Author Archive: Bernews1

Willis Re Appoints New CEO

Willis Re, the reinsurance broking arm of London’s Willis Group Holdings which maintains a major Bermuda presence, named John Cavanagh as its new CEO yesterday [Jan. 19]. Mr. Cavanagh succeeds Steve Hearn, who was named chairman and CEO of Willis Global last December. In his new role, Mr. Cavanagh joins Peter Hearn, chairman Willis Re, and Paddy... Read more of this article

Petition Delivered To Deputy Premier

[Updated with photos/videos] Community activist Scott Smith is at City Hall this morning [Jan.20] collecting signatures on a petition seeking to enact stronger anti-gang legislation. Mr Smith [pictured] spoke yesterday at the funeral of Stefan Burgess, calling for the community to take action against the upsurge in shooting violence. 24-year-old Stefan... Read more of this article

Teekay Subsidiary Declares Dividend

Teekay GP LLC, the general partner of Teekay LNG Partners LP yesterday [Jan.19] declared a cash distribution of $0.63 per unit for the quarter ended December 31, 2011. The cash distribution is payable on February 14, 2012 to all unitholders of record on February 1, 2012. Teekay LNG Partners LP is a publicly-traded master limited partnership formed... Read more of this article

Photo Set #2: 2012 10K Race Weekend

Chris Estwanik won the Bermuda International Race Weekend 10K this past weekend, Lamont Marshall finished second overall, while Stephen Slatery finished third, and Rolanda Bell was the first female finisher across the line. Estwanik crossed the line in a time of 31.03, while Lamont Marshall finished second overall clocking 31.33, Stephen Slattery finished... Read more of this article

Photo Set #2: Sunday Marathon Races

Chris Estwanik and Rolanda Bell ran away with the Male and Female International Race Weekend Half Marathon Titles this past weekend, while Ethiopia’s Tesfaye Dube captured the International Race Weekend Marathon title, while Elana Orlova won the women’s Marathon Title. In the half marathon, Estwanik crossed the line in a time of 1:08:35, with Sean... Read more of this article

Bermudian Senior VP At FAC

Leading multi-currency online payment and fraud risk solutions provider First Atlantic Commerce [FAC] Limited has announced that it has appointed Bermudian Tricia Lines Hill to serve as its Business Development and Marketing Senior Vice-President. Hamilton-based FAC said that Mrs. Lines Hill [pictured] spent the previous five years as its Marketing... Read more of this article

Bermuda Cricket Board Suspends Three Players

The Bermuda Cricket Board [BCB] confirmed that as a result of a recent Disciplinary Hearing, three cricketers have been suspended. Detroy Smith, from St. George’s CC, was levied with a suspension from all cricket until November 1, 2014; and Macai Simmons, also from St. George’s CC, was suspended until May 1, 2013. Khiry Furbert, from PHC,... Read more of this article

BEPRO To Host Forum On Economy

Bermuda’s Emerging Professionals [BEPRO] are holding a public forum on the state of the island’s economy next month. The BEPRO meeting will feature Bank of Butterfield financial analyst Lamar Caines as guest speaker. Being held on February 1 at the Chamber of Commerce boardroom, the meeting will address such topics as the current state of... Read more of this article

New Merger Proposal For Omega

Bermuda’s Omega Insurance Holdings Ltd. was today [Jan. 20], thrust back into play as previously thwarted suitor Barbican Group Holdings Ltd. said it had made a “merger of equals” proposal to its Lloyd’s of London peer. Business website The Daily Deal reports Barbican, which is based in Guernsey, the Channel Islands, and its... Read more of this article

ACE Bids For HSBC Operations

Based in Bermuda and Switzerland, Ace Ltd. [ACE] is among the bidders for HSBC Holdings Plc’s non-life insurance operations, three people with knowledge of the matter told the Bloomberg financial news service yesterday [Jan.19]. Bupa Insurance Ltd., a UK health care group, is bidding for HSBC’s medical insurance business in Asia, said one of the... Read more of this article

Upcoming: Festival Impressions Exhibit

The Bermuda Festival of the Performing Arts presents its first exhibition: Festival Impressions. Mounted at the Bermuda Society of Arts in beautiful City Hall, the exhibition features a wide array of material that speaks to the impact the annual Festival has had on Bermudians. Since its inception in 1976, the Festival has often commissioned an artist... Read more of this article

‘Romney’s Bermuda Tax Holiday’

With prohibitive GOP Presidential favourite Mitt Romney’s legal use of off-shore domiciles including Bermuda for tax avoidance now gaining traction as a campaign issue, voters shouldn’t be questioning the candidate’s lack of political judgement or perceived remoteness from the average recession-battered American. Instead they should... Read more of this article