05/30/2023
Excellent Hamilton Re credit ratings affirmed
The very strong balance sheet strength assessment is supported by Hamilton’s strongest level of risk-adjusted capitalisation, as measured by Best’s capital adequacy ratio.
AIM and Hedge Funds
05/26/2023
Number of residential properties in Guernsey increased in 2022
At the end of December 2022, the total number of domestic property units in Guernsey was 27,494, of which 1,598 (5.8%) were Open Market.
05/26/2023
The Future Of Funds Is Bright – Guernsey Funds Forum 2023
The fund invests in 3-D printing that creates 'whole cut' structured meat products, cow-free diary produce and non-GMO plant protein ingredients.
05/26/2023
Sompo International expands to Canada
Dixon was formerly chief strategy officer for Aon's reinsurance operations in Canada and the Caribbean.
05/25/2023
Argo unveils deal to revamp its surety business
This partnership is an important step as we work to evolve Argo Surety
05/24/2023
The House of Green expands into Europe
The business is targeting revenue in excess of £1m for 2023 by expanding in Guernsey and accelerating growth in the more recently opened outlets in Jersey, Alderney and Sark.
05/24/2023
Moody’s backs RenRe-Validus deal but warns on volatility
The parties expect to complete the transaction in the fourth quarter of 2023, pending regulatory approvals and other customary closing conditions.
05/23/2023
BML opens self-service banking ATM centers in two more islands
Currently, Noonu atoll has a self-service banking center in Kendhikulhudhoo and branch services available in Manadhoo, Velidhoo, and Holhudhoo.
05/23/2023
Everest Re raises nearly $1.5bn in fresh capital
The final offering reflected an upsizing of a previously announced offering of 3 million shares and 450,000 option shares granted to the underwriters.
05/23/2023
Apex Group closes acquisition of MJ Hudson businesses units
Close of the acquisition of MJ Hudson’s regulated business units remains subject to regulatory approval.
05/22/2023
Five new insurers registered on Bermuda
Seven30 Insurance (Bermuda) was registered as a Class 2 insurer
05/22/2023
Jersey publishes house report for Q1 2023
On a rolling four-quarter basis, advertised private sector rental prices were 1% higher during the year ending Q1 2023 compared with the year ending Q4 2022.
05/22/2023
Monument Re acquires closed book via Luxembourg unit
Monument Re is a reinsurer and asset consolidator with a track record in the acquisition and operation of portfolios or direct insurers in Europe.
05/19/2023
Monument Re acquires life portfolio
The portfolio serves mainly the Luxembourg, Dutch and French markets, and is strategically aligned to MAL’s existing business model.
05/19/2023
Conduit continues with strong annual growth
Gross premiums written were $278 million, a 59.1 per cent increase over the prior-year quarter.
05/19/2023
Artex Risk acquires Irish unit
Allied Risk provides insurance and reinsurance management services as well as actuarial services to clients globally.
05/18/2023
Everest Re seeks $1.5bn of new capital
This would equate to a total capital raise of some $1.5 billion.
05/18/2023
LOM declares nearly $1.9m profit for 2022
In a filing with the Bermuda Stock Exchange, a company statement from chairman and chief executive Scott Lines also noted a significant drop in total revenues and assets under administration.
05/18/2023
Convex flags positives despite 2022 loss
Convex continued to grow and evolve in 2022.
05/17/2023
Sionic ‘Consumer Duty Market Insights’ Survey 2023
The survey includes expert insight on achieving a more outcome-focused approach in supporting consumers.