Managers of Wealth Offshore

Argo Group ratings affirmed

The ratings agency said the underwriting revisions had “tempered premiums written”, but should lead to a return to profitability and ensure future capital growth.

MS Re’s rating upgraded to A

Am Best said the ratings reflected MS Re’s balance sheet strength

SiriusPoint strategy wins support from ratings agency

SiriusPoint reported a robust pre-tax profit of $319 million in 2023

Butterfield reports first quarter 2024 results

The efficiency ratio for the first quarter of 2024 was 60.9%, compared to 61.7% for the previous quarter and 56.0% for the first quarter of 2023.

CI first Citrix Platinum Partner named

Citrix is a global cloud computing and virtualization technology company.

Praxis expands its global footprint with launch of Ireland operation

With plans for a client-facing team on the ground, the administrative support is being provided by the Group’s well-established operation in the Isle of Man.

HashKey engages Solidus Labs to detect suspicious activities

It said the collaboration will facilitate real-time alerts and market inspection, ensuring robust monitoring and detection of suspicious activities.

Butterfield Reports First Quarter 2024 Results

Board declares dividend for the quarter ended March 31, 2024 of $0.44 per share

Guernsey professionals advise on £1.75 billion fund

The fund, which is the largest dedicated minority fund in Europe, focuses on making minority equity investments in entrepreneurial ventures characterised by high growth and substantial profit margins.

Cumulus Re cat bond listed on BSX

Businesses are increasingly reliant on cloud services for storage and computing power

Ariel Re and Hiscox form cyber catastrophe consortium

We wanted to find another leading reinsurance market

Hili Ventures subsidiary 1923 Investments sees revenue grow to €282 million

Maltese-owned business sees huge growth in Polish markets thanks to Apple resellers

Guernsey professionals advise on closing of €459 million fund

With a flexible mandate, the firm can invest as both a minority and major investor, typically providing equity investments ranging from £50 to £150 million.

Jersey is Well-Positioned as Private Markets Open the Doors to a Broader Base of Investors

Jersey’s significant flexibility as an international finance enables it to cater to investor needs

SiriusPoint joins forces with Norwegian offshore energy provider

This extra capacity comes in addition to that provided by NIORD’s parent company, Norwegian Hull Club.

MDB committed to forge stronger ties with two leading trade-related chambers

Meetings with the Chamber of Commerce and the Chamber for SMEs

Cayman says reinsurance market is booming

The Cayman Islands has eight Class D reinsurers with a physical presence and at least 80 Class B (iii)-licensed captive reinsurers.

JTC To Acquire First Republic Trust Company Of Delaware

Post-completion of the acquisition, FRTC-DE will become part of JTC’s Private Client Services division.

Mosaic partners with Macquarie on transactional liability

The move forms part of Macquarie’s strategy to write a greater volume of premium via its Managing General Agent by broadening the capacity currently provided to it under existing binding authority agreements.

Convex turns profit for first time

The company's combined ratio improved to 89.6% from 98% although its net underwriting income was not given.

AIM and Hedge Funds