Author Archive: Bernews1

Puppy Stolen From Pembroke Home [Found]

[Updated] A 9 week old puppy was stolen at last night [Mar.14] from a Pembroke residence. Unofficial reports indicate the suspects are in their late teens or early 20s with slim builds, and were wearing hooded sweatshirts and jeans. The suspects are said to have escaped on foot with the puppy. A police spokesperson said they are conducting inquiries... Read more of this article

Road Resurfacing Work On Front Street

The City of Hamilton announced that on Sunday March 18, road resurfacing work will take place on Front Street, between the Ferry Terminal and Bermudiana Road. A statement issued said, “Paving will be done in the eastbound lane only (the north side). The westbound lane will be accessible while work is in progress. Eastbound traffic will be diverted... Read more of this article

Argus Launches Online Retirement Calculator

New research results released today by the Argus Group reveals that half [50%] of Bermuda residents do not have a financial goal in place for retirement. The research also showed that younger residents [18-35 years old] are less likely to be comfortable with understanding their pension statement [52%] than their older counterparts [68%]. Furthermore,... Read more of this article

Capital G 2011 Earnings: $3.2 Million

Capital G Bank Limited today [Mar.15] announced earnings of $3.2 million for the year ended December 31, 2011, down 7% from $3.4 million recorded for the same period last year. The Bank’s net operating income before loan loss provisions climbed to $58.4 million, equivalent to a 28% improvement from $45.8 million in 2010. Ian Truran, the Bank’s President... Read more of this article

24-Year-Old Man In ICU After Accident

A 24-year-old man is in stable condition in the Intensive Care Unit after being involved in a motorcycle accident yesterday afternoon. A police spokesperson said, “Around 3:15pm on Wednesday, March 14th police and first responders attended a reported single vehicle motorcycle collision in the area of Loyal Hill Pass and Vesey Street in Devonshire.... Read more of this article

AXIS Issuance Receives ‘BBB’ Rating

Fitch Ratings today [Mar. 15] assigned a ‘BBB’ rating to the $400 million perpetual preferred securities issuance of Bermuda-based AXIS Capital Holdings, Ltd. The international ratings agency also affirmed AXIS Capital’s ‘A’ Issuer Default Rating and the ‘A+’ Insurer Financial Strength ratings of AXIS Capital’s... Read more of this article

US Author Pens New Book On Cahow

The story of Bermuda’s cahow — and Dr. David Wingate’s role in saving the island’s critically endangered national bird — is being told in a new book which will be published later this year. Boston writer Elizabeth Gehrman’s “Rare Birds: The Extraordinary Tale of the Bermuda Petrel and the Man Who Brought It... Read more of this article

Cruise Ship Discovers Abandoned Yacht

A sailboat abandoned during an ill-fated Atlantic yacht rally to Bermuda was spotted drifting in the Atlantic yesterday [Mar.14]. The Holland America cruise ship “Prisendam” came across the “Triple Stars” drifting on the high seas [a passenger took this photograph of the yacht]. American Rob Anderson was rescued by the tanker... Read more of this article

Tynes Bay Commercial Waste Fees Increase

The Ministry of Public Works is advising waste haulers that effective April 1, 2012 the rates for commercial waste disposal at the Tynes Bay Waste-to-Energy facility will take effect. A spokesperson said, “These increases are necessary to support the ongoing cost of waste disposal operations at the Tynes Bay facility and to ensure the long term... Read more of this article

Golden Ocean Selling Knightsbridge Shares

Bermuda’s Knightsbridge Tankers Limited yesterday [Mar. 14] announced that Golden Ocean Group Limited is offering to sell 2,438,199 Knightsbridge common shares in an underwritten public offering pursuant to an effective shelf registration statement filed with the US Securities and Exchange Commission. Goldman, Sachs & Co. is acting as the... Read more of this article

Cricket: Bermuda Lose To Netherlands

Bermuda lost their third consecutive cricket game in the ICC World Twenty20 Qualifier today [Mar.15] in the United Arab Emirates, being defeated by the Netherlands. Final score: Netherlands 125/9 Bermuda 121/8 For the third game in a row, David Hemp won the toss, however this time around Bermuda decided to field first. Bermuda restricted the Netherlands... Read more of this article

Public Meeting On Bermuda’s Food Prices

The Price Control Commission is hosting its first public meeting at on Tuesday March 20, at St. Paul’s AME Church Hall in Hamilton at 7.00 p.m. The theme will be ‘Bermuda has high food prices – Fact Or Fiction’. According to the Commission, the primary objective is to invite feedback from consumers and the public about their experiences... Read more of this article