Managers of Wealth Offshore

Minimum wage 'too high for some sectors'

The social security minister has responsibility for setting the level of the minimum wage after the Employment Forum makes recommendations on what it thinks the level should be.

PM wary as local bank eyes CIBC Antigua acquisition

CIBC Caribbean’s Antigua business forms part of that wider regional operation.

Lockton Re report warns of blind spots in cyber cover

The report focuses on the review’s findings that current wordings included significant cross-market inconsistencies and shortcomings.

The case for defence: Guernsey’s growing investment specialism

Indeed Guernsey’s Finance Sector Growth Strategy 2035 identifies defence as an emerging area of opportunity for the island, so it is a strategic priority for the sector.

IMAC names four Caymanian students as 2026 scholarship recipients

IMAC said its scholarship fund has raised more than US$5 million since it was established in 1994

Cedar Trace brings Bermuda's US$1bn platform to Lloyd's

Brian Duperreault-backed reinsurer secures syndicate approval as capacity competition at Lloyd's intensifies

Aegon pledges to invest in Bermuda after move

Aegon also said it will continue its Bermuda community investment programme after the three-year initiative launched in 2025 ends, although it is still considering what form that future support will take.

National debt surges $1bn in year amid lower deficits

The more than $1bn jump in the national debt came despite a slight drop in the Government’s direct liabilities during the three months to end-June 2026.

Aztec Group supports Highland Europe on €1.1 billion close of Fund VI

This close reflects the strength of our long-standing partnership and our ability to combine specialist market expertise with scalable, technology-enabled solutions.

Growth Forecasts for Panama are Raised to More than 5% in 2026 from UBS

UBS estimates that Panama’s real gross domestic product (GDP) will grow by around 5% in 2026

MVR 9.2 billion issued towards personal loans and credit cards

Credit card and personal loan spending has increased markedly over the past five years. As per MMA records, in 2022 the figure was at MVR 4.5 billion.

Reinsurance rates soften but still adequate, says AM Best

The research is part of AM Best’s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo.

86 percent of budget spending is allocated to salaries and administration

Parliament approved MVR 64 billion for this year's budget.

Bermuda reinsurance market hits record $197.5bn in 2025, ABIR reports

The report was based on responses from 27 ABIR members

Africa Finance Corporation forms Bermudian captive

The corporation expects the captive to broaden its offering to a wider range of third-party clients over time.

Maldives Islamic Bank wins global award for advancing women

International recognition honors bank for expanding career opportunities for women and creating pathways for female employees to reach leadership positions

Guy Carpenter rebrands as Marsh Re

Guy Carpenter has been in Bermuda since 1960, with a Marsh Re timeline

Government burned through most of yearly spending increase in first quarter – fiscal advisory council

Intermediate consumption rose by 22.4%, employee compensation by 9.2%, and “other expenditure” by a significant 36.6%.

GP structuring in Cayman Islands fund formation

A Cayman Islands exempted limited partnership (ELP) does not have a separate legal personality.

Bermuda’s insurers paid out $1.34trn in claims over decade

It does not include Bermuda’s captive insurance or insurance-linked securities markets.

AIM and Hedge Funds