Archive for March, 2012

Political Consultant Roy Boyke Dies

Caribbean political consultant Roy Boyke, credited by some with helping to engineer the Progressive Labour Party’s first election victory in Bermuda in 1998, died at his home in Trinidad and Tobago on Sunday [Mar. 25] after a long illness. Four years after working on the victorious PLP election campaign, Mr. Boyke was brought back to Bermuda on... Read more of this article

Sweetgall To Host Walking Workshops

To mark Public Health Week, the Department of Health will be hosting a series of Nordic Walking and Motivation to Move workshops presented by Robert Sweetgall next Tuesday [Apr. 3] and Wednesday [Apr. 4]. On Tuesday, there will be a Walking Expo from 11am until 4pm, a Seniors Longevity Workshop from 9 a.m. until 11 a.m., Motivation to Move from 12.30... Read more of this article

Upcoming: Children’s Reading Festival

The Bermuda Youth Library will be celebrating the joy of books at the Children’s Reading Festival on Saturday [Mar. 31]. From 9.30am until 4pm, the event will feature story times, music, face-painting, crafts, and games. With mascot Libro Lion on hand, this is for children of all ages with a “Book Babies” session at 9.30 a.m., “Stories,... Read more of this article

Newport Bermuda Race Draws 172 Entries

Written by Talbot Wilson As of March 25, 172 boats have been entered in the Newport Bermuda Yacht Race, and of these, 161 have filed their Applications for Entry, while 147 have been officially invited to race and organisers wish to remind prospective competitors, that they only have until April 15 to register their interest. According to information... Read more of this article

Omega Hints At New Takeover Offer

Bermuda-domiciled re/insurer Omega has suggested that it may have received a takeover offer in a statement issued yesterday [Mar. 27]. “The directors of Omega note the press speculation concerning the company and the movement in its share price,” the stock exchange circular said. “The company confirms that it continues to review possible... Read more of this article

BlackRock Plans Bermuda Cat. Vehicle

Asset management giant BlackRock is looking to make its first direct foray into the re/insurance industry through a $300 million quota share partnership in a Bermuda venture with Swiss Re focusing on peak catastrophe risk, industry journal “The Insurance Insider” reveals today [Mar.28]. BlackRock is understood to be fundraising for Bermudian... Read more of this article

Lloyd’s Slumps To First Loss In Six Years

Lloyd’s of London today [Mar. 28] posted its first pretax loss in six years after being hit by lower investment returns and major catastrophes, in what industry experts call the second-costliest year on record in terms of insured disaster claims. Lloyd’s isn’t publicly traded, though some of its members are listed companies, such as... Read more of this article

Man Fined $800 For Swearing At Court Baliff

In Plea Court this morning [Mar.27], having spent the night in police custody, 20-year-old Malachi Darrell pleaded guilty to using offensive words the day before. The charge originated from Darrell’s behaviour yesterday when he was part of the large public gallery watching the proceedings surrounding the trio of men who were charged with the Trinity... Read more of this article

Police Operation In East End, Five Arrests Made

Police were seen earlier today [Mar.27] searching both land and water in the East End. A police spokesperson confirmed that police were conducting an “operation” in the East End, and that divers have recovered property from area waters and that five arrests have been made so far. Officers could be seen patrolling on land in the region of... Read more of this article

Bermuda To Participate: Tsunami Warning Drill

Bermuda will participate in an Atlantic tsunami warning exercise on Wednesday 28 March, in conjunction with other countries in the region. The exercise will simulate an undersea earthquake and landslide off the coast of the US Eastern Seaboard, resulting in tsunami waves being directed towards Bermuda and other jurisdictions in the northwest Atlantic.... Read more of this article

Nabors Continues To Shed Assets

Bermuda’s Nabors Industries Ltd. on Monday [Mar. 26] detailed plans to shed its oil and gas properties and other non-core businesses as the drilling contractor seeks to refocus amid a change in leadership. In a securities filing, Nabors said it hopes to raise at least $800 million selling energy fields in Texas, Canada, Alaska and Colombia as... Read more of this article

Maiden Closes $100 Million Offering

Bermuda’s Maiden Holdings, Ltd. today [Mar. 27] announced that its wholly-owned US holding company, Maiden Holdings North America, Ltd., has closed its offering of $100 million aggregate principal amount of 8% Senior Notes due March 27, 2042, which are fully and unconditionally guaranteed by Maiden. The offering was priced on March 20, 2012. Total... Read more of this article