Managers of Wealth Offshore

Cross-border pension firm enters international Sipp market

Product is specifically designed for British expats following demand from advisers

Merger of Jersey and Guernsey firms called off

They could not agree terms and said that the timing was ‘not suitable’

ILS Capital’s reinsurer Prospero Re rated as it adjusts model to add leverage

The ILS fund manager has now received an insurance financial strength rating of ‘A’ from Kroll Bond Rating Agency for its main underwriting structure, the Bermuda domiciled Class 3A reinsurance vehicle Prospero Re Ltd.

Funds and Investment Management Update - Ireland and-Luxembourg-Q4 2019

Our Funds & Investment Management quarterly update considers recent legal, regulatory and tax developments in Ireland and Luxembourg.

RenRe generates net profits of $712m in 2019

For Q4 gross written premiums were $905.5 million, again seeing a healthy year on year increase, from $547.7 million.

Solutions Forum held for financial services

Policymakers also announced steps designed to reverse the industry’s decline in 2015, when they commissioned a $1.15 million study from the consulting firm McKinsey & Company to assess the industry.

NCB To Enter Guyana

And while it seems likely that any foray into Guyana would be through NCB Capital Markets Limited, even that is still to be affirmed by the group.

Inbhear sold for €14 million to Britain’s Sanne Group

Jersey-based Sanne snapped up fund admin and services company to boost its presence in Dublin and give it a foothold in the Cayman Islands

IoD Guernsey launches Director of the Year Award

The winner of the Guernsey Director of the Year Award will go on to represent Guernsey in the national IoD Director of the Year Awards in London next year.

Parish Group expands its global reach 29th January 2020

"ee. It’s good news for Guernsey; with a global reach the Parish Group will continue to grow, which will create new jobs in the island.”

Aztec Group to administer Luxgrove UK real estate fund

Specialising in alternative investments, including real estate, infrastructure, private equity and private debt, the Aztec Group employs more than 900 people across six offices and administers over €360 billion of assets for more than 200 alternative

Jersey and Guernsey's credit rating changed from negative to stable

Every six months the rating is reviewed.

Turks and Caicos Has a Roaring Real Estate Market

Turks and Caicos saw nearly 21 home sales over the $3 million mark

Guernsey to share message of MGA strengths with industry body

Guernsey already has a handful of MGAs active in the island.

Utmost Wealth teams up with Feifa

Partnership will see the organisations share knowledge and work on joint initiatives and events

Helix Underwriting Launches Bermuda Platform

Helix has designed an excess and surplus market product, MM100F, to deploy 100% of limit shared on excess of loss layers targeting soft occupancy business.

Considering A Start-Up Business Or IPO In Taiwan?

This trend has intensified and Cayman Islands incorporated vehicles have increasingly been the jurisdiction of choice for start-up companies and venture capital investments.

China’s Offshore Bond Defaults Increased to $3.6 Billion in 2019

All currency exchange calculations as of Jan. 9.

QROPS List – January 1, 2020

None of the remaining 26 financial centres hits triple figures, with Ireland trailing in third place with 68 QROPS, just ahead of Guernsey (66) and Jersey (65).

Guernsey property sales highest for more than a decade. Commentary from Swoffers estate agency

There were 25 Open Market sales over £1.5m of which 18 were over £2m, confirming renewed interest in relocating to Guernsey.

AIM and Hedge Funds