04/19/2023
Insurers face a long road to innovation
Companies that had invested significantly in innovation infrastructure before the pandemic were a leg up in resources and improved capabilities.
AIM and Hedge Funds
04/18/2023
Crestbridge's Luxembourg office moves to new premises on Avenue J.F. Kennedy
Crestbridge established a presence in Luxembourg 12 years ago, during which time it has grown its service proposition significantly in line with the jurisdiction's own exponential growth.
04/18/2023
Fidelis looks to list on NYSE
Fidelis intends to use the proceeds from the IPO to make capital contributions to its operating insurance subsidiaries in order to grow our business.
04/17/2023
PwC Malta releases the fourth edition of property barometer
One key trend observed during the fourth run is that there was a shift in demand for property sales to rentals.
04/14/2023
SiriusPoint will ‘carefully evaluate’ Third Point bid
The move comes less than three years after Loeb merged his reinsurance business, Third Point Re, with then rival Sirius International Insurance Group.
04/14/2023
Apex Group improves its holdings in Channel Islands
MJ Hudson’s Channel Islands fiduciary and fund administration businesses, as well as its investor relations and marketing solutions business units, will extend Apex Group’s global financial services offering.
04/14/2023
Resolute, Gallagher/KCC unveil contract to solve trapped capital
This transaction, and its future applications, are enabled by KCC’s advanced catastrophe modelling technology.
04/14/2023
Providence creditors asked to provide proof of debt
ISLANDERS who lost thousands, in some cases their life savings, in Guernsey-based Providence companies could be moving a step closer to getting some of their cash back.
04/14/2023
Canopius unveils partnership to target US Virgin Islands
Our new agreement with SFMI comes at the right time and will considerably drive Canopius’s expansion in the US Virgin Islands,” said Lisa Davis, chief executive US and Bermuda at Canopius.
04/13/2023
FTI Consulting Extends Fund Administration Services to Include Mutual Funds in the Cayman Islands
The business utilizes market-leading software to streamline administration functions, and to ensure clear and accurate record-keeping and investor communications.
04/13/2023
Arch acquires specialty insurtech platform
The entire Thimble team is looking forward to working with Arch and our existing carrier partners to grow the platform.
04/13/2023
ARC offers back offices to Bermuda reinsurers
Arc is focusing on reinsurance, fintech, financial services, utilities, gas and energy and other emerging markets.
04/13/2023
Bermuda's opportunity in climate finance
Kevin Richards is the managing director of BAM Tech Advisers and chairman of the Bermuda Innovation and Technology Association.
04/11/2023
PartnerRe/Kettle back Amwins’ excess wildfire solution
The product has been developed with capacity from PartnerRe Insurance Solutions Bermuda while Kettle will provide key data analysis, modeling and pricing, matching markets with appetite.
04/11/2023
Apex Group to acquire MJ Hudson businesses
MJ Hudson is a provider of services to the asset management industry, specialising in private markets and alternative investments.
04/11/2023
JTC Reports Record Growth, Revenue and New Business in Annual Results
This rise in revenue was achieved through sustained demand for JTC’s services, evidenced by net organic growth rising to 12% and a record value of new business wins over the year of £24.6m.
04/11/2023
Guernsey housing market activity slows as prices rise
Of these 14 sales, the median price (realty only) for the 11 Open Market houses sold was £2,437,500, up from the £1,160,250 recorded in 2022.
04/11/2023
Assured Guaranty in strategic deal with investment manager
Sound Point will become the sole alternative credit manager for the Assured Guaranty US insurance subsidiaries.
04/05/2023
Darag Bermuda renews agreement with Cayman captive
Joel Neal, executive vice-president, M&A, at Darag North America, added: “It’s a pleasure to renew this business with our Cayman-based partner.
04/05/2023
Gallagher Re: reinsurance renewal discipline held
It noted: “In some cases, particularly within smaller markets that had escaped previous rate hikes, significant structural changes were imposed by reinsurers. These dramatic adjustments may have impacted ceding insurers’ financials profoundly.