Cayman firm Solomon Harris looked at its management structure last year and has moved to streamline management roles among partners. The aim of the exercise was to ensure maximum efficiency, making sure the firm is set up to expand into new markets. The firm is planning investment in IT this year, and has just launched a regulatory and compliance team led by senior associate Simone Proctor.
Headcount remained fairly stable last year.
The year's standout deals included a recapitalisation transaction for Advantage Insurance Holdings and the statutory merger of healthcare captives Venzke Insurance Company and Stella Maris Insurance.