February 28, 2021

Proven Investments acquires Cayman Islands securities firm IFP

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By Pedro Goncalves From International Investment Proven Investments Limited has bought IFP Group in a $14.2m deal. IFP was founded in Bermuda in 2000 and provides independent financial and investment advice to residents in Bermuda, the Cayman Islands and the British Virgin Islands, where the company also maintains offices. Proven Investments, incorporated in St. Lucia, […]

LATIN AMERICA & THE CARIBBEAN: A Legal Guide for Business Investment and Expansion – Bermuda

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by MERITAS – Law Firms Worldwide From JD SUPRA 1. What role does the government of Bermuda play in approving and regulating foreign direct investment? The government of Bermuda welcomes foreign investment in Bermuda and is committed to working with industries and investors in Bermuda to ensure that initiatives are introduced to ensure the success […]

Bermuda remains ILS world leader

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By Jonathan Kent, Business Editor from Royal Gazette Bermuda continues to be the world leader in the insurance-linked securities market — but new issuance of ILS fell for a second successive year in 2016. The Bermuda ILS Market Report, published quarterly by the Bermuda Monetary Authority, showed that the total outstanding global ILS at the […]

Bermuda funds on fast track as cost creep clouds Cayman

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From IFC Review Bermuda’s new low-cost, fast track regime for hedge funds is gaining traction, while frustration builds over the growing cost and regulation associated with a Cayman launch, reports Cayman News Service. Although the numbers involved are quite modest, industry insiders remain concerned that cost and regulatory creep in Cayman could lead to a […]