Author Archive: Bernews1
A.M. Best Upgrades For Validus
A.M. Best Co. today [Feb.6] upgraded the financial strength rating [FSR] to A [Excellent] from A- [Excellent] and issuer credit rating [ICR] to “a” from “a-” of Bermuda’s Validus Reinsurance, Ltd. Additionally, A.M. Best has upgraded the ICR to “bbb” from “bbb-”and debt ratings of the parent company,... Read more of this article
Video: New Bento Release ‘Just Rise’
Bermuda singer Matthew Bento — better known by his one-word stage name Bento – premiered his latest music video “Just Rise” at the recent Chewstick Backatown Film Festival. Shot in Dockyard in a single day in January by Bermudian filmmaker Asha Ludwig. the video has now been posted on-line. Award-winning singer/songwriter... Read more of this article
Video: Heather Nova BBC Interview
Bermuda singer/songwriter Heather Nova discussed her recent album “300 Days At Sea” — and its inspirational single “Higher Ground” — during a recent BBC TV appearance. The Bermudian folk rocker, who has been touring Europe in recent months to promote her latest release, told “BBC Breakfast” viewers how “Higher... Read more of this article
Minister Furbert On PGA Grand Slam
Speaking in the House of Assembly on Friday, Minister of Business Development & Tourism Wayne Furbert said that Bermuda may no longer host the PGA Grand Slam if the PGA is successful in finding a title sponsor. Minister Furbert said, “In a recent impact study it has been estimated that Bermuda receives approximately $2 million in on island... Read more of this article
George Berkeley’s ‘Bermuda Group’
In 1729, Anglo-Irish cleric and philosopher Dean George Berkeley [1685-1753] set out from London to found a college in Bermuda “for the better supplying of churches in our foreign plantations and for converting the savage Americans to Christianity.” Bermuda would provide the ideal setting for the philosopher’s social and educational... Read more of this article
Seadrill Wins Three New Contracts
Bermuda’s Seadrill has secured new contracts for the three jack-up rigs “Offshore Mischief”, “Offshore Defender” and “West Leda”. The Hamilton company said aggregated revenue potential is estimated at $311 million inclusive of mobilisation fees and assignment specific rig modifications. “Offshore Mischief”... Read more of this article
Video: Van Flips Over On Berry Hill Road
[Updated with video] At sometime around 9am this morning [Feb.6] an accident occurred which resulted in an A.F Smith van being flipped over on its side in the Berry Hill Road, Paget area. Emergency personnel are on scene, and traffic continues to be delayed while they deal with the situation. Details are limited at this time, however we will update... Read more of this article
Hospitality Professionals Visit Schools
This week, dozens of Hospitality professionals entered P-4, P-6 and M2 classrooms Island-wide to deliver the first of four one-hour lessons in hospitality. From General Managers, Chefs and Restaurant Owners, to Retired industry veterans, a Destination Wedding Coordinator and Taxi Fleet owner, each has made a commitment to volunteer their time over... Read more of this article
Lazard Revenue, Profits Plunge
Bermuda’s Lazard Ltd., the largest independent merger adviser, today [Feb. 6] said fourth-quarter profit declined on a decrease in revenue from advising on deals. Net income fell to $1.4 million, or one cent a share, from $104.5 million, or 76 cents, in the same period a year earlier, the Hamilton-based firm said in a statement. Revenue from... Read more of this article
Human Rights Amendment Act 2012
The Human Rights Amendment Act seeks to modernize the organizational structure and streamline the administrative processes to ensure an efficient Human Rights Commission, Minister of Youth, Families and Sports Glenn Blakeney said on Friday. The Commission’s thirty year old administrative processes and practices are out of date, causing delays in the... Read more of this article
UBP: ‘Casting Eye’ On Jackson’s Seat
United Bermuda Party MPs Kim Swan and Charlie Swan released a statement on the retirement of fellow Parliamentarian Mrs. Louise Jackson, and said as the UBP continues “to reform and rebuild, we are casting a serious eye focused on this constituency.” Last week One Bermuda Alliance MP Louise Jackson confirmed she is set to retire from Parliament.... Read more of this article
Isenberg Waives $100M Payment
Bermuda-based oil and gas drilling contractor Nabors Industries today [Febs. 6] said chairman Eugene Isenberg [pictured] would not seek a controversial $100 million payment linked to his resignation as chief executive officer in October. Mr. Isenberg’s pay, which has exceeded $170 million since 2005, has long generated controversy for the company,... Read more of this article
