04/05/2023
Darag Bermuda renews agreement with Cayman captive
Joel Neal, executive vice-president, M&A, at Darag North America, added: “It’s a pleasure to renew this business with our Cayman-based partner.
AIM and Hedge Funds
04/05/2023
Gallagher Re: reinsurance renewal discipline held
It noted: “In some cases, particularly within smaller markets that had escaped previous rate hikes, significant structural changes were imposed by reinsurers. These dramatic adjustments may have impacted ceding insurers’ financials profoundly.
04/05/2023
TISE continued strong performance in 2022
More jurisdictions also facilitated their business with TISE, with three new members from Ireland and one from Jersey joining 39 other trading members.
04/05/2023
Rialto announces acquisition of ICN Toole & Co and Dumaresq
These latest acquisitions will form part of Purpose, expanding the accounting and tax practice for Jersey individuals, companies, partnerships and trusts.
04/04/2023
Clarien buys Omnium Group
Omnium Trust will amalgamate with Clarien Trust Limited, and Omnium Corporate Services will amalgamate with Clarien Corporate Services Limited.
04/04/2023
Fortitude Re closes block reinsurance deals
“We are pleased to announce two significant reinsurance transactions with our partners in Japan, which will continue to propel our international strategy to deliver thoughtful and tailored reinsurance solutions on a global scale.”
04/04/2023
Jersey’s funds, banking and corporate sectors post positive end-of-year figures
Across the core alternative asset classes – which now make up 78% of total funds business in Jersey – the hedge fund sector in particular contributed to growth, increasing by some 24% over the twelve months.
04/04/2023
R&Q to split legacy and program management units
However, given Accredited’s current size and scale, R&Q said it believes it is in the best interests of R&Q’s shareholders for Accredited to stand on its own.
04/03/2023
Alderney's economy shows resilience
Employers submit a return detailing their sector, size, income and expenditure.
04/03/2023
Mosaic’s Co-CEO Blaser inducted into Hall of Fame
Blaser has decades-long connections with GW University since graduating with his Bachelor of Business Administration degree.
04/03/2023
Athora before tax profits rise for fiscal 2022
Mike Wells, group chief executive officer, said: “2022 has been a pivotal year for Athora."
04/03/2023
Buyers absorbed more rate hikes in April 1 renewal
The combination of catastrophe losses and mark to market investment losses in 2022 means reinsurers will continue to coax the market towards rates which will help returns exceed the cost of capital.
03/31/2023
How Ireland could emerge as a solution to the fund industry's tight skills market, despite fighting a 'war for talent' itself
Previously, the country was primarily known as a back-office hub, but it is now transitioning towards middle-office roles, with an emphasis on attracting jobs in risk and compliance.
03/31/2023
Growth in residents' deposits, credit, moderates, Central Bank reports
Loans to households edged down to 8.8% in January, from 9.4% in the previous month
03/31/2023
The International Stock Exchange reports record-equalling turnover for 2022
During the year, there was continued diversification across TISE’s core bond market offering, the Qualified Investor Bond Market (QIBM).
03/31/2023
Search begins for Isle of Man Government’s Chief Executive Officer
This is an exciting opportunity and we are casting a wide net to attract the very best candidates with a proven track-record.
03/30/2023
BDA releases end-of-year report
Similarly, the BDA assisted a client with setting up a Class 4 reinsurer in Bermuda within a limited time frame in December 2022
03/29/2023
IQ-EQ expands global footprint into United Arab Emirates
This announcement follows receipt of requisite approvals from the DIFC and the Dubai Financial Services Authority (DFSA) for IQ-EQ UAE to offer a comprehensive suite of investor services
03/29/2023
Jersey Finance Hosts Reception to Formally Launch Singapore Presence
The official launch follows on from Jersey Finance’s appointment at the end of last year of Yiow Chong Tan as Business Development Director for the South East Asia market, based in Singapore.
03/28/2023
BF&M loses nearly $9 million for the year
Our balance sheet and capital position is exceptionally strong, supported by effective risk management and disciplined capital allocation across our diversified businesses.