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AIM and Hedge Funds

09/08/2023

Apex Group expands ManCo capabilities with Guernsey acquisition

The acquisition of IPFMG further strengthens Apex Group’s ManCo offering in the Guernsey market, adding assets under administration of $200m, across eight funds and six fund managers.

09/08/2023

Axis Capital rating affirmed after property catastrophe exit

AM Best said the outlook for the Bermuda-based re/insurer is stable.

09/08/2023

IoD launch next gen mentor scheme

The scheme will offer mentees the opportunity to learn directly from experienced directors

09/08/2023

Financial analysis: Interim reporting season is over

Main focus was on the results of two main banks and MIA

09/08/2023

New $1 billion long term re/insurer formed in Bermuda

Prismic will be led by Amy Kessler, a 30-year financial services industry veteran

09/07/2023

Apex Group expands US presence with Denver office

Apex Group currently has multiple client service delivery teams located in Denver, with plans to double headcount through the creation of new job opportunities in the coming year.

09/06/2023

Apex Group & EDB support econnext financing

EDB provided financing for a revolving credit facility.

09/06/2023

Mosaic syndicated capital programme closes in on $250m GWP target

Syndication brings a single solution to clients

09/06/2023

Guaranteed Capital and Income Plan 2026 II launched

Available from all BOV branches, investment centres and private banking

09/05/2023

EC gives go-ahead to RenRe purchase of Validus

The transaction was examined under the simplified merger review procedure.

09/05/2023

Ratings agency is more optimistic about the reinsurance sector

The outlook is based on an analysis of the top 20 global reinsurers, 14 of which are either based in Bermuda or have substantial Bermuda operations.

09/05/2023

AIG secures adverse development cover for Validus sale

The adverse development cover is expected to become effective at the time of closing of AIG’s sale of Validus Re to RenaissanceRe.

09/04/2023

FIMBank announces half-yearly pre-tax profit of USD 6 million

All subsidiaries surpassed the performance from the first half of the previous year

09/04/2023

Compre completes acquisition of Covéa subsidiary

This transaction further demonstrates our client-focused approach to supporting our partners in achieving their restructuring objectives.

09/01/2023

2023 Health & Social Care bursary launched

It offers prizes of £2,500 and £1,000 respectively, for the project and runner up voted to be most beneficial to the community.

09/01/2023

Hamilton Lane Invests In Private Markets Passport Technology

Private market funds have been gaining popularity among advisors as they continue to outperform the public markets.

09/01/2023

Wilton Re’s A rating affirmed by AM Best

AM Best said its operating earnings were favourable over the medium term

09/01/2023

Markel Bermuda joins committee of Vesttoo creditors

The payment also includes termination pay of $799,758 to which some creditors had objected and an earlier order by Judge Mary Walrath had refused.

08/31/2023

Lombard Bank sees profit jump

Share issue planned

08/31/2023

Bermuda-US reinsurers should improve underwriting results in 2023, says AM Best

“AM Best projects that premiums for the composite will further increase in 2023, as demand remains high, and rates in key lines of business continue to rise, particularly for catastrophe-exposed business.

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