Author Archive: Bernews1

Platinum Underwriters Q3 Net Income: $84.9M

Bermuda-based Platinum Underwriters Holdings, Ltd. reported net income of $84.9 million and diluted earnings per common share of $2.54 for the quarter ended September 30, 2012. The results for the quarter include net premiums earned of $138.6 million, net favorable development of $61.3 million, net investment income of $23.2 million and net realized... Read more of this article

RUBiS Squash Tournament Day #1 Results

The 2012 RUBiS Energy Divisional Handicap tournament got underway at the Bermuda Squash Racquets Association Club last night [Oct 17] after the start was delayed by the passing of Hurricane Rafael. Division A Beckett Simmons -34 d Jan Brewer -42 11-1, 9-11, 9-11, 11-7, 11-5 Anthony Fellowes -50 d Tony Muldoon -34 11-6, 3-11, 11-9, 11-9 Nazhir Smith... Read more of this article

Sandys 360 Youth Basketball League Update

The Sandys 360 Youth Basketball League is well underway, with over 40 boys and girls participating. They are learning the various fundamentals of the sport, including passing, dribbling, scoring, and they also have opportunities to play games. A spokesperson said, “Each week, four teams play against each other and at the end of the season, will... Read more of this article

Premier Cox: ‘Move Away From Conscription’

[Updated] Speaking at this evening’s [Oct 17] PLP event at the Ruth Seaton James auditorium, Premier Paula Cox indicated that the election would be held this year, and also said they are “committed” to “move away from mandated conscription.” The Premier did not expand on the conscription topic during her 45-minute speech,... Read more of this article

Developer Seeking Permission To Break Ground

Addax Holdings said they have submitted its first set of “detailed documents” to Planning seeking permission to start construction at the site of the former Club Med, and once they have the permits they aim to start construction in six weeks. The former Club Med hotel closed in 1988, and has not been used as a tourism resort since that... Read more of this article

St. Peter’s Church Commemorative Stamp

The Bermuda Post Office’s Philatelic Bureau has released a commemorative stamp series honouring the 400th Anniversary of St. Peter’s Church. This series consists of four stamps that captures a view of the Clock Tower, the massive 12-branched chandelier against the background of a section of the roof, showing white limestone slate supported by lathe... Read more of this article

Two Cases Of Active Tuberculosis Identified

The Department of Health issued a statement to inform the public that it has identified two cases of active Tuberculosis [TB] on the island, and said one case involves a school aged child. A statement from the Ministry said: “The ‘contact tracing process’ is already underway and will include students in the P3 year at Heron Bay Primary School,... Read more of this article

Report: Unemployment Rate Now At 8%

The Department of Statistics released the 2012 Labour Force Survey Executive Report today [Oct 17], which shows that the overall unemployment rate was 8% in 2012 – compared to 6% in 2010. This report provides findings on employment, underemployment and the unemployed with comparisons for the years 2010 and 2012. The working population declined... Read more of this article

OBA: Government Ordered Ads Removed

[Updated] Shadow Minister for Transportation Pat Gordon-Pamplin has spoken out against the removal of OBA advertising posters from bus shelters calling it an “act of political censorship,” while the PLP said it is “highly inappropriate to have political advertising on government property.” The OBA had purchased the ads through... Read more of this article

AS Cooper’s Harbourside Store Closing

A.S. Cooper & Sons Ltd. will be closing their Harbourside Store located on Front Street effective Feb 1, 2013. Managing Director Somers Cooper informed staff on Tuesday of the decision and said, “Regretfully, the prolonged weak economy has forced us to re-evaluate all of our lines of business and the locations they occupy. This difficult... Read more of this article

Upcoming: Cupcake Challenge Fun Day

The Taste of the Seasons Cupcake Challenge and Fun Day will be taking place on Saturday November 10th at the Prospect Primary School Hall. The fun day is being held from 12.00 noon until 5.00pm and admission is free. Tasting tickets will be on sale for $1. Live entertainment will be on hand along with food vendors and a kiddie land. Tasting tickets... Read more of this article

Bermuda Voted Best Island In Caribbean/Atlantic

Bermuda has once again been voted “Best Island in the Caribbean/Atlantic” by readers of Condé Nast Traveler magazine. The awards appear in the November issue [on newsstands today in New York and Los Angeles] and are derived from the Condé Nast Traveler 25th Annual Readers’ Choice survey. This year a record 46,476 readers participated in... Read more of this article