Author Archive: Bernews1
Allied World 2011 Q2 Net Income: $93.8M
Allied World reported net income of $93.8 million for the 2011 second quarter, a reduction from last year’s $184 million. A statement released by the Company said, “Allied World Assurance Company Holdings reported net income of $93.8 million, or $2.36 per diluted share, for the second quarter of 2011 compared to net income of $184.0 million,... Read more of this article
Video: Swimmers Return From Shanghai, China
Last night [Aug.3] two swimmers arrived in Bermuda after competing at the 14th FINA World Championships held in Shanghai, China. Both Julian Fletcher and Roy-Allen Burch returned home, while fellow team member Kiera Aitken went back to Spain where she lives and trains. The event saw the three Bermudian swimmers go up against the best in the world, with... Read more of this article
New DVD: 1961 Film Featuring Bermuda Actor
A 50-year-old British movie featuring Bermudian actor Earl Cameron is scheduled to be released on DVD next month. Oklahoma-based VCI Entertainment will be releasing the DVD of “Flame In The Streets” on September 20, 2011. The 1961 film takes a look at the racial prejudice in the era, something which Mr Cameron faced off screen during his career. Born... Read more of this article
Award Winners Head To Conference In Kenya
This September, The Duke of Edinburgh Award Programme will host what is known as the ‘International Gold Event’ (IGE) – a youth led leadership conference for selected Gold Award holders from around the world. A Bermuda contingent will attend the conference in Kenya, and anyone interested in donating materials for Kenyan schools is welcome to... Read more of this article
Endurance Declares $0.30 Quarterly Dividend
Yesterday [Aug.3] Bermuda-based Endurance Specialty Holdings Ltd. declared a quarterly dividend of $0.30 per ordinary share, $0.484375 per share payable on its 7.75% Non-Cumulative Preferred Shares, Series A and $0.46875 per share payable on its 7.50% Non-Cumulative Preferred Shares, Series B. The dividend on Endurance’s outstanding ordinary... Read more of this article
Dunkley Responds To Questions From The PLP
In the Senate last week, OBA Senator Michael Dunkley suggested we expand the Economic Empowerment Zone [EEZ] throughout the island, something the PLP questioned saying “by extending the EEZ beyond Somerset, St. George’s and NE Hamilton, you take away important incentives for businesses to invest in these communities.” As they did last... Read more of this article
$40,000 KPMG Scholarships: Terceira & Wellman
The Partners at KPMG in Bermuda announced that due to the “exceptional calibre” of applicants, two scholarships have been awarded this year, with scholarships being presented to both Christine Terceira of Devonshire, and Tansae Wellman of Pembroke. The two recipients so impressed the firm’s Scholarship Committee that the decision was... Read more of this article
Emily: No Threat To Bermuda At This Time
The Bermuda Weather Service is closely monitoring Tropical Storm Emily and as of today [Aug.3] says that it is “not a threat to Bermuda at this time.” The storm’s closest point of approach to the island within 72 hrs is forecast to be 759 nautical miles to the west-south-west at 6pm this coming Saturday [Aug.6]. Tropical Storm Emily... Read more of this article
Court Hears Prowling & Intrusion Cases
A 35-year-old man pleaded not guilty to intruding on a woman’s privacy in Magistrates Court this morning [Aug.3]. The alleged incident is said to have occurred on July 10, 2011. Paulo Almeida was released on $2,000 bail and told to stay away from the female complainant. Also appearing in court this morning was 25-year-old Jamel Bascome who pleaded... Read more of this article
Video: Injured Man Arrives Via Navy Helicopter
Earlier this afternoon [Aug. 3] a military helicopter touched down at Bermuda’s L.F. Wade International Airport, in order to transfer an injured man to a waiting ambulance. The sailor and helicopter arrived from a U.S. warship that is located to the north of Bermuda. At approximately 3:50pm the helicopter arrived at the airport where it was met... Read more of this article
AXIS: Q2 Net Income Declines To $101 Million
Bermuda-based AXIS Capital Holdings Limited today [Aug.3] reported net income available to common shareholders for the second quarter of 2011 of $101 million, or $0.79 per diluted common share, compared with $205 million, or $1.51 per diluted common share, for the second quarter of 2010. For the six months ended June 30, 2011, AXIS Capital reported... Read more of this article
Validus Quarterly Dividend: $0.25 Per Share
Bermuda based re/insurer Validus Holdings, Ltd announced today [Aug.3] that its Board of Directors has declared a quarterly dividend of $0.25 per common share and $0.25 per common share equivalent for which each outstanding warrant is exercisable. The dividend is payable on September 30, 2011 to shareholders and warrant holders of record on September... Read more of this article
