Managers of Wealth Offshore

White Mountains takes loss as media subsidiary's value falls

Average book value per share was down 1% in the quarter

Hamilton combined ratio drops to record low

The Bermuda segment saw GPW rise to $291 million from $227 million while underwriting income more than doubled to $45.8 million

Lancashire hits record first half net income

Across Lancashire we have committed people who are the foundation of our strong, positive culture and commercial success.

AM Best assigns ratings to Bermuda’s Martello Re

AM Best expects Martello Re’s risk-adjusted capitalisation to remain at the strongest level prospectively, providing a foundation for continued growth.

Exploring Guernsey’s international pensions landscape

Where an international pension operated from Guernsey is suitable, employers can harmonise pension benefits across those jurisdictions, which is a key advantage.

Jersey Water appoints Ravenscroft as new share broker

Today, the water utility has approximately 300 independent shareholders across all share classes, with the States of Jersey being the majority shareholder.

Deposit insurance fund grows past $40 billion

That is 21.6 per cent more than it was at the end of the prior year.

Financial analysis: Double-digit profits for MIA

During the first half of 2024, its revenues reached a record level of €64.4m

Financial analysis: Double-digit profits for MIA

During the first half of 2024, its revenues reached a record level of €64.4m

DARAG sells Bermuda and North American operations

DARAG was advised by PJT Partners and Nomura as lead financial advisers

Everest Group records Q2 net income of $724m

Net investment income improved to $528 million

Palomar Holdings reports Q2 net income of $25.7m

The outlook of these credit ratings has been revised to stable from positive.

Ledger Investing forms Cayman casualty subsidiaries

Ledger Investing will continue to provide support services for its casualty funds.

Q1 incorporations bounce back after rocky year

However, Robert Briant, partner and head of VI corporate practice at Conyers, said the relative stability of the totals is encouraging.

IGI net income drops on rise in short-tail losses

Return on annualised average equity was 22.9% for the second quarter of 2024 compared to 36.1% for the second quarter of 2023.

Green bond listing this year

The JSE expects to become the first stock exchange in the English-speaking region to facilitate the issuance of green and other sustainable bonds.

Vistra completes acquisition of Phoenix American Financial Services

Simon Webster, CEO of Vistra Group, stated: “Vistra’s vision is to make operating globally borderless and frictionless.

James River profit drops 60% despite investment boost

James River said gross written premiums dropped 3% to $412 million

Cayman fund formations rise in second quarter

Maples noted a consistent deal flow and many structured finance solutions that address capacity constraints among lenders.

Allied World gross written premium rises 8%

The company also said it completed an offering $600 million in 30-year 6.1% senior notes

AIM and Hedge Funds