Author Archive: Bernews1

BMA: Offshore Group of Insurance Supervisors

The Bermuda Monetary Authority hosted the working group meeting of the Offshore Group of Insurance Supervisors [OGIS] from the 11th – 13th May. Sixteen participants from 13 jurisdictions were represented at the annual meeting to discuss pertinent issues relating to the supervision of international insurance business. Commenting on the meeting Shelby... Read more of this article

Salaries: What Exactly Do Politicians Make?

Recently Bermuda Public Services Union president Kevin Grant called on Bermuda’s Parliamentarians to consider taking symbolic pay cuts after proposing a 1.25 percent salary hike for civil servants in an offer which has been on the table since January. Mr. Grant repeated the call when hundreds of BPSU members demonstrated outside the Cabinet... Read more of this article

Flagstone Re Declares Quarterly Dividend

Bermuda based re/insurer Flagstone Reinsurance Holdings announced that its Board of Directors declared a quarterly dividend of $ 0.04 per Common Share. The dividend is payable on June 15th, 2011 to shareholders of record at the close of business on June 1st, 2011. Related Stories Chile’s Velasco Joins Lazard Ltd. BTC Sale To Barrie Holdings... Read more of this article

Photos: Regiment 3 Mile Walk & 5 Mile Run

The Bermuda Regiment held their 3 Mile Walk and 5 Mile Breakfast Run yesterday [May 16]. Sean Trott and Jennifer Allen are the male and female champions. Jay Donawa finished second with a time of 26:45. Jennifer Allen was fourth overall with a time of 31:52, while Kathleen Mononey was the second female finisher clocking 36:31 finishing 7th overall. Slideshow... Read more of this article

Latroya Darrell Sets New National Record

This past weekend, Latroya Darrell competed in the Southeastern Conference Track & Field Championships in Georgia, powering out a 13.04m in the Triple Jump to set a new Bermuda National Record. Ms Darrell recorded leaps of 12.74, 13.04, 12.53, 12.66 and a foul on her final attempt. The 13.04 was also a personal best for Ms Darrell. There were three... Read more of this article

Photos & Results: Motocross Trophy Race Day

Yesterday [May 15] the Bermuda Motocross Association held their Mai Construction Trophy Race Day at the Southside Motor Sports Park. Keon Glasfordtook the day’s honors in the Pee Wee Class, while Lazai Outerbridge won the 50cc 4 – 6 Age Group Class and logan Jones won the 50cc 7 – 9 Age Group Class. Kai-Jun Simons won the 65cc 7 – 9 Class,... Read more of this article

Photos: First Power Boat Race Of 2011 Season

The Bermuda Power Boat Association hosted its first power boat race of the season at Ferry Reach yesterday [May 15]. Andy & Anthony Stoneham won the S Class, while Henry Talbot, Jr & Howard Ascento won the C Class. Taking the top honors in the D Class was Ryan Davidge & Andrew Osbourne, while the husband and wife duo of Chris & Heather... Read more of this article

Video: Daren Herbert Appears On A&E TV Drama

Bermudian actor Daren A. Herbert appeared on A&E’s new drama Breakout Kings on May 8 2011. The drama — about fugitives helping the police catch other fugitives and originally developed for Fox — premiered in March 2011. Tired of outdated methods of law enforcement, veteran U.S. Marshals Charlie Duchamp and Ray Zancanelli decide... Read more of this article

Photos: Royal Bermuda Ascot Horse Show

The Royal Bermuda Ascot Garden Party & Horse Show was held yesterday [May 15] at the Ocean View Farm, and funds raised will be used to support some of the island’s equestrians who have qualified to compete in the 2011 Pan Am Games. A spokesperson said, “Bermudian equestrians in pursuit of qualification to join Show Jumper Patrick Nisbett who... Read more of this article

Tyrone Smith Finishes 7th In China

Bermuda Athlete of the Year Tyrone Smith finished the 7th in the long jump at the Dunlop Shanghai Golden Grand Prix in China. Mitchell Watt of Australia produced an effort of 8.44m to win, equaling his own world-leading mark and setting a meeting record. Su Xiongfeng of China leapt a personal best of 8.19m to claim second place, with Ignisious Gaisah... Read more of this article

Photos: Southampton Rangers Win BELCO Cup

Southampton Rangers beat PHC to win the 2011 BELCO Cup today [May 15], taking back a trophy they held for over five consecutive years up to 2010. The two teams also met up in the finals last year, with PHC walking away with the win over Rangers. At the prize giving Southampton Rangers President joked that PHC had to “pay rent” since they... Read more of this article

Photos: St George’s Olde Towne Market

Vendors and customers alike came out to the St. George’s Olde Towne Market this afternoon [May 15]. Water Street was filled with tables, with local vendors out selling items including Bermuda books, a wide variety of jewelry, clothing, handmade cards, mini gombeys, dolls, fresh baked goods, handbags and more. The Olde Towne Market launched on Halloween... Read more of this article