Author Archive: Bernews1

Stand Up Bermuda: June 26 Peace Rally

A newly formed anti-violence group is calling on the community to join them on June 26th for the ‘Stand Up For Change Peace Rally.’ ‘Stand Up Bermuda’ is organizing the event, which will see two groups marching from both Dockyard and St.George’s starting from 12 noon. The march will end at City Hall, where the group will... Read more of this article

BSX: Four Decades of Securities Trading

The Bermuda Stock Exchange [BSX] is celebrating its fortieth anniversary and, to mark the milestone, has produced a commemorative publication entitled “Four Decades of Securities Trading”. From ping pong balls to state-of-the-art technology the publication traces the Exchange’s vibrant forty-year history and seeks to offer insight into the Exchange’s... Read more of this article

Hiscox Predict Catastrophe Rate Increases

Bermuda-based Hiscox, the second-largest Lloyd’s of London insurer by market value, said first-quarter sales fell eight percent amid a “tough” market — but anticipated a rate increase of up to 10 percent in US catastrophe reinsurance business for 2011. In a statement issued today [May 9], Hiscox said gross written premiums declined to $743.4... Read more of this article

NYT: States Seek To Keep Captives Onshore

Vermont, Utah, South Carolina, Delaware and Hawaii are among the states now reworking their regulatory frameworks to attract the lucrative private insurance deals once conducted almost exclusively in Bermuda, the “New York Times” reports today [May 9]. In order to keep high-end US re/insurance transactions onshore, a number of states are... Read more of this article

May 11: Screening Of “500 Years Later”

This coming Wednesday [May 11] Part 1 of the award winning film “500 Years Later” will be shown from 6:00 – 8:00 pm at Chewstick, located on the corner of Elliott & Court Streets. The film’s synopsis says, “Filmed in five continents, and over twenty countries, 500 Years Later is a timeless compelling journey, infused with the... Read more of this article

Results: School Mountain Biking Champs

Bermuda Institute won the Middle School title and Saltus Grammar took the top spot in the Primary race at Sunday’s Primary & Middle Schools Team Mountain Biking Championship at the Arboretum. 14 primary schools and 4 middle schools contested the races which were organized by the Bermuda Bicycle Association (BBA) and supported by the Bermuda... Read more of this article

Photos: Military Aircraft Leave Bermuda

At approximately 10:45am yesterday [May 8], motorists once again came to a stop on Kindly Field Road to witness visiting military aircraft, this time, preparing to leave. Two large Royal Air Force aircraft have been seen parked at the LF Wade International Airport together with a total of eight smaller fighter type jets. This morning saw one large... Read more of this article

Six Videos: Catlin End To End

Approximately 2,500 people took part in yesterday’s [May 7] Catlin End-to-End Event, Bermuda’s biggest fundraising event of the year. This year’s the money raised will go to Meals on Wheels, The Family Centre, Windreach, Friends of Hospice, the Multiple Sclerosis Society of Bermuda, Lady Cubitt Compassionate Association, Caron, the Bermuda... Read more of this article

May 15: Royal Bermuda Ascot Event

On May 15th the Royal Bermuda Ascot Garden Party & Horse Show will be held 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 this years’s Pan Am Games. A spokesperson said, “The Bermuda Ascot Committee takes great pleasure in inviting you to join us... Read more of this article

Enstar Group Reports First Quarter Profit

Bermuda re/insurer Enstar Group Limited filed its quarterly report on Form 10-Q with the US Securities & Exchange Commission on May 6, reporting its earnings and financial position for the three months ended March 31, 2011. Enstar reported consolidated net earnings of $3.5 million (or $0.26 per fully diluted share) for the three months ended March... Read more of this article

FIFA: “Senseless” Bermuda Murders

The president of FIFA, the world governing body of football, has sent a letter of condolence to the Bermudian football family offering his unwavering support and sympathy upon hearing news of the recent murder of two of the country’s up-and-coming football prospects. Jason Smith, 22 and a striker with PHC football club, was shot dead on May 1. That... Read more of this article

Tyrone Smith Wins Grand Prix In Japan

[Updated] Bermuda’s Tyrone Smith has won the Men’s Long Jump at the IAAF World Challenge/Seiko Golden Grand Prix in Japan. Mr Smith, the Bermuda National Record Holder, won the long jump with a leap of 8.09, just beating out Mitchell Watt of Australia who had come into the competition as the favourite. In third place was Japan’s Yohei Sugai... Read more of this article