Author Archive: Bernews1

Clarification: Cell Phone Driving Rules

Minister of Transport Derrick Burgess clarified the new laws surrounding cell phone use while driving, explaining that driving a car while using a phone via a hands-free kit is not prohibited. Bike riders can use a hands-free kit with the phone linked to the rider’s helmet via Bluetooth/technology, but having a phone inside of the helmet is an offence,... Read more of this article

US Ruling On $20M Secret Payment

A US Appeals Court yesterday [Jan. 11] threw out a lower court ruling favouring a former Tyco director in the latest chapter of a decade-long legal dispute involving a secret $20 million payment authorised by the one-time Bermuda firm’s disgraced CEO. Former director Frank Walsh was sued by Tyco in connection with the firm’s June, 2001 $9.2... Read more of this article

Videos: 2012 Fairmont to Fairmont Race

The Men’s winner of the Fairmont to Fairmont race Lamont Marshall held off a legendary Kenyan runner, beating Olympic medalist Douglas Wakiihuri to claim the top spot. Mr Wakiihuri has a string of world class victories; winning the marathon at the 1987 World Championships in Rome, the silver medal at the 1988 Summer Olympics in Seoul, the London... Read more of this article

Miss Bermuda Deadline: 3 Days Left

There are three days left to enter the 2012 Miss Bermuda Pageant, with the registration set to close this coming Sunday [Jan.15]. Applicants must be Bermudian, between the ages of 17-24 years old, never been married, must not have children and must be able to travel. The registration fee is $200, and application forms are available for download here... Read more of this article

19 Teachers Complete Training Course

[Updated] Minister of Education Dame Jennifer Smith attended a ceremony to recognise 19 teachers who completed a University of Ontario Institute of Technology Special Education course. Dame Jennifer welcomed Dr. Nick Scarfo and Dr. Jim Greenlaw, Deans of the University of Ontario, Institute of Technology; Commissioner of Education, Mrs. Wendy McDonnell;... Read more of this article

XL Estimates Thai Floods Up To $185M

XL Group plc announced preliminary net loss estimates related to the widespread floods in Thailand that reached their highest point during the quarter ended December 31, 2011. The Company’s preliminary loss estimates, pretax and net of reinsurance and reinstatement premiums, range from approximately $135 million to $185 million. Approximately... Read more of this article

Arch Estimates Thai Floods: $35-65M

Bermuda-based Arch Capital Group Ltd. announced that the Company’s 2011 fourth quarter results will be negatively impacted by the severe flooding in Thailand in the range of $35 million to $65 million, net of reinsurance and reinstatement premiums. This preliminary loss estimate is based on industry insured losses ranging from $10 billion to $20 billion. Related... Read more of this article

Videos: Netball Who’s Who Tournament

The Signworx Netts are the Bermuda Netball Associations Who’s Who Tournament Champions following their 11 – 10 win over the DataTech Netts in the final on Saturday [Jan.7]. In early action the YMSC Blazing Bluebirds won by default over the NVCC Rams Too, while the DC Warriors went down 11 – 4 to the Signworz Netts. New Life were edged 10 –... Read more of this article

Upgrade For Knightsbridge Tankers

Bermuda’s Knightsbridge Tankers Limited was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating in a research note issued to investors today [Jan. 11]. Knightsbridge Tankers Limited is engaged in the international seaborne transportation of crude oil and dry bulk cargoes. Its fleet consists of four... Read more of this article

Video: Premier On Job Makers Act

Premier Paula Cox today [Jan.11] unveiled the guidelines for the Incentives for Job Makers Act which offers immigration inducements to those companies which make hiring Bermudians an organisational priority. The law, which came into effect on January 1, provides work permit exemptions for up to five foreign executives of firms based on the island Bermuda... Read more of this article

Personal Empowerment Seminars

Business Bermuda will be hosting a line-up of Personal Empowerment Seminars for 2012. Kicking off the series tomorrow [Jan.12] at 12:30 pm, is “Think Education Ends With a Degree?” Dr. Janet Ferguson, Executive Director of the Seniors’ Learning Centre at Bermuda College will explain the value of lifelong learning. “Education is more... Read more of this article

X’Roads Defeat Paget Lions 5 – 0

Last night [Jan.10] at the Devonshire Rec this First Division encounter got underway with X’Roads looking to take over second place, and the Paget Lions looking for their second win of the season. Rico Beek gave X’Road’s the lead in the 13th minute, Mikael Ming doubled the lead in the 20th minute. Dennis Musson Jr. made it 3 – 0 for X’Roads... Read more of this article