The AGS Bermuda team has been extremely busy, with over 100 structures on-boarded within the first 12 months. Structures include publicly listed industrial conglomerates and global commercial re/insurers in both P&C and life, in addition to captives and insurance-linked securities (ILS). One ILS example is a Singapore provider listing on the Bermuda Stock Exchange (BSX), which was reported in July 2019 just three months after AGS became a listing sponsor. AGS continues to support the BSX by sponsoring issuers.

AGS which was launched in January 2019 has offices in seven jurisdictions: Bermuda, the Cayman Islands, Hong Kong, Isle of Man, Jersey, Mauritius and most recently Seychelles. In Bermuda, services include: Incorporation, Registered Office, Company Secretarial, Board Support, Statutory Records Maintenance, Director Services, Trust Services and BSX Listing Services.

AGS Bermuda is led by Tim Faries and Tonesan Amissah. Tim Faries serves as both Chairman for AGS Bermuda and Managing Partner for Appleby’s Bermuda office.  Tonesan Amissah is Managing Director for AGS Bermuda and a former partner at Appleby.

Tim Faries said, “As regulation and compliance requirements continue to increase at a rapid pace, clients are seeking integrated legal, fiduciary and administration services. Appleby’s legal expertise and knowledge of the local regulatory environments enable us to advise on all legal and regulatory developments. Appleby works closely with the AGS team of specialist administration professionals to implement customised solutions and provide clients with an efficient integrated service offering.”

Tonesan Amissah added, “We are very pleased with the growth of our business in the first year and expect client demand to continue, especially in the insurance sector. We have built a technically strong and client-centric team and look forward to hiring more Bermudians in 2020 as our business expands further.”

Share
Twitter LinkedIn Email Save as PDF
More News
7 Aug 2020

Bermuda launches new one-year ‘Work from Bermuda’ residency initiative

Bermuda is now offering one-year residency for those who want to work or study remotely.  Effective...

6 Jul 2020

Appleby Global Services announce new leadership team

Appleby Global Services (AGS) a global fiduciary services provider which was launched by offshore la...

16 Mar 2020

Bermuda tables immigration changes for mixed-status families

The Government of Bermuda tabled in the House today a Bill which would amend the Bermuda Immigration...

13 Mar 2020

Appleby Global Services – Business Continuity

As a global firm, Appleby Global Services has a comprehensive global business continuity plan which...

27 Feb 2020

Bermuda investment funds amendment act 2019 becomes operative

The Investment Funds Act 2006 (Funds Act) was amended by the Investment Funds Amendment Act 2019 (Am...

27 Feb 2020

Bermuda appoints data privacy commissioner

The Governor of Bermuda announced today the appointment of a Privacy Commissioner to be effective 20...

26 Feb 2020

Bermuda recognised as a global leader in the fight against financial crime

Bermuda has made significant strides in strengthening its overall Anti-Money Laundering and Anti-Ter...

26 Feb 2020

Bermuda Joins EU Whitelist

The Economic and Financial Affairs Council (ECOFIN) announced today that Bermuda has moved to the ...