Author Archive: Bernews1

62-Yr-Old Man Charged: Sex Offences Against Girl

In Magistrates Court this morning [Aug 24], a 62-year-old man — who cannot be named for legal reasons — pleaded not guilty to two counts of touching a young girl for sexual purposes. At the time the girl was under eleven. He also pleaded not guilty to one count of unlawfully assaulting the child. All three offences are alleged to have occurred... Read more of this article

Frontline To Terminate OBO Carrier Charter

Bermuda-based Frontline Ltd. has agreed with Ship Finance International Limited to terminate the long term charter party for the OBO carrier Front Climber and Ship Finance has simultaneously sold the vessel. The charter party is expected to terminate in late September 2012. Frontline will make a compensation payment to Ship Finance of approximately... Read more of this article

CultureFest “Unity in the Community” Rescheduled

CultureFest “Unity in the Community” will take place on Saturday, September 29th & Sunday, September 30th in the Royal Naval Dockyard, organizers said. It was originally slated to take place on June 17th and 18th and was postponed due to the weather, and was then scheduled for July 21st and 22nd which was also postponed. A spokesperson said:... Read more of this article

Video: Goalkeeper Freddy Hall On MLS Debut

Bermuda’s Freddy Hall made his MLS debut for Toronto FC in their 2-1 loss to the Columbus Crew, which he called a “great experience” although he was “gutted” they did not get the victory. Hall was most recently was a member of Northampton Town of the English League Two. Prior to that he played for the Bermuda Hogges after... Read more of this article

Bermuda Chess Players Head To Istanbul, Turkey

Bermuda will be represented by five people at the International Chess Festival “İstanbul Open 2012,” which will be held in İstanbul, Turkey from August 29th to September 9th. Two Open Tournaments [A and B] will be made up according to the ratings of the participants. Besides this a Blitz Tournament will be held within the festival. Bermuda... Read more of this article

Maiden Holdings Prices Preferred Shares Offering

Bermuda-based Maiden Holdings, Ltd. has priced an underwritten public offering of $150 million of its 8.25% Non-Cumulative Preferred Shares, with a liquidation preference of $25.00 per share. Maiden expects to receive the net proceeds from the sale of the Preferred Shares on August 29, 2012. Except in certain limited circumstances, the Preferred Shares... Read more of this article

Bermuda Plant Finder Guide Available Online

The Department of Conservation Services has released copies of their Bermuda Plant Finder online via their website. The Department said: “This guide to Bermuda’s plants was developed following requests from landscape architects, Planning Officers and home owners for an easy to use guide for determining which plants are best suited for their... Read more of this article

Michael Orlich Joins American Safety Reinsurance

Michael Orlich has joined Bermuda-based American Safety Reinsurance Ltd. [ASRe] as a Casualty Underwriter to assist in the expansion of ASRe’s casualty portfolio. Mr. Orlich has over 15 years of experience in the casualty insurance and reinsurance market. He will be based in the company’s Bermuda office. Prior to joining ASRe, Mr. Orlich worked... Read more of this article

Video Preview: TROIKA’s “Once On This Island’

TROIKA’s latest production ”Once On This Island” started last night [Aug 23], earning rave reviews from people in attendance. The show is directed by Steve Huntsman [Las Vegas], choreographed by Eric Bean Jr, the assistant choreographer is Kioshi Burgess, and the vocal/choral producer is Edith Caines. The show started last night... Read more of this article

Bermuda Triathlon Summer Series Results

The Bermuda Triathlon Association Argo Re Summer Series continued this week at the Clearwater Beach, with Travis Cooper winning the 200m Swim/8K Bike/2K Run Individual Distance. The team of Ian and Charlie Pilgrim crossed the line first with a time of 23:54, however Cooper was clocked across the line clocking 24:12. Alex McManus was second clocking... Read more of this article

Bermuda Commercial Bank Market Announcement

In a filing to the Bermuda Stock Exchange, the Bermuda Commercial Bank Limited confirmed and updated the treasury stock information stated in the Bank’s 2010 and 2011 annual reports. The submission stated: “In fiscal 2010, a total of 44,873 shares were repurchased to be held as treasury stock. In fiscal 2011, a further 23,000 shares were acquired... Read more of this article

Courier Firms Notify Customers Of Rate Changes

Following the recent Supreme Court ruling, the island’s courier firms have notified their customers the duty rate will be lowered to where it was before. An email sent out to Mailboxes US Express customers said: “I am happy to report that per the recent Supreme Court ruling, Mailboxes US Express is, in fact, entitled to have our goods cleared... Read more of this article