Hashtag: #Asia
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
Explosion Insurance Losses Could Be $1.5B
The insured losses from a series of explosions at a chemical warehouse in Tianjin on 12 August are “likely to be material” for Chinese insurance companies, potentially exceeding $1 – 1.5 billion, said Fitch Ratings, as the “high insurance penetration rate in this area could make the blasts one of the most costly catastrophe claims... Read more of this article
America’s Cup To Be Broadcast In China
Following an agreement with CCTV Sports Channel, the America’s Cup will be broadcast in China, the organisers announced today. Today’s announcement follows after other broadcast agreements were announced; NBC Sports is set to show the America’s Cup in the United States; French broadcaster CANAL+ will broadcast the America’s Cup to... Read more of this article
Bermuda-Based Chinese Insurer Signs Deal
A Bermuda-based Chinese insurance company is poised to launch an innovative risk-industry product under a deal signed in Hamilton this month. A signing ceremony, held earlier this month at the Hamilton Princess hotel to formally mark the new venture, was attended by Chinese and Bermuda companies, Bermuda’s regulator, and the Bermuda Business Development... Read more of this article
Photos: Philippine Embassy Team Visit Bermuda
It was a busy time for the Filipino Association as they were visited by the Philippine Embassy team from Washington DC for this year’s consular and labour outreach. “A total of 242 Philippine passports renewals, 12 Reports of Births, 8 Reports of Marriage, and 3 Oaths of Dual Citizenship, and authentication of documents were held by the Consular... Read more of this article
