Managers of Wealth Offshore

Everest records record result as reinsurance jumps

Gross premiums in primary insurance grew 11.6% to $1.4 billion in constant dollars

Winner of Outsourcing Firm of the Year Jersey

BDO Jersey is one of the largest independent firms of accountants and advisers in the Channel Islands

Far from boring: Delving into the world of bonds

The bond market encompasses various types of bonds, each with distinct characteristics.

Banking sector profits up 32.9% year-on-year

The BMA said this was mainly due to the combined impact of lower total income and higher operating expenses. Total income fell by 2 per cent while total expenses rose by 10.7 per cent quarter-on-quarter.

Warwick Re completes first transaction

We are delighted to add Warwick Re to our panel of reinsurers

St Kitts and Nevis PM Launches Financial Initiative for Students

Prime Minister Dr. Terrance Drew of St Kitts and Nevis announces a financial initiative for students, including bank accounts with an initial deposit of EC$1000 and company shares.

White Mountains expects to be tax-exempt until 2030

Results in 2022 also included the net gain from the sale of NSM of $876 million.

Aon Bermuda executive passes away

Karl DeGiovanni, director of client solutions – EMEA at Aon, said in a statement on LinkedIn about the death of Britton: “I am deeply saddened by the sudden passing of a colleague and long time friend.

NCB to sell its banking business in the Cayman Islands

This strategic move also aligns well with the ongoing efforts of NCBJ’s parent company

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.

AIM and Hedge Funds