Managers of Wealth Offshore

Probitas offers five new lines

The five new classes are available for quoting now and can be bound from January 1.

Evergreen captive to cease underwriting

Additionally, AM Best revised the company’s business profile assessment to limited from neutral due to the planned reduction in business scale.

Investment improvement drives Enstar to increased Q3 profit

The company recorded a $23 million foreign exchange gain compared to a $15 million loss.

Venture capital trends: Guernsey takes the lead

Guernsey remains the premier jurisdiction for European venture capital (VC) funds

AM Best assigns ratings to National General Insurance

The ratings agency said it assesses the company’s business profile as limited given its plan to acquire business from affiliated companies in the United Kingdom, Europe and Canada.

Bermuda’s Maiden Holdings reports Q3 loss of $34.5m

The company said recoveries under the LPT/ADC agreement, and associated GAAP income recognition of deferred gain, are to begin in the fourth quarter.

BISX CEO unveils initiatives to expand capital markets

This platform will offer businesses a new avenue to raise capital while maintaining privacy and flexibility and will cater to a diverse range of new market participants.

Brookfield Q3 net income drops

Increase in revenues and claims also reflect the acquisitions of life re/insurer American Equity Life and property and casualty reinsurer Argo in the results.

Fidelis Insurance Group to partner with Euclid Mortgage

Fidelis Insurance Group said it will provide reinsurance capacity to Euclid Mortgage, along with other reinsurers.

Bank of the Bahamas reports $4.3M net income for Q1 of fiscal 2025

The Bank recognized a net impairment loss of $0.4 million for the quarter ending in September

Multimillion-pound business plans unveiled

Sustainable Economic Development Minister Deputy Kirsten Morel said the investment aimed to stimulate growth.

James River enters partnership with Enstar

The company said it had an adjusted net operating loss of $28.2 million

Atlas Insurance reaffirms commitment to support JA Malta

Witnessing the transformative experiences young entrepreneurs undergo

Fidelis shrugs off cat losses to increase net income

The company’s combined ratio increased to 87.4% from 85.4% for the quarter.

Lancashire GWP improves by 9%

Lancashire's combined ratio was expected to come in at the higher end of the projected range.

Debt-to-GDP fall reversal with $342.5m liability jump

This represented a slightly higher estimated debt-to-GDP ratio of 79.1 percent compared with 77.6 percent at end-June 2024,” the report said.

TISE opens London office

Opening this office further supports TISE’s business development activities across public and private markets

Trends within private capital

TISE’s dynamic offering across both public and private markets plays a key role in Jersey’s first-class ecosystem for clients

Assured Guaranty net income jumps 9%

The company benefited in the third quarter of 2023 when it recorded a $255 million gain from the sale of its asset management business.

BCCEC urges local businesses to innovate as Amazon introduces free delivery to The Bahamas

The BCCEC encouraged businesses to consider rate adjustments and enhancements to customer service, positioning themselves to compete effectively in a refined market environment.

AIM and Hedge Funds