Managers of Wealth Offshore

Everest Group records Q2 net income of $724m

Net investment income improved to $528 million

Palomar Holdings reports Q2 net income of $25.7m

The outlook of these credit ratings has been revised to stable from positive.

Ledger Investing forms Cayman casualty subsidiaries

Ledger Investing will continue to provide support services for its casualty funds.

Q1 incorporations bounce back after rocky year

However, Robert Briant, partner and head of VI corporate practice at Conyers, said the relative stability of the totals is encouraging.

IGI net income drops on rise in short-tail losses

Return on annualised average equity was 22.9% for the second quarter of 2024 compared to 36.1% for the second quarter of 2023.

Green bond listing this year

The JSE expects to become the first stock exchange in the English-speaking region to facilitate the issuance of green and other sustainable bonds.

Vistra completes acquisition of Phoenix American Financial Services

Simon Webster, CEO of Vistra Group, stated: “Vistra’s vision is to make operating globally borderless and frictionless.

James River profit drops 60% despite investment boost

James River said gross written premiums dropped 3% to $412 million

Cayman fund formations rise in second quarter

Maples noted a consistent deal flow and many structured finance solutions that address capacity constraints among lenders.

Allied World gross written premium rises 8%

The company also said it completed an offering $600 million in 30-year 6.1% senior notes

Essent rides rising interest rates to profit hike

Insurance in force as of June 30, 2024 was $240.7 billion, up 8% from $235.6 billion in the second quarter in 2023.

Ready for liftoff

That changed in early 2023 as the hard market took hold and the $100 billion barrier was broken in the first and second quarters of the year.

Finance Isle of Man launches Sustainable Finance initiative

This project aims to enhance the Island’s reputation as a leading International Finance Centre by facilitating capital flows for sustainability-based products.

Rate cut 'great news' for Channel Island borrowers

The announcement was made hours after new figures confirmed average property prices in Jersey fell by 9% in the year to June.

JTC completes acquisition of First Republic Trust Company of Delaware

The acquisition has been finalised following receipt of final regulatory approvals and the satisfaction of other closing conditions, further to its initial announcement on 22 April 2024.

Conduit net income jumps 24.8%

The company's loss ratio deteriorated to 62.4% from 57.5% while the company's investment return edged up to $23 million from $22.6 million.

AXIS Capital profit jumps 42%

"In the quarter, we delivered on our stated goals, producing an annualized operating ROE of 20%, record operating EPS of $2.93, and a combined ratio of 90.4%."

UK CFOs gear up for growth following the election

Corporate risk appetite saw its biggest rise in more than four years in this quarter’s survey

PartnerRe reports first-half results of 2024

Our investment portfolio also performed well, resulting in a 28 per cent growth in net investment income compared to the first half of 2023.

Palomar gets ratings upgrade

The combined ratio, based on GAAP reporting, was well below 90 in each of the last three years, improving the five-year average to the mid-80s, coupled with formidable return measures.

AIM and Hedge Funds