Managers of Wealth Offshore

PartnerRe profit drops in 2024

PartnerRe’s 2023 result was also boosted by a one-off deferred tax asset related to the Bermuda Corporate Income Tax of $327 million.

The Changing Face of the Industry

For us as an industry, this is all vital as we look to nurture the next generation of leaders

BDA year-end report details more targeted, data-driven approach

The transition, according to the report, follows a structured three-phase plan.

Butterfield up on NYSE

Meanwhile, Butterfield Bank was up 8 cents (0.21 per cent) on the New York Stock Exchange to end the day at $38.56.

Mangrove Property Insurance approved to take on more business

Mangrove is one of the most recent of 11 new insurers entering the market since the historic legislative reforms.

Navigating venture capital fund administration

Venture capital is different to other investment classes.

Source Recruitment announces launch of sister agency

Spearheaded by HR professional Stephanie Brackley the businesses will operate individually but will offer a pan-island recruitment solution to clients operating in both jurisdictions.

What are secondary investments?

Participants in the secondary market may include institutional investors, funds-of-funds and specialised secondary market firms.

PartnerRe reports income of $1.44bn for 2024

In its latest financial statements for the full year, the firm also revealed positive operating results of $1.22 billion, and operating income return on equity of 14 per cent.

Money market report for the week ended March 14, 2025

Information on ECB monetary operations and the domestic Treasury bill market

LOM Financial reports strong 2024 earnings growth

Revenue growth in both the asset management and broking divisions, alongside gains on securities held, drove the increase.

Miami International Holdings Announces Offer to Acquire The International Stock Exchange

The recommended cash acquisition recognises the strength of the business

ILS market achieves record growth in 2024

The growth was fuelled by retained earnings and new capital inflows, with catastrophe bonds leading the expansion.

Sylvia Oliveira has seen life insurance explode in Bermuda

Meanwhile, her industry itself has exploded in Bermuda.

Guernsey’s clearing banks join forces to support Guernsey Community Savings

Without a bank account, it is very hard to find employment or accommodation.

Frank Salt Real Estate celebrates ‘outstanding success’ in 2024

Homes of Quality wins title of ‘Branch of the Year 2024’ at awards ceremony

Prepare for radical change, says insurance executive

With a rapidly advancing AI, he also warned that people in the industry should be prepared for radical changes in their day jobs.

Partnership to advance insurance education

The partnership promotes the programme and elevates insurance as a career path.

Bahamian insurers have financial strength affirmed

The outlook for all Coralisle Group credit ratings was ‘stable’. CG is a holding company of Edmund Gibbons Limited, the group’s ultimate parent.

APS Bank PLC registers pre-tax profit of €23.8 million

Bank posts its strongest ever "all-round growth", despite reduction in pre-tax profits

AIM and Hedge Funds