Author Archive: Bernews1

BEST Applauds Parkland Designation

The Bermuda Environmental and Sustainability Taskforce [BEST] applauds WEDCO’s Lodge Point Nature Reserve parkland designation but calls for more. A BEST spokesperson said, “BEST was invited to and attended the Lodge Point Nature Reserve declaration on Wednesday. We learned then that the additional reserve joins the pre-existing WEDCO reserve... Read more of this article

Seadrill: Majority Ownership In Asia Drilling Co.

Bermuda-based Seadrill Limited has acquired 12,190,858 shares of Asia Offshore Drilling Limited. The shares were acquired at a price of US$5.00 per share [equals NOK28.71 based on the USD/NOK exchange rate set by the Norwegian Central Bank on 25 October]. Following this acquisition, Seadrill will be the owner of 25,690,958 shares in the Company, corresponding... Read more of this article

Upcoming: Final Fisheries Townhall Meeting

The Department of Environmental Protection have said that the final Town Hall Meeting to present the results of the 2011 Recreational Fishing Activity Survey will be held on Tuesday [Oct 30] at 7.00pm at Somers Isle Lodge, #2 Fairhaven Lane, Hog Bay Level, Sandys Parish. The agenda will include the presentation of results from the survey followed by... Read more of this article

Upcoming: International Shipwreck Conference

The Department of Conservation Services, Government of Bermuda and the Historic Wrecks Authority will be hosting the 2012 Bermuda International Shipwreck Conference to be held at the Bermuda Underwater Exploration Institute, East Broadway on the 3rd of November, from 9.00am till 5.00pm. Topics will include Historic Wrecks Authority – Role and... Read more of this article

Cooper Sits In Top 10 At North Americans

Day 3 of the IODA North American Championships saw a fair bit of movement on the leader board as the 149 sailors completed 3 more races in shifty conditions in Valle de Bravo, Mexico. Bermuda’s sole representative, Chase Cooper was able to rise 3 spots to the 10th position despite scoring his worst race to date, a 39th in Race 8. His consistency... Read more of this article

Appleby Shortlisted For Financial Centre Awards

Appleby have been shortlisted for the ‘Caribbean Law Firm of the Year’ and ‘Caribbean Trust Company of the Year’ categories at the Citywealth International Financial Centre Awards 2013. The Citywealth International Financial Centre Awards were established to highlight the excellence of the advisors and managers in the private wealth sector in... Read more of this article

Results: Basketball Premier League

The 2012 Bermuda Basketball Association’s Premier League continued this week at Somersfield Academy in Devonshire. The Smith Wildcats won their game over the Devonshire Dragons 82-64. Leading scorer for the Wildcats was Jason Simons who scored 23 and Jason Lowe for the Dragons scoring 39points. St.George’s International took on Southampton... Read more of this article

Elevator Project To Start At KEMH

The Bermuda Hospitals Board [BHB] advised hospital visitors that a project to replace four elevators at King Edward VII Memorial Hospital will commence on Monday [Oct 29]. Patients and visitors will be impacted as the project will temporarily reduce the number of available elevators. The elevators were originally installed in 1972 and each has done... Read more of this article

Everest Re Reports Q3 2012 Earnings

Bermuda-based Everest Re Group, Ltd. have reported third quarter 2012 net income of $250.9 million, or $4.82 per diluted common share, compared to net income of $63.1 million, or $1.16 per diluted common share, for the third quarter of 2011. After-tax operating income1, excluding realized capital gains and losses, was $210.6 million, or $4.05 per diluted... Read more of this article

Investigation Continues Into Sandys Shooting

The police investigation into the shooting on Somerset Road on Thursday is continuing. A police statement said: “Inquiries are ongoing into the confirmed firearm incident that occurred in the Somerset Road, Sandys parish area around 12:15am on Thursday, October 25th. Detectives are particularly interested in speaking with anyone who may have heard... Read more of this article

Premier To Receive Global Leadership Award

This evening [Oct 26] Premier Paula Cox will receivs the International Women’s Forum [IWF] Women Who Make A Difference Award. Premier Cox is currently in San Francisco attending the IWF’s annual World Leadership Conference. Premier Cox is the President and founder of the Bermuda IWF Chapter. This year’s conference theme is “Ideas Remaking the... Read more of this article

Flu Express Starts This Weekend

The flu vaccine has now arrived on-island, the Department of Health reports. Therefore, the Flu Express will take place beginning tomorrow [Oct 27]. The Flu Express is a convenient “drive through” way for persons 10 years and older to receive the flu vaccine. The cost is $10.00 per shot for adults and children, while seniors [65 and older] receive... Read more of this article