Author Archive: Bernews1

Woman Pleads Not Guilty To Drug Charges

A 31-year-old woman elected to be tried in Magistrates Court when she appeared this morning [Feb 7] on a variety of drug charges. Marketa Raynor pleaded not guilty to six charges involving the importation and possession with intent to supply of 91.6 grams of cocaine freebase; 10.58 grams of 60% cocaine hydrochloride; and 98.37 grams of cannabis. The... Read more of this article

FBA To Host Open Mic On Gaming Reform

[Updated] The Future Bermuda Alliance [FBA], the youth wing of the One Bermuda Alliance will be hosting an open Mic on Gaming Reform. The event will be held at the Gazebo Room at the Fairmont Hamilton Princess on Sunday February 16th at 7pm. “Our panel members will consist of hospitality professionals from all sections of the community”,... Read more of this article

Three Flippered Turtle Released Into The Wild

After over a year of recuperating at the Bermuda, Aquarium, Museum & Zoo [BAMZ] after losing a flipper, a green sea turtle was released into the wild recently, dropped off about five miles east of Bermuda. Two weeks ago the BAMZ staff said farewell to “Squirt” — aka “Three Flippers” — after spending over a year... Read more of this article

Traffic Diversions In Devonshire [Back To Normal]

[Updated] As of 8.30am this morning [Feb 7], traffic is currently being diverted from the Middle Road, Montpelier Road Devonshire area due to a downed power line, the police said. “BELCO has been notified; however motorists are advised to avoid the area if possible until the situation can be rectified,” a police spokesperson said. Update 10.13am:... Read more of this article

Women’s Winter Volleyball League Continues

The latest round of the Bermuda Volleyball Association’s Docksiders Women’s League took place at two locations, the MSA Gym and the Warwick Academy Gym. Inside the MSA Gymnasium on Net 1, Island Embroidery fell 23 – 21 to the Tuff Dogs, the Azkals then defeated the Tuff Dogs 21 – 13, the Tuff Dogs fell for the third consecutive game... Read more of this article

Everest CEO: “Milestone With Record Earnings”

Bermuda-based Everest Re Group Ltd. reported fourth quarter 2013 net income available to common shareholders of $364.6 million, or $7.54 per diluted common share, compared to net income of $58.8 million, or $1.13 per diluted common share, for the fourth quarter of 2012. After-tax operating income available to common shareholders, excluding realized... Read more of this article

Allied World Report Q4 Net Income Of $137.9M

Allied World Assurance Company Holdings, which maintains a large Bermuda presence, reported net income of $137.9 million, or $4.01 per diluted share, for the fourth quarter of 2013 compared to a net loss of $41.1 million, or $1.17 per diluted share, for the fourth quarter of 2012. Net income for the year ended December 31, 2013 was $417.9 million, or... Read more of this article

XL Group Net Income Jumps To $1.06 Billion

XL Group has reported a net income of $300.8 million for the fourth quarter of 2013, up from $81.4 million in the comparable quarter of 2012. Net income for the full year was $1.06 billion, up from $651 million in 2012. The dramatic increase in profitability was “primarily due to lower natural catastrophe losses in the current quarter and higher net... Read more of this article

Premier Attends Prayer Breakfast In Washington

Premier Craig Cannonier today [Feb 6] attended the 62nd National Prayer Breakfast in Washington, D.C. A statement said, “On an annual basis, the Members of Congress, the President of the United States, national leaders from throughout the United States and global leaders from more than 140 + different countries, gather to reaffirm their trust... Read more of this article

Endurance Ltd Report Net Income Of $59 Million

Bermuda-based Endurance Specialty Holdings Ltd. today [Feb 6] reported net income available to common shareholders of $59.0 million and $1.33 per diluted common share for the fourth quarter of 2013 compared to a net loss attributable to common shareholders of $40.8 million and $0.96 per diluted common share for the fourth quarter of 2012. For the year... Read more of this article

Live Blog: Labour Dispute [Resolution Found]

[Updating: Fairmont to reinstate four jobs] The ongoing labour dispute between the BIU and Fairmont Hamilton Princess continues today [Feb 6], with the Hamilton Bus and Ferry Terminals in complete calm, a total contrast to the normal hustle and bustle of a typical morning. Marine & Ports workers and Bus Operators are not working today to support... Read more of this article

Chamber Suspends MacPhee After BIU Incident

[Updated: The Chamber has suspended Joanne MacPhee without pay] Chamber of Commerce Executive Director Joanne MacPhee has extended a public apology to the members of the Bermuda Industrial Union, and also personally thanked BIU President Chris Furbert. BIU members were marching through Hamilton yesterday [Feb 5] to protest the labour dispute with the... Read more of this article