Managers of Wealth Offshore

R&Q credit rating downgraded

AM Best said it would keep Accredited’s ratings under review until after the sale of Accredited was completed.

A comprehensive CFO advisory partner

KPMG Malta strengthens its financial accounting service offering

Fidelity forms Bermuda long term reinsurer

The BMA also special purpose insurers Stabilitas Re and Mayflower Re, both of which are catastrophe bond vehicles.

Crestbridge’s institutional business acquired by Gen II Fund Services

The transaction is expected to close in due course following customary regulatory approvals.

JMMB expects interest rates to fall by year end, hopes to ease profit pressure

The company’s capital base also dipped over the course of the year, from $55.6 billion to $53.3 billion.

Gen II Fund Services Initiates Major European Expansion with Acquisition of Crestbridge’s Private Equity and Real Estate Fund Administration Business

Acquisition Will Expand Gen II’s Private Capital Servicing Capabilities in Key European Jurisdictions and Increase Assets Under Administration to More Than $1 Trillion.

Record number of interns take part in Biltir programme

This year’s program will feature an inaugural introduction session by the Bermuda Monetary Authority.

AXA considering selling XL Re - report

AXA, which bought XL Capital for $15 billion in 2018, declined to comment.

Apex Group adds significant real estate and proptech capabilities

Announces Retransform acquisition and JV with The Annet Group

Brookfield Re share price improves

The shares dropped to $31.83 when Brookfield announced its bid on June 27 before recovering and then fell back to $31.91 after announcing the bid had been accepted.

Essent Group completes $100m acquisition of title insurers

The purchase, which was carried out by Essent US Holdings from FoA subsidiary Incenter, was previously announced on February 2, 2023.

Helen of Troy net income declines by $2 million year-over-year

Consolidated gross profit margin increased 380 basis points to 45.4 per cent, compared to 41.6 per cent.

Labuan IBFC Inc. participates in market development seminar organised by CCB

The Centre was joined by key personnel from leading banks at the seminar which was organised by China Construction Bank (CCB) Shanghai and CCB Labuan.

Apex Group appointed by PAPE Fund Managers

Apex Group’s experienced local team will provide Fund Accounting, Investor/LP servicing, Cash Management and Regulatory Reporting solutions.

Fund launched for environmental projects in Guernsey

It aims to support local organisations that are actively working to minimise their own or the community's impact on the environment.

NZIA pulls back on required emissions reduction

The change in tack follows a tumultuous few months for the UN-convened programme that was launched at the G20 Climate Summit in Venice in 2021.

Maldives' usable reserve drops to USD148 million

While the state's usable reserve has fallen to USD 148 million this year, it had fallen to USD100 million in August last year.

Record cat bond and ILS issuance

Mr Adderley was sceptical of industry talk of rate softening in the reinsurance market.

Bahamas ‘not tapped out’: FDI inflows at $1.3bn high

FDI increased slightly from $1.185bn in 2021 to $1.255bn, reaching the highest level since 2017.

Lenders asked to support Islanders facing mortgage increases

Options could include extending the term of mortgages to reduce monthly payments

AIM and Hedge Funds