Managers of Wealth Offshore

‘Record overnight drop’ in choice of mortgage products

The fall was around double the previous record seen during the first coronavirus lockdown, Moneyfacts said.

Aztec Group launches streamlined onboarding solution for clients and investors

Aztec Verify uses best-in-class technology to minimise the administrative burden, reducing manual processes and enabling us to streamline the entire process.

CCRI and Mott MacDonald incentivise climate investors

Climate Policy Initiative (CPI) data that show total spending on climate finance during 2019-2020 reached $632 billion, with mitigation finance accounting for $571 billion compared to just $46 billion on adaptation and resilience.

Ascot launches MPL unit

MPL will be offered as a standalone product on a primary and excess basis, and on a blended basis alongside Cyber Liability, Media Liability and Technology E&O offerings.

New Partner at Gaudin and Co.

Nick Jewell has acquired Mrs Power’s shareholding and joined the business after a career with local Government, latterly as Head of Governance and Resource Management for Children, Young People, Education and Skills.

AM Best affirms Ascot Bermuda’s FSR

Additionally, Ascot receives rating enhancement from its parent, CPP Investments, which is considered to be of superior financial strength and supportive of Ascot’s strategy.

White Mountains joins funding of Pie Insurance

This round of financing is monumental in more ways than one,” said John Swigart, co-founder and chief executive officer of Pie.

GFSC publishes Q2 investment statistics

Within the totals for Guernsey funds, Guernsey Green Funds held a total net asset value of £5.3bn at the end of the quarter.

AM Best upgrades Ardellis Insurance’s FSR

These ratings reflect Ardellis’ balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM).

White Mountains proceeds with tender offer

The number of shares expected to be purchased in the tender offer and the purchase price are preliminary and subject to change.

PraxisIFM becomes Praxis in 50th anniversary rebrand

The new corporate identity comes at an opportune time for the business as it refocuses its private wealth and corporate services offering and celebrates its 50th anniversary.

Sancus Lending Group releases H1 results

The next step of our plan is to address and secure our long-term financing strategy, and our zero dividend preference shares (ZDPs) remain an integral part of this.

2022 IoD Jersey Director of the Year awards shortlist announced

The judging panel are privileged to have been able to read through and consider the tremendous variety and talent evidenced in the nominations.

Bermuda investors to buy Zug private equity firm

GP Investments was founded in 1993. Its Zug division, GP Swiss, made the offer for Spice Private Equity.

Top Mortgage Employer award won by Skipton International

Mortgage Introducer then confidentially surveyed a number of Skipton’s employees to gauge their own feedback.

Everest Insurance expands into personal accident & health

Everest said its expanded accident and health offerings complement its existing broad portfolio of property, casualty, and specialty coverage.

SiriusPoint and Insurate announce partnership

SiriusPoint will provide capacity and collaborate with Insurate in underwriting and developing insurance products in the workers’ compensation medium to high-hazard space.

Minimum wage disparity grows

This compares to Jersey's current minimum wage of £9.22, which was going to increase to £10 in October, but will instead go up to £10.50 in November.

Jersey grows and diversifies proposition for US asset management market

Now, Jersey is diversifying its proposition in the US market, with growing interest being shown in its capabilities in the structured finance space.

AM Best affirms Greenlight Capital Re’s credit rating

The outlook of these ratings is stable.

AIM and Hedge Funds