Managers of Wealth Offshore

Darag Group completes sale of US and Bermuda businesses

“We will now be bringing firepower to our European core where our strong, well capitalised niche position and good market conditions provide an excellent outlook.”

HSBC launches enhanced professional development programmes across Channel Islands and Isle of Man

The programme will focus on three core themes

New structure at Enhance Group

The UAP Group, a Guernsey-based investment company with complementary interests in financial services businesses, acquired the balance

CatX teams up with data analytics provider

CatX Limited has teamed up with Extreme Event Solutions group at Verisk, a leading global data analytics and technology provider.

Former AIG Bermuda chief Joe Johnson dies

“Joe was professional, a very considered and thoughtful man with a passion for golf and a great sense of humour,” Mr Blakey said.

Pensions bill to nearly double over next 15 years

In 2023, pension expenditure was £154.2m with spending this year forecast to be £169.1m.

AM Best revises ratings for island-based Conduit Re

Conduit Re’s management have demonstrated its ability to adapt to market conditions, while achieving key objectives.

AXIS Capital agrees $2.3bn LPT with Enstar

AXIS said the transaction was predominantly attributable to casualty portfolios related to 2021 and prior underwriting years totalling $3.1 billion at September 30 .

Bahamas CPI holds steady in September 2024, reflecting stable inflation

When compared to September 2023, the Consumer Price Index (CPI), which measures the average change in prices paid by consumers for a basket of goods and services, declined by 0.8 percent.

Mapfre Re lists first cat bond

The three-year catastrophe bonds were a private placement and the listing sponsor was Walkers Listing Services.

Jersey: The Home of Alternative Capital

The Island’s agility, market innovation and it’s evolution into a specialist finance centre.

Concentric achieves Chartered Status and expands operations to Guernsey

Attaining the CISI Chartered FirmTM status in Jersey and obtaining our operating license in Guernsey is a testament to our team’s dedication

Resolution takeover leaves Nippon Life ratings unchanged

Nippon Life is buying the shares it does not already own in Resolution Life in the deal.

ABIR members contribute $1bn to Bermuda economy

The leading international re/insurers surveyed employed 2,140 full-time employees in Bermuda

Double ProShare Award Win Recognises JTC’s Shared Ownership Success

Earlier this year the global service provider granted share awards worth around £50m to its global workforce

Mourant expands presence with new office in the heart of London

The recently refurbished building features a redesigned reception and communal areas, bike storage and showers, ensuring a premium experience for the firm's team and clients.

Merchant Navy Ratings Pension Fund completes £450 million longevity swap via Guernsey captive

The transaction is structured via a Guernsey-based captive insurer owned by MNRPF’s trustee and onwards reinsurance to MetLife.

Enhance announces new ownership

The transaction received regulatory approval from the JFSC on Tuesday 3rd December

Allianz forms Bermuda life re/insurer

Deutsche Bank said in a release that Allianz sees the Sconset Re sidecar as representative of the opportunity it sees with its life and asset management business in the US.

Brit Re’s ratings affirmed

Brit Re’s very strong balance sheet strength is supported by historically profitable underwriting results and manageable premium growth.

AIM and Hedge Funds