11/21/2023
Bermuda-based life reinsurer’s rating affirmed
The deterioration in the company’s capital trends is due to underperformance in its runoff universal life with secondary guarantees (ULSG) business beyond initial projections.
AIM and Hedge Funds
11/21/2023
Artex to rebrand cell facility providers
Artex, Gallagher's wholly-owned subsidiary for alternative risk and capital, is established in more than 35 domiciles internationally.
11/21/2023
All about Guernsey Finance
Guernsey Finance’s role is to raise and maintain the profile of the finance industry and its products and services.
11/21/2023
Fidelis enjoys third quarter turnaround as reinsurance losses drop
We continue to deliver our strategy of generating superior underwriting returns with a year to date combined ratio of 82.4%.
11/21/2023
Concern for looming insurance industry skills gap
Best’s analysts believe that AI will eventually reshape the occupations in the industry.
11/21/2023
AM Best affirms ratings of two Bermuda captives
Castle Harbour and Harrington maintain the strongest level of risk-adjusted capitalisation, as measured by Best’s capital adequacy ratio, in addition to displaying excellent liquidity measures.
11/20/2023
Bermuda newcomer Aegon increases capital generation in Q3
In the third quarter, Transamerica’s Strategic Assets have continued to deliver growth.
11/20/2023
Sompo International suffers dip in underwriting income
AgriSompo’s combined ratio rose 11.5 points from the prior year period to a technical loss at 101.8%.
11/17/2023
Brookfield Re completes $1.1bn acquisition of Argo
Argo’s common shares have ceased trading on the New York Stock Exchange.
11/17/2023
BMA registers 11 insurers in October
The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.
11/17/2023
Over 50% take-up in RS2 scrip dividend
New Lombard Bank shares llisted
11/17/2023
Financial analysis: banking developments
Share prices of BOV and HSBC are the clear outperformers so far this year
11/16/2023
Cherry Godfrey expands
COO Tanzy Cherry said customers there will be able to take advantage of the wider selection of products that it offers in the three Crown Dependencies too.
11/16/2023
Maiden reports Q3 loss of $3.5m
Net investment income increased by $2.4 million.
11/16/2023
EU expects Malta's economy to grow faster than any other in 2024
European Commission projects a GDP growth rate of 4%
11/15/2023
Maltese businesses most likely in EU to plug skills gap with foreign workers
Almost a third of businesses said they hired workers from outside the EU
11/15/2023
Maples Group's Multi-Jurisdictional Expertise Shines with Partners from Ireland, Cayman Islands and Hong Kong Making '50 Leading Women in Hedge Funds' List
This prestigious list of industry experts proudly includes three Maples Group Partners from the Cayman Islands, Hong Kong, and Ireland.
11/15/2023
IGI net income drops on unrealised derivative losses
IGI chief executive officer Waleed Jabsheh said: “IGI’s excellent third quarter and nine month results - reflected in a combined ratio of 73.2% and a core operating return on average equity of 31.0%
11/14/2023
AM Best affirms IGI's financial strength rating
The group’s balance sheet strength is further supported by its strong liquidity position and conservative investment portfolio.
11/14/2023
Notice: CIBC FirstCaribbean Increasing Monthly Minimum Balance Fees
CIBC FirstCaribbean will be adjusting the minimum balance threshold and the monthly minimum balance fee on Business Current and Business Call products for all currencies.