Author Archive: Bernews1

$27M Owed In Social Ins. Payments

As of November 2011 there were 2,677 companies which are 60 days in arrears owing over $27 million in Social Insurance contributions, Junior Finance Minister David Burt said yesterday [Feb.29] in the Senate. The figures were released after Opposition Senator Toni Daniels tabled Parliamentary Questions for the Junior Minister yesterday. When asked whether... Read more of this article

Two Leap Day Babies Born Yesterday

Bermuda welcomed two Leap Day babies this year, with two baby boys born yesterday [Feb.29], at King Edward Memorial Hospital. Born on the most elusive day on the entire calendar, the little boys will only get to ‘officially’ celebrate their first birthday on February 29, 2016 — when they are four. But Leap Year babies are considered... Read more of this article

Lawyer Disbarred For Bermuda Fraud

A disgraced Canadian lawyer who was convicted of fraud in Bermuda has been disbarred by the Law Society of Upper Canada. “Canadian Lawyer” magazine reports this week [Feb.29] that a jury found Robert Martyn guilty of conspiring to fraudulently obtain Bermudian status. Doctored birth and marriage certificates falsely tracing the family’s... Read more of this article

Sailing: Optimist Winter Series

Series 1 of the Optimist Winter Series sponsored by JLT concluded on Sunday. The racing took place for the BODA Gold and Silver Fleets with 21 boats entered. Near perfect conditions greeted the sailors in Granaway Deep on Sunday, which enabled Principle Race Officer Jay Hooper and his team of volunteers from the host Club RBYC to set fantastic courses... Read more of this article

Video: Business Bermuda Year In Review

Despite the fact 2011 was marked by wild global economic fluctuations, Business Bermuda had one of its most successful years ever — continuing to promote the island’s corporate brand around the world — they said. In a newly released promotional video highlighting the organisation’s achievements in 2011, Business Bermuda Chief... Read more of this article

Goldman Sachs Buys Ariel Re

Ariel Holdings Ltd. today [Mar.1] confirmed reports that investment bank Goldman Sachs is acquiring its Bermuda-based insurance and reinsurance operations, which it will combine with its existing business underwritten through Lloyd’s Syndicate 1910. The acquired business will operate as part of Goldman Sachs Reinsurance Group [GSRG], under the... Read more of this article

Court: Man Stripped To Boxer Shorts

On 29th November 2011, on Court Street, after shouting at passing police officers, 26-year-old Ahijah Dill began stripping off his jacket, shirt, trousers ending up with only his boxer shorts still on. Police arrested him and charged him with being improperly dressed in a public place and with disorderly behavior and disturbing the public. The DPP prosecutor... Read more of this article

Riders Gear Up For FEI World Dressage

Bermuda riders are gearing up to compete next Wednesday [Mar.7] in the 2012 FEI World Dressage Challenge. This competition is entering its 32nd year with an estimated 55 countries participating in 2012. Bermuda is competing in Group X of the FEI World Dressage Challenge; this group comprises Barbados, Trinidad & Tobago, Jamaica and Cayman. Judges... Read more of this article

Coaches Praise Swimmers After Time Trial

Many of our local swimmers turned out solid performances, Sharks Head Coach/BASA National Coach Ben Smith and Harbour Head Coach Richard Goodwin said after the Qualification Time Trial Meet at the BASA Pool held on Saturday [Feb.25]. Sharks Head Coach and BASA National Coach Ben Smith said, “The qualification meet held over the weekend was another... Read more of this article

Police Statement: Cut/Pension Offer

The Bermuda Police Association released a statement last night [Feb.29] saying that they are “prohibited from agreeing to the Government’s request or any other offer as long as we are bound by contract.” The Association said they were considering Government’s option, however during deliberations questions arose regarding the legal... Read more of this article

Miranthis Joins AIFA Panel Discussion

Bermuda-based PartnerRe Ltd. has announced that President & CEO Costas Miranthis [pictured] is scheduled to participate in a panel discussion at the Annual Association of Insurance and Financial Analysts [AIFA] Conference in Naples, Florida. The Global Reinsurance panel discussion will take place on Monday, March 5, 2012 at 11.15 a.m. Eastern Standard... Read more of this article

Police Update: Mission Lane Shooting

The police released a further statement about this morning’s [Feb.29] shooting, saying they believe the shooting victim was targeted by the gunman. The incident occurred just before 1am outside a house on Mission Lane in Pembroke. The 23 year old male was shot in his lower back, and was taken to the hospital via private car where he subsequently... Read more of this article