Managers of Wealth - Offshore http://offshore.managersofwealth.com/ Fri, 09 May 2025 04:23:49 BST part of MediaG8way Group http://offshore.managersofwealth.com/ http://offshore.managersofwealth.com/assets/images/logo.png Managers of Wealth - Offshore KohanaPHP Joint Statement from GAM Investments and Fermat Capital Management regarding GAM FCM Cat Bond Fund (BVI) News Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63467/joint-statement-from-gam-investments-and-fermat-capital-management-regarding-gam-fcm-cat-bond-fund-bvi The BVI Fund will undergo an orderly and managed transition to Fermat. Wealth and Asset Management Butterfield earns Q1 profit of $53.8m News Aggregation Team Thursday, April 24, 2025 1:00 am http://offshore.managersofwealth.com/article/63336/butterfield-earns-q1-profit-of-538m Core net income was up slightly at $56.7 million, or $1.30 per diluted common share, compared with $59.6 million, or $1.34 per diluted common share, for the previous three months. Wealth and Asset Management Trust and corporate services provider, Fort, acquires Cogent News Aggregation Team Tuesday, April 15, 2025 1:00 am http://offshore.managersofwealth.com/article/63271/trust-and-corporate-services-provider-fort-acquires-cogent The integration will deliver expanded service offerings, increased scale and two new jurisdictions. Wealth and Asset Management Julius Baer Guernsey wins big seven years in a row News Aggregation Team Monday, April 14, 2025 1:00 am http://offshore.managersofwealth.com/article/63255/julius-baer-guernsey-wins-big-seven-years-in-a-row This is the seventh year in a row that Julius Baer Guernsey has won at the Euromoney Private Banking Awards. Wealth and Asset Management Opera Limited expands Oak Group with strategic acquisition of Bahamas fiduciary business News Team Monday, April 14, 2025 1:00 am http://offshore.managersofwealth.com/article/63257/opera-limited-expands-oak-group-with-strategic-acquisition-of-bahamas-fiduciary-business This strategic move aligns with Opera’s broader plan for sustainable growth through acquisitions, operational efficiencies, and innovation. Wealth and Asset Management WealthBriefing award for RBC Wealth Management Jersey team News Aggregation Team Friday, April 11, 2025 1:00 am http://offshore.managersofwealth.com/article/63238/wealthbriefing-award-for-rbc-wealth-management-jersey-team The wins cement RBC Wealth Management’s strong expertise in managing complex trust structures for its clients. Wealth and Asset Management 19 long-service awards celebrated at Saffery Trust News Aggregation Team Friday, April 11, 2025 1:00 am http://offshore.managersofwealth.com/article/63239/19-long-service-awards-celebrated-at-saffery-trust With just over 100 employees in its Guernsey office, 63% of the team have now been with Saffery Trust for between five and 40 years. Wealth and Asset Management America's wealthiest see Channel Islands as 'attractive' place to move money, financial bosses say News Aggregation Team Thursday, April 10, 2025 1:00 am http://offshore.managersofwealth.com/article/63222/americaamp039s-wealthiest-see-channel-islands-as-amp039attractiveamp039-place-to-move-money-financial-bosses-say With the stock markets spooked, leading to their worst day since the pandemic, there are American fears that restrictions could stop the country's wealthiest from moving money overseas. Wealth and Asset Management Praxis Returns to Fund Administration in Jersey Following Regulatory Approval News Team Tuesday, April 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63190/praxis-returns-to-fund-administration-in-jersey-following-regulatory-approval The operation in Jersey complements Praxis’ existing fund administration services in the Middle East Wealth and Asset Management Union Bancaire Privée completes acquisition of SG Kleinwort Hambros, strengthening UK presence News Team Tuesday, April 01, 2025 1:00 am http://offshore.managersofwealth.com/article/63110/union-bancaire-privampeacutee-completes-acquisition-of-sg-kleinwort-hambros-strengthening-uk-presence All UBP London-based teams will move into a new office in Marylebone later this year. Wealth and Asset Management Sompo International taps AIG veteran for board chair News Aggregation Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63485/sompo-international-taps-aig-veteran-for-board-chair Manhem, with nearly 40 years of experience, has been an independent non-executive director at SI Insurance (Europe) since 2023. Executive Moves Aon appoints veteran to head Bermuda reinsurance operations News Aggregation Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63486/aon-appoints-veteran-to-head-bermuda-reinsurance-operations Her appointment reflects Aon’s commitment to the Bermuda market and to elevating our