02/21/2023
Enstar completes $1.9bn LPT deal with QBE
This transaction, our second significant collaboration with leading insurance group, QBE, represents a unique and emerging business opportunity for Enstar.
Regulation, Risk & Compliance
02/21/2023
RA says it does not regulate environmental emissions
The RA’s primary mandate is to provide an effective regulatory framework that serves all utility related stakeholders
02/21/2023
BIA: Health insurers did not violate VAT law
“The BIA rejects the assertion that health insurers were operating in contravention of the law,” the BIA said.
02/21/2023
BOJ leaves interest rate unchanged at 7.0%
But banks to hold more cash in reserve
02/21/2023
British Virgin Islands added to EU blacklist
The British Virgin Islands (BVI) is committed to complying with evolving international standards on transparency and the fight against financial crime.
02/21/2023
Jersey telecoms regulator launches consultation on spectrum allocation
Radio spectrum is the invisible but essential resource needed to wirelessly connect the devices of users to the networks of telecoms operators.
02/21/2023
Budget outlines plans to get tough on tax dodgers
These restrictions can include denial of contracts, grants, permits, licences, passports or other government authorisations.
02/21/2023
International business issues warning over budget
Some of those changes can drive decisions and we wanted to make sure that was clear.
02/20/2023
Saint Kitts and Nevis First CARICOM Nation to Sign Agreement with AFreximbank
The Caribbean Community (CARICOM) represents one of the largest African Diaspora regions.
02/20/2023
Governance reformer calls on gov’t to protect National Insurance fund
Edwards noted that in assessing and analyzing the solutions to the matter one should not dismiss the reluctance of Prime Minister Philip Davis in making what appears to be a straightforward and simple decision.
02/20/2023
FATF to decide whether to remove Cayman from grey list this week
Cayman stakeholders are hopeful that one of these decisions will be the removal of the Cayman Islands from the FATF greylist
02/17/2023
Clarien Bank follows Fed hike, raises lending rates
Bermuda dollar personal loans and mortgages, and overdrafts, will increase from 5.5 per cent to 6 per cent, while Bermuda dollar commercial loans and mortgages, and overdrafts, will increase from 5.75 per cent to 6.25 per cent.
02/17/2023
Barbados removed from European Union list of non-cooperative jurisdictions
The minister explained that officials in the International Business Unit, the Barbados Revenue Authority, the Barbados International Business Association, and all of the service providers, including members of the Barbados Bar Association, worked earnestl
02/17/2023
Four new insurers registered in January
Four insurance applications were reviewed in January by the Insurance Assessment and Licensing Committee.
02/17/2023
Government of St Kitts and Nevis have their evolutionary CBI Programme reaffirmed by the 2023 IMF Report
St Kitts and Nevis has been a pioneer of the global investment immigration industry for over 30 years
02/16/2023
Axis Capital to slash greenhouse gas emissions
The action is the company’s latest step in its ambition to transition to a low-carbon economy.
02/16/2023
Holness leaves Jamaica for CARICOM heads meeting in Bahamas
In his absence, Deputy Prime Minister, Dr Horace Chang, will oversee the Government.
02/15/2023
Offshore Trusts-Limits of the Revenue Rule in Jersey (Re Mattas)
As a preliminary issue, the court determined that formal service through the Foreign, Commonwealth and Development Office pursuant to the State Immunity Act 1978 (as applied to Jersey) was not required
02/15/2023
Navigating fund re-domiciliation complexities: How to adapt to changing regulation
These two methods of re-domiciliation allow fund managers to be flexible and adaptable in their choice of domicile, allowing them to change the legal jurisdiction of incorporation without dissolving the fund or liquidating its assets.
02/14/2023
Rules on declarations and questions could be changed
Additionally, SACC says a small majority of deputies favoured extending the maximum amount of time for a committee general update statement from 10 minutes to 15 minutes, and that preference has been formally proposed.