Why was Bermuda once called the Somers Isles?

Bermuda was named the Somers Isles in honor of Sir George Somers, the leader of a group of English travelers who were shipwrecked on the islands in 1609 while en route to the Jamestown colony in Virginia.1

The shipwreck occurred when their ship, the Sea Venture, was blown off course by a hurricane. Following this event, the islands were administered by the Virginia Company and subsequently by the Company of the Plantation of the Somers Islands until 1684, when the colony came under the administration of the British crown.1