Managers of Wealth Offshore

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

Financing Renewable Energy Projects in Saint Kitts

The goal is to generate 35% of the country’s energy from renewable sources by 2025, and 60% by 2030.

Orchard receives national Mark of Excellence

The firm's growth and success is attributed to the agency’s strategic framework

Eiffel Re catastrophe bonds listed on BSX

A statement on the BSX said the series 2023-1 class a principal at-risk variable rate notes due on January 19, 2027 are valued at €150,000,000 or $163 million.

Cork Gully expands Channel Islands footprint with new Guernsey and Jersey offices

The firm advises public and closed companies as well as investment funds in financial distress.

US life insurer accepts Brookfield Re buyout

Brookfield Re said it expects to maintain AEL’s headquarters in Des Moines, Iowa

SiriusPoint and Compre complete $1.3bn loss portfolio transfer

It demonstrates decisive and continuing execution against our strategic priorities of simplifying our business, reducing future volatility, and improving the profitability of our company.

R&Q Insurance posts pre-tax operating loss of $33.3 million

The company said the result was impacted by $32 million of adverse development and the transition to a fee-based revenue model at R&Q Legacy.

Maximising efficiency and profitability

The benefits of a Cloud Unified Commercial Environment (POS)

'Strata' Property: What are they and how do they work?

In the Cayman Islands, a strata property refers to a specific type of ownership where the individual units within a larger building or development are owned by the buyer.

Fidelis nets $90m from IPO

The shares closed at $13.81 yesterday. US stock markets are closed today for US Independence Day.

AIM and Hedge Funds