11/17/2023
BMA registers 11 insurers in October
The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.
AIM and Hedge Funds
11/17/2023
Over 50% take-up in RS2 scrip dividend
New Lombard Bank shares llisted
11/17/2023
Financial analysis: banking developments
Share prices of BOV and HSBC are the clear outperformers so far this year
11/16/2023
Cherry Godfrey expands
COO Tanzy Cherry said customers there will be able to take advantage of the wider selection of products that it offers in the three Crown Dependencies too.
11/16/2023
Maiden reports Q3 loss of $3.5m
Net investment income increased by $2.4 million.
11/16/2023
EU expects Malta's economy to grow faster than any other in 2024
European Commission projects a GDP growth rate of 4%
11/15/2023
Maltese businesses most likely in EU to plug skills gap with foreign workers
Almost a third of businesses said they hired workers from outside the EU
11/15/2023
Maples Group's Multi-Jurisdictional Expertise Shines with Partners from Ireland, Cayman Islands and Hong Kong Making '50 Leading Women in Hedge Funds' List
This prestigious list of industry experts proudly includes three Maples Group Partners from the Cayman Islands, Hong Kong, and Ireland.
11/15/2023
IGI net income drops on unrealised derivative losses
IGI chief executive officer Waleed Jabsheh said: “IGI’s excellent third quarter and nine month results - reflected in a combined ratio of 73.2% and a core operating return on average equity of 31.0%
11/14/2023
AM Best affirms IGI's financial strength rating
The group’s balance sheet strength is further supported by its strong liquidity position and conservative investment portfolio.
11/14/2023
Notice: CIBC FirstCaribbean Increasing Monthly Minimum Balance Fees
CIBC FirstCaribbean will be adjusting the minimum balance threshold and the monthly minimum balance fee on Business Current and Business Call products for all currencies.
11/13/2023
Retail sales volume declined 0.5% year-over-year to June
Sales volume for food stores fell 4.4 per cent, liquor stores' sales volume fell 6.2 per cent, service stations' sales volume decreased 0.4 per cent, and the sales volume at apparel stores dropped 4.4 per cent.
11/13/2023
James River exploring 'strategic alternatives'
“The board now believes it is appropriate to explore a range of potential strategic alternatives to maximize shareholder value.”
11/13/2023
Brookfield Re takeover of Argo on track for end of year close
Argo announced in February it was being bought by Brookfield Re, also based in Bermuda, for $1.1 billion.
11/13/2023
Arch unit to buy run-off mortgage insurance business of property insurer
“Our teams are experienced and proficient at acquiring and integrating mortgage insurance companies, which we expect will help us quickly maximize the value of this acquisition.”
11/13/2023
United Finance redeems €8.5m bonds
Trading suspended as bondholders receive
11/10/2023
SiriusPoint turns underwriting profit in third quarter
It said the improvement in net underwriting results was driven by lower catastrophe losses and improved favourable prior year loss reserve development.
11/10/2023
Argo Group readies for merger, reports Q3 net loss of $49.5m
Argo said the merger agreement outside date for completing the transaction has been automatically extended to February 8, 2024
11/10/2023
777 Re downgraded by AM Best, cites concerns
This resulted from the company’s significant exposure to investments in various 777 Partners originated assets resulting in higher risk charges.
11/10/2023
Hamilton prices IPO shares
The offering is expected to close on or about November 14, 2023, subject to the satisfaction of customary closing conditions.