Author Archive: Bernews1

PLP’s Lovitta Foggo To Host Friday Happy Hour

St. David’s MP Lovitta Foggo will host a Friday Happy Hour tomorrow [May 2] at the St. David’s Cricket Club. A PLP spokesperson said, “St. David’s MP, Ms. Lovitta Foggo, JP, MP and the members of Constituency 3, invite members and friends to a Happy Hour on Friday, May 2, at St. David’s Cricket Club. “This evening... Read more of this article

Opinion: MP Atherden On DeSilva’s Response

[Opinion column written by OBA MP Jeanne Atherden] Shadow Health Minister Zane DeSilva has been criticising the One Bermuda Alliance government for its response to the problem Bermuda has with sewage outfall greaseballs washing up on the beaches. “Today,” he said, “the OBA’s version of the truth has been blown out of the water and now our people,... Read more of this article

Clarien Bank Fee Schedule Effective May 1st

Clarien Bank — which recently rebranded after being known as Capital G bank — has a new fee schedule effective today [May 1]. Some examples of the new fees include: Personal Chequing Monthly Maintenance Fee of $3/month, Cheque Processing fee of $1.50 per cheque, Incoming Payments carry a $7 fee, while the use of non-Clarien Bank ATM carries... Read more of this article

PLP Pledge To Include Opposition MP In RIMS

The PLP “supports Government’s efforts at the RIMS Conference” and “pledge that under a future PLP Government, to be inclusive and invite the relevant Shadow Minister to participate,” Shadow Finance Minister David Burt said. Premier Craig Cannonier recently attended the 2014 Risk and Insurance Management Society [RIMS]... Read more of this article

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