Press Releases for Caribbean

Scepter Puts Bermuda at Cross Currents of Global Sovereign Investment

Scepter Partners, a direct investment and merchant banking specialist for sovereign wealth and large cap family offices, signaled its intentions to deepen its ties with Bermuda, helping to put Bermuda further on the map of sovereign investment capital flows. Scepter has committed to run its global management business from Bermuda where key staff members are now working as directors. Group Executive Chairman and CEO Rayo Withanage commented, “As Bermuda continues to develop its activities and effectively compete with other offshore financial centers, we hope that the presence of our activities can substantially enhance Bermuda’s role in the deployment of capital by significant sovereign investors and family offices.”

Mat Bermuda, Canada, Caribbean, North America

Moodys Analytics Releases New Version of RiskOrigins Credit Risk Lifecycle Solution for Commercial Lenders

Moodys Analytics, a leader in credit risk management, today announced that it has enhanced its RiskOrigins solution, which provides credit decisioning and monitoring for commercial lenders. Among the enhancements are a new collaborative workflow model and deal structuring functionality, which help lenders make smarter credit decisions, streamline the complex process of assessing credit risk, improve efficiency and comply with regulations.

Mat Canada, Caribbean, Cayman Islands, North America, Puerto Rico, United States

Arch Reinsurance Ltd. Announces Completion of Restructuring of Gulf Reinsurance Ltd.

Arch Reinsurance Ltd. (Arch) announced today that its acquisition of Gulf Reinsurance Ltd. (Gulf Re), a specialty reinsurer based in the Dubai International Financial Centre, has been completed. Gulf Re was founded jointly by Arch and the Gulf Investment Corporation (GIC) in 2008. In 2014, Arch and the GIC signed an agreement whereby Arch would acquire 100% ownership of Gulf Re. The agreement provides that, among other things, Arch will acquire all of Gulf Re Holdings Limited (Gulf Holdings), which is the parent of Gulf Re, through a reduction in the share capital of Gulf Holdings and Archs purchase of 50% of Gulf Holdings from the GIC.

Mat Bermuda, Caribbean, Middle East, United Arab Emirates