Jardine Lloyd Thompson Acquires Towner Management’s Barbados Business
Thursday May 03 2012 | 02:49 PM
St. James, Barbados—The Towner Management Group, the largest independent captive and international business company manager in Barbados, announced today that it has sold its Barbados-based business and operations to the Jardine Lloyd Thompson Group plc (JLT).
The transaction, announced by founding Chairperson Christopher J.N. Towner, will see the company rebranded JLT Towner and will maintain its current headquarters in Barbados, retaining the Towner management team.
Mr. Towner retains an interest in the Burlington, Vermont-based Group’s U.S. activities, which will also be renamed JLT Towner. He will also continue as Chairman of JLT (Barbados).
JLT is an international group of risk specialists and employee benefits consultants employing 7000 people worldwide with a growing presence in Latin America with over 650 employees in the region.
Gateway to South America
"This partnership is truly beneficial for both companies, their clients and employees," said Towner, who built the management company from scratch two decades ago. "JLT understands the value of current tax treaties and business flows enjoyed between Barbados and Latin American countries. Barbados is also an ideal platform for JLT's continued growth in Latin America."
Towner Management was established 21 years ago and is one of the most respected, independent management companies in the Caribbean. Clients and employees are pleased that the new company will be led by current Towner president Ricardo O. Knight, with JLT adding a wider international presence for those clients with multiple operations.
"JLT opened operations in Barbados two years ago," Kilian Whelan, Chief Executive Officer, JLT Insurance Management (Barbados and Bermuda), says, "and since we established our presence we continue to see excellent opportunities in Barbados as a captive domicile. The combination of Towner and JLT combines the established resources of the JLT Group and the fast-growing Towner Group to create an exceptionally strong management team.
"Together, we expect to become an even stronger force in the market, providing clients with enhanced access to international markets, experience and specialty skills built on the firm foundations both companies have for client service and innovation."
Greater Security
"This also creates greater opportunity for the employees and the Towner operations," Towner adds. "Barbados is facing increasingly stiff competition as a leading North American domicile but the combination of new South American markets and JLT's numerous strengths gives us great optimism for the future."
"In the past, Towner Management has told our clients and potential customers that they may count on our experience, independence and expertise to help guide their business," says Towner. "Today, with the breadth of experience and expertise JLT adds, this has never been truer."
For more information about how we at JLT Towner may serve your company's needs, please, as always, feel free to contact us.
St. James House | Second Street | St. James | BARBADOS, BB24016
t. (246) 432-4000 Ext: 3234 | f. (246) 432-4004
Visit The Towner Management Group at the Canadian RIMS Conference
Monday September 12 2011 | 04:34 PM
Please say hello to the executives of The Towner Management Group when you visit the 2011 RIMS Canada Conference at the Ottawa Convention Centre in Ontario, Canada from September 18-21. The Risk and Insurance Management Society, Inc. (RIMS) has a membership of 10,000 risk management professionals who operate in more than 120 countries.
Towner Management will be well represented with President Ricardo O. Knight and Vice Presidents Kirk E. Cyrus and Gregory A. Smith representing the company's global headquarters. From the United States operations, Partner Len P. Crouse and Managing Principal and Consulting Practice Leader Tom P. Stokes are expected to attend.
Founding Chairman Christopher J.N. Towner now guides an independent, full-service international insurance company, International Business entity Management Company and a wealth planning firm. In Barbados, the group includes Towner Risk Management Limited and Towner International Services. The Towner Management Group is a subsidiary of Second Street Holdings, which includes The St. James Group, which owns a separate account insurance company licensed in all classes of business and specializing in annuities.
Please visit both the Towner Management and Barbados booths while you make the rounds of the exhibit hall. At least one of the company's representatives can be found throughout the conference at their designated Booth #109, at the Barbados domicile Booth #310, or via smart phone email at the addresses listed below:
ricardo.knight@townermanagement.com
kirk.cyrus@townermanagement.com
gregory.smith@townermanagment.com
Following the conference, Ricardo will be in Toronto on September 22 and 23 after which he returns to Barbados.
To learn more about how we provide our international list of clients with alternative risk solutions that meet their diverse needs, don't hesitate to contact us.
At The Towner Management Group, count on our experience, independence and expertise to help guide your risk management efforts.
The Towner Management Group St. James House | Second Street | St. James | BARBADOS, BB24016
ROYAL FIDELITY NATIONAL DISTINGUISHED TEACHERS AWARDS DEADLINE EXTENDED
Friday September 02 2011 | 04:04 PM
Royal Fidelity has extended the deadline for entry for nominations of your favourite teacher for the National Distinguished Teachers Awards. Back to school activities have boosted nominations and heightened interest in rewarding teachers for their fine efforts and Royal Fidelity is keen to give as many people as possible the opportunity to nominate a teacher for the prestigious and monetary award. http://www.royalfidelity.com/ndta/
Royal Fidelity demonstrated its commitment to education in Barbados, by offering $20,000 in cash prizes for 10 dedicated teachers, in the form of the National Distinguished Teachers Awards. The awards will be for 2 Nursery School Teachers, 3 Primary School Teachers, 2 Secondary School Teachers, 1 Sixth Form Teacher, 1 Special Needs Teacher and 1 tertiary teacher from Barbados Community College, Samuel Jackman Prescod Polytechnic or Erdiston College.
