11/30/2023
Eleven businesses recognised for commitment to sustainability
UNESCO Biosphere Isle of Man’s Sustainable Mann autumn series invited businesses to learn from industry experts on topics including biodiversity, climate change and energy.
AIM and Hedge Funds
11/29/2023
Global reinsurance outlook remains stable, says ratings agency
The report cited several offsetting factors, chiefly the persistent growing uncertainty about underlying risks
11/29/2023
AXIS announces closure of first 144a cyber cat bond
AXIS said the Long Walk catastrophe bond transaction was structured and distributed to investors by Aon Securities.
11/29/2023
Bermuda’s foreign portfolio investment assets hit all-time high
The foreign portfolio holdings for Bermuda entities consist mainly of debt securities.
11/29/2023
PIN-UP Global launches a new business line: PIN-UP.Investments
The international ecosystem PIN-UP Global, representing a set of businesses in various segments of the gaming industry, launches a new business line: PIN-UP. Investments
11/28/2023
Headwinds predicted for economy and insurance industry
A slower disinflation process increases the cost to economic output and the risk of a protracted stagnation.
11/27/2023
UK considering launching captive insurance framework
News of the consultation comes after a number of approaches to the UK Government by the captive insurance industry.
11/27/2023
Is COLA defeating its purpose?
COLA increase for 2024 is a direct hit to businesses’ bottom line
11/27/2023
Farsons awarded ‘Company of the Year’ at MSE Annual Awards
Response to ongoing market pressures underlined
11/27/2023
Athene completes first block reinsurance transaction in Japan
Athene said it has also entered into an agreement to retrocede the mortality risk associated with the block to Swiss Re, a leading mortality reinsurer.
11/27/2023
The Jersey Private Fund: a continuing success
Overall, the JPF regime has been a major success, encouraging a wide range of investment managers and investors to establish structures in Jersey.
11/24/2023
Earning more, risking less
A saver’s approach to fixed term deposits
11/24/2023
Aspen jumps to third quarter profit
“Our results also benefited from increased investment income, driven by a higher rate environment, as well as increased Aspen Capital Markets fee income which enhanced the quality of our earnings.”
11/24/2023
S&P places 16 Bermuda re/insurer holding companies on credit watch
S&P said it generally rates NOHCs of insurance groups two notches below their core operating subsidiaries if potential restrictions to payments are low and three notches if high.
11/24/2023
Suntera Global continues sponsorship of IOM Sport Aid Academy
We are delighted to support the Sport Aid Academy once again and look forward to the newly-designed programme.
11/24/2023
IGI Holdings retains Excellent AM Best ratings
AM Best said the ratings of IGICL, IGIUK and IGI Europe reflected their strategic importance to IGI as subsidiaries.
11/23/2023
CBO Director named Chartered Project Professional of the Year
The awards were attended by CBO’s management team
11/23/2023
KBRA assigns A- rating to life reinsurer
KBRA noted that due to its limited tenure in the market, AeBe’s earnings are currently dependent on a small number of transactions but expected earnings diversification will improve.
11/23/2023
Moodys affirms Malta's A2 rating with stable outlook
Credit rating agency flags fast-growing economy but also environmental challenges
11/23/2023
Sir John calls for reshaping of the economy
Acknowledging his prominence in Bermuda’s business and political circles, the division said: “Sir John Swan delved into various topics, highlighting the need for change and progress within Bermuda.