Managers of Wealth Offshore

Moody’s now expects lower economic rebound for The Bahamas in 2021

Last summer, Moody’s lowered the country’s credit rating two notches from Baa3 to Ba2 with a negative outlook.

Apex Group awarded The Jersey Good Business Charter

The Jersey Good Business Charter is a standard awarded to businesses in Jersey in recognition of their commitment to good corporate citizenship and responsible business practices.

Mauritius and Morocco join African Development Bank Bloomberg bond index

This is a positive development as the inclusion of Mauritius and Morocco, two of Africa’s better-rated issuers, will improve the overall credit quality of the ABABI, which now captures close to 90% of the outstanding amount of African sovereign loca

Distress in the UK Commercial Real Estate Market: The BVI Perspective

Commercial real estate holding companies are currently facing unprecedented pressures on rental income as a result of lockdowns, travel restrictions, store closures and offices switching to working from home as a result of the global pandemic.

Is now a good time to buy real estate? Banker, experts weigh in

This is because values are appreciating and if you are an investor, real estate is solid – especially in times like these where the [return on] other investments may not be as robust

Financial services industry showed solid growth in 2020

The funds industry, Cayman’s mainstay in terms of financial activity, continued its expansion in 2020 as hedge funds posted a second consecutive year of double-digit returns.

Warning that Bermuda could face 'fiscal cliff'

At the end of September, the Government’s net debt was $2.94 billion

Labuan IBFC partners with RAM Ratings agency

Labuan Entity Corporate Assessment has enhance intra and inter-Labuan cross business as the Labuan IBFC jurisdiction grows from strength to strength.

Guernsey's social care fund 'will run out without action'

The anticipated combined contribution rates from both employees and employers in 2022 for both schemes is expected to be 11.4%, with the reports recommending an increase of 2.8% from 2022 to secure them until 2080.

The States of Guernsey welcomes S&P 'AA-/A-1+' Ratings affirmation

The Bailiwick's response to COVID-19 is factored into the ratings decision, which notes how much of the economy was able to return to normal trading in the middle of 2020.

Mauritius and Morocco join African Development Bank (AfDB/AFMISM) Bloomberg® bond index

The African Development Bank administers the ABABI, a family of African bond indices launched in February 2015 and calculated by the independent, global index provider Bloomberg

Guernsey Open Market and Local Market activity near pre-financial crisis levels

On the Guernsey Local Market, Unusualities of Guernsey recorded a total of 1,017 transactions in 2020, comprising 766 houses and 251 flats.

Aon sets up Marilla Re collateralized insurer in Bermuda

The portfolio built under Marilla is expected to be well-modelled, using AIR, covering named peril type exposures and is designed to be appealing to institutional investors, we understand.

Guernsey Fund Industry Continues to Flourish

New findings from the 26th edition of Monterey Insight’s Guernsey Fund Report, the independent fund research company, reveal the market shares of all service providers in Guernsey’s fund industry.

Flying Freehold property in Jersey

The Property is managed and administered by an Association Representative appointed by the Co-Owners. For larger developments a professional Association Representative and/or a Managing Agent is often appointed.

Bahamas Suffered $400m 'Shortfall' On Foreign Inflows

In 2020, total foreign currency inflows through the private sector, as measured from commercial banks’ purchases of foreign exchange, fell by almost 33 percent.

Duff & Phelps opens Gibraltar office

Stoneman's experience includes handling complex, multi-jurisdictional restructuring and insolvency cases in the insurance, fintech and gaming sectors, as well as considerable experience working in compliance and capital raising engagements.

TISE’s record fund raising helps Les Bourgs Hospice in 2020

Whilst for most entrants this would be testing enough, the TISE team came up with an additional feat appropriately called the TISE Everest Madness Challenge.

Enstar Announces Reinsurance Transaction With ProSight

The transaction is subject to the closing of a broader strategic transaction announced by ProSight today and remains subject to regulatory approval and other closing conditions.

RenaissanceRe Announces Estimated Net Negative Impact on Fourth Quarter 2020 Results of Operations

This net negative impact estimate includes Hurricanes Delta, Zeta and Eta, as well as aggregate losses associated with these and other events, and changes in estimated losses from third quarter 2020 weather-related catastrophe events.

AIM and Hedge Funds