Managers of Wealth Offshore

Guernsey housing market shows signs of stability amidst rising costs

The mix adjusted average monthly rental price for Local Market properties was £1,922 in the fourth quarter of 2023

Highvern partners with FutureTracker to enhance sustainability efforts

This will offer a deeper understanding of the company’s environmental impact and facilitate the setting of data-driven sustainability initiatives.

Coop users warned to expect reduced dividend payment or none at all

Channel Islands Cooperative Society members have been warned to expect the possibility of having a reduced dividend payment or none at all this year.

Pension association join top business group

“The pension sector is increasingly acknowledged as a ‘fifth pillar’ of the sector. As we proudly welcome GAPP, we strengthen our representation of the financial services industry in Guernsey.”

Sanctuary joins Summit Group

"The combination of our businesses is going to bring benefits to our clients and provide more opportunities for members of both teams.”

Focus on stability and competitiveness set out as part of new four-year plan at Jersey Finance annual update

2023 was another good year of consistent growth across our industry

Carey Olsen leads on TISE again

COCFL offers listing services from both Carey Olsen's Jersey and Guernsey offices.

RiverStone completes acquisition of Catalina’s Irish unit

The acquisition closed on February 2 after receiving regulatory approval in January.

Vantage expected to post 2023 operating profit

The agency affirmed the company's A- financial strength rating with a stable outlook.

Duperreault-backed insurer plans 'rapid' premium growth

The agency added that an adequate operating performance assessment and limited business profile assessment were based on Mereo’s business plan.

AM Best affirms ratings of Bermudian-based Vantage

AM Best said it expects full year combined ratios for 2023 to benefit from these changes and track closer to break even, leading to the group’s first full year of operating profitability.

Banking on a brighter future

The banking sector should look to the medical sector for inspiration on how to evolve

Thriving businesses could gain from inter-island co-operation

Our Island’s success is the result of a lot of hard work by many people

Timeless deposits tailored for you: FIMBank Classic Fixed Term Deposits

Protection offered by fixed term deposits extends beyond the tranquillity of a stable interest rate

Monument Re completes transfer of closed book portfolio

Monument Re is a reinsurer and asset consolidator with a track record in the acquisition and operation of portfolios or direct insurers in Europe.

AXIS Capital suffers $150m loss as prior year developments take toll

AXIS, which announced the prior year developments in a preliminary announcement last month, said it had underlying operating income of $254 million for the quarter.

DARAG completes purchase of Hawaii captive

DARAG’s onshore infrastructure enabled us to complete this acquisition effectively and we are pleased to be able to consolidate further our leading position within the US self-insured market.

Resolution Re in flow reinsurance agreement with Japanese insurer

The agreement comes on the heels of Resolution Life’s 2022 reinsurance deal with Dai-Ichi Life, underscoring the company’s ambition to expand its footprint in Asia, which it says is a “core market for future growth”.

SRS expands European footprint

Mr Quinn, executive chairman, Robus Group said: “Joining a business that is renowned for its specialist insurance management solutions is the natural next step in the development of our business.

Validus acquisition pays off for RenRe as net income soars

The company’s combined ratio fell to 76% from 80.5% in 2022.

AIM and Hedge Funds