talent as we deliver career opportunities for colleagues. Executive Moves Fidelis names Peter Welton as head of specialty News Aggregation Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63470/fidelis-names-peter-welton-as-head-of-specialty In his new role, Mr Welton will report to John-Paul O’Hare, director of underwriting at the Bermudian-based firm. Executive Moves KPMG adds three to advisory and tax teams News Aggregation Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63472/kpmg-adds-three-to-advisory-and-tax-teams She brings expertise in international corporate tax, cross-border compliance and tax treaty analysis. Executive Moves Everest names head of renewable energy News Aggregation Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63473/everest-names-head-of-renewable-energy Everest said the move comes in response to growing global demand for insurance solutions in the renewable energy sector. Executive Moves Cayman Finance congratulates Premier André Ebanks and the new government News Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63478/cayman-finance-congratulates-premier-andrampeacute-ebanks-and-the-new-government Cayman Finance looks forward to working collaboratively with the new government to support the continued growth and innovation of the Cayman Islands’ financial services industry, which remains a main pillar of the country’s economy. Executive Moves Managing director of bank in Isle of Man retires from role News Aggregation Team Tuesday, May 06, 2025 1:00 am http://offshore.managersofwealth.com/article/63455/managing-director-of-bank-in-isle-of-man-retires-from-role ‘Nigel's invaluable contribution to Cayman National Bank (Isle of Man) Limited cannot be overstated’ Executive Moves Partners Real Estate appoints chief compliance officer News Aggregation Team Tuesday, May 06, 2025 1:00 am http://offshore.managersofwealth.com/article/63456/partners-real-estate-appoints-chief-compliance-officer ‘We’re delighted to welcome such an experienced leader to the team’ Executive Moves Sagicor announces organisational changes to support business growth News Aggregation Team Tuesday, May 06, 2025 1:00 am http://offshore.managersofwealth.com/article/63458/sagicor-announces-organisational-changes-to-support-business-growth This expanded portfolio will enable a more integrated approach to supporting client needs, driving operational efficiencies, and positioning the Business for new opportunities in other geographies. Executive Moves VG Bolsters Board and Leadership Team with Three Industry Leaders News Team Tuesday, May 06, 2025 1:00 am http://offshore.managersofwealth.com/article/63459/vg-bolsters-board-and-leadership-team-with-three-industry-leaders In addition to organic growth, the firm is exploring strategic M&A. Executive Moves Tax-free Maldives financial centre ‘will not compete’ with Dubai and Abu Dhabi hubs News Aggregation Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63488/tax-free-maldives-financial-centre-amplsquowill-not-competeamprsquo-with-dubai-and-abu-dhabi-hubs The project, being built by Dubai-based MBS Global, is expected to create 16,000 jobs, CEO says Tax Bermuda announces tax relief measures in new budget News Aggregation Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63479/bermuda-announces-tax-relief-measures-in-new-budget The budget also increases the duty-free allowance for returning residents from $200 to $300; the first adjustment to this allowance in more than ten years. Tax Birmingham inheritance tax bombshell as expert warns of family feuds News Aggregation Team Monday, May 05, 2025 1:00 am http://offshore.managersofwealth.com/article/63443/birmingham-inheritance-tax-bombshell-as-expert-warns-of-family-feuds Risk of families being dragged into frozen tax has rocketed with levy stuck at £325k for more than 15 years Tax Super tax battle must start before it drives the rich offshore and triggers another house price surge News Aggregation Team Monday, May 05, 2025 1:00 am http://offshore.managersofwealth.com/article/63446/super-tax-battle-must-start-before-it-drives-the-rich-offshore-and-triggers-another-house-price-surge Crucially, because there is no arrangement to index the new tax to inflation, it is going to affect a rapidly widening segment of the population in years to come. Tax Bowe urges tax harmonization as DMTT impacts banking sector News Aggregation Team Thursday, May 01, 2025 1:00 am http://offshore.managersofwealth.com/article/63418/bowe-urges-tax-harmonization-as-dmtt-impacts-banking-sector “The issue that has been raised with the government is that you have the potential for double taxation,” said Bowe. Tax Tax season 2025 by the numbers: Strategic planning for businesses News Aggregation Team Wednesday, April 30, 2025 1:00 am