Archive for April, 2016
Validus 2016 First Quarter Net Income: $166.8M
Bermuda-based Validus Holdings, Ltd. reported net income available to Validus of $166.8 million, or $1.98 per diluted common share, for the three months ended March 31, 2016, compared to $173.4 million, or $1.98 per diluted common share, for the three months ended March 31, 2015. Net operating income available to Validus was $117.4 million, or $1.39... Read more of this article
Minister Responds To Infrastructure Concerns
The Minister of Education Wayne Scott today issued a letter to “primary school parents, teachers and principals to underscore the Ministry’s commitment to address infrastructure problems in public school buildings.” In his letter Minister Scott stated, “When I released the SCORE Report in February 2016, I made a commitment to everyone... Read more of this article
RA Issue Approval: ATN Acquisition Of KeyTech
The Regulatory Authority has today issued its approval of the proposed acquisition of 51% of KeyTech shares by Atlantic Tele Networks Inc. Chief Executive of the Regulatory Authority, Matthew Copeland, commented: “The ATN transaction offers the prospect of significant levels of financial investment into the various businesses and networks owned... Read more of this article
‘Bubble Man’ Will Try Again Despite Warning
Despite the U.S. Coast Guard ordering him not to undertake the journey and stopping his last attempt, Reza Baluchi is apparently still planning to try to travel from Florida to Bermuda in a bubble again next month – according to a report from NBC’s Today. The Coast Guard has already told Mr Baluchi he is “not authorized to depart”... Read more of this article
Court: Man Disqualified/Fined Following Collision
Appearing in Magistrates Court this morning [April 28], a 62-year-old man was disqualified from driving and fined after he admitted causing grievous bodily harm by driving without due care and attention. Mr Hewitt Caines was disqualified from driving all vehicles and fined $1,500 after he admitted causing grievous bodily harm by driving without due... Read more of this article
BTA & NSC Extend Sports Tourism Agreement
The Bermuda Tourism Authority [BTA] and the National Sports Centre [NSC] announced today that they have extended their sports tourism partnership agreement. “An estimated 1,900 sports tourism visitors came to Bermuda in the first quarter of 2016 to play a variety of sports. About half the teams and athletes to visit the Island played or trained... Read more of this article
Court: Man Used Stolen Card To Buy Liquor, Food
Appearing in Magistrates Court this morning [April 28], a 67-year-old man admitted stealing someone’s debit card and using it to obtain cigarettes, liquor, orange juice and food. Granville Gilbert admitted that he stole another man’s wallet and used the debit card that was in the wallet to dishonestly obtain goods from shops. Mr Gilbert used... Read more of this article
Work Underway Today To Address Water Issue
The Ministry of Public Works said they have “determined that the most efficient way to attempt to remedy the level of discoloration in the Prospect area water is to feed the affected area by a different transmission main” and said this work is being completed today. The Ministry said, “Engineers and industrial staff within the Ministry... Read more of this article
Fire Alarm Activated At Airport, Protocols In Place
Emergency personnel can be seen at the airport this afternoon [April 28] and traffic is being restricted in the area, with the protocols being put into place in the “abundance of caution” following the activation of a fire alarm. Police Media Manager Dwayne Caines confirmed that a fire alarm was activated at the airport, and said in the... Read more of this article
Video: Team BDA Set To Begin Training Schedule
Members of Team BDA – Bermuda’s entry into the Red Bull Youth America’s Cup – are gearing up for tough training sessions to get them ship-shape for racing. Between June and September, the Team will be training on the water and off for more than 40 days in gruelling physical drills and technical exercises. These summer sessions will be the first... Read more of this article
Armed Robbery At Gem Cellar On Front Street
[Updated] At sometime around noon today [April 28] there was an armed robbery at a business on Front Street. Further details are limited at this time, however we will update as able. Update 12.16pm: Police Media Manager Dwayne Caines said, “Police are reporting what appears to be an armed robbery that took place at the Gem Cellar on Front Street. “Details... Read more of this article
Regiment Medics Train With JDF Medical Experts
Royal Bermuda Regiment [RBR] first responders got a taste of Jamaican medicine after they joined their Caribbean counterparts at the country’s main military medical centre. The RBR medics teamed up with Jamaican Defence Force [JDF] medical experts for two weeks of intensive training at the main military medical centre at Up Park Camp in the capital... Read more of this article
