Author Archive: Bernews1

XL Group Appoints Philip Jacobs

Bermuda-based XL Group plc has appointed Philip M. Jacobs as Global Head of Capital Management, Corporate Development and Tax. Reporting to Peter Porrino, Executive Vice President and Chief Financial Officer, Mr. Jacobs will be based in Stamford, Connecticut. Commenting on the appointment, Mr. Porrino said: “We are delighted to welcome Phil to... Read more of this article

Fishing: Ministry Reduces Allowed Bait Net Size

The Department of Environmental Protection today [June 24] advised registered fishermen that there has been a change in the size of bait nets permitted to be used in Harrington Sound and Flatts Inlet. The 18-ft restriction has been reduced to 12-ft. On June 21, 2013, the Minister of Environment & Planning Sylvan Richards published the Fisheries... Read more of this article

‘Insurer Ratings Not Strongly Linked To Bermuda’

Fitch Ratings commented today [June 24] that “under the agency’s rating methodologies, it could rate certain insurance and reinsurance companies at levels at least four notches higher than the sovereign rating of Bermuda. A statement from the ratings agency said, “In contrast, in most other countries, insurance company ratings are... Read more of this article

Argus Group Earnings Jump To $12.6 Million

Argus Group Holdings Limited today [June 24] announced earnings of $12.6 million for the year ended March 31, 2013, compared to $1.7 million in the prior year. Argus will reinstate the payment of a dividend following the temporary suspension in July 2011. Alison Hill, Chief Executive Officer of the Argus Group, comments: “We are pleased that the... Read more of this article

10-Year-Old Donates Graduation Gift Money

10-year-old Aaron Simmons recently graduated from West Pembroke Primary School, and donated the funds he received as graduation gifts to charity. Aaron donated $100 to the ‘Neighbours Helping Neighbours’ Campaign to assist children in need through the Coalition for the Protection of Children. Aaron giving his donation to to BELCO Customer Care Manager... Read more of this article

Photos: Three Vehicle Collision On Front Street

[Updated] Emergency services responded to Front Street near the No. 5 Car Park at approximately 2.30pm this afternoon [June 24] to a three vehicle collision involving two vans and a taxi. We unofficially understand one person with unknown injuries was transported by ambulance to King Edward Memorial Hospital for treatment. Traffic flow was disrupted... Read more of this article

Silvio Berlusconi Found Guilty In Sex Trial

Former Italian Prime Minister Silvio Berlusconi has been found guilty of having sex with an underage female and abusing his office to cover it up. The 76-year-old, who maintained a home in Tucker’s Town, was sentenced by an Italian court to seven years in prison. He was also banned from holding public office. However, under Italian law he has... Read more of this article

19-Yr-Old Remains In Critical Condition In ICU

The 19-year-old Pembroke man who was seriously injured in a collision last Monday [June 17] remains in critical condition in the ICU. He was traveling on motorcycle when he collided with a truck on South Road in Devonshire. A police spokesperson said, “Inquiries are ongoing into the reported serious collision that occurred around 3:30pm Monday,... Read more of this article

Four Men Attempt To Steal Jet Ski In Sandys

Four men in a small motorboat attempted — unsuccessfully — to steal a jet ski from the shoreline outside the Boaz Island Service Station in Sandys on Saturday, the police confirmed today. A police spokesperson said, “Around 3:30pm on Saturday, June 22nd police officers responded to a report of an attempted Jet Ski theft in Sandys parish... Read more of this article

Photo Gallery: 2013 Miss Bermuda Pageant

Katherine Arnfield was crowned the new Miss Bermuda last night [June 23], beating out six other competitors for the title. The 17-year-old will be heading to Indonesia next month to represent the island in the Miss World Pageant. Miss Hamilton Parish Echaunti Swan was the first runner up, Miss Pembroke Chelzea Somner was the second runner up, Miss Southampton... Read more of this article

Garbage Collection Workers To Work Overtime

[Update: The Ministry of Public Works said that garbage collection workers will be working overtime over the next few days to clear the garbage backlog. Minister of Public Works Trevor Moniz made the decision to approve the overtime due to the "overwhelming concern from residents."] “For almost a month, the people of Hamilton Parish and St. George’s... Read more of this article

PartnerRe: Haft Appointed Head of Catastrophe

Greg Haft has been appointed Head of Catastrophe for PartnerRe Bermuda. Reporting to Brian Secrett, Head of Catastrophe Underwriting, Mr. Haft will be responsible for the day-to-day operations of the Bermuda catastrophe team with a focus on client and broker relationships in North America. Mr. Haft joins PartnerRe from Markel Corporation [formerly Alterra... Read more of this article