Author Archive: Bernews1

Former Bermuda Firm Files For Bankruptcy

A rescue effort for one-time Bermuda company MF Global has landed in a US bankruptcy court, “The Wall Street Journal” is reporting. The ailing brokerage firm run by former New Jersey Governor Jon Corzine, filed for bankruptcy protection in a New York court on Monday [Oct.31]. MF Global Holdings listed more than $41 billion in assets in... Read more of this article

Bermuda Marks Diabetes Month In November

The Bermuda Diabetes Association will mark Diabetes Month with a series of events being held throughout November. On Saturday, November 19 the Diabetes Association is holding a friends and family walk, getting underway from Bulls Head car park Farmers’ Market at 8.45 am. Goodie Bags and T-shirts will be handed out tor the first hundred participants. Also... Read more of this article

Bermudian To Head Conyers’ UK Office

International Bermuda law firm Conyers Dill & Pearman today [Oct. 31] announced the appointment of Charles Collis [pictured] as head of the firm’s London office effective immediately as it continues to build its market-leading offering for clients across London and Europe. In his new role, Bermudian lawyer Mr. Collis will set the strategic course... Read more of this article

Cruise Ship Makes Inaugural Bermuda Call

The 2,974-passenger cruise ship “Carnival Glory” made its inaugural call into King’s Wharf, Bermuda last week. As is standard for any vessel calling into port for the first time, a plaque ceremony took place commemorating the maiden call with officials and shipboard crew. Bermuda’s Minister of Transport Terry Lister is pictured with... Read more of this article

US Complaint Seeks Return Of $919 Million

Liquidators from the British Virgin Islands for Fairfield Sentry Ltd. and affiliated funds, which had been the largest feeder funds for Bernard L. Madoff Investment Securities Inc., have filed an amended complaint last week against the funds’ managers, including Fairfield Greenwich Ltd. and its local subsidiary Fairfield Greenwich [Bermuda] Ltd. The... Read more of this article

Bermuda’s Frontline Sells Suezmax Tanker

Bermuda’s Frontline Ltd. has entered into an agreement today [Oct. 31] to sell its 1996-built Suezmax tanker “Front Hunter” [pictured] to VTN Shipping Group. The vessel will cease to trade in the spot tanker market, and delivery is expected to take place in November, 2011. The sale will result in a net cash outflow of approximately... Read more of this article

WSJ: $100 Million Pay Day For Outgoing CEO

Gene Isenberg, former chief executive officer of Bermuda’s Nabors Industries Ltd., is slated to receive $100 million in cash after making way for a new CEO at the world’s largest land-drilling contractor, “The Wall Street Journal” reports today [Oct. 31]. The Hamilton-based company will record the sum as a contingent liability... Read more of this article

Lost Dog Found, Is He Yours? [Found]

[Updated - found] Dog gone? If your pet has strayed in recent days the pooch pictured below has been found and the Animal Control Department is now seeking its owner. If anyone knows who he belongs to please call 239-2327, or you can call the Police at 295-0011 and have them page the warden on duty. Update Nov 1: Animal Control said the Shih Tzu owner... Read more of this article

Futsal League For Women’s Football

The Bermuda Football Association in partnership with Brazilian Football Charitable Trust announces the commencement of a Futsal League for Women’s football. This league is open to all BFA affiliates and any other organisation or group who wishes to enter a team. Please contact the BFA @ 295-2199 to register before Friday November 4 2011. All matches... Read more of this article

Dr. Martin’s New Film On 21st Century Woes

With the world population passing the seven billion mark this week, Bermuda-based scientist and philanthropist Dr. James Martin has been visiting the Oxford research centre he founded to make a new film promoting the school’s work finding solutions to the unique challenges of the 21st century. Over the course of his visit he was due to meet with... Read more of this article

Bermuda Painter To Hold One-Woman Show

Acclaimed Bermuda painter and Windjammer II owner, Sheilagh Head, will be featured as the Pitts Bay Road gallery’s solo artist in November. Mrs. Head has created over 30 new works for this one woman-show entitled, “Fusion”. Her interpretive paintings of Bermuda in her own inimitable style, as well as her latest abstracts will be included... Read more of this article

Smith & Alen Win Crime Stoppers Race

Chayce Smith [pictured] and Jennifer Alen ran away with the Male and Female 2011 Crime Stoppers 5K Run Titles yesterday [Oct.30] morning. Smith crossed the line in a time of 15:42, with Juma Mouchette finishing second clocking 17:25, while Gideon Kigotho finished third in a time of 17:45. Christopher Harris finished fourth with a time of 17:46 and Craig... Read more of this article