Author Archive: Bernews1

Enstar Posts Results, Names New Chairman

Bermuda’s Enstar Group Limited has filed its quarterly report on Form 10-Q with the US Securities & Exchange Commission, reporting its earnings and financial position for the three and nine months ended September 30, 2011. Enstar reported consolidated net earnings of $12.1 million (or $0.83 per fully diluted share) for the three months... Read more of this article

Gale Warning In Effect This Weekend

National Security Minister this afternoon [Nov. 4] advised the public to keep an eye on the weather as a Gale Warning has been issued for Saturday night and Sunday by the Bermuda Weather Service. A statement issued said, “Winds are expected to reach between 30 and 40 knots from the East and Southeast with gusts of up to 50 knots. Long periods... Read more of this article

Cannonier: ‘Bermuda Needs Better Direction’

Describing this morning’s Throne Speech as “an election document”, Opposition Leader Craig Cannonier said Goverment’s legislative agenda for 2012 simply paid lip-service to Bermuda’s economic woes and was not a blue-print for recovery. In his initial comments on the Throne Speech, the One Bermuda Alliance Parliamentarian... Read more of this article

Pembroke Resident Denies $21,528 Bank Fraud

Fifty-seven year-old Helene Louise Sutcliffe of Fenton’s Drive Pembroke, pleaded not guilty to 15 charges involving fraud, and elected to have the matter heard at Magistrate Courts’ level. Today [Nov.4], before Magistrate Khomisi Tokunbo, she was charged with five counts involving receiving a total of $21,528.69 from the account of a Butterfield... Read more of this article

Police K-9 Unit To Hold Weekend Display

On Saturday [Nov.5], the Police K-9 Unit will be presenting an hour long display at the Bermuda SPCA Animal Expo and Fair 2011. It will be held at the Botanical Gardens; with the K-9 display taking place from 12:00 – 1:00 pm. “This will be a good opportunity to see the K-9 Unit in action,” said a Bermuda Police spokesman. “They were... Read more of this article

Horseshoe Parking Lot Closed For Triathlon

The Department of Parks has advised that the upper level of the Horseshoe Bay parking lot will be closed this evening, Friday November 4 and all day Saturday, November 5, 2011. The entire parking lot will be closed to traffic from tomorrow evening, Saturday, November 5 until approximately 12 noon on Sunday, November 6 2011. The closure will enable the... Read more of this article

Videos/Text: Premier’s Throne Speech Comments

[Updated] There can be no “no-go” subjects as Government attempts to manoeuvre Bermuda out of the worst financial crisis since the beginning of World War Two, Premier Paula Cox said today [Nov.4]. Speaking at a Cabinet Office press conference following the reading of the Throne Speech by Governor Sir Richard Gozney, Ms Cox said nothing could be... Read more of this article

Flagstone Reports $59.5M Third Quarter Loss

Flagstone Re — based in Luxembourg but with its executive offices and prime underwriting platform in Bermuda — has swung to a net loss of $59.5 million in the third quarter from a net profit of $37.3 million for the same quarter last year. The reinsurer’s net premiums written during the period fell 23.3% year on year to $122.2 million,... Read more of this article

Government May Consider Gaming Referendum

Government will consider putting the controversial issue of gambling to a referendum and let the Bermudian people decide whether casinos should be introduced to help the island’s ailing hospitality industry. In today’s Throne Speech — outlining the Government’s legislative aims for 2012 — Governor Sir Richard Gozney said... Read more of this article

‘Seven Seas Navigator’ To Skip East End Call

The cruise ship “Seven Seas Navigator” will be giving the East End a miss this weekend. Bermuda Maritime Operations was informed this afternoon that “Seven Seas Navigator” will no longer being making her scheduled stop at St. Georges because of gales which are expected over the weekend. She will instead leave Bermuda tomorrow for the... Read more of this article

Environment Minister Attends BIOS Ceremony

Newly appointed Environment Minister Marc Bean this week [Nov.3] unveiled a plaque at the Bermuda Institute of Ocean Sciences East End facility commemorating the Bank of Bermuda Foundation’s contributions to its ground-breaking scientific research. Mr. Bean said donations provided by the charitable foundation had allowed BIOS to purchase its research... Read more of this article

Photo Set #2: Reconvening of Parliament

Scores of locals and visitors thronged Front Street this morning [Nov.4] to catch a glimpse of the annual Reconvening of Parliament — one of the most colourful and tradition-steeped ceremonies on Bermuda’s public calendar. Held on the Cabinet Office grounds, Governor Sir Richard Gozney delivered the Throne Speech outlining Government’s... Read more of this article