Author Archive: Bernews1

Women’s National Team BBall Announced

The Bermuda Women’s National Basketball team has been selected for the upcoming Island Games, which will be held next month in the Isle of Wight. Erica Woods will headline the team that also will see the likes of Jamila Godwin who is a co-captain, Marissa Wainwright and Kimale Evans. The team will be coached by Allen R Walker Jr. and assisted by Scott... Read more of this article

Video: OBA Pledge ‘Less Talk, More Action’

It’s not going to be politics as usual anymore, according to the leaders of the One Bermuda Alliance. OBA deputy leader Senator Craig Cannonier and chairman Michael Fahy said the party is intent on breaking the mold of Bermudian politics and bringing new faces, new ideas and new energy to the process. Rolled out last week following a long-anticipated... Read more of this article

Photos: 2011 Bermuda Day Parade

The 2011 Bermuda Day Parade took place yesterday [May 24], with almost 50 groups participating in the extremely popular annual event. The floats, dance troupes, gombeys, majorettes and other groups are making their way along the route, which is lined with enthusiastic spectators. Watch a replay of the live video stream here, view photos and results... Read more of this article

May 24th Race: Premier Cox Cheers Husband On

Premier Paula Cox was at Bernard Park yesterday [May 24] cheering on a field of hundreds of runners as they completed the 13.1-mile Half Marathon Derby course. But she was there in a personal as well as an official capacity. Ms Cox’s husband, Cameroon-born businessman Germain Nkeuleu [pictured below], participated in the Somerset-to-Hamilton... Read more of this article

Sybil Barrington’s Bermuda Day Appearance

Female impersonator Mark Anderson appeared in yesterday’s Bermuda Day parade, joining the dozens of floats, dance groups and performers. Mr. Anderson was also hoping to raise public awareness of today’s [May 25] City Hall rally aimed at encouraging Government to include sexual orientation in Bermuda’s Human Rights Act. The entertainer... Read more of this article

Delegation Returns From Hurricane Prep Meeting

Deputy Governor David Arkley recently returned from a three day seminar in Miami where representatives of the British Caribbean Overseas Territories and Bermuda met to discuss preparations for the forthcoming hurricane season. For the 2011 Atlantic Hurricane season, which begins June 1, NOAA is predicting 12 to 18 named storms, of which 6 to 10 could... Read more of this article

High Stakes On The High Seas In Yacht Race

As of the mid-afternoon position update today [May 24], it was evident the lead boat in the Charleston Bermuda race — the Hofford-Ford team on board the Shipman 63 “Tucana” – was making a move to distance itself from race rival “Spirit of Juno” [pictured], the OnDeck Farr 65 under charter to the self-acclaimed... Read more of this article

Shooting Victims Remain Hospitalized

Both shooting victims from yesterday [May 23] remain hospitalized, and are both listed as stable this evening. The Police said that at around 12:30pm yesterday, two men wearing dark clothing and riding on a dark motorcycle drove from the direction of Cedar Park onto Frog Lane, where they drove behind the two victims who were also traveling on a motorcycle. Both... Read more of this article

Business Bermuda Attends UK Fund Conference

Business Bermuda represented Bermuda’s fund industry at the Hedge Fund Redomiciliation conference for Managers & Funds today [May 24] in London. For the first time Business Bermuda attended the day-long event to talk about the impact of the Alternative Investment Fund Managers Directive [AIFMD] on non-EU, offshore jurisdictions. Bermuda has levels... Read more of this article

EQECAT: Re/Insurers ‘Face Record Losses’

Bermuda re/insurers are bracing for record losses this year as the global industry contends with devastating tornadoes, floods, earthquakes and what’s feared will be an active Atlantic hurricane season. The Reuter news agency reports today [May 24] global re/insurers could suffer as much as $10 billion from weather-related losses in the United... Read more of this article

Axis Speciality Ltd. Gets Florida Approval

Florida’s Office of Insurance Regulation has approved Bermuda re/insurer Axis Speciality Ltd. to post reduced collateral and operate in Florida as an eligible reinsurer. This approval makes Axis the 13th Bermuda reinsurer authorised to do business in Florida with similar terms.. In September 2008 Florida’s Cabinet approved a rule based... Read more of this article

XL Group CFO Irene Esteves Is Leaving Firm

XL Group, which maintains its executive offices in Bermuda, announced today [May 24[ that Irene M. Esteves will be leaving the company following a transition period to pursue an opportunity with a Fortune 150 Company outside the insurance industry. XL will initiate a search for M. Esteves’ replacement. Mike McGavick, CEO of XL, stated, “Irene... Read more of this article