04/14/2023
Providence creditors asked to provide proof of debt
ISLANDERS who lost thousands, in some cases their life savings, in Guernsey-based Providence companies could be moving a step closer to getting some of their cash back.
AIM and Hedge Funds
04/14/2023
Canopius unveils partnership to target US Virgin Islands
Our new agreement with SFMI comes at the right time and will considerably drive Canopius’s expansion in the US Virgin Islands,” said Lisa Davis, chief executive US and Bermuda at Canopius.
04/13/2023
FTI Consulting Extends Fund Administration Services to Include Mutual Funds in the Cayman Islands
The business utilizes market-leading software to streamline administration functions, and to ensure clear and accurate record-keeping and investor communications.
04/13/2023
Arch acquires specialty insurtech platform
The entire Thimble team is looking forward to working with Arch and our existing carrier partners to grow the platform.
04/13/2023
ARC offers back offices to Bermuda reinsurers
Arc is focusing on reinsurance, fintech, financial services, utilities, gas and energy and other emerging markets.
04/13/2023
Bermuda's opportunity in climate finance
Kevin Richards is the managing director of BAM Tech Advisers and chairman of the Bermuda Innovation and Technology Association.
04/11/2023
PartnerRe/Kettle back Amwins’ excess wildfire solution
The product has been developed with capacity from PartnerRe Insurance Solutions Bermuda while Kettle will provide key data analysis, modeling and pricing, matching markets with appetite.
04/11/2023
Apex Group to acquire MJ Hudson businesses
MJ Hudson is a provider of services to the asset management industry, specialising in private markets and alternative investments.
04/11/2023
JTC Reports Record Growth, Revenue and New Business in Annual Results
This rise in revenue was achieved through sustained demand for JTC’s services, evidenced by net organic growth rising to 12% and a record value of new business wins over the year of £24.6m.
04/11/2023
Guernsey housing market activity slows as prices rise
Of these 14 sales, the median price (realty only) for the 11 Open Market houses sold was £2,437,500, up from the £1,160,250 recorded in 2022.
04/11/2023
Assured Guaranty in strategic deal with investment manager
Sound Point will become the sole alternative credit manager for the Assured Guaranty US insurance subsidiaries.
04/05/2023
Darag Bermuda renews agreement with Cayman captive
Joel Neal, executive vice-president, M&A, at Darag North America, added: “It’s a pleasure to renew this business with our Cayman-based partner.
04/05/2023
Gallagher Re: reinsurance renewal discipline held
It noted: “In some cases, particularly within smaller markets that had escaped previous rate hikes, significant structural changes were imposed by reinsurers. These dramatic adjustments may have impacted ceding insurers’ financials profoundly.
04/05/2023
TISE continued strong performance in 2022
More jurisdictions also facilitated their business with TISE, with three new members from Ireland and one from Jersey joining 39 other trading members.
04/05/2023
Rialto announces acquisition of ICN Toole & Co and Dumaresq
These latest acquisitions will form part of Purpose, expanding the accounting and tax practice for Jersey individuals, companies, partnerships and trusts.
04/04/2023
Clarien buys Omnium Group
Omnium Trust will amalgamate with Clarien Trust Limited, and Omnium Corporate Services will amalgamate with Clarien Corporate Services Limited.
04/04/2023
Fortitude Re closes block reinsurance deals
“We are pleased to announce two significant reinsurance transactions with our partners in Japan, which will continue to propel our international strategy to deliver thoughtful and tailored reinsurance solutions on a global scale.”
04/04/2023
Jersey’s funds, banking and corporate sectors post positive end-of-year figures
Across the core alternative asset classes – which now make up 78% of total funds business in Jersey – the hedge fund sector in particular contributed to growth, increasing by some 24% over the twelve months.
04/04/2023
R&Q to split legacy and program management units
However, given Accredited’s current size and scale, R&Q said it believes it is in the best interests of R&Q’s shareholders for Accredited to stand on its own.
04/03/2023
Alderney's economy shows resilience
Employers submit a return detailing their sector, size, income and expenditure.