Author Archive: Bernews1
Catlin Group Results: 27% Increase From 2012
Bermuda-based re/insurer Catlin Group Ltd reported a 27 percent increase in profit before tax to $432 million, compared to $339 million in 2012. John Barton, Chairman of Catlin Group, said: “Catlin has produced strong financial results for 2013 as profit before tax increased by 27 per cent to US$432 million. “The Group’s underwriting operations... Read more of this article
Ball Hockey: Golden Seals & Nordiques Win
Recent Bermuda Ball Hockey action at the PCC Hockey Rink saw a total of 22 goals in a double header. Colorado Rockies 4 – California Golden Seals 5 In the opener the California Golden Seals got 2 goals from Adam Chevis and a single strike from Shaun Behan as they held a 3 – 2 lead at the end of the first period. Kevin Albrecht and Chris Merritt... Read more of this article
Butterfield Bank January Share Repurchases
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Ltd. announced that during the month of January, 2014, the Bank purchased for Treasury 100,073 Common Shares at an average price of $1.497 per share. In addition, in January the Bank did not purchase for cancellation any 8% Preference Shares. Related Stories Butterfield... Read more of this article
PartnerRe Ltd. Declares Share Dividends
Bermuda-based PartnerRe Ltd. has declared a dividend for the period December 1, 2013 – February 28, 2014 of $0.40625 per share on the Company’s 6.50% Series D Cumulative Redeemable Preferred Shares, $0.453125 per share on the Company’s 7.25% Series E Cumulative Redeemable Preferred Shares, and $0.3671875 on the Company’s 5.875% Series F Non-Cumulative... Read more of this article
Cable Fault Affects Power In Harrington Sound
Today [Feb 10] at 11:01am, approximately 520 BELCO customers in the Harrington Sound area lost power due to an underground cable fault. Within an hour, electricity was restored to 343 customers by re-routing power via a different circuit, leaving 177 without power. As of approximately 4:30pm, BELCO crews have located the underground fault and have... Read more of this article
Regulatory Authority: Advert Is In “Bad Taste”
[Updated] CEO of the Regulatory Authority Philip Micallef has emailed the CEO of Digicel Wayne Caines to say that their recent advertisment “is unlikely to fall into the category of unethical or unlawful conduct on the part of Digicel”, however the RA “feels that it is in “bad taste.” The RA said the advertisement concerned... Read more of this article
Minister Fahy On Grocery Store Price Monitoring
Since the introduction of the 10% Wednesday discount by local grocers, staple store item prices have stayed at a steady level, according to the Ministry of Home Affairs. A spokesperson said, “The Ministry advised that Consumer Affairs was tasked with monitoring the prices of those grocery stores that participated in the 10 percent Wednesday discounts.... Read more of this article
51 Year Old Man Remains In ICU After Collision
The 51 year old Warwick man who was seriously injured when the motorcycle he was riding collided with a truck at around 3pm on Thursday [Feb 6] in Warwick remains in critical condition at the hospital’s Intensive Care Unit. “Inquiries into this collision are ongoing and any witnesses that have not yet come forward are encouraged to contact the... Read more of this article
Gunshots Fired In Southampton, No One Injured
Police confirmed that gunshots were fired on Friday night in Southampton, and said there were no reported injuries. A police spokesperson said, “Around 11:50pm on Friday, February 7th police officers responded to reported gunshots in the Horseshoe Road, Southampton area. “Forensic evidence collected from the scene confirmed that a firearm... Read more of this article
Man Charged With Intruding On Teen’s Privacy
A 41 year old man appeared in Magistrates Court this morning [Feb 10] charged with intruding on the privacy of a fourteen year old female. The defendant — who cannot be legally named at this stage — appeared in Court with his left arm heavily bandaged and using crutches to move along. After electing to be tried in Magistrate’s Court,... Read more of this article
PLP Respond To Criticism From Sylvan Richards
Shadow Minister of Home Affairs Walter Roban responded to recent columns by OBA MP Sylvan Richards saying that “while criticising the stance of the PLP, he failed to address any of the concerns of that Bermudians have regarding Commercial Immigration.” One of Mr. Richards columns drew attention to opinion pieces penned by PLP MPs for an... Read more of this article
Sailing Community Remembers Lord Wedgwood
[Written by Talbot Wilson and Bonnie L. Cook, Philadelphia Inquirer staff writer] Piers Wedgwood, a British lord and fifth-generation great-grandson of Josiah Wedgwood, creator of the distinctive blue and white pottery that embellishes tea tables and china collections, died Wednesday, Jan. 29, of cardiac failure at the Hospital of the University of... Read more of this article
