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

Arch Reinsurance Ltd. Announces Strategic Support Measures for Its Gulf Re Joint Venture

Arch Reinsurance Ltd. (Arch) announced today a number of strategic initiatives to provide additional support to Gulf Reinsurance Ltd. (Gulf Re), a specialty reinsurer based in the Dubai International Financial Centre (DIFC) founded jointly by Arch and Gulf Investment Corporation (GIC) in 2008. Arch has agreed in principle to acquire complete ownership of Gulf Re, subject to approval by the Dubai Financial Services Authority. To further support Gulf Res business in advance of the January 1 renewal season, Arch is also entering into an uncapped 90% whole account quota share retrocession arrangement of Gulf Res net liabilities and a loss portfolio transfer of all of Gulf Res existing business, effective as of October 1, 2014. With these new agreements being implemented, Arch will cancel its existing stop loss agreement with Gulf Re.

Mat Bermuda, Caribbean, Europe, Middle East

Luxoft Holding, Inc Announces Closing of Initial Public Offering and Full Exercise of Over-Allotment Option

Luxoft Holding, Inc announced today the closing of its initial public offering of 4,705,880 Class A ordinary shares at $17.00 per Class A ordinary share, which includes the exercise in full by the underwriters of their option to purchase up to 613,810 additional Class A ordinary shares. 2,046,035 of the Class A ordinary shares were offered by Luxoft, and another 2,659,845 Class A ordinary shares, which includes the over-allotment, were offered by its parent, IBS Group Holding Limited. Luxofts ordinary shares are listed on the New York Stock Exchange under the trading symbol LXFT.

Mat British Virgin Islands, Caribbean, Europe, Switzerland

Luxoft Holding, Inc Announces Launch of Initial Public Offering

Luxoft Holding, Inc announced today that it has commenced an initial public offering of 4,092,070 Class A ordinary shares pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission. Luxoft will be offering 2,046,035 Class A ordinary shares, and another 2,046,035 Class A ordinary shares will be offered by its parent, IBS Group Holding Limited. The underwriters will be granted a 30-day over-allotment option to purchase up to 306,095 additional Class A ordinary shares from Luxoft and 306,095 additional Class A ordinary shares from the selling shareholder to cover over-allotments, if any.

Mat British Virgin Islands, Caribbean

Luxoft Holding, Inc Files Registration Statement for Proposed Initial Public Offering

Luxoft Holding, Inc, a subsidiary of IBS Group Holding Limited, has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A ordinary shares. The number of shares to be offered and the price range for the offering have not yet been determined. Luxoft has applied to have its Class A ordinary shares quoted on the New York Stock Exchange under the ticker symbol LXFT.

Mat British Virgin Islands, Caribbean, North America, United States

Western Union Unveils New Education Initiative around UEFA Europa League to Deliver One Million School Days

The Western Union Company (NYSE:WU), a leader in global payment services and new Global Partner of the UEFA Europa League, and the Western Union Foundation, today announced they will turn every successful pass in this seasons competition into funding to support one days education for young people around the world.

Mat Africa, Asia Pacific, Australia, Brazil, Caribbean, Colombia, Europe, France, Jamaica, Mexico, Nigeria, North America, Romania, Senegal, South America, Turkey, United Kingdom, United States