Managers of Wealth Offshore

Business loss improvement for Guernsey Post

The annual report from Guernsey Post said this was an improvement compared to a prior year business loss of £2.3m in 2023.

Sustainable infrastructure remains ‘super attractive’ as an asset class for insurers: Swiss Re’s Haegeli

Speaking at Swiss Re’s global economic and insurance market outlook event for 2025/26 in London, Haegeli addressed how the reinsurer sees sustainable infrastructure as an aerial opportunity for insurers.

AM Best maintains positive reinsurance sector outlook amid tailwinds in property

AM Best revised its reinsurance sector outlook to positive from stable back in June, citing robust reinsurer profit margins and the expectation of continued underwriting discipline.

JTC to Acquire Specialist Fiduciary Business FFP, Cayman Islands, BVI and Dubai

JTC’s Commercial Office has been actively working on the establishment of a Governance Service practice.

IMF again calls on Malta to phase out energy subsidies

Shift urged to targeted subsidies, with the saved funds used for investment

Aspen Insurance reports Q3 net income of $56.7m

Net written premiums were $673.6 million, up 7.2 per cent on the prior year quarter.

Burrows optimistic about 2025 rates

He said it had taken four to five years for the markets to drive up prices but capital had grown as profits were retained, despite money being returned to investors.

Clarien concedes teething issues after pensions disarray

“We’re all in limbo right now with this new system.”

Fidelis declares Q3 net income of $100 million

For the first nine months ending 30 September 2024, Fidelis reported gross premiums written of $3.4 billion, a 23.4 per cent growth from the same period in 2023.

Probitas offers five new lines

The five new classes are available for quoting now and can be bound from January 1.

Evergreen captive to cease underwriting

Additionally, AM Best revised the company’s business profile assessment to limited from neutral due to the planned reduction in business scale.

Investment improvement drives Enstar to increased Q3 profit

The company recorded a $23 million foreign exchange gain compared to a $15 million loss.

Venture capital trends: Guernsey takes the lead

Guernsey remains the premier jurisdiction for European venture capital (VC) funds

AM Best assigns ratings to National General Insurance

The ratings agency said it assesses the company’s business profile as limited given its plan to acquire business from affiliated companies in the United Kingdom, Europe and Canada.

Bermuda’s Maiden Holdings reports Q3 loss of $34.5m

The company said recoveries under the LPT/ADC agreement, and associated GAAP income recognition of deferred gain, are to begin in the fourth quarter.

BISX CEO unveils initiatives to expand capital markets

This platform will offer businesses a new avenue to raise capital while maintaining privacy and flexibility and will cater to a diverse range of new market participants.

Brookfield Q3 net income drops

Increase in revenues and claims also reflect the acquisitions of life re/insurer American Equity Life and property and casualty reinsurer Argo in the results.

Fidelis Insurance Group to partner with Euclid Mortgage

Fidelis Insurance Group said it will provide reinsurance capacity to Euclid Mortgage, along with other reinsurers.

Bank of the Bahamas reports $4.3M net income for Q1 of fiscal 2025

The Bank recognized a net impairment loss of $0.4 million for the quarter ending in September

Multimillion-pound business plans unveiled

Sustainable Economic Development Minister Deputy Kirsten Morel said the investment aimed to stimulate growth.

AIM and Hedge Funds