Managers of Wealth Offshore

APS and BOV generate record H1 profits

MSE Equity Price Index advances by 0.15%

Caribbean Development Bank boosts Belize’s Micro Small and Medium-sized Enterprises with $12.5 million credit line

Тhіѕ іѕ асhіеvеd bу рrоvіdіng rеаѕоnаblу рrісеd fundіng tо іndіvіduаlѕ оr grоuрѕ ѕееkіng tо аdvаnсе kеу есоnоmіс ѕесtоrѕ but lасkіng thе nесеѕѕаrу rеѕоurсеѕ tо dо ѕо оn rеаѕоnаblе tеrmѕ.

HSBC moves to high street with opening of new Isle of Man branch

The branch move to the high street follows the relocation of HSBCs Head Office teams to a new central Douglas location earlier this year.

Conduit Re posts first profit

That compares with a comprehensive loss of $39.4 million in the first half of 2022.

Economic Development looking to improve banking for business and consumers

It is also undertaking a “general review” of the banking sector “with a view to developing policy proposals” to remove troubles for businesses and individuals.

Record reinsurance growth drives Everest to $670m Q2 profit

Everest’s second quarter performance was outstanding

“It’s time for the States of Guernsey to intervene in local banking crisis”

The current banking marketplace for new businesses is not sustainable.

RenRe reports second-quarter net income of $191m

RenRe reported a 13.5 per cent annualised return on average common equity and 28.8 per cent annualised operating return on average common equity.

Equilibria increases stake in Argus

BF&M has implemented a so-called poison pill defence in an apparent bid to fend off the $100 million bid.

Queue lines up Bermuda office

Queue said its new location is part of the company’s ongoing growth plans.

Equilibria now owns 23.9% of Argus

The two companies entered into a “relationship agreement” at that point, and as part of the deal, the investment company got a seat on the board.

Importance of substance and innovation in complex environment highlighted by JFA Chair

With figures in early 2023 indicating that the total net asset value of funds under administration in Jersey stood at a record high of more than half a trillion pounds

New Local Economy Strategy to be implemented by Business Isle of Man

Over the next three months Business Isle of Man will be conducting a number of consultations to develop a robust evidence set to support the strategy

Ashburton Investments launches equity fund

Cooke commented: "With our new fund, we invest in companies we believe look to deliver above-market levels of earnings growth on a sensible valuation.

Somerset Re agrees to reinsure $12.5bn block of Prudential life policies

“Somerset Re is pleased to expand its risk management support for Prudential Financial in this transaction,” said Jeffrey Burt

Assured Guaranty unit retains A+ rating

AM Best said the company’s life financial reinsurance program continues to exhibit risk profiles with very low loss probability.

Swiss Re structures Blackstone’s first indemnity cat bond

This transaction is the result of a collaboration between Blackstone and ILS investors to develop a new solution that fits the challenges of an asset manager and expands the boundaries of the ILS market.

RF launches new private equity fund to invest in private Bahamian companies

The private equity opportunities selected by the Fund will be vetted by the Fund’s investment Advisor prior to seeking investor participation.

AM Best affirms rating of Suramericana captive

AM Best assesses the company’s balance sheet strength as very strong

BF&M announces poison pill defence

Under the rights plan, the rights will become exercisable if an entity, person or group acquires beneficial ownership of 15%

AIM and Hedge Funds