Author Archive: Bernews1

Platinum To Report Q/1 Results In April

Bermuda-based Platinum Underwriters Holdings, Ltd.will report financial results for the quarter ended March 31, 2012 after the close of trading on the New York Stock Exchange on Wednesday, April 18, 2012. The company will host a teleconference to discuss the financial results on Thursday, April 19, 2012 at 8:00 a.m. Eastern time. Platinum Underwriters... Read more of this article

Bermuda To Mark World Kidney Day

World Kidney Day will be recognised in Bermuda and around the world on March 8. The Department of Health, the Bermuda Hospitals Board and the Bermuda Organ and Tissue Donor Association have partnered to increase the awareness of kidney disease, organ donation and transplantation. This year’s 2012 Campaign will focus on the life-saving aspect of organ... Read more of this article

BDOT: Bermuda Virtual Golf Classic

Golf aficionados can play for a championship, and possibly with a PGA champion, by participating in the new “Bermuda Virtual Golf Classic”, the Bermuda Department of Tourism [BDOT] announced. From now through September 15, 2012, all visitors who play a round of golf at one of Bermuda’s participating courses will be included in an ongoing “virtual... Read more of this article

Regiment Commander’s WW2 Gallantry

Lt. Col. J. Anthony Marsh, the last commander of the Bermuda Militia Artillery and the second commanding officer of the Bermuda Regiment, won one of the highest military honours awarded by Britain for an act of conspicuous gallantry while under enemy attack in Italy during World War Two [1939-1945]. A member of the Duke of Cornwall Light Infantry [DCLI]... Read more of this article

OBA Delivers Reply To The Budget

[Updated] We are facing the greatest economic disaster in Bermuda’s history, Shadow Finance Minister Bob Richards said this morning [Mar.2] as he delivered the One Bermuda Alliance’s reply to the 2012/13 Budget in the House of Assembly. “We have major concerns about the Government’s Budget for the coming fiscal year. If you had asked... Read more of this article

BASA Confirms New Swimming Records

The Bermuda Amateur Swimming Association announced New Course Records that have been set recently. During the BASA Qualifying Meet on February 25th, Ashley Irby set a new Short Course Record in the Female 9-10 Year Old 50m Butterfly clocking a time of 35.41 breaking the previous record of 35.94 which was set on July 16, 2005 by Ashley Yearwood. Jesse... Read more of this article

XCite Energy Draws On New Equity Line

British oil exploration firm Xcite Energy has drawn down £10.9 million on its equity line with Esousa Holdings, LLC, a placing arranged by a subsidiary of Bermuda-based Socius Capital Group that was completed last month. The equity line portion of the financing is provided by Esousa, a co-investor of Socius. This is the second drawdown using Esousa’s... Read more of this article

‘Protect Resources While Using Them’

“Despite what many would suggest it is indeed possible to protect our marine resources while also using them,” said Minister of Environment, Planning and Infrastructure Strategy Marc Bean at a post-budget press conference yesterday [Mar.1]. During his first speech at the post budget press conference on February 24th, Minister Bean said in... Read more of this article

Special Tribute To Whitney Houston

The Bermuda Department of Tourism’s [BDOT] Feel the Love Month wraps up today [Mar.2], and will feature a special tribute to the late Whitney Houston. The six weeks of activities and programmes hosted on-Island for visitors and residents to enjoy will wrap-up with a Feel the Love Friday final performance of the season with Sia Spence and Da Business... Read more of this article

Court: Threatening Words Case Dismissed

In Plea Court earlier this week, 54-year-old taxi-driver Hyman Bartley avoided two legal problems when lawyer Charles Richardson noted a legal point and raised it to Senior Magistrate Archie Warner. Bartley was facing two counts of threatening words to a Traffic Warden. The two charges stemmed from incidents alleged to have occurred in June 2011. When... Read more of this article

US Judge Upholds Assured Guaranty Suit

A federal judge on Wednesday [Feb.29] denied a motion by Flagstar Bank to dismiss a lawsuit by a Bermuda firm alleging that Michigan’s biggest bank breached a series of contracts insuring nearly $1 billion in loans in securities backed by home equity loans. Assured Guaranty Municipal Corp., a subsidiary of Bermuda’s Assured Guaranty Ltd.,... Read more of this article

Video: BIU President On Privatisation

Bermuda Industrial President Chris Furbert held a press conference yesterday [Mar.1] and said the “union has always been against privatization.” Mr Furbert went on to say that, “In our experience with privatization, workers don’t get the fair end of the stick. And that’s happened not just in Bermuda, but all around the... Read more of this article