http://offshore.managersofwealth.com/article/63395/tax-season-2025-by-the-numbers-strategic-planning-for-businesses For business owners, reading between the lines of this data can unlock strategic moves that save money and reduce tax friction, Ramp explains. Tax Grant Thornton expands reach with new global partnerships News Aggregation Team Monday, April 28, 2025 1:00 am http://offshore.managersofwealth.com/article/63364/grant-thornton-expands-reach-with-new-global-partnerships The firm confirmed that these new firms will be integrated into the broader Grant Thornton International network, which operates in over 150 global markets. Tax Domestic minimum top-up tax erodes FINCO's Q1 net profits News Aggregation Team Monday, April 28, 2025 1:00 am http://offshore.managersofwealth.com/article/63367/domestic-minimum-top-up-tax-erodes-fincoamp039s-q1-net-profits It notes though, that the declines were partially offset by the bank’s reduction in operating expenses. Tax Employers and contractors tax deadline looms News Aggregation Team Monday, April 28, 2025 1:00 am http://offshore.managersofwealth.com/article/63373/employers-and-contractors-tax-deadline-looms A £250 penalty applies if returns are late Tax Grant Thornton (Cayman) LLP to join multinational platform led by Grant Thornton Advisors LLC News Team Friday, April 25, 2025 1:00 am http://offshore.managersofwealth.com/article/63342/grant-thornton-cayman-llp-to-join-multinational-platform-led-by-grant-thornton-advisors-llc The expanded platform will continue to be part of the Grant Thornton International Limited network, which comprises member firms in more than 150 markets worldwide. Tax BoJ to pay 6.25% per year on another 30 day fixed rate Certificate of Deposit News Aggregation Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63495/boj-to-pay-625-per-year-on-another-30-day-fixed-rate-certificate-of-deposit The interest paid on the instrument will be taxed at a rate of 25 per cent. Regulation, Risk & Compliance Standing room only: a “person aggrieved” under s.273 of the BVI Insolvency Act 2003 News Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63498/standing-room-only-a-ampldquoperson-aggrievedamprdquo-under-s273-of-the-bvi-insolvency-act-2003 This was the first appeal reaching the Board from the Court of Appeal of the British Virgin Islands concerning the meaning and scope of section 273 of the IA1. Regulation, Risk & Compliance Government has “no intention” of mandating gender pay gap reporting News Aggregation Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63468/government-has-ampldquono-intentionamprdquo-of-mandating-gender-pay-gap-reporting The aim of the meeting was to establish what, if anything, the Government is doing to encourage gender pay gap reporting in both the public and private sectors. Regulation, Risk & Compliance Credit Suisse pleads guilty to tax crimes, agrees to pay $511M News Aggregation Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63469/credit-suisse-pleads-guilty-to-tax-crimes-agrees-to-pay-511m The lender now owned by UBS pleaded guilty to conspiring to hide more than $4 billion from the IRS in at least 475 offshore accounts. Regulation, Risk & Compliance And finally… banking on paradise News Aggregation Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63471/and-finallyamphellip-banking-on-paradise Due to be completed by 2030, the aim is to notably increase the country’s GDP within four years with projected revenue to be well over $1bn by the fifth year. Regulation, Risk & Compliance MVR 100 million decrease in money circulating in economy News Aggregation Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63474/mvr-100-million-decrease-in-money-circulating-in-economy As per central bank Maldives Monetary Authority (MMA)'s annual report, MVR 59.1 billion is being circulated in the Maldives economy at present. The amount of money in circulation recorded in 2023 was at MVR 59.2 billion. Regulation, Risk & Compliance Wilton Re CEO: residency issue hinders international business News Aggregation Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63480/wilton-re-ceo-residency-issue-hinders-international-business Ms Oliveira said this is a disruption, not just for the impacted families, but to business continuity and institutional knowledge within the international business sector. Regulation, Risk & Compliance URCA boosts 2025 budget by 15 percent to support expanded regulatory mandate News Aggregation Team Tuesday, May 06, 2025 1:00 am http://offshore.managersofwealth.com/article/63454/urca-boosts-2025-budget-by-15-percent-to-support-expanded-regulatory-mandate According to the draft, URCA will continue prioritizing sustainability, regulatory transparency, and consumer protection, positioning itself as