Managers of Wealth Offshore

Enstar Announces $3.12 Billion LPT Transaction with Aspen

Enstar will assume net loss reserves of $3.12 billion in the LPT transaction, which is subject to a limit of $3.57 billion.

New $1.65bn Bermuda reinsurer launches backed by MassMutual

Once completed, it will offer its services selectively to other top insurers in the life and annuity space.

SCOR sidecar wins Swedish pension investment

“This is another important milestone in the development of SCOR’s third-party capital strategy, with an important partnership with a leading pension fund.”

TMF Group bolsters presence in Latin America

The acquisition is a key milestone in TMF Group’s strategy to grow its global fund services business and bolster its capabilities in the Americas.

Jake Kelly Receives Top Marks in STEP Awards

Jake received his crystal award at the STEP Isle of Man AGM in December where he was also presented with prize money of £250 which he donated to his charity of choice, Beach Buddies.

More challenging investment conditions in 2022

Although high-grade bond issuance was down slightly, mainly because many blue chip companies raised so much debt in 2020, junk-rated bond debt soared.

US$100 million private equity dispute heads to trial

The case centres on Port Fund’s sale of its main investment asset Clark Global City, a property development in the Philippines, in November 2017.

Teneo Acquires KPMG’s Cayman and British Virgin Islands Restructuring Business

The acquisition expands the Teneo footprint into another key financial market, bringing its global Financial Advisory headcount to 350 professionals across the U.S., Europe, Asia-Pacific and the Caribbean.

Acclime doubles presence in Malaysia

Acclime's expansion in Malaysia continues its active growth as the Asia specialist in providing compliance and corporate services throughout the region.

DBJ seeks two SME fund managers, $6 billion to be deployed

Upon selection, the SME Fund Managers are expected to raise capital of at least twice the value of the $2 billion invested by the DBJ - $4 billion.

Fortitude Re buys TPAs from AIG

The FPCS acquisition allows Fortitude Re to provide proactive casualty claim management services for many employee injury, legacy environmental and complex casualty programmes.

Apollo/Athene merger closes

This combination is a competitive differentiator and a growth accelerant, bringing expected benefits to all of our shareholders, policyholders and important stakeholde

Government considering US$400 million bond issue

Currently, all of government debt is in the form of various loans from local banks, most of it with a maturity of fewer than six years.

DARAG Bermuda completes novation for Cayman reinsurer

“The completion of the deal provides the company with a clean economic exit and certainty about future development.

Velocity Risk MGA majority stake sold to Oaktree by Nephila

Now, Velocity Risk provides insurance coverage to customers in many of the most catastrophe-exposed areas of the United States.

Bermuda-based managing general agent embarks on international expansion

Before that, he was SVP of executive and professional lines at Berkshire Hathaway Specialty Insurance, tasked with starting up and building out the executive and professional lines business in Canada.

Global Bond Winners for 2021

A deeper look into 2021 performance shows the top performers have mostly fallen in price, but coupon returns were high enough to offset these losses.

SiriusPoint invests in tech-enabled Canadian life business

The transaction also provides SiriusPoint with direct access to Canada’s growing life re/insurance market.

Nephila to launch new Lloyd’s Syndicate in January

The new syndicate will focus on short to medium tail lines of business accessed through partnerships with leading underwriters.

Argo sells off Malta business

The deal also follows the sale of Argo’s Italian business last December and, more recently, its Brazilian business in October.

AIM and Hedge Funds