Managers of Wealth Offshore

If Belize Bank has acquired Scotiabank Belize

The announcement wasn’t well received by all in Belize, and many, including the Belize Chamber of Commerce and Industry (BCCI), publicly expressed their concern about the merger.

An Attractive Alternative to Raising Capital: Acquisition IPO are SPAC

With private equity and venture capitalist investors looking at acquisition targets and searching for yield within an opportunistic environment, SPACs have become an appealing and increasingly popular alternative to the traditional IPO process.

Jersey’s Commercial and Cultural Connections with the US

There are contributions from several of our Member firms about recent US business they have undertaken, as well as interesting pieces on links between Jersey and the US away from the world of finance.

Companies and partnerships can now apply for HSBC Malta’s Fusion account online

Customers will only be required to have one face-to-face appointment with a Retail Business Banking (RBB) specialist in order to complete the process.

What South Africans Need To Know About Offshore Investing

In South Africa, there are three primary retirement provisions – pension funds, preservation funds, and retirement annuities – which are each funded in specific ways.

Hamilton Insurance Group launches Ada Capital

Willkie Farr & Gallagher LLP and Conyers Dill & Pearman Limited served as legal counsel to the company.

Gavin St Pier: Five things I’d do to STRENGTHEN links between Guernsey and Jersey

Deputy St Pier was Guernsey’s Chief Minister, who led the island’s response to the covid pandemic until he was ousted from the role following last month’s islandwide election, despite topping the poll.

Jersey publishes house price report for Q3 2020

More than double that in the previous quarter, Q2 2020, which had seen the lowest quarterly turnover for more than 7 years

HSCM Bermuda Takes Majority Stake in Florida Insurer

The transaction became effective on or about Nov. 12, 2020.

PartnerRe sees profits collapse in first nine months of 2020

This is inclusive of $28 million of COVID-19 related losses recorded during the third quarter, driven by financial risks lines as a result of the continued economic downturn.

Jersey businesses create digital transformation hub

Blue Llama is a creative digital agency that designs websites and delivers digital marketing services to SME clients.

Channel Islands Financial Ombudsman Annual Report 2019: A summary of key issues for Jersey pension schemes

Issues can arise, however, where a pension provider seeks an indemnity that goes beyond what may be considered fair and reasonable in the circumstances

A new landscape of opportunity

One of the most interesting markets at the moment is the UK.

Skipton attributes demand for property to Covid-19 lockdown

With only a 3% rise in average property prices over the past year, this should not add to affordability challenges given the rises were in line with average wage increases.

New $280 million pop music fund launches in Guernsey

This is the fourth fund for the firm and has been backed by M&G Investment Management as a cornerstone investor.

Snapshot: Could SPACs make a transatlantic leap?

The attractiveness of SPACs is, again, well-documented. It provides access to deals more often seen in private equity transactions, but with the benefit of the liquidity of public markets to exit at the time of your choosing, not the PE fund's.

Jersey Finance Announces Industry’s Rising Stars

Showcasing the industry’s support for young professionals, the awards have proved popular amongst local finance firms, with over 150 professionals between the ages of 16 to 30 nominated and over 25,500 votes received for the shortlist from Islanders

Specialty Re/insurer Chaucer Launches Bermuda Reinsurance Branch for U.S. Business

This follows the receipt of the necessary regulatory approvals from the Bermuda Monetary Authority and the Central Bank of Ireland.

International ‘wrapper’ products can boost offshore portfolios

International wrapper products could benefit investment portfolios.

Environment focus: European commitment to sustainable finance strengthens

Three-quarters (77%) also say the pandemic has either reinforced their commitment to Environment, Social and Governance (ESG) or made them realise they had paid too little attention to the social component of ESG.

AIM and Hedge Funds