Managers of Wealth Offshore

Fund finance lending in Cayman, Luxembourg and Ireland: a practical checklist

The issues outlined in this chapter are not intended to be exhaustive.

Insurance sector predicting ‘exceptional’ year

Between October and December 2023, CIMA issued fifteen new international insurer licences

Conduit Re grows portfolio 38% at ‘very strong’ Jan 1 reinsurance renewals

Casualty premiums written declined 10% year-on-year to $101.4 million

AXIS increases prior year reserves by $425 million

This amount is equal to 4.5% of net loss reserves on September 30, 2023, the company said.

Lombard rebrands as Axcelus Financial

The new name and full rebrand follows last November’s acquisition of the company by an affiliate of BroadRiver Asset Management LP

TISE sets new records during 25th anniversary year

The year was also a major milestone in the development of the business with the launch and onboarding of the first client for TISE Private Markets.

Carrick Re in LPT transaction

Carrick Group said Carrick UK Services will assume the UK branch’s staff and operations as part of the transaction.

New Isle of Man insurance companies urged to take part in Valentine’s Day contest

The Zurich Innovation Championship is run by the Zurich Insurance Group, and is being promoted locally by Zurich in the Isle of Man.

HSBC formally re-opens King Street branch following extensive refurbishment

As part of the refurbishment, the branch facilities have received a significant upgrade providing an improved customer-friendly layout

Carrick enters into LPT with Brazilian reinsurer

Carrick UK Services will assume the UK Branch’s staff and operations as part of the transaction.

Brookfield Re gets approval for new HQ

We acknowledge that the building exceeds the currently permitted height and we see that as indicative of the future for Hamilton.

Validus swung to profit before sale to RenRe

Validus Specialty brought $34 million in nine-month revenues and just under $2 million in profits.

DIFC, Guernsey Finance collaborate to unlock dynamic economic growth

The agreement fosters sustainable finance innovation within the two International Financial Centres

S&P confirms Channel Islands' credit ratings

S&P has also confirmed that there is no change to the long and short-term sovereign credit rating for Jersey, at AA-/A-1+, with the outlook stable.

Melville Douglas shortlisted for Citywealth Magic Circle Awards 2024

This honour comes on the back of another successful year in which the firm has grown global assets under management to over £3.1 billion.

MSE trading report for week ending January 12, 2024

Mixed signals dominate second trading week

Apollo, Athene to partner with PGA Tour star Patrick Cantlay

His relentless pursuit of excellence, commitment to his craft and rigorous approach to the game aligns with our approach to investing.

Bermuda registers lowest number of new re/insurers since 2016

Three Class 3 insurers and two Class 3A insurers were also registered.

S&P upgrades ratings of Essent Group subsidiaries

S&P’s rationale in support of the ratings upgrade includes an improved view of Essent’s capital adequacy resulting from the implementation of S&P’s revised capital adequacy methodology

Insurance results better than expected for 2023

This was attributed to strong technical results, unrealised capital gains and higher investment rates.

AIM and Hedge Funds