Archive for March, 2012

Video: Eight-Year-Old Swims With Humpbacks

Little Bermuda school girl Elsa Stevenson is just eight-years-old and less than five-feet tall. But she is shown swimming with some of the most enormous — and gentle — whales in the world in this video footage. Elsa, whose father Andrew Stevenson is founder of the Bermuda Humpback Whale Project, swam with the enormous mammals during a... Read more of this article

Nabors Shares Rebound After Sharp Drop

Shares of Bermuda’s Nabors Industries rose today [Mar. 30] after a strategic move by the company to refocus on its core land-rig drilling business failed to stem a sharp drop in its stock price this month. In possibly his biggest move since taking the reins of the Hamilton-based oil-service firm late last year, Nabors Chief Executive Officer Anthony... Read more of this article

Videos: Post-Fire Press Conferences

[Updated] A press conference was held this morning [Mar.30] to provide updates after the blaze that ripped through the Marsh Folly Composting Facility last night. Officials have not determined the cause of the fire, which started just past 8pm and involved two areas of horticultural waste on fire – one measuring 50ft x 60ft, the other measuring approximately... Read more of this article

Fire: Environmental Protection Office Closed

The Department of Environmental Protection located at the Botanical Gardens at 169 South Road, Paget will be closed today because of the Pembroke Dump Fire and resulting smoke issues. They will reopen for business on 8:30am Monday, April 2, 2012. As a result of today’s office closure, the deadline for the annual fisheries licensing period will be... Read more of this article

Best: Negative Outlook For Argus Group

Ratings agency A.M. Best Co. today [Mar.30] revised the outlook to negative from stable and affirmed the financial strength rating of B++ [Good] and issuer credit ratings [ICR] of “bbb” of Argus Insurance Company Limited, Somers Isles Insurance Company Limited and Bermuda Life Insurance Company Limited, all subsidiaries of Argus Group Holdings... Read more of this article

OneBeacon To Review Q/1 Financial Results

Bermuda-domiciled OneBeacon Insurance Group will review its first quarter 2012 results via live webcast at 10:00 a.m. Eastern Time on Friday, April 27 following its earnings release earlier that morning. The slide presentation that will be referenced during the call, the news release and a financial supplement will be available on the company’s... Read more of this article

Scottish Re Posts Financial Statements

Bermuda re/insurer Scottish Re Group Limited announced today [Mar.30] that it has posted to its website its consolidated financial statements as of and for the year ended December 31, 2011. The company’s consolidated financial statements are available here. Scottish Re Group Limited is a global life reinsurance specialist with operating businesses... Read more of this article

Bermuda Swimmers Compete In Indianapolis

Bermuda has three of our best swimmers in attendance at the Indianapolis Grand Prix — one of the fastest meets of the year in swimming and an event which draws a field of the biggest names in the sport. Lisa Blackburn is swimming the 100 and 200 breast, Roy-Allan Burch is swimming the 50 and 100 free and Julian Fletcher is swimming the 100 breast.... Read more of this article

Online Magazine Cinespect Zooms In On BIFF

One of the world’s leading website’s on films and filmmakers is zooming in on the recently wrapped 15th annual Bermuda International Film Festival, with visiting journalist Carlos Segura saying ”this may end up being one of my most positive and memorable film festival experiences.” BIFF — held from March 16 through... Read more of this article

Brookfield California Wind Farm Operational

Bermuda-based Brookfield Renewable Energy Partners L.P. announced today [Mar.20] that its 102 megawatt [MW] wind farm in Tehachapi, California, has achieved commercial operation. Brookfield Renewable and its institutional partners increased their 50% interest in the project to 100% in January 2012, and now own 274 MW of operating wind generating capacity... Read more of this article

Weatherford Announces Senior Note Issue

Weatherford International Ltd., a Bermuda exempted company and a subsidiary of Weatherford International Ltd., a Swiss joint-stock corporation, announced today [Mar. 30] that it has commenced an offering of senior notes. Weatherford and Weatherford International, Inc., a Delaware corporation and subsidiary of Weatherford, will fully and unconditionally... Read more of this article

Upcoming: West End Easter Camp For Boys

The Sandys Community Centre is running a boys camp over the Easter break [Apr.2-5] which will not only feature activities like kite-making and fishing but also introduce youngsters to the legacies of historical figures including Mary Prince, Sally Bassett and Dr. Pauulu Kamarakafego. Camp Pauulu, for boys aged 10 to 14, will be held at the Boaz... Read more of this article