggling submarine in Caribbean waters, and have recovered $180 million worth of drugs from the ‘drug sub’. The submarine was seized well away from Bermuda – off the Honduran coast – however it marks the first time a drug smuggling submarine... Read more of this article
Botein Steps Down From Aspen’s Board
Matthew B. Botein has stepped down from the Board of Directors of Aspen Insurance Holdings Limited. Mr. Botein, who is Managing Director and Head of BlackRock Alternative Investors, has decided to step down due to increased professional commitments at BlackRock. Mr. Botein was a Director of Aspen representing the interests of Blackstone, a founding... Read more of this article
Everest Re Q2 Net Income: $131.1 Million
Bermuda based Everest Re Group reported their second quarter net income was $131.3 million, a drop from the $156.7 million, for the same period last year.” A statement from the Company said, “second quarter 2011 after-tax operating income which excludes net realized capital gains and losses, of $134.0 million, or $2.46 per diluted common... Read more of this article
John Barritt’s Final Speech As Opposition Leader
With the closing of Parliament for summer break, Leader of the One Bermuda Alliance [OBA] John Barritt has delivered his final speech before the legislature as Opposition Leader, and possibly his final speech in the House as an MP. On May 17, 2011 at the press conference launching the OBA, Mr. Barritt indicated that he would serve as leader of the fledgling... Read more of this article
Tributes Paid To 24-Yr-Old Aaron Edness
[Updated] The Bermuda Police Service yesterday [July 31] confirmed the death of 24-year-old Aaron Christopher Edness, a father of one who served as a Regiment Corporal and worked as a bouncer at The Beach on Front Street. The statement said “Police can now confirm the death of 24 year old Aaron Edness who died on Friday July 29th.” “Circumstances... Read more of this article
Photo Set #2: 2011 Non-Mariners Race
Numerous locals made their way west by both land and sea for the annual Non-Mariners Race took place at Mangrove Bay in Sandys Parish yesterday [July 31] There were three “boats” entered in this years event; the ‘Non-Government Bus’ sank at the very start of the race leaving the ‘sailors’ to scramble to bring the ‘boat’... Read more of this article
