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iQor CXBPO™ Acquires JumpCrew to Expand End-to-End CXBPO Capabilities

News Americas, FT. LAUDERDALE, Fla. , Aug. 11, 2025: iQor CXBPO, a global leader in customer experience business process outsourcing (BPO), today announced its acquisition of JumpCrew, a premier provider of outsourced B2B sales and marketing solutions. This strategic move expands iQor’s ability to deliver seamless, tech‑enabled support across the entire customer lifecycle — from acquisition to retention — and reinforces its position as a full-service CX partner for leading brands.

Headquartered in Nashville, Tennessee, JumpCrew delivers Growth as a Service (GaaS) through an integrated stack of lead generation, content creation, RevOps automation, and dedicated sales teams. The company has generated over $1 billion in new revenue for its clients — the fastest-growing and most innovative brands.

“iQor’s CXBPO expertise and JumpCrew’s unique Growth as a Service execution will deliver a seamless end-to-end customer lifecycle service. This powerful combination, leveraging iQor’s global delivery network and next-generation Voice-of-the-Customer insights, will allow our clients to grow, retain, and optimize their business with enhanced efficiency and performance outcomes,” said iQor President and CEO Chris Crowley.

Clients will now benefit from a unified solution that offers:

Lead generation, pipeline conversion, customer service, and retention

Integrated CX and sales execution, backed by Insights iQ real‑time analytics

ROI optimization across the customer lifecycle

JumpCrew’s proprietary AdPost platform further enhances iQor’s technology stack and infinityAiQ platform, providing businesses with a powerful toolset for managing digital campaigns, tracking performance, and centralizing customer acquisition data.

“Joining iQor unlocks unprecedented scale for JumpCrew’s proven Growth as a Service approach. With a world-class client portfolio, we know what it takes to drive pipeline growth. Backed by iQor’s global infrastructure and CX intelligence, we’ll deepen those relationships, accelerate lead generation, and innovate faster while preserving the agility and client focus that define JumpCrew,” said Robert Henderson, CEO of JumpCrew.

This acquisition continues iQor’s evolution as a digitally enabled CX service provider, combining human problem-solving with AI‑driven insights from millions of service interactions. The combined companies of iQor and JumpCrew will be led by Chris Crowley as President and CEO. JumpCrew will preserve its brand name and entrepreneurial culture under the leadership of Robert Henderson, who will report to Chris Crowley.

About iQor CXBPO
iQor CXBPO is a trusted partner in intelligent customer experience solutions, delivering exceptional results for global brands. With 40,000 employees across 10 countries, we combine 30 years of industry expertise with cutting-edge AI-driven innovations to optimize customer interactions at every stage. Our agile, scalable solutions ensure seamless omnichannel engagement, driving loyalty and measurable business success. Recognized as a Great Place to Work® and a leader in CX excellence, we elevate performance through a people-first approach, operational expertise, and secure, technology-enabled solutions. Learn more at iQor.com.

About JumpCrew
JumpCrew is a Nashville‑based Growth as a Service agency specializing in outsourced B2B sales and marketing. Founded in 2016, JumpCrew helps companies generate leads, build pipeline, and close more deals through a proven stack of content, automation, and dedicated sales teams. Learn more at www.JumpCrew.com.

All-Inclusive, Redefined Again: Blue Diamond Resorts Is Now Royalton Hotels & Resorts

News Americas, ST. MICHAEL, Barbados, Aug. 11, 2025: After fifteen years of redefining the all-inclusive experience, Blue Diamond Resorts is taking the next step in its evolution. Beginning August 11, 2025, the company will officially transition to Royalton Hotels & Resorts, consolidating its brand identity under the name that has defined its guest experience across the Caribbean.

This change marks a natural evolution for the company, whose success has been closely tied to the growth and recognition of its Royalton-branded properties across seven leading sun destinations. With an aligned portfolio and refreshed visual identity, the move consolidates brand equity and reinforces the company’s leadership in the modern all-inclusive space, while maintaining the same essence and operations.

“This is more than a name change. It is a strategic alignment of our brand portfolio that highlights the strength and recognitionof Royalton,” said Jordi Pelfort, President of Royalton Hotels & Resorts.

