02/24/2021
TEAM PLC, through the London Stock Exchange (LSE), has announced its intention to proceed with an Initial Public Offering (IPO) and to seek admission of its shares to trading on the UK’s Alternative Investment Market (AIM).
02/24/2021
Cayman finished the year with a total of 630 B licenses, 23 C license and 5 D licenses as well as 36 portfolio insurance company licenses.
02/23/2021
Financial markets turn to optimism as economies are poised to recover
As global trade collapsed and domestic economies ground to a halt, corporations used cheap debt to support their operations.
02/23/2021
Due to COVID-19 precautions, many employers continue to limit or prohibit in-person workplace interactions among non-essential workers.
02/23/2021
A well-run captive can be an effective risk management tool, reducing group insurance costs for the captive owner.
02/22/2021
Many firm’s origins were as carve-outs from private banks, law firms or accountants to become standalone businesses.
02/22/2021
RBS International CEO Andrew McLaughlin (pictured) commented: “Colleagues across our six jurisdictions pulled out all the stops to support customers, each other and the community in an exceptional year.
02/22/2021
Essent Group, the Bermuda-based holding company that owns Essent Guaranty, which offers private mortgage insurance in the US, saw a dip in profit in 2020, but insisted the outlook for housing looks bright in 2021.
02/22/2021
Compre, the international specialist legacy group with operations in Bermuda, has completed its second Lloyd’s transaction, the reinsurance to close of Syndicate 3330’s 2018 year of account into its recently established Lloyd’s Syndicate
02/21/2021
The fund will focus on opportunities in the utilities, power, transport, and digital communications sectors across North America and Europe.
02/19/2021
LOW RISK businesses which are not public-facing can return to work at the start of next week – within limits.
02/19/2021
In addition, the Board declared a dividend of $34.375 per Series E 5.50% Preferred Share (equivalent to $0.34375 per depositary share) payable on April 15, 2021, to shareholders of record at the close of business on March 31, 2021.
02/18/2021
The programme is unique as it addresses the distinct challenges of investment fund governance and promotes a risk-based approach to investment fund oversight that may be implemented across jurisdictions.
02/18/2021
The core life insurance entity in the Isle of Man, LCL International Life Assurance Company, has since been renamed Monument International Life Assurance Company.
02/18/2021
The current market conditions and the coronavirus pandemic together highlight the need for risk financing plans to be flexible and forward looking enough for organisations to cope with unexpected shocks.
02/17/2021
Apex Group closes acquisition of Mauritius-based fund services provider GFin
Second deal completion this week sees Apex add to its fund services business in Mauritius.
02/17/2021
Hamilton: Time for aviation sector restructure
“This is a golden opportunity in the midst of all of this to restructure,” said Hamilton.
02/16/2021
Monterey unveils 2020 Jersey funds report
The number of serviced schemes increased to 1,495, up 11.9% and the total number of sub-funds recorded were also up to 1,981 – a 9.6% increase, from 1,336 and 1,807 respectively.
02/16/2021
Acquisition boosts Brooks Macdonald International's Funds Under Management
“I am proud of what our teams in Jersey and Guernsey have delivered in the past six months in what has been an exceptionally difficult environment, as we reached a record £2.6 billion in FUM and continued to strengthen our team," said CEO
02/16/2021
New findings from Monterey Insight, the independent fund research company, reveal the market shares of all service providers in Jersey’s fund industry.