Managers of Wealth Offshore

Cayman funds industry continues to grow

Hedge fund performance was negative across all regions

Launching Pensions & Incentives!

ZEDRA launches this offering as the UK pension trustee and governance services sector is undergoing significant changes and facing challenges that will require dedicated effort and investment from long term owners.

Caribbean warning over talent pool

Zia Paton, digital services leader, PwC in the Caribbean, said businesses must do more to improve the skills of workers and adapt to build the teams needed to successfully deal with the challenges and opportunities of the future of work, including digital

Davies completes purchase of Asta Capital

The Asta executive team will invest in Davies, becoming shareholders as the firm embarks on its next phase of investment in digital transformation, innovation, and growth.

AM Best affirms StarStone’s A- rating

AM Best expects risk-adjusted capitalisation for both entities to remain at the strongest level over the medium term, based on their run-off plans.

Covéa Group closes $9 billion purchase of PartnerRe

In conjunction with the close of the sale, Thierry Derez, chief executive officer of Covéa Group, will replace Brian Dowd as chairman of the company’s board of directors.

Channel Islands offer faster route to market - claim

“It’s also easier for a first-time manager without a track record to get funding, and that drives innovation too.”

Athora to acquire €19bn book of business from AXA Germany

Prior to closing of the transaction, AXA Germany will transfer the portfolio and its associated balance sheet to a company which will be acquired by Athora Germany and integrated under the Athora brand.

2022 IoD Jersey Director of the Year Awards open for nominations

The Awards, sponsored by Appleby Jersey, are an opportunity to recognise the directors of organisations small and large, who are helping to lead their teams through the fall-out of Covid and the current economic difficulties.

Covéa Group closes $9 billion purchase of PartnerRe

“It gives access to enhanced diversification in terms of product range, business lines and geographies in which the group operates, thus strengthening its position across the entire risk management value chain,” Covéa said.

JTC Ireland moves to brand new Dublin office

Ireland is an attractive jurisdiction due to its well established financial services industry and forms an important strategic role for JTC, which is a listed FTSE 250 company on the London Stock Exchange.

Mosaic’s transactional liability unit hits $100m in GWP, makes promotions

The division’s Stavan (Stav) Desai has been promoted to Head of Americas, and Katherine Spenner becomes its global chief legal officer.

Assured Guaranty maintains AA rating

The commentary came as Assured Guaranty’s AA financial strength rating was affirmed with a stable outlook.

Firm promises investment for the region

He gave the assurance that any projects done in the region will benefit local businesses and communities, while helping countries to achieve aspects of their UN Sustainable Development Goals.

Antigua US$200m bond back on track

“Clearly, we did not lie to the people of Antigua & Barbuda. It was oversubscribed and what we are seeking to do here is to get the best deal,” he added.

Gallagher Re reveals challenges facing Lloyd’s

Positive trajectories in “attritional” loss ratios are also evident, according to the report.

BDA Supports Return of High-Net-Worth Services Events

Since supporting the high-net-worth services sector is one of the BDA’s key strategic priorities

SiriusPoint Partners With Alta Signa

Alta Signa has an experienced and highly qualified leadership team, with deep insurance relationships and a proven track record of delivering underwriting profitability.

Bermuda graduates named inaugural ABIR scholars

The aims of the partnership are to strengthen the pipeline of local talent into the re/insurance industry and to attract future Bermudian leaders from diverse backgrounds.

Major jump in ICBL profits

At the end of 2020, ICBL’s after-tax profit stood at $4.3 million, however, at the end of 2021, the company’s profits jumped to $21.2 million.

AIM and Hedge Funds