Managers of Wealth Offshore

Key factors to consider when establishing a captive insurance company

This is a great example of why choosing the most suitable domicile and licence is important and we will approach this in part three of the series.

Mixed Brexit impact on the Overseas Territories

In Cayman, he said, “We have seen a strengthening of the relationship, even prior to Brexit.”

Guernsey Finance Industry Update - your questions answered

At the time we received a number of questions for our executive team from the audience at the event.

Why choose Bermuda for your captive?

Bermuda has implemented a series of positive and highly nuanced upgrades to the substance-related regulatory environment

Jersey based TEAM to list on London Stock Exchange

TEAM PLC, through the London Stock Exchange (LSE), has announced its intention to proceed with an Initial Public Offering (IPO) and to seek admission of its shares to trading on the UK’s Alternative Investment Market (AIM).

Cayman Islands forms 36 new insurers in 2020

Cayman finished the year with a total of 630 B licenses, 23 C license and 5 D licenses as well as 36 portfolio insurance company licenses.

Financial markets turn to optimism as economies are poised to recover

As global trade collapsed and domestic economies ground to a halt, corporations used cheap debt to support their operations.

Growing Digital Divide in the Workplace is Forcing Employers to Rethink the Ways They Communicate with Employees

Due to COVID-19 precautions, many employers continue to limit or prohibit in-person workplace interactions among non-essential workers.

Key benefits of establishing a captive insurance company

A well-run captive can be an effective risk management tool, reducing group insurance costs for the captive owner.

What is your company strategy and will change bring you opportunity?

Many firm’s origins were as carve-outs from private banks, law firms or accountants to become standalone businesses.

RBS International announces 2020 annual results

RBS International CEO Andrew McLaughlin (pictured) commented: “Colleagues across our six jurisdictions pulled out all the stops to support customers, each other and the community in an exceptional year.

Essent reports dip in profits in 2020 amid “challenging year”

Essent Group, the Bermuda-based holding company that owns Essent Guaranty, which offers private mortgage insurance in the US, saw a dip in profit in 2020, but insisted the outlook for housing looks bright in 2021.

Compre completes its second Lloyd’s transaction

Compre, the international specialist legacy group with operations in Bermuda, has completed its second Lloyd’s transaction, the reinsurance to close of Syndicate 3330’s 2018 year of account into its recently established Lloyd’s Syndicate

Aztec Group supports on closing of US$2.75 billion infrastructure fund

The fund will focus on opportunities in the utilities, power, transport, and digital communications sectors across North America and Europe.

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.

AIM and Hedge Funds