08/30/2022
DARAG seals ‘beyond expectations’ captive book acquisition
DARAG North America’s VP of M&A Joel Neal added there was a continued need for improved operational efficiency in the North American market.
AIM and Hedge Funds
08/30/2022
AM Best affirms ASR Re’s financial strength rating
The group has a senior management and underwriting team in place that has good experience in the targeted classes of business and operating environment, which AM Best says increases the likelihood of market acceptance and successful execution of its busin
08/29/2022
MSMEs still in “survival mode”, says small business consultant
Turnquest noted that small business operators have likewise faced logistical challenges, rising shipping costs, and the impact of global inflation.
08/26/2022
Ocorian reports strong growth in its captive insurance solutions business
Growth in the captives market, in general, is being fuelled by a hard insurance market and rising premiums with companies wanting to take greater control over their insurance requirements to make them more affordable and flexible.
08/26/2022
Report highlights man-made crises in property insurance
The report analyses the origins, root causes and consequences of increasing stress and instability in property insurance markets
08/26/2022
KBRA downgrades UPCIC’s financial strength rating
Additionally, in recent years, UPCIC has experienced poor operating performance and significant surplus declines driven by catastrophe losses, KBRA said, adding that these have elevated underwriting leverage and reduced risk-based capital metrics.
08/25/2022
Jersey Finance’s Director – Middle East, Africa and India, Faizal Bhana, Discusses Saudi Corporate Structures in Arab News
In the article, Faizal and Lama Homaidan AlTurki, Director at the Council of Corporate Health, review the Kingdom’s legal corporate structures
08/25/2022
AM Best sees positive outlook for US-Bermuda re/insurers
Net written premiums rose by 20% in 2021
08/25/2022
Equities up in June quarter
For the June 2022 quarter, three of the five major Jamaica Stock Exchange (JSE) indices recorded increases which ranged from 0.7 per cent to 2.2 per cent.
08/24/2022
The Youth Economy In Focus Under Stewardship Of New CDB Chairman
According to the new CDB Chairman, “It is important that an environment is created for young people to be allowed the opportunity to engage in activities that they enjoy."
08/24/2022
Trinidad and Tobago to expand trade relations with Nigeria – Envoy
The News Agency of Nigeria reports that the year-long celebration has as its theme and hashtag #Together60.
08/24/2022
80% of Investors View Venture Capital as Overvalued — Preqin Reports
Allocations to hedge funds are likely to increase, while higher-risk venture capital and private equity allocations are likely to suffer
08/23/2022
BF&M posts H1 net loss of $12m
Net income from operations after excluding the negative fair value movements in investments was $4.3 million versus $13.3 million in the first six months of 2021.
08/22/2022
Enstar prepares to exit catastrophe business
The agreement will eliminate Enstar's direct exposure to catastrophe business, resulting in an approximate $62 million increase in Enstar's book value.
08/19/2022
Rebranded MFS Capital closing in on two acquisitions
We currently have a pipeline of targeted acquisitions that we believe will result in attractive and sustainable long-term growth for the company and for shareholder value
08/19/2022
IGI posts solid results as CEO flags attractive rate increases
We continue to see attractive rate increases and favorable market conditions across a number of business lines and territories providing excellent opportunities to further grow our portfolio.
08/19/2022
Jersey publishes house prices report for Q2 2022
The mean price of all other property types increased compared with the previous quarter.
08/19/2022
IoD Guernsey Convention to navigate ‘new order’ of geopolitical risk
As a respected expert on international relations, Dr Piccoli is often invited to appear on major TV networks and is frequently quoted in the Financial Times, Bloomberg, and Reuters.
08/18/2022
Q2 profit for Bermuda ship-owning company
The company reported the sale and delivery of two 2004-built very large crude carriers and a 2003-built feeder container ship in the quarter, generating approximately $13.2 million in book gain.
08/17/2022
Bank of The Bahamas records $8.1 million net income increase
According to Braithwaite, this increase was primarily due to the increase in the bank’s total operating income of $5 million