Author Archive: Bernews1
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
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
