Managers of Wealth Offshore

AM Best reviews Sompo credit after $3.5bn Aspen deal

Aspen is known for its speciality underwriting portfolio and worldwide presence.

Sir Franklyn hails BOB’s ‘tremendous turnaround’

Ordinary, or equity, shares give investors an ownership stake in the companies that issue them, and Sir Franklyn also voiced optimism that Bank of The Bahamas’ recovery will entice other firms...

HSBC Bank Malta falls to 18-month low

Trading activity on Wednesday amounted to €0.20 million.

Employers reveal “heavy burden” of family-friendly law, survey results show

The survey showed that the pinch was felt particularly for small and medium-sized businesses.

BML achieves full ATM coverage in HDh. atoll

CEO Mohamed Shareef highlighted the bank’s continued efforts to improve financial accessibility across the Maldives

APC Strengthens Local Investments, Prepares Launch of APC Bank in 2025

The fund also confirmed progress on the establishment of the APC Bank, which is expected to become operational by the end of the second quarter of 2025.

Central Business Centres given more time to repay €3.2m bond

The company said the repayment date has now been moved to February 28

CI based consultant shortlisted for Business Analyst of the Year

CBO’s David Palzeaird is one of eight finalists, with the winner due to be announced later this month.

Life in Finance Work Experience Initiative Continues to Grow

The students undertook work placements during the summer break in one of 30 participating financial services firms.

Malita halts dividend amid rising costs for housing project

Muted trading was the lowest since the beginning of May

Banks say mortgage delay issues do not affect all

Estate agents in the bailiwick said delays were adding "extra stress" for buyers and sellers in recent years.

Jersey business analyst shortlisted for national award

The eight finalists will be guests at the annual IRM UK Business Analysis Conference Europe in London next month, where the winner will be announced.

Guernsey to forge more trade links with France

Deputy Kazantseva-Miller studied management and business at the London School of Economics and also ran her own company:

Sompo to acquire Aspen in $3.5bn deal with unanimous board support

The deal, widely flagged, comes as no surprise given that Japan’s non-life insurers have been ordered to sell off local equity holdings by the Japanese regulator, leaving them awash with cash.

Japanese insurers turn to Bermuda

Bermuda’s role in the global life and annuity reinsurance market is growing, driven by offshore activity from American cedants and international players alike.

Large US Treasuries holdings in the Cayman Islands: What’s that about?

Some industry associations counter that such measures could make markets more unstable if they prompt sudden deleveraging.

Bank of Valletta strengthens its focus on customer experience

Voice of the Customer programme drives bank-wide improvements

Financial analysis: Share buybacks and safe harbour

‘Initiative should be in force annually for companies that have the right credentials’

Panama opportunity for Barbados

He cited Panama’s average economic growth of around eight per cent since reclaiming control of the strategic waterway from the United States in 1999.

Government posts $29.4M fiscal surplus in May as spending declines sharply

By contrast, property tax collections fell $11.4 million to $10.5 million, as last year’s numbers had been boosted by arrears payments.

AIM and Hedge Funds