Comments on: Re/Insurer Arch Capital Invests In Morgan’s Point

By: Bermuda123

Bermuda123 — Mon, 01 Dec 2014 16:44:20 +0000

Thanks to Arch and the rest of the IB financing group. Much appreciated.

By: Kangoocar

Kangoocar — Mon, 01 Dec 2014 15:33:23 +0000

I guess you missed the Port Royal thing that is just beginning to surface??? I bet there is a few plp members feeling a little nervous about now??? And more to come my friend!!!!

By: Build a Better Bermuda

Build a Better Bermuda — Mon, 01 Dec 2014 14:42:55 +0000

Ask Duane about that.

By: A Better Bermuda

A Better Bermuda — Mon, 01 Dec 2014 14:08:17 +0000

Stability and hope are coming back to Bermuda and bringing in investors. All good news for Bermuda’s future. More jobs, more trickle down economics, more confidence in the island.

By: Triangle Drifter

Triangle Drifter — Mon, 01 Dec 2014 13:57:00 +0000

Sad what some will click ‘dislike’ on.

By: LOLOLOLOLOLOLOLOL

LOLOLOLOLOLOLOLOL — Mon, 01 Dec 2014 13:24:53 +0000

No such thing as unaccounted money. Minister Richards is already on record dismissing that. For proof just read everyhting he has said on the matter since coming into the office.

By: LOLOLOLOLOLOLOLOL

LOLOLOLOLOLOLOLOL — Mon, 01 Dec 2014 13:22:57 +0000

I believe the cost of the cleanup pre 2000 was around the 30m mark. Well, that was the figure that was thrwn around by both sides of the government at the time. Curious to know how that figure has changed over the year though.

By: Jo Blo

Jo Blo — Mon, 01 Dec 2014 12:02:20 +0000

Curious… How did you people manage to make this about OBA/UBP/PLP???

By: Raymond Ray

Raymond Ray — Mon, 01 Dec 2014 11:41:52 +0000

Indeed, it is nice to see…”The journey of a thousand miles begins with the first step”.

By: Onion

Onion — Mon, 01 Dec 2014 11:15:35 +0000

If memory serves they were also supposed to take that $11m and fix the swing bridge but instead spent it elsewhere. 16 years later the swing bridge is still broken.

By: Cost of cleanup ...

Cost of cleanup ... — Mon, 01 Dec 2014 11:14:06 +0000

Rock Watcher, hate to tell you this but $5 million won’t begin to cover the cost of cleanup.

And, for the benefit of Mr Santucci, as others have pointed out, while the bases closed under the UBP the negotiations re cleanup were handled entirely by the PLP. Rather than requiring the US to live up to the law (under US law America was completely responsible for the cleanup, not just there but at the airport as well) the PLP accepted a paltry sum ($11 million) which was intended for repairs to the swing bridge – instead they applied it elsewhere so they could pretend that they had balanced the budget and the bridge still hasn’t been repaired.

By: Lois Frederick

Lois Frederick — Mon, 01 Dec 2014 03:06:37 +0000

Nice to see another sign of confidence in the outlook for Bermuda. Finally things are beginning to slowly turn around. Sounds like there is more good news on its way too. Great to hear.

By: Triangle Drifter

Triangle Drifter — Mon, 01 Dec 2014 02:29:17 +0000

Well, look at that! Two Warwick Academy byes. Congratulations, both of you.

By: Triangle Drifter

Triangle Drifter — Mon, 01 Dec 2014 02:27:25 +0000

The PLP cheerleaders have either very poor or extremely selective memory when it comes to certain issues.

By: Build a Better Bermuda

Build a Better Bermuda — Mon, 01 Dec 2014 00:56:57 +0000

It was the PLP who let the US off the hook for the mess. While the bases lands were closed down during the UBP, it was the PLP who concluded the negotiations that gave the US the all clear, and Bermuda a $30m+ clean up bill… And what did the PLP get for us, $11m for repairs to the bridge that never got done. Nice try deflecting, but this mess lands squarely and solely on the PLP.

By: Kangoocar

Kangoocar — Mon, 01 Dec 2014 00:46:19 +0000

Duane, I dont know who drivels more, YOU or ALVIN???? First off, the U.S. bases were put here in an effort to stop the Germans taking over the world!!!! Secondly the final negations with the U.S. bases pulling out of here was under YOUR plp government!!! Selective memory you seem to be suffering from???? Your plp government accepted I think it was $11 million for the US departure and thought they died and went to heaven with that money!!! We all know now they woke up and realized that was small potatoes and the rest is HISTORY with the now unaccountant for $800 million that hopefully now is being traced to its whereabouts????

By: Commodore Mills Creek Punt Club

Commodore Mills Creek Punt Club — Mon, 01 Dec 2014 00:42:35 +0000

Didn’t you notice? It’s the PLPubp now.

By: Let's Go Bermuda

Let's Go Bermuda — Mon, 01 Dec 2014 00:32:15 +0000

Fantastic news…. Thank you Arch for believing in Bermuda…. Well done Morgans Point Ltd, capital is highly competitive nowadays

By: Duane P Santucci

Duane P Santucci — Mon, 01 Dec 2014 00:26:41 +0000

Yeah your right but you can blame the U.B.P/O.B.A for that mess that should have been dealt with before the bases left and they should have been made to clean up their own mess, or finance the clean up project, no now we get stuck with it among other things, the then, now government did not do.

By: Rock Watcher

Rock Watcher — Sun, 30 Nov 2014 23:54:27 +0000

Good start for sure! That $5m should only just about cover the clean-up of all that
oil that was left there when the base closed!!

By: Jeremy Deacon

Jeremy Deacon — Sun, 30 Nov 2014 23:35:06 +0000

Wow, I feel kind of excited … lol and I never feel excited. This might actually be happening and with the AC coming (?), well ….. wow