Author Archive: Bernews1

Platinum Declares Quarterly Dividend

Bermuda-based Platinum Underwriters Holdings, Ltd. announced that its Board of Directors has declared a quarterly dividend of $0.08 per common share. The dividend is payable on March 30, 2012 to shareholders of record on March 1, 2012. Related Stories Compre Redomiciles To Bermuda LOM Financial Share Repurchase Update Distinguished Launches Reinsurance... Read more of this article

Annual Children’s Nature Walk

The Bermuda National Trust hosted the Annual Children’s Nature Walk at Spittal Pond yesterday [Feb.14] between 9:30am and 12:30pm. Children and parents had the opportunity to experience nature first hand on the walk, as well as witness some of Bermuda’s cultural landmarks while they heard fascinating stories from the past. Groups were taken... Read more of this article

Arantxa King Wins In New Mexico

Bermuda’s Arantxa King competed at the Don Kirby Invitational in New Mexico. With a leap of 6.17m King won the Women’s Long Jump beating out a strong 22-women field. King’s first attempt saw her leap 6.13m, she then leaped 5.84m on her second attempt. A Foul followed on her third, before she jumped 6.09m on her fourth and fifth attempts. On... Read more of this article

Two Injured After Motorbike Accident

Two people were injured after a motorcycle accident on Monday night [Feb.13] in Southampton. A police spokesperson said, “Around 10:45pm on Monday February 13th, police and first responders attended a reported collision on Middle Road in Southampton. It appears that two motorcycles were travelling along Middle Road when they collided near the... Read more of this article

Videos: Sensei Roots Tournament

A number of martial artists of various ages treated an enthusiastic crowd of family, friends and supporters to a fast paced competition Sunday [Feb.12] at Pembroke Sunday School during Sensei Roots’ 17th Invitational Tournament. Grandchampions for forms were Shaun Prinsloo [novice], Cainan Tucker [intermediate] and Priya Phillips [intermediate].... Read more of this article

Argo Group’s Malta Operation

Argo Group International Holdings, Ltd., the Bermuda-headquartered underwriter of specialty insurance and reinsurance products, announced the formation through its subsidiaries of a new insurance company in Malta. ArgoGlobal SE will operate as a domestic insurer in Malta as a platform for offering primary and excess insurance throughout the European... Read more of this article

Aspen CFO Richard Houghton Resigns

Aspen Insurance Holdings Limited announced that it has initiated a search for a new Chief Financial Officer to replace Richard Houghton, who will be leaving the Company effective February 29, 2012 to pursue other opportunities. Mr. Houghton [pictured] will remain in his role through the Company’s filing of its annual report on Form 10-K for the... Read more of this article

CAM Funds Delist From BSX

The Bermuda Stock Exchange [BSX] announces the voluntary de-listing, effective today [Feb.15], from the BSX, of all shares of the CAM Bastion Sterling Fund Ltd.and the CAM Pinnacle Sterling Fund Ltd. All shares in both funds have been redeemed and the funds voluntarily liquidated. Related Stories Compre Redomiciles To Bermuda LOM Financial Share Repurchase... Read more of this article

Valentine Balloon Causes Power Outage

Approximately 125 customers were out of power briefly this evening [Feb.14] in the Langton Hill, Pembroke area, with a BELCO spokesperson confirming it was caused by a big aluminum Valentine’s Day balloon coming into contact with the main line out of the St John’s substation. The outage occurred at approximately 8.40pm, and BELCO crews had... Read more of this article

Chamber Issues “Official Correction”

The Chamber of Commerce issued an “official correction” this afternoon [Feb.14] saying it is “premature for any member of The Chamber to refer to a Shipping & Courier Division,” as it does not exist. This statement comes after media reports that the Chamber of Commerce Shipping Division called on Premier Paula Cox to abandon... Read more of this article

Construction Job Fair To Be Held

A Construction Job Fair will be held next week Thursday [Feb.23] at the Bermuda College from 10am to 3pm. “This event will feature careers in the construction industry where vacancies exist. Employers have agreed to participate in an effort to identify, interview and hopefully hire unemployed individuals who have had some experience working in... Read more of this article

Handbag Snatcher Chased & Arrested

The Bermuda Police Service has commended members of the public who stepped in and helped catch a man after he snatched a woman’s handbag on Reid Street yesterday [Feb.13]. The 35-year-old man was arrested, and the handbag was recovered. A police spokesperson said, “Around 8:45pm on Monday February 13th, police responded to a report of a... Read more of this article