Author Archive: Bernews1

Photos: 2011 Berkeley’s ‘Carnival Christmas’

Berkeley Institute students presented ‘Carnival Christmas’ earlier this week in the school’s auditorium. The play written by student director Tashel Bean, and focuses on Talea, the daughter of the carnival boss Kenny Matthews, who plots to run away with her screen idol. The production was overseen by Drama Adviser Josephine Kattan,... Read more of this article

Clearwater Students Wash Police Cars

Between 1:30pm and 3:30pm today [Dec.16] students from Clearwater Middle School washed police vehicles at Southside Police Station. The six M3 students were joined by their teacher Ms. Jannelle White who organised the activity as a way to show their appreciation and give back to the police during the holiday season. . Chief Inspector Hashim Estwick... Read more of this article

XL Subsidiary Declares Dividend

XL Group == headquartered in Ireland with executive offices in Bermuda — today [Dec.16] announced that the board of directors of its wholly-owned subsidiary, XLIT Ltd. [formerly XL Group Ltd.] voted to pay a dividend of $9.1084 per share on XLIT Ltd.’s Series D Preference Ordinary Shares. The dividend will be paid on January 17, 2012 to... Read more of this article

Minister Minors Visits Hamilton Retailers

Minister of Economy, Trade and Industry Patrice Minors today [Dec.16] visited retailers in the North East Hamilton Economic Empowerment Zone and other areas of Hamilton in advance of the Christmas holiday in an effort to show support for those businesses. Following the retail visit, Minister Minors discussed the importance of providing incentives aimed... Read more of this article

Dr. Kevin Brown Sentenced To 12.5 Yrs

Dr. Kevin Brown was sentenced to twelve-and-a-half years in a California prison today [Dec. 16] for fondling female patients during inappropriate breast and pelvic exams. Dr. Brown was also ordered to pay more than $13,000 in restitution, and to register for life as a sex offender. He had faced a maximum sentence of 17 years behind bars, after previously... Read more of this article

Bermuda-Flagged Oil Tanker In Distress

A Bermuda-registered oil tanker that got into difficulties off the coast of Ireland is making its way to Belfast, the BBC reports today [Dec.16]. The Irish coastguard said the captain of the “Genmar Companion” [pictured] reported cracks in its deck but there has been no leaks. The vessel, which was en route from Rotterdam to New York, is... Read more of this article

Socius Share Placing For Xcite Energy

British oil exploration and development company Xcite Energy has secured access to £85.8 million in new capital, with £25.8 million of the money being raised through a share placing arranged by a subsidiary of the Bermuda-based Socius Capital Group. The remaining £60 million will be made available through an equity credit line facility. Based in... Read more of this article

Textainer Announces New Appointments

Bermuda-headquarted Textainer Group Holdings Limited, the world’s largest lessor of intermodal containers based on fleet size, today [Dec.16] announced that it has appointed Hilliard C. Terry, III as Executive Vice President and Chief Financial Officer and Daniel W. Cohen as Vice President and General Counsel. “We are very excited to have Hilliard... Read more of this article

Frontline 2012 Shares Launched

Bermuda oil-tanker operator Frontline — which announced a major restructuring plan earlier this month — said a new company it intends to form completed a private sale of shares which raised $285 million. Frontline, based in Hamilton, Bermuda, rose almost 11 percent to 21.88 kroner on the Oslo bourse today [Dec. 16] after the company said... Read more of this article

Zacks: AXIS Capital Analysis

International ratings agency Zacks is maintaining its neutral rating on AXIS Capital Holdings Ltd. given the Bermuda re/insurer’s substantial exposure to catastrophe losses and low interest rate environment weighing on net investment income. In a report issued today [Dec. 16], Zacks said the Bermuda company suffered huge catastrophe losses in... Read more of this article

Police Investigate Court ‘Disturbance’

Police are investigating a report of what they termed a “minor disturbance” between two men that occurred in the entrance foyer of Magistrates Court yesterday morning [Dec.15]. Unofficial reports suggest gang members from rival gangs came into contact with each other, and pushing and shoving ensued. “No injuries were reported and the... Read more of this article

Video: Top Model Show in Bermuda

Celebrating the island as the “jewel of the Atlantic” and saying it’s as stunning as any of the catwalk hopefuls they feature, “Top Model TV” has posted a feature video showcasing their trip to Bermuda this summer. The 20-minute video features Front Street retail stores; a behind the scenes look at a photoshoot featuring... Read more of this article