Offshore finance

Best’s Market Segment Report: U.S. Captive Insurers’ Flexibility, Control Enable Them to Outperform Commercial Peers

Retrieved on: 
Wednesday, August 4, 2021
Other Professional Services, Professional Services, Insurance, Types of insurance, Insurance, Captive insurance, Offshore finance, Alternative risk transfer, Captive

The new Bests Market Segment Report, Captives Flexibility and Control Enable Them to Outperform Commercial Peers, states that captives inherent flexibility and control in managing risk drives profitability and retained earnings, while creating value for their policyholders and stakeholders, regardless of market conditions.

Key Points: 
  • The new Bests Market Segment Report, Captives Flexibility and Control Enable Them to Outperform Commercial Peers, states that captives inherent flexibility and control in managing risk drives profitability and retained earnings, while creating value for their policyholders and stakeholders, regardless of market conditions.
  • Year over year, the AM Best-rated U.S. captives recorded a 4.1-percentage point improvement on their combined ratio to 97.9 in 2020.
  • Overall, captive insurers remain nimble and stable despite persistently low interest rates and the recent turbulence in equities.
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .

Consolidated Water Sets Second Quarter 2021 Earnings Conference Call for Tuesday, August 17, 2021 at 11:00 a.m. ET

Retrieved on: 
Tuesday, August 3, 2021
Tax, Chemistry, Cayman Islands, Corporate tax avoidance, Offshore finance, Tax investigation, Water

Consolidated Water management will host the call, followed by a question and answer period.

Key Points: 
  • Consolidated Water management will host the call, followed by a question and answer period.
  • Please call the conference telephone number five minutes prior to the start time.
  • Consolidated Water Co. Ltd. develops and operates advanced water supply and treatment plants and water distribution systems.
  • The company operates water production facilities in the Cayman Islands, The Bahamas and the British Virgin Islands and operates water treatment facilities in the United States.

Assure Leads Industry-Wide Surge in SPV Deals, Closing more than 1,000 SPV Deals in First Half of 2021

Retrieved on: 
Wednesday, July 28, 2021
Other Professional Services, Legal, Insurance, Finance, Banking, Small business, Accounting, Professional services, Corporate finance, SPV, Corporate tax avoidance, Economy of the Republic of Ireland, Tax avoidance, Special-purpose entity, Offshore finance, Taxation in the Republic of Ireland, Economy, Articles

Assure announced today that in June 2021, the company surpassed 1,000 SPV (special purpose vehicle) deals closed for 2021.

Key Points: 
  • Assure announced today that in June 2021, the company surpassed 1,000 SPV (special purpose vehicle) deals closed for 2021.
  • To date, Assure has helped entrepreneurial investors establish and manage more than 10 times as many SPVs as its nearest rival.
  • Assure closed a daily average of 1.9 SPV deals in the first six months of 2020, and 2.7 per day for all of 2020.
  • For the first six months of 2021, Assures daily average of SPV deals closed has jumped to 5.7.

AM Best to Host Briefing on How Market Forces Are Driving Interest in Captive Insurance

Retrieved on: 
Tuesday, July 27, 2021
Insurance, Professional services, Finance, Money, Economy, Types of insurance, Captive insurance, Offshore finance, Insurance, Alternative risk transfer, AM Best, Analytics, Credit rating agency

A panel of AM Best analysts and industry leaders will discuss the state of the captive insurance market and the regulatory and risk issues affecting the captive sector at AM Bests Captive Market Briefing, which will take place on Aug. 4 at 2:00 p.m. (EDT).

Key Points: 
  • A panel of AM Best analysts and industry leaders will discuss the state of the captive insurance market and the regulatory and risk issues affecting the captive sector at AM Bests Captive Market Briefing, which will take place on Aug. 4 at 2:00 p.m. (EDT).
  • They also will discuss market trends affecting the sector, including the impacts from COVID-19 and hard market conditions in the commercial lines insurance sector on uses and formations, as well as opportunities to grow into new lines of business.
  • For current Bests Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit www.ambest.com/captive .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Vistra to Report Second Quarter 2021 Results on August 5, 2021

Retrieved on: 
Thursday, July 15, 2021
Oil, Offshore finance

Vistra (NYSE: VST) is a leading, Fortune 275 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities.

Key Points: 
  • Vistra (NYSE: VST) is a leading, Fortune 275 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities.
  • Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation.
  • The company is currently constructing a 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, the largest of its kind in the world.
  • Learn more about our environmental, social, and governance efforts and read the company's sustainability report at https://www.vistracorp.com/sustainability/ .

Butterfield to Announce Second Quarter 2021 Financial Results on July 26, 2021 and Host Earnings Conference Call on July 27, 2021

Retrieved on: 
Monday, July 12, 2021
Banking, Professional services, Finance, Finance, Money, Economy, New York Stock Exchange, Bermuda Stock Exchange, Offshore finance, Stock exchange, Butterfield, Investor, Butterfield Bank

Butterfield & Son Limited (Butterfield) (NYSE: NTB | BSX: NTB.BH) will release second quarter 2021 financial results following the close of the New York Stock Exchange on Monday, July 26, 2021.