As part of the brand realignment, the adults-only brand formerly known as Hideaway at Royalton will now be referred to as Royalton Hideaway, A Resort Within a Resort. The refreshed name reinforces its place within the Royalton ecosystem, while continuing to offer the same Togetherness concept and elevated adults-only experience that guests have come to expect.

Planet Hollywood Hotels & Resorts will also evolve to become Planet Hollywood Hotels & Resorts by Royalton, reinforcing the connection between its all-ages cinematic concept and the strength of the Royalton name. Guests can continue to enjoy its signature Vacation Like a Star experience, now under a unified identity.

Pelfort added: “With every brand now part of the Royalton family, our identity has never been more unified or more powerful. Royalton is no longer just a brand. It is a household name that guests remember and trust. As we celebrate 15 years of excellence, this evolution marks a defining moment in our history. Blue Diamond Resorts will always be part of our DNA. Its mission, vision, and spirit remain at the core of who we are.”

With this transition, the company’s portfolio will continue to include well-known brands such as Royalton Luxury Resorts, Royalton CHIC Resorts, Royalton Vessence Resorts, the rebranded Royalton Hideaway Resorts, Planet Hollywood Hotels & Resorts by Royalton, Mystique by Royalton, and Grand Lido Negril.

This announcement follows a year of expansion and innovation for the company, including the launch of Royalton Vessence Resorts, the recent announcement of Royalton CHIC Jamaica Paradise Cove, and new resort developments underway in the Caribbean.

For more information, visit www.royalton.com

About Royalton Hotels & Resorts

Royalton Hotels & Resorts is a leading all-inclusive hospitality company with a curated portfolio of 24 resorts across seven of the Caribbean’s most sought-after destinations, each offering a distinct and immersive signature experience. Its eight brands include the award-winning All-In Luxury® Royalton Luxury Resorts, where Everyone is Family, known for elevated comfort and thoughtful service through signature features like All-In Connectivity and DreamBed. Royalton Hideaway delivers an upscale adults-only escape designed around Togetherness, with exclusive dining and modern accommodations. Royalton Vessence Resorts introduces The Art of Vacation through a wellness-forward approach to all-inclusive travel, centered on balance and mindful connection. Royalton CHIC Resorts invites guests to Party Your Way with vibrant, adults-only getaways full of style and spontaneity, while Mystique by Royalton offers Miles from Ordinary boutique retreats that celebrate natural beauty, local culture, and laid-back sophistication. In Jamaica, Grand Lido Negril presents a unique Au Naturel experience for guests 21 and over, with secluded beachfront luxury.

The portfolio also includes Planet Hollywood Hotels & Resorts by Royalton, where guests can Vacation Like A Star in entertainment-infused settings surrounded by iconic memorabilia, and Planet Hollywood Adult Scene by Royalton, where guests can Dodge the Paparazzi in glam, adults-only escapes defined by privacy and exclusivity.

To learn more about Royalton Hotels & Resorts, please visit www.royalton.com

Caribbean Citizenship Programs To Get First-Ever Regional Regulator

News Americas, NEW YORK, NY, Fri. Aug. 8, 2025: The much heralded Caribbean Citizenship by Investment (CBI) program – long a lightning rod for both global scrutiny and investor interest – is about to enter a new era of regional oversight.

In a rare show of unity, five Eastern Caribbean nations – Antigua & Barbuda, Dominica, Grenada, St. Kitts & Nevis, and St. Lucia – will jointly enact legislation this September creating the region’s first-ever regulator for these programs.

This move follows nearly two years of high-level diplomacy and tense negotiations with the United States, United Kingdom, and European Union, all of which have pressed for tighter controls amid global concerns over illicit finance and security loopholes.

The new watchdog will wield binding authority to set common standards, enforce stricter due diligence (including mandatory biometric collection at applicant interviews), and coordinate closely with CARICOM’s crime and security arm to vet all applicants through a centralised portal.

For the OECS, the shift isn’t just about compliance – it’s about survival. CBI revenues have been critical lifelines for small island economies battered by hurricanes, COVID-19, and global economic shocks, funding everything from infrastructure to climate resilience projects.

