Managers of Wealth Offshore

Expanding Malta’s trade horizons

The complexity of international trade means that markets nowadays are incredibly interlinked

Axis Capital launches new specialty unit in Canada

The company said the expansion into EIL in Canada is supported by the existing Environmental team that is well established within AXIS in the US.

Verisk unveils new generation of catastrophe models

This development underscores Verisk’s commitment to driving innovation and resilience within the insurance sector.

Lancashire launches US subsidiary

Lancashore announced last August that it would open a US subsidiary

Voting Opens for Finance Industry’s 2024 Rising Stars Awards

Nominations opened in January for firms to put forward young people that they felt deserved recognition

JTC Reports Another Exceptional Year With Record Organic Growth And Strong Momentum

Client demand for JTC’s services continues to grow, demonstrating its robust business model in the post pandemic environment and its resilience to wider macro volatility.

Howden Tiger to become Howden Re

This strategic change follows Howden’s rebrand in October last year, which united its broking operations under one name.

Executives wary of global political change

Respondents increasingly see political developments as a primary hazard to the global economy.

RS2’s growth fuelled by evolution of payments industry

RS2 empowers some of the world’s largest banks, financial institutions, fintechs, acquirers, and payment service providers across Europe, the US, Latin America, Asia Pacific, and the Middle East

Asset manager joins forces with Kuvare

This partnership with Kuvare anchors Blue Owl's expanding presence in the insurance channel

AXA XL Bermuda updates its D&O liability form

The definition of Loss is expanded to include mitigation costs incurred by Insured Persons to prevent a Claim or mitigate the severity of the covered Loss.

BML sees record performance, proposes highest-ever dividend

The bank’s CEO and MD also expressed gratitude to shareholders for having faith in BML’s journey.

Bermuda’s ILS sector needs to show it is sustainable, says Artex’s Faries

Faries said Artex had also seen an increase in sidecars, especially in the Bermuda market.

Aon report suggests property cat market is softening

The report said pricing was favourable for US insurers in the April 1 renewal, setting the stage for this to continue in the mid-year renewals, where volume is heavier.

Financial analysis: BOV’s dividend payout ratio at 26% for FY2023

BOV Group generated a record level of profits in 2023, amounting to €251.6m pre-tax

Interest rates and their effects

As interest rates directly affect the cost of borrowing, lower rates will encourage consumers to splash out

Home-buyer mortgage approvals jump to highest level since month of mini-budget

The number of mortgages approved for house purchase topped 60,000 in February, for the first time since September 2022.

Somerset Re closes reinsurance transaction with Prudential

Prudential will continue to service the block.

Aspen reports profit of $485m

For the full year 2023, Aspen Capital Markets generated $136 million in total fee income

Vistra unveils new purpose, brand and strategy following merger with Tricor

The announcement follows the completion in July 2023 of the merger between Vistra and Tricor Group

AIM and Hedge Funds