Author Archive: Bernews1

Partner Re Adds $88M To Quake Claims

PartnerRe Ltd., the Bermuda-based reinsurer, said yesterday [Dec.15] it will add $88 million to its estimated losses from the Japanese earthquake in the fourth quarter. With the charge, the company will “reserve the full limit of its Tohoku Earthquake exposure related to its largest Japanese cedant”, PartnerRe saidin a statement. PartnerRe, led... Read more of this article

Phillips Tops Stats In Slovakian Win

Sullivan Phillips led his team in scoring, assists and steals as his Prievidza Team won their twelfth game of the Slovakia’s Men’s National Basketball Season with a five point win over Nova Ves. Prievidza jumped out to a seven point first quarter lead with the score 25 – 18 when the buzzer went off, however Nova Ves scored 25 points in the second... Read more of this article

UK Painter Of Historic Bermuda Ships Dies

Renowned British marine artist Deryck Foster — whose paintings often featured Bermuda ships and Bermuda seascapes — is memorialised in the UK “Daily Telegraph” today [Dec. 15] The acclaimed painter, whose work was bought by the Duke of Edinburgh and the former Prime Minister Edward Heath, first came to the island in 1972 at the... Read more of this article

Diabetes Association Receives Donation

After a second successful Cabbage Patch Charity Keelboat Regatta Race, Digicel Bermuda and the Royal Bermuda Yacht Club [RBYC] successfully raised $8,556 for the Bermuda Diabetes Association. Started in 2010, the aim is for the sailing community to raise funds to benefit a chosen community oriented charity every year. Meals on Wheels was the beneficiary... Read more of this article

Teresa Perozzi’s Trinidad Fight Postponed

Bermuda’s Teresa Perozzi’s bout against Trinidad’s Lorissa Rivas for the WBC and WIB Women’s Middleweight Title Belts – which was scheduled for Boxing Day — has now been postponed. Ms. Perozzi said, “I am not sure what I am most disappointed in, I have had some suspicions that the fight was not going to come off, I have been trying... Read more of this article

Upcoming: Masters Swim Champs

The Bermuda Masters Swimming Association [BMSA] will host the inaugural Bermuda Masters National Age Group Swimming Championships this Sunday at the BASA Pool. Olympic swimmer Roy Allan Burch is set to touchdown here on Thursday in preparation for Christmas, and he has announced that he will compete in individual races. “Are you kidding? I would... Read more of this article

Driver Injured In St. David’s Accident

Emergency services responded to St. David’s Road at approximately 11:15pm last night [Dec 14] to an accident involving a car and a taxi. We unofficially understand one of the drivers received minor injuries. Fire Service personnel administered first aid to the female until an ambulance arrived and transported her to King Edward Memorial Hospital... Read more of this article

S&P Affirms Butterfield’s Ratings

The Bank of N.T. Butterfield & Son Limited announced that, in a rating update dated 13 December 2011, credit rating agency Standard & Poor’s [S&P] has affirmed Butterfield’s long-term credit rating at A- and its short-term customer deposit rating at A-2. S&P also increased the rating of the Bank’s preferred shares to BBB. Brad... Read more of this article

Attempted Murder: Noet Barnett Found Guilty

[Updated] The jury in the attempted murder trial of Noet Barnett came back with a verdict this evening [Dec.14], finding Mr Barnett guilty of attempted murder. Mr Barnett, 25, was accused of shooting Jeremiah “Rocks” Dill on October 4, 2010 on Parsons Road by the One Stop Variety Store. The two men were friendly before the shooting; Mr... Read more of this article

Hamilton Princess: $52M Upgrade

Tourism & Business Development Minister Wayne Furbert joined the owners and management of Fairmont Hamilton Princess today [Dec.14] in announcing a new $52 million waterfront development project. The Government has granted in-principle support for the concept of a redevelopment plan submitted by the hotel for a yacht club and additional rooms. The... Read more of this article

OBA’s Richards On Pre-Budget Report

[Updated with videos] “We are living with the consequences of a government that has lost control of the public purse and put the Island on a path to financial ruin,” said Shadow Finance Minister Bob Richards. Speaking at a press conference this afternoon [Dec.14], Mr Richards said, “The Government’s Pre-Budget Report released... Read more of this article

Blazers Forfeit Match For Safety Reasons

The Boulevard Blazers of the Digicel Premier Division have forfeited the Friendship Trophy competition 2011/12, pulling out of the scheduled match which was to be played in Somerset. The Boulevard Blazers were scheduled to play Somerset Trojans in the preliminary round tonight [Dec.14] at Somerset Cricket Club. This now means Somerset Trojans will advance... Read more of this article