Author Archive: Bernews1

Conyers Represents SeaCube In Sale

Bermuda-based international law firm Conyers Dill & Pearman represented SeaCube Container Leasing, a Bermuda company, in connection with the acquisition of SeaCube by Ontario Teachers’ Pension Plan by way of amalgamation following approval of the transaction by the shareholders of SeaCube at a special general meeting held on 23. The shareholders... Read more of this article

OBA Chairman Speaks To St. Kitts Convention

One Bermuda Alliance chairman Thad Hollis [pictured] told an audience in the St. Kitts & Nevis that the outcome of the 2010 by-election to replace former Premier Dr. Ewart Brown convinced members of the former Bermuda Democratic Alliance and the United Bermuda Party they had to merge if there was any realistic prospect of ousting the Progressive... Read more of this article

“Technical Issues” At Planning Department

The Department of Planning said they wish to advise the public that “due to recent Government network outages, their geographical information and file management system, the Bermuda Environmental Management Information System [BEMIS] has been experiencing technical issues. “As a result, some of the file management functions relating to the... Read more of this article

Library Screenings Of “Django Unchained”

The Bermuda National Library will be featuring “Django Unchained” — director Quentin Tarantino’s Oscar-winning Western/revenge fantasy — at its “Saturday’s Selection” screenings this weekend [May 4]. The critically acclaimed 2012 film stars Jamie Foxx, Christoph Waltz, Leonardo DiCaprio, Kerry Washington,... Read more of this article

Deutsche Bank Ups Everest Price Target

Analysts at Deutsche Bank raised their price target on shares of Bermuda domiciled reinsurer Everest Re Group from $128.00 to $147.00 in a research report issued to clients and investors on Tuesday [Apr. 30]. The firm currently has a “buy” rating on the stock. RE has been the subject of a number of other recent research reports. Analysts at Barclays... Read more of this article

Energy XXI To Issue First Quarter Results

Bermuda-domiciled Energy XXI announced it will host a conference call on Monday, May 6 Central Daylight Time to discuss fiscal 2013 third-quarter financial and operating results for the period ended Mar. 31, 2013. Results will be released through global newswire services prior to the call and will be available at www.EnergyXXI.com. To actively participate... Read more of this article

Golar LNG Partners Announces Dividend

Golar LNG Partners LP announced on Monday [Apr. 29] that its board of directors has declared a quarterly cash distribution with respect to the quarter ended March 31, 2013 of per unit. This represents an increase of $0.015 per unit from the fourth quarter of 2012 cash distribution and reflects accretion as a result of the acquisition of “Golar... Read more of this article

Elderfield Named To Lloyds Banking Post

Lloyds Banking Group confirmed on Tuesday [Apr. 30] that it had recruited former Bermuda Monetary Authority CEO Matthew Elderfield as group director of conduct and compliance, a newly created position. He will start work in October this year and will report to the chief risk officer, Juan Colombas. The move follows an internal reshuffle of Lloyds’... Read more of this article

Airline Diverts After Reports Of Fire On Board

[Updated with videos. At 8.20pm the captain of a flight heading from Mexico to the UK called in saying there was a fire in the cabin and requesting an emergency landing in Bermuda. Dozens of fire fighters responded to the scene as a precautionary measure, as did the police and medical personnel. The plane landed without incident at 9pm, and the 338... Read more of this article

Telecommunications Companies: ICOLs Issued

Minister of Economic Development Dr. Grant Gibbons and Regulatory Authority Chairman Kent Stewart held a press conference today [Apr 30] regarding the nineteen Integrated Communications Operating Licenses [ICOLs] that were issued yesterday to local telecommunications companies. Mr Stewart said, “In simple terms, there are generally four types... Read more of this article

BELCO Staff Rescue Cat Stuck Up Pole

BELCO staff recently came to the rescue of a cat which found itself stuck up an electricity pole. The SPCA said the cat appeared to have climbed the pole trying to catch birds. “To add insult to injury the tables were soon turned when the local bird population started dive bombing the cat whilst it was trapped at the top of the pole,” the... Read more of this article

BELCO’s Health, Safety And Environment Week

Bermuda Electric Light Company Limited [BELCO] is holding its first Health, Safety and Environment Week, April 29 –May 3. The week coincides with the International Labor Organization’s World Day for Safety and Health at Work, as well as Environment Day. The kicked off with an opening ceremony for all staff at the BELCO Monument for the laying of... Read more of this article