Managers of Wealth Offshore

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.

Uncertainty meets stability: UK trends with Jo Kitcat

Current industry challenges include fund raising and exit issues, and in the listed space, liquidity and size issues.

BML expands services at K. Maafushi branch

The branch houses an ATM center for round-the-clock access to cash withdrawals, deposits as well as transfers

Free reinsurance course attracts record number of people

More than 700 people enrolled, including students, career shifters and others interested in learning more about the industry.

‘Approaching a new, more normal, economic cycle’ according to Julius Baer’s Head of Research

The high-inflation era may be slowly coming to an end globally, with economic growth due to improve by 2025.

AM Best affirms ratings of Bermuda’s Athora Life Re

The outlook of these credit ratings is stable.

Redefining quality of life: London financier's fresh start in Guernsey 

There's an incredible quality of life and the ability to strike that perfect work-life balance.

Comment, Analysis & Research