Author Archive: Bernews1

Police Appeal: Missing Man [Found]

[Updated] The Bermuda Police Service is appealing for the public’s assistance in locating 58 year old William Peniston of St. George’s. “Mr. Peniston, a taxi driver, is described as light skinned of medium build, 5’10” tall with black hair cut short,” said a police spokesperson. “He was last seen on Thursday, March 1st driving... Read more of this article

Arch Buys Ariel’s Credit & Surety Business

Bermuda’s Arch Capital Group Ltd. today [Mar.3] announced that it will acquire Ariel Re’s Credit & Surety reinsurance operations based in Zurich. Upon the closing of the transaction, Ariel Re’s Zurich based team will transfer to the Zurich office of Arch Reinsurance Europe Underwriting Limited and will be fully operational with... Read more of this article

Butterfields Featured On Magazine Cover

Bermudian triathlete Tyler Butterfield and his wife Nikki Butterfield are featured on the cover of the April issue of Triathlete Magazine, which has a circulation of 60,000. The couple are both professional triathletes, and also proud parents to their 15-month-old daughter Savana. The 2006 Bermuda Athlete of the Year, Mr. Butterfield became Bermuda’s... Read more of this article

KBW: P&C Market In A ‘State Of Flux’

The impact of the Thailand floods on Bermuda based insurers and reinsurers weighed down the overall fourth-quarter underwriting profits of property and casualty companies followed by analyst firm Keefe, Bruyette & Woods [KBW]. Overall, companies in KBW’s coverage universe reported a 2011 fourth-quarter combined ratio of 98.1, up from 91.5 in the... Read more of this article

2012: Pirates Of Bermuda Raise $125,000

Well shiver me timbers! The Pirates of Bermuda fund raisers did not have to sail anywhere to dig for treasure yesterday [Mar.2] — the loot came to them when they arrived in Hamilton. At about noon the “Spirit of Bermuda” sail training vessel moored alongside Albouy’s Point with a group of celebrity “hostages” aboard... Read more of this article

Report On Longtail Breeding Success

The single biggest threat to Bermuda’s emblematic Longtail — or White-tailed Tropicbird — is the destruction of hundreds of coastal nests by high waves and erosion during hurricanes. So in recent years Bermuda’s Conservation Department embarked on a programme to install artificial nests in areas where large numbers of nests... Read more of this article

Road To Stardom Led Through Bermuda

Canadian theatrical and movie legend Christopher Plummer — who at 82 became the oldest actor ever to win an Oscar at the Academy Awards ceremony on Sunday [Feb.26] — took an unusual route to stardom, one which brought him through Bermuda at the outset of his career. Mr. Plummer, whose career spans seven decades, made his professional debut... Read more of this article

OneBeacon Declares Quarterly Dividend,

The OneBeacon Insurance Group Ltd. Board of Directors declared a $0.21 per share quarterly dividend, payable in cash on March 30, 2012, to holders of record of Common Shares as of the close of business on March 16, 2012. OneBeacon Insurance Group,Ltd. is a Bermuda-domiciled holding company that is publicly traded on the New York Stock Exchange under... Read more of this article

Premier: ‘Debt Represents Investment’

The debt that “the OBA screeches about represents investment in Bermuda’s future,” Premier and Minister of Finance Paula Cox said today [Mar.2] following the Opposition’s Budget 2012 Reply. Shadow Finance Minister Bob Richards noted the 2012/13 Budget “adds a staggering $200 million to our debt” and provided a chart showing... Read more of this article

Survey Shows OBA Ahead Of PLP

If an election were held tomorrow, the One Bermuda Alliance would garner 39% of the vote, with the ruling Progressive Labour Party taking 30% of the vote, according to a recent survey by Profiles of Bermuda. The survey was conducted among 301 registered voters between the latter part of 2011 and February 10th and has a margin of error of plus or minus... Read more of this article

UBP Deliver Reply To The Budget

Bermuda has lost its bearings and we are now way off course in “treacherous waters in the Red Sea of Debt,” United Bermuda Party MP Charlie Swan said today [Mar.2] during the UBP’s Reply to the Budget. Saying the UBP acknowledges the “budget struck the correct tone,” Mr Swan said “the content of this budget is, however,... Read more of this article

Dividend Issued By AXIS Capital

Bermuda’s AXIS Capital Holdings Limited yesterday [Mar. 1] announced that the company’s board of directors declared a quarterly dividend of $0.24 per common share. The common dividend will be payable on April 16, 2012 to the shareholders of record at the close of business on March 30, 2012. In addition, the board declared a dividend of $0.453125... Read more of this article