10/25/2023
Rate of inflation in Guernsey slows to 7%
The inflation rate peaked in December 2022, at 8.5%, the highest level since 1991.
AIM and Hedge Funds
10/25/2023
Chubb net income jumps 157%
Pricing was up 13.9% in North America and 11.7% in our international business.
10/25/2023
Local and international beneficiaries chosen as carbon offset projects by Cazenove Capital
The programme introduces sustainable timber production while reforesting degraded pastureland with a mix of native tree species and teak.
10/24/2023
Outlook for Everen Specialty downgraded to negative
Everen Specialty reported a net loss of $108 million in 2022.
10/24/2023
Markets tumble in Q3 as FED signals towards ‘higher for longer’ rates
Jesmond Mizzi Financial Advisors’ head of institutional clients Gabriel Mansueto gives an overview of the markets in the third quarter.
10/24/2023
Sagicor rating affirmed following ivari purchase
The ratings of Sagicor Reinsurance Bermuda reflect its balance sheet strength
10/23/2023
AM Best monitoring BF&M and Argus stock battle
AM Best also continues to monitor the status of the pending purchase of a minority stake in BF&M
10/20/2023
Broadlands and CG Commercial announce merger
The merger is effective from 01/01/2024.
10/20/2023
Guernsey International Insurance Management course proves successful
The qualification, which takes six months to complete, is newly certified and has been developed by Sagacious Group
10/20/2023
Apex closes South African deal
Peter Hughes, founder and chief executive officer of the Apex Group, said: “We are pleased to welcome the BCI and BIP businesses and clients to Apex Group in South Africa.
10/20/2023
Brookfield Re looking at UK annuity market, says Reuters
Brookfield invests assets originated by Brookfield Reinsurance in North America as part of the services agreement.
10/19/2023
Alpha Innovations subsidiary links up with Down Range Capital
Down Range will leverage the AIGI team and infrastructure to further institutionalise their offering.
10/19/2023
Insurance shock for EV motorists as premiums rise 150%
Cars being shipped to the UK for repair travel unaccompanied which significantly increases costs further.
10/18/2023
Aspen partners with Ki Insurance
Under this agreement, Aspen will be partnering with Ki across open market classes of business in the property, casualty and specialty divisions.
10/18/2023
Point of sale insurance expected to grow
Insurers may also need to create an entirely new set of alliances with non-financial services partners.
10/17/2023
Howden launches Lloyd’s innovation hub
Insurance innovation expert Tom Hoad will lead the collaborative industry initiative
10/17/2023
Majority of business body members back tax and borrowing plans
The full package involves a broad goods and services tax on most consumption, a cut to income tax on earnings up to £30,000
10/17/2023
Public sector pension fund falls to 89% value
The proposal is one of many in an amendment - nicknamed the Fairer Alternative - to this week’s Funding and Investment Plan.
10/17/2023
Hamilton moves to file for IPO on NYSE
Barclays and Morgan Stanley are acting as Joint Lead Bookrunning Managers for the proposed offering.
10/16/2023
“We can no longer take our economic success, standard of living and quality of life for granted”
The analysis includes encouraging more women into work and incentivising working longer to counter the projected decline in the working age population by 2050.