The CII awards the title only to those who meet the strict
criteria and research shows that consumers recognise the value of
Chartered accreditation as an indication of merit, capability and
commitment to ethical practice.
Dominic Wheatley, Managing Director of Willis Management in
Guernsey and an individual chartered insurer, said securing the new
status was a landmark moment for the insurance management and
consulting services specialist.
"It's a new form of endorsement and to be the first in
the Channel Islands is a real achievement for us and it is good
news for Guernsey as a whole – it is another milestone in
the development of the jurisdiction as one of the leading global
centres for captive insurance."
Guernsey remains the largest captive insurance domicile in
Europe and number four in the world, with nearly 700 international
insurance entities and business with gross assets of more £23
Willis Management, a captive management operation of global
insurance broker Willis Group Holdings, currently employs around 30
staff at its offices in St Peter Port. Globally, Willis has more
than 400 offices in nearly 120 countries with a global team of
approximately 17,000 employees serving clients from around the
Mr Wheatley said staff in Guernsey had always prided themselves
on being thoroughly professional in everything they did and to
receive external accreditation was very gratifying.
"Chartered status signals our commitment to the highest
levels of service and advice to our customers. It is also a clear
endorsement of Willis' worldwide market-leading ethical
standards, service quality and professionalism," he said.
Part of attaining the status requires a firm to demonstrate that
a high percentage of their staff are chartered title holders,
whether that be in insurance or other disciplines such as
accountancy. At Willis Management, just over 30% of staff hold a
"I'm well aware of the national move of the CII to
re-emphasise the professionalism of the insurance industry and
it's very pleasing to see a group such as Willis achieve that
status in Guernsey," he said.
"I think it's important because research has shown that
consumers recognise chartered status as an indication of merit,
capability and commitment to best practice, which is why the CII is
so keen to promote the chartered status as a mark of
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