Officials say the unified regulator is designed to protect both the economic lifeblood of the islands and the reputations of their passports in the eyes of the world — ensuring the programmes remain viable, secure, and credible for decades to come.

As the OECS Commission put it: “Dismantling these programmes would severely compromise the prospects and prosperity of these countries… This is about safeguarding our future.”

“The key objectives of the regulator are to help enhance the transparency, security and sustainability of these vital Programmes. The regulator will issue binding standards on all CBI/CIP Units (CIUs) and all licensees involved with these programmes,” the OECS Commission said, adding that there is now  the collection of biometrics for all new applicants.

“Biometrics will be collected at the time of the interview, which is part of the application process. This provision is intended to enhance the security of these programmes by further strengthening the vetting process of all applications.”

These Caribbean Nations Are Set To Lead Regional Growth In 2025

By NAN Business Editor

News Americas, NEW YORK, NY, Thurs. Aug. 7, 2025: Despite a sluggish global outlook, several Caribbean economies are forecast to outperform their regional peers in 2025, according to new data from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

Guyana continues to dominate regional growth projections, with GDP expected to surge by 10.3% in 2025.

ECLAC’s Economic Survey of Latin America and the Caribbean 2025, released Tuesday, projects a modest 2.2% average GDP growth rate for the Latin America and Caribbean region next year. However, a few Caribbean nations are defying the trend, with Guyana, Dominican Republic, and Saint Vincent and the Grenadines emerging as bright spots amid concerns over slowing tourism demand and global economic headwinds.

Guyana Leads With Double-Digit Growth

Guyana continues to dominate regional growth projections, with GDP expected to surge by 10.3% in 2025, powered by robust investments in the country’s booming hydrocarbons sector. Following a staggering 43.6% expansion in 2024, Guyana’s momentum positions it as the fastest-growing economy in the hemisphere.

Dominican Republic and Saint Vincent Also Outperform

Following Guyana, the Dominican Republic is expected to post a 3.7% growth rate in 2025, driven by strong domestic demand, tourism resilience, and structural reforms.

Meanwhile, Saint Vincent and the Grenadines is forecast to grow by 4.0%, placing it among the top five Caribbean performers. The island has benefitted from stable tourism recovery and targeted public investment.

Other Notable Performers

Antigua and Barbuda: 3.5%

Grenada: 3.5%

Suriname: 3.2%

Dominica: 2.5%

Saint Lucia: 2.5%

Barbados: 2.6%

These growth forecasts contrast sharply with larger regional economies like Jamaica (1.3%), Bahamas (1.8%), and Trinidad and Tobago (1.5%), which are projected to remain flat amid global uncertainty.

Tourism and Energy Costs Remain a Drag

The report warns that the overall Caribbean region, excluding Guyana, is expected to grow just 1.8% in 2025, a slowdown from 2.6% in 2024. This is largely due to lower GDP growth in the U.S. – the region’s largest tourism source market – along with persistent challenges like high energy and transport costs, and vulnerability to climate-related disasters.

The Outlier: Haiti and Cuba Face Contraction

Haiti and Cuba remain economic laggards. ECLAC projects Haiti’s GDP will shrink by -2.3% in 2025, following a -4.2% contraction in 2024, citing ongoing political instability and humanitarian crises. Cuba is also expected to contract by 1.5%, reflecting the island’s continued struggle with external financing, sanctions, and weak domestic output.

Looking Ahead

Despite the subdued regional outlook, ECLAC highlights that resource mobilization and policy innovation will be key to unlocking medium-term growth. Caribbean nations that diversify beyond tourism, invest in infrastructure, and harness energy transition opportunities are more likely to weather global volatility.

The report – released at a press conference led by the United Nations regional commission’s Executive Secretary, José Manuel Salazar-Xirinachs – emphasizes that the estimates point to different dynamics among sub-regions and countries.

Aisha Maina Secures USD 40 Million St Kitts Port Deal And Takes Trade Roadshow From Grenada To Jamaica And Trinidad

News Americas, ST. GEORGE’S, Grenada, Mon. Aug. 4, 2025: Aisha Maina, Managing Director of Aquarian Consult and founder of Gemini Integrated Commodities, has completed an intensive week of engagements, capped by a USD 40 million deal to build a Panamax deep-water port and special economic zone in Basseterre, St. Kitts, that unite policy, private capital and hard infrastructure around a single objective: forging a reliable commercial bridge between Africa and the Caribbean.

