Managers of Wealth Offshore

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

Essent rides rising interest rates to profit hike

Insurance in force as of June 30, 2024 was $240.7 billion, up 8% from $235.6 billion in the second quarter in 2023.

Ready for liftoff

That changed in early 2023 as the hard market took hold and the $100 billion barrier was broken in the first and second quarters of the year.

Finance Isle of Man launches Sustainable Finance initiative

This project aims to enhance the Island’s reputation as a leading International Finance Centre by facilitating capital flows for sustainability-based products.

Rate cut 'great news' for Channel Island borrowers

The announcement was made hours after new figures confirmed average property prices in Jersey fell by 9% in the year to June.

JTC completes acquisition of First Republic Trust Company of Delaware

The acquisition has been finalised following receipt of final regulatory approvals and the satisfaction of other closing conditions, further to its initial announcement on 22 April 2024.

Conduit net income jumps 24.8%

The company's loss ratio deteriorated to 62.4% from 57.5% while the company's investment return edged up to $23 million from $22.6 million.

AXIS Capital profit jumps 42%

"In the quarter, we delivered on our stated goals, producing an annualized operating ROE of 20%, record operating EPS of $2.93, and a combined ratio of 90.4%."

UK CFOs gear up for growth following the election

Corporate risk appetite saw its biggest rise in more than four years in this quarter’s survey

PartnerRe reports first-half results of 2024

Our investment portfolio also performed well, resulting in a 28 per cent growth in net investment income compared to the first half of 2023.

Palomar gets ratings upgrade

The combined ratio, based on GAAP reporting, was well below 90 in each of the last three years, improving the five-year average to the mid-80s, coupled with formidable return measures.

Legacy insurer Carrick buys Cayman health insurer

Established in 2019, Carrick has formed a non-life runoff business with operations in Bermuda, the United Kingdom and the US.

Legacy insurer Carrick buys Cayman health insurer

This type of transaction fits perfectly within Carrick’s strategy to provide solutions to the insurance market and expand global operations to include the Cayman Islands.

Growth forecast remains in the low two percent range says Central Bank Governor

Although the speed of growth has moderated since the completion of the recovery from the pandemic, activity remained slightly accelerated in comparison to the economy’s expected medium-term potential.

12 years of investment excellence: highlight in BOV's 50-year legacy

Testament to BOV’s dedication to excellence and innovation

Reinsurance and investments power Arch to $1.3bn profit

The Bermuda-based re/insurer also recorded favourable development in prior year loss reserves of $124 million.

SiriusPoint joins forces with marine MGA

“At SiriusPoint we want to work with experienced, ambitious MGAs, helping them to excel by understanding and identifying exactly the right type of support they need from us to reach their ambition.”

BOV reports profit before tax of €148.2 million for first half of 2024

An increase of 40.9% over same period last year

Investment returns drive Enstar to $126m profit

Total investment returns jumped to 5.2% compared to 3.0% in 2023 as a result of a slowdown in interest rate increases.

AIM and Hedge Funds