Author Archive: Bernews1

PartnerRe Reports Q3 & Nine Month Results

Bermuda’s PartnerRe Ltd. yesterday [Oct.31] reported net income of $180.1 million, or $2.43 per share on a fully diluted basis for the third quarter of 2011. This net income includes net after-tax realised and unrealised gains on investments of $6.2 million, or $0.09 per share. Net income for the third quarter of 2010 was $524.9 million, or $6.76... Read more of this article

Bermuda-Owned Dog Featured In Magazine

Doggone it! Bermuda-owned Rottweiler Tatunka vom Eschenhagen was featured on the cover of a recent edition of “Total Rottweiler Magazine.” Owned by Jack Castle, Donna Castle and Adrienne Dehaas, Tantunka vom Eschenhagen is a five-year-old male who has compiled an impressive resume that includes national titles from Bermuda, America, Canada... Read more of this article

Accountant General To Launch New System

The Accountant General’s Department is in the final stages of the implementation of a major upgrade to the Government’s financial information management system. The financial information management system is being upgraded from the J D Edwards World version to the Enterprise One (“E1”) version and will go live tomorrow [Nov.2]. The upgraded... Read more of this article

Lister, Butterfield, Furbert To Be Replaced?

On this evening’s [Oct.31] newscast ZBM reported that Ministers Terry Lister and Minister Neletha Butterfield and Senator Laverne Furbert may be replaced in the first shake-up of Premier Paula Cox’s Cabinet and Upper House teams since they were sworn in exactly a year ago tomorrow . In November, 2010, newly-elected Premier Cox appointed... Read more of this article

Devonshire South Central Election Tomorrow

The Devonshire South Central by-election will be held tomorrow [Nov.1], with veteran Parliamentarian John Barritt to be replaced by one of the three contenders. The by-election was called due to the resignation of Mr. Barritt, who had promised to step down if the a new Opposition Leader selected at a September party conference was not an elected Member... Read more of this article

Photos: 2011 Fire Safety Awareness Week

Fire Safety Awareness Week officially kicked off today [Oct.31], with the official opening ceremony held at the Hamilton Fire Station this morning. Every year, the Ministry of National Security, in conjunction with the National Fire Protection Association, sister Fire Departments across the United States and the United Kingdom participate in an initiative... Read more of this article

36-Yr-Old Man Assaulted In Sandys

A 36-year-old man was assaulted in Sandys on Friday [Oct.28], with the suspect escaping on the victim’s motorbike. A police spokesperson said, “At 11:45 pm on Friday October 28th, police responded to a reported robbery at the junction of Middle Road and Woodlawn Road in Sandys.” “It appears that a 36 year old Sandys man was riding... Read more of this article

Mickey’s To Open For Lunch This Winter

Bermuda residents can look forward to a different kind of escape this winter at Elbow Beach as Mickey’s Beach Bistro and Bar will continue to open for lunch on the weekends. Beginning on November 5, Mickey’s will launch their new “Escape to Mickey’s” New England bistro-style lunch menu. On Saturdays and Sundays only, the specialty lunch menu... Read more of this article

Nabors Under Fire Over $100M CEO Payout

Bermuda oil driller Nabors Industries is coming under fire after “The Wall Street Journal” revealed the company had paid $100 million to chairman Eugene Isenberg after he relinquished his post as chief executive. The “Financial Times” reported this afternoon that Hamilton-based company has faced shareholder rebellions in the... Read more of this article

Argo Insurance Launches Landscape Policies

Bermuda’s Argo Insurance will offer a slate of property and casualty lines of insurance specialty tailored towards US landscape and arborist contractors [Oct. 31]. Argo has formed a partnership with First Capital/Arrowhead Wholesale Insurance Services in order to offer coverage for property, crime, inland marine, commercial auto and excess risk. First... Read more of this article

Website’s Critical Analysis Of EIOPA Report

While Japan and Switzerland meet the equivalence criteria for Europe’s Solvency II regime “with caveats” , Bermuda still has considerable work to do before it’s likely to be granted equivalency according to an analysis by the financial news website Risk.net. Risk.net said today [Oct. 31] the European Insurance and Occupational... Read more of this article

Bermuda Oil Firm’s Operational Update

In an operational update on its drilling programme in Iraqi Kurdistan, Bermuda’s Gulf Keystone announced today [Oct.21] that the Shaikan-5 appraisal well has spudded on the Shaikan block. Shaikan-5 is the third deep appraisal well to be drilled on the company’s major oil discovery with independently audited gross oil-in-place volumes of... Read more of this article