Managers of Wealth Offshore

US, Bermuda reinsurers expected to continue strong performance in 2024

Significant realized and unrealized investment gains and higher net investment income also contributed to strong net earnings in 2023.

Law At Work acquires Insight Limited

The Insight team have joined LAW at their offices in Seale Street.

Aztec Group welcomes Warburg Pincus as strategic partner

The investment is a significant endorsement of Aztec’s current strategy and future prospects.

Engel & Völkers named to Franchise Business Review’s 2024 Culture100 List

Engel & Völkers was among more than 360 franchise brands, representing more than 36,000 franchise owners, that participated in Franchise Business Review’s research on the best franchise cultures.

SiriusPoint partners with Gigasure for travel insurance

Created in partnership with Blink Parametric, these travel delay benefits provide real-time claim support.

Reckon Financial Services launches in Jersey

Reckon Financial Services offers a range of services to provide clients with opportunities to strengthen their financial function and bottom line.

Bermuda firms benefit from surge in annuity reinsurance

Bermuda and the Cayman Islands have gained in popularity due to their stable political and economic environments and regulatory landscapes

Catastrophe bond market grows to record $45.6bn

Bermuda is among the leading ILS jurisdictions, and the Bermuda Stock Exchange is the global listing leader.

Strategic Wealth Preservation opens purpose-built facility equipped with two impenetrable Class III vaults

That purpose is to buy and store physical gold and silver in what is arguably the safest and most highly-rated vault facility in the Caribbean.

External reserves grow by $71 million in July, reaching $3 billion

This improvement was supported by a shift to a net inflow of $26.4 million from the public sector, compared to a net outflow of $45.4 million in 2023.

JTC announces plans for acquisition

This acquisition is exciting for us, as share plan services are closely aligned with our own shared ownership philosophy

In Conversation with Women in Alternatives: Nadine Buckland

In what is still a relatively nascent asset class, the reliability of information will be key to investor confidence.

Ascot sells MGU units to Ryan Specialty

Ethos P&C was founded in 2017 by Ascot Group and will become part of the Ryan Specialty Underwriting Managers division of Ryan Specialty.

Who is actually the actuary? Appointed actuary and peer review actuary appointments in Cayman

The appointed actuary may be an employee of the (re)insurer or a consulting actuary from an external third party.

Ocean Wilsons Holdings reports $38.4m first-half profit after tax

The company is listed on both the London Stock Exchange and the BSX.

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

AIM and Hedge Funds