Managers of Wealth Offshore

Moody’s affirms Everest Re’s credit rating

The decline was driven by a $1.7 billion adverse reserve development, largely tied to general liability, excess/umbrella and commercial auto lines written in the US between 2020 and 2024.

Financial analysis: The local capital market in April

Numerous companies are expected to publish their annual financial statements or update the market on their Q1 performance over the coming weeks

Jersey businesses asked to share views on trade with EU post-Brexit

They will also be used in discussions with the UK government ahead of its “reset” negotiations with the EU.

JTC Supports Osney Capital With Its Debut VC Fund In Association With The British Business Bank

JTC has supported Osney Capital from inception, providing a comprehensive suite of hosted AIFM, depositary, fund administration, and compliance services

JTC Reports Fast Start to “Cosmos” Era Through Organic and Inorganic Growth in Full Year Results

The Group has achieved consistent growth during a year of macro uncertainty

WisdomTree selects Apex Group to provide ETP servicing in Jersey and Ireland

Apex Group offers full corporate services and management company (ManCo) services across multiple asset classes streamlining operations and achieving cost efficiencies for ETP issuers across jurisdictions.

Businesses split on £2.5m resurfacing project

Work is currently under way to repave Library Place and Church Street, which will remain open to buses and taxis.

Cayman Islands insurance sector generates CI$233m annually for economy

The key findings also include CI$387,000 in charitable contributions to local causes, and 40,000+ business traveller stayover days, which reinforces the link between insurance and tourism.

Non-EU Managers Continue to Find Appeal in Jersey’s Private Placement Regime

The longer-term figures support that upward trend – over five years, the number of managers using Jersey’s private placement regulatory regime has grown by 31%

IQ-EQ and Carey Olsen assist Queen’s Park Equity on launch of QPE Fund II

The amount raised by Fund II is more than a 50% increase on QPE Fund I

Brit Re takes Abir membership to record high

Brit Re is part of Brit, a leading global provider of insurance and reinsurance, owned by Fairfax Financial Holdings Ltd.

No explanation given for Min. of Finance's GDP growth revision, says FRC

In its subsequent October 2024 update [Regional Economic Outlook], the IMF revised its growth forecasts for The Bahamas downwards by 0.4 and 0.1 percentage points respectively for 2024 and 2025.

How do top investors view Mauritius as a financial hub for accessing the largely untapped markets of Africa?

A new GlobalData survey seeks to throw light on the attitudes of global investors towards Mauritius

Trade war threatens pensions, risks recession

“Equity markets do not like uncertainty,” said Mr Dooley, a regular columnist on the markets for The Royal Gazette.

Reinsurers brace for midyear renewals as question mark hovers over capital

This tug-of-war between reinsurers and market forces has been amplified by recent losses

Lion Re maintains excellent ratings

AM Best affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Lion Re. The outlook of the ratings is stable.

Boal & Co acquires business from IOMA Horizons

All members of each of the pension schemes have consequently been transitioned to Boal & Co following regulatory approval.

Source Recruitment launches Jersey office

Stephanie Brackley, a local HR professional with extensive senior-level expertise, will lead the Jersey office.

Convex posts back-to-back net profits

Combined ratio dropped to a pleasing 87.6% compared with 89.6% the year before.

Everest offers big pay package to new CEO

He will also receive a target annual equity award of 420% of base salary, plus a monthly car allowance of $1,000.

AIM and Hedge Funds