Managers of Wealth Offshore

GFSC publishes Q2 investment statistics

Within the totals for Guernsey funds, Guernsey Green Funds held a total net asset value of £5.3bn at the end of the quarter.

AM Best upgrades Ardellis Insurance’s FSR

These ratings reflect Ardellis’ balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM).

White Mountains proceeds with tender offer

The number of shares expected to be purchased in the tender offer and the purchase price are preliminary and subject to change.

PraxisIFM becomes Praxis in 50th anniversary rebrand

The new corporate identity comes at an opportune time for the business as it refocuses its private wealth and corporate services offering and celebrates its 50th anniversary.

Sancus Lending Group releases H1 results

The next step of our plan is to address and secure our long-term financing strategy, and our zero dividend preference shares (ZDPs) remain an integral part of this.

2022 IoD Jersey Director of the Year awards shortlist announced

The judging panel are privileged to have been able to read through and consider the tremendous variety and talent evidenced in the nominations.

Bermuda investors to buy Zug private equity firm

GP Investments was founded in 1993. Its Zug division, GP Swiss, made the offer for Spice Private Equity.

Top Mortgage Employer award won by Skipton International

Mortgage Introducer then confidentially surveyed a number of Skipton’s employees to gauge their own feedback.

Everest Insurance expands into personal accident & health

Everest said its expanded accident and health offerings complement its existing broad portfolio of property, casualty, and specialty coverage.

SiriusPoint and Insurate announce partnership

SiriusPoint will provide capacity and collaborate with Insurate in underwriting and developing insurance products in the workers’ compensation medium to high-hazard space.

Minimum wage disparity grows

This compares to Jersey's current minimum wage of £9.22, which was going to increase to £10 in October, but will instead go up to £10.50 in November.

Jersey grows and diversifies proposition for US asset management market

Now, Jersey is diversifying its proposition in the US market, with growing interest being shown in its capabilities in the structured finance space.

AM Best affirms Greenlight Capital Re’s credit rating

The outlook of these ratings is stable.

ACTIF 2022 opens new chapter of trade and investment in history of Africa and Caribbean relations

The Forum set the ground for various initiatives and opened new doors to strengthen and build new trade and investment relationships between Africa and the Caribbean.

Lloyd’s returns to underwriting profit

The Lloyd’s market reported GWP totalling just under £25 billion for 2021–up 13% on the £22.2 billion brought in over the course of 2020.

Tenzing invests in Altum Group

Tenzing was advised on the investment by Osborne Clarke, PwC, Arrow Point Advisory and EY. Management was advised by Carey Olsen and KPMG.

Jersey Continues to Grow and Diversify Proposition for US Asset Management Market

Jersey’s success in growing US business flows and our strategy to diversify our proposition for the US asset management market will be highlighted at a roadshow in the country next month.

€14m bond issue by Izola Bank listed on the Malta Stock Exchange

Izola Bank will use the bond issue funds to help sustain its growth strategy.

Exim Bank Earmarks $100 Million To Assist SMEs Expansion Online

Mr. Lawson said it is hoped that the new facility will increase export sales and upgrade the SMEs’ e-commerce platforms to reach global markets.

Continued Growth Leads To JTC Mauritius Office Move

This growth reflects the investment JTC is putting into Mauritius to support the continued development of its services in the region.

AIM and Hedge Funds