Hello, MoneyMax101 readers! Here’s your news update.
- Sagicor To Establish Reinsurer in Bermuda – IMF Report. Shifting Away From Barbados
Business – Barbados Today / Barbados – Thu Dec 21, 2017
Financial services giant Sagicor, which last year moved its holding company to Bermuda after more than 170 years in Barbados, is preparing to establish a firmer footing in the British overseas territory located in the North Atlantic, according to a recent International Monetary Fund (IMF) report. It was first announced in January 2015 that Sagicor planned to move its holding company, Sagicor Financial Corporation (SFC), to escape the negative impact of Barbados’ repeated downgrades by the international ratings agencies.
- Cuba signals Raúl Castro will remain president longer than expected
Washingtonpost.com / Cuba – Thu Dec 21, 2017
Cuban President Raúl Castro will remain in power until April, the government said Thursday, delaying a historic transition that would leave the communist island nation without a Castro in charge for the first time since 1959. This due to delays and complications related to destruction inflicted by Hurricane Irma.
- A Tiny Caribbean Island Looks to Lead in Initial Coin Offering (ICO) Regulation
Biglawbusiness.com / Caribbean – Thu Dec 21, 2017
The government of Anguilla could soon become the first country to formally harness the red-hot growth of initial coin offerings (ICOs) through legislation aimed to create regulatory clarity for the industry and attract new investment to the island jurisdiction.
- The Jamaica Stock Exchange (JSE) board needs a huge shake up
IC Insider / Jamaica – Thu Dec 21, 2017
Having had the problem several months ago it seems implausible that the JSE has not moved speedily to correct what is clearly a problem when IPOs start trading. Why has the stock Exchange board not moved to correct what is clearly a problem for new listings? Why has the FSC not intervened to ensure it gets sorted out, before new listings come to market?