Managers of Wealth Offshore

BVI announces new work permit exemptions

Any BVI business wishing to utilise one of these exemptions for a service provider or staff-member must notify the Chief Immigration Officer 48 hours in advance

Privacy Rights Extend Outside Bermuda

There are many ways in which personal information is collected for use from individuals who are outside of Bermuda.

Private Funds and the Cayman Islands Fund Annual Return Deadline

Our experienced team has a deep understanding of the FAR requirements

Parental Bereavement Leave: Jersey to Implement Further Family Leave Rights

The leave will be a “day one” employment right and may be taken without notice

HSBC issues scam warning after spike across Channel Islands and Isle of Man

HSBC’s advice to people is to ‘Take Five’ and to stop and think

BMA registers seven insurers

The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.

James River Group’s ratings are unchanged, AM Best says

“This legal action, as stated in JRG Holdings’ lawsuit, is ‘a result of the refusal of Fleming to complete the fully negotiated transaction as executed in November’.

MFSA issues warning about four unlicensed investment entities

One entity has been running sponsored ads on Facebook

Jersey Finance Launch Work Experience Scheme for 2024

The scheme brings together local finance firms and Year 12 or college students in an environment where they can explore the various career and firm options available on the Island.

Lloyd’s and Bermuda reveal partnership to boost innovation and education

This partnership presents a truly exciting opportunity to bind together the two markets to deliver the best possible solutions for our customers and make meaningful, innovative progress together.

Actuaries alarmed at lack of climate policy action

This could trigger multiple tipping points, such as the collapse of the Greenland ice sheets, with potentially irreversible effects.

MFSA issues Guidance for Money Laundering Reporting Officers

Observations gathered from a series of interviews and inspections

Cayman hospitality protests minimum wage change

Even the Cayman Islands Tourism Association, which played an active role in the committee, responded with concern.

BVI Cabinet approves new Belonger Status and Permanent Residence Policy

Residents may need to renew their Residence Status certificates every five years to maintain residency

GFSC say regulatory barriers aren’t the cause of banking pains

The risk level of money laundering through pooled client accounts has now been reduced for certain sectors.

Blue carbon credits monetization by the end of 2025

The value of the country’s blue carbon credits is estimated to be in the billions.

Privacy rights extend outside Bermuda

There are many ways in which personal information is collected for use from individuals who are outside of Bermuda.

AG: Bahamas prepared to argue its case at International Court of Justice against green house gas emitters

Pinder suggested that a favorable outcome would give countries like The Bahamas leverage to hold major polluters accountable.

BDA gears up for regulatory welcome at the Bermuda Risk Summit

We are extremely grateful for the level of support we have received from our industry partners

Decoded: Adhering to the Insurance Code of Conduct in 2024

Francesca Thomas, VP, Client Risk Management Consulting at Artex in Bermuda, answered some of the biggest questions.

Regulation, Risk & Compliance