Author Archive: Bernews1
Ariel To ‘Sell Reinsurance Operations’
Global investment banking and securities firm Goldman Sachs is poised to acquire the Bermuda-based re/insurance operations of Ariel Holdings through its insurance subsidiary Arrow, industry journal “The Insurance Insider” reports today [Feb.29]. The imminent deal will leave Ariel Holdings with its Lloyd’s operation Atrium and its Zurich-based... Read more of this article
Butterfield: 2011 Net Income $40.5M
The Bank of N.T. Butterfield & Son Limited today [Feb.19] announced net income for 2011 of $40.5 million, compared to a reported loss of $207.6 million in 2010. Butterfield President & CEO Bradford Kopp said, “The Bank generated respectable levels of profit in each fiscal quarter, contributing to net income for the year of $40.5 million.... Read more of this article
WiFi Now Available In Dockyard
The West End Development Corporation [WEDCO] announced the launch of a WiFi network throughout the Dockyard area, providing high speed internet access to visitors and residents. The service, the result of a joint initiative with TeleBermuda International Limited [TBI], will allow all cruise ship passengers, crew and Bermuda residents to email and surf... Read more of this article
Refs: No More Southampton Oval Matches
The Bermuda Referees Association said they “will not official anymore matches at Southampton Oval until we can get assurances that security and the safety of our officials will be improved.” The Association stated their “extreme displeasure” at the events that unfolded at the conclusion of the match between Southampton Rangers... Read more of this article
Pedestrian In ICU After Accident
The 54-year-old Paget woman who was injured after being struck by a car near South Road and the Railway Trail in Paget yesterday morning [Feb.28] is in the Intensive Care Unit. The police said that “inquiries into the incident involving the victim, who was a pedestrian at the time, are ongoing.” Another pedestrian was injured this morning,... Read more of this article
Bermuda Role In Unlocking Turtle Secrets
Sea turtles famously return to their birthplace to nest but new research — some of it conducted in Bermuda — suggests this isn’t the only big migration in a sea turtle’s life. “We’re starting to realise that developmental migrations — ones that sea turtles make before they mature — are even more amazing,” says Dr. Peter... Read more of this article
Burgess: 2012/13 Transport Initiatives
Three million dollars has been allocated to purchase replacement buses and three additional mechanics will be hired, Transport Minister Derrick Burgess said at a press conference this morning [Feb.29]. The Transport Ministry was given $79.5 million in the 2012/13 Budget, an increase of $3.3 million from last year. The Budget shows an allocation of $19.6... Read more of this article
Four Men Charged: Stolen Credit Card
Yesterday [Feb.28] four young men Denzil Chase [18], Ryan Richardson [21], DeJuan Simons [23], and Eugene Bassett [23]; were charged with a variety of offences involving the theft and use of credit cards belonging to an American tourist, the handling of the cards, and obtaining goods by deception. Bassett was unrepresented. Simons was represented by... Read more of this article
Christopher Play Opens To Upbeat Reviews
“Hurt Village” — the new Off-Broadway show featuring Bermudian actor Nicholas Christopher [pictured] — opened to largely enthusiastic reviews on Monday [Feb.27], with the “New York Times” describing the play “as a rousing, latter-day response” to Lorraine Hansberry’s watershed 1959 drama “A Raisin... Read more of this article
Roger Hannant Photography Show
Full-time Bermudian boat repairer and part-time amateur photographer Roger Hannant chronicles his work and surroundings in the new exhibit “Photos from the Boatyard” which opened at Rock Island Coffee on Monday [Feb. 27] and will be up for four weeks. “Photography has been my hobby since 1969 when I bought my first 35mm Pentax camera,”... Read more of this article
Syncora Posts 2011 Annual Statements
Bermuda-based Syncora Holdings Ltd. announced today [Feb.29] that it has posted to its website annual statements for the year ended December 31, 2011 for each of Syncora Guarantee Inc. and Syncora Capital Assurance Inc. Syncora Holdings Ltd. is a Bermuda-domiciled holding company whose operating subsidiaries Syncora Guarantee Inc. and Syncora Capital... Read more of this article
Assured Guaranty: ‘Near-Record Results’
Bermuda’s Assured Guaranty Ltd. together with its subsidiaries, announced today [Feb.29] financial results for the year ended December 31, 2011 and for the three-month period ended December 31, 2011. The company reported operating income for fourth quarter 2011 of $173.5 million, or $0.95 per diluted share, which represents a 13.6% increase compared... Read more of this article
