Managers of Wealth Offshore

Mosaic’s transactional liability unit hits $100m in GWP, makes promotions

The division’s Stavan (Stav) Desai has been promoted to Head of Americas, and Katherine Spenner becomes its global chief legal officer.

Assured Guaranty maintains AA rating

The commentary came as Assured Guaranty’s AA financial strength rating was affirmed with a stable outlook.

Firm promises investment for the region

He gave the assurance that any projects done in the region will benefit local businesses and communities, while helping countries to achieve aspects of their UN Sustainable Development Goals.

Antigua US$200m bond back on track

“Clearly, we did not lie to the people of Antigua & Barbuda. It was oversubscribed and what we are seeking to do here is to get the best deal,” he added.

Gallagher Re reveals challenges facing Lloyd’s

Positive trajectories in “attritional” loss ratios are also evident, according to the report.

BDA Supports Return of High-Net-Worth Services Events

Since supporting the high-net-worth services sector is one of the BDA’s key strategic priorities

SiriusPoint Partners With Alta Signa

Alta Signa has an experienced and highly qualified leadership team, with deep insurance relationships and a proven track record of delivering underwriting profitability.

Bermuda graduates named inaugural ABIR scholars

The aims of the partnership are to strengthen the pipeline of local talent into the re/insurance industry and to attract future Bermudian leaders from diverse backgrounds.

Major jump in ICBL profits

At the end of 2020, ICBL’s after-tax profit stood at $4.3 million, however, at the end of 2021, the company’s profits jumped to $21.2 million.

Apex Group appointed by Foord Asset Management

Following a competitive process, Apex has been appointed to provide Fund Administration, Transfer Agency and Custody Services to Foord’s new Australia-domiciled fund.

Preparations continue for inspection by Moneyval

WORK continues apace in the States and in the island’s finance industry to be prepared for the 2024 inspection by Moneyval, the European anti-money laundering regulator from Europe’s Financial Action Task Force.

Liquid wins ‘Large consultancy of the year’ at global PRCA Platinum Awards

The winners of the industry-recognised awards were announced during a ceremony at the Botanica Restaurant & Bar in London.

RF closes largest multi-million dollar share offering

Of the total amount of $169 million previously invested in Series 6 and 9 Preference Shares, only $7.3 million was not reinvested into Series 15 and 16 Preference Shares.

Strong interest in Guernsey Venture Challenge

The successful businesses will receive a six-week programme of support from an expert mentor during the summer to prepare for the competition pitch finals being held in early September.

Mosaic wins insurtech award

The awards, now in their 11th year, recognize IT initiatives and projects that have generated significant business impact within industry organizations.

KBRA affirms Hamilton Insurance Group ratings

KBRA says it expects the group to maintain sound capitalisation and sustained profitability while continuing to prudently execute its business plan.

SOMPO/Munich Re-backed insurtech Chainproof launches in Bermuda

This growth comes with significant risk yet traditional insurers lack the historical data and technical expertise required to properly underwrite insurance related to smart contracts.

ABIC DEI chair Vandoninck calls for action not words on diversity

These goals factored in the company’s starting position, projected turnover, average time for career progression, and promotion versus external recruitment ratios.

Guernsey housing market activity picks up in Q2 as part of strong half year sales numbers

The second quarter of this year saw 246 Local Market houses and flats sold compared to 208 in Q1 – the first rise in the quarterly figures since the second quarter of last year.

IQUW partners with RQA on Product Recall cover

RQA Group will provide 24/7 incident support and pre-incident risk management services to IQUW’s product recall policyholders.

AIM and Hedge Funds