Managers of Wealth Offshore

BF&M first half income drops on reinsurance costs

It said the increase in net reinsurance expenses for property offset favourable but reduced net fair value surplus and favourable reserve release.

CC Global Balanced Income Fund retains top rank, delivers strong half 1 returns Sustaining the positive trend from the previous year

Following a challenging 2022 for global markets, the CC Global Balanced Income Fund bounced back with an impressive return of just over 10% in 2023.

Lockton Re, Ariel Re in link up

This will allow for better alignment of treaty analytics and visualisation features with reinsurer underwriting workflow management, producing new value for cedents.

Bermuda’s Assured Guaranty reports Q2 net income of $78m

Second quarter capital returned to shareholders was $169 million including share repurchases of $152 million and dividends of $17 million.

Relm expands global presence

Relm’s Dubai-based affiliate has a licence authorised by the Dubai Financial Services Authority.

10 mistakes to avoid when investing for retirement

Undertaking retirement planning without professional advice can lead to expensive blunders

Maiden reports Q2 loss of $10m

That compares with a net loss of $2.3 million in the prior year quarter.

Arch Capital subsidiary in deal with Bellemeade Re

This transaction largely covers a portfolio of mortgage insurance policies issued by Arch MI and affiliates primarily from September 2023 through July 2024 and closed on August 15.

CHW expands offerings to BEDC-registered entities

The arrangement, which began in 2017, will now include post-formation support such as regulatory filings and corporate organisation.

Virgin Islands heading for intense financial scrutiny, experts predict

“August doesn’t do it,” she told the House of Assembly at the end of July.

JTC To Acquire The Buck UK And European Share Plan Administration And Trustee Businesses

This acquisition is exciting for us given share plan services are closely aligned with our own shared ownership philosophy

Europe steps up bid to attract captives

France, Italy and Britain are considering ways to enhance their attractiveness as captive domiciles.

Cat bonds come under scrutiny

Bloomberg noted that cat bond investors are reaping an average return of around 15% this year after enjoying 20% returns in 2024.

Lockton Re to enable Ariel Re placements on digital platform

This will allow for better alignment of treaty analytics and visualization features with reinsurer underwriting workflow management, producing new value for cedents".

Bank of The Bahamas reports $19.7 million in net income

The bank reported strong income from its retail banking segment, and improvements in asset quality and credit production.

Hard reinsurance market should last, says AM Best

The report came after AM Best raised its outlook for reinsurance earlier this year to positive from stable for the first time in its history.

Commonwealth Bank posts $34.1M profit for first half of 2024

During the quarter, the Board of Directors approved a regular quarterly dividend of $0.03 per share

Famguard Corp reports $4.1M profit for first half of 2024

Net investment income for the period totaled $8.8 million

Financial analysis: Banks' price-to-book multiple

BOV and HSBC reporting much healthier return on equity following the change in the interest rate environment

Euromoney recognises Scotia as best bank for 2nd consecutive year

This award reflects the dedication and hard work of our team

AIM and Hedge Funds