Author Archive: Bernews1

Dr. King’s Dream Inspires Bermuda Meeting

On the eve of this weekend’s official dedication of the Dr. Martin Luther King Jr. Monument in Washington DC, community group Imagine Bermuda is hosting a symposium tonight [Oct.13] inspired by the American civil rights leader who embodied selfless public service and dedication. The public meeting’s theme — “What might motivate... Read more of this article

Upcoming: Crime Stoppers 5K Road Race

The Argus Group, in association with Swan’s Running Club, announces the return of the annual Crime Stoppers 5K Walk and Road Race on Sunday, October 30, 2011. This year there is a brand new route and, based on feedback from previous years, a new Veteran age category for those aged over 60 has been introduced. Once again, the event will include a shorter... Read more of this article

Jermal Woolridge Advances To Semi-Finals

Bermuda’s Jermal Woolridge has earned a place in the Semi-Finals at the 11th World Wushu Championships in Ankara, Turkey by defeating Waldemar Zimmerman of Germany 2 rounds to 0. Woolridge [pictured to the left in red] started the match in dominating fashion by slamming his opponent to the mat twice within the first 30 seconds. The first round... Read more of this article

IRS Probes Google’s Bermuda Tax Avoidance

The US Internal Revenue Service is auditing how Google Inc. avoided American federal income taxes by shifting profits to subsidiaries in Bermuda and other off-shore jurisdictions, Bloomberg is reporting today [Oct. 13]. The agency is bringing “more than typical scrutiny to how the company valued software rights and other intellectual property... Read more of this article

XL Estimates Q3 Losses: $90/120M

XL Group plc announced preliminary net loss estimates of approximately $90 million to $120 million related to catastrophe loss events in the third quarter of 2011, including Hurricane Irene, Tropical Storm Lee, the September Texas Wildfires and the July Danish Floods. A statement released by the Company said, “Approximately three quarters of... Read more of this article

Career Fair To Start Today

The Ministry of Economy, Trade and Industry will offer a special employment advisory service as part of this week’s Career Fair. The 7th Annual Career Fair kicks off today [Oct.13] and continues on Friday, starting at 10.00 a.m. on both days. This week’s event will be held at the Bermuda College, and the Ministry of Economy, Trade and Industry,... Read more of this article

Nelson Bascome Memorial Golf Tournament

The Nelson Bascome Memorial Golf Tournament was held at the Port Royal Golf Course this past weekend, with the foursome of Barry DeCouto, Dion Mills, Chris Garland and Andrew Trott winning with a combined score of 14-under par. C. Talbot won the Closet To the Pin award on Hole #8, while Mike Emery won the award on Hole #13 and Eunice Caines won the... Read more of this article

White Mountains Reorganises, Rebrands

White Mountains Insurance Group, Ltd. this week [Oct.12] announced the completion of the reorganisation and rebranding of its global reinsurance business as the Sirius Group, formerly White Mountains Re. Allan Waters, President and CEO of Sirius Group, said, “We are pleased to now be operating globally under the longstanding Sirius brand with... Read more of this article

Bermuda Firms Hit By Tanker Glut

Bermuda-based owners of supertankers, losing money for a sixth consecutive quarter, are among the global operators who will probably idle the most ships in more than two decades as they contend with a glut that has driven charter rates to the lowest in at least 14 years. The combination of too many ships and slowing demand growth for oil means that... Read more of this article

Videos: Salsa Kids Perform In NY

Last month Bermuda’s very own Sea Breeze Salsa Kids travelled to New York took the stage at one of the largest gatherings of salsa enthusiasts in the world. The Bermudian contingent performed an energetic salsa routine spiced with a little modern flavour which caught the attention of those in attendance. Dressed in bright orange and white Latin... Read more of this article

Lt. Col David Burch Selected In C#27

Last night [Oct.12] the PLP candidate selection meeting for Constituency #27 Warwick North Central was held, which saw Lt. Col David Burch selected over George Scott, Senator Cromwell Shakir and Ianthia Wade. Lt. Col. Burch is unofficially said to have received 24 votes, to Mr Scott’s 9, Ianthia Wade’s 4 and Senator Cromwell Shakir’s... Read more of this article

Burt vs Butterfield: No Result Again

Last night [Oct.12] the PLP held a second candidate selection meeting for Constituency #18 Pembroke West Central, which saw Senator David Burt challenge the incumbent Minister Neletha Butterfield – and resulted in a tie. A PLP spokesperson said, “The selection meeting in Constituency 18, Pembroke West Central, produced no winner as Minister... Read more of this article