At the signing of the USD$ 40m Port deal for St Kitts & Nevis: L-R (Middle): 1. Hon. Dr. Terrance Drew, PM, St. Kitts & Nevis, Hon Minister Samal Duggins, Minister of Agriculture et. Al, St. Kitts and Nevis, Miss Aisha Maina, Managing Director, Aquarian Consult, Mr. Eric Intong, Acting Group Managing Director, Client Relations, Afreximbank and Prof. Benedict Oramah, President, Afreximbank.

The new port will anchor a 10 square kilometre special economic zone designed for agro-processing, light assembly and bonded warehousing. Feasibility studies begin in August, and financial close is targeted for Q1 2026. The facility is expected to create thousands of jobs and attract an additional USD 300 million in private investment. For Saint Kitts & Nevis, a nation of fewer than 60,000 people, the project positions the federation as a logistics hinge between 19 African and 12 Caribbean Commonwealth members. For exporters in West Africa, it removes a costly European detour and delivers end-to-end digital customs visibility.

One Week, Three Strategic Touchpoints

1. Port Signing In Grenada – July 28th
 At the Afreximbank Afri-Caribbean Trade and Investment Forum in Grenada, Maina co-signed a USD 40 million Letter of Interest with Afreximbank and the Government of St Kitts & Nevis. Prime Minister Dr Terrance Drew witnessed the signing, while Honourable Samal Duggins, Minister of Agriculture and Marine Resources, signed for the island nation. The agreement finances a Panamax-capable deep-water port in Basseterre and a ten-square-kilometre special economic zone for agro-processing and light assembly.

“Africa and the Caribbean need assets, not just aspirations. With this port we move from promise to throughput, from talk to tonnage. It is the physical backbone of a trade bridge that has been too long in the making,” Maina said on stage.

Duggins added: “Fresh off the Afri-Caribbean Exchange, I proudly signed a landmark Letter of Interest with Afreximbank. Facility after facility, deal after deal, we are not just talking transformation; we are delivering it. The vision is clear, the progress is real, and the future is now.”

2. Caribbean Investment Forum In Jamaica – July 30th
 From Montego Bay’s main stage, Maina confirmed that feasibility and environmental studies for the Basseterre port will begin in August. She outlined a corridor that cuts Lagos-to-Basseterre sailing times to about seven days, eliminating costly European detours.

“If private sector does not take charge of the process, we will remain where we have been. Retreat or defeat are not options,” she told delegates.

3. Trans-Atlantic Symposium In Trinidad – August 3rd
 Maina closed the week in Port of Spain, delivering the keynote “Why Caribbean and Africa Trade and Investment and Economic Cooperation Matter” at the Trans-Atlantic Trade and Investment Symposium organised by the Emancipation Support Committee of Trinidad and Tobago. She connected port logistics, economic-zone clustering and new financing tools to broader goals of youth employment, food security and diversified exports.

Project Snapshot

MetricDetailInitial financeUSD 40 millionBerth capacityOne Panamax berth, expandable to twoConstruction jobs600 direct positionsFollow-on capitalUSD 300 million projected private investmentStudies launchAugust 2025Financial closeQ1 2026First containerQ4 2028

Regional and Global Implications

Shorter transit times – Direct sailings remove European detours and lower freight costs.

Value-addition hub – The special economic zone lets African raw materials be processed closer to North American markets.

Commonwealth relevance – One of the Commonwealth’s smallest states will host a strategic maritime asset linking 19 African and 12 Caribbean members.

Private-capital leadership – Gemini Integrated Commodities co-invests with Afreximbank, placing execution risk on balance-sheet owners rather than policy desks.

Background

Momentum began in March with the Afri-Caribbean Investment Summit in Abuja, followed by a June charter of an Air Peace 777 carrying 120 Nigerian entrepreneurs and policymakers to Basseterre. The Grenada signing, Montego Bay confirmation and Trinidad keynote now merge those earlier steps into a single infrastructure roadmap.

