Managers of Wealth Offshore

RBS sells Lombard assets for $203 million

RBS declined to confirm the Sky News story. Investec and Shawbrook were not available for immediate comment.

Armour raises funds to create new reinsurance company

Armour Group will co-invest in global P&C run-off transactions in parallel with the group’s affiliates.

Qatar Re to buy Markerstudy subsidiaries

The QIC Group has what it described as ‘an existing substantial relationship’ with Markerstudy through Qatar Re and QIC Europe.

Blockchain Venture Capital Fund Planned By Waves Platform

The Basics Fund is seeking an initial $10 million in investment this month, with a total of $30 million by April.

Alliance of BVI Professional Services Businesses Commits USD 100,000 in Joint Donation to Rebuild the BVI After Hurricane Irma

Individually the Alliance members are also supporting other appeals as well as carrying out their own relief and recovery efforts.

US$19bn hedge fund platform drops funds in offshore jurisdictions

Lyxor, which is owned by French bank Societe Generale, has already doubled assets under management in UCITS hedge funds to €2.5bn over the last three years.

Waves Platform Launches Venture Capital Fund Focusing on Crypto-Assets

The fund will be registered as a Cayman Islands GP/LP Venture Fund. An initial $10 million in investment is sought for January 2018, with a total of $30 million by April.

Offshore jurisdictions vie for cryptocurrency dominance

“There are signs that the current valuations of Bitcoins are being enhanced by speculative investment flows,” it reads.

Boggy Sand Road home sells for record US$12.5 million

The owner listed Coconut Walk with Sheena Conolly’s Sotheby’s International Realty in January

FirstCaribbean Bank releases statement about NYSE listing

We have demonstrated continued market share gains with greater-than-average market growth across most geographies and business segments.

Intertrust Offers AIFM Services From Luxembourg

The Luxembourg AIFM team, with wide expertise in risk management, portfolio management, legal matters and compliance, is ready to provide flexible and tailor-made solutions to third-party clients.

STEP honour for Harbour International Trust Director Randall Krebs

Mr. Krebs, a private client lawyer who joined Harbour in March 2017, is responsible for the development and maintenance of Harbour’s private client, family office, trust, and corporation administration business.

New venture targeting marine, energy, aerospace launched on Bermuda

The company said it will work with brokers and intermediaries to advise on the planning and structuring of programmes.

Sovereign acquires Gibraltar book from Concept

Gerry Kelly, COO of Sovereign, commented: “We are delighted to welcome the former Concept pension scheme members into the Sovereign fold.

Helvetic launches cryptocurrency fund

The fund has defined an industry standard for the insured, safe-keeping of crypto assets.

Jamaican-Canadian Billionaire Set To Take Majority Stake In Bermuda Bank

The transaction has received the approval of the Bank of Jamaica and there has been no objection from the Bermuda Monetary Authority.

BOV Turns Against Cryptocurrencies

Bank Of Valletta Blocks Client Transactions To Purchase Bitcoin

Beijing and Guernsey in captive insurance joint venture

ARM Managing Director Charles Scott said captives are going to be at the forefront of innovation in China’s insurance market.

Stanley Gibbons (Guernsey) goes into administration

PricewaterhouseCoopers, will take control of the stock and will let investors know about the options available to them

AIM and Hedge Funds