Corb7 International August 3rd, 2022 Newsletter

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International Business 

Editor's Note

Tribute to an Icon

Bill Russell passed away over the weekend at age 88.  As many kids growing up inside the United States in my era, we played a lot of basketball and looked up to the legends of the National Basketball Association of the late 1960s and 1970s.  No one had a bigger presence than Bill Russell, and even though I only remember the end of his career, he was one of my personal all-time favorite basketball players.  About 15 years ago while working as the Publisher & Editor for our magazine, I had the opportunity to interview him over the phone which was truly a thrill. If you have an interest, below is a link to that interview where talks about the first time he met Dr. J, how his Celtic teams had the Lakers number, and his friendship with NBA icon Jerry West.  

There have been very few athletes in the history of sport as synonymous with winning as him.  A truly legendary man and basketball player.  As a college player, he averaged 20 points and 20 boards in three seasons winning two NCAA Championships – at that time freshmen were not allowed to play varsity sport.  He then captained the gold-medal winning U.S. national basketball team at the 1956 Summer Olympics. As a Celtic, he became the most dominate defensive center of all-time, once grabbing 51 rebounds in a single game. In total, he won the 11 NBA championships in 13 years with the Boston Celtics and became the first African American Head Coach in any major US sport.  

Personally, I will remember Bill as a gentleman who could not have been nicer to me during our brief encounter.  BTW - he would insist that you call him Bill and not Mr. Russell which he politely corrected me from doing. RIP Bill.

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International Business 

Business Psychology

Tips to Boost Mental Wellness

The most successful health care regimens incorporate a number of variables to help individuals achieve optimal health. Physical health garners considerable attention when developing a health care regimen, but it's equally important that individuals prioritize mental health as well.

Mental health has garnered considerable attention in recent years, and that's not solely a byproduct of the pandemic. Prior to the onset of the pandemic, in 2019 the World Health Organization launched the WHO Special Initiative for Mental Health (2019-2023). That's an effort to ensure access to quality and affordable care for mental health conditions in 12 priority countries. The WHO initiative reflects the growing recognition of the importance of mental wellness and its role in overall health.

Protecting mental health and boosting mental wellness can have a profound impact on individuals who are struggling with stress, anxiety and depression. The National Council for Mental Well-Being recommends these strategies to boost mental wellness and protect mental health.

· Express your feelings. Individuals should not feel the need to keep their problems to themselves. Speak with someone you trust about your feelings and share details of any problems you may be having. Keeping feelings bottled up inside can compound issues that are already adversely affecting your mental health.

· Establish boundaries. Individuals should not feel compelled to engage in activities they don't enjoy or no longer want to do. It's everyone's right to say "no," and exercising that right can improve mental health for individuals who routinely find themselves saying "yes" to activities they no longer enjoy. For example, many working professionals may feel compelled to respond to work emails long after quitting time. That can have an adverse effect on mental health by making individuals feel as though they're constantly working. Answering emails only during working hours can provide the mental break individuals need to unwind and relax.

· Recognize the role physical health plays in protecting mental health. The National Council for Mental Well-Being notes that physical self-care helps individuals manage symptoms associated with mental health challenges. Eating right, exercising regularly and getting enough sleep can help individuals overcome mental health challenges and reduce risk for conditions such as anxiety and depression.

· Find a healthy hobby. A healthy hobby can quell boredom and serve as a coping mechanism when issues like stress and anxiety begin to feel a little overwhelming. A healthy hobby can serve as a distraction and provide a getaway when individuals feel as though their mental health is suffering.

· Don't hesitate to seek help. Individuals have no issue visiting their physicians when they experience physical symptoms of illness or injury. That same lack of hesitation should be present when mental health issues arise. Mental health professionals can provide the same valuable services for mental health that physicians do for physical health.

Strategies to protect mental health is are important components of health care regimens. Individuals can learn more at mentalhealthfirstaid.org 

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International Business 

  Cross-Border Business 

Bermuda Captive Insurance Conference

September 12-14th

Review
A captive is defined as an insurance company established in an offshore jurisdiction, created and controlled by either a parent company or professional association through which their own risk is insured. Those insured risks are frequently re-insured through a large multinational carrier.

The cost of insurance represents a considerable expense for most businesses. In recent years, premiums have skyrocketed leading many professionals to explore creative cost reduction strategies. One imaginative – yet proven – strategy is the use of wholly-owned subsidiaries to meet insurance needs which can control or even cut expenditures. Captives can be established to self-insure part or all of property loss, product liability, work compensation, malpractice and virtually any other coverage. Consequently, the driving force behind the move to offshore captive insurance extends virtually across all industries including, but not limited to: medical malpractice, workers compensation, manufacturing, financial, energy-related, and real estate developers, just to name a few. Over 350 of the Fortune 500 companies in the United States have insurance captives. As a result, Captive Insurance Companies have become a growing and significant sector of the global insurance industry.

