Managers of Wealth Offshore

2023 Isle of Man Director of the Year awards launched

The awards are free to enter and are open to any directors based in the Island, even if they are not currently linked to the Institute of Directors (IoD) in any way.

Mastercard collaborates with Maldives Transport and Bank of Maldives to enable digital payments acceptance on the country’s public transport network

The new technology, powered by Mastercard Payment Gateway Services (MPGS), will enable seamless credit card and debit card payments across Maldives’ public transport network, including buses and ferries.

Credit ratings for Citadel Re withdrawn

Best said the AMIC ratings reflect its very weak balance sheet strength

White Mountains posts Q1 profit, unveils Outrigger Re

Ark's combined ratio was 94% in the first quarter of 2023 compared to 100% in the first quarter of 2022.

Assured Guaranty Q1 profit up, revenue down

The insurance segment adjusted operating income was $117 million, gross written premiums were $86 million, and the present value of new business production was $112 million for first quarter 2023.

White Mountains Q1 income climbs

The company said results in the first quarter of 2023 and 2022 were driven primarily by $85 million and $19 million of net realised and unrealised investment gains from White Mountains's investment in MediaAlpha.

Brookfield Renewable posts $32m loss

That compares with a net loss of $78 million in the prior year period.

Mortgage reinsurer’s profit cut by 37%

New insurance written was $12.9 billion, compared to $13 billion in the fourth quarter of 2022 and $12.8 billion in the first quarter of 2022.

Argo posts heavy Q1 loss ahead of new era

The company’s gross written premiums fell by 17.2% to $596.7 million, which it said was due to businesses the company has exited or sold.

Orchard blossoms with national award recognition

“We always relish the opportunity to place Guernsey firmly on the PR map globally, and demonstrate the capacity there is on the island to do award-winning work for our clients.”

SiriusPoint delivers first quarterly profit since 2021

The company had net investment income of $62 million and a total investment result of $74 million.

BEDC and Global Atlantic Re partner to support small businesses

The BEDC has supported the growth and development of small businesses in Bermuda for 43 years, helping to launch countless successful businesses and providing training, mentorship and networking opportunities to entrepreneurs.

Maillard & Co acquires Assured Property Management

Assured Property Management’s portfolio and team will add to Maillard & Co’s team of property professionals, with property management, surveying, residential and commercial property specialists all under one roof.

James River posts Q1 profit of $7m

E&S segment renewal rates increased 8.9 per cent, with all underwriting divisions reporting positive pricing increases.

Fortitude Re and Lincoln Financial in $28bn deal

Fortitude Re describes itself as Bermuda’s largest multiline insurer and is backed by the Carlyle Group and T&D Insurance Group.

RenRe enjoys robust Q1 despite GWP shrinking

The GWP on the casualty side shrank even more – by 7.1%

Strong first-quarter start for Everest Re

The combined ratio was 90.8 per cent for reinsurance and 92.4 per cent for insurance driven by improved pricing and lower catastrophe losses year-over-year.

Excellent credit ratings for Aspida Life Re

Aspida Re currently maintains the strongest level of risk-adjusted capitalisation

Foundation launched to promote economic growth

Global Atlantic Financial Group is an insurance company meeting the retirement and life insurance needs of individuals and institutions.

First Central awarded UK’s ‘Best Workplaces’ recognition

Michael Lee, Group Chief Executive Officer, said: “I’m proud to see that we’ve been recognised in the UK’s Best Workplaces."

AIM and Hedge Funds