Managers of Wealth Offshore

James River posts Q1 profit of $7m

E&S segment renewal rates increased 8.9 per cent, with all underwriting divisions reporting positive pricing increases.

Fortitude Re and Lincoln Financial in $28bn deal

Fortitude Re describes itself as Bermuda’s largest multiline insurer and is backed by the Carlyle Group and T&D Insurance Group.

RenRe enjoys robust Q1 despite GWP shrinking

The GWP on the casualty side shrank even more – by 7.1%

Strong first-quarter start for Everest Re

The combined ratio was 90.8 per cent for reinsurance and 92.4 per cent for insurance driven by improved pricing and lower catastrophe losses year-over-year.

Excellent credit ratings for Aspida Life Re

Aspida Re currently maintains the strongest level of risk-adjusted capitalisation

Foundation launched to promote economic growth

Global Atlantic Financial Group is an insurance company meeting the retirement and life insurance needs of individuals and institutions.

First Central awarded UK’s ‘Best Workplaces’ recognition

Michael Lee, Group Chief Executive Officer, said: “I’m proud to see that we’ve been recognised in the UK’s Best Workplaces."

Japan networking proves positive

Deputy Nick Moakes, representing Guernsey's Committee for Economic Development, recently attended two events in London.

Arch profits soar, reinsurance unit sees robust growth

Growth reflected increases in most lines of business, due in part to new business opportunities, increases in existing accounts and rate changes.

Markel posts solid Q1 profit driven by ‘three engines’

Its net investment gains and losses were $372 million, compared with a loss of $358 million a year earlier, which reflected an increase in the fair value of its equity portfolio resulting from favourable market value movements.

KPMG celebrates 50 years in Jersey

KPMG is celebrating fifty years of operating in Jersey.

First quarter profit higher for Arch Capital

Pre-tax current accident year catastrophic losses for Arch’s insurance and reinsurance segments, net of reinsurance and reinstatement premiums, was $79 million.

Axis Capital posts Q1 profit of $173 million

Operating income was $200 million, compared with operating income of $180 million in the prior year quarter.

Virtu, Francis Busuttil to acquire 70% holding in Malta Mediterranean Hub

Virtu Holdings and LTV Developments to acquire 70% shareholding in MMG Group from owner Paul Abela

The Vision Behind Oak’s Rebrand

When we relaunched Oak’s vision this year, we were clear from the start that we wanted to run a business of which we could be proud

New Lloyd’s private equity fund

This builds on the investment partnership announced last year with Schroders Solutions, part of the Schroders Group.

Manulife considering move from Bermuda to Asia

Mr Graham said the Hong Kong government and the insurance industry there were “lined up” to make the redomiciling happen.

UK comms giant proposes move to Bermuda

The proposed transaction will have no change to our listing on Nasdaq, our day-to-day operations or the tax residence of our operating companies...”

Howden raises funds to target M&A and talent

Peter Blanc, executive chairman of Howden UK&I, will now take on the new role of head of M&A, reporting to David Howden, CEO Howden Group.

Nabors swings back to Q1 profit

Results for the fourth quarter of 2022 included a mark-to-market charge of $36 million, or $3.98 per diluted share, for the warrants.

AIM and Hedge Funds