Hashtag: #Asia
PartnerRe Appoints Beedle, Head Of Asia-Pacific
Bermuda-based PartnerRe Ltd. announced that, subject to regulatory approval, James Beedle will be appointed to the position of Head of Asia-Pacific & CEO of Partner Reinsurance Asia Pte. Ltd., to head up PartnerRe’s business operations in that region. He will take up his position on January 1, 2017 replacing outgoing Head of Asia-Pacific, Alain... Read more of this article
Column: Vast, Vital & Relatively Untapped Market
[Opinion column written by Ross Webber] Last month marked two years of my tenure as Chief Executive Officer of the BDA — a milestone that prompted a mental tally of our agency’s achievements to date. We’ve seen growth across multiple industry sectors: reinsurers setting up or redomiciling here; captives coming from fresh markets like Latin America... Read more of this article
Bacardi Selects Online Retailer Partner In China
Bermuda-headquartered Bacardi – the world’s largest privately held spirits producer — has selected JD.com, Inc.. the largest Chinese e-commerce company by revenue, to be the drinks company’s Online Retailer Strategic Partner. The two companies signed a memorandum of understanding of strategic cooperation to support Bacardi’s online... Read more of this article
Chinese Team Enters Newport Bermuda Race
[Written by Genie Xu with Talbot Wilson] For the first time ever an all-Chinese team will race in the Newport Bermuda Race. Started in 1906 as one of the three most famous off-shore sailing racing competitions, the 2016 ‘Thrash to the Onion Patch’ is going to share its 50th anniversary with the first Chinese entry in its history— Team Noahs.... Read more of this article
America’s Cup Racing To Be Held In Japan
America’s Cup racing is coming to Asia for the first time in the 165-year history of the event. The Louis Vuitton America’s Cup World Series is scheduled to bring exciting, fast, unpredictable America’s Cup racing to Fukuoka, the fifth largest city in Japan, from November 18-20, 2016. “This is an incredible opportunity to showcase this compelling... Read more of this article
Harneys Promotes Bermuda Practice In Asia
This week, Harneys hosted several events in Asia in order to promote the launch of its Bermuda practice, with Sarah-Jane Hurrion, Managing Partner of Harneys Bermuda, Michael Burns, Head of Corporate and Fiduciary, and Stuart Old, Director, delivering seminars in Hong Kong covering the island’s role in the international economy and its global... Read more of this article
Bloomberg Report: “Hong Kong’s Bermuda Bent”
About 45 percent of the market capitalization of the Hang Seng Index consists of companies whose registered offices are in the Cayman Islands or Bermuda, according to a story by Bloomberg. The article — entitled “Hong Kong’s Bermuda Bent” – said “As this week’s release of the Panama Papers has shown, most investors... Read more of this article
Lilla Zuill Takes Up Hong Kong Secondment
Harneys announced that Bermudian lawyer Lilla Zuill has joined the firm’s Hong Kong office on a one year secondment, as it strengthens business between Bermuda and Asia, and builds on business opportunities emanating from Asia. Ms Zuill specialises in commercial litigation and insolvency, advising clients on disputes, bankruptcy and insolvency matters.... Read more of this article
Hong Kong Lawyers Dress In Bermuda Shorts
Bermuda shorts made a statement in Hong Kong this month, as at a special event to promote Walkers Professional Services, more than 20 lawyers from the firm’s regional office donned Bermuda shorts to welcome Walkers’ new association with Taylors in Bermuda. More than 200 clients were invited as a thank-you for their support and to introduce Kevin... Read more of this article
Students Offered Internship At Chinese School
University graduates who attended one of the Island’s private schools are being offered the chance of a “life changing opportunity” to live and work in China on a one-year internship. Daniel Dorrington and his wife Rebecca used to work at Saltus Grammar School but left to take up posts with Dulwich International High School in Suzhou, China. They... Read more of this article
Tianjin Explosions To Cost Insurers Almost $2B
The explosions in Tianjin, China will cost insurers across Europe, the U.S., Bermuda and Asia almost $2 billion, according to Bloomberg. The Bloomberg story said “Insurer Talanx AG’s $122 million loss from port explosions at Tianjin, one of China’s worst industrial disasters, takes the net hit incurred by insurers across Europe, the U.S.,... Read more of this article
Aspen To Expand Operations Into Singapore
Bermuda-based Aspen Insurance Holdings Limited announced the entry of its insurance segment, Aspen Insurance, into Singapore through Aspen’s Lloyd’s syndicate on the Lloyd’s Asia platform from 1 January 2016, subject to regulatory approval. “The establishment of Aspen’s insurance presence in Singapore is consistent with Aspen’s strategy... Read more of this article
Bermuda Delegation Head To Asia Conference
The Bermuda Business Development Agency [BDA] will join Bermuda trust industry experts at the STEP Asia Conference in Singapore this week, building on the Island’s long-time links with business from the East. The November 11–12 conference, hosted by the Society of Trust & Estate Practitioners [STEP], attracts some 500 delegates annually including... Read more of this article
Validus Group Appoints China Representative
Bermuda-based Validus Holdings, Ltd. announced the appointment of Ellie Zhou as Underwriting Manager for Greater China to support the Validus Groups’ existing Chinese customers and grow the firm’s business in the region. “China is one of the world’s largest and fastest-growing insurance markets and continues to expand significantly,”... Read more of this article
Appleby Report Details China’s FDI & M&A
Law firm Appleby released the second edition of its annual China Offshore report, which examines China’s foreign direct investment [FDI] and mergers and acquisition activity outside its own borders. Using the most current available data on investment and deal flow in China and Hong Kong, the report provides an overview of the movement of FDI and... Read more of this article
Garrod: China & Start-Ups Mitigate M&A Effects
Growing Chinese interest in the Bermuda reinsurance market and a raft of new start-ups forming on the Island should ease concern over the effects of a spate of mergers and acquisitions. That is the view of Chris Garrod [pictured], a Director in the Insurance Practice of Conyers Dill & Pearman Limited, who believes the M&A trend will continue... Read more of this article
