Managers of Wealth Offshore

Assured posts Q2 net loss of $47m

In the insurance segment, gross written premium decreased by 23% year on year to $65 million from $84 million.

Essent posts 45% rise in Q2 profit

The combined ratio was negative (16.2%), compared with negative (30.7%) in the first quarter of 2022 and 23.3% in Q2 2021.

JTC in Ireland Launches Fund Administration Services Following CBI License Approval

The latest Irish offering will be led by Graham Kennedy, Chief Executive Officer – JTC Fund Solutions (Ireland) Limited and follows Central Bank of Ireland regulatory approval.

Investing in Education to Support Leaders of the Future

Connecting with young people and providing them with the best resources that we can are both high on our agenda to dispel outdated myths of what working in finance ‘looks like’ and encourage local students, school leavers and graduates to cons

Strategic Risk Solutions expands in South Africa with acquisition of Southern Cross

This acquisition enhances our substantial team in South Africa and is aligned with our continued global expansion.

MSE Equity Price Index opens the week lower

Bank of Valletta plc eased by 1.1% to €0.86 on nine deals totalling 13,249 shares.

R&Q Insurance sees H1 gross written premium rise 82%

Its program fee income jumped by 105% to $39 million from 75 programmes, which was an increase of six programmes.

Argo Group Reports Second Quarter 2022 Results

Well-Positioned for Continued Profitable Growth

Convex buys underwriter-led insurtech

Some of the Quotech clients include major risk carriers, brokers, and MGAs active in the London and international re/insurance markets.

SiriusPoint posts Q2 net loss of $61m

Those losses compare with profits of $65 million and $233 million in Q2 and H1 2021, respectively.

Guernsey increases trade with UK by more than 18%

Britain imported goods worth just under £1 billion during the same period to Guernsey.

TEAM completes two Jersey acquisitions

The acquisition was first announced in December 2021.

PartnerRe Ltd. Reports Second Quarter and Half Year 2022 Results

Operating income was $328 million for the second quarter of 2022

Skipton announces strong half year results for 2022

Skipton International offers Channel Island residential and Buy-To-Let mortgages, UK Buy-To-Let mortgages for overseas residents and a range of offshore savings accounts.

Malta’s micro business landscape: 94% employed nine people or less

Provisional statistics for 2021 released by the NSO show that micro enterprises continued to be the dominant player in Malta’s business landscape

Investor optimism drops on inflation and geopolitical concerns

With investor optimism waning, nearly three out of four investors are now worried about making bad investment decisions in the current environment and are holding onto cash.

JMMB acquires commercial bank in DomRep

JMMB, which celebrates 30 years this year, commenced operations in the Dominican Republic in 2007 offering investment services through brokerage subsidiary JMMB Puesto de Bolsa, headquartered in Santo Domingo.

Job losses and gains as Fidelity restructures bank

The bank said the former employees were given “payments significantly above statutory requirements including employment assistance and healthcare”.

APAC private equity is entering a brave new world and smart strategy is vital

Pricing in particular, as well as legal considerations of the detail of the limited partnership agreements, needs to be carefully considered as part of the transactions.

Insurtech funding rises 8% in Q2

The average deal size was up 18.3% to $22.11 million over Q1, which masks a 7.7% fall in total deal numbers.

AIM and Hedge Funds