Author Archive: Bernews1

TransAtlantic Signs Agreement With Shell

Bermuda-based TransAtlantic Petroleum Ltd. today [Mar. 20] announced it has signed an agreement with Shell Upstream Turkey BV pursuant to which Shell will co-fund a 2012 TransAtlantic program to collect 1,000 kilometers of 2D seismic data and approximately 8,000 kilometers of airborne gravity gradiometry and magnetic data in Turkey’s Sivas Basin,... Read more of this article

India Sending Tax Officers To Offshore Centres

India — which signed a pact with Bermuda in 2010 to facilitate the exhange of information between the two countries on tax evasion — is planning a major crackdown on citizens who abuse offshore financial centres. New Delhi yesterday [Mar. 19] announced tax officers will be posted in offshore financial centres to spot suspicious transactions... Read more of this article

Moody’s Upgrade For Nabors Industries

Nabors Industries Inc., a wholly owned subsidiary of Bermuda-based Nabors Industries Ltd., received an improved rating outlook from Moody’s Investor Services yesterday [Mar. 19], moving from a negative rating to a stable Baa2 senior unsecured rating. Some of the land drilling contractor’s credit strengths include its significant international... Read more of this article

Bermuda To Honour Mary Prince’s Legacy

The legacy of Bermudian slave Mary Prince — whose historic 1831 book [pictured] has lost none of its power to either shock or to inspire understanding and reconciliation among peoples — will be celebrated on the island next week. In 2007, the United Nations designated March 25 as the International Day of Remembrance of the Victims of... Read more of this article

Former US Consul General Dies At 84

L. Ebersole Gaines Jr., US Consul General in Bermuda at a time when historic geopolitical changes ended the island’s strategic role as a Cold War military outpost, died in San Francisco last Thursday [Mar. 14]. He was 84. Mr. Gaines [pictured] was appointed US Consul General to Bermuda in 1989 by President George H.W. Bush. He served here until... Read more of this article

Dr. Wingate Lecture: ‘Oceania To Suburbia’

Internationally renowned Bermudian ornithologist and and naturalist officer Dr. David Wingate will be giving a special lecture at Warwick Academy on Friday [Mar. 23] by to mark 400 years of the island’s permanent settlement and the school’s anniversary The Bermuda Audubon Society and Warwick Academy are jointly presenting the talk “From... Read more of this article

Cricket: Afghanistan Defeat Bermuda In UAE

[Updated with photos] The Bermuda National Cricket team continued competing in the ICC World Twenty20 Qualifiers taking place in the United Arab Emirates, losing to Afghanistan today [Mar.20]. Afghanistan won the toss and elected to bat, and scored 177/5 in their allotted 20 overs, Mohammad Shahzad was their top scorer with 64 not out. Bermuda’s... Read more of this article

Inaugural Bermuda Beach Art Festival

Bermudians are being encouraged to use the island’s pink sand as their canvasses at the annual Beach Art Festival on Saturday [Mar. 24]. Artists of all skill levels are invited to participate in adorning as many of Bermuda’s beautiful beaches as possible with beach art, creations that only last until the next high tide washes them away. World... Read more of this article

Upcoming: National Trust Palm Sunday Walk

The Bermuda National Trust is preparing for its annual Palm Sunday Walk on April 1 at 2pm, a five-mile trek across Smith’s Parish through parts of Bermuda you don’t usually see. The walk will highlight places of cultural interest and beauty. Parking for the event is at Whitney Institute but space is limited so the National Trust is asking... Read more of this article

Golf: Aldus Aviation To Sponsor Bacardi Par 3

On the heels of the news that the Bacardi Par 3 National Championship has seen each of their professional and amateur player slots filled in record time, Aldus Aviation Ltd. was announced as a supporting sponsor of the March event. The Fairmont Southampton’s Director of Golf, Anthony Mocklow said, “We are pleased to announce Aldus Aviation Limited... Read more of this article

AXIS Partially Redeems 7.25% Series

Bermuda-based AXIS Capital Holdings Limited yesterday [Mar.19] announced that it will redeem 6,000,000 of its 7.25% Series A Preferred Shares, par value $0.0125 per share and liquidation preference $25.00 per share, representing $150,000,000 in aggregate liquidation preference of Preferred Shares, on April 18, 2012 at a redemption price equal to $25.00... Read more of this article

Cash To Host Endurance Conference Call

Endurance Specialty Holdings Ltd. , a Bermuda-based provider of property and casualty insurance and reinsurance, yesterday [Mar. 19] announced that it will issue its financial results for the quarter ended March 31, 2012 on May 2, 2012 after the close of the financial markets. On Thursday, May 3, 2012 CEO David Cash [pictured] and members of senior... Read more of this article