Managers of Wealth Offshore

Insurer sees nearly 15 percent net income rise in Q3

McKeller noted that one of the lasting effects of Covid has been the advancement of the company’s online presence and ability to offer customers more options in that area.

Life sector draws on Bermuda’s unique qualities

BILTIR executive director Martin Laframboise said there were also macro drivers, for example the aging population, that impact the life sector globally and from which Bermuda benefits.

Fidelity cuts profits target by $2-$2.5m

Explaining the $1.8m year-over-year decrease in net income, which was largely driven by a 27.3 percent jump in general and administrative expenses

SiriusPoint drops MGA deal with Mosaic

The deal would have also included SiriusPoint investing in Mosaic, providing underwriting capacity to Mosaic’s syndicated capital programme and access to global licences and infrastructure through a fronting arrangement.

Loans & Secured Financing in The Bahamas

Financial Services Partner, Portia J. Nicholson, in conjunction with Associates, Kamala Richardson, Andre Hill and Dennise Newton authored The Bahamas Chapter for the Loans & Secured Financing Guide published by Lexology GTDT.

Somers Re has FSR affirmed by AM Best

Somers had the strongest level of risk-adjusted capitalisation

IoD Jersey partners with Anna’s Private Members’ Club

It’s also the perfect venue for our members to work and entertain clients, providing space for presentations, launches, seminars and private dining.

Orion Re maintains AM Best ratings

Orion Re was founded in December 2004 and is licensed by the Bermuda Monetary Authority to act as a Class III insurer without restrictions of any kind in its class.

AUM launches ILS Ocean Fund

The underwriting strategy for the fund will mirror that of the captive insurance company in which it is invested

ILS Ocean Fund launched by AUM Asset Management to invest into Barbados captive

The ILS Ocean Fund will allocate its capital to insurance-linked securities (ILS) opportunities across geographies and insurance sectors, the company explained.

Finance Department Fine-Tunes its Business Continuity Strategy

The pandemic showed us that without having proper planning when a disaster happens, we are ill-equipped and so therefore we want to ensure that our operations continue.

Excellent ratings for Bermuda captives affirmed

The ratings affirm that Castle Harbour and Harrington maintain the strongest level of risk-adjusted capitalisation

Jamaica: The Next ‘Investment Destination of Choice’

The Jamaican Government has approved a National Investment Policy that delivers a raft of initiatives that make it easier for both Jamaicans and foreigners to invest in Jamaica.

How effective succession planning can maximise business success

The prevailing philosophy tends to be ‘live in the present’, but a better one might be ‘look to the future’.

Guernsey's economy shows stronger post-covid recovery pattern

The statistics published in Guernsey last week showed that the island's economy had recovered well since the outset of the covid pandemic.

Bermuda’s life sector on show at IAIS

Scotland Courcy and Dickinson held a number of meetings with a range of international stakeholders.

Revenue collection up nearly $58 million for Q1 FY 2022/2023

Non-tax revenue performance improved by $3.7 million (4.9 percent) to $79.9 million supported by the receipt of $14.8 million in Hurricane Dorian proceeds,” the Ministry of Finance noted.

World WellBeing At Work Week: Why workplace wellbeing is so important for Deloitte

It’s important to us to make sure that we offer a variety of activities for our people to try that focus on physical and mental wellbeing.

IGI reports Q3 profit of $18.6 million

As we look ahead to 2023, we continue to closely monitor the broader economic effects of rising inflation and interest rates as well as foreign exchange movements.

Enstar completes Argo deal

Argo will retain a loss corridor of $75 million up to $821 million.

AIM and Hedge Funds