The Isle of Man has announced the launch of its Insurance Special Purpose Vehicle (ISPV) legislation to cover transactions involving catastrophe bonds, industry loss warranties and other collateralised reinsurance structures.
Canada Life Group is to purchase Legal & General International to complement its existing offshore businesses in both the Isle of Man and Dublin.
Charles Taylor will acquire Scottish Widows International (SWIL) as it continues to expand within the international life sector.
Rowan Dartington has tapped into the international wealth management market with the rebrand and full launch of its international wealth platform.
First Names Group has appointed a group business development director to help advance relationships with its growing network of clients and intermediaries.
First Names Group has appointed a UK managing director and global head of outsourced business services to oversee its UK services and help to build a global service delivery platform.
Grant Thornton has appointed four trainees to its Isle of Man-based team, as its accountancy and auditing business continues to grow.
The US state of Ohio has signed legislation allowing for the creation of captive insurance companies, putting it potentially in competition with offshore jurisdictions such as the Isle of Man, Guernsey and Dubai.
UK accountancy practice Grant Thornton has appointed a new senior tax manager for its Isle of Man operations.
Supermodel Elle Macpherson will no longer be proceeding with an appeal against a Manx court’s decision in a lengthy, complex legal dispute, it has been reported.
RL360° has launched online dealing across all of its portfolio bond policies, allowing investment advisers to deal and switch between their policies with the company online.
Isle of Man chief minister Allan Bell has labelled tax information exchange agreements (TIEAs) ‘redundant’ and defended the lack of any new double taxation agreements (DTAs) signed by the island since the one with Luxembourg in April last year.
