Managers of Wealth Offshore

UN: Bahamas FDI inflows reached five-year high in 2021

This result was mainly due to 67 percent growth in intercompany loans, which were the largest component of FDI for the second year running (67 percent),” the report notes.

Revenue rolls in but public spending set to increase

Actual revenues have run higher than expected all year, with the government racking up almost $54 million more than expected for the public purse.

Guernsey IoD launches Next Gen Forum to support future generation of leaders

It is anticipated that the Forum will serve professionals in managerial roles who will move into director roles in the next two to five years.

Roadmap for a green hydrogen economy in Trinidad and Tobago

The roadmap identifies offshore wind technologies as the best renewable energy source available in Trinidad and Tobago in the production of green hydrogen.

Old Mutual International Guernsey sold for £3.6m

Acquirer eyes further deals to hit its $2bn AuM target by 2025

FTX-exposed Relm Insurance remains committed to digital asset sector

Mr Ziolkowski added: “Unquestionably, this has been a difficult period in the digital asset industry, especially relating to FTX, Alameda Research and their affiliated entities.

Hurricane Ian bill for Bermuda reinsurers estimated at $13bn

Including losses covered by this sector in the data would result in even larger estimates of incurred gross losses and claims paid, it said.

Investment Funds: Why Choose Guernsey

As the leading legal adviser to Guernsey's investment funds sector by both number of funds advised and by assets.

Hamilton Reserve Bank Dubai Branch Welcomes Saint Kitts and Nevis Prime Minister As the Only Middle East Banking Presence from the Federation

Hamilton Reserve Bank now accepts UAE Dirham AED as a new customer deposit currency in addition to USD, EURO

Securis expands Life ILS offering

The strategy offers investors an opportunity to diversify sources of return within the ILS market

BF&M posts 9M net loss of $13.4m

Equity attributable to shareholders at 30 September 2022 was $294.0 million.

Maldives economy to recover despite global economic slowdown: MMA

The country's Gross Domestic Product (GDP) is expected to increase by 7.6 percent in 2023 which is higher than the average pre-pandemic economic growth rate.

Counterpart offers E&O cover for small businesses

Matt Price, head of FinPro Program Operations at Aspen, said: “Because MPL is designed to safeguard a variety of business types, the risks can vary dramatically from policy to policy.

Davis administration looking to match $6 billion investments approved in second year

“We want to match that in our second year in office,” Cooper said.

Upbeat credit ratings affirmed for IGI Holdings

The outlook of these credit ratings is stable.

Jersey Sets Out its ESG Stall

Elliot Refson, Head of Funds, was recently interviewed by Private Funds CFO.

Mosaic continues global expansion with launch of Frankfurt office

Mosaic plans to further expand its presence in Frankfurt over the next 12 months with additional senior hires.

Year-on-year premium growth averaged 13% at 9M 2022: Gallagher Re report

Higher risk-free interest rates and retained profits supported an increase in average European solvency to 228% (FY 2021:226%)

AM Best maintains stable rating on global reinsurance

“This has been compounded by financial, economic, social, and geopolitical uncertainty in general,” the report said.

Fidelis Insurance creates new MGU

The privately owned Bermudian-based holding company said approvals or non-objections had been received from the Bermuda Monetary Authority as well as the FCA and PRA in the UK, CBI in Ireland, and FSMA in Belgium.

AIM and Hedge Funds