Managers of Wealth Offshore

Jersey Water appoints Ravenscroft as new share broker

Today, the water utility has approximately 300 independent shareholders across all share classes, with the States of Jersey being the majority shareholder.

Deposit insurance fund grows past $40 billion

That is 21.6 per cent more than it was at the end of the prior year.

Financial analysis: Double-digit profits for MIA

During the first half of 2024, its revenues reached a record level of €64.4m

Financial analysis: Double-digit profits for MIA

During the first half of 2024, its revenues reached a record level of €64.4m

DARAG sells Bermuda and North American operations

DARAG was advised by PJT Partners and Nomura as lead financial advisers

Everest Group records Q2 net income of $724m

Net investment income improved to $528 million

Palomar Holdings reports Q2 net income of $25.7m

The outlook of these credit ratings has been revised to stable from positive.

Ledger Investing forms Cayman casualty subsidiaries

Ledger Investing will continue to provide support services for its casualty funds.

Q1 incorporations bounce back after rocky year

However, Robert Briant, partner and head of VI corporate practice at Conyers, said the relative stability of the totals is encouraging.

IGI net income drops on rise in short-tail losses

Return on annualised average equity was 22.9% for the second quarter of 2024 compared to 36.1% for the second quarter of 2023.

Green bond listing this year

The JSE expects to become the first stock exchange in the English-speaking region to facilitate the issuance of green and other sustainable bonds.

Vistra completes acquisition of Phoenix American Financial Services

Simon Webster, CEO of Vistra Group, stated: “Vistra’s vision is to make operating globally borderless and frictionless.

James River profit drops 60% despite investment boost

James River said gross written premiums dropped 3% to $412 million

Cayman fund formations rise in second quarter

Maples noted a consistent deal flow and many structured finance solutions that address capacity constraints among lenders.

Allied World gross written premium rises 8%

The company also said it completed an offering $600 million in 30-year 6.1% senior notes

Essent rides rising interest rates to profit hike

Insurance in force as of June 30, 2024 was $240.7 billion, up 8% from $235.6 billion in the second quarter in 2023.

Ready for liftoff

That changed in early 2023 as the hard market took hold and the $100 billion barrier was broken in the first and second quarters of the year.

Finance Isle of Man launches Sustainable Finance initiative

This project aims to enhance the Island’s reputation as a leading International Finance Centre by facilitating capital flows for sustainability-based products.

Rate cut 'great news' for Channel Island borrowers

The announcement was made hours after new figures confirmed average property prices in Jersey fell by 9% in the year to June.

JTC completes acquisition of First Republic Trust Company of Delaware

The acquisition has been finalised following receipt of final regulatory approvals and the satisfaction of other closing conditions, further to its initial announcement on 22 April 2024.

AIM and Hedge Funds