Author Archive: Bernews1

Dame Jennifer On Passing Of Margaret Thatcher

Speaking about the passing of former British Prime Minister Margaret Thatcher today [Apr 8], former Premier Dame Jennifer Smith recalled meeting the “Iron Lady” when she came to Bermuda in 2001, saying they “shared the practice of canvassing in heels and a love of champagne.” Baroness Thatcher died at the age of 87 following... Read more of this article

Ironshore Subsidiary Gets Japanese Approval

Ironshore International, a subsidiary of Bermuda’s Ironshore Inc., announced today [Apr. 8] that its Lloyd’s Pembroke Syndicate has been authorised by the Japanese Financial Services Authority to offer Representations & Warranties coverage through Lloyd’s Japan. Ironshore said its “Mergers & Acquisitions [M&A] unit provides insurance... Read more of this article

Photos: Olde Towne Market Gets Underway

The first Olde Towne Market of the season was held on Sunday [Apr 7] on Water Street in St. George’s, with 24 vendors having signed up for the season thus far. The market is a joint venture born from the activism of those who are interested in seeing the revitalization of St George’s, and will run on Sundays between 2pm – 6pm on Water Street in... Read more of this article

Faulkenberry Interviewed By Royal Conservatoire

Bermuda’s friendly neighbourhood Broadway star Rebecca Faulkenberry was recently interviewed by her alma mater — Scotland’s Royal Conservatoire — about her time studying there and the learning experience which equipped her with the skills to develop her successful career, starring in “Rock of Ages” and “Spiderman:... Read more of this article

38-Year-Old Man Faces Sexual Assault Charges

A 38-year-old man appeared in Magistrates Court today [Apr 7] facing sexual assault charges. The charges alleged sexual assault and interfering with a young girl whose date of birth was listed in 1999. The three charges alleged that there had been unlawful activity involving his inappropriate touching of the girl between January 2010 and December 2012.... Read more of this article

Quatarlyst Re/insurance Exchange Sold To Ebix

The Qatar Financial Centre Authority today [Apr. 8] announced that it has reached an agreement to sell Qatarlyst — an electronic trading exchange for the global insurance and reinsurance industry used by many Bermuda firms — to Ebix Singapore Pte Limited, a subsidiary of Ebix, Inc., a leading international supplier of On-Demand software... Read more of this article

Weekend Arrests: 20 People For Warrants & DUI

Over this past weekend, police officers arrested eight people on suspicion of impaired driving as the Selective Traffic Enforcement Programme [STEP] continues. Police officers also arrested twelve people for outstanding warrants and conducted liquor license checks at various liquor licensed premises throughout the island. A police spokesperson said,... Read more of this article

Island’s Bluebirds “Shouldn’t Be Major Priorities”

A new genetic study in the scientific journal “Molecular Ecology” suggests Bermuda’s critically endangered bluebird is not unique to the island as has long been thought but was introduced shortly after the arrival of the first permanent settlers in 1612. To measure how closely related the Bermuda birds are to their mainland counterparts,... Read more of this article

Regiment Trains For Dealing With Civil Disorder

Bermuda Regiment soldiers put their training in dealing with civil disorder to the test in a realistic training exercise at the weekend. Soldiers ‘defended’ key points in the Dockyard area in an exercise designed to teach them to cope with a variety of potential flashpoints in support of the island’s police service. Captain Andy Jobst,... Read more of this article

BIFF’s Hamilton Box Office Opens Today

The physical Bermuda International Film Festival [BIFF] box office opens today [Apr. 8] in the main lobby at Freisenbruch Meyer at 75 Front Street, Hamilton. Opening hours are 11 a.m. until 2 p.m. weekdays. The online BIFF Box Office remains open on a 24-hour-a-day basis at www.ptix.bm and a fully interactive online guide featuring the entire 2013 line-up... Read more of this article

Teekay Tankers Orders Four LR2 Tankers

Bermuda-based Teekay Tankers Ltd. announced today [Apr.8] that it has entered into an agreement with STX Offshore & Shipbuilding Co., Ltd., of South Korea for the construction of four, fuel-efficient 113,000 dead-weight tonne [dwt] Long Range 2 [LR2] product tanker newbuildings for a fully built-up cost of approximately $47 million each. The agreement... Read more of this article

Global Pension Funds Bullish On Cat Bonds

Global pension funds are increasingly turning to specialist catastrophe bonds — a field where Bermuda currently has an edge — that bet on the likelihood of a natural disaster in a search for yield and returns that are not correlated to the rest of the market, the Reuter news service reports today [Apr. 8]. What was once considered an exotic... Read more of this article