Author Archive: Bernews1

BHS Students To Host Eco-Fashion Event

Students at The Bermuda High School will host a unique fashion event featuring designs made with at least 50% recycled or found materials on Friday March 23, 2012 at 7pm in the Queen Elizabeth Hall on the school campus. Inspired by the popular Project Runway reality competition on Lifetime hosted by Heidi Klum, the competition has seen 7 teams paired... Read more of this article

Upcoming: 2012 KPMG Round The Grounds Race

KPMG in Bermuda will host the 14th Annual KPMG ‘Round the Grounds’ race on Sunday, March 18, 2012. This race follows on from the ‘KPMG Bermuda International Mile’ held in January, and ‘Dash at Dark’ to be held on March 9, 2012. Despite challenging courses within a leafy park setting, previous years have seen enormous enthusiasm and... Read more of this article

Montpelier Issues Dividend Clarification

Bermuda’s Montpelier Re Holdings Ltd. yesterday [Mar.15] issued a statement announcing that its board of directors had declared a quarterly dividend of $0.105 per Common Share and $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A with the dividends payable on or about April 15, 2012. The company’s statement originally announced... Read more of this article

Island Absorbed 40% Of Tornado Losses

The Association of Bermuda Insurers and Reinsurers [ABIR] yesterday [Mar. 15 said international reinsurers paid 24 percent of US 2011 tornado losses for a total of $2.5 billion, with Bermuda reinsurers footing 40 percent of the losses. Bradley Kading, ABIR’s president and CEO, explained that the figures produced from publicly reported data only... Read more of this article

Eight Perot Stamps To Be Displayed

Bermuda’s Post Office will be celebrating its 200th anniversary next month with an exhibition that will include eight of the 11 known Perot stamps. Three of the rare stamps which will be displayed at the Masterworks Museum of Bermuda Art from April 19 through 28 are from the Queen’s own collection while two are owned by former Bermuda Premier... Read more of this article

Canopius Tumbles To First Ever Loss

Privately-owned Lloyd’s insurer and reinsurer Canopius — which operates in Bermuda, Singapore, Ireland and Switzerland — yesterday [Mar. 15] announced its first ever loss of £64 million before tax [2010: profit of £40 million], with catastrophes adding 24 points to its combined ratio bringing it to 111%. Gross written premiums were... Read more of this article

BEPRO To Host Business Lunch & Learn

Bermuda’s Emerging Professionals [BEPRO] will be hosting an upcoming Lunch and Learn entitled “Jump Start Your Business- Tips from the Pros” on Thursday, March 22nd from 12-1pm at the Chamber of Commerce. BEPRO is extremely excited to present guest speakers, Kerry Judd of New Beginnings Inc., Kumi Bradshaw of Firm Advisory Ltd, Alexandra Mosher... Read more of this article

Analyst Anticipates Frontline Recovery

Shares in Bermuda’s Frontline Ltd. climbed dramatically yesterday [Mar. 15] after a dearth of tankers lifted charter costs for the ships, said Wells Fargo Securities LLC. Frontline’s US-listed shares gained 13 percent by the close of New York trading yesterday. Rates to hire Very Large Crude Carriers for single voyages jumped 87 percent in... Read more of this article

Photo Set #2: Teachers RFC Fight Night

Hundreds of locals and over a dozen boxers and martial artists fighters made their way to the Berkeley Institute on Saturday night [Mar.10], as Teachers RFC hosted their 2012 Fight Night. The main fight of the night saw Bermuda’s Teresa Perozzi successfully defend her WBA Middleweight Title. Coleman Mills defeated Jared Jimenez in a Exhibition Amateur... Read more of this article

Former Miss Bermuda Shaves Head For Charity

Her hair has always been this former Miss Bermuda’s crowning glory — but she gave it up this week for a worthy cause. Vancouver-based teacher Joanne Darrell Herbert — Miss Bermuda 1998 — shaved her head earlier this week as a member of an international team participating in the St. Baldrick’s Foundation fundraising effort... Read more of this article

ABIR Warning About Florida’s Inaction

Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers [ABIR], bluntly told members of the Chartered Property Casualty Underwriters Society [CPCU Society] that Florida policymakers have put taxpayers at risk by not reforming the Florida Hurricane Catastrophe ”Cat” Fund or the Citizen’s Property Insurance... Read more of this article

Cricket: Canada Defeat Bermuda In UAE

The Bermuda National Cricket team lost their fourth consecutive game in the ICC World Twenty20 Qualifier today [Mar.16], with Canada winning by 72 runs. For the fourth game in a row, David Hemp won the toss at the Dubai International Cricket Stadium in the United Arab Emirates. Hemp sent fellow Americas Region opponents Canada to bat, Canada had an... Read more of this article