Managers of Wealth Offshore

Cost of living and increased interest rates make Guernsey property buyers more cautious

The raw median price (realty only) of the 12 Open Market transactions in the third quarter of 2023 was £1,443,438.

James River sells casualty reinsurance operations

Frank D’Orazio, the company’s chief executive officer, said: “Today’s announcement represents a key milestone for James River and is strategically significant for both our Company and Fleming.

ABIR congratulates RenRe on purchase of Validus Re

Bermuda’s internationally recognised regulator, world-leading talent base and culture of innovation drive the market’s leadership in finding solutions to large and complex risks such as climate change and cyber.

Enstar Group records Q3 net earnings of $38m

That compares with a net loss attributable to ordinary shareholders of $432 million in the prior year quarter.

Assured Guaranty reports Q3 net income of $157m

Third-quarter capital returned to shareholders was $80 million including share repurchases of $64 million and dividends of $16 million.

US life insurer CNO forms Bermuda-based captive

It said the goal of the company was to “enhance competitive position through a structure that enables disciplined capital deployment” and to increase capital efficiency.

White Mountains reports Q3 income of $23m

The company reported book value per share of $1,542 and adjusted book value per share of $1,588 as of September 30.

SRS launches Altitude MGU

SRS said it has recruited several seasoned ART and corporate insurance industry experts that will join in the coming months.

Brookfield Infrastructure reports Q3 net income of $104m

Brookfield said its take-private acquisition of Bermudian-based Triton International closed on September 28.

ABIR Congratulates RenRre On Acquisition

The combination of two Bermuda-born companies to create a top-five, diversified global reinsurer speaks volumes about the Bermuda market’s growth, evolution and continuing relevance.

Palomar Holdings reports Q3 net income of $18.4m

The results included record quarterly gross written premium, adjusted net income growth of 153 per cent, and an adjusted return on equity of 22.3 per cent.

Financial planner shares expertise with 100WF Bermuda chapter

On average, women in Bermuda live to the age of 94 compared to men's average life span of 92

Hiscox retains A+ rating from AM Best

Strong underwriting performance and a rebound in investment performance resulted in the group reporting a robust profit after tax of $250 million for the first six months of 2023.

JTC Shortlisted In Two Fund Administration Categories At Asset Servicing Times Industry Excellence Awards 2023.

The awards are dedicated to supporting and recognising talented and dedicated firms, individuals and departments across the financial services industry.

Essent earnings flat as rise in expenses offsets premium jump

Overall, losses and expenses rose 72% to $86.6 million from $50.8 million.

AXIS Capital celebrates record specialty production in third quarter

The company recorded an 89.7% combined ratio excluding catastrophe losses, up from 88.1% in 2022

Ren Re completes $3.5bn purchase of Validus Re from AIG

Sidley Austin LLP and Oxbow Partners acted as legal counsel and integration consultant, respectively, for RenaissanceRe.

CIBC FirstCaribbean is rebranding to CIBC

St Hill noted that the regional bank has always had the distinct advantage of being a part of a widely respected and recognised global brand

Private debt: a silver lining in times of crisis

Investors continue to favour private debt

Arab Bank appoints European Depositary Bank for depositary services

This latest news follows the appointment earlier this year of Executive Management Board Member, Holger Barth as Global Head of Banking Depositary.

AIM and Hedge Funds