08/22/2022
Enstar prepares to exit catastrophe business
The agreement will eliminate Enstar's direct exposure to catastrophe business, resulting in an approximate $62 million increase in Enstar's book value.
AIM and Hedge Funds
08/19/2022
Rebranded MFS Capital closing in on two acquisitions
We currently have a pipeline of targeted acquisitions that we believe will result in attractive and sustainable long-term growth for the company and for shareholder value
08/19/2022
IGI posts solid results as CEO flags attractive rate increases
We continue to see attractive rate increases and favorable market conditions across a number of business lines and territories providing excellent opportunities to further grow our portfolio.
08/19/2022
Jersey publishes house prices report for Q2 2022
The mean price of all other property types increased compared with the previous quarter.
08/19/2022
IoD Guernsey Convention to navigate ‘new order’ of geopolitical risk
As a respected expert on international relations, Dr Piccoli is often invited to appear on major TV networks and is frequently quoted in the Financial Times, Bloomberg, and Reuters.
08/18/2022
Q2 profit for Bermuda ship-owning company
The company reported the sale and delivery of two 2004-built very large crude carriers and a 2003-built feeder container ship in the quarter, generating approximately $13.2 million in book gain.
08/17/2022
Bank of The Bahamas records $8.1 million net income increase
According to Braithwaite, this increase was primarily due to the increase in the bank’s total operating income of $5 million
08/17/2022
BF&M unveils timing of succession plan
Group CEO John Wight, who has been president and CEO of BF&M since 2005, will retire on August 31 of this year.
08/16/2022
Captives conference to focus on ESG
The panel discussion will address the possibility of captives covering uninsured risk in the ESG space and how parent company ESG initiatives could affect captive structures and operations, as well as Bermuda's responsibility in the ESG framework.
08/16/2022
‘Exceptional’ Tahj Cox and Brianna Smith awarded scholarships
Two Bermudian students have been awarded a combined $55,000 in educational funds as part of Butterfield Bank’s annual scholarship programme.
08/15/2022
Apex Group acquires US Real Estate services firm SandsPoint Capital Advisors
This strategic acquisition serves to further strengthen Apex Group’s offering for clients in the North American market and enhances its ability to offer a comprehensive and high-quality service to all client segments delivered by over 850 employees
08/15/2022
Compre acquires med mal book in first deal since Bermuda move
The portfolio transfer includes the entire hospital liability book of Baloise unit Basler Sachversicherungs in Germany with provisions of around €200 million.
08/12/2022
Savills’ first half of 2022 shows strong performance
The results show a strong performance, which is comfortable ahead of pre-Covid levels
08/12/2022
AM Best affirms Rembrandt’s financial strength rating
AM Best expects Rembrandt’s risk-adjusted capitalisation to remain comfortably at the strongest level
08/11/2022
More Guernsey properties sold, faster sales and at higher prices
The average time between a local market property becoming available for purchase and its subsequent sale has been decreasing since the second quarter of 2018.
08/11/2022
US Update - Jonny Gamble, August 2022
The US market represents many opportunities for Guernsey
08/11/2022
Bermuda shows challenges of M&A, says Fitch
M&A transactions in the global reinsurance sector will be limited into 2023 amid investor concerns over macroeconomic risks and heightened catastrophe losses linked to climate change, he said.
08/11/2022
Maiden posts Q2 net profit of $25.8m
The company no longer presents certain non-GAAP measures such as combined ratio in its news release or its quarterly reports
08/10/2022
Enstar rocked by investments and interest rates
Enstar said that the market dislocation had resulted in material unrealised losses in its investment portfolio impacted by the combination of interest rate increases, widening credit spreads and equity market declines.
08/10/2022
Katie Piper OBE to headline Greenhouse 2022, Jersey’s small business conference
The Greenhouse attendees will hear from Katie about building this charity and the work it does.