Author Archive: Bernews1

Platinum Declares Quarterly Dividend

Bermuda based Platinum Underwriters Holdings, Ltd. announced today [July 20] that its Board of Directors has declared a quarterly dividend of $0.08 per common share. The dividend is payable on September 30, 2011 to shareholders of record on September 1, 2011. Yesterday the Company reported a net loss of $20.4 million and a loss per common share of $0.55... Read more of this article

Tourism Down 3.5%, Air Arrivals Up, Cruise Down

[Updated with full report] Today Minister of Business Development and Tourism Patrice Minors provided information on the tourism statistics for the first six months of 2011. The total amount of visitors to Bermuda for the second quarter of 2011 was down 3.5% with 243,858 tourists visiting the island during this period, compared to 252,734 in 2010 –... Read more of this article

Richards: Steps To Rebuild Bermuda’s Economy

[Written by Bob Richards, Shadow Finance Minister] A founding principle of the One Bermuda Alliance is opportunity. We believe that if you work hard and play by the rules then you should have the opportunity to succeed. Opportunity depends on a strong economy which today is weak, with job losses and shrinking paycheques pressuring thousands of families. We... Read more of this article

Drug Bust Nets Cocaine, Heroin & Cannabis

[Updated] Earlier this afternoon [July 20] the Police arrested two men and seized a substantial amount of heroin, cannabis and cocaine at a Warwick residence, located off South Shore Road. Assistant Commissioner David Mirfield said the seizure was due to a long-running police investigation, and declined to go into further details. Bernews unofficially... Read more of this article

Facebookers In The Cup Match Spirit

Bermudians on Facebook are starting to declare their interest in advance of next week’s Cup Match holiday, with blue/blue and red/blue badges popping up on profile photos all over the social network. As of this writing, St. Georges is leading the way with 447 supporters, while Somerset has 376 supporters. Comments are also being left in support... Read more of this article

Troy Harvey: Dandy Town Youth Academy Director

Western Stars/Dandy Town has appointment Troy Harvey to the position of Youth Director of The New Dandy Youth Academy. Mr. Harvey has served as: Youth Coordinator at NVCC; Youth Coordinator and Scheduler for the BFA; Vice Chair of the Competitions committee at the BFA; Player Development Committee member at the BFA; and national U16 and U17 Youth coach.... Read more of this article

Devonshire Colts U14 Win USA Cup Games

Devonshire Colts Under 14 Team yesterday [July 19] started their Schwans USA Cup – America international tournament in Minnesota with a win. This is a yearly tournament and attracts teams as far as Japan, Ecuador and Brazil to name but a few. Devonshire Colts took on a Rio Select defeating them 4-1. At 5:10pm the USA Cup went to a BLACK Flag. All... Read more of this article

Bermuda Pacers Head To North Carolina Meet

Thirty–five members of the Bermuda Pacers Track club flew out of the Island today [July 20] to make their thirtieth appearance at the prestigious Russell E. Blunt /East Coact Invitational Track Meet that will be held at Duke University in Raleigh, NC. The meet will start on Friday, July 22, 2011 and conclude on Sunday 24, 2011. This event normally... Read more of this article

Videos: Town Hall Q&A With Premier & Ministers

Over 200 people packed Warwick Workmans yesterday [July 17] evening, as Premier Paula Cox hosted a town hall meeting to discuss Bermuda’s economy. Entitled, “Pulling Together to Make it Better For Bermuda”, the panel also included Minister of Economy, Trade and Industry Kim Wilson, Minister of Business Development and Tourism Patrice Minors, Minister... Read more of this article

Validus Responds To Transatlantic Holdings

Bermuda based Validus Holdings, Ltd. today [July 20] responded to yesterday’s announcement by the Board of Directors of Transatlantic Holdings, Inc. A Validus spokesperson said, “Validus has delivered to the Board of Directors of Transatlantic a Superior Proposal that provides a 27.1% premium to the June 10, 2011 Transatlantic unaffected... Read more of this article

Local Baseball Team To Compete In U.S.

YAO Baseball will represent Bermuda at the New England Region Baseball Tournament in the U.S. The Bermuda Team will consist of Mateo Donawa, Christopher Ricca, Mateo Rodriguez, Andrew Daly, Dylan Sommerville, Joshua Allen, Ben Cook, Joey Dougherty, Corey Simas, and Max Betetto, while the coaches are Andrew Cook, Chris Dougherty, Mike Daly and Donovan... Read more of this article

Photos/Videos: Police Seize 115 Cannabis Plants

[Updated] This morning [July 20] the Police have located yet another large quantity of cannabis plants, this time in the west end. This is the fourth seizure of cannabis plants in the past few weeks, following after a seizure on July 14 in Tudor Hill, Southampton, July 4 in Smith’s Hill Drive, St. David’s and June 27 in an undisclosed area... Read more of this article