Managers of Wealth Offshore

Nabors returns to profit in first quarter

This gain was partially offset by non-cash charges of $28.6 million related to the winding down of operations in Russia and expenses associated with the Parker acquisition.

Wightman: tax reform and healthcare next big challenges

The Government’s Pre-Budget Report said that proceeds from the CIT “will allocate $50 million to launch universal healthcare

$35m investor windfall as bank’s profits up 29%

The profitability leap from $66.338m in 2023 was entirely driven by an almost 11-fold increase in reversals of provisions for non-performing credit and loans.

Afreximbank ready to fund Africa-Caribbean trade route

Ihejirika identified the absence of direct shipping and air connectivity as major barriers to trade between Africa and the Caribbean.

BF&M keeps strong ‘A’ rating from AM Best

Argus Insurance Company and Bermuda Life Insurance Company, which are now part of the BF&M group, also kept solid ratings of A- (Excellent), with a positive outlook.

Exclusive Dubai Roundtable on Global Fund Industry Trends

Participants also explored emerging trends in investment structuring, focusing on innovative approaches to meet evolving market demands.

JTC Shared Ownership Success Recognised with GEO Awards Double Win

Winners of the Awards are selected by a panel of highly experienced independent judges.

Witney-Price expands across Europe

Witney Price is an investment firm with ventures across the globe, including locally such as Sark Electricity Ltd.

Pension Corner: Why is a pension such an important part of making our dreams a reality?

Without personal or workplace pension savings, most of us will not have these options or opportunities.

Insurer eyeing $1m profit fall after 2024’s 64% jump

RoyalStar is also continuing to diversify its traditional reliance

Imperium Group acquires Nightingale Trustees SA to expand international presence

This strategic acquisition, which has received approval from the Swiss Financial Market Supervisory Authority (FINMA), represents continued international growth for Imperium Group.

Everest reports positive net income as catastrophes drive underwriting loss

Despite this, Everest has generated positive net income of $210 million and net operating income of $276 million for Q1’25, compared to $733 million and $709 million in Q1’24, respectively.

AXIS completes $2.3bn LPT deal with Enstar

“AXIS will maintain claims control for the covered reserves subject to certain administrative rights of Enstar,” it said.

Aspen reports increased GWP in unaudited Q1’25 results

The higher combined ratio is reflected in lower underwriting income of $27.2 million, compared with $89.5 million in Q1 2024.

Bahamian economy shows signs of slower growth in Q1

This constraint has had a more significant impact on earnings potential compared to the previous year.

ECLAC downwardly revises growth projections for Latin America and the Caribbean in 2025

The growth rates expected given the new revision are 2.5 percent in South America, 1.0 percent in Central America and Mexico and 1.8 percent in the Caribbean (excluding Guyana).

‘First of a kind’ captive assisted buy-in completed in Guernsey

The captive reinsurer is managed by SRS Management Guernsey Limited.

Arch Capital’s Q1’25 GPW up to $6.5bn as CoR rises to 90.1%

Given the elevated cat loss experience in the period, Arch’s combined ratio increased by 11.3 points to 90.1% for Q1’25, compared with 78.8% in Q1’24.

AM Best upgrades SiriusPoint outlook to positive

SiriusPoint also turned around its underwriting performance.

BDA shifts focus to investment

A big part of the plan is encouraging businesses already based in Bermuda to reinvest in the island.

AIM and Hedge Funds