Author Archive: Bernews1

Mass. Group Cite Cayman & Bermuda Accounts

At a press conference held this week in Boston, an advocacy group said over 40 Massachusetts hospitals had money stored in offshore accounts and urged legislators to demand greater transparency by passing The Hospital Profit Transparency & Fairness Act. The advocates provided a list of over 40 Massachusetts hospitals with offshore accounts [PDF],... Read more of this article

May 2: PLP Warwick Branches to Host Fish Fry

PLP Warwick Constituencies of 24, 25, 26, 27, and 28 will be hosting the “Warwick Fish Fry” on Friday [May 2] from 4:30pm to 7:30pm at Warwick Holiness Church, on Spice Hill Road. A spokesperson said, “Come and join PLP Leader and MP for Constituency 26, the Hon. Marc Bean, PLP MP for Constituency 24, Lawrence Scott, and members... Read more of this article

Montpelier Re 2014 Q1 Net Income: $90 Million

Montpelier Re Holdings Ltd. reported its financial results for the quarter ended March 31, 2014, with the Bermuda-based re/insurer posting a $90 million net income for the quarter. Fully converted book value per common share increased 5.8% for the quarter, to $31.01, computed after taking into account common share dividends declared. Operating income... Read more of this article

Validus Declares $0.30 Quarterly Dividend

Bermuda-based Validus Holdings, Ltd. has declared a quarterly dividend of $0.30 per common share and $0.30 per common share equivalent for which each outstanding warrant is exercisable. The dividend is payable on June 30, 2014 to shareholders and warrant holders of record on June 13, 2014. Related Stories Validus Quarterly Preferred Share Dividends AIG... Read more of this article

OBA Members Elect Jackson And Magnum

MP Susan Jackson and Karen Magnum have been elected as the new One Bermuda Alliance deputy chairpersons following a Special General Meeting today [Apr 30] at their Party Headquarters on Reid Street. An OBA spokesperson said, “Votes cast in today’s One Bermuda Alliance election for two deputy chairs have been counted. “The winners are... Read more of this article

Man Shot In St David’s, Two Arrests Made

[Updated with video. Following a "verbal and physical altercation" a 28 year old man was shot at around 2.45am this morning in the Cove Valley area of St. David's. The victim was shot in in his lower extremities, and his injuries are not considered to be life-threatening. Two people have been arrested in connection with this incident.] There was shooting... Read more of this article

Tanker Crew Member Transferred After Injury

A crew member from the 900ft long crude oil tanker “Poetic” was transferred to Bermuda for medical attention after suffering a cut to his leg. A Bermuda Maritime Operations Centre spokesperson said, “Bermuda Radio is contacted by “Poetic” an 80,000 tonne Crude Oil tanker which has a crew member requiring medical attention.... Read more of this article

Video: Digicel Donate To Tomorrow’s Voices

Digicel Bermuda has donated six iPad tablets to the charity Tomorrow’s Voices, Bermuda Autism Early Intervention Centre in honour of Autism Awareness Month. Tomorrow’s Voices, which opened in October 2007, is designed to assist children between the ages of 2 and 21 who are diagnosed with autism or are on the autism spectrum. Autism is characterized... Read more of this article

Dr Peek-Ball Attends Health Conference In Aruba

Bermuda’s Chief Medical Officer Dr. Cheryl Peek-Ball is currently in Aruba this week attending CARPHA’s 59th Caribbean Health Research Conference. The Health Ministry said, “The conference addresses non-communicable diseases as a health and economic development priority. “Chronic non-communicable diseases [CNCDs] remain a major cause... Read more of this article

16 Year Old Charged With Taking Cycle

In Magistrates Court this morning [Apr 30], a 16 year old male was charged with taking a cycle without the owner’s permission and using force to do so. The action was alleged to have taken place in February 2014. When charged, the teenager pleaded not guilty. Lawyer Saul Dismont said that he was coming on record as his defence lawyer and challenged... Read more of this article

Allison Outerbridge Finishes 2nd In Penn Relays

Bermudian athlete Allison Outerbridge finished second in the college section of the triple jump to lead the way for University of Tennessee at the Penn Relays in Pennsylvania. Outerbridge cleared a distance of 41 feet, 5.75 inches [12.64 meters], to finish just a quarter of an inch behind winner Ebony Brinker of Mississippi State. It was the second-best... Read more of this article