Managers of Wealth Offshore

Financial services industry showed solid growth in 2020

The funds industry, Cayman’s mainstay in terms of financial activity, continued its expansion in 2020 as hedge funds posted a second consecutive year of double-digit returns.

Warning that Bermuda could face 'fiscal cliff'

At the end of September, the Government’s net debt was $2.94 billion

Labuan IBFC partners with RAM Ratings agency

Labuan Entity Corporate Assessment has enhance intra and inter-Labuan cross business as the Labuan IBFC jurisdiction grows from strength to strength.

Guernsey's social care fund 'will run out without action'

The anticipated combined contribution rates from both employees and employers in 2022 for both schemes is expected to be 11.4%, with the reports recommending an increase of 2.8% from 2022 to secure them until 2080.

The States of Guernsey welcomes S&P 'AA-/A-1+' Ratings affirmation

The Bailiwick's response to COVID-19 is factored into the ratings decision, which notes how much of the economy was able to return to normal trading in the middle of 2020.

Mauritius and Morocco join African Development Bank (AfDB/AFMISM) Bloomberg® bond index

The African Development Bank administers the ABABI, a family of African bond indices launched in February 2015 and calculated by the independent, global index provider Bloomberg

Guernsey Open Market and Local Market activity near pre-financial crisis levels

On the Guernsey Local Market, Unusualities of Guernsey recorded a total of 1,017 transactions in 2020, comprising 766 houses and 251 flats.

Aon sets up Marilla Re collateralized insurer in Bermuda

The portfolio built under Marilla is expected to be well-modelled, using AIR, covering named peril type exposures and is designed to be appealing to institutional investors, we understand.

Guernsey Fund Industry Continues to Flourish

New findings from the 26th edition of Monterey Insight’s Guernsey Fund Report, the independent fund research company, reveal the market shares of all service providers in Guernsey’s fund industry.

Flying Freehold property in Jersey

The Property is managed and administered by an Association Representative appointed by the Co-Owners. For larger developments a professional Association Representative and/or a Managing Agent is often appointed.

Bahamas Suffered $400m 'Shortfall' On Foreign Inflows

In 2020, total foreign currency inflows through the private sector, as measured from commercial banks’ purchases of foreign exchange, fell by almost 33 percent.

Duff & Phelps opens Gibraltar office

Stoneman's experience includes handling complex, multi-jurisdictional restructuring and insolvency cases in the insurance, fintech and gaming sectors, as well as considerable experience working in compliance and capital raising engagements.

TISE’s record fund raising helps Les Bourgs Hospice in 2020

Whilst for most entrants this would be testing enough, the TISE team came up with an additional feat appropriately called the TISE Everest Madness Challenge.

Enstar Announces Reinsurance Transaction With ProSight

The transaction is subject to the closing of a broader strategic transaction announced by ProSight today and remains subject to regulatory approval and other closing conditions.

RenaissanceRe Announces Estimated Net Negative Impact on Fourth Quarter 2020 Results of Operations

This net negative impact estimate includes Hurricanes Delta, Zeta and Eta, as well as aggregate losses associated with these and other events, and changes in estimated losses from third quarter 2020 weather-related catastrophe events.

How can UK alternative fund managers access European investors post-Brexit?

With the EU passport no longer available, Senior Consultant - Fund Services, Melville Rodrigues considers the solutions for UK real estate managers to continue to access European investors.

New name for STM Malta

The growth strategy is based on 5 key strengths: Superior customer service, strong knowledge base and financial resources, people development, up-to-date organisational operations, and strategic partnerships.

Aston Lark acquires Guernsey insurance manager

Aston Lark has acquired Neon Sapphire Underwriting Limited, a licensed Guernsey insurance manager.

Why Guernsey is a jurisdiction of choice for alternative funds

With an array of competing jurisdictions to choose from

Aztec Group supports the close of €700m Highland Europe Fund IV LP

We supported Highland Europe with the establishment of Fund IV LP and will continue to provide ongoing administration and accounting services from our Jersey office.

AIM and Hedge Funds