2014-09-09 06.02.39

BDA: Bermuda’s international reputation

2014-09-09 06.02.39ORIGINAL PUBLICATION HERE 

The European Union and the BMA have signed a Cooperation Agreement regarding the Alternative Investment Fund Managers Directive (AIFMD). Co-operation agreements like these are a key element in effective supervision of non-EU AIFMs and are a pre-condition in allowing non-EU AIFMs access to EU markets or to perform fund management activities on behalf of EU managers. As part of its AIFMD compliance initiatives, the BMA will develop an opt-in regime to enable Bermuda-based AIFMs to maintain seamless operations across the European market.

The BMA is a full member of The International Organization of Securities Commissions (IOSCO), and a founding member of the International Association of Insurance Supervisors (IAIS).

Bermuda was the first offshore jurisdiction elevated to The Organisation for Economic Co-operation and Development’s (OECD) “White List” category.

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Capital Management in Insurance Summit – January 2015

fcbusLINK TO THE EVENT

The Art Of Capital Management Within Your Organisation To Boost Profitability, Minimise Risk Related Loss And Strategically Deploy Capital

Business as we know it is rapidly changing. With new regulatory regimes, a softening insurance pricing, the cyclically low interest rate environment, changing accounting standards and increasing pressure from shareholders, the insurance industry has entered an increasingly complex landscape.

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Visit of HE Bruce Bucknell, British Ambassador to Belarus

BrucePhoenix CRetro would like to thank HE Bruce Bucknell, British Ambassador to Belarus for visiting our London offices for a meeting with the Board at which several points of UK services promotion in Eastern Europe were discussed. We really hope that support of such high profile diplomat would encourage our potential partners from the region to enter the world of ILS and CAT reinsurance with Lloyd’s of London

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Proud sponsor of the regular Belarus networking event in the City of London by BBCC

OWN INFORMATION

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Phoenix CRetro is proud to become a title sponsor of regular monthly Belarus networking event organised by the British-Belarus Chamber of Commerce.

Event will be held every last Monday of each month from 4 pm in a landmark Baltic Exchange location (Balls Brothers) and bring together Chamber members, mutually interested businesses and open for everyone having current or potential involvement with Eastern Europe.

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R&Q Syndicate 1991 capacity doubles with Q-Re support

RQlogoLondon-listed Randall & Quilter (R&Q) said its nascent Syndicate 1991 will double its underwriting capacity next year to £150mn following approval from Lloyd’s and with the new financial support from expansive Qatari reinsurer Q-Re.”We are delighted to have had the syndicate’s substantial growth plans for 2014 approved by Lloyd’s and to have had excellent support from the existing capital providers,” R&Q chairman and chief executive Ken Randall said today (6 December).

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R&Q named ‘Preferred Provider’ of Credit Control Services by the Lloyd’s Market Association

ORIGINAL PRESS RELEASE HERE

RQlogoRandall & Quilter (‘R&Q’) is pleased to announce that it has been selected as the preferred provider of credit control services by the Lloyd’s Market Association (‘LMA’) Working Group, following a competitive bidding process.

R&Q, through its wholly owned subsidiary, JMD Specialist Insurance Services Limited (‘JMD’), currently provides credit control to more than 40% of the Lloyd’s market and manages 2,500 binding authorities.