Author Archive: Bernews1

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

Janeiro Tucker Wins Player Of The Match

[Updated] Bermuda’s Janeiro Tucker was named the Player of the Match today [Mar.19], as the Bermuda National Cricket team won their first game in the ICC World Twenty20 Qualifiers, beating Papua New Guinea by 5 wickets. Janeiro Tucker was the top scorer with 52 not out, while Dion Stovell added 31 and David Hemp scored 30. The ICC Qualifiers taking... Read more of this article

Nine Swimmers Named To CARIFTA Team

The Bermuda Amateur Swimming Association named their team for the upcoming 2012 CARIFTA Games which will be held from April 12th – 15th in Nassau, Bahamas. After the results were finalized from the Best of Best Shipping event on Saturday [Mar.17], National swim coaches Ben Smith and Richard Goodwin selected a team of 9 swimmers to represent Bermuda... Read more of this article

Shark Released From Aquarium Into The Wild

“Osbourne,” a 7-year-old Galapagos shark, has been released into the wild after spending the past 6 years at the Bermuda Aquarium, the Department of Conservation Service said today [Mar.19]. The Department said the 6½ foot long shark was released back into the wild for “health reasons”. For the last six years the Galapagos... Read more of this article

BHB Confirm Death Of Donald Tucker

[Updated] The Bermuda Hospitals Board confirmed the death of 41-year-old EMT Donald Tucker, whose body was found this morning in the waters off Coopers Island. A hospital spokesperson said, “The Bermuda Hospitals Board is shocked and saddened by the sudden and unexpected death of EMT-1, Donald Tucker. “Mr. Tucker was respected and admired... Read more of this article

Witness Appeal: Armed Robbery At Liquor Store

The Bermuda Police Service is continuing investigations into the armed robbery which occurred at the Serpentine Liquors store located on Serpentine Road, Pembroke, at about 4:15pm last Thursday [Mar.15]. “A man entered the store, brandishing what witnesses describe as a firearm, removed an undisclosed amount of cash from the cash register and... Read more of this article

BMA Issues Quarterly Banking Digest

The Bermuda Monetary Authority published its latest quarterly banking digest for the island last week [Mar. 14] and the new statistics show the aggregate risk asset ratio of Bermuda banks remained flat at 23.2% during the quarter as lower risk-weighted assets — down by 3.8% — offset an increase in leverage. The digest also reported that... Read more of this article

Dr Allington & Ministry On Upfront Payments

Dr. Chris Allington said if the Government’s health insurance legislation passes in its current form it will “impose unrealistic compliance deadlines on all parties,” while the Ministry of Health defended the proposals about upfront medical payments saying the Ministry is “concerned that patients’ access to care is being unduly... Read more of this article

RPI2.0 Hosting Hurricane Workshop

At the intersection of oceanographic science and the re/insurance industry stands the Risk Prediction Initiative [RPI], founded in 1995 by a group of local Bermudian insurers and reinsurers and the Bermuda Institute of Ocean Sciences [BIOS]. Over the past 16 years, RPI has formed an extensive network of world-renowned climate scientists-including Program... Read more of this article