Author Archive: Bernews1

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

Montpelier Re Declares Dividend

The board of directors of Bermuda’ Montpelier Re Holdings Ltd. today [Mar.15] declared a quarterly dividend of $0.105 per Common Share and $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A. The dividends are payable on or about April 15, 2012, to all shareholders of record as of March 31, 2012. The company, through its operating subsidiaries,... Read more of this article

Bermuda Souvenir Launched Collection

Retired American police sergeant Robert Burdewick bought a souvenir while on a work-related trip to Bermuda 50 years ago. The souvenir was a policeman figurine wearing Bermuda shorts and an English helmet. That first figurine, which he put on display in his New York home, started what’s become the “Robert G. Burdewick Police Statue Collection”... Read more of this article

BEST: Suspend Grand Atlantic Development

The Bermuda Environmental Sustainability Taskforce [BEST] has requested that the condo development at Grand Atlantic be suspended until the government informs the public about the financial, economic, social and environmental implications of this project. The Grand Atlantic Development in Warwick will comprise of 60 two bedroom/one bathroom homes and... Read more of this article

Horseshoe Group Opens Irish Operation

Bermuda-based convergence facilitator Horseshoe Group has established an Irish business to complement its existing operations on the island and in Cayman Islands and the US. Horseshoe Management Ireland will focus on the administration of cat bond special purpose vehicles and other ILS structures. Thomas Heise will lead the nascent operation as Horseshoe... Read more of this article

Gulf Keystone: Legal Victory In London

The English Commercial Court in London yesterday [Mar.14] ordered Excalibur Ventures LLC to make a payment of £6,000,000 into court within 21 days as security for the costs of Bermuda’s Gulf Keystone and two of its subsidiaries of defending the legal action commenced by Excalibur in December 2010. The English Commercial Court also ordered Excalibur... Read more of this article

Man Pleads Guilty To Handling Stolen Laptop

In Plea Court this morning [Mar.15], 24-year-old unemployed Ijahmon Mallory admitted receiving the Mac laptop that had been stolen during the course of the armed robbery of American visitors Mrs Krolius and her two children at their Southampton holiday residence on 8th March 2012. The DPP Prosecutor told Magistrate Khomisi Tokunbo that Police had tracked... Read more of this article

Bermuda Poet Feted In Ireland, UK

Bermudian poet Paul Maddern is winning growing acclaim in the UK and Ireland for his “island-flavoured work. Now a Teaching Fellow in Creative Writing at the UK’s University of Leeds, Mr. Maddern recently completed a PhD at the Seamus Heaney Centre for Poetry, Queen’s University Belfast. The former Saltus Grammar School student’s... Read more of this article

EIOPA Boss: Solvency II ‘Essential’

Solvency II is a necessary response to the global financial crisis, said Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority [EIOPA], citing the fact other jurisdictions including Bermuda, Japan and non-European Union member Switzerland are seeking equivalency. Speaking to an audience at Lloyd’s yesterday... Read more of this article

Bermudians Make First Team All-American

The U.S. Track & Field and Cross Country Coaches Association have awarded three Bermudian track and field athletes All-America certificates following the weekend’s NCAA Indoor Championships. Georgia Senior Aaron Evans was one of three athletes who brought First Team honors back to Athens. Evans, a Devonshire, Bermuda, native who was seeded ninth... Read more of this article

Bermuda Features In Sea Level Study

Bermuda contains important sites where researchers have gone looking for answers to questions about how high the seas will rise in the coming decades, international scientists say. Projections for sea-level increases in the year 2100 range from inches to several feet, or more. By pinpointing where shorelines stood on cliffs and reefs in Bermuda and... Read more of this article

Murder Victim’s Parents Accept Son’s Certificate

Local charity Raleigh Bermuda announced yesterday [Mar.14] that donations have poured in, in memory of their 2011 participant Malcolm Outerbridge who was murdered last October. Eighteen-year-old Malcolm [pictured] had recently returned to Bermuda from Malaysia, after spending 10 weeks there as part of Raleigh’s yearlong personal development programme. Raleigh... Read more of this article