Author Archive: Bernews1
Exhibit’s Focus On Bermuda Beach Pollution
New York artist Bonnie Holden Monteleone collects digital images of plastic artifacts retrieved from some of the most remote aquatic regions on the planet but the impact of this pollution on Bermuda’s beaches is the centrepiece of her upcoming exhibit. When these visions of flotsam and jetsam are combined with her own open ocean photography... Read more of this article
When Bermuda Was “Thurber Country”
Bermuda was humourist James Thurber’s world — and for almost three decades he welcomed readers of “The New Yorker” to it in a series of witty dispatches from the island. Best known for such stories as “The Secret Life Of Walter Mitty”, his much lauded series of fables featuring anthropomorphic animals and fairy tales... Read more of this article
Cayman Islands Discusses Immigration Reform
Immigration reform is one of the key issues in the upcoming election in the Cayman Islands, and some of their political figures have suggested they follow Bermuda’s lead in eliminating term limits. CompassCayman.com reports that former Cayman Premier McKeeva Bush believes Cayman should follow Bermuda’s example and abandon the term limits policy... Read more of this article
Teekay: Senior Management Departure
Teekay Corporation has announced that Geir Sekkesaeter, Senior Vice President, Conventional Fleet Operations, and Head, Technical, Safety and Quality, left the Bermuda-based international tanker firm for personal reasons, effective on March 31, 2013. Peter Evensen, Teekay’s President and Chief Executive Officer said, “Geir Sekkesaeter has... Read more of this article
Stratus Bermuda: Series B Shares Issuance
Stratus Technologies Bermuda Holdings Ltd., a global provider of uptime assurance, today [Apr. 4] announced that, pursuant to the Subscription and Shareholders Agreement [the "Shareholders Agreement"] dated as of April 8, 2010, among the Company, Technology Holdings Ltd., the Note Purchaser Shareholders and the Second Lien Shareholders, the Company... Read more of this article
Aspen Announces Adjusted Conversion Rate
Bermuda’s Aspen Insurance Holdings Limited announced today [Apr. 4] an adjustment to the conversion rate on its 5.625 percent Perpetual Preferred Income Equity Replacement Securities [Perpetual PIERS] in connection with its previously announced dividends payable on May 25, 2012, August 28, 2012, November 26, 2012 and March 7, 2013. As a result... Read more of this article
BIFF To Showcase Bermuda Filmmakers
The Bermuda International Film Festival [BIFF] today [Apr.4] announced that it will be hosting a festival-within-a-festival during this year’s annual event to highlight the work of local filmmakers. The special “Bermovies” event will take place on Saturday, April 13, and comprises eight film with a Bermuda connection as part of the BIFF 2013... Read more of this article
Russell Could Make Ilkeston Debut Tonight
Bermuda international Antwan Russell could make his debut for England team Ilkeston tonight [Apr.4] after the Evo-Stik League Premier Division club received international clearance for the striker. The “Derby Telegraph” reports that the 26-year-old is expected to go straight into manager Kevin Wilson’s squad for the an encounter against... Read more of this article
Shetland Bringing 40 Athletes For Island Games
The Shetland Islands will be bringing 40 athletes for the 2013 Island Games in July, with their team chairman saying that Bermuda has travelled to the games held in Europe for the last 10 years and “it is only right that we cross the Atlantic as their guests this year.” The Shetland Times reports that Shetland will be represented by a squad... Read more of this article
Photos: Aquatics Centre Pool Filled With Water
As Bermuda prepares to host an international field at the 2013 Island Games in July, the pool at the new Aquatics Centre in Devonshire looks to be about completed, and was recently filled with water, a task which took six and a half days. Staff will be trained to manage the pool during the month of April, and the pool is scheduled to be opened in May.... Read more of this article
Artemis Report On New Bermuda Cat Bond
The Artemis business news website reports today [Apr. 4] the latest catastrophe bond to come to market is a parametric transaction called Bosphorus 1 Re Ltd. — established in Bermuda in January — which is being marketed on behalf of the Turkish Catastrophe Insurance Pool. Artemis says the Bosphorus Re cat bond brings investors an opportunity... Read more of this article
Nordic American Tankers Major Public Offering
Bermuda-incorporated Nordic American Tankers [NAT] announced plans to pursue a public offering in which it intends to offload roughly $87m worth of shares. “The net proceeds of the offering are expected to be used to pay for acquisitions under our expansion programme, including the Nordic Future, and for general corporate purposes,” said the shipping... Read more of this article
