Author Archive: Bernews1

CTC Insurance Community Day

On November 24th 2011 the CTC Insurance Management (Bermuda) Ltd. staff worked at WindReach Bermuda for their annual community giving day. The staff members who volunteered on November 24th were able to assist the staff of WindReach in sprucing up the gardens and grounds prior to the WindReach Expo 2011 that was scheduled for November 25th 2011.... Read more of this article

Astrochimp’s 1961 Bermuda Splashdown

Chimpanzees are the forgotten link in America’s manned space programme — with the first, simian-piloted US space capsule to orbit the earth splashing down off Bermuda 50 years ago today [Nov. 29]. When the space programme was in its infancy in the early 1960s, the US National Aeronautics & Space Administration used chimps to test how... Read more of this article

Omega Confirms Byrne May Lower Bid

Bermuda-based reinsurer Haverford may lower its bid for a 25 percent stake in London-listed rival Omega, Omega confirmed today [Nov. 29] — just 24 hours before the offer is due to expire. “[Haverford] has communicated the possibility of a new proposal at a fixed price or at a range with lower cap and floor prices than the current offer,”... Read more of this article

Day #1: 2011 BCS BSRA Club Champs

The big news on the Opening Night [Nov.28] of the 2011 BCS BSRA Club Championships is that the number 2 seed in the Ladies Event, Denise Kyme has withdrawn due to illness. Kyme was chasing a record 9th title having won her first back in 1980. In Men’s Open action, Malcolm Woodley defeated Shane McDonnell in four sets 17-15, 11-6, 8-11, 11-6, while... Read more of this article

Bonuses For White Mountains Executives

Bermuda’s White Mountains Insurance Group has rewarded its top executives with $6.75 million in special bonuses for their work in building up and selling off the company’s Esurance and Answer Financial units, the company disclosed last week to the US Securities & Exchange Commission. The company’s compensation committed approved... Read more of this article

Arthur Rankin’s ‘Rudolph’ Lights Up CBS

A Bermuda filmmaker’s Christmas gift to the world will light up CBS tonight [Nov. 29] when “Rudolph the Red-Nosed Reindeer” airs once again. The iconic special — first aired on NBC in 1964 — made its debut on CBS 39 years ago. It has been shown on one of the US networks every year since its premiere airing and remains the... Read more of this article

Assured Guaranty’s New EMC Complaint

Bermuda bond insurer Assured Guaranty Ltd. has come forward with three dozen new witnesses who it says will back a legal claim that it was defrauded by JPMorgan Chase & Co.’s EMC Mortgage unit in a $337 million mortgage-backed securities deal. Lawyers for Hamilton, Bermuda-based Assured Guaranty filed a new complaint unsealed yesterday [Nov.... Read more of this article

Award For BDOT’s Grand Central Event

The Hospitality Sales & Marketing Association International [HSMAI] will recognise the Bermuda Department of Tourism [BDOT] with a Bronze Adrian Award for public relations excellence for its winning entry in the 55th Annual Adrian Awards, the largest and most prestigious travel marketing competition globally. This year’s contest attracted nearly... Read more of this article

Video Set #2: 2011 Santa Claus Parade

City sidewalks were dressed in holiday style last night [Nov.27] and in the air there was a feeling of Christmas as Hamilton’s annual Santa Claus parade took place. The streets were packed as the annual parade made its way through the City, with dozens of groups taking part including various majorette groups, dance troupes, the Gombeys, the Bermuda... Read more of this article

Video Set #1: 2011 Santa Claus Parade

Santa Claus came to town last night [Nov.27] — and scores of Bermudians were on hand to greet him. Hamilton’s traditional Santa Claus parade got underway at the Par-La-Ville Road car park, and passed through Church Street, Par-La-Ville Road, Front Street, and Court Street with the island’s very young — and the young at heart... Read more of this article

Hockey League Weekend Report

This past weekend [Nov.26/27] a number of hockey games took place, the results follow below: Ravens 1 Canaries 2 In a very tight match where both teams were psyched to win, Canaries were lucky to edge ahead in the 25th minute when the shot from a penalty corner by Natasha Hallinan, deflected off of the leg of a Ravens defender and into the goal. Ravens... Read more of this article

‘Energy Limbo’ Competition Launches

This week the Department of Energy launched ‘Energy Limbo: How Low Can You Go?’– an energy cutback competition which sees participants compete for the biggest reduction in their electricity use over the course of almost a year. They are currently seeking volunteers who wish to compete in the challenge, which features a $600 travel voucher as the... Read more of this article