Author Archive: Bernews1
Former GE Executive Named To Aspen Board
Aspen Insurance Holdings Limited today [Nov.17] announced that the company’s board of directors has appointed Mr. Ron Pressman to the Board in a non-executive capacity with immediate effect. Mr Pressman has also been appointed to the Company’s Compensation and Investment Committees. Mr. Glyn Jones, Chairman of the Board commented: “I... Read more of this article
S&P Upgrades Alterra Capital Ratings
Standard & Poor’s Ratings Services said this week that it has raised its financial strength rating and counterparty rating on Bermuda-based Alterra Capital Holdings Ltd.’s core companies. The New York-based rating agency cited improved operations following the “successfully completed” merger of Max Capital Group Ltd. and Harbor Point Ltd.... Read more of this article
Video: PLP Candidate Jonathan Smith
[Updated with video] Continuing their candidate roll outs this morning [Nov.17], the Progressive Labour Party announced that Senator Jonathan Smith will be their candidate for Constituency #28, Warwick West Warwick West is presently held by the OBA’s Mark Pettingill, who won under the UBP’s banner in 2007 with 62.07% of the vote over the... Read more of this article
Seadrill Rig Awarded Two-Year Extension
Bermuda’s Seadrill has been awarded a two-year extension for the ultra-deepwater semi-submersible rig West Aquarius which is currently operating in Asia under a worldwide contract for ExxonMobil. It is anticipated that the extension period will primarily involve operations in the North Atlantic area. An estimated period of 106 days will be required... Read more of this article
BF&M ‘Satisfied With Financial Results’
Bermuda’s BF&M Limited today [Nov.17] announced net earnings for the 9 month period ended September 30, 2011 of $16,688,016, resulting in a return on shareholders equity of 12%. These results compared with net earnings of $16,899,331 for the comparable nine month period in 2010. President & CEO, John Wight stated that “we were satisfied... Read more of this article
Bermuda Risk Management Group Established
A new regional group of the London‐based Institute of Risk Management [IRM] has been established in Bermuda. The formation of the new regional group in Bermuda reflects rising local interest in a professional approach to risk management. IRM chairman Alex Hindson commented: “Effective management of risk is becoming increasingly important for... Read more of this article
Crime: Enforcement And Outreach
Economic growth goes hand-in-hand with public safety and Government’s efforts to stimulate the economy will only succeed if Bermuda reins in violent crime, National Security Minister Wayne Perinchief said yesterday [Nov. 16] Expanding on initiatives for his Ministry announced in the Throne Speech, Mr. Perinchief [pictured] said prison sentences... Read more of this article
Caledonian Society Marks St. Andrew’s Day
The Caledonian Society of Bermuda marks its 75th anniversary this year, making its annual St. Andrews Ball a particularly special event. The Ball celebrates St. Andrew, the patron saint of Scotland, and has proven to be one of the most high-profile events on the Bermuda social calendar. “However, to celebrate this landmark, the Society is pulling... Read more of this article
“Digicel Internet” Now Available
Digicel is now offering internet service plans starting from $25 per month [for 1MB]. The internet service is marketed as ‘Digicel Internet’ and is provided by internet service provider Transact Limited, which was recently acquired by Digicel. 1 MB is $25 per month, 2 MB is $60, 3 MB is $80, 4 MB is $90, 6 MB is $110, 8 MB is $120. “Digicel... Read more of this article
PALS Donation: Jack Daniels Golf Tour
The Jack Daniels Tour has just finished its 2011 Season with Dwayne Pearman regaining his dominance over local golf by winning the Gosling’s Order Of Merit. However, the real winner this year was P.A.L.S., as the Bermuda Professional Golf Association through the Jack Daniels Tour donated a check for $1200. A Portion of entry fees were set aside... Read more of this article
Min. Bean On Throne Speech Initiatives
Newly appointed Minister of Environment, Planning and Infrastructure Strategy Marc Bean held a press conference yesterday [Nov.16] to provide further details on upcoming initiatives within his Ministry. Minister Bean spoke about a number of issues including the development of an Infrastructure Strategy by the end of 2011, reducing our electrical... Read more of this article
Bermudian Athletes Ranking Well In CAC
The current rankings of the Central American and Caribbean Athletics Confederation [CAC] show that a number of Bermudian track and field athletes have achieved top rankings in the region. Lamont Marshall has the 3rd fastest 3000m time for the year, Tyrone Smith’s 8.16 leap on June 30th sees him ranked 3rd in Men’s Long Jump, and Ashley Berry’s... Read more of this article