About Aquarian Consult

Aquarian Consult is a Nigeria-based advisory and investment firm specialising in trade facilitation, human-capital development and infrastructure. Through Gemini Integrated Commodities, the company designs and executes projects that connect African markets to global value chains, with a focus on Africa-Caribbean integration.

Trump’s Tariffs Hits Guyana, Trinidad & Tobago

BY NAN Business Editor

News Americas, WASHINGTON, D.C., Fri. Aug. 1, 2025: Trump tariffs are back – and this time, two Caribbean nations are feeling the heat.
U.S. President Donald Trump announced new 15% tariffs on goods from Guyana and Trinidad and Tobago as part of his escalating trade offensive targeting dozens of countries. The move has sent shockwaves through the region’s manufacturing and export sectors, particularly among businesses already struggling with supply chain costs and market uncertainty.

In a sweeping move that caught many small economies off-guard, the Trump administration on Thursday re-imposed tariffs on goods from over 70 countries, including Guyana and Trinidad and Tobago, as part of a renewed effort to close America’s trade deficit. Effective immediately, both Caribbean Community (CARICOM) countries will face a 15% reciprocal tariff on their exports to the U.S.

FLASHBACK – U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Touting the event as “Liberation Day”, Trump is expected to announce additional tariffs targeting goods imported to the U.S. (Photo by Chip Somodevilla/Getty Images)

The new tariffs come just weeks after a temporary 90-day reprieve on harsher duties, including a previously proposed 38% rate on Guyana, which had sparked diplomatic backlash. While the rollback to 15% softens the blow, the impact remains severe – particularly for niche exporters in Guyana’s timber and manufacturing sectors and Trinidad’s energy and petrochemical producers.

“This is going to have devastating effects on us,” Howard Bulkan, a Guyanese exporter who sells over 60% of his company’s wallaba roof shingles to U.S. buyers told Demerara Waves. “We’ve been absorbing the 10% tariff since earlier this year. A 15% rate is not sustainable. We’ll now have to consider shifting to European markets.”

A Blow To Value-Added Exports

For Guyana, the tariff hike comes at a precarious time. While the country is experiencing rapid GDP growth driven by offshore oil production, its non-oil sectors have been working to diversify and expand exports of value-added goods like wood products, furniture, and agro-processing.

Industry leaders say the U.S. tariffs threaten to undercut those efforts. “That’s going to hurt,” said Ramsey Ali, President of the Guyana Manufacturing and Services Association (GMSA) told Demerara Waves. “We’ll be meeting to assess the fallout, but this clearly impacts competitiveness.”

The U.S. had long been a zero-duty market for many of these products. With freight costs and logistics already straining Caribbean exporters, the added 15% tariff could result in a compounded cost increase of 20–25%, potentially pricing them out of the market.

In Trinidad and Tobago, where petrochemicals, ammonia, and manufactured goods make up the bulk of exports to the U.S., the new tariff could raise costs across supply chains – affecting trade with U.S.-based industrial and construction sectors.

Political Optics vs. Trade Realities

Trump’s move – just a day before his August 1 deadline for trade deal renegotiations – is being billed by the administration as a “reciprocal tariff adjustment.” But critics say it disproportionately harms smaller economies with limited trade leverage and minimal market intrusion.

“The tariff math makes no sense,” said Bulkan. “We’re being penalized for oil exports, even though our wood products aren’t competing with U.S. goods.”

Guyana Vice President Bharrat Jagdeo confirmed ongoing talks with the U.S. Trade Representative, saying Guyana remains hopeful that the duty could be lowered to 10% through bilateral negotiations.

“We’re happy it’s not 38% anymore,” Jagdeo told Demerara Waves. “But we are still working to bring it down further.”

Risk of Market Realignment

The longer-term risk, analysts say, is that Caribbean exporters may permanently pivot away from U.S. markets – opening the door for China, Europe, or South American buyers to step in.

Several GMSA members are already eyeing European buyers as a fallback. But switching markets isn’t simple – it requires new certifications, trade relationships, and logistics chains that many small and mid-sized exporters are ill-equipped to build quickly.

For now, the region’s manufacturers are scrambling to recalculate costs, renegotiate contracts, and brace for a rocky export season.

