Managers of Wealth Offshore

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.

States back secondary pensions (at the second attempt)

The four deputies who voted against introducing the secondary pension scheme yesterday had also voted to delay debate in May.

PR accolade for Guernsey firm

"We have been working towards this assessment throughout 2022, and the experience has helped us to strengthen our processes and policies," said Nichole Culverwell, Black Vanilla’s Agency Director.

Fitch predicts an at-least 10 percent rise in rates

We expect double-digit percentage premium rate rises for property catastrophe cover in 2023

BDA unveils plans for 2023 risk summit

Bermuda is known as the world’s risk capital, a well-deserved reputation built on a solid track record of innovation, growth, teamwork, and our ability to meet market demands.

Skipton’s UK mortgage lending totals £1 billion

Our mortgage turnaround time from application to decision is exemplary and being a smaller bank means we are able to act nimbly.

Students Debate a Ban on Single Use Plastics at the 13th Conyers Inter-schools Debate Tournament

The final round of the Open debate was judged by the Hon Madam Justice Carter of the Cayman Islands Grand Court

Jamaica urges Trinidad businesses to invest in Caribbean country

The mission will be in Jamaica until Thursday and Hill cited Jamaica’s economic growth rate, as well as a trainable workforce, as major pull factors for investment.

JTC Wins Global Fund Administration Award at New York Ceremony

The award recognises firms that have significantly increased their international presence and are seen to be on a successful growth trajectory.

Bahamas First ‘could not meet increased demand’

Bahamian property and casualty underwriters must acquire huge amounts of reinsurance annually

IQ-EQ Guernsey set to move to island’s first BREEAM rated building

Admiral Park is Guernsey’s premier location for large offices, with a number of financial services institutions already in situ.

PartnerRe and Zurich seal longevity swap

The transaction covering pensioner and non-pensioner members insures the majority of the risk that members live longer than expected and is a key milestone towards the trustees' plan to secure all benefits.

IoD to discuss fibre rollout at December breakfast

IoD committee member and digital sub-committee lead James Ede-Golightly will moderate the panel and there will be time for questions from the audience.

Skipton promotes Guernsey on global stage

“We are delighted to have worked with Clive and Digby on this, and look forward to working with them again for our international clientele in the future.”

Insurer sees nearly 15 percent net income rise in Q3

McKeller noted that one of the lasting effects of Covid has been the advancement of the company’s online presence and ability to offer customers more options in that area.

Life sector draws on Bermuda’s unique qualities

BILTIR executive director Martin Laframboise said there were also macro drivers, for example the aging population, that impact the life sector globally and from which Bermuda benefits.

Fidelity cuts profits target by $2-$2.5m

Explaining the $1.8m year-over-year decrease in net income, which was largely driven by a 27.3 percent jump in general and administrative expenses

SiriusPoint drops MGA deal with Mosaic

The deal would have also included SiriusPoint investing in Mosaic, providing underwriting capacity to Mosaic’s syndicated capital programme and access to global licences and infrastructure through a fronting arrangement.

Loans & Secured Financing in The Bahamas

Financial Services Partner, Portia J. Nicholson, in conjunction with Associates, Kamala Richardson, Andre Hill and Dennise Newton authored The Bahamas Chapter for the Loans & Secured Financing Guide published by Lexology GTDT.

AIM and Hedge Funds