Managers of Wealth Offshore

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.

Apollo/Athene merger closes

This combination is a competitive differentiator and a growth accelerant, bringing expected benefits to all of our shareholders, policyholders and important stakeholde

Government considering US$400 million bond issue

Currently, all of government debt is in the form of various loans from local banks, most of it with a maturity of fewer than six years.

DARAG Bermuda completes novation for Cayman reinsurer

“The completion of the deal provides the company with a clean economic exit and certainty about future development.

Velocity Risk MGA majority stake sold to Oaktree by Nephila

Now, Velocity Risk provides insurance coverage to customers in many of the most catastrophe-exposed areas of the United States.

AIM and Hedge Funds