07/27/2023
Conduit Re posts first profit
That compares with a comprehensive loss of $39.4 million in the first half of 2022.
AIM and Hedge Funds
07/27/2023
Economic Development looking to improve banking for business and consumers
It is also undertaking a “general review” of the banking sector “with a view to developing policy proposals” to remove troubles for businesses and individuals.
07/27/2023
Record reinsurance growth drives Everest to $670m Q2 profit
Everest’s second quarter performance was outstanding
07/27/2023
“It’s time for the States of Guernsey to intervene in local banking crisis”
The current banking marketplace for new businesses is not sustainable.
07/26/2023
RenRe reports second-quarter net income of $191m
RenRe reported a 13.5 per cent annualised return on average common equity and 28.8 per cent annualised operating return on average common equity.
07/26/2023
Equilibria increases stake in Argus
BF&M has implemented a so-called poison pill defence in an apparent bid to fend off the $100 million bid.
07/25/2023
Queue lines up Bermuda office
Queue said its new location is part of the company’s ongoing growth plans.
07/25/2023
Equilibria now owns 23.9% of Argus
The two companies entered into a “relationship agreement” at that point, and as part of the deal, the investment company got a seat on the board.
07/25/2023
Importance of substance and innovation in complex environment highlighted by JFA Chair
With figures in early 2023 indicating that the total net asset value of funds under administration in Jersey stood at a record high of more than half a trillion pounds
07/25/2023
New Local Economy Strategy to be implemented by Business Isle of Man
Over the next three months Business Isle of Man will be conducting a number of consultations to develop a robust evidence set to support the strategy
07/25/2023
Ashburton Investments launches equity fund
Cooke commented: "With our new fund, we invest in companies we believe look to deliver above-market levels of earnings growth on a sensible valuation.
07/24/2023
Somerset Re agrees to reinsure $12.5bn block of Prudential life policies
“Somerset Re is pleased to expand its risk management support for Prudential Financial in this transaction,” said Jeffrey Burt
07/24/2023
Assured Guaranty unit retains A+ rating
AM Best said the company’s life financial reinsurance program continues to exhibit risk profiles with very low loss probability.
07/21/2023
Swiss Re structures Blackstone’s first indemnity cat bond
This transaction is the result of a collaboration between Blackstone and ILS investors to develop a new solution that fits the challenges of an asset manager and expands the boundaries of the ILS market.
07/21/2023
RF launches new private equity fund to invest in private Bahamian companies
The private equity opportunities selected by the Fund will be vetted by the Fund’s investment Advisor prior to seeking investor participation.
07/21/2023
AM Best affirms rating of Suramericana captive
AM Best assesses the company’s balance sheet strength as very strong
07/21/2023
BF&M announces poison pill defence
Under the rights plan, the rights will become exercisable if an entity, person or group acquires beneficial ownership of 15%
07/20/2023
PB Group acquires 100 per cent of Thomas Smith insurance, logistics businesses
Acquisition in line with Group’s strategy for international growth and regional excellence
07/19/2023
Report finds Guernsey housing costs more than anywhere else in Europe
The head of Guernsey's Environment & Infrastructure committee, who produced the report, says that housing underpins island life.
07/19/2023
DARAG Bermuda completes two captive transactions
We are pleased to be able to meet that demand and further develop our relationship with the US self-insured market.