Author Archive: Bernews1

Curtain Rises On “Shirley Valentine” Production

A one-woman play about a middle-aged housewife whose Greek holiday becomes a joyously transformative journey of self- discovery is being staged as a fundraiser to help change the lives of young Bermudian performing arts students. Acclaimed Bermuda actress Carol Birch will reprise what has become her signature role as the title character in playwright... Read more of this article

Moody’s Ratings Agency Downgrades BCB

The rating agency Moody’s has downgraded its ratings for Bermuda Commercial Bank Limited [BCB] to Ba2, with a stable outlook. Horst E. Finkbeiner, Director & Chief Operating Officer commented that, “While disappointed with the downgrade we are pleased that our solid capital position and strong liquidity were recognized by Moody’s. We remain... Read more of this article

Catlin Group Reports $231M First-Half Profit

Bermuda-based Catlin Group Limited Catlin reported pre-tax profit of $231 million for the six months ended 30 June 2012. Stephen Catlin, Chief Executive of Catlin Group Limited, said: “Catlin produced excellent financial results for the first six months of 2012, including a record underwriting contribution and strong profits before tax. “Our... Read more of this article

Three Rescued After Floating At Sea Overnight

[Updated] Three men were rescued yesterday morning [Aug 5] after clinging to their capsized 17-foot boat for what is estimated to be 15 hours. The Bermuda Maritime Operations Center [BMOC] said the three men went out fishing on Saturday when their boat capsized after taking on water. A passing fishing vessel came upon the stranded men the following... Read more of this article

Observance Of World Breastfeeding Week

Minister of Health Zane DeSilva today [Aug 6] spoke at the launch of the annual observance of World Breastfeeding Week, which runs from August 6th to 12th. “This year the focus in the Department of Health is “Creating a Culture of Support,” which highlights the fact that it takes awareness and encouragement from many different areas to create... Read more of this article

Cayman Premier’s ‘Open Letter’ To Paula Cox

[Updated] Cayman Premier McKeeva Bush [pictured] wrote an ‘open letter’ to Premier Paula Cox where he said her behaviour is “downright antagonistic” and said that until now he had not rebutted or answered her back. “The fact is, as Cayman’s Premier I have never attacked, any other country, including Bermuda…”... Read more of this article

Photos: Crowds Flock To Non-Mariners Race

Scores of people packed Mangrove Bay yesterday [Aug 5] for the annual Non-Mariners Race. The ‘non-event’ was hosted by the Society of Non-Mariners and the Sandys Boat Club, with an official start time of 11.58am and 27 seconds. The always popular ‘non-event’ sees strange and unusual watercraft take to the water, most sinking... Read more of this article

$959: Airline Offers Bermuda to Azores Flight

SATA Airlines is offering round trip flights from Bermuda to Ponta Delgada in the Azores from August 15 until September 15 for a total cost of $959 dollars per person, with all fees included. The sale is for travel between November 2 and December 7, 2012, as well as between January 11 and March 22, 2013. For more information visit www.sata.pt. Related... Read more of this article

Cayman Changes Expat Tax Bracket: $20k To $36K

The 10% tax on expatriates’ salaries in the Cayman Islands will be applied to workers earning $36,000 and more a year, not $20,000 as first announced, the Cayman media report. The Caymanian Compass reports that Cayman Premier McKeeva Bush announced that contrary to his earlier announcement that the payroll tax would be imposed at the $20,000 mark,... Read more of this article

Tyrone Smith Looking To Make Another Final

Long jumper Tyrone Smith isn’t finished yet, with the 27-year-old athlete saying he hopes to build off of his recent Olympic experience and make another final. The U.S-based athlete gave Bermudians a thrill this weekend when he made it through to the Olympic finals and narrowly missed out on a medal when he fouled on his last attempt in the long... Read more of this article

Photo Set #2: Second Day Of Cup Match

The 110th Annual Cup Match Classic took place this past weekend [Aug 2] with Somerset Cricket Club winning on their home grounds. As always fans packed the Club’s ground many attired in their team colours and loudly cheering for their side. You can view all our Cup Match coverage here and all our Cup Match photo galleries here. Click to enlarge... Read more of this article

XL Announces Appointment Of Alfred Bergbauer

Intent on growing their North American primary casualty business using their extensive global network, the insurance operations of Bermuda-based XL Group plc announced the appointment of Alfred Bergbauer as Head of Multinational Casualty. Mr. Bergbauer will report directly to Ken Riegler, President of XL Group’s North American Primary Casualty group... Read more of this article