Managers of Wealth Offshore

80% of Investors View Venture Capital as Overvalued — Preqin Reports

Allocations to hedge funds are likely to increase, while higher-risk venture capital and private equity allocations are likely to suffer

BF&M posts H1 net loss of $12m

Net income from operations after excluding the negative fair value movements in investments was $4.3 million versus $13.3 million in the first six months of 2021.

Enstar prepares to exit catastrophe business

The agreement will eliminate Enstar's direct exposure to catastrophe business, resulting in an approximate $62 million increase in Enstar's book value.

Rebranded MFS Capital closing in on two acquisitions

We currently have a pipeline of targeted acquisitions that we believe will result in attractive and sustainable long-term growth for the company and for shareholder value

IGI posts solid results as CEO flags attractive rate increases

We continue to see attractive rate increases and favorable market conditions across a number of business lines and territories providing excellent opportunities to further grow our portfolio.

Jersey publishes house prices report for Q2 2022

The mean price of all other property types increased compared with the previous quarter.

IoD Guernsey Convention to navigate ‘new order’ of geopolitical risk

As a respected expert on international relations, Dr Piccoli is often invited to appear on major TV networks and is frequently quoted in the Financial Times, Bloomberg, and Reuters.

Q2 profit for Bermuda ship-owning company

The company reported the sale and delivery of two 2004-built very large crude carriers and a 2003-built feeder container ship in the quarter, generating approximately $13.2 million in book gain.

Bank of The Bahamas records $8.1 million net income increase

According to Braithwaite, this increase was primarily due to the increase in the bank’s total operating income of $5 million

BF&M unveils timing of succession plan

Group CEO John Wight, who has been president and CEO of BF&M since 2005, will retire on August 31 of this year.

Captives conference to focus on ESG

The panel discussion will address the possibility of captives covering uninsured risk in the ESG space and how parent company ESG initiatives could affect captive structures and operations, as well as Bermuda's responsibility in the ESG framework.

‘Exceptional’ Tahj Cox and Brianna Smith awarded scholarships

Two Bermudian students have been awarded a combined $55,000 in educational funds as part of Butterfield Bank’s annual scholarship programme.

Apex Group acquires US Real Estate services firm SandsPoint Capital Advisors

This strategic acquisition serves to further strengthen Apex Group’s offering for clients in the North American market and enhances its ability to offer a comprehensive and high-quality service to all client segments delivered by over 850 employees

Compre acquires med mal book in first deal since Bermuda move

The portfolio transfer includes the entire hospital liability book of Baloise unit Basler Sachversicherungs in Germany with provisions of around €200 million.

Savills’ first half of 2022 shows strong performance

The results show a strong performance, which is comfortable ahead of pre-Covid levels

AM Best affirms Rembrandt’s financial strength rating

AM Best expects Rembrandt’s risk-adjusted capitalisation to remain comfortably at the strongest level

More Guernsey properties sold, faster sales and at higher prices

The average time between a local market property becoming available for purchase and its subsequent sale has been decreasing since the second quarter of 2018.

US Update - Jonny Gamble, August 2022

The US market represents many opportunities for Guernsey

Bermuda shows challenges of M&A, says Fitch

M&A transactions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and heightened catastrophe losses linked to climate change, he said.

Maiden posts Q2 net profit of $25.8m

The company no longer presents certain non-GAAP measures such as combined ratio in its news release or its quarterly reports

AIM and Hedge Funds