Managers of Wealth Offshore

ABIR members’ GWP jumps by 18% in 2023

ABIR said the global underwriting report results were affected by the acquisition of Validus by RenaissanceRe

Bermuda’s Wilton Re in $11bn deal with Prudential Financial

The transaction will result in approximately $350 million of expected proceeds, post-closing, for Prudential.

Cat bond market increases to record $45.6bn

Aon said the introduction of cyber risk to the sector – five cyber catastrophe bonds totalling $575 million were brought to market over the period

Mining company seeks Bermuda advantage

“The board believes that the arrangement is beneficial to the company and its shareholders because the company will receive more favourable tax treatment in Bermuda.

Ocorian urges asset managers to prepare for changes to the sustainable finance disclosure regulation (SFDR)

The EU Commission is expected to announce amendments later this year

Withdrawing a pension if you want to retire early

This depends on the rules of the different pension arrangements that you have.

Sun Life launches new HNW product

The company said Sun Global Luna continues Sun Life’s history of client-centric practices, with an easy implementation process that does not require medical or financial underwriting.

Financial analysis: Interest rate cuts ahead

The changing interest rate environment should translate into higher bond prices

ISACs in Bermuda: an innovative option for business owners

An ISAC is a corporate entity that allows for the segregation of assets and liabilities into distinct incorporated segregated accounts.

AM Best affirms ratings of Enact Re Ltd

AM Best said it assesses ERL’s business profile as limited because of its concentration in US single-family mortgage reinsurance risk.

Quad Central achieves Malta’s first LEED Platinum certification

Sets new standard for sustainable buildings

Groundbreaking private catastrophe bond launched in Guernsey

This new series 2024-1 private cat bond marks the first time a catastrophe bond has been issued using a Guernsey PCC structure.

Global Atlantic’s rating affirmed due to strong growth

AM Best assessed Global Atlantic’s balance sheet strength as very strong and noted its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).

Bermuda’s reinsurance sector a driver of dedicated capital jump

The estimate factors in a 10 per cent rise in traditional capital.

Building an action plan for retirement

Maximising your income often means eliminating any debt that you still currently have.

Competition increasing in life/annuity reinsurance

There has also been an increase in the amount of reinsurance ceded offshore, the report said. Bermuda is the leading offshore domicile for life/annuity reinsurance companies.

Premia Re's 'A' rating affirmed

Based on a strong pipeline and Premia’s consistent, conservative approach to the business, KBRA believes that Premia Re should be able to continue its track record of positive net financial results.

Nissan captive's rating affirmed

The neutral business profile considers NGRe’s strategic role as a captive insurer for its parent, Nissan Motor Co.

Incorporating in Cayman – special purpose acquisition companies (SPACs)

There is also the ability to tailor constitutional documents to suit applicable listing rules and regulations, and the ability to use different types of shares or warrants as required for particular SPACs.

Ensuring generational wealth and stability

Establishing a family plan

AIM and Hedge Funds