a more agile and forward-looking regulator. Regulation, Risk & Compliance Central Bank records positive economic growth for the first 9 months of 2024 News Aggregation Team Tuesday, May 06, 2025 1:00 am http://offshore.managersofwealth.com/article/63457/central-bank-records-positive-economic-growth-for-the-first-9-months-of-2024 Data from the Central Statistical Office (CSO) showed that real GDP improved by 0.3 per cent Regulation, Risk & Compliance UK offshore havens miss deadline for transparency plans News Aggregation Team Tuesday, May 06, 2025 1:00 am http://offshore.managersofwealth.com/article/63464/uk-offshore-havens-miss-deadline-for-transparency-plans British Virgin Islands criticised for launching financial crime-fighting cartoon mascot before new legislation Regulation, Risk & Compliance BML's first quarter profit at MVR 497 million News Aggregation Team Tuesday, May 06, 2025 1:00 am http://offshore.managersofwealth.com/article/63465/bmlamp039s-first-quarter-profit-at-mvr-497-million This is approximately MVR 100 million more than in the first quarter last year. Comment, Analysis & Research Financial analysis: Increasing capital market participation News Aggregation Team Friday, May 02, 2025 1:00 am http://offshore.managersofwealth.com/article/63428/financial-analysis-increasing-capital-market-participation The government lacks a vision for the capital market. Comment, Analysis & Research Mourant offers 12-month financial services trainee placements News Team Friday, May 02, 2025 1:00 am http://offshore.managersofwealth.com/article/63430/mourant-offers-12-month-financial-services-trainee-placements The placement offers trainees the chance to get hands-on experience across the administration, accounting, and operations teams in Mourant's growing Governance Services business. Comment, Analysis & Research Meet Ogier's philanthropy expert Josephine Howe News Team Wednesday, April 30, 2025 1:00 am http://offshore.managersofwealth.com/article/63406/meet-ogieramp039s-philanthropy-expert-josephine-howe Josephine remains firmly at the top of the league and is listed in Private Client Global Elite's directory of the world's most highly regarded private client lawyers. Comment, Analysis & Research Today we meet Giles Morison, Tax Director at Moore Stephens News Aggregation Team Tuesday, April 29, 2025 1:00 am http://offshore.managersofwealth.com/article/63379/today-we-meet-giles-morison-tax-director-at-moore-stephens Giles Morison, Tax Director at Moore Stephens in Jersey, draws on over 25 years of experience to oversee UK and Jersey tax matters for trusts, companies and individuals. Comment, Analysis & Research The future of family offices: Evolving needs, enduring structures News Team Tuesday, April 29, 2025 1:00 am http://offshore.managersofwealth.com/article/63386/the-future-of-family-offices-evolving-needs-enduring-structures Many are establishing dynamic, multi-purpose platforms to suit their unique governance, investment management, philanthropic and succession needs. Comment, Analysis & Research What is reinsurance? News Aggregation Team Thursday, April 24, 2025 1:00 am http://offshore.managersofwealth.com/article/63332/what-is-reinsurance Reinsurance contracts can be negotiated directly with a reinsurer or arranged through a reinsurance broker or other third-party intermediary. Comment, Analysis & Research Actuary calls for more Caymanians to join profession News Aggregation Team Wednesday, April 16, 2025 1:00 am http://offshore.managersofwealth.com/article/63280/actuary-calls-for-more-caymanians-to-join-profession Rachel Funk said the country at present had 70 actuaries, up from just 20 in 2018, and predicted more would be required in the future as the reinsurance sector in Cayman grew. Comment, Analysis & Research Cayman a growing hot spot for the super rich News Aggregation Team Wednesday, April 16, 2025 1:00 am http://offshore.managersofwealth.com/article/63287/cayman-a-growing-hot-spot-for-the-super-rich While Cayman Compass is not able to independently verify the data, the findings chime with insight from realtors, economists and immigration experts. Comment, Analysis & Research Top speakers to explore intersection of tech and VC at London funds event News Team Tuesday, April 15, 2025 1:00 am http://offshore.managersofwealth.com/article/63263/top-speakers-to-explore-intersection-of-tech-and-vc-at-london-funds-event She examines the incredible insights data can provide, but also where its limitations lie. Comment, Analysis & Research Carey Olsen partners Sam Dawson and David Jones recognised in Lexology Index: Restructuring & Insolvency 2025 News Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63487/carey-olsen-partners-sam-dawson-and-david-jones-recognised-in-lexology-index-restructuring-ampamp-insolvency-2025 