Managers of Wealth Offshore

Upbeat credit ratings affirmed for IGI Holdings

The outlook of these credit ratings is stable.

Jersey Sets Out its ESG Stall

Elliot Refson, Head of Funds, was recently interviewed by Private Funds CFO.

Mosaic continues global expansion with launch of Frankfurt office

Mosaic plans to further expand its presence in Frankfurt over the next 12 months with additional senior hires.

Year-on-year premium growth averaged 13% at 9M 2022: Gallagher Re report

Higher risk-free interest rates and retained profits supported an increase in average European solvency to 228% (FY 2021:226%)

AM Best maintains stable rating on global reinsurance

“This has been compounded by financial, economic, social, and geopolitical uncertainty in general,” the report said.

Fidelis Insurance creates new MGU

The privately owned Bermudian-based holding company said approvals or non-objections had been received from the Bermuda Monetary Authority as well as the FCA and PRA in the UK, CBI in Ireland, and FSMA in Belgium.

BOV Asset Management named official representative of Fidelity International in Malta

Speaking about the commercial partnership with Fidelity International, Mr Farrugia said that this will enable the Bank and appointed intermediaries of BOV Asset Management to provide customers with a broader range of investment products.

IoD Jersey Director of the Year Awards winners announced

Chair Award – Lisa Springate (Head of Legal and Technical, Jersey Finance)

Superintendents’ captive insurer has credit ratings affirmed

AM Best has also affirmed Transmonde’s long-term issuer credit rating of “a” and said the outlook of the ratings is stable.

Global Custodian hands out Industry Leaders Awards

Innovation in ESG Reporting – Alter Domus

Rising reinsurance rates loom for January renewals

The rating agency therefore forecasts broadly stable underlying profitability for the global reinsurance sector in 2023

Insurer registrations keeping pace with 2021, says BMA

Of the 12 insurance applications, seven were approved by Insurance Assessment and Licensing Committee and five were deferred.

States back secondary pensions (at the second attempt)

The four deputies who voted against introducing the secondary pension scheme yesterday had also voted to delay debate in May.

PR accolade for Guernsey firm

"We have been working towards this assessment throughout 2022, and the experience has helped us to strengthen our processes and policies," said Nichole Culverwell, Black Vanilla’s Agency Director.

Fitch predicts an at-least 10 percent rise in rates

We expect double-digit percentage premium rate rises for property catastrophe cover in 2023

BDA unveils plans for 2023 risk summit

Bermuda is known as the world’s risk capital, a well-deserved reputation built on a solid track record of innovation, growth, teamwork, and our ability to meet market demands.

Skipton’s UK mortgage lending totals £1 billion

Our mortgage turnaround time from application to decision is exemplary and being a smaller bank means we are able to act nimbly.

Students Debate a Ban on Single Use Plastics at the 13th Conyers Inter-schools Debate Tournament

The final round of the Open debate was judged by the Hon Madam Justice Carter of the Cayman Islands Grand Court

Jamaica urges Trinidad businesses to invest in Caribbean country

The mission will be in Jamaica until Thursday and Hill cited Jamaica’s economic growth rate, as well as a trainable workforce, as major pull factors for investment.

JTC Wins Global Fund Administration Award at New York Ceremony

The award recognises firms that have significantly increased their international presence and are seen to be on a successful growth trajectory.

AIM and Hedge Funds