Managers of Wealth Offshore

It’s back to business next week but within limitations

LOW RISK businesses which are not public-facing can return to work at the start of next week – within limits.

AXIS Capital declares dividend

In addition, the Board declared a dividend of $34.375 per Series E 5.50% Preferred Share (equivalent to $0.34375 per depositary share) payable on April 15, 2021, to shareholders of record at the close of business on March 31, 2021.

Ronan Reilly Completes Certified Investment Fund Director Programme in Ireland

The programme is unique as it addresses the distinct challenges of investment fund governance and promotes a risk-based approach to investment fund oversight that may be implemented across jurisdictions.

Monument Re completes acquisition

The core life insurance entity in the Isle of Man, LCL International Life Assurance Company, has since been renamed Monument International Life Assurance Company.

Weathering insurance market storms with captives

The current market conditions and the coronavirus pandemic together highlight the need for risk financing plans to be flexible and forward looking enough for organisations to cope with unexpected shocks.

Apex Group closes acquisition of Mauritius-based fund services provider GFin

Second deal completion this week sees Apex add to its fund services business in Mauritius.

Hamilton: Time for aviation sector restructure

“This is a golden opportunity in the midst of all of this to restructure,” said Hamilton.

Monterey unveils 2020 Jersey funds report

The number of serviced schemes increased to 1,495, up 11.9% and the total number of sub-funds recorded were also up to 1,981 – a 9.6% increase, from 1,336 and 1,807 respectively.

Acquisition boosts Brooks Macdonald International's Funds Under Management

“I am proud of what our teams in Jersey and Guernsey have delivered in the past six months in what has been an exceptionally difficult environment, as we reached a record £2.6 billion in FUM and continued to strengthen our team," said CEO

Private Equities Lead New Business in Jersey

New findings from Monterey Insight, the independent fund research company, reveal the market shares of all service providers in Jersey’s fund industry.

Ocorian assist Cordiant Digital Infrastructure Fund to list on LSE

Our Guernsey and UK teams supported Cordiant throughout the IPO process and are providing a full suite of fund administration

Guernsey licenses seven new captives in 2020

The year has started strongly, with Guernsey already seeing a new captive company, protected cell company and individual cell formations formed in 2021.

Jersey Finance Celebrates 60 Years of Jersey’s Finance Industry

2021 marks the 60th anniversary of Jersey’s international finance centre - a major milestone for an industry that today accounts for the Island’s largest workforce.

Arch Insurance Announces New Online Platform

The technology used for this online experience builds on Arch’s award winning RoamRight® travel insurance technologies and platform through which travel advisors and insureds have been purchasing leisure travel insurance for almost a decade.

Apex Group Announces Final Close of Fundrock Acquisition

Apex Group’s acquisition of FundRock not only strengthens its ManCo offering, but reinforces the Group’s single-source commitment to providing the broadest range of solutions in the industry.

SU increases investments in Central America, the Caribbean to $272 million

On SU’s Form 990, which provides the public with information about nonprofit organizations, the university lists its yearly investments in geographic regions around the world.

Finance Isle of Man launches campaign to promote captive market

IOM’s insurance industry contributes 19.2 per cent to the GDP, making it the largest financial services sector on the island.

Monument Re Completes Portfolio Transfer and Subsequent Delicencing of Omega Life

In accordance with the approval of the Irish High Court, the portfolio transferred to Monument Assurance Luxembourg with unchanged terms and conditions for policyholders.

Emerging Asset Management’s $1B AuM

"We look forward to the continued growth of EAM and our clients’ success in 2021 and beyond.

Davies launches new Guernsey office

Globally, Davies has more than 4,000 colleagues, with operating centres across the UK, Ireland, Bermuda, the US and Canada.

AIM and Hedge Funds