Archive for November 1st, 2011

Man Pleads Guilty To Gun Possession

At this morning’s [Nov.1] Supreme Court arraignment session 26-year-old Gladstone Eugene Butterfield pleaded guilty to a charge of possessing a 9mm gun on 25th July 2011, but pleaded not guilty to possessing three rounds of 9mm Winchester ammunition on the same date. His guilty plea was accepted and Chief Justice Ground convicted him on that plea.... Read more of this article

Carnival Apology For Bermuda Cancellations

Carnival Cruise Lines has apologised to Government for failing to notify local tourism officials it was planning to reduce its 2012 Bermuda itinerary. In a statement issued by the Florida-based cruise line Carnival said it had conducted a review to determine why Government was not informed its Bermuda schedule was being cut back from 12 visits to... Read more of this article

Guilty: Sexual Exploitation & Child Pornography

A 47-year-old man – who cannot be named for legal reasons – pleaded guilty to a number of charges involving sexual exploitation of a young person and child pornography at this morning’s [Nov.1] Supreme Court monthly arraignment session. He pleaded guilty to five charges involving the sexual exploitation of a young person as well as a number... Read more of this article

Bermuda Veteran To Head Marsh Division

David Batchelor, a veteran of the Bermuda re/insurance industry, has today [Nov. 1] been appointed head of Marsh’s International Division. The division comprises all of Marsh’s operations outside North America including the Europe; Middle East, Africa [EMEA]; Latin America and Caribbean; Asia; and Pacific regions. Mr. Batchelor, who will... Read more of this article

Tucker & Bather Help Darton Win

An article in the Albany Herald highlighted Bermudian footballers Troy Tucker and Jaylon Bather, who helped their school win a soocer championship. The article starts by saying, “Darton freshman Troy Tucker had scored only two goals all season coming into Sunday’s Region XVII Championship game. But No. 3 sure was a big one.” “Tucker... Read more of this article

Bermuda Firm’s Ties To DC Ethics Scandal

The outgoing Nabors Industries CEO became a lavish donor to causes supported by New York Congressman Charles Rangel after the Democratic legislator “protected” a corporate tax loophole allowing the oil driller to remain a Bermuda company, a leading US pollster and political commentator is reporting. Scott Rasmussen’s “Rasmussen... Read more of this article

Alterra Merges Irish Companies

Bermuda based Alterra Capital Holdings Limited today [Nov.1] announced the merger of its Irish underwriting companies, Alterra Europe plc (“Alterra Europe”) and Alterra Reinsurance Europe plc. Alterra Europe, the surviving entity, will underwrite business from its head office in Dublin, as well as from its branch offices in London and Zurich. W.... Read more of this article

Photos/Video: 2011 MSA Halloween Parade

Double, double toil and trouble, fires burned and cauldrons bubbled at a Hamilton school yesterday — but all in the name of holiday fun [Oct.31]. Dozens of young witches, goblins, princesses and fairies brought smiles to the faces of young and old alike as they paraded at Mount Saint Agnes Academy, keeping alive a longtime Halloween tradition. Costumed... Read more of this article

Team Tuned Motorcycle Racing Review

Team Tuned Motorcycle Racing’s Youth Development Program has completed its fifth consecutive season in Bermuda’s local motorcycle racing championship organized by the Bermuda Motorcycle Racing Club. A statement issued by Team Tuned said, “The dedication shown by both the program’s participants and its sponsors has enabled the... Read more of this article

OneBeacon Unveils New Physicians Policy

OneBeacon Professional Insurance, a member of Bermuda-domiciled OneBeacon Insurance Group, today [Nov. 1] announced that it is expanding its health care offerings to include a stand-alone extended reporting period [ERP] policy for physicians who require claims-made professional liability coverage due to changing employment status or moving from one... Read more of this article

Lancashire Insurance Promotes Fascione

Lancashire Holdings has promoted Simon Fascione to be chief underwriting officer of the company’s Bermuda operation, Lancashire Insurance Company [LICL]. Mr. Fascione has played an instrumental role in the development of LICL’s reinsurance business, and more recently in the launch of Accordion Reinsurance, Lancashire group’s fully... Read more of this article

Analysts Downgrade Endurance Speciality

Bermuda’s Endurance Specialty Holdings was downgraded today [Nov.1] by equities research analysts at Zacks Investment Research from a “neutral” rating to an “underperform” rating in a research note issued to investors. Endurance Specialty Holdings Ltd. is a holding company. Through its operating subsidiaries based in Bermuda, the United... Read more of this article