The guide compiles in-depth analysis, research and client feedback to identify lawyers who stand out for their market-leading work advising and representing stakeholders in matters across the space. Legal Walkers advise on Grant Thornton UAE's business combination with Grant Thornton Advisors LLC News Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63489/walkers-advise-on-grant-thornton-uaeamp039s-business-combination-with-grant-thornton-advisors-llc The deal forms part of a broader strategy to create a global multidisciplinary platform providing audit, advisory and tax services to a growing international client base. Legal Royal Court of Jersey adopts hybrid approach to resolving hostile matters in administrative trust dispute applications News Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63490/royal-court-of-jersey-adopts-hybrid-approach-to-resolving-hostile-matters-in-administrative-trust-dispute-applications The primary asset of the Trust had, at all material times, been a 100% shareholding in a foreign incorporated holding company Legal When and on what basis does the Court grant powers to official liquidators in Cayman Islands liquidations? News Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63496/when-and-on-what-basis-does-the-court-grant-powers-to-official-liquidators-in-cayman-islands-liquidations The Grand Court of the Cayman Islands (the Court) has also reiterated that it is unlikely to approve draft appointment orders that grant liquidators unrestricted "blanket authority". Legal Singapore Apex Court recognises BVI as the COMI of a BVI registered company – an examination of article 16(3) of the Model Law News Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63497/singapore-apex-court-recognises-bvi-as-the-comi-of-a-bvi-registered-company-ampndash-an-examination-of-article-163-of-the-model-law The striking feature of this case was the sheer paucity of evidence on Fullerton’s commercial activities. Legal Carey Olsen advises Schroders Capital on acquisition of W Edinburgh hotel News Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63481/carey-olsen-advises-schroders-capital-on-acquisition-of-w-edinburgh-hotel The Carey Olsen Jersey corporate team advising Schroders Capital on the transaction comprised partner James Mulholland, counsel Thomas MacAdie, associate Marco Carossa, and trainee Rory Pridmore. Legal Walkers' Ireland lawyers author Chambers 2025 Global Practice Guide on Fintech News Aggregation Team Friday, May 02, 2025 1:00 am http://offshore.managersofwealth.com/article/63432/walkersamp039-ireland-lawyers-author-chambers-2025-global-practice-guide-on-fintech Regulatory partners Niall Esler and Shane Martin, of counsel James Doherty and associate Laura Whitson all contributed. Legal Collas Crill raises £2k for Guernsey Mind News Team Friday, May 02, 2025 1:00 am http://offshore.managersofwealth.com/article/63434/collas-crill-raises-amppound2k-for-guernsey-mind Staff in Guernsey enjoyed a range of fun activities while also raising funds for Guernsey Mind. Legal Maples Group Advises AMCS on Two Strategic Acquisitions News Team Friday, May 02, 2025 1:00 am http://offshore.managersofwealth.com/article/63435/maples-group-advises-amcs-on-two-strategic-acquisitions The Dublin Corporate team supported AMCS on its acquisitions Legal Maples Group Wins Best Offshore Law Firm – Client Service at HFM European Services Awards 2025 News Team Wednesday, April 30, 2025 1:00 am http://offshore.managersofwealth.com/article/63403/maples-group-wins-best-offshore-law-firm-ampndash-client-service-at-hfm-european-services-awards-2025 This accolade recognises the firm’s exceptional service, innovative solutions, and unwavering commitment to excellence in the offshore legal sector. Legal Suntera Global secures investment from Valeas Capital Partners News Aggregation Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63483/suntera-global-secures-investment-from-valeas-capital-partners Suntera’s continued momentum highlights the strength of its growth strategy and its reputation as a trusted partner for clients AIM and Hedge Funds Cayman Islands ranked top offshore captive insurance domicile News Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63484/cayman-islands-ranked-top-offshore-captive-insurance-domicile Captive insurance companies play a critical role in helping businesses manage complex and evolving risks. AIM and Hedge Funds JTC shared ownership success recognised at Global Equity Organisation Awards News Aggregation Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63491/jtc-shared-ownership-success-recognised-at-global-equity-organisation-awards Winners of the Awards are selected by a panel of highly experienced independent judges. AIM and Hedge