Managers of Wealth Offshore

ABIR members contribute $1bn to Bermuda economy

The leading international re/insurers surveyed employed 2,140 full-time employees in Bermuda

Double ProShare Award Win Recognises JTC’s Shared Ownership Success

Earlier this year the global service provider granted share awards worth around £50m to its global workforce

Mourant expands presence with new office in the heart of London

The recently refurbished building features a redesigned reception and communal areas, bike storage and showers, ensuring a premium experience for the firm's team and clients.

Merchant Navy Ratings Pension Fund completes £450 million longevity swap via Guernsey captive

The transaction is structured via a Guernsey-based captive insurer owned by MNRPF’s trustee and onwards reinsurance to MetLife.

Enhance announces new ownership

The transaction received regulatory approval from the JFSC on Tuesday 3rd December

Allianz forms Bermuda life re/insurer

Deutsche Bank said in a release that Allianz sees the Sconset Re sidecar as representative of the opportunity it sees with its life and asset management business in the US.

Brit Re’s ratings affirmed

Brit Re’s very strong balance sheet strength is supported by historically profitable underwriting results and manageable premium growth.

Munich Re targets net profit of €6bn for 2025

The reinsurer describes current market conditions as favourable, noting that it will continue to leverage its strong market position.

Bedell Cristin's Jersey team advise Andium on £100m private placement funding

The funding secured by the issuance, which is Andium's first in the private placement market

MetLIfe and General Atlantic launch $1bn life reinsurer

MetLife said its ongoing commitment to its policyholders will remain unchanged following the transaction and MetLife will continue to be responsible for all customer-related functions.

Fortitude gets A3 rating from Moody’s

Fortitude Re had $111 billion in total assets as of December 31, 2023.

Argus shareholders to vote on BF&M merger

BFM&M shares traded for $18.05 on December 9, which gives each Argus share an implied value of $4.,53.

States pension remains key funding for retirement

Of the retirees surveyed 30% said they were "very comfortable" and 57% financially "comfortable".

Nippon Life to buy Resolution Life for $8.2 billion

Nippon Life invested in Resolution Life in 2019 and has been its largest single investor. Resolution Life has over $85 billion with more than 4 million policies.

The case for Cayman Islands funds

This achievement consolidates the Cayman Islands’ position as the world’s leading funds jurisdiction, with further growth expected in the coming years.

The Access Bank UK Limited launches The Access Bank Malta Limited

The Access Bank UK Limited proudly announces the establishment of its first fully owned subsidiary in Malta

Celebrating the Growing Links Between Jersey, UK and Kenya

Jersey Finance’s Faizal Bhana’ Director – Middle East, Africa and India, hosted the events in Mombasa and Nairobi, billed as “Kenya’s Economic Potential: The Business Perspective”.

AM Best affirms ratings of Hannover Re and subsidiaries

AM Best said it expects the group’s risk-adjusted capitalisation to remain at the strongest level

BOV lands two major wins at the Malta Business Awards

Gold Award for Environmental Innovation, Silver Award for Social Impact

Gallagher to buy Assured Partners for $13.45bn

Gallagher said it expected the merger would further expand Gallagher's retail middle-market property/casualty and employee benefits focus across the US

AIM and Hedge Funds