Archive for December, 2012

Validus Estimates Sandy Claims At $333.1M

Bermuda-based Validus Holdings today [Dec 21] provided an initial estimate of the net negative financial impact from Hurricane Sandy. Validus expects to record a net negative financial impact from this event, net of reinstatement premiums and reinsurance, retrocessional and other recoveries in the amount of $333.1 million. This amount is apportioned... Read more of this article

Hickory Stick Owner Denies Using Racial Slur

Following allegations made via email and social media that the owner of Hickory Stick made an offensive and racist comment following the election result, Hickory Stick owner Paul Lawrence said the reports are “entirely false.” There are different versions are going around with the main gist being that the owner of Hickory Stick was overhead... Read more of this article

Photos: Christmas Caroling With Power Girl

Over 50 Christmas Carolers took to the streets of Hamilton last night [Dec 20] spreading Christmas Cheer lead by Power 95 radio personality Patrina “Power Girl” Paynter. They started at the City Hall Christmas Tree and made their way to different restaurants and stores throughout Hamilton with some restaurants encouraging the carolers to come inside... Read more of this article

Today Is Winter Solstice, Not The Apocalypse

Although some people were expecting the end of the world to occur, today [Dec 21] is actually the winter solstice and the first day of winter in the Northern Hemisphere. The December solstice occurs when the sun reaches its most southerly declination of -23.5 degrees. In other words, it is when the North Pole is tilted 23.5 degrees away from the sun. During... Read more of this article

Man Jailed For Sexual Activity On Front Street

Appearing in Magistrates Court this morning [Dec 21], a 30-year-old man was jailed after admitting engaging in sexual activity with another man on Front Street. Kevin Mendonca pleaded guilty to a charge of behaving in an indecent manner in a public place and was sent to prison for ten days. Prosecutor Cindy Clarke told Senior Magistrate Archie Warner... Read more of this article

Bail Increased After Couple Planned To Travel

Husband and wife Robert MacRonald, 41, and Tracey MacRonald, 43, who had each been granted bail of $5,000 after pleading not guilty to drugs charges had their bail increased to as much as $100,000 each. Appearing in Magistrates Court yesterday [Dec 20], The Prosecutor told Senior Magistrate Archie Warner that the $5,000 bail had been set at a Court... Read more of this article

‘No Filter’ Photography Exhibition Tonight

A one day only pop up photography exhibition will be held today [Dec 21] at TQ Gallery located in the Walker Arcade on Reid Street. There will be art, photos, music, live performances, food and drinks. The exhibition is hosted by Jahde Eve, currently a student at NYU who is back home for the Christmas break and will feature work by Mr Eve and some of... Read more of this article

Jr Squash Championships To Get Underway

The 2012 Digicel Bermuda National Junior Squash Championships draws were released by the BSRA today will top seeds D’Vario Thompson and Alex Marshall tipped to take the Under 19 trophies. Over 50 youth players aged 7-18 yrs will take part in the two day event sponsored for the second year running by Digicel Tiye Williams, Bermuda’s highest finisher... Read more of this article

Hundreds Turn Up For Salvation Army Hampers

According to a Salvation Army worker at the Salvation Army Christmas food distribution centre in the Botanical Gardens, over 1,000 hampers were given away yesterday [Dec 20]. The Salvation Army has been distributing food hampers for many years, which consist of redeemable vouchers for turkeys and food as well as a selection of food items and toys.... Read more of this article

Superstorm: Allied World Expect $165M Cost

Bermuda-based Allied World Assurance Company expects to record approximately $165 million in catastrophe related losses in the fourth quarter of 2012 related to Superstorm Sandy which struck the Atlantic coastline of the United States in late October. This amount is pre-tax and net of reinsurance recoverables and reinstatement premiums. President... Read more of this article

BEC: Supports Suspends Permit Term Limits

The Bermuda Employers’ Council [BEC] has congratulated the OBA on winning the election, and said they support the new Government’s initiative to suspend Work Permit Term Limits. A statement from BEC said: “On behalf of our 300 members representing all sectors of the economy, we congratulate the One Bermuda Alliance on becoming the new... Read more of this article