Managers of Wealth Offshore

Guernsey approach to increasing operational due diligence helps managers stand out

From a service providers’ perspective, it is time consuming to complete multiple variations of ODD.

AIG looks to retake momentum with $5.6m Bermuda deal

AIG is paying $68 cash per share for Caribbean-based Validus Re, which specializes in providing insurance companies with policies against natural disasters and environmental catastrophes.

Validus bought up by AIG

Validus is an excellent strategic fit for AIG

LDJ Cayman Fund Selects PCG Advisory Group

LDJ Cayman Fund Ltd. Focuses on Crypto Asset investments

Landmark finance solution for Guernsey debt fund

This deal required excellent collaboration between several specialist teams both in London and in Guernsey.

One of Japan’s Richest Headed for Cyprus?

Nationality is a touchy issue in Japan.

RenRe subsidiary buys minority stake in Catalina

Under the terms of the agreement Aditya Dutt, President of Renaissance Underwriting Managers, will join the Catalina board of directors.

Funding Knight renamed Sancus Funding

Jersey-based Sancus BMS Group has taken ownership of sister operation Funding Knight, which changes its name to Sancus Funding with immediate effect.

Acolin and Hugo form fund distribution joint venture

With this current market positioning, the new group’s objective is to become the independent market leader in cross-border distribution infrastructure management services.

Eppley to control Fortress Caribbean Property Fund

Eppley Ltd also owns and operates commercial real estate in Jamaica alongside its joint venture partners.

FEIFA partners with Luxembourg insurer

International IFA trade body FEIFA has announced a new partnership, with OneLife, a Luxembourg-based life assurance company that has specialised in providing insurance-based wealth planning solutions

Gove warns water companies over use of offshore tax structures

UK environment secretary threatens legislation if companies do not behave responsibly

ITFC finances $100m to boost Maldives energy sector

Highlighting the importance of this partnership, Noordali highlighted the importance of maintaining oil price stability in the Maldives

RBS sells Lombard assets for $203 million

RBS declined to confirm the Sky News story. Investec and Shawbrook were not available for immediate comment.

Armour raises funds to create new reinsurance company

Armour Group will co-invest in global P&C run-off transactions in parallel with the group’s affiliates.

Qatar Re to buy Markerstudy subsidiaries

The QIC Group has what it described as ‘an existing substantial relationship’ with Markerstudy through Qatar Re and QIC Europe.

Blockchain Venture Capital Fund Planned By Waves Platform

The Basics Fund is seeking an initial $10 million in investment this month, with a total of $30 million by April.

Alliance of BVI Professional Services Businesses Commits USD 100,000 in Joint Donation to Rebuild the BVI After Hurricane Irma

Individually the Alliance members are also supporting other appeals as well as carrying out their own relief and recovery efforts.

US$19bn hedge fund platform drops funds in offshore jurisdictions

Lyxor, which is owned by French bank Societe Generale, has already doubled assets under management in UCITS hedge funds to €2.5bn over the last three years.

Waves Platform Launches Venture Capital Fund Focusing on Crypto-Assets

The fund will be registered as a Cayman Islands GP/LP Venture Fund. An initial $10 million in investment is sought for January 2018, with a total of $30 million by April.

AIM and Hedge Funds