Managers of Wealth Offshore

White Mountains posts Q3 profit of $890mn

Results in the third quarter and first nine months of 2022 also included $19 million and $113 million of unrealised investment losses

For Women in Leadership Positions, Only Half the Battle is Won, says An Kelles

In today’s fast-paced global economic landscape, there is immense pressure on women in business to be well-versed in fundamental topics

Future of FTX in The Bahamas in limbo after major rival agrees to acquisition

Our teams are working on clearing out the withdrawal backlog as is. This will clear out liquidity crunches; all assets will be covered.

AML Foods sees net profits drop by $7.1 million

Consumer spending habits normalise following pandemic peak

MOU signed for the construction of up to 1,000 green homes

Partanna, co-founded by former NBA star Rick Fox, has already invested $50 million in manufacturing plant

ABIR heads to Santiago for global insurance meetings

GFIA represents nearly 90% of the global re/insurance market.

Monument Re subsidiaries complete acquisitions

The Zill Singapore branch portfolio and employees have transferred into the Singapore branch of Milac following receipt of court and regulatory approvals in the Isle of Man and Singapore.

Five years of the Jersey Private Fund (JPF) : at the sweet spot for the private markets

With all this in mind, suitable structures that can enable private investors to play a part in promoting a growth agenda and meeting the demands of economic and social regeneration will be increasingly sought after.

Argo Group: Q3 Earnings Snapshot

Argo Group shares have dropped 58% since the beginning of the year. In the final minutes of trading on Monday, shares hit $24.47, a fall of 59% in the last 12 months.

IWIRC Channel Islands Network launched

Sarah and Helena commented: "Having attended IWIRC events in other jurisdictions, we have seen the benefits of its work in connecting women working in insolvency and restructuring, and the hallmark of quality that IWIRC represents.

Grenada records significant revenue from CBI programme

This occurred during the first nine months of 2022

ALBA Bank to set up Representative Office in St Vincent

Gonsalves stated that the percentage of total loans for projects in St. Vincent, whether by the government or other entities, exceeds that of any other country

Jersey’s Information Commissioner to serve on international Global Privacy Assembly

The announcement that Commissioner Vane has accepted the invitation to serve was made at the GPA Annual Meeting 2022

Enstar posts Q3 net loss of $444mn

Enstar said ROE was impacted by $395 million of net unrealised losses arising primarily from interest-rate increases on fixed-maturity portfolios that are classified as trading

ZEDRA confirms acquisition of Curaçao and US based Atlas Fund Services

ZEDRA has an established presence in the fund services industry

SiriusPoint posts Q3 loss of $98mn

SiriusPoint has announced that it is restructuring its underwriting platform and will be making changes to the structure and composition of its international branch network.

Resilience and adaptation: preparing for COP27

COP26 saw the signing of a formal partnership between the IDF and the V20 Group of Ministers of Finance

Enstar declares Q3 loss of $444m

Enstar said ROE was impacted by $395 million of net unrealised losses arising primarily from interest-rate increases on fixed-maturity portfolios that are classified as trading, combined with $151 million of net unrealised losses in Enstar's non-core

IoD Jersey launches their internship scheme

The scheme will now be open to all year 11 students and above in the Island.

HSCM-backed insurtech Kin secures credit facility

The remaining funds will be available to Kin in two tranches as the company reaches certain agreed-upon milestones. Armentum Partners was the financial advisor to Kin for the debt transaction.

AIM and Hedge Funds