Managers of Wealth Offshore

More challenging investment conditions in 2022

Although high-grade bond issuance was down slightly, mainly because many blue chip companies raised so much debt in 2020, junk-rated bond debt soared.

US$100 million private equity dispute heads to trial

The case centres on Port Fund’s sale of its main investment asset Clark Global City, a property development in the Philippines, in November 2017.

Teneo Acquires KPMG’s Cayman and British Virgin Islands Restructuring Business

The acquisition expands the Teneo footprint into another key financial market, bringing its global Financial Advisory headcount to 350 professionals across the U.S., Europe, Asia-Pacific and the Caribbean.

Acclime doubles presence in Malaysia

Acclime's expansion in Malaysia continues its active growth as the Asia specialist in providing compliance and corporate services throughout the region.

DBJ seeks two SME fund managers, $6 billion to be deployed

Upon selection, the SME Fund Managers are expected to raise capital of at least twice the value of the $2 billion invested by the DBJ - $4 billion.

Fortitude Re buys TPAs from AIG

The FPCS acquisition allows Fortitude Re to provide proactive casualty claim management services for many employee injury, legacy environmental and complex casualty programmes.

Apollo/Athene merger closes

This combination is a competitive differentiator and a growth accelerant, bringing expected benefits to all of our shareholders, policyholders and important stakeholde

Government considering US$400 million bond issue

Currently, all of government debt is in the form of various loans from local banks, most of it with a maturity of fewer than six years.

DARAG Bermuda completes novation for Cayman reinsurer

“The completion of the deal provides the company with a clean economic exit and certainty about future development.

Velocity Risk MGA majority stake sold to Oaktree by Nephila

Now, Velocity Risk provides insurance coverage to customers in many of the most catastrophe-exposed areas of the United States.

Bermuda-based managing general agent embarks on international expansion

Before that, he was SVP of executive and professional lines at Berkshire Hathaway Specialty Insurance, tasked with starting up and building out the executive and professional lines business in Canada.

Global Bond Winners for 2021

A deeper look into 2021 performance shows the top performers have mostly fallen in price, but coupon returns were high enough to offset these losses.

SiriusPoint invests in tech-enabled Canadian life business

The transaction also provides SiriusPoint with direct access to Canada’s growing life re/insurance market.

Nephila to launch new Lloyd’s Syndicate in January

The new syndicate will focus on short to medium tail lines of business accessed through partnerships with leading underwriters.

Argo sells off Malta business

The deal also follows the sale of Argo’s Italian business last December and, more recently, its Brazilian business in October.

Money Manager Disappears With $313 Million From China Developer

Fortune Land is among a growing list of Chinese developers that are embroiled a debt crisis following Beijing’s deleveraging campaign aimed at defusing financial risks and making housing more affordable.

TISE becomes home to a Singaporean first

At Bedell we are seeing continued strong demand for REIT listings on TISE and, with our experience on working with EliteCReit and other clients, we are well placed to assist in bringing those to market.

JTC Further Bolsters US Platform with Acquisition

EFS offers a broad range of services in the alternative assets space, including accounting, reporting and administrative services to investment partnerships and their investment managers.

Ogier advises American Express Global Business Travel

The Ogier team worked alongside Skadden Arps Meagher & Flom in New York and provided advice to GBT on the Jersey aspects of the business combination including the roll up of the equity interests of current shareholders into the combined company.

International business needs certainty on BMA fee levels, OBA leader says

Mr Dickinson said the changes would be “entirely revenue neutral” and any appropriate duty rate changes would be included in the 2022-23 Budget.

AIM and Hedge Funds