Managers of Wealth Offshore

Athene reports net loss for Q1 but insists long term earnings potential looks healthy

Our actions over the past year have allowed us to operate from a position of strength.

An Overview of Jersey's Commercial Real Estate Market During the Current Crisis - A Virtual Discussion

The objective of the session was to provide a friendly forum for discussion for those involved in day to day commercial property transactions in Jersey and to share recent experiences and challenges arising from the current crisis.

Hansard Global trading update

New business for Q3 2020 was £38.4m in PVNBP

AXIS slumps to Q1 loss but points to improved cost controls

Gross premiums written decreased by $152 million, or 6%, to $2.4 billion with a decrease of $242 million, or 14% in the reinsurance segment, partially offset by an increase of $90 million or 11% in the insurance segment.

Arch Capital remains profitable in Q1

Corporate and non-underwriting results include net investment income, other income (loss), corporate expenses, transaction costs and other, amortization of intangible assets, interest expense

Market volatility drags Watford into loss for Q1

Actual losses from these events may vary materially from the estimates due to several factors, including the inherent uncertainties in making such determinations and the evolving nature of this pandemic.

TISE first for Abu Dhabi Global Market fund

Two classes of the fund have been listed on TISE.

Foundation established to manage private-sector emergency fund

The foundation will complement existing government-led national efforts by supporting local non-profit organisations with funding for projects involved in all aspects of a disaster cycle, the release noted.

Why the Development of a Secondary Market Will Transform ILS

There are many things investors look for when deciding where they should allocate capital. First, they need to believe they will be paid a fair return for the risk involved.

Volatility in bank loan portfolio leads to Q1 loss for James River

A substantial part of the decline we report in the quarter has been reversed as debt markets have recovered significantly from quarter end.

Argo warns investment losses will weigh on Q1 results

While this continuing event is significant, Argo remains financially strong and will continue to support our customers and producers through the challenges ahead.

Alderney finances take "significant" hit

Alderney’s Policy & Finance Chairman James Dent said his committee has been advised of the need to identify and prioritise funds that can support the island's recovery from the Covid-19 emergency

MLA urges pension raid to reset ‘ridiculous’ system

This is one of the first steps in dismantling the system that ain’t working.

Private equity house takes stake in TigerRisk

The transaction is subject to customary regulatory approvals and closing conditions.

Apex Broadens Jersey Corporate Solutions Offering

The Throgmorton brand has been well-respected in the UK market for over 20 years and has enhanced the Group’s corporate solutions expertise with the addition of over 150+ experienced business services professionals.

Grant Thornton Channel Islands appointed to sell aircraft of local importance

Due to a lack of adequate funds to meet ongoing costs, in February 2020, the Directors of the owning company approached Grant Thornton’s recovery and reorganisation experts, Alan Roberts and Ben Rhodes, to assist them.

ZEDRA Fund services announces $230m LATAM fund win

Ryan Taylor, Director of ZEDRA Fund Services explained, “We have proven and significant experience in the small and mid-tier alternative funds administration sector."

New infrastructure fund launched in Guernsey

iCON Infrastructure Partners V beat its fundraising target within three months of starting fundraising.

Reinsurers donate eight ventilators to Bermudian hospitals

Venetta Symonds, CEO and president of BHB, noted that there is still no cure for COVID-19, making it even more important that hospitals are able to provide breathing support where needed.

Bermuda’s economy set to shrink by up to 12.5% this year: Minister of Finance

David Burt, Bermuda’s Premier, warned that Bermuda “cannot let the economic effects of this pandemic be worse than the health effects of this pandemic.”

AIM and Hedge Funds