The Blue Ribbon Judging Panel, which is comprised of 6 highly regarded people who are well known in the field of education in Barbados is comprised of: Mr. Keith Miller (Chief Judge), Mrs. Grace Pilgrim, Mr. Mac Fingall, Mr. Matthew Farley, Ms. Joy Gittens and Mr. Charles Chambers (Managing Director of Royal Fidelity).
“The importance of teachers in the development of a nation’s children and by extension the development of a nation, though crucial, is hardly ever appropriately recognized. Barbados’ foundation is the solid education of the people, and Royal Fidelity is delighted to be playing a role in supporting and recognizing the country’s teaching staff,” said Charles Chambers, Royal Fidelity’s Managing Director.
Media information:
Alex Jordan. 435.1955 c. 231 5911 e.alex.jordan@royalfidelity.bb
Royal Fidelity House
27 Pine Road
St. Michael
ASK opens West Coast Branch
Monday January 31 2011 | 01:46 AM
ASK Real Estate & Financial Services Inc. headed by Mr. Ayub Kola FCGA, FCA, which has operated out of their offices at Trident House in Bridgetown for over 20 years, has recently opened a satellite office in the West Coast Mall in Sunset Crest St. James.
This new show office serves to extend the reach and presence of the company on the ‘platinum coast’ of the island. The attractive design and convenient location of the office has already shown to be a success both in terms of additional branding and exposure to locals and visitors alike seeking to invest in real estate, setup business or looking for holiday accommodation options.
New to the team at ASK is Mrs Rae Stollmeyer who manages the west coast office. Mrs Stollmeyer’s formal degree qualification and background in finance has proven a valuable addition to the company’s professional service offering. She will focus on real estate in this post and we are confident of her success.
With a growing cadre of qualified and diverse professionals, the service offering of the company now includes accounting, financial and wealth management, corporate and personal taxation, real estate sales and rentals, holiday villa rentals, property management, business management, secretarial and administrative services.
ASK Real Estate & Financial Services Inc. (Ayub Kola & Company)
Windermere Bank relocation
Tuesday August 23 2011 | 12:13 PM
Windermere Bank & Trust Ltd. relocated from Windermere House to the 2nd floor, Limegrove Lifestyle Centre, Holetown, St James on August 18, 2011. The email addresses and telephone/fax numbers are all unchanged.
Valeant International (Barbados) & Cave Hill School of Business launch business plan competition
Tuesday June 07 2011 | 06:52 AM
Valeant International (Barbados) SRL and the Cave Hill School of Business (CHSB) Inc. - The University of the West Indies are pleased to announce the start of the Valeant International Business Plan competition 2011.
The Valeant International Business Plan Competition 2011 offers entrepreneurial and creative students the opportunity to create a business plan for Valeant International (Barbados) SRL, a subsidiary of the Valeant Pharmaceuticals International, Inc., a multinational specialty pharmaceutical company. The company is seeking submission of the business plan for the start up and management of a company to distribute select Over-the-counter dermatological product line in Barbados and the Caribbean region.
Rich Masterson, President & COO of Valeant International (Barbados) SRL expressed his pleasure in “partnering with CHSB in this business plan competition and supporting their entrepreneurship program and endeavors. Valeant has a long history of supporting UWI and we appreciate this opportunity to expand our relationship.”
According to Ms. Marjorie Wharton, Director of Strategic Business Services at the Cave Hill School of Business, “CHSB is also very pleased to be entering into this partnership with Valeant International (Barbados) SRL. This project offers young entrepreneurs an incredible opportunity. It is designed to encourage innovation, enterprise and entrepreneurship. To have an organization willing to give this level of support and this type of opportunity to a relatively young person who may be full of ideas but lacking in experience is truly remarkable and Valeant should be commended for their willingness to be part of this effort.”
The competition is open to both undergraduate and graduate students of the University of the West Indies who are pursuing studies in Business, Finance or Biotechnology. Business plans can be submitted by individuals or groups (maximum 4 participants per group). Students submitting business plans will vie for a grand prize of US$10,000 with additional prizes for 2nd and 3rd places.
Interested persons must submit registration for the competition to the Cave Hill School of Business (CHSB) Inc on or before July 31, 2011. Final business plans however, are to be submitted on or before September 30, 2011. The Winner(s) will be announced and the prizes will be presented during the week of the Global Entrepreneurship Summit in November, 2011.
For more information on the project interested parties may contact Mr. Brian Toppin at the Cave Hill School of Business (CHSB) Inc. at (246) 424-7731.
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