Dublin, 17th April, 2018

Since its opening in July 2016, Centaur’s Bermuda office has experienced substantial growth. Below, we outline just some highlights that have enabled us to become a leading fund administrator in Bermuda.

Centaur, top Fund Administrator in Bermuda

 

1. EXPERIENCE COUNTS

In July 2016 Centaur established its Bermuda office with industry veteran Marc Weaver.  The team has grown significantly since then, with more opportunities available for ambitious people at all levels as our business continues to expand on the island.

Over the last 2 years, we have built a strong and experienced team in our Bermuda office.” says Marc Weaver, Chief Operating Officer, Centaur Fund Services (Bermuda) Limited. “This increase in personnel is a sign of our commitment to Bermuda and highlights our focus on delivering the best service to our clients.”

2. ILS AND REINSURANCE SERVICES GROWTH

Since its inception over 1 year ago, Centaur’s ILS (Insurance-linked securities) Service has grown from strength to strength.  We have recruited the best team in the industry to ensure premium independent administration services.  With IC Condat and Neil MacGuinness heading the ILS team, Centaur is fulfilling the ever-growing appetite in the ILS asset class.

Marc states, “Our ILS team is comprised of specialists working exclusively in the asset class. The team has the essential expertise and experience to service sophisticated ILS structures and are on hand to deliver customisable solutions for our clients.

3. GROWING CLIENT BASE

Over the past 2 years, Centaur Bermuda has significantly increased client numbers and has expanded its service offering. Our ability to establish ourselves as a premium service provider for private equity and ILS funds has been fundamental to our success.

Marc says, “We thoroughly enjoy working with firms both here and in the U.S. and have built a strong client base, while ensuring that Centaur is a firm fixture in the business community. We see tremendous opportunities for further growth in 2018 and beyond.”

4. COMMITMENT TO LOCAL RELATIONSHIPS

Bermuda is a key strategic location for Centaur and acts as an important servicing office, primarily for North American based clients. There have been many key relationships established since Centaur’s Bermuda office opened in 2016, such as the Business Development Agency (BDA), Bermuda Monetary Authority (BMA), the Ministry of Economic Development and the Bermuda Stock Exchange.

Marc says, “We greatly appreciated the advice from the BDA when Centaur was setting up its Bermuda office and the constructive relationship with the BMA to obtain our license to carry out the business of a fund administrator. We also look forward to work with the Ministry of Economic Development and local recruitment agencies to start a graduate program for young students wanting to learn about the industry.”

 

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