Author Archive: Bernews1
US Bank Director’s Secret Bermuda Account
US prosecutors yesterday [May 18] charged a Boston bank director with failing to report income hidden in a secret HSBC bank account in Bermuda, the “Wall Street Journal” has reported. The leading financial and business newspaper describes the proesution as the latest move by Washington in ongoing efforts to combat off-shore tax evasion. Michael... Read more of this article
Murder: Kevin Warner Found Guilty
[Update: The jury came back at approximately 3:45pm and returned a verdict of guilty. The five-man six-woman jury unanimously convicted Mr Warner of premeditated murder and possession of a firearm. He has been remanded in custody and will be sentenced at a later date.] The jury is presently deliberating in the murder trial of 21-year-old Kevin Andre... Read more of this article
Pilot Darrell: ‘Ability And Steadfastness’
The inscription on his headstone at St. Peter’s Churchyard, St. George’s captures the essence of the man and the high regard in which he was held: “James Darrell, Who died 12th April 1815 aged 66 years. In his public life as a servant of his country he obtained the general approval of his talents and worth. In his private walk as a... Read more of this article
Photos: Launch Of Stamps Honouring Pilots
This morning [May 19] a new commemorative stamp in honour of piloting in Bermuda was launched at the General Post Office. In addition, an exhibit on James ‘Jemmy’ Darrell also went on display. Minister of Government Estates and Information Services Neletha Butterfield said, “I am extremely pleased to participate in the launch of this... Read more of this article
Cricket: The BELCO Cup Awards Presentation
Today [May 19] the Bermuda Electric Light Company Limited [BELCO] and the Bermuda Cricket Board [BCB] presented cheques for the ninth annual BELCO Cup which was held last weekend. BELCO president Andrew Parsons congratulated Southampton Rangers for their seventh victory over last year’s winners, Pembroke Hamilton Club [PHC]. Janeiro Tucker... Read more of this article
John Barritt Announces OBA Shadow Cabinet
Today [May 19] One Bermuda Alliance Leader John Barritt announced a new Shadow Cabinet featuring a broad mix of former United Bermuda Party and Bermuda Democratic Alliance Parliamentarians. Former BDA leaders and newly appointed Senators Craig Cannonier and Dr. Kathy Michelmore both found themselves taking on key Shadow portfolios — Sen. Cannonier... Read more of this article
Videos: Harbour Nights Charity CD Launch
Backers of “Ride the Wave”, Volume Two — the double-CD featuring 37 tracks of Bermuda music –are confident the charity project made a huge splash when it went on sale at Harbour Nights yesterday evening [May 18]. “Ride The Wave”, Volume Two — featuring original material by established artists like Troy Anthony... Read more of this article
May 24th: Police To Maintain High Visibility
Supported by the Bermuda Reserve Police and the Bermuda Regiment, the Bermuda Police Service said they will be “conducting high visibility patrols” and are “intent on deterring those members of the public that might seek to disrupt the holiday with acts of violence and criminality.” Superintendent Martin Weekes also spoke on... Read more of this article
BF&M’s Profits Slip In ‘Weakened Economy’
BF&M Limited today [May 19] announced net earnings for the year ended December 31, 2010 of $17.3 million, resulting in a return on shareholder’s equity of 10 percent which president and CEO John Wight said “represented a decrease from 2009 results of $19.6 million”. Mr. Wight added that “2010 proved to be a challenging year for Bermuda... Read more of this article
Photos & Videos: First Harbour Nights Of Season
The first Harbour Nights of 2011 kicked off last night [May 18], as Front Street was closed to vehicular traffic, and the street came alive with crowds, street vendors, entertainment and more. Dozens of vendors and entertainment was on offer; food vendors, face painting, live music, gombeys and more. This year Harbour Nights will run every Wednesday... Read more of this article
RenaissanceRe Announces Quarterly Dividend
Yesterday [May 18] the Board of Directors of RenaissanceRe Holdings Ltd. announced a quarterly dividend of $0.26 per common share on its common stock. The dividend is payable on June 30, 2011 to shareholders of record on June 15, 2011 Bermuda-based RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. Related Stories RenRe... Read more of this article
Lindo’s Installs Solar Energy System
Bermuda’s first commercial installation of a photovoltaic (PV) solar energy system has been completed, at Lindo’s Market in Devonshire. This system will produce approximately 11,340 kilowatts of energy per month, enough to handle between 40 and 60% of Lindo’s load requirements at any given time. “It’s extremely gratifying to bring solar energy... Read more of this article
