Managers of Wealth Offshore

Imperium assists launch of medicinal cannabis fund in Guernsey

The Imperium team was led by MD Barry McClay and Client Services Director Charlotte Parr.

Aspen and Ryan Specialty Announce Expanded Trading Relationship

As part of this deal, Aspen will provide capacity across multiple platforms and geographies, with four programs in the U.S. and three programs in Europe.

Private Fund Regimes in Guernsey and Jersey - A Comparison

The Guernsey Financial Services Commission (GFSC) introduced the Private Investment Fund Rules 2016 (PIF Rules) which created a new class of private fund under the Protection of Investors (Bailiwick of Guernsey) Law, 1987 (as amended) (POI Law).

TISE fundraising to benefit animals in Guernsey

TISE has also made donations to similar animal welfare charities in Ireland, the Isle of Man and Jersey, which are the other jurisdictions where it has staff based.

Pandemic pushes back Bermuda climate event

“Moving forward, both the Bermuda Risk Summit and the Bermuda Climate Summit will be annual, in-person, must-attend events on the business visitor calendar,” said Hart.

Investment company agrees 10-year trading ban with Jersey regulator

Having made in January 2021 the commercial decision to close its operations in Jersey, thereby making any plans to return there unlikely, the Company considered its alternative courses of action and decided it was in the best interests of its shareholders

Transamerica Life Bermuda Honoured by Industry Peers at the Benchmark Wealth Management Awards

The award marks the fourth time the Company has been lauded as a leader in the Industry

Multiple promotions at TISE following record-breaking year

These promotions and the long service award are richly deserved.

Aspen to transfer loss portfolio to Enstar

The transaction is expected to close in the first half of this year, subject to regulatory approvals.

Enstar Announces $3.12 Billion LPT Transaction with Aspen

Enstar will assume net loss reserves of $3.12 billion in the LPT transaction, which is subject to a limit of $3.57 billion.

New $1.65bn Bermuda reinsurer launches backed by MassMutual

Once completed, it will offer its services selectively to other top insurers in the life and annuity space.

SCOR sidecar wins Swedish pension investment

“This is another important milestone in the development of SCOR’s third-party capital strategy, with an important partnership with a leading pension fund.”

TMF Group bolsters presence in Latin America

The acquisition is a key milestone in TMF Group’s strategy to grow its global fund services business and bolster its capabilities in the Americas.

Jake Kelly Receives Top Marks in STEP Awards

Jake received his crystal award at the STEP Isle of Man AGM in December where he was also presented with prize money of £250 which he donated to his charity of choice, Beach Buddies.

More challenging investment conditions in 2022

Although high-grade bond issuance was down slightly, mainly because many blue chip companies raised so much debt in 2020, junk-rated bond debt soared.

US$100 million private equity dispute heads to trial

The case centres on Port Fund’s sale of its main investment asset Clark Global City, a property development in the Philippines, in November 2017.

Teneo Acquires KPMG’s Cayman and British Virgin Islands Restructuring Business

The acquisition expands the Teneo footprint into another key financial market, bringing its global Financial Advisory headcount to 350 professionals across the U.S., Europe, Asia-Pacific and the Caribbean.

Acclime doubles presence in Malaysia

Acclime's expansion in Malaysia continues its active growth as the Asia specialist in providing compliance and corporate services throughout the region.

DBJ seeks two SME fund managers, $6 billion to be deployed

Upon selection, the SME Fund Managers are expected to raise capital of at least twice the value of the $2 billion invested by the DBJ - $4 billion.

Fortitude Re buys TPAs from AIG

The FPCS acquisition allows Fortitude Re to provide proactive casualty claim management services for many employee injury, legacy environmental and complex casualty programmes.

AIM and Hedge Funds