Managers of Wealth Offshore

Insurance Update with William Lewis

With the market materially hardening in many areas, particularly reinsurance, this is leading to significantly increased premiums and lack of sufficient coverage.

2023 UK Budget initial reaction and the impact on the islands

What did Jeremy Hunt actually have to say that affects us in the islands? To quote that learned magician Paul Daniels: “Not a lot”.

Guernsey finance firms confident for future, survey finds

Difficulties with housing and finding staff were identified as the major challenges.

Savills announce preliminary results for 2022

This activity has been underpinned by plenty of hard work and ensuring our clients receive the very best service – and we look forward to continuing that support and looking at ways to grow our business further over the coming months.

The impact of the EU’s Alternative Investment Fund Managers Directive (AIFMD) on structures established in Luxembourg: What steps must be taken to comply with the Directive?

Specific requirements are applicable with respect to the members of the management body

London-headquartered investment firm unveils Cayman Islands offering

Following demand for its services in the region

Aztec Group announces expansion into Ireland, establishing hub in Kilkenny City

A recruitment drive is now underway to build a team of approximately 30 over the coming months.

Sustainable Growth Fund, a convenient option for investors seeking St Kitts and Nevis Citizenship

St Kitts and Nevis is offering a limited-time offer (LTO), and the offer ends on June 30 2023.

Sentiment Survey highlights confidence in the future of finance in Guernsey

The results confirmed healthy business development and profitability – as reported by 92.9% and 83.3% of respondents respectively.

Private Equity Wire hands out European Awards

Private Equity Wire has announced the winners of its European Awards 2023, which recognise excellence among private equity fund managers and service providers in Europe across a wide range of categories.

NatWest International’s transformed Library Place branch reopens today

This fresh-looking hub is in the centre of St Helier and ventures beyond the traditional banking hall and offers customers and the community a host of new features.

JT seeks students for new training schemes

Sarah Gosiewska, Head of Talent at JT, said all caliber of candidates are welcome no matter how developed their knowledge of the industry is.

New ‘best of Bermuda’ broker to plug the knowledge gap

In this hard market, there are opportunities for a new type of brokerage that has technology at its core combined with deep broking knowledge and expertise.

AM Best: 1/1 renewals brought badly needed rate increases

“Some of this caused the recent soft market that the industry is going through,” he said.

Guernsey’s next generation invests in their future

At the start of the competition in October, the teams were each given a fictional £1 million to invest.

Specialty lines steadily growing in Bermuda market

One challenge was whether to hire a team of specialist underwriters or a team of generalist underwriters, he said.

Bermuda leading the way on legacy insurance

“I think the conventional wisdom for years was a business with no new premium coming in was inherently much more risky than a business where you were still continuing to underwrite.”

‘Opportunists’ causing more insurance claims are in the sights of ratings agencies

Petrelli was speaking at a panel debate titled “Global Financing Conditions—a Rating Agency Discussion”, on the second day of the Summit at the Fairmont Hamilton Princess.

Apex builds out its Brazilian presence

BRL DTVM grows Apex Group’s footprint in Brazil to more than 300 employees, enhancing open-ended fund-servicing capabilities to the local market.

SiriusPoint and Arcadian Risk extend partnership to 2026

SiriusPoint is a key partner to the company, providing the majority of Arcadian’s underwriting capacity.

AIM and Hedge Funds