Funds Venture Capital grows in Guernsey News Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63492/venture-capital-grows-in-guernsey Guernsey is popular with VC managers for other reasons too. AIM and Hedge Funds Global Atlantic expands Bermuda office News Aggregation Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63494/global-atlantic-expands-bermuda-office The office space, designed with modern, open-design elements, was described as conducive to collaboration and out-of-the-box thinking. AIM and Hedge Funds Investec opens newly refurbished Guernsey office News Aggregation Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63476/investec-opens-newly-refurbished-guernsey-office Investec celebrated the official opening of its office on 1st May 2025 AIM and Hedge Funds JTC Group Wins Award for Sustainability Services News Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63477/jtc-group-wins-award-for-sustainability-services The Hedgeweek European Awards event is now over 10 years’ old and recognises excellence in fund performance and service provision. AIM and Hedge Funds Nabors returns to profit in first quarter News Aggregation Team Tuesday, May 06, 2025 1:00 am http://offshore.managersofwealth.com/article/63452/nabors-returns-to-profit-in-first-quarter This gain was partially offset by non-cash charges of $28.6 million related to the winding down of operations in Russia and expenses associated with the Parker acquisition. AIM and Hedge Funds Wightman: tax reform and healthcare next big challenges News Aggregation Team Tuesday, May 06, 2025 1:00 am http://offshore.managersofwealth.com/article/63453/wightman-tax-reform-and-healthcare-next-big-challenges The Government’s Pre-Budget Report said that proceeds from the CIT “will allocate $50 million to launch universal healthcare AIM and Hedge Funds $35m investor windfall as bank’s profits up 29% News Aggregation Team Tuesday, May 06, 2025 1:00 am http://offshore.managersofwealth.com/article/63463/35m-investor-windfall-as-bankamprsquos-profits-up-29 The profitability leap from $66.338m in 2023 was entirely driven by an almost 11-fold increase in reversals of provisions for non-performing credit and loans. AIM and Hedge Funds ‘Bermuda offers advantages in genetics, cryptocurrency’ News Aggregation Team Thursday, May 08, 2025 1:00 am http://offshore.managersofwealth.com/article/63493/amplsquobermuda-offers-advantages-in-genetics-cryptocurrencyamprsquo Mr Disparte praised Bermuda's hands-on regulatory approach. FinTech Crypto Corner: The Island has a ‘royal’ blockchain opportunity News Aggregation Team Wednesday, May 07, 2025 1:00 am http://offshore.managersofwealth.com/article/63482/crypto-corner-the-island-has-a-amplsquoroyalamprsquo-blockchain-opportunity The Jersey Financial Services Commission could pilot a blockchain task force. Jersey has a “royal” opportunity to become a blockchain hub for “offshore transparent finance”. FinTech Cayman Islands could be future hub for AI business News Aggregation Team Monday, May 05, 2025 1:00 am http://offshore.managersofwealth.com/article/63445/cayman-islands-could-be-future-hub-for-ai-business But the PwC research points to a potential 15% increase in global economic output over the next decade FinTech Channel Islands AI Agency sees “major growth” News Aggregation Team Friday, May 02, 2025 1:00 am http://offshore.managersofwealth.com/article/63436/channel-islands-ai-agency-sees-ampldquomajor-growthamprdquo From automating complex workflows to supercharging customer service, AI offers tangible solutions to everyday problems faced by Channel Island businesses. FinTech Guernsey company recognised among World’s top innovators in financial crime prevention News Aggregation Team Friday, May 02, 2025 1:00 am http://offshore.managersofwealth.com/article/63438/guernsey-company-recognised-among-worldamprsquos-top-innovators-in-financial-crime-prevention RuleWise serves banks, insurers, trust companies, VASPs and regulators operating in multi-jurisdictional environments FinTech PwC: AI could boost economic output by 15% News Aggregation Team Wednesday, April 30, 2025 1:00 am http://offshore.managersofwealth.com/article/63402/pwc-ai-could-boost-economic-output-by-15 The report also suggested that over the next decade, industries would reconfigure to meet human needs in new ways FinTech Data Protection in the Cayman Islands News Team Tuesday, April 29, 2025 1:00 am http://offshore.managersofwealth.com/article/63384/data-protection-in-the-cayman-islands The DP Act also sets out the rights of individuals to control their personal data FinTech Microsoft vulnerability volume reaches new peak News Aggregation Team Monday, April 28, 2025 1:00 am http://offshore.managersofwealth.com/article/63370/microsoft-vulnerability-volume-reaches-new-peak