Managers of Wealth Offshore

Apex Group expands North America presence with Prometa acquisition

In addition to the acquisition of Prometa, Apex Group will continue to target organic growth in Canada, expecting to employ 200 people by the end of 2022.

New consultancy launches to improve customer experience

The aim of the new business is helping businesses to grow and thrive through the delivery of excellent customer experiences.

Growth continues for CIBC FirstCaribbean

Delaney disclosed that the Dominica sale had hit a brick wall and the bank’s board of directors decided to shut down the operations on that island.

Argo Group sells Lloyd's Syndicate

The sale of Argo’s Lloyd’s business is subject to customary closing conditions and regulatory approvals

Matthew Carr to speak at BCC

It is the largest and longest-running industry event in Bermuda, attracting more than 800 delegates, with half from overseas, to examine trends in the global captive market.

FinanceMalta continues to promote Malta as financial hub at international events

Plans to participate in several initiatives between September and December

Crestbridge bolsters Hiro Capital relationship with extensive support for latest venture fund launch

The fund is Hiro Capital’s second venture capital fund in three years and will target early-stage games and Metaverse innovators across the UK, Europe and North America.

IQ-EQ’s Ed Mehigan named in eprivateclient’s Top 35 Under 35

At 33, Ed already leads a team of eight as a senior manager in our Jersey business.

Financial services activity bolsters government revenues

While securities and investment business licences generated $1.7 million less revenue than budgeted, this was more than offset by the positive variance of other fees.

Kroll expands Channel Islands footprint with new Guernsey office

The opening of the new office, which is located in Saint Peter Port, coincides with the 10-year anniversary of Kroll’s Jersey presence in the Channel Islands.

Funds success for Imperium

The number of funds domiciled in Guernsey is at its highest level in almost a decade at 855 funds.

Trinidad and Tobago receives US$1.1 billion investment commitment from major methanol producer

Proman describes itself as one of the world's largest methanol producers, and a leading fertilizer producer globally, with operations and assets all over the world.

TISE announces strong results for H1 2022

The management team has made good progress on delivering the strategy and I am confident that the business is well positioned to sustain future growth.

Capital declined 11% in H1 2022: Gallagher Re

The most important driver, according to the report, is $78 billion of realised and unrealised investment losses due to the sell-off in fixed income and equity markets in the first half of 2022.

Ocorian says Bermuda captive growth will continue

The number of captive formations nearly doubled in 2020, according to the most recent data from Marsh.

Afreximbank to invest $700mln in Afro-Caribbean trade, new bureau

Trade between Africa and the Caribbean has been negligible despite historic linkages

ABIR members report 21% rise in net premium written

Net premiums written benefited from market growth and improving underwriting conditions with an expectation of additional progress in 2022, ABIR said.

Four ways to transform Africa-Caribbean trade

A century after the end of the transatlantic slave trade, Garvey saw how Black economic empowerment through international trade could be a real pathway to freedom.

GraceKennedy to acquire Scotia Insurance Caribbean

SICL will be the newest member of the GraceKennedy Financial Group

Hybrid re/insurance model becoming more popular in Bermuda, says S&P

The report states that low-interest rates in 2020 and 2021 allowed many companies to raise capital amid already hardening reinsurance pricing to deploy in both reinsurance and insurance lines.

AIM and Hedge Funds