Managers of Wealth Offshore

Brookfield Re set to close AEL purchase

The offer of $55 per share represented a 35% premium to AEL’s closing price on June 23, 2023.

MS Reinsurance ratings upgraded

S&P raised the company’s financial strength rating to A+ from A, and affirmed its A issuer credit rating.

Reinsurance drives Arch to $1bn quarterly profit

Arch reported favourable development in prior year loss reserves of $126 million.

Guernsey MoneyVal draft report a few months away

Mr Prow said: "The onsite evaluation has been a very intense phase of the overall MoneyVal assessment.

Aspen suffers drop in net income

The Bermuda-based re/insurer said gross written premiums rose from $1.05 billion to $1.23 billion and net earned premiums rose to $666 million from $641 million.

HSBC Bank Malta makes €39.3m profit in three months

A profit growth of 48% over the same period last year

GDA's plans for Guernsey shared at latest Commercial Property Lunch

Between them Simon and Peter have an incredible amount of experience.

Argo Group ratings affirmed

The ratings agency said the underwriting revisions had “tempered premiums written”, but should lead to a return to profitability and ensure future capital growth.

MS Re’s rating upgraded to A

Am Best said the ratings reflected MS Re’s balance sheet strength

SiriusPoint strategy wins support from ratings agency

SiriusPoint reported a robust pre-tax profit of $319 million in 2023

Butterfield reports first quarter 2024 results

The efficiency ratio for the first quarter of 2024 was 60.9%, compared to 61.7% for the previous quarter and 56.0% for the first quarter of 2023.

CI first Citrix Platinum Partner named

Citrix is a global cloud computing and virtualization technology company.

Praxis expands its global footprint with launch of Ireland operation

With plans for a client-facing team on the ground, the administrative support is being provided by the Group’s well-established operation in the Isle of Man.

HashKey engages Solidus Labs to detect suspicious activities

It said the collaboration will facilitate real-time alerts and market inspection, ensuring robust monitoring and detection of suspicious activities.

Butterfield Reports First Quarter 2024 Results

Board declares dividend for the quarter ended March 31, 2024 of $0.44 per share

Guernsey professionals advise on £1.75 billion fund

The fund, which is the largest dedicated minority fund in Europe, focuses on making minority equity investments in entrepreneurial ventures characterised by high growth and substantial profit margins.

Cumulus Re cat bond listed on BSX

Businesses are increasingly reliant on cloud services for storage and computing power

Ariel Re and Hiscox form cyber catastrophe consortium

We wanted to find another leading reinsurance market

Hili Ventures subsidiary 1923 Investments sees revenue grow to €282 million

Maltese-owned business sees huge growth in Polish markets thanks to Apple resellers

Guernsey professionals advise on closing of €459 million fund

With a flexible mandate, the firm can invest as both a minority and major investor, typically providing equity investments ranging from £50 to £150 million.

AIM and Hedge Funds