Author Archive: Bernews1

Axis Capital Declares Quarterly Dividend

Bermuda re/insurer Axis Capital Holdings Limited yesterday [Mar. 3] announced that the company’s board of directors has declared a quarterly dividend of $0.23 per common share. The common dividend will be payable on April 15, 2011 to the shareholders of record at the close of business on March 31, 2011. In addition, the board declared a dividend... Read more of this article

Jardine Matheson: ‘Outstanding Results’

Bermuda-incorporated Jardine Matheson Holdings Ltd. said today [Mar. 4] underlying profit jumped 34 percent, boosted by car sales in Indonesia, residential projects in Singapore and rising demand for its Mandarin Oriental International Ltd.’s hotel rooms. Underlying profit, or earnings from its ongoing businesses, increased to $1.4 billion from $1... Read more of this article

Women’s Group Donates Funds to Charity

On February 28, 2011 the local branch of The International Federation of Business and Professional Women [BPW] made a donation to three charities after raising funds during their annual tag day. In November of last year, Young BPW Bermuda (members of BPW Bermuda up to age 35) hosted their annual tag day to raise awareness for the World Day for the Prevention... Read more of this article

Report: Possible Job Cuts in the BPS

ZBM News carried a report on last night’s [Mar.3] news saying there may possibly be layoffs in the Bermuda Police Service [BPS] due to cuts made in the 2011/12 Budget. Gary Moreno reported that officers being laid off “is a possibility” and a “last resort.” He went onto report that the Commissioner of Police met with officers... Read more of this article

Photos: Two Tall Ships in St George’s

There are currently two tall ships berthed in St George’s. The ‘Thor Heyerdahl’ is currently berthed at Pennos Wharf, and the ‘Earl of Pembroke’ can be seen at Ordnance Island. The ‘Earl Of Pembroke‘ is a 100ft 3 masted Barque. She was built in Pukavik, Sweden in the 1940s, and in 1994 was commissioned as the... Read more of this article

Renaissance Aviation To Reinstate Workers

The majority of the full time staff severed at Renaissance Aviation will be taken back, according to a statement from the company. The company had been in a dispute with the Bermuda Industrial Union [BIU] regarding the termination of staff. A statement from the company said, “Over the past two days Renaissance Aviation, assisted by the Bermuda... Read more of this article

Victim Describes Moment of Shooting

A Somerset man who survived being shot seven times last year has told the Supreme Court the man who opened fire on him was defendant Marico Bassett [pictured below], allegedly a member of a west end gang. Randy Lightbourne, 45, told a Supreme Court jury that he had recognised Mr. Bassett when the alleged gunman rode a motorcyle into the parking lot... Read more of this article

“I Was Starving & Needed a Little Snack”

This morning [Mar.3] in Magistrates Court 52-year-old Elizabeth Shawler pleaded guilty to stealing goods to the value of $16.95 from the Marketplace in Hamilton. She was said to have taken a cutting board, baby wipes, coconut cream, diswashing liquid, and Pringles chips. The incident occurred on 28 January 2011 and she was stopped outside Marketplace... Read more of this article

Attorney General Visits Drug Treatment Court

Attorney General and Minister of Justice Michael Scott offered words of encouragement to clients of the Island’s Drug Treatment Court yesterday [Mar.2]. During his first visit, Minister Scott presented certificates of completion to several clients who’d completed various stages of recovery. The Bermuda Drug Treatment Court Programme [DTC], a division... Read more of this article

Family Dispute Lands Man in Court

This morning [Mar.3] in Magistrates Court Vernon “Chicken” Symonds of Somerset appeared on charges of assault arising out of a family dispute involving himself, his brother, his brother’s wife, and another member of the family. Mr Symonds had been arrested around 9:50pm on 1st March 2011 after a complaint had been lodged around 8:25pm... Read more of this article

Videos: Emergency Personnel Attend Airport

[Updated] For two days in a row, emergency personnel have been seen at the L.F. Wade International Airport. Emergency vehicles met the Air Canada flight #942 which arrived at from Toronto this afternoon [Mar.3]. Two fire trucks and an ambulance were on standby to greet the arriving plane. We unofficially understand that emergency personnel were on scene... Read more of this article

Tokio Millennium Opens Australian Branch

Bermuda-based Tokio Millennium Re Ltd., a subsidiary of Japan’s Tokio Marine & Nichido Fire Insurance Co., Ltd., today [Mar.3] announced the Australian Prudential Regulation Authority [APRA] has authorised the firm’s Australian branch to carry on insurance business in the country. Tokio Millennium Re Ltd.’s Australia branch [TMRA] is an... Read more of this article