Author Archive: Bernews1

Bermuda: $500M In Terror Capacity

Writers of terrorism insurance within Lloyd’s of London have seen considerable expansion over the past decade, and while capacity — including an estimated $500 million available from Bermuda companies — is adequate, higher reinsurance cover costs and emerging political risks look to dampen that growth. Michael O’Connor, an underwriter... Read more of this article

Frontline Ltd. Sells Suezmax Tanker

Bermuda’s Frontline Ltd. today [Mar.5] entered into an agreement to sell its 1993-built double hull Suezmax tanker “Front Alfa”. Delivery to the buyer is expected to take place in late March 2012 and the vessel will cease to operate in the tanker market. All debt pertaining to the vessel, approximately $13 million, was prepaid in... Read more of this article

Bermuda: ‘Where Sea Turtles Grow Up’

Bermuda is the place where young sea turtles go to grow up, a Florida scientist who has spent his career studying the animals told environmental website OurAmazingPlanet today. Dr. Peter Meylan, a professor of natural sciences at Eckerd College in St. Petersburg, Florida, along with his research partner and wife Ann Meylan, of the Florida Fish and Wildlife... Read more of this article

Minister: Overall Funding Stepped Up

Business Development and Tourism Minister Wayne Furbert yesterday [Mar.4] said overall funding would be increased for groups promoting Bermuda as an international business domicile under Government’s budgetary grant structure for the 2012/13 fiscal year. Mr. Furbert said in the last fiscal year the Ministry of Business Development and Tourism... Read more of this article

Women’s Weekend Hockey Results

This past weekend, four women’s hockey matches took place at the National Sports Center on the North Field grass. Wildcats 5 Swallows 0 The Wildcats took the lead over the Swallows in the 13th minute when Maria Pichery scored a Field Goal, then Ashley Steede doubled the lead in the 26th minute scoring from a Penalty Corner. A Field Goal in the 44th... Read more of this article

Results: Rugby Football Union

Bermuda Rugby Football Union League action continued at the Warwick Academy School Field over the weekend. In ladies action the Teachers Ladies defeated the Mariners Ladies 5 – 2. Katy Wright scored three Try’s for the Teachers who also got single Try’s from Sally Pile and Christine Richards. Caroline Aberhart and Karlene Antoine scored a Try... Read more of this article

Photos: Banana Leaf Book Giveaway

Fairies are magical, and when Banana Leaf Faerie, Amiyah Lake, makes an appearance, magic things happen. Especially, when it involves bringing joy to the island’s children. Amiyah, along with author, Joan Aspinall, and Ronnie Chameau, creator of banana leaf dolls, teamed up at Gilbert Institute in Paget to distribute a complimentary gift of Ms Aspinall’s... Read more of this article

Karson Management: ‘Significant Growth’

Bermuda’s Karson Management today [Mar.5] announced significant growth in its Karson Collateral business volume since 2009 and further development of its collateral financing and issuance platform. Karson Management Limited is a structuring and management firm providing capital management and financial risk management solutions for key industries. Karson’s... Read more of this article

PLP & OBA On Tourism Authority

Both the OBA and PLP have accused each other of trying to mislead people over their positions on a Tourism Authority. The PLP said that “Establishing a Tourism Authority is tantamount to privatising the Ministry of Tourism which will necessarily mean laying off civil servants who may not get replacement jobs during these challenging times.” Premier... Read more of this article

Charity Ride For Paralympic Hopeful

Team Fast Forward Bicycle Works rode 100 miles yesterday [Mar.4] in windy conditions to raise funds for Bermuda Paralympic hopeful Jessica Lewis. Ms Lewis made history as the first Bermudian to compete in athletics at a major para-sport championships when she competed at the 2011 Parapan American Games in Guadalajara, Mexico. Her dream is to compete... Read more of this article

Basking Shark Tracked To Bermuda

New Brunswick researchers are tracking Canada’s largest fish from the Bay of Fundy to the seas around Bermuda and Cuba, the Canadian Broadcasting Corporation reports today [Mar. 5] The basking shark can range in size from 22 to 39 feet, making them the largest fish in Canada. However, little is known about the giant fish. The basking sharks are also... Read more of this article

Cashier Charged With Stealing Food

In Magistrate’s Court last week, 58-year-old St David’s resident Mernagene Olliviere — a one time cashier at Lindo’s — was charged with stealing foodstuff from Lindo’s Market, however the charges were dismissed. Following her guilty plea, the Prosecutor read out the facts, saying Ms Olliviere had charged the wrong amount... Read more of this article