Could Exxon’s Return To Trinidad Spark An Oil And LNG Boom?

News Americas, PORT OF SPAIN, Trinidad, Mon. July 28, 2025: After more than two decades, ExxonMobil may be heading back to Trinidad — and the implications could be huge for the country’s oil, LNG, and energy services sectors.

The U.S. energy giant is reportedly in advanced talks with the Trinidad and Tobago government to explore up to seven deepwater offshore blocks located off the island’s East Coast. These blocks sit just north of the Guyana-Suriname basin, where Exxon has made over 30 major oil discoveries since 2015.

The negotiations are occurring outside of Trinidad’s current deepwater bid round, which closes in September 2025 – a legal move allowed under Trinidad’s energy framework. This strategic re-entry suggests Exxon sees new potential in Trinidad’s offshore reserves, long considered mature but underexplored at ultra-deep water depths. “If all goes well, I will be able to make a very positive announcement,” said Energy Minister Roodal Moonilal, signaling the government’s optimism about a landmark deal.

A Regional Energy Reset?

Exxon’s return could mark a turning point not just for Trinidad, but for the wider Caribbean’s upstream energy future. With natural gas as the country’s main revenue driver, a new wave of exploration could revitalize LNG exports, feed petrochemical industries, and inject much-needed momentum into the energy services and supply chain ecosystem.

Trinidad is already home to Atlantic LNG, one of the largest gas processing and export hubs in the Western Hemisphere. However, gas production has declined in recent years. A successful Exxon deal could help reverse that trend — especially if paired with joint ventures and long-term offtake agreements.

The move also aligns with shifting global energy dynamics. As Europe and Asia look to diversify energy supply chains, Caribbean gas is back on the map, particularly from politically stable nations with ready infrastructure.

For Investors: Signals to Watch

Deepwater Expansion: If finalized, this deal could pave the way for more international oil companies (IOCs) to revisit Trinidad’s basins.

Supply Chain Rebound: Local services, logistics, and fabrication firms stand to benefit from new offshore activity.

Regional Synergies: With Exxon already dominant in Guyana, its return to Trinidad could spark cross-border energy coordination.

So — could Exxon’s return ignite a new boom?

If talks succeed, the answer may be yes — and Trinidad could once again become a leading energy hub in the Caribbean and beyond.

Could CARICOM’s Green Finance Framework Unlock Billions In Climate Investment?

News Americas, GEORGETOWN, Guyana, Mon. July 28, 2025: In a bold step toward climate-aligned growth, the Caribbean Community, CARICOM, and the International Finance Corporation, (IFC) have partnered to launch a regional green finance taxonomy – a move that could unlock billions in private capital for sustainable infrastructure, clean energy, and resilience projects across the Caribbean.

The framework, introduced on June 18, 2025, defines what qualifies as a “green asset” in the English-speaking Caribbean. It aims to standardize how banks, investors, and governments assess climate-related financing – a necessary step as the region works to close a projected $55 billion climate finance gap by 2030.

The taxonomy will:

Help scale green lending and investment pipelines.

Support ESG-aligned projects in renewable energy, water, transport, and agriculture.

Boost the region’s access to climate funds and sovereign green bond markets.

“It’s about translating ambition into bankable action,” said an IFC regional spokesperson. “This framework will help the Caribbean speak the same green finance language as global markets.”

Small Island Developing States, (SIDS) in the Caribbean remain among the most vulnerable to climate shocks – yet are among the least responsible for global emissions. This taxonomy gives them a path to attract global climate capital on clear and credible terms.

So, could this be the key that unlocks the region’s climate investment potential?

If adopted across CARICOM member states, the answer may be yes – especially as global investors sharpen their focus on sustainability, transparency, and high-impact emerging markets.

Aspida Re Expands Global Footprint With Strategic Reinsurance Transaction in Japan

News Americas, DURHAM, N.C., July 22, 2025: Aspida Life Re Ltd (“Aspida Re”), a Bermuda-based life and annuity reinsurance company, announced the execution of its second reinsurance transaction in Japan, effective June 1, 2025. This milestone marks a significant step in Aspida Re’s ongoing strategy to expand its global footprint and deliver innovative reinsurance solutions to life and annuity insurance partners worldwide.

