Managers of Wealth Offshore

Guernsey's inflation rate continues to fall

The biggest quarterly increase was seen in the fares and other travel costs group, which increased by 3% due to increases in the costs of car hire, ferry and air fares.

Inflation continues to fall, slowly

Malta's inflation is below euro area average

Employee engagement in contemporary hybrid working: how to maintain it?

Maintaining employee engagement in today's hybrid modes of work is based on the awareness of how to manage teams and their workspaces

Slight rise in unemployment in Jersey

Figures remain significantly lower than they were before the pandemic when numbers of job seekers were around 200 higher than at present.

Time, Change and Why Stability Matters

Stability has long been one of our core strengths

Jersey Private Funds

A quick and user-friendly introduction to the Jersey Private Funds regime.

Public Sector employment up by 26.9% in 11 years

The public sector employs 50,808. In 2013 it employed 40,608

19,287 new jobs created in 2024, new data shows

Labour supply, excluding part-timers, grows by 7.2%

Convex outlook upgraded to positive

The ratings agency made the prediction – along with projected profits of between $400 million and $500 million in 2024 and 2025 – while increasing its outlook on the re/insurer to positive from stable.

Accredited ratings remain under review

AM Best made the announcement after it emerged that R\&Q was considering an alternative approach to selling the company to Canadian private equity investment firm Onex.

Push and Pull

Nicola Le Brocq, Director – Funds and Corporate, at Jersey Finance, discusses the importance of fostering an ecosystem fit for the future

Seven charities to benefit from Saffery Trust Client Service Awards

Seven individuals this year received a gift voucher, and a £100 to donate to a local charity of their choice, aligned with the firm’s responsible business commitments.

Insurer’s 2023 worse than expected in 72% profit fall

The international reinsurance market continues to suffer from a lack of capacity.

AM Best revises global reinsurance outlook to positive

Reinsurance books for the largest players continue to expand owing to a combination of higher reinsurance rates, flight to quality and increased demand.

Half of UK lawyers want profession to self-regulate on using generative AI

A smaller percentage of UK lawyers say that the government should regulate their use of AI, with 36% of lawyers in UK firms and 44% of UK in-house lawyers holding that view.

BILTIR releases new report on Bermuda insurance industry

The report also details the regulatory environment that the Bermuda Monetary Authority (BMA) has created over the past 55 years to strengthen policyholder protections.

Rise in fraud and scam complaints, report says

CIFO's annual report said it was able to close 343 cases in 2023, an increase on the 309 cases closed in 2022.

Financial analysis: The dividend league table returns

In recent months, most companies not only reinstated dividends but hiked dividends to the highest level in a long number of years

Ratings of bank captives affirmed

The outlook of these credit ratings is stable.

Bahamas’ financial services sector boosts government revenue by 7.2 percent in 2023

The financial services sector in The Bahamas plays a crucial role in the economy, contributing approximately 10 to 15 percent of the country’s Gross Domestic Product (GDP), making it the second-largest contributor to the economy.

Comment, Analysis & Research