Managers of Wealth Offshore

Hurricane Ian bill for Bermuda reinsurers estimated at $13bn

Including losses covered by this sector in the data would result in even larger estimates of incurred gross losses and claims paid, it said.

Investment Funds: Why Choose Guernsey

As the leading legal adviser to Guernsey's investment funds sector by both number of funds advised and by assets.

Hamilton Reserve Bank Dubai Branch Welcomes Saint Kitts and Nevis Prime Minister As the Only Middle East Banking Presence from the Federation

Hamilton Reserve Bank now accepts UAE Dirham AED as a new customer deposit currency in addition to USD, EURO

Securis expands Life ILS offering

The strategy offers investors an opportunity to diversify sources of return within the ILS market

BF&M posts 9M net loss of $13.4m

Equity attributable to shareholders at 30 September 2022 was $294.0 million.

Maldives economy to recover despite global economic slowdown: MMA

The country's Gross Domestic Product (GDP) is expected to increase by 7.6 percent in 2023 which is higher than the average pre-pandemic economic growth rate.

Counterpart offers E&O cover for small businesses

Matt Price, head of FinPro Program Operations at Aspen, said: “Because MPL is designed to safeguard a variety of business types, the risks can vary dramatically from policy to policy.

Davis administration looking to match $6 billion investments approved in second year

“We want to match that in our second year in office,” Cooper said.

Upbeat credit ratings affirmed for IGI Holdings

The outlook of these credit ratings is stable.

Jersey Sets Out its ESG Stall

Elliot Refson, Head of Funds, was recently interviewed by Private Funds CFO.

Mosaic continues global expansion with launch of Frankfurt office

Mosaic plans to further expand its presence in Frankfurt over the next 12 months with additional senior hires.

Year-on-year premium growth averaged 13% at 9M 2022: Gallagher Re report

Higher risk-free interest rates and retained profits supported an increase in average European solvency to 228% (FY 2021:226%)

AM Best maintains stable rating on global reinsurance

“This has been compounded by financial, economic, social, and geopolitical uncertainty in general,” the report said.

Fidelis Insurance creates new MGU

The privately owned Bermudian-based holding company said approvals or non-objections had been received from the Bermuda Monetary Authority as well as the FCA and PRA in the UK, CBI in Ireland, and FSMA in Belgium.

BOV Asset Management named official representative of Fidelity International in Malta

Speaking about the commercial partnership with Fidelity International, Mr Farrugia said that this will enable the Bank and appointed intermediaries of BOV Asset Management to provide customers with a broader range of investment products.

IoD Jersey Director of the Year Awards winners announced

Chair Award – Lisa Springate (Head of Legal and Technical, Jersey Finance)

Superintendents’ captive insurer has credit ratings affirmed

AM Best has also affirmed Transmonde’s long-term issuer credit rating of “a” and said the outlook of the ratings is stable.

Global Custodian hands out Industry Leaders Awards

Innovation in ESG Reporting – Alter Domus

Rising reinsurance rates loom for January renewals

The rating agency therefore forecasts broadly stable underlying profitability for the global reinsurance sector in 2023

Insurer registrations keeping pace with 2021, says BMA

Of the 12 insurance applications, seven were approved by Insurance Assessment and Licensing Committee and five were deferred.

AIM and Hedge Funds