Managers of Wealth Offshore

Winners of the Malta International Business Awards 2024 announced

Gala event held to celebrate international business excellence

Butterfield down on NYSE

Overseas, Butterfield closed down four cents (0.11 per cent) at $37.89 on the New York Stock Exchange.

Marco Capital completes acquisition of Inceptum

“Executing a deal in such a complex situation is an example where Marco’s technical skills, experience, track record and outstanding reputation are essential.”

Fortitude Re’s ratings outlook upgraded

Fitch also affirmed the company’s BBB+ insurer financial strength rating,

Value of Guernsey funds drops £7bn in three months

GFSC said both open-ended and closed-ended investment schemes had dropped in value during the third quarter of the year, although open-ended schemes were up slightly year-on-year.

Gen II Launches its Women’s Network in Jersey

Originally established across its North American offices, the evolution of Gen II’s Women’s Network to include digital and in-person events across its European locations is evidence of the business’s ongoing commitment to the initiative.

New captive scholarship launched on Bermuda

According to KPMG The scholarship builds a strong foundation for success in Bermuda’s globally recognised captive insurance sector.

Argus first half profit rises 18%

Insurance revenue grew by $14.4 million

Bermuda’s entrepreneurs celebrated at BEDC awards

Customer Service Award, Pronto: a warehouse grocery store and delivery service offering affordable prices, a wide range of products, and fast, convenient delivery

Financial analysis: Bond market terminology

It is not right to conclude that unsecured bonds are riskier than secured ones

Cayman told not to kill business goose that lays the golden eggs

McIntosh said that – in contrast to major tourism and construction projects – jobs in financial services were “created or destroyed one job at a time”, warning of the risk of “death by a thousand cuts”.

Commonwealth Bank reports $49.4M profit for first nine months of 2024

"We remain focused on a posture in credit underwriting to manage growth safely, price risk effectively, and manage delinquency levels in the Bank’s loan book,” noted Sands.

BF&M nine-month profit jumps to $24.2m

“On the insurance side, we observed further improvements in our Group Health and Group Life business, reflecting the positive impact of ongoing cost containment strategies and revenue optimisation.”

HSBC receives ‘a number’ of bidders for Malta bank

Bank to call EGM for shareholder approval to allow due diligence checks

Regency Court move marks the beginning of new era for Praxis in Guernsey

The move brings the Guernsey contingent together in a single floor space for the first time.

BF&M net income doubles year-on-year to $24.2m

Investment income continued to benefit from favourable market conditions, which supported robust returns from fixed income and equity holdings.

BEDC partners with Prudential to help small businesses

This partnership brings significant added value to our small business community.

‘Investment in Malta now needs to seek a resilient future’

In 2023 alone, FDI flows to Malta amounted to €9.9 billion by mid-year

Ariel Re’s ILS vehicle issues $325m in catastrophe bonds

The three-year bonds were issued to secure additional capacity from the capital markets for retrocessional reinsurance to protect its Lloyd’s Syndicate 1910 operation.

Significant increase in global reinsurers’ ROE due to investment and underwriting results

The fall in reserve leverage was offset by a significant increase in operating margins.

AIM and Hedge Funds