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AIM and Hedge Funds

08/22/2023

Reinsurer consolidation more likely than a Class of 2023, says AM Best

The report said “years-long disappointing operating results and rising interest rates” meant that other investing options were more attractive than reinsurance, especially on a risk-adjusted basis.

08/21/2023

HSBC switches to eco-friendly bank card

Customers will be issued a card made of recycled materials when their existing cards expire or are lost, to further reduce waste.

08/21/2023

Bermuda domicile good for Norway exchange listing

The Oslo Børs Exchange experienced a strong 2022 performance in both shipping and oil and gas, which remain core sectors in Norway.

08/18/2023

PwC Bermuda offering ‘completely integrated’ because of ILS: Megan Green

“Now you look at it, and we’re just completely integrated because of the ILS space.”

08/18/2023

SFL reports Q2 net income of 16.9m

The company declared its 78th consecutive quarterly dividend of $0.24 per share.

08/18/2023

Assured Guaranty to issue $350m in senior notes

Bermuda-based Assured Guaranty said the senior notes will be issued with a 6.125% coupon and will be redeemed in 2028 and are expected to settle on August 21.

08/18/2023

Validus to redeem almost $200m of notes

American International Group, which owns Validus, said the notes – valued at $199,115,000 - would be redeemed on September 21.

08/18/2023

Reflections on the Cayman Islands (Re)insurance Market – a “Virtuous Circle”

This is resulting in larger carriers being established who are unsurprisingly writing larger programs with more volume and frequency and these transactions are of course materially increasing industry premium and asset values.

08/17/2023

1st National welcomes Saint Lucia and CARICOM’s engagement with AFREXIM BANK

Saint Lucia is a signatory of the Partnership Agreement between the Afrexim Bank and nine other CARICOM Member States

08/17/2023

Monument Re owners considering a sale

Developments come after the group’s solvency ratio fell from 299% at end-2021 to 167% at end-2022

08/17/2023

Deltec Bank enters second half of 2023 poised for accelerated client growth

Deltec Bank released a summary of key indicators regarding its financial health and stability going into the second half of 2023

08/17/2023

Jersey businesses invited to think about productivity

This diversity ensures that businesses from various sectors can benefit from the initiative.

08/16/2023

Pension ‘anomaly’ debunked

The terms of reference of the reform group were strictly related to future generations of pensioners

08/16/2023

Nicholas Kessel wins EY Scholarship

The award provides students, who have shown academic excellence

08/16/2023

IGI reports Q2 net income of $40.5m

We are seeing plenty of opportunities to continue to show profitable growth in reinsurance

08/16/2023

Qatar Insurance almost triples net profit in first half

The company had insurance revenues for the half year of $823 million and net investment service income of $151 million while investment income was $133 million.

08/16/2023

44 Guernsey professionals pass IoD qualifications

The ability to network and hear insights and experiences from different industries and markets gives an additional aspect of learning as part of the course.

08/16/2023

UK pension proposal tips for trustee boards and advisers

Invest time up front to think through holistically what you’re looking for from a service provider.

08/15/2023

More businesses encouraged to set up in Alderney

As part of the campaign, the chamber has created a guide of ten steps to set up a business venture on the island.

08/14/2023

TISE announces Blue Diamond as first private market client

Blue Diamond Limited becomes the first company to join TISE Private Markets.

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