Managers of Wealth Offshore

Financial analysis: It’s all about the banks

As the ECB further hikes interest rates, banks’ profits should continue to be boosted

Fitch affirms and withdraws Markel’s ratings

Among the subsidiaries to have their rating affirmed and withdrawn was Markel Bermuda Ltd.

Wilton Re financial strength rating of ‘A’ affirmed

Fitch said Wilton’s ratings were one notch higher than its standalone credit quality, due to its ownership by CPP Investments.

Reports Legal Offshore Report - Focus on Jersey's Best in Class

Group Managing Partner Jason Romer is quoted extensively in the publication.

“The latest Guernsey inflation figure is good news on so many levels”

The Housing, Food and Leisure services categories were the biggest contributors to annual inflation and increased the most in price year on year.

Businesses expect inflation to spike again

The expectation exceeds the central bank’s target range of between 4.0 to 6.0 per cent.

First Central ranks 9th in the UK’s Best Workplaces for Women 2023

The company, which employs 35 people in Guernsey, and has offices in the UK, and Gibraltar, encourages women to thrive throughout their careers.

‘Deglobalisation is taking place in front of our eyes’

As central banks tackle inflation with tighter monetary policy, global growth was suffering, he said.

"The island is living beyond its means"

Mr Tonks said: "It is clear that the island is living beyond its means and this path is not sustainable, however, the £135m deficit needs to be distilled properly for strategic decision making to happen.

Succession planning for Middle Eastern families – solutions that are fit for a king

Pursuant to this, our toolkit has expanded exponentially.

NCB Group top executives on leave, Lee-Chin makes early return

There is no indication whether the leave is voluntary.

Bermuda’s unemployment rate below pre-pandemic levels

The rate hit 7.9 per cent in November 2020.

Earnings jump for seniors in Bermuda

The highest earnings were reported in the 55-64 cohort, where the average was $78,668 in November 2022.

HSBC recognises long-serving employees

Both Sharon and Debbie continue to show great passion, commitment and dedication to their roles and their customers.

How outsourcing helps protect margins in asset management

Against the backdrop of a volatile and uncertain macro environment, asset managers can no longer depend on improving margins by increasing assets. Instead, they are increasingly looking to optimise operational efficiency through outsourcing.

HSBC launches employee female leadership programme with pan-island cohort

The sessions are being facilitated by Emma Lloyd, an external Learning and Development Coach and Consultant who has led a number of HSBC management programmes

Jersey and Guernsey cost of living survey

Across all four locations, 67% of people with a household income under £40,000 said they found it difficult to meet living costs in the last 12 months, which remained the same as in November 2022.

Interest rate for late payments in commercial transactions rises to 12%

It was 8% a year ago

Richest 1% hold over 10 times median net wealth

The richest 1% in Malta hold over 10 times the median net wealth, according to new survey published by the Central Bank of Malta

July 1 renewals ‘more orderly’ for reinsurers, says Gallagher Re

It said the casualty treaty market remained straightforward, with adequate capacity and flat to moderate rate increases, driven primarily by reinsurer comfort with improvements to underlying portfolios.

Comment, Analysis & Research