Business Bytes - January 2022

Business Bytes - January 2022

PROVENANCE PROPERTIES ON THE MOVE

Work is underway on the new Camana Bay office for Provenance Properties Cayman Islands, the real estate brokerage for Dart and the exclusive Cayman Islands affiliate of Christie's International Real Estate.


The new office will be located on the corner of Market Street and Forum Lane in the space formerly occupied by 3 Girls & A Kiln. It is expected to open this spring.


While it waits for completion of the office fit-out, the Provenance Properties team is working from the OLEA Sales & Presentation Centre on Market Street from 8 a.m. until 5 p.m. on weekdays, or by appointment.


To book an appointment, visit provenanceproperties.com or call 640-7000.

cayman business man in suit

MOURANT HONOURED AGAIN

The online publication, "The Lawyer," once again recognised Mourant as one of the world's leading law firms, naming it "Offshore Law Firm of the Year" for the second year in a row.

Announced during a virtual ceremony, the international law firm was described as "a clear leader in the offshore field" and praised for its "entrepreneurial approach to enable acceleration of growth."
The firm has now won the title from "The Lawyer" on five occasions, including the inaugural award in 2004.

Mourant's submission highlighted the successful culmination of its ambitious five-year strategy and the launch of Mourant Consulting, a new financial services regulatory consulting business.

The submission also outlined the firm's new five-year strategy, Mourant 2025. To support the new strategy, the firm has invested in a number of technology-led innovations, including a new client onboarding solution, while also sharpening its focus on issues around environmental sustainability and equality, diversity and inclusion. Mourant was the first law firm to sign up to the ESI Monitor's Environmental Business Operations Award scheme, demonstrating global commitment to environmental sustainability.

Mourant Global Managing Partner Jonathan Rigby praised the firm's global team of employees.

"Everyone at Mourant has played an integral part in delivering our continued growth and success and we're extremely grateful to our clients for their loyalty and support."

global finance award 2022

"GLOBAL FINANCE" RECOGNISES BUTTERFIELD

Global Finance, a leading corporate finance publication headquartered in New York, named Butterfield “Best Private Bank 2022” in the Cayman Islands and Bermuda. Global Finance’s annual Private Bank Awards recognises banks that best serve the specialised needs of high-net-worth individuals as they seek to enhance, preserve and pass on their wealth. The editorial board selects the winners with input from executives and industry insiders based on submissions in addition to independent research.
This year’s ratings were based on performance during the period covering 1 July 2020 through 30 June 2021.

Cayman Islands Managing Director Mike McWatt said independent reviews regularly place the asset management performance of Butterfield's private banking team in the first or second quartile.
"I congratulate the team and thank our clients for their valued loyalty," he said.

business man in glasses

GREENLIGHT RE INVESTS IN TECH-SAVVY INSURER

Greenlight Re Innovations, part of Camana Bay-based Greenlight Capital Re, Ltd., announced recently that it had made an investment in Blueprint Holding Co., Inc., a full-stack title insurance carrier and agency. Its operating company, Blueprint Title, has a focus on digitalisation and the integration of technology, with the aim of reducing high expense ratios by centralising underwriting and agency operations.

Greenlight CEO Simon Burton said title insurance is the perfect example of an inefficient marketplace.

"The title market is well-suited to innovative solutions, and we are pleased to partner with Blueprint as they look to transform this market through innovative technology, automated processes and competitive pricing," he said.

Blueprint CEO Steve Berneman said that buying real estate has been too difficult for too long.

"The single family residential asset class should be accessible to all, and that’s only possible if title and escrow take a modern approach to transactions," he said. "At Blueprint, we use technology, transparency and innovative insurance models to empower buyers and sellers and to remove friction from the process."

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