Key Points: 
  • Butterfield & Son Limited (Butterfield) (NYSE: NTB | BSX: NTB.BH) will release second quarter 2021 financial results following the close of the New York Stock Exchange on Monday, July 26, 2021.
  • Replay: An audio replay of the call will be available at https://www.butterfieldgroup.com/investor-relations/events-presentations for 12 months beginning July 27, 2021.
  • Wealth management services are composed of trust, private banking, asset management and custody.
  • Butterfield is publicly traded on the New York Stock Exchange (symbol: NTB) and the Bermuda Stock Exchange (symbol: NTB.BH).

Tricor Group Signs a Sale and Purchase Agreement to Acquire NZGT Holding Company Limited Expanding Corporate Trust Business and Broadening APAC Footprint Covering New Zealand

Retrieved on: 
Monday, July 12, 2021
Chemistry, Offshore finance, Trust company, Organic compounds, Corporate trust, Fenofibrate, Chemical compounds

HONG KONG, July 12, 2021 /PRNewswire/ -- Tricor Group (Tricor), Asia's leading business expansion specialist, has signed a sale and purchase agreement to acquire NZGT Holding Company Limited (NZGT Holdings)together with its wholly owned subsidiaries The New Zealand Guardian Trust Company Limited (Guardian Trust) and Covenant Trustee Services Limited (Covenant) from Complectus Limited.

Key Points: 
  • HONG KONG, July 12, 2021 /PRNewswire/ -- Tricor Group (Tricor), Asia's leading business expansion specialist, has signed a sale and purchase agreement to acquire NZGT Holding Company Limited (NZGT Holdings)together with its wholly owned subsidiaries The New Zealand Guardian Trust Company Limited (Guardian Trust) and Covenant Trustee Services Limited (Covenant) from Complectus Limited.
  • Tricor is the largest pure-play corporate services platform in APAC, serving over 50,000 client entities across its 21-market footprint.
  • Tricor's Global Corporate Trust business will operate and serve clients across 5 global markets including Hong Kong SAR, Beijing, Singapore, UK and New Zealand.
  • The addition of Guardian Trust and Covenant to Tricor's corporate trust business practice will enable us to enhance our client proposition and offer market-leading trust solutions in New Zealand and across Australasia and Asia-Pacific."

Raiffeisen Bank International AG Comments on Legal Proceedings Against Scully Royalty Ltd and Others

Retrieved on: 
Tuesday, July 6, 2021
Banking, Professional services, Finance, Tax, Cayman Islands, Corporate tax avoidance, Offshore finance, Tax investigation, Raiffeisen

In August 2019, Raiffeisen Bank International AG (RBI) commenced legal proceedings before the Grand Court in the Cayman Islands, against Scully Royalty Ltd (Scully) and other parties, including subsidiaries in the Scully group (cause number FSD 162 of 2019 (RJP)).

Key Points: 
  • In August 2019, Raiffeisen Bank International AG (RBI) commenced legal proceedings before the Grand Court in the Cayman Islands, against Scully Royalty Ltd (Scully) and other parties, including subsidiaries in the Scully group (cause number FSD 162 of 2019 (RJP)).
  • In September 2019, RBI obtained an injunction from the Grand Court in the Cayman Islands against Scully to prevent dissipation of Scully's assets pending a trial.
  • Scully has appealed that decision, and the hearing of its appeal is expected to take place in September 2021.
  • These include the shares and assets of various subsidiary companies that make up the Scully group's Mining, Industrial and Merchant Banking segments.

'Why Cayman' four-part video series released by Dart Real Estate

Retrieved on: 
Saturday, July 3, 2021
Tax, Cayman Islands, Offshore finance, Tax avoidance, Tax investigation, Cayman

For the latest episode updates, subscribe to Dart Real Estate's YouTube channel or follow Dart Real Estate on LinkedIn and Twitter .

Key Points: 
  • For the latest episode updates, subscribe to Dart Real Estate's YouTube channel or follow Dart Real Estate on LinkedIn and Twitter .
  • Dart Real Estate is a development company based on Grand Cayman in the Cayman Islands, a British Overseas Territory.
  • Dart Real Estate also manages Regatta Office Park, Flagship Building, Island Plaza and the Cayman Islands Yacht Club.
  • Dart Real Estate strives to enhance the quality of life and to create opportunities for all in the Cayman Islands through purposeful placemaking, meaningful connections and lasting experiences that transcend bricks and mortar.

Dart Real Estate wins Gold at Citywealth's 2021 Brand Management and Reputation Awards

Retrieved on: 
Friday, July 2, 2021
Tax, Cayman Islands, Offshore finance, Tax avoidance, Tax investigation, Cayman, Outline of the Cayman Islands, Kenneth Dart

GRAND CAYMAN, Cayman Islands, July 2, 2021 /PRNewswire-PRWeb/ -- Dart Real Estate is proud to announce its team has won the Overall Marketing Campaign category at Citywealth's 2021 Brand Management and Reputation Awards held on 22 June, 2021 in Mayfair, London.

Key Points: 
  • GRAND CAYMAN, Cayman Islands, July 2, 2021 /PRNewswire-PRWeb/ -- Dart Real Estate is proud to announce its team has won the Overall Marketing Campaign category at Citywealth's 2021 Brand Management and Reputation Awards held on 22 June, 2021 in Mayfair, London.
  • Citywealth's Brand Management and Reputation Awards are now in their sixth year and highlight the best brands emerging in the international private wealth industry.
  • Dart Real Estate is a development company based on Grand Cayman in the Cayman Islands, a British Overseas Territory.
  • Dart Real Estate also manages Regatta Office Park, Flagship Building, Island Plaza and the Cayman Islands Yacht Club.