Managers of Wealth Offshore

Pensions bill to nearly double over next 15 years

In 2023, pension expenditure was £154.2m with spending this year forecast to be £169.1m.

AM Best revises ratings for island-based Conduit Re

Conduit Re’s management have demonstrated its ability to adapt to market conditions, while achieving key objectives.

AXIS Capital agrees $2.3bn LPT with Enstar

AXIS said the transaction was predominantly attributable to casualty portfolios related to 2021 and prior underwriting years totalling $3.1 billion at September 30 .

Bahamas CPI holds steady in September 2024, reflecting stable inflation

When compared to September 2023, the Consumer Price Index (CPI), which measures the average change in prices paid by consumers for a basket of goods and services, declined by 0.8 percent.

Mapfre Re lists first cat bond

The three-year catastrophe bonds were a private placement and the listing sponsor was Walkers Listing Services.

Jersey: The Home of Alternative Capital

The Island’s agility, market innovation and it’s evolution into a specialist finance centre.

Concentric achieves Chartered Status and expands operations to Guernsey

Attaining the CISI Chartered FirmTM status in Jersey and obtaining our operating license in Guernsey is a testament to our team’s dedication

Resolution takeover leaves Nippon Life ratings unchanged

Nippon Life is buying the shares it does not already own in Resolution Life in the deal.

ABIR members contribute $1bn to Bermuda economy

The leading international re/insurers surveyed employed 2,140 full-time employees in Bermuda

Double ProShare Award Win Recognises JTC’s Shared Ownership Success

Earlier this year the global service provider granted share awards worth around £50m to its global workforce

Mourant expands presence with new office in the heart of London

The recently refurbished building features a redesigned reception and communal areas, bike storage and showers, ensuring a premium experience for the firm's team and clients.

Merchant Navy Ratings Pension Fund completes £450 million longevity swap via Guernsey captive

The transaction is structured via a Guernsey-based captive insurer owned by MNRPF’s trustee and onwards reinsurance to MetLife.

Enhance announces new ownership

The transaction received regulatory approval from the JFSC on Tuesday 3rd December

Allianz forms Bermuda life re/insurer

Deutsche Bank said in a release that Allianz sees the Sconset Re sidecar as representative of the opportunity it sees with its life and asset management business in the US.

Brit Re’s ratings affirmed

Brit Re’s very strong balance sheet strength is supported by historically profitable underwriting results and manageable premium growth.

Munich Re targets net profit of €6bn for 2025

The reinsurer describes current market conditions as favourable, noting that it will continue to leverage its strong market position.

Bedell Cristin's Jersey team advise Andium on £100m private placement funding

The funding secured by the issuance, which is Andium's first in the private placement market

MetLIfe and General Atlantic launch $1bn life reinsurer

MetLife said its ongoing commitment to its policyholders will remain unchanged following the transaction and MetLife will continue to be responsible for all customer-related functions.

Fortitude gets A3 rating from Moody’s

Fortitude Re had $111 billion in total assets as of December 31, 2023.

Argus shareholders to vote on BF&M merger

BFM&M shares traded for $18.05 on December 9, which gives each Argus share an implied value of $4.,53.

AIM and Hedge Funds