Author Archive: Bernews1

OBA Release Findings Of JetGate Investigation

[Updated] OBA Chairman Thad Hollis has released a full statement on the “JetGate” investigation, confirming that the money was sent to an account which was opened with two signatories; Mr. Steven DeCosta and Mr. Derrick Green. Mr. Hollis said the account “was not authorised by the established protocols of the OBA” and said it... Read more of this article

PLP MPs Not In Parliament For Second Week

[Updated] In a repeat of last week, none of the Progressive Labour Party MPs are seated in the House of Assembly this morning [July 18], with only One Bermuda Alliance MPs and Independent MP Terry Lister seated as of this writing [10.40am]. Also in a similar vein to what occurred last week, many of the PLP MPs appear to be present on the property, but... Read more of this article

DeFontes: Business Alliance Plans “Suspended”

Yesterday morning [July 17] the doors of DeFontes Broadcasting [VSB] were briefly locked due to a disagreement between local businessman Spencer Conway and DeFontes Broadcasting. A VSB spokesperson said, “Following a breakdown in the negotiations between DeFontes Broadcasting Limited and a management team headed by local businessman Spencer Conway,... Read more of this article

Premier: “More Open, Accessible, Accountable”

In advance of tomorrow’s debate [July 18] in Parliament on the Public Access To Information Act [PATI], Premier Michael Dunkley called PATI a “big step toward more open, accessible and accountable government.” “Tomorrow, I will lead debate for the passage of Public Access to Information Regulations that will create the infrastructure... Read more of this article

KPMG: Banks Remain Profitable For Third Year

The Bermuda banking sector has remained profitable for a third consecutive year, and Bermuda’s banks continue to be focused on ensuring that their business models evolve to ensure relevance in the face of changing needs of its customers, its regulators, and its shareholders and other stakeholders, according to KPMG in Bermuda’s 2014 Banking Survey. The... Read more of this article

CURB Call For Govt Immigration Policy Review

CURB is calling on the government to “urgently put on hold all status applications and carry out a comprehensive and bi-partisan immigration review” which should “take into account Bermuda’s oppressive and discriminatory history with regard to racialized immigration legislation and discriminatory voting rights.” The statement... Read more of this article

7 High School Students Receive Service Awards

Bermuda CableVision this morning [July 17] awarded seven high school students with its Community Service Award in recognition of hundreds of hours of community service they have completed. The students are Gabriella Arnold of Warwick Academy; Victoria Clarke of Bermuda High School; Lewis Ahijah Foggo of CedarBridge Academy; Rashun Robinson of the Berkeley... Read more of this article

Platinum’s Net Income For Quarter: $36.2 Million

Bermuda-based Platinum Underwriters Holdings, Ltd. reported net income of $36.2 million and diluted earnings per common share of $1.34 for the quarter ended June 30, 2014. The results for the quarter include net premiums earned of $124.8 million, net favorable development of $28.6 million and net investment income of $17.6 million. Michael D. Price,... Read more of this article

Bermuda Rugby Team Win Again in Trinidad

Bermuda has won their second consecutive game in the North American Caribbean Rugby Association [NACRA] Under 19 Caribbean Championships taking place in Trinidad, with a 34 – 7 win over the British Virgin Islands last night [July 16]. Bermuda’s Under 19 team includes Rory Dublin, Grenville Lines, James Patterson, Nick DeCosta, Ashton Rubaine,... Read more of this article

Bermuda Civic Ballet Welcomes Laura Hussey

Classes for this summer’s production, ETUDES, are now in their second week, and former English National Ballet ballerina Laura Hussey has arrived to teach classical ballet. Ms. Hussey, who trained at the Royal Ballet School, subsequently had an illustrious career, dancing as First Artist with the Sadlers Wells Royal Ballet [now Birmingham Royal Ballet];... Read more of this article

Video: Shark Encounter Off John Smiths Bay

A video has recently surfaced on Youtube showing what the uploader said was a shark encounter while hunting for lionfish off of John Smith’s Bay in Bermuda. The video was posted by Youtuber rocketman889, who said: “Shark encounter while hunting for lionfish off of John Smith’s Bay, Bermuda. We were free diving around 7:15pm –... Read more of this article

PLP: “People Have Sent A Resounding Message”

“The Bermuda Progressive Labour Party is grateful to the people of Bermuda for joining with us as we demanded respect for Bermudians, the recall of the Governor and the dissolution of Parliament alongside free and fair elections,” said PLP Chairman Maynard Dill. Mr. Dill continued, “The people have sent a resounding message, but we... Read more of this article