The transaction was completed with a highly rated Japanese life insurance carrier (“Company”). Aspida Re, rated A- (Excellent) by AM Best, will reinsure new or incoming flow business. The reinsured product is a Japanese yen (JPY) denominated fixed annuity, highlighting Aspida Re’s ability to manage foreign exchange risk and deliver tailored solutions to its cedents.

“This transaction is highly strategic for Aspida Re,” said David Florian, CEO of Aspida Re. “It reflects our deep commitment to the Japanese market and our broader vision of supporting insurers around the world with innovative, capital-efficient reinsurance solutions.”

Aspida Re’s continued growth in Asian markets demonstrates its agility and expertise in navigating complex regulatory and financial environments, while reinforcing its role as a trusted partner in the global reinsurance landscape.

“We are excited to secure our second Japanese reinsurance agreement,” said Jon Steffen, President and Chief Actuary of Aspida Re. “Our flexibility and customized solutions allow us to provide significant advantage to clients and partners, no matter their location.”

To learn more about Aspida Re, visit aspidare.bm.

About Aspida Re

Aspida Life Re Ltd (“Aspida Re”), a Bermuda-based reinsurance platform, is focused on providing efficient and secure life and annuity reinsurance solutions to its global clients. Aspida Re seeks to be a trusted partner in its clients’ long-term financial growth by delivering creative, customized solutions while driving business by doing good for the communities it serves. Aspida Re is part of Aspida Holdings Ltd, with over $23.1bn in total assets as of March 31, 2025. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions, and corporate development partner to Aspida Re. For more information on Aspida Re, please visit www.aspidare.bm or follow them on LinkedIn.

MODEC Deepens Guyana Bet as Exxon Expands Output

By NAN Business Editor

News Americas, GEORGETOWN, Guyana, Mon. July 21, 2025: Japan’s MODEC is doubling down on Guyana’s booming offshore oil sector with a strategic new hub in Georgetown, underscoring the South American nation’s emergence as a critical node in global energy supply chains.

The move by the Tokyo-based offshore engineering giant comes amid a broader regional realignment, with Asian, American, and European stakeholders racing to entrench themselves in what has become the world’s fastest-growing oil frontier.

MODEC’s new office is set to create and sustain more than 160 local jobs, with additional workforce opportunities expected during its operational ramp-up. Beyond job creation, the company’s investment signals a long-term industrial footprint that integrates Guyana more deeply into the global offshore production ecosystem.

“This is not a company dipping its toes in the water,” said Guyanese Minister of Tourism, Industry and Commerce Oneidge Walrond. “MODEC has come with purpose, promise, and proven performance.”

Strategic Commitment Amid Rising Output

Earlier this year, MODEC secured a high-profile contract from ExxonMobil Guyana to construct its second Floating Production Storage and Offloading (FPSO) vessel for the Hammerhead project—projected to process up to 150,000 barrels per day.

With Exxon’s oil production in Guyana expected to surpass 1.3 million barrels per day by 2027, MODEC’s growing role signals that Japan is positioning itself not just as an offshore contractor—but as a long-term industrial partner.

“Guyana’s human capital is an asset,” MODEC Group CEO Hirohiko Miyata said at the launch. “We are 100 percent committed to developing local content.”

Geopolitics, Green Tech, and Japanese Stakes

The Hammerhead FPSO will be one of the most technologically advanced vessels deployed in the Western Hemisphere, outfitted with combined cycle gas turbines to reduce emissions—an innovation aligned with Japan’s energy efficiency push and global decarbonization goals.

That investment in greener offshore production also dovetails with Japan’s strategic interest in diversifying its energy partnerships beyond the Middle East, particularly as global shipping routes and geopolitics become increasingly volatile.

Local Content Law Bears Fruit

Guyana’s 2021 Local Content Act is already reshaping the investment landscape. With over $1.5 billion in contracts awarded and more than 1,100 local firms engaged, the law has pushed foreign operators to embed themselves into the local economy—transforming Guyana from rentier state to industrial stakeholder.

MODEC’s presence reflects that shift. “We welcome MODEC not just as a contractor,” said Walrond, “but as a partner in nation building.”

The company’s website shows a number of open posts HERE