Managers of Wealth Offshore

RenRe reports second-quarter net income of $191m

RenRe reported a 13.5 per cent annualised return on average common equity and 28.8 per cent annualised operating return on average common equity.

Equilibria increases stake in Argus

BF&M has implemented a so-called poison pill defence in an apparent bid to fend off the $100 million bid.

Queue lines up Bermuda office

Queue said its new location is part of the company’s ongoing growth plans.

Equilibria now owns 23.9% of Argus

The two companies entered into a “relationship agreement” at that point, and as part of the deal, the investment company got a seat on the board.

Importance of substance and innovation in complex environment highlighted by JFA Chair

With figures in early 2023 indicating that the total net asset value of funds under administration in Jersey stood at a record high of more than half a trillion pounds

New Local Economy Strategy to be implemented by Business Isle of Man

Over the next three months Business Isle of Man will be conducting a number of consultations to develop a robust evidence set to support the strategy

Ashburton Investments launches equity fund

Cooke commented: "With our new fund, we invest in companies we believe look to deliver above-market levels of earnings growth on a sensible valuation.

Somerset Re agrees to reinsure $12.5bn block of Prudential life policies

“Somerset Re is pleased to expand its risk management support for Prudential Financial in this transaction,” said Jeffrey Burt

Assured Guaranty unit retains A+ rating

AM Best said the company’s life financial reinsurance program continues to exhibit risk profiles with very low loss probability.

Swiss Re structures Blackstone’s first indemnity cat bond

This transaction is the result of a collaboration between Blackstone and ILS investors to develop a new solution that fits the challenges of an asset manager and expands the boundaries of the ILS market.

RF launches new private equity fund to invest in private Bahamian companies

The private equity opportunities selected by the Fund will be vetted by the Fund’s investment Advisor prior to seeking investor participation.

AM Best affirms rating of Suramericana captive

AM Best assesses the company’s balance sheet strength as very strong

BF&M announces poison pill defence

Under the rights plan, the rights will become exercisable if an entity, person or group acquires beneficial ownership of 15%

PB Group acquires 100 per cent of Thomas Smith insurance, logistics businesses

Acquisition in line with Group’s strategy for international growth and regional excellence

Report finds Guernsey housing costs more than anywhere else in Europe

The head of Guernsey's Environment & Infrastructure committee, who produced the report, says that housing underpins island life.

DARAG Bermuda completes two captive transactions

We are pleased to be able to meet that demand and further develop our relationship with the US self-insured market.

Marco Capital buys Kelvin Re

Humboldt Re, Marco’s 100% owned Guernsey subsidiary, is the acquiring entity.

Panama secures US$200mn from IDB for energy transition

The bank also gave its nod to technical cooperation funds to back Panama’s efforts to deploy solar distributed generation and micro-grids.

Pension reform for St Vincent and the Grenadines

These changes, he said, would allow the social security agency to be able to continue providing its essential services to the people of St Vincent and the Grenadines

Prominent Mosta branch is 25th in Malta’s fastest growing real estate network

Run by real estate professional Andrew Agius and his growing team of sales and letting advisors

AIM and Hedge Funds