Managers of Wealth Offshore

EY ITEM Club publishes upgraded economic forecast

The upgraded forecast strongly suggests that at the level of the overall economy, the UK will emerge with much less damage than originally feared.

Arch reports more than threefold year on year profit increase for Q1

In the reinsurance segment specifically, gross written premium was $1.47 billion, compared to $1.12 billion in the previous year.

Why offshore investments continue to be an attractive option

The only way out of this downward debt trajectory is inclusive economic growth.

First Cuban focused convertible bonds listed on TISE

The proceeds of the issue will finance the completion of further tourism-related and commercial property projects in Cuba.

Battea Class Action Services and Apex Group partnership offers clients securities litigation recovery services

This partnership will provide Apex Group’s institutional clients, including hedge funds and asset managers, with access to Battea’s “best in class” claims processing technology

High-end real estate doing well amid COVID-19, Compliance Commission inspector says

“The low end has been soft because a lot of persons locally have been out of work.”

Woodford sets up in Cayman after Jersey backlash

JFSC Director General Martin Moloney then ramped up the regulatory rhetoric, launching what the Financial Times described as a “blistering attack” on Mr Woodford’s plans

JTC Shortlisted At The Private Equity Awards 2021

Heading into their 20th year, these awards are the longest running and most prestigious private equity awards in Europe.

GFSC launches new Private Investment Fund options

All currently registered PIFs continue to be registered under the current “Path 1” regime which remains available to those wishing to raise money from broader categories of investor.

BISX announces addition of four investment funds

The funds are open-ended mutual funds, incorporated as international business companies under the laws of the Commonwealth of The Bahamas

Jersey fund drops hostile takeover bid of UK wealth manager

It ‘believes that other growth and acquisition opportunities are more compelling at this time’

Appleby Donates $25,000 to Bermuda Hospital Vaccination Clinic

The donation is to assist in the operating costs of the King Edward Memorial Hospital Covid-19 Vaccination Clinic.

Ocorian selected as administrator for housing fund

The fund, set up using a Guernsey Private Investment Fund structure, has raised an undisclosed amount at its first close.

Accuro finalist of the Wealthbriefing European Awards 2021

These awards showcase ‘best in class’ providers in the global private banking, wealth management and trusted advisor communities.

Guernsey braced for more pension longevity risk transfer deals after bumper year in 2020

This includes three deals in 2020 alone, with a combined scheme value of more than £8 billion.

Surge of interest in Guernsey for pension longevity risk transfer deals

A captive solution can also be a stepping stone towards purchasing a bulk annuity at a later date, and this has happened with some Guernsey deals.

JTC revenues rise by 16% despite pandemic challenges

Jersey-based JTC saw revenues increase by 15.9% in 2020, which it described as a strong performance.

Helix snares Hadler and Mortimer, unveils Bermudian excess casualty business

Helix Underwriting Partners has expanded its agency platform to include excess casualty insurance in Bermuda, and made a number of appointments to build out its offering.

Canopius names Invesco as alternatives partner as low rate environment continues to bite

Canopius Group, the global specialist re/insurer with operations in Bermuda, has named Invesco as an alternatives partner.

Malta Enterprise to cover costs of Malta Chamber membership to start ups

It is no coincidence that Malta Enterprise provides the space for start-ups to grow,” said Dalli.

AIM and Hedge Funds