The findings align with BeyondTrust’s 12th annual report, which showed that 2024 marked a record year for Microsoft software vulnerabilities. FinTech Failure to adapt to AI could put reinsurance sector at risk News Aggregation Team Friday, April 25, 2025 1:00 am http://offshore.managersofwealth.com/article/63347/failure-to-adapt-to-ai-could-put-reinsurance-sector-at-risk Beattie advised reinsurance companies that wanted to increase the use of technology to start slowly and expand as they gained trust in the systems. FinTech AI could help make Jersey £2.8bn annually News Aggregation Team Friday, April 25, 2025 1:00 am http://offshore.managersofwealth.com/article/63349/ai-could-help-make-jersey-amppound28bn-annually Despite these challenges, 30% of organisations have now implemented artificial intelligence, and embracing automation and technology was cited as the top tip for boosting productivity. FinTech International call for interest in building offshore wind farm News Aggregation Team Tuesday, May 06, 2025 1:00 am http://offshore.managersofwealth.com/article/63451/international-call-for-interest-in-building-offshore-wind-farm It explained that the project was expected to be rolled out in phases, beginning with an initial installed capacity of 60MW, expanding to 120MW over time. Planet SOS International call for interest in building offshore wind farm News Aggregation Team Monday, May 05, 2025 1:00 am http://offshore.managersofwealth.com/article/63447/international-call-for-interest-in-building-offshore-wind-farm It explained that the project was expected to be rolled out in phases, beginning with an initial installed capacity of 60MW, expanding to 120MW over time. Planet SOS Brookfield Renewables to navigate tariffs News Aggregation Team Monday, May 05, 2025 1:00 am http://offshore.managersofwealth.com/article/63449/brookfield-renewables-to-navigate-tariffs Neoen is a producer of solar, wind and storage projects in 15 countries. Planet SOS St. Kitts and Nevis Calls for Binding Global Climate Action at BRS High-Level Segment in Geneva News Aggregation Team Monday, May 05, 2025 1:00 am http://offshore.managersofwealth.com/article/63450/st-kitts-and-nevis-calls-for-binding-global-climate-action-at-brs-high-level-segment-in-geneva “These threats amplify risks to food security, public health, and national stability, demanding urgent action and global solidarity,” he remarked. Planet SOS PM hails ‘ESG Deal of the Year’ win News Aggregation Team Thursday, April 24, 2025 1:00 am http://offshore.managersofwealth.com/article/63337/pm-hails-amplsquoesg-deal-of-the-yearamprsquo-win Expected to generate USD $124 million over a 15-year period, the transaction stands as the largest marine conservation funding program in the country’s history. Planet SOS Government unveils draft National Energy Policy proposing tax incentives to boost renewable energy investment News Aggregation Team Thursday, April 24, 2025 1:00 am http://offshore.managersofwealth.com/article/63338/government-unveils-draft-national-energy-policy-proposing-tax-incentives-to-boost-renewable-energy-investment The energy sector is now governed by two core legislative instruments: the Electricity Act, 2024, and the Natural Gas Act, 2024, both of which came into force on June 1, 2024. Planet SOS St Kitts and Nevis: Islands leading big changes in renewable energy News Aggregation Team Thursday, April 17, 2025 1:00 am http://offshore.managersofwealth.com/article/63307/st-kitts-and-nevis-islands-leading-big-changes-in-renewable-energy The government’s push toward renewable energy, particularly geothermal, represents a strategic shift away from this previous model Planet SOS ‘Envisioning Malta’s Four Climate Futures’ − a catalyst for change News Aggregation Team Tuesday, April 15, 2025 1:00 am http://offshore.managersofwealth.com/article/63273/amplsquoenvisioning-maltaamprsquos-four-climate-futuresamprsquo-ampminus-a-catalyst-for-change Actionable steps towards a sustainable future Planet SOS Day three: The Next Steps for Sustainable Finance in Jersey News Team Thursday, April 03, 2025 1:00 am http://offshore.managersofwealth.com/article/63133/day-three-the-next-steps-for-sustainable-finance-in-jersey UNDP is aiming to redirect US$430 billion in private wealth towards achieving the SDGs as part of its trillion-dollar moonshot: a target investment figure for 2030. Planet SOS Guernsey publishes policy letter on net zero, proposing pathway to cost savings News Aggregation Team Thursday, March 27, 2025 12:00 am http://offshore.managersofwealth.com/article/63055/guernsey-publishes-policy-letter-on-net-zero-proposing-pathway-to-cost-savings The policy letter is informed by expert advice and has been developed with key stakeholders Planet SOS