Author Archive: Bernews1

New Aikido Dojo Opens In Hamilton

Basic Aikido [a Japanese Martial Art] is now being taught in the City of Hamilton by Peter Aldrich at the Lotus Yoga Studio on Victoria Street. Mr Aldrich [pictured below] said, “We used to have a few popular lunch time classes at the main dojo [school] at Cobbs Hill [Bermuda Aikikai] but it was a little stressful to get there and back in time for... Read more of this article

Bail Revoked, Defendant Jailed

This morning [Jan.18] in Magistrates Court, 25-year-old Rodney Grimes was remanded to Westgate after he had his bail revoked for failing to comply with the bail conditions imposed. Mr Grimes had been charged in September 2011 with being involved with robbing Debra Sutherland of $15,681.17 in cash and $1,069.49 in cheques. Mr Grimes is a former employee... Read more of this article

Spam Email Targets Bank’s Customers

An email [shown below] purporting to be from the Bank of Butterfield has been sent out to local email addresses, claiming accounts have been temporarily locked for security reasons. A spokesperson for the Bank said, “Butterfield advises our customers that we will NEVER ask them for personal information or account details via e-mail or use... Read more of this article

Minister Kicks Off Restaurant Week

Tourism & Business Development Minister Wayne Furbert today [Jan.18] joined Philip Barnett, owner of Victoria Grill in Hamilton, to highlight Restaurant Week. Victoria Grill is one of 31 local eateries participating in the Bermuda Department of Tourism’s [BDOT] first ever Restaurant Week, which is taking place now through February 6, 2012. Bermudian... Read more of this article

PLP Confirm David Burt As Candidate

[Updated with video] This afternoon [Jan.18] the Progressive Labour Party confirmed that Senator David Burt will represent them in Constituency #18 Pembroke West Central. Pembroke West Central is presently held by the PLP’s Neletha Butterfield, who won in 2007 with 69.62% of the vote against the United Bermuda Party’s Mariyln Steede [25.15%]... Read more of this article

ABIR Targets Protectionist Policies

The Association of Bermuda Insurers & Reinsurers is warning that protectionist policies by governments on global reinsurers will ultimately backfire because of the important role global risk distribution via reinsurance plays, industry journal “Property Casualty 360″ reported yesterday [Jan.17]. Citing a recent ABIR statement on Brazil’s protectionist... Read more of this article

Romney ‘Likely Used Tax Shelters’

A former US Treasury deputy international tax counsel said today [Jan.18] Republican Presidential front-runner Mitt Romney’s reluctance to disclose his US tax returns probably owes to the fact he sheltered income in Bermuda and other offshore financial centres. Daniel Berman, who is now director of tax at Boston University’s graduate tax programme,... Read more of this article

Bacardi Celebrates 150th Birthday

Bermuda’s Bacardi Limited, the world’s largest privately-owned spirits company, will be celebrating its 150th birthday in 2012 — promising this will be its most innovative year since the creation of its flagship rum in 1862. Throughout the year, Bacardi will host one-of-a-kind birthday parties, launch special promotions featuring 100... Read more of this article

MailBoxes Reiterates Call: ‘Speak Up’

With the Premier scheduled to host the first of Government’s series of Town Halls this evening [Jan.18], Mailboxes Unlimited president Stephen Thomson has reiterated his call for residents to speak up against any potential duty hikes. An email sent out to Mailboxes 9,000 customers yesterday said, “Dear US Express Member, As promised in my... Read more of this article

Photos: Ultimate Bermuda Experience

Bermuda played host to eight lucky people who took part in the first annual Ultimate Bermuda Experience yesterday [Jan.17]. The eight were winners of an online sweepstakes held earlier by Now Energy Bars. Inspired by Phil Keogan, producer and host of CBS’s The Amazing Race, the Ultimate Bermuda Experience took the group on a tour of different spots... Read more of this article

AXIS Bottom Line Hit By Disasters

Bermuda’s AXIS Capital Holdings Limited today [Jan. 18] announced that the net financial impact of the severe flooding in Thailand [pictured] on the company’s fourth quarter results is expected to be $48 million. This amount is net of reinsurance, taxes and reinstatement premiums. Further, updated information from the company’s clients... Read more of this article

Alterra To Open Brazil Reinsurer

Bermuda’s Alterra Capital Holdings Limited today [Jan.18] announced that the Brazilian insurance and reinsurance regulator, Superintendencia de Seguros Privados [SUSEP], has given final approval for the firm to establish a local reinsurance company. Alterra Re Brasil will be located in Rio De Janeiro and is expected to offer a wide range of reinsurance... Read more of this article