Managers of Wealth Offshore

Bermuda urged to promote its captive market

The island pioneered the captive concept in the 1960s, and now lists more than 600 captives writing more than $30 billion in gross premiums annually, with assets of more than $142 billion.

Cayman hits record 30,000 registered investment funds

CIMA Managing Director Cindy Scotland said there were several reasons for the popularity of Cayman’s investment funds framework with investors.

Fund registrations in Cayman reach 30K milestone

Cayman Finance CEO Steve McIntosh indicated this milestone speaks to the enduring quality of the Cayman product.

Brit’s profits up at half-year mark

Insurance premium written decreased to $1.96 billion from $2.02 billion in the first half of 2023.

Aon targets growth in Bermuda reinsurance

Aon said it is adding five new staff to its Bermuda team subject to immigration approvals and expects to add more staff thereafter.

Islefact impact and risk service launched

Having a diverse economy is always advantageous for an island.

IoD Jersey 2024 Director of the Year Awards finalists announced

Alex Ruddy, Chair, IoD Jersey, said: “This year’s finalists prove that Jersey’s leadership talent is thriving across all areas of the economy."

Launch of Reckon Financial Services Promises Disruption in the Sector

The Jersey headquartered company, which received its Trust Company Business licence during the summer, has been co-founded by Alfie Greenway and Jim McCartan.

Alternatives Watch: A Proactive Approach

It focuses on statistics that point to the rebalancing away from traditional collective investment vehicles

US, Bermuda reinsurers expected to continue strong performance in 2024

Significant realized and unrealized investment gains and higher net investment income also contributed to strong net earnings in 2023.

Law At Work acquires Insight Limited

The Insight team have joined LAW at their offices in Seale Street.

Aztec Group welcomes Warburg Pincus as strategic partner

The investment is a significant endorsement of Aztec’s current strategy and future prospects.

Engel & Völkers named to Franchise Business Review’s 2024 Culture100 List

Engel & Völkers was among more than 360 franchise brands, representing more than 36,000 franchise owners, that participated in Franchise Business Review’s research on the best franchise cultures.

SiriusPoint partners with Gigasure for travel insurance

Created in partnership with Blink Parametric, these travel delay benefits provide real-time claim support.

Reckon Financial Services launches in Jersey

Reckon Financial Services offers a range of services to provide clients with opportunities to strengthen their financial function and bottom line.

Bermuda firms benefit from surge in annuity reinsurance

Bermuda and the Cayman Islands have gained in popularity due to their stable political and economic environments and regulatory landscapes

Catastrophe bond market grows to record $45.6bn

Bermuda is among the leading ILS jurisdictions, and the Bermuda Stock Exchange is the global listing leader.

Strategic Wealth Preservation opens purpose-built facility equipped with two impenetrable Class III vaults

That purpose is to buy and store physical gold and silver in what is arguably the safest and most highly-rated vault facility in the Caribbean.

External reserves grow by $71 million in July, reaching $3 billion

This improvement was supported by a shift to a net inflow of $26.4 million from the public sector, compared to a net outflow of $45.4 million in 2023.

JTC announces plans for acquisition

This acquisition is exciting for us, as share plan services are closely aligned with our own shared ownership philosophy

AIM and Hedge Funds