Author Archive: Bernews1

Montpelier Re’s $300 Million Senior Notes

Bermuda-based Montpelier Re Holdings Ltd. announced the pricing of its offering of $300 million in aggregate principal amount of senior notes due 2022. The 2022 Notes will mature on October 15, 2022, will bear interest at a rate of 4.70% per annum and will be issued at 99.682% of par value. The offering is expected to close on October 5, 2012, subject... Read more of this article

Video: Dominique Mayho Returns From France

Bermuda’s Dominique Mahyo has wrapped up his visit to France where he spent two months training with Philippe Mauduit and racing with the club UCC Vivonne. At only 18-years-old, Mayho is already one of the island’s top cyclists and is the winner of the Bermuda National Road Race Championships, the May 24th Sinclair Packwood Memorial Road Race... Read more of this article

25-Yr-Old Man Denies Cocaine Possession

In Plea Court this morning [Oct 3], Vincent J Robinson, 25, pleaded not guilty to a charge of possessing cocaine with intent to supply; and doing so in an Increased Penalty Zone. The allegation arose out of a Police arrest on 1st August near Focus Counseling Services. The Senior Magistrate ordered that Robinson should be remanded into custody until... Read more of this article

Motorcycle Collision: Three Seniors Injured

Three seniors were injured after a motorcycle struck a pedestrian on Middle Road in Devonshire last night. The police said the 72-year-old pedestrian “seemed to be disoriented,” and the pedestrian, the motorcycle rider [72-year-old man] and his pillion passenger [82-year-old woman] were all injured. A police spokesperson said: “Around... Read more of this article

Gesick Joins AXIS As Group Chief Actuary

Eric Gesick has joined Bermuda-based AXIS Capital Holdings Limited in the new position of Group Chief Actuary. Mr. Gesick, who joins the Executive Committee of AXIS Capital in this new role, will lead the Company’s actuarial function and provide review and oversight for all pricing and reserving activities. He will report directly to AXIS Capital... Read more of this article

Tropical Depression Fifteen Forms In Atlantic

A low pressure area over the the Central Tropical Atlantic Ocean has become Tropical Depression Fifteen, the U.S. National Hurricane Center said. Its maximum sustained winds are presently 35 mph, and the system could become a Tropical Storm in the next day or so. The Bermuda Weather Service said the Depression is not a threat to the island, and its... Read more of this article

Photos: Day #2 Of Argo Gold Cup

Lack of wind kicks off the second day in the Argo Gold Cup with Round Robin racing Group 1. As of 9:30am this morning [Oct 3] skippers and crew were still waiting for the breeze to fill in so they can get out on the water. The first day of sailing took place yesterday, and racing continues today with four more Qualifying flights and on Thursday with... Read more of this article

NVCC Defeat PHC, Hornets & Colts Draw

Two football games took place last night [Oct 2] with the North Village Rams defeating the PHC Zebras 2-1, and the St. George’s Colts and Dandy Town Hornets match ending in a draw. North Village Rams 2 – PHC Zebras 1 After a scoreless first half the PHC Zebras went in front in the 47th minute when Ayshaun Smith found the back of the net, eleven... Read more of this article

Oct 25-28: Bermuda Corporate Games

The Bermuda Corporate Games, which will make its inaugural debut for the Atlantic region in Bermuda from October 25-28, 2012, is open to all for the benefit of all and any level of fitness is welcome. The Bermuda Corporate Games is the world’s largest multi-sport festival and has been staged in 25 countries around the world over the past 25 years,... Read more of this article

Bermuda Documentary Film Festival Lineup

Character portraits of the tennis-playing Williams sisters, legendary drummer Ginger Baker, and U.S. President Barack Obama’s half-sister, are among 11 films screening at the expanded Bermuda Documentary Film Festival, October 18-21. Venus and Serena takes us inside the lives of the Williams sisters during a year when debilitating injuries and a life-threatening... Read more of this article

Green Family “We Are In For The Long Haul”

Speaking after his family’s recent purchase of the Fairmont Hamilton Princess, Andrew Green said his family is “in for the long haul,” and he hopes that the hotel will be something his “kids and grandkids” will be involved in years down the road. “We are proud to be bringing this back to Bermudian ownership,”... Read more of this article

Grand Atlantic Condos: One Sold To Date

The Public Works Ministry has confirmed that as of this time, one Grand Atlantic Condo has sold. The Grand Atlantic Development is located in Warwick, and comprises of 60 two bedroom/one bathroom homes and 18 three bedroom/two bathroom homes. Prices range from $495,000 for a 2 bedroom home, up to $665,000 for an ocean view 3 bedroom unit. Six months... Read more of this article