Reinsurance News
Guernsey Finance
Role of re/insurance when facing nat cats is clear despite concerns of uninsurable risks: Guernsey Finance
26th September 2024
With the increase of extreme natural catastrophes, the importance of re/insurance in providing creative risk management solutions for climate-related disasters has become clear despite concerns that some of these risks can be uninsurable, Rupert Pleasant, Chief Executive, Guernsey Finance, highlights. “It’s no secret that natural catastrophes have become more frequent and ... Read the full article
Guernsey Finance appoints Business Development Representative for the Insurance Sector
18th November 2022
Guernsey Finance has appointed William Lewis Business Development Representative for the Insurance Sector. According to the announcement, this is the first time a sector-specific Business Development Representative has been appointed, with objectives directed by both Guernsey Finance and the Guernsey International Insurance Association (GIIA). The firm has said that this new appointment ... Read the full article
Guernsey simplifies application process for MGAs
17th June 2020
Guernsey’s insurance industry has been working with the Guernsey Financial Services Commission (GFSC) to make the island an attractive location for Managing General Agents (MGAs). Guernsey Finance says it has developed a close working relationship with the UK’s MGA Association over the past 18 months and, together with industry group the ... Read the full article
Guernsey Finance appoints Rupert Pleasant as CEO
5th March 2020
Guernsey Finance has announced the appointment of Rupert Pleasant as its next Chief Executive Officer. Pleasant replaces the outgoing Dominic Wheatley and joins from Beauvoir Group, where he was acting group managing director. Wheatley, whose scheduled departure was announced in December, is due to leave the role in June. He brings over 30 ... Read the full article
CEO Dominic Wheatley to depart Guernsey Finance
10th December 2019
The Board of Guernsey Finance has announced that its Chief Executive Officer (CEO), Dominic Wheatley, is set to depart next year after more than five years in the role. Guernsey Finance, which acts as a promotional agency for the island’s financial industry, reported that Wheatley will leave on 30 June 2020. The ... Read the full article
Guernsey reports uptick in new captive inquiries
24th September 2019
Guernsey has reported a large rise in captive insurance inquiries over the second half of 2019, following a notable dip in numbers last year. Industry figures said that the level of significant inquiries received over the summer easily surpassed recent years. Guernsey is responsible for more than a third of the European ... Read the full article
Solvency II confusion has constrained Guernsey reinsurance, experts argue
19th July 2019
Representatives from Guernsey Finance, the promotional agency for the island’s finance industry, have argued that common misunderstandings about Solvency II regulations have constrained the development of the reinsurance sector in the island. Speaking at Guernsey Finance’s ILS Insight event in Zurich, experts clarified that Guernsey reinsurance is still available to EU-domiciled ... Read the full article
Guernsey meeting international regulation standards, finds IAIS report
1st July 2019
Regulation of Guernsey’s insurance industry is meeting current international standards, according to a report published by the International Association of Insurance Supervisors (IAIS). The report states that Guernsey has “a high level of observance of current international standards." An official statement from Guernsey Finance, the promotional agency for the island’s finance industry, ... Read the full article
Guernsey targeting MGA growth
10th April 2019
Guernsey Finance, the promotional agency for the island’s finance industry, has expressed confidence in its plans to develop the managing general agents sector following a visit from the Managing General Agents’ Association (MGAA). MGAA’s Managing Director Peter Staddon and its founder David Coupe spent a day on the island and met ... Read the full article
Substance debate will strengthen captive insurance market: Analysts
31st October 2018
The Base Erosion and Profit Shifting (BEPS) debate regarding substance in business activities will act as a “wake up call” for the captive insurance market, but will ultimately strengthen the sector, according to industry analysts. Speaking at the Guernsey Insurance Forum in London, Paul Owens, Managing Director of the Global Captive ... Read the full article
Guernsey Finance appoints Andy Sloan as Deputy Chief Exec, Strategy
1st August 2018
Guernsey Finance has appointed Dr. Andy Sloan as Deputy Chief Executive, Strategy as part of its decision to take a broader role in the development of the island’s financial services sector. Sloan has been Acting Director of Strategy on part-time secondment from the Guernsey Financial Services Commission for the past nine ... Read the full article
Guernsey’s alternative capital sector builds on 2017 performance
29th June 2018
Guernsey has seen a positive start to the year in the insurance-linked securities (ILS) market, building on the solid growth it experienced in 2017, according to Guernsey Finance, the promotional agency for the island’s financial services sector. Statistics for new cells of protected cell companies (PCCs), the main method of writing ... Read the full article
Guernsey capital market sector looks to partner with London
1st June 2018
Guernsey’s insurance-linked securities (ILS) sector has revealed that it aims to work closely with the developing market in London following the introduction of an ILS regime there in 2017. During a roadshow earlier this year, Guernsey practitioners learned that ILS business in London has been slow to take off, indicating that ... Read the full article
Guernsey Finance looks to strengthen London ties with representative appointment
16th April 2018
Guernsey Finance has announced the appointment of its new London Representative, naming Adrian Norman as its newest team member, based in London. The island's promotional agency announces the appointment of Norman as it continues to deepen its presence in London, stating that it expects connections with the city to expand further ... Read the full article
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