In comparison in 2000-01 that figure stood at just 5,160 companies, showing the increased importance of a plan as part of a package.
The regulator’s figures show there were a total of 770 insurance licensees under CIMA supervision by the end of the first half, the majority (678) related to international insurance markets. Nine out of ten companies insured risks in North America.
For 21st-century financial services firms, one directive is clear: firms must improve the effectiveness and efficiency of their compliance programmes to out-perform the competition and succeed over the long term.
"Organisations that have struggled to source talent in the Island, despite offering more attractive packages, are now starting to look elsewhere or bring in off-Island talent to fill these roles.
The independent research lab hosted at the Paris School of Economics said based on country-by-country data reported by 36 systemic banks themselves, their presence in “tax havens” had remained stable since 2014.
Family Office Services Group Heads, Paul Hunter and Heather Tibbo, recently sat in the “Hot Seat” with PCD Club’s David Bell to discuss key trends shaping the future of the family office space.
Linklaters Luxembourg was appointed by Credit Agricole Corporate and Investment Bank, as arranger, to implement a programme of debt issuance for the EU and Euratom.