Archive for February, 2012

Zacks Retains RenaissanceRe Rating

Zacks investment analysts said a decision by the board of directors of Bermuda’s RenaissanceRe Holdings Ltd to authorised a 3.8% increase in its quarterly dividend had not helped to boost stock prices. The company will now pay a dividend of 27 cents per share, up from 26 cents paid on December, 2011. The shareholders of record March 15, 2012... Read more of this article

UN Committee Attacks ‘Archaic Concept’

Bermuda’s continuing constitutional status as a British Overseas Territory is completely at odds with the modern world the newly elected chair of the Special Committee on Decolonisation at the United Nations has said, calling for new strategies to ensure the “final disappearance of the archaic concept of colonialism”. Speaking after his election... Read more of this article

‘Atlantic’ Spotlights ‘Mr. Happy Man’

The film “Mr. Happy Man” — the story of 88-year-old Johnny Barnes, who spends each morning wishing Bermuda’s commuters well — is spotlighted at “The Atlantic” magazine’s on-line site along with its director Matt Morris. The magazine’s film critic Jason Sondhi selected “Mr. Happy Man”... Read more of this article

Local Educator Offers Success Strategies

While back home, accomplished educator Beth Critchley Charlton will hold a public talk for local teachers, parents and the community at large to share strategies on re-engaging students in the art of learning. The state of public education continues to remain a societal issue in Bermuda, and Mrs. Charlton, daughter of well-known social worker and civil... Read more of this article

OneBeacon Group Closes AutoOne Sale

Bermuda-domiciled OneBeacon Insurance Group, Ltd. announced that it has completed the sale of its AutoOne business to Interboro Holdings, Inc. The transaction, which was announced on August 31, 2011, included AutoOne Insurance Company and AutoOne Select Insurance Company, along with the assets, liabilities — including loss reserves and unearned... Read more of this article

Full Results: 2012 Telford Mile Races

Scores of parents and children alike turned out this afternoon [Feb.25] for the 2012 Telford Electric Magic Mile Races held at the National Sports Center in Devonshire. The popular annual event is open to children from ages 4 and up, and always sees a huge turnout. Makaylie Smith and Kari Virgil won the Girls 4-year-old races, while Daqaio Stewart,... Read more of this article

Photo Slideshow: 2012 Car Show

The City of Hamilton hosted a Car Show this afternoon [Feb.25] on the third level of Bulls Head. Scores of people made their way to the event where local car dealerships had vehicles on display, with car accessory companies also displaying their wares. In addition, a local bank and insurance company were assisting people with their car related inquiries.... Read more of this article

Video: $29 Million Budget For Tourism

$20 million will be spent on marketing and promoting tourism, Business & Tourism Minister Wayne Furbert said at yesterday’s [Feb.24] post-budget press conference. “The Ministry has $38 million to spend,” said Minister Furbert. “$29 million to spend on tourism, $5 million to spend on business development, $3 million on the Registrar... Read more of this article

Air Control Could Gross $25/28 Million

If we bring our airport up to standard the Government could gross between $25 million and $28 million a year in revenue, Transport Minister Derrick Burgess said at yesterday’s [Feb.24] post-budget press conference. The Ministry of Transport has been given a budget of $79.5 million for the coming year, an increase of over $3.2 million from last year.... Read more of this article

Reward: Missing Black Labrador [Found!]

[Update -"Paddle" has been found] A family desperate for the return of their beloved dog “Paddle” is appealing for the community’s assistance, and offering a $500 reward. Paddle is a 7 year old Black Labrador wearing a faded blue and green collar who has been missing since Wednesday. She is a very friendly and approachable dog, the... Read more of this article

Football: Premier & Corona League Results

In a Premier Division match-up last night [Feb.24] at the Devonshire Rec, the Devonshire Cougars walked away with a 3 – 0 victory over the PHC Zebras. The Cougars took a 1 – 0 lead over the Zebras in the 18th minute when Kijaun Franks scored. Five minutes into the second half the Devonshire Cougars doubled the lead when Kwame Steede scored,... Read more of this article

Video: Health Ministry Budget Up 10.9%

The proposed 2012/13 budget for the Ministry of Health is $190.98 million, a 10.9% increase on the base budget from last year, Health Minister Zane Desilva said at yesterday’s [Feb.24] post-budget press conference. All of this increase has been applied to the budget for the Hospital Subsidy, said Minister, with the vast majority of the Ministry’s... Read more of this article