Author Archive: Bernews1

RenaissanceRe Reports Q2 Net Income: $142.3M

Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to RenaissanceRe common shareholders of $142.3 million or $2.75 per diluted common share in the second quarter of 2012, compared to $24.8 million or $0.48 per diluted common share in the second quarter of 2011. Operating income available to RenaissanceRe common shareholders was... Read more of this article

Photos/Video: Motorcade Celebrates Cup Win

[Updated with video] Red and blue flags are waving and horns are beeping this afternoon [Aug 4] as a motorcade full of Somerset fans is making their way from west to east celebrating their victory over St George’s yesterday in Cup Match. They started in Somerset, with the motorcade making its’way to the St George’s Cricket Club,... Read more of this article

Photo Set #1: Second Day Of Cup Match

Somerset ended a ten year drought yesterday [Aug 4] defeating their long time rivals St George’s for the Cup Match title. They last won the Cup back in 2002 in Somerset, before losing it in 2005 at the Wellington Oval. During the Presentation Ceremony Somerset Cricket Club President Alfred Maybury wanted everyone to know that “my baby is back... Read more of this article

Tyrone Smith Finishes 12th In Olympics

[Updated - Smith jumped a 7.7 on his first jump and fouled on his second two attempts to finish 12, Bermuda's highest finish of these Olympic Games so far. Had Smith not have fouled his last jump, he would have likely won a medal.] After leaping a season best 7.97 to finish in 10th place in the qualification round Tyrone Smith is set to compete in... Read more of this article

CATCo Appoints Head Of Investment Operations

Bermuda-based CATCo Investment Management have hired Michael Toyer to the newly created role of Head of Investment Operations which will see him take on responsibility for the CATCo Group of Companies investment operations, including the management of certain external service providers. Mr Toyer has over 9 years of professional accounting experience... Read more of this article

AXIS Capital Reports $113M Q2 Operating Income

Bermuda-based AXIS Capital Holdings Limited reported net income available to common shareholders for the second quarter of 2012 of $168 million, or $1.35 per diluted common share, compared with $101 million, or $0.79 per diluted common share, for the second quarter of 2011. A company spokesperson said, “For the six months ended June 30, 2012,... Read more of this article

Olympics: Jillian Terceira Qualifies For Next Round

[Updated] Bermuda’s Jillian Terceira finished her first round in the show jumping portion of the Olympic Games and has qualified for the next round. Ms Terceira and Bernadien Van Westuur recorded a clear round, but had a time penalty point leaving her tied for 32nd out of 75 competitors. There are 32 people tied for 1st as they finished the... Read more of this article

Olympics: Flora Duffy Crashes, Finishes 45th

[Updated - Duffy was in 23rd place after the swim transition however was involved in a crash and suffered mechanical failure during the cycling and had to stop and fix her bike and dropped to 49th. The 23-year-old managed to get back going and regained four spots to finish 45th. She describes the experience as "heartache".] Bermuda’s Flora Duffy... Read more of this article

Olympic Basketball: Great Britain Lose To France

Bermudian Jenaya Wade-Fray and her Great Britain Women’s Basketball teammates lost 80-77 to France, with the game going into overtime encounter at the Olympic Basketball Arena yesterday [Aug 3]. After sending the game to overtime, the teams were tied at 77-77 with seconds left and France’s Celine Dumerc drained a clutch three point shot... Read more of this article

Photos/Videos: Somerset Fans Celebrate Victory

[Updated] Somerset romped to a convincing victory in the Cup Match Classic this afternoon [Aug 3], winning the coveted title on their home field thrilling the Somerset fans. As it became clear that Somerset would win fans started lining the sides of the field, ready to rush on and celebrate the win. At the Cup Presentation held after the game ended,... Read more of this article

Pedal Cyclist Seriously Injured In Taxi Collision

A 51-year-old pedal cyclist was seriously injured in an accident involving a taxi at approximately 11.30am this morning [Aug 3] on South Road in Smiths. A physician happened to be in the area at the time and helped the cyclist until the ambulance arrived and transported him to hospital. Police spokesperson Dwayne Caines said: “Police responded... Read more of this article

Live Blogging: Somerset Win 2012 Cup Match

[Updating - Somerset are the 2012 Cup Match Champions] The second day of the Cup Match game is expected to get underway soon, with both sides hoping for victory at the Cup Match Classic. Somerset is captained by Jekon Edness and includes Malachi Jones, Janeiro Tucker, Chris Douglas, Kamau Leverock, Greg Maybury, Tre Manders, Derek Brangman, Stephen... Read more of this article