Archive for January 19th, 2012

Ministry of Education Sends Condolences

Following the death of a staff member, Elliott Primary School closed early today [Jan.19], with parents asked to make their way to the school to pick up their children. A Ministry of Education spokesperson said, “Earlier today, staff and students were informed of the passing of a long serving member of staff of the Elliott Primary School. “The... Read more of this article

Zoological Society Cuts Five Jobs

Support charity Bermuda Zoological Society [BZS] confirmed that it will lay off three full-time and two part-time positions as a “cost-cutting measure due to challenging economic conditions.” “We are sad to have to resort to laying off valued staff, but this is entirely due to the state of the economy and is no reflection on these employees... Read more of this article

Now Bahamas Looks To Bermuda

Strengthening the Bahamas insurance sector is a key ingredient to improving financial services in that country — and the Caribbean nation has been looking at Bermuda’s success in the field as a “case study.” The Bahamas Financial Services Board [BFSB], the Insurance Commission of the Bahamas [ICB] and Ernst & Young hosted... Read more of this article

Gale Warning & Severe Weather Watch

The Bermuda Weather Service issued a Gale Warning, Severe Weather Watch and Thunderstorm Advisory – all valid from this afternoon [Jan.19] to this evening. A Small Craft Warning is also in effect from this evening to Friday morning. Forecaster Ken Smith said, “Today’s forecast is for a few showers this morning, turning to widespread rain... Read more of this article

Bermuda Aikikai Hosts Guest Instructor

Bermuda Aikikai played host to US guest instructor Wendy Palmer, a 6th degree black belt in the martial art of Aikido last night [Jan.18]. She is currently on the island on a retreat and to work on her book entailing Conscious Embodiment. A couple of the Bermuda Aikikai students attended one of her courses and said they were lucky to be able to invite... Read more of this article

Seadrill Subsidiary Contract Extension

North Atlantic Drilling — a partially owned subsidiary of Bermuda’s Seadrill — has been awarded an 18 month contract extension for the drillship “West Navigator” [pictured] by A/S Norske Shell. This contract extension will secure employment for “West Navigator” until end of June 2014. The estimated revenue... Read more of this article

Tonya Marshall Joins Third Point Re

Newly-incorporated Bermuda reinsurer Third Point Re announced that Bank of Butterfield executive Tonya Marshall will join the company as executive vice president, general counsel, and secretary. Prior to joining Third Point Re, Marshall was the general counsel and board secretary for The Bank of N.T. Butterfield & Son Limited, an international... Read more of this article

Teekay Completes Oslo Bond Issue

Bermuda’s Teekay Offshore Partners L.P. announced yesterday [Jan.18] that it has issued approximately $100 million in senior unsecured bonds that mature in January 2017 in the Norwegian bond market. Issued in Norwegian krone, all interest and principal payments will be swapped into US dollars. The proceeds of the bonds, which will be available... Read more of this article

Proposed Amendments To Charities Act

Minister of Government Estates and Information Services Michael Scott spoke earlier this week about proposed amendments to the Charities Act 1978. There are thirteen changes that have been proposed. Speaking at the Charities Stakeholders Meeting at The Leopard’s Club, Minister Scott said, “There are approximately 400 registered charities in... Read more of this article

Videos: Premier’s Town Hall Meeting

Last night [Jan.18] Premier Paula Cox was joined by three Cabinet Ministers at the Dalton E. Tucker Primary School in Southampton, as she hosted the first in a series of Town Hall meetings to discuss the upcoming Budget. The Premier was joined by Attorney General & Minister of Justice Kim Wilson, Minister of Health Zane Desilva, and Minister of... Read more of this article

Nordic American Public Offering

Bermuda-based Nordic American Tankers Limited today [Jan. 19] announced an underwritten public offering of 5,500,000 common shares. The common shares are being offered pursuant to the company’s effective shelf registration statement. The net proceeds of the offering are expected to be used to strengthen the company’s resources, to fund... Read more of this article

Furbert: Spring Break Itinerary

The Bermuda Department of Tourism is providing North American students with a full-fledged party itinerary for Spring Break 2012. Released yesterday [Jan. 18], Bermuda Spring Break offers special hotel deals and island-wide events in February and March for students looking for an escape from their university studies and let loose on the island. Partygoers... Read more of this article