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Financial and business service

International Business

"ISIS gets Cayman licence"

Bermuda fund administrator ISIS Fund Services Ltd (ISIS) has been granted a Corporate Services Licence by the Cayman Islands Monetary Authority. ISIS will now be able to provide Cayman domiciled funds with registered office services through ISIS Fund...
Apr 25, 2012
Reinsurance

"Juniperus teams up with MMC"

Global insurance broker Marsh & McLennan Companies (MMC) has become a minority partner in Bermuda-based insurance asset manager Juniperus Capital Holdings Ltd. Juniperus also announced plans to rebrand itself and expand its current management team. ...
Apr 25, 2012
Reinsurance

"Captive industry steps up efforts to attract Canadian companies"

The Bermuda captive insurance industry is already starting to see the benefits of its marketing push into Canada. Some captives owned by Canadian corporations have already redomiciled to Bermuda from elsewhere and there has been a significant increas...
Apr 25, 2012
Reinsurance

"Captive owners' group seeks new members"

The Bermuda Captive Owners Association is resurrecting itself and is actively trying to recruit new members. The once-dormant group is starting a new marketing and rebranding campaign under the direction of William Montanez, chairman of BCOA. Mr Mont...
Apr 24, 2012
Other

"Joint Age concern/MJM annual legal clinic will be held tomorrow"

Seniors can take advantage of free 20-minute consultations with lawyers at an Age Concern event tomorrow. The charity will once again link up with law firm MJM for its annual legal clinic, at its Point Finger base. Consultations with lawyers on a ran...
Apr 24, 2012
Other

"The estate consequences of same-sex relationships"

Bermudians who have entered into same-sex marriages, or civil unions/partnerships, in jurisdictions where those legal arrangements are permitted should be aware that such arrangements will likely not be recognised in Bermuda — and that will have an i...
Apr 23, 2012
Reinsurance

"Property and casualty rates going up"

Two reports released in as many weeks confirm what brokers and underwriters on the Island have sensed for a few months now: the property and casualty (P&C) insurance market is showing signs it’s beginning to harden. Historically, the P&C insurance i...
Apr 20, 2012
Reinsurance

"Platinum swings to $53m profit"

Bermuda reinsurer Platinum Underwriters Holdings Ltd last night reported net income of $53.3 million for the first quarter despite being hit by almost $25 million in catastrophe losses. It was a huge swing in the right direction for Platinum from a ...
Apr 19, 2012
Reinsurance

"Perception drives more captives to form onshore"

More captives are forming ‘onshore’ in the US than in offshore locations like Bermuda and Cayman. This is one of the findings coming out of Marsh’s 2012 Captive Benchmarking Report, which found that from 1991 to 2000, 65 percent of the captives forme...
Apr 18, 2012
Arts & Entertainment

"New book examines Island’s postal history"

A new book celebrating the Bermuda Post Office’s Bicentennial makes the Island one of the few countries in the world to officially record its postal history. Liz Jones’ ‘The Bermuda Post Office Bicentennial — 1812 to 2012’ will be in stores next week...
Apr 18, 2012
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