Archive for May, 2010
Largest Domestic Common Share Issue in BDA
The Bank of N.T. Butterfield & Son Limited today announced that all Rights Shares available under its $130 million Rights Offering have been subscribed, making it the largest domestic common share issue in Bermuda history. Demand among holders of ordinary shares and other investors exceeded the available supply. Bradford Kopp, Butterfield’s... Read more of this article
Man Overboard On Cruise: FBI Investigating
Law enforcement officials investigating the disappearance of a crew member were waiting at a New Jersey Cruise ship terminal when the Explorer of the Seas cruise ship docked on Saturday, May 7th. On the cruise ship’s fourth call to Bermuda for the year, it safely departed Dockyard, Bermuda on Saturday May 1st evening, and on May 5th fellow crewmembers... Read more of this article
Police Cadet Program: Free College Tuition
The Bermuda Police Service [BPS] today held a press conference to highlight the success of their Police Cadet Programme, which offers college tuition of up to $20,000 a year paid in exchange for five years service on the force. It has been in existence since the early 1960’s and suffered a brief hiatus in 1997 when it was discontinued for a number... Read more of this article
WealthTV To Film Bermuda Feature
Bermuda CableVision announced today that as part of its ongoing efforts to promote tourism to Bermuda, it has arranged for a visit to the island by WealthTV Network to film a show focusing on Bermuda. The trip is being sponsored by Bermuda CableVision and the Bermuda Department of Tourism, and will take place from May 23 – 28, 2010. WealthTV can... Read more of this article
Alterra Capital Holdings To Start Trading Today
Alterra Capital Holdings Limited began trading this morning [May 13] on the NASDAQ Global Select market under the symbol ALTE and on the Bermuda Stock Exchange under the symbol ALTE.BH. Yesterday they announced the closing of a merger of equals between Max Capital Group Ltd. and Harbor Point Limited to form Alterra. The closing of the merger follows... Read more of this article
PartnerRe Names New CEO: Costas Miranthis
Bermuda based reinsurer PartnerRe announced that Costas Miranthis has been named the new President and Chief Operating Officer of PartnerRe Ltd., and will arrive in Bermuda to take up the post subject to approval by Bermuda immigration. Mr. Miranthis will succeed Patrick Thiele as CEO, effective January 1, 2011, following Mr. Thiele’s decision... Read more of this article
UBP: UK Peeved By Lack of Oversight Capacity
Saying that the Premier is using “spin” to “deflect attention from the Government’s failure to sufficiently staff the registry”, the UBP has said that the “lack of oversight capacity is the nub of the UK Government’s concerns given that it has contingent liability for Bermuda’s international obligations.” “Irresponsible... Read more of this article
Bermuda To Host 2010 Caribbean Tourism
The Caribbean Tourism Organization [CTO] today announced Bermuda as the host country for the 2011 Conference on Sustainable Tourism Development. The event will be held in April 2011 at the Fairmont Southampton Princess Hotel. The announcement was made at this year’s conference in Barbados. Senator Marc Bean, Junior Minister of Tourism and a Department... Read more of this article
Meeting Tonight: Analysis Of Education Blueprint
A meeting to discuss an analysis of the Blueprint for Education is planned tonight [May 12] at the Berkeley Institute Staff Room from 6:00 to 8:00 pm and interested members of the public are welcome. The independent analysis of the recently released Blueprint for Reform in Education was prepared by Dr. Dennis Shirley and Dr. Andy Hargreaves, two internationally... Read more of this article
Premier’s Reggae Namesake Shot Three Times
Jamaican reggae singer “Mad Cobra”, whose real name is Ewart Brown, was shot last night in Jamaica and is reported to be in serious condition. The DJ is best known for his hit song from the 1990′s ‘Flex’, which was widely played around Bermuda. Jamaican authorities say the 42-year-old singer was shot Tuesday night, with... Read more of this article
Cyclist Hits Walker: Arrested For Drunk Driving
Last night [May 11] at around 10pm in Hamilton, a pedestrian was struck by a motorcycle by walking across a pedestrian crossing, with the motorcycle rider subsequently arrested on suspicion of impaired driving. The pedestrian, a 47 year old Pembroke man, sustained a broken right foot and facial injuries in the accident. The motorcycle rider, a 39 year... Read more of this article
Government To Dissolve CURE, Transfer to HRC
The Government has announced their decision to transfer the functions of the Commission for Unity and Racial Equality [CURE] to the Human Rights Commission [HRC], as a consequence, the CURE commission will be dissolved. The legislated mandate of CURE was to promote equal opportunity and good relations between persons of different racial groups and... Read more of this article
