Author Archive: Bernews1

Platinum Underwriters Report Q2 Results

Bermuda-based Platinum Underwriters Holdings, Ltd.reported net income of $67.5 million and diluted earnings per common share of $1.97 for the quarter ended June 30, 2012. The results for the quarter include net premiums earned of $145.1 million, net favorable development of$23.2 million, net investment income of $26.2 million and net realized... Read more of this article

Video: Miss Bermuda Departs For China

Miss Bermuda Rochelle Minors departed Bermuda this evening [July 18], heading to China where she will represent the island in the 2012 Miss World Pageant. The Pageant finals are being held in Inner Mongolia, China on August 18, with a host of events being held before the final day of competition. 120 nations are expected to send representatives to the... Read more of this article

Odyssey Marine Recovers 48 Tons Of Silver

U.S. based Odyssey Marine Exploration, co-founded by former Bermuda Premier Dr. David Saul, announced that it has successfully recovered approximately 48 tons of silver bullion from a depth of approximately three miles in waters off the south west coast of the Republic of Ireland. Some of the silver recovered: This initial recovery of bullion from... Read more of this article

Front Street Parking Restrictions Instituted

The City of Hamilton today [July 18] said that parking restrictions have been instituted on Front Street between Court and King Streets. Chief Operating Officer and Secretary for the City of Hamilton, Mr. Edward Benevides, stated, “As a result of the implementation of traffic lights at the intersection of Court and Front Streets, parking changes have... Read more of this article

‘Goal Is To Expand Islamic Finance Opportunities’

This past week, the Premier and Minister of Finance, Paula Cox, led a delegation to London to continue efforts to strengthen Bermuda’s relations with member countries of the Gulf Cooperation Council [GCC]. The delegation arrived in London last Sunday [July 15] and included Wayne Furbert, Minister of Business Development and Tourism; Jeremy Cox, Chief... Read more of this article

Minister: Act Increases Penalties For Littering

The Waste and Litter Control Amendment Act 2011 will allow for a fine of up to $5,000 for a first offence of littering, with a subsequent offence carrying a penalty of $25,000 or imprisonment, Minister of Public Works Michael Weeks said. The Minister was speaking at a press conference this morning [July 18] at Aeolia Drive — located off Palmetto... Read more of this article

City Of Hamilton Wi-Fi ‘Moving Forward’

The wi-fi network planned for the City of Hamilton was originally scheduled to be launched last month is still moving ahead the City said, with a few technical aspects of the network now being refined. In May of this year Hamilton Mayor Graeme Outerbridge said: “I am pleased to announce that the City of Hamilton is launching a Wi-Fi Network with... Read more of this article

19-Yr-Old Jailed For Driving While Disqualified

In Magistrates Court this morning [July 18], after being caught driving whilst disqualified for the second time, 19-year-old Brandon Madeiros found himself being sent to serve 30 days in prison. Mr Madeiros had been disqualified from driving until 23rd October 2012. On 15th July, Police stopped him, and at this time, Mr Madeiros admitted to the Police... Read more of this article

Sandys Secondary/Middle School Reunion

Cupmatch weekend celebrations in the West End will include a Grand Reunion of former students of Sandys Secondary and Sandys Sec. Middle School on Saturday evening, 4th August, 2012. A spokesperson for the Board of Governors and Trustees, indicated that the Reunion, to be held in the school’s Amphitheatre, is partially planned to formally thank the... Read more of this article

Bermuda Laws Don’t Allow For US Style Register

Bermuda’s laws, which are modeled on UK law, do not allow for the establishment of an American style sex offender register, Attorney General Kim Wilson said in the Senate this morning [July 18]. Minister Wilson said while there are provisions for notifications in individual cases, “this protocol and the law operate on the presumption that information... Read more of this article

Electric Scooter Sees Man Charged With DUI

[Updated] Adam Petty, 25, pleaded not guilty to charges brought under the Road Traffic Act in Magistrates Court this morning [July 18]. All the charges arose out of a Police stop on 14th July on Woodbourne Avenue in Pembroke. However, Mr Petty pointed out that the scooter was a battery powered toy scooter of the kind that children play with. The charges... Read more of this article

Government Launches Vendor Payment Hotline

The Accountant General has established a Vendor Payment Hotline, and starting today [July 18] all vendors with outstanding invoices over a 30 day period with the Bermuda Government are invited to call 279-2660. “The Bermuda Government is committed to ensuring that all departments pay their vendors in a timely fashion,” said a Government... Read more of this article