Author Archive: Bernews1

Willkie Farr & Gallagher Acts For RenaissanceRe

International law fim Willkie Farr & Gallagher LLP is representing RenaissanceRe Holdings Ltd. in the $275 million public equity offering announced by the Bermuda reinsurer earlier this month. RenaissanceRe has agreed to sell in an underwritten public offering $275 million aggregate liquidation preference of its 5.375 percent Series E Preference... Read more of this article

100 People Attend Special Regimental Service

Around 100 people today [May 26] attended a special service to mark 40 years of service by Bermuda Regiment officers to the Governors of Bermuda. Governor George Fergusson gave the sermon, in which he thanked all those who had served as Aides-de-camp – the military right-hand men to the Governor – over the years. Retired Major Alvin Daniels, the... Read more of this article

Video Set #1: 2013 Bermuda Day Parade

Thousands of enthusiastic spectators gazed on on Friday [May 24] as the Bermuda Day parade swirled through the streets of Hamilton featuring flower-bedecked floats, majorettes, Gombey troupes and other participants all celebrating the island’s 400-year-old cultural heritage. The first set of videos below shows the beginning of the Parade including... Read more of this article

Bermuda Hogges Withdraw From PDL League

The Bermuda Hogges Football Team will not be participating in the Mid-Atlantic Division of the PDL this season due to insufficient funding. A press statement from the Hogges said, “After six seasons in the USL, we have advised the League management that we had not raised sufficient sponsorship and the level of funding needed to fulfill its 2013... Read more of this article

Motorcyclist Arrested For DUI After Collision

After being involved in a two vehicle collision on Bermuda Day, a 29 year old Southampton man was taken to hospital, treated for his injuries, discharged and then arrested on suspicion of impaired driving. A police spokesperson said, “Around 8:15pm on Friday, May 24th police and first responders attended a reported two vehicle collision on South... Read more of this article

AXIS Capital To Redeem Series A Shares

Bermuda-based AXIS Capital Holdings Limited will redeem 4,000,000 of its 7.25 per cent Series A Preferred Shares, par value $0.0125 per share and liquidation preference $25.00 per share, constituting all of its outstanding Preferred Shares, representing $100,000,000 in aggregate liquidation preference of Preferred Shares, on June 19, 2013 at a redemption... Read more of this article

TROIKA Bermuda To Make International Debut

This summer TROIKA Bermuda will be making their international performance debut at the 2013 National Black Theatre Festival [NBTF] in Winston-Salem, North Carolina. Founded in 1989 with Dr. Maya Angelou serving as the Festival’s first Chairperson, the NBTF is held biennially and attracts more than 65,000 people over the six days. Out of over 130... Read more of this article

Classic Broadway Operetta Set In Bermuda

Bermuda was the unlikely setting of a 1912 Broadway comic operetta which helped to launch the careers of the lyricist of “Smoke Gets in Your Eyes” and the composer of “Rose-Marie.” Precursors to the modern Broadway musicals, comic operettas were among the most popular theatrical forms in the early decades of the 20th century. In... Read more of this article

Canopius Merger Leads To Zacks Downgrade

New York’s Tower Group — which announced the closing of its merger with Bermuda’s Canopius Holdings in March — was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Thursday [May 23]. They currently have a $18.00 target price on the stock. Zacks’ analyst wrote, “We... Read more of this article

Sirius Semi-Annual Preference Share Dividend

The Board of Directors of Sirius International Group, Ltd. has declared a dividend of $37.53 per share, payable in cash on July 1, 2013, to holders of record of its Fixed/Floating Perpetual Non-Cumulative Preference Shares as of the close of business on June 28, 2013. Sirius International Group, Ltd. is a Bermuda holding company whose operating companies... Read more of this article

Photo Set #2: Bermuda Day Race Finish Line

Almost 700 runners, ranging from teenagers up to people in their 70s and 80s, took part in Friday’s Appleby Bermuda Day Half Marathon, making the 13 miles trek from Somerset to Hamilton. For all our coverage of the Half Marathon including results, photos & videos click here, for all our Bermuda Day holiday coverage click here, and for all... Read more of this article