Greenlight Re
AM Best has upgraded the financial strength rating of Greenlight Re to A (Excellent) from A- (Excellent) and issuer credit rating to “a” from “a-”.
The ratings are based on its excellent risk-adjusted capitalisation, experienced management team and the disciplined implementation of its business plan, the ratings agency said.
The ratings also recognise the company’s exceptional enterprise risk management as it aggressively manages risks on both sides of the balance sheet. These strengths are partially offset by the challenges Greenlight Re encounters with writing profitable business in a softening market and the leverage resulting from an investment portfolio that is primarily composed of publicly-traded equity securities, AM Best added.
Thorp Alberga
Attorney firm Thorp Alberga, based in the Cayman Islands and Hong Kong, is reported to have established a team to focus on aviation. New partners Anne Todd and Matthew Stocker will be based in Grand Cayman and Hong Kong, respectively.
Ms Todd has almost 20 years’ legal and commercial experience in the banking and finance and private equity sectors, with emphasis on structured and asset finance. Formerly with Maples and Calder in London, she moved to Walkers in the Cayman Islands in 2004 where she became a partner in 2008 and where she was head of asset finance. Mr. Stocker was previously a partner based in Hong Kong at both Appleby and Maples and Calder.
Walkers
Two of Walkers’ sponsored law students were awarded three of the Cayman Islands Law School’s most prestigious academic prizes. Nadine Watler, who recently passed the Professional Practice Course at the Cayman Islands Law School with Distinction, was awarded the O.L. Panton Memorial Prize for the best performance over the Professional Practice Course in 2011. She was also presented with the Attorney General’s Trophy for the best performance in the Qualifying Examination.
Thea Bush, who recently completed her first year at the University of Liverpool and received an LLB Honours Degree at the Cayman Islands Law School, was awarded the Sweet and Maxwell Prize for the best performance in the first year modules.
Walkers Management Services appointed Michele Wan as senior vice president with Walkers Corporate Services in Hong Kong. Ms Wan joins from Walkers law firm in Hong Kong, where she worked as an associate in the Corporate and Finance Group, specialising in asset finance, acquisition finance, structured finance and debt capital markets.
Harbour
Greg Bennett has been appointed to the board of directors of Harbour. Prior to joining Harbour, which specialises in the provision of non-executive directorship and related fund fiduciary services, he most recently held the position of managing director at HedgeServ, the global hedge fund administration firm, whose Cayman office he established in 2010. Mr. Bennett joins board members Philip Dickie and Cassandra Powell on the Harbour leadership team. The other directors include Richard Douglas, William Walmsley, Peter Anderson, Alan Milgate and Tamara Corbin.
CML Offshore Recruitment
CML Offshore Recruitment recently placed three
Caymanian women in trainee positions with accounting firm BDO. Michelle Douglas, Melanie Bodden and Trisha Tamasa are all studying for their professional accounting qualification. Ms Bodden and Ms Tamasa hope to earn their Association of Chartered Certified Accountants, while Ms Douglas will work toward a Certified Public Accountant designation.
“Both designations are equally desirable in Cayman, where we have both UK and US trained accountants,” said Louise Reed, head of administration recruitment at CML. The candidates are working in the BDO audit department undertaking the day-to-day responsibilities of an accountant and will learn the skills required to complete their exams.
G
lobal Compliance Solutions
Global Compliance Solutions’
annual Anti-Money Laundering, Compliance and Financial Crime Conference is set to take place on Thursday and Friday, 13 and 14 October, at the Grand Cayman Marriott Beach Resort. The conference agenda will cover issues surrounding regulatory compliance and anti-money laundering initiatives, as well as a focus on terrorist financing.
Among the speakers is John Masters, who has been a barrister in the UK, Australia and the Cayman Islands.
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