Benefits:
1. Instances when insurance cannot be purchased from commercial insurance companies for a business risk. In many instances companies within an industry form a joint captive insurance company for that reason.

2. In very specific cases, premiums paid to a captive insurance company may be deductible as a business expense for tax purposes according to the Internal Revenue Service. It is important to note that the IRS has established very strict guidelines to qualify for tax benefits and the use of a professional is critical.  The rule of thumb is that the insurance company will need to be adequately capitalized and offer sufficient third party (non-related) insurance to qualify.

3. Insurance can be obtained through the international reinsurance market at a more favorable premium with higher limits of coverage.

4. Investment returns can be obtained directly on its invested capital.

Bermuda
Bermuda stands as the world's leader in Captive Insurance.  As such, their annual conference is consider one of the most important in the industry.  

Conference Information

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International Business   

Business Etiquette  

Topics to Shy Away From

by Candace Smith
The Etiquette Blog
Candace Smith Etiquette

When I ask students which conversation topics they advise themselves and others to avoid at gatherings their answers rarely differ. “Religion, politics, and money,” is the typical answer.

My students are on target here. Of all the conversation topics we might choose, those three are the most emotionally charged topics for many people. Also, they are the subjects people are most willing to judge others by. And once an opinion has been formed about someone, it is very difficult to change.

The Purpose of Conversation

Engaging in conversation is something we do daily, and without giving it much thought. This mindless act allows us to share information and build relationships.

But when we make it a mindful act, a simple conversation makes someone feel seen and heard. Their thoughts and opinions are acknowledged, and they feel respected. Many times, this can occur before you even move on from small talk!

If you consider the purpose of a conversation to bring people together, and act from that place when communicating with someone, you will automatically create connections with others.

When to Exclude Conversation Topics
A first impression is, many times, a lasting impression. Certain social situations and networking for professional purposes create circumstances where you need a first impression to be a very good one.

Particularly when meeting someone for the first time, the consensus is to keep conversation topics neutral and express general opinion when called for. This may seem inauthentic, but the reality is that you don’t really know the person to whom you are speaking. You may not know where they work, who they are related to, or where they live. Going all in before any sort of relationship is formed could not only be offensive, but it could also damage any potential social or business rapport.

Even as you get to know someone as a trusted business colleague or new friend, test the water before diving into a detailed conversation about political views or religious beliefs. There may be a need to agree to disagree before too much is said.

Topics to Avoid

As you enter a conversation with anyone, do so with open ears and an appreciation of the fact that there always are differences.
With that, what topics should you shy away from?

• Your opinions on the news or heated current affairs
• Gossip or harsh words about others or affiliated groups
• “Downers” or gloomy topics
• Off-color or inappropriate jokes
• Health issues
• Negative relationship issues
• Personal problems

The human tendency to stereotype is always with us, yet our better angels urge us, daily, to create harmony and extend good will in our families and communities. Avoiding emotionally charged conversation topics, as well as gossip or speaking ill of others, will help you communicate mindfully.

Another important aspect of mindful communication is listening. There is no way to “share” a conversation without it!

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Lifestyle    

Executive Fitness 

7 Important Benefits to Walking

It might seem too simple an activity to be real exercise but trust us walking is an outstanding exercise for both your physical and mental health. 

Individuals looking for a way to incorporate exercise into their lives need look no further than their own feet. Walking offers numerous health benefits to people of all ages, and it's particularly beneficial to fitness novices. Walking can facilitate a transition between inactivity and increased intensity for those who may have been away from exercise for some time.

According to Dr. Thomas Frieden, former director of the Centers for Disease Control and Prevention, walking is "the closest thing people have to a wonder drug." Any physical activity is a boon to personal health, and walking provides a host of benefits.

1. Strengthens bones: Walking can slow down the loss of bone mass due to osteoporosis. Arthritis.org notes that a study of postmenopausal women found that 30 minutes of walking each day reduced their risk of hip fractures by 40 percent.

2. Boosts cardio endurance: Regular walks can improve cardiovascular endurance, which can help people progress to more rigorous physical activity.

3. Burns calories: People can walk to burn calories and maintain or lose weight. The number of calories burned will depend on how briskly people walk, the distance they cover, their body weight, and the terrain on which they walk.

4. Improves cardiovascular health: The American Heart Association recommends adults get at least 150 minutes of moderate-intensity activity each week. Walking can fit that bill. Walking five days a week can reduce risk for coronary heart disease by roughly 19 percent, according to a report in the European Journal of Epidemiology.

5. Counteracts effects of weight-promoting genes: Researchers at Harvard Medical School looked at 32 obesity-promoting genes in more than 12,000 people who walked briskly for about an hour a day. Walking reduced the effects of weight-promoting genes by 50 percent.

