Managers of Wealth Offshore

Bermuda’s ILS sector needs to show it is sustainable, says Artex’s Faries

Faries said Artex had also seen an increase in sidecars, especially in the Bermuda market.

Aon report suggests property cat market is softening

The report said pricing was favourable for US insurers in the April 1 renewal, setting the stage for this to continue in the mid-year renewals, where volume is heavier.

Financial analysis: BOV’s dividend payout ratio at 26% for FY2023

BOV Group generated a record level of profits in 2023, amounting to €251.6m pre-tax

Interest rates and their effects

As interest rates directly affect the cost of borrowing, lower rates will encourage consumers to splash out

Home-buyer mortgage approvals jump to highest level since month of mini-budget

The number of mortgages approved for house purchase topped 60,000 in February, for the first time since September 2022.

Somerset Re closes reinsurance transaction with Prudential

Prudential will continue to service the block.

Aspen reports profit of $485m

For the full year 2023, Aspen Capital Markets generated $136 million in total fee income

Vistra unveils new purpose, brand and strategy following merger with Tricor

The announcement follows the completion in July 2023 of the merger between Vistra and Tricor Group

Team announces 2023 full year results

Group revenues increased by 151% from £2.1 million to £5.3 million

Choosing the right structure for your business

In a general partnership, partners have unlimited liability and are responsible for the debts and obligations of the partnership.

Katie Rose Recognised In 2024 DMJ Hot 100 List

The “Relationship Managers” category recognises those working within professional services with a reputation for supporting varied client portfolios and building trusted relationships.

Bermuda company wins award in Cayman Islands

The prize was for the company’s outstanding range of surface materials.

Investment firm hikes stake in Argus

Equilibria also agreed last October to a strategic partnership with Argus rival BF&M, which was subject to a bid by Argus to buy the stock of its single largest shareholder.

Fidelis Partnership to launch Lloyd’s syndicate

The Fidelis Partnership was spun off from Fidelis Insurance Group last year when the parent company was floated on the New York Stock Exchange.

$650m in cat bonds listed on Bermuda Stock Exchange

The bonds are broken down into $150,000 worth of Class A one-hurricane season bonds and $100,000 worth of Class AA three-year bonds.

Real GDP significantly lower than IMF estimates

In 2023, the total value of goods and services produced in the Bahamian economy was estimated at $14.3 billion in nominal prices, and $12.8 billion in real prices.”

BOV made €250m pre-tax profit in 2023, as bank notes rise in green loans

One-third of bank's loan portfolio was made of 'green loans' last year

Artex forms group captive for transportation

“The new group captive addresses a need for alternative risk solutions in the space.”

Money market report for the week ended March 22, 2024

Information on ECB monetary operations and the domestic Treasury bill market

Why Jersey and Guernsey companies are a great choice for UK REITs

UK REITs have been a tried and tested channel for investment in UK real estate since their introduction in 2007

AIM and Hedge Funds