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Bermuda’s Insurance Linked Securities (ILS) marketplace has proven to be resilient over the years. The Bermuda Stock Exchange (BSX) has significantly outpaced other global markets and now lists more than 300 insurance linked securities, collectively representing USD30.92 billion, with international debt listings climbing 20 per cent in 2018 to 201 vehicles.
As the BSX Chief Compliance Officer, James McKirdy, stated: “In 2018, the BSX saw positive listing activity across most sectors. Listing activity was strong in international debt and insurance linked securities (ILS) with both again reaching record levels.”
Sarah Demerling (pictured) is a Partner in the Corporate, Finance &
Bermuda is embracing the blockchain revolution, and creating a robust and fit-for-purpose legal and regulatory framework governing initial coin and token offerings (ICOs) and digital asset businesses.
Fintech businesses could, according to Scott Watson-Brown (pictured), PwC Bermuda’s Asset Management leader, become the next pillar in Bermuda’s economy, “and we are invested in supporting its growth.”
“Fintech by definition is broad, but at PwC we are of the view that it could provide a gateway for innovators and entrepreneurs to forge opportunity and drive positive change.”
Indeed, the same features that have made Bermuda a successful centre for insurance, asset management
Wilshire Phoenix has appointed former Ramius Managing Director Mason Stark as a Partner and Head of the firm’s newly-formed Alternative Investments Division, Wilshire Phoenix Asset Management.
“Bringing Mason on to steward Wilshire Phoenix’s Alternative Investments Division was an easy decision. He sees the markets in a way that few others are able and has a rare mix of technical expertise and a client first mindset. Mason joins Wilshire Phoenix Asset Management with decades of experience as an equity analyst, trader and portfolio manager where he astutely managed hedged-equity and long/short portfolios with over a billion in gross assets, successfully navigating
The primary mission for the Bermuda Business Development Agency (BDA) for 2019 is clear: to welcome more international business to the island, following the implementation of new economic substance rules that will see a bolstered physical presence by companies across industry sectors.
“We want to move the needle and encourage more firms to set up operations here, with boots on the ground,” explains a BDA spokesperson.
“That has always been the main objective of the BDA, but it has taken on greater significance since the directive from the EU that Bermuda-registered companies engaged in specified income-generating activities (including asset management)
Bermuda is the latest jurisdiction to update its regulation in response to the rising prominence of blockchain technology innovation and Initial Coin Offerings.
The Companies and Limited Liability Company (Initial Coin Offering) Amendment Act, 2018 (the “ICO Act”), came into force on 9th July last year, providing a framework for the regulation of ICOs in Bermuda. The ICO Act regulates offerings of ‘digital assets’, a term that applies to all categories of digital coins and tokens (whether they be utility, securitised, equity or otherwise) being issued as ICOs and via token sales.
Other jurisdictions, including the Cayman Islands, have taken steps to
Brooks Macdonald Group has appointed Andrew Shepherd, Group Deputy Chief Executive and Managing Director, UK Distribution, as CEO of the company’s international business based in the Channel Islands, with effect from 1 April 2019.
Shepherd is one of the Group’s most experienced leaders with 17 years’ service at Brooks Macdonald. He will chair the Boards of the two legal entities within International.
Given these commitments, Shepherd is stepping down as a member of the Group Board with effect from 1 April 2019 to focus on realising the potential of the International business. He will remain Group Deputy Chief Executive and will
Curtis Arledge has joined Mariner Investment Group, LLC, a global alternative investment manager and subsidiary of ORIX Corporation USA (ORIX USA), as Chairman and Chief Executive Officer.
In addition to his role at Mariner, Arledge will serve as head of ORIX USA asset management, responsible for driving the company’s overall strategy in the space, including facilitating opportunities for growth across ORIX USA’s enterprise. A founding member of Mariner, Arledge has returned to the firm, and will be responsible for overseeing all aspects of the business and developing new business lines. Mariner founder Bill Michaelcheck will continue in his role as
Cryptocurrency exchange BEQUANT has appointed Daniel Clayden as its new Head of Product Development.
With 25 years’ experience in Capital Markets and Financial Services Technology, Clayden’s appointment will strengthen the company’s growing roster of products in the cryptocurrency market.
Clayden has previously held roles at a number of Tier 1 Investment Banks, including JP Morgan and Credit Suisse. Before joining BEQUANT, he was Managing Director at IT Consultancy Levvel.io, and an Executive Director at Morgan Stanley. Whilst at Morgan Stanley, Daniel was responsible for Non- Equity Front Office Risk within the Front Office Derivatives Technology Group.
Clayden’s diverse
Linedata (Euronext Paris: LIN), a provider of credit and asset management technology, data and services, is partnering with ICE Data Services to provide a broad set of high-quality data and analytics to Linedata’s clients.
Linedata’s strategy of combining technology, services, and data takes a significant step forward with this addition of comprehensive data and analytics from ICE Data Services.
Global asset managers use data as a strategic asset to facilitate critical investment decisions, improve operational effectiveness, and mitigate risk. With this agreement, Linedata expands its data business offering to provide ICE Data Services’ fixed income evaluations, reference data, OTC derivatives
Chicago-based independent futures brokerage and clearing firm RJ O’Brien & Associates’ (RJO) private client division, RJO Futures, is offering Orion Trading Systems’ flagship platform, Orion Multi-Trader powered by dxFeed’s data.
“We are continually striving to offer innovative tools for active futures traders and are excited to offer the combination of dxFeed’s consolidated market data feed and Orion Multi-Trader as part of the RJO Futures suite of third-party platforms,” says Donna Heidkamp (pictured), Executive Director of RJO Futures.
Paresh Malde, CEO of SU2 Systems, says: “Orion Multi-Trader offers RJO Futures clients comprehensive features including charting, depth of market, option analytics