6. Tame cravings: People who have a sweet tooth can take notice that walking may steer people away from overindulgence. A pair of studies from the University of Exeter found a 15-minute walk can curb cravings for chocolate and reduce the chocolate consumed in stressful situations. Walking also helped to reduce cravings for other sugary snacks.

7. Reduces joint pain: Walking improves blood flow and helps protect the joints. This can keep people from developing arthritis and other stiffness.

Walking has many health benefits that can support the entire body. 

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Lifestyle

 Spirits & Cuisine  

Pizza from Italy Delivered to Your Front Door!

The pizzas are flash-frozen and put to “sleep” using a state-of-the-art, patented cryogenic chamber.
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 "The Sleeping Pizza" is handmade and shipped to your front door from Naples, Italy.  Sourcing only the finest, all-natural ingredients from Southern Italy with no preservatives, no additives and no GMOS, they use first-of-its-kind technology.  This is where the nickname The Sleeping Pizza comes in: Within seconds of coming out of the oven, the pizzas are flash-frozen and put to “sleep” using a state-of-the-art, patented cryogenic chamber. The extremely low temperature preserves the pizza and all its fresh ingredients exactly as is ready to “wake up” in just 10 minutes when your craving for Italia calls.    

Talia di Napoli 

Click Here to Order 

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Lifestyle 

Leisure 

"The Terminal List"

Binge-watching has become a huge past time. 

If you are looking for an action series this summer that is well-written we would suggest “the Terminal List” on Prime Video authored by a former Navy Seal, Jack Carr. Mr. Carr is a New York Times best selling author and has written five different books featuring his main character, James Reece. We first became aware of Jack Carr while watching him be interviewed by Joe Rogan on his podcast several years ago.  He is a fascinating personality and if you like action mini-series with a dark twist “The Terminal List” is likely for you. 

Rumor has it that Mr. Carr is currently at work on his sixth action novel due out next year.  

Jack Carr on Joe Rogan

Jack Carr

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Lifestyle

Travel 

Monaco Grand Prix 2023

Luxury Experience

May 25-29, 2023

The F1 Monaco Grand Prix is considered the most exclusive race in the world. The city of Monaco is considered to be one of the wealthiest in the world with 1 in every 3 residents a millionaire!

Come Aboard a Super Yacht for an Extravagant Experience!! 

• Roundtrip Transportation to and from the hotel in Nice and Monaco Grand Prix on Saturday & Sunday
• 4 Nights of Accommodations in 2 rooms w/ two twin beds or 1 king bed in each at AC Hotel Nice. (Check-in on Thursday, May 25 and check-out on Monday, May 29, 2023).  The 4-Star hotel is ideally located a few steps away from the iconic Promenade des Anglais, its beautiful beaches, the city's most famous attractions and upscale shopping area.
• Access to a Super Yacht via a tender boat on Saturday & Sunday for a group of 4
• Yacht will be moored in Zone 1 of the harbor and benefiting from its 4 decks, you will enjoy the view as the cars as they come out of Tabac Corner, witness their exhilarating acceleration and grip as they move through the sharp bends of the swimming pool complex and into Rascasse. 

 
Hospitality on the Super Yacht Includes:
 

• Force Blue is 70 meter yacht with 4 decks that was refurbished in 2022 – maximum yacht capacity is 350 guests but total guests will be limited to 300 individuals
• All-day refreshments including an open bar with Champagne
• Continental breakfast, Canapes, and gourmet lunch
• Afternoon hors d’oeuvres with open bar
• Live entertainment with on board DJ’s, Saxophonist, and guest speakers
• As the yacht hospitality is unique to Monaco, the atmosphere and “Monaco Experience” is all about being on the Yacht!!  Like most F1 events, your view is limited to the track space in front of you.

 
 Total cost for a Group of 4 and 2 Rooms: $34,900, all inclusive of taxes and gratuities – Includes full operational support for the event.
 
*** Group of 4 with 4 rooms is: $43,900

Princeton Group is dedicated to providing you the best possible five-star experience. With over 35 years of direct industry experience, our team will work with you prior and during the event to ensure your event program is a stunning success!

For More Information

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Business Services

Acquisitions 

BUSINESS OPPORTUNITIES FOR SALE!

Corb7 International
"Think Seven Continents, Think a World of Opportunity"

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* 40-Year-Old Swiss Trust Company - SOLD
Established in the year 1982
Place of Incorporation Zug, Switzerland  

* 36-Year-Old Swiss Trust Company - SOLD 
Established in the year 1986
Place of Incorporation Zug, Switzerland  

* 60-Year-Old Swiss Trust Company - NOW AVAILABLE !
Established in the year 1962
Place of Incorporation Zug, Switzerland

Contact us at:  +1-310-601-3115 (Beverly Hills Office)

or Email: contact@corb7.com