The awards, now in its second year, formed part of the Captive
Live UK 2014 Conference that took place at the end of February and
also saw a number of Guernsey-based firms named as winners in their
respective categories. In addition, Steve Butterworth, a former
Director of Insurance at the Guernsey Financial Services Commission (GFSC),
was recognised for his outstanding contribution to the
Hosted by comedian Andrew Bird, the awards recognised excellence
in the delivery and management of captive insurance and celebrated
those who have excelled in the last year.
Guernsey was named European captive domicile of the year ahead
of other shortlisted jurisdictions: Dublin, Gibraltar, Isle of Man,
Luxembourg and Malta. The award was collected by Sinéad
Leddy (pictured left), Technical Manager at Guernsey Finance - the
promotional agency for the Island's finance industry.
Fiona Le Poidevin, Chief Executive of Guernsey Finance, said the
award was a testament to another successful 12 months for the
Island's captive insurance industry.
"I am delighted that Guernsey has received this award for
the second year in a row. It is recognition of our international
insurance expertise and is a superb way for our captive insurance
sector to begin 2014," she said.
Miss Le Poidevin said: "Guernsey's strong heritage as a
captive insurance domicile is clearly demonstrated through last
year's very strong performance. It means that nearly 200
international insurance entities have been licensed in the Island
during the last 24 months.
"It is also extremely pleasing that so many Guernsey firms
were recognised at the awards, as well as Steve Butterworth, a
former GFSC regulator credited with pioneering Guernsey's
innovative Protected Cell Company legislation in the 1990s. As an
Island we have a particularly strong reputation for client service
and innovation, in our insurance sector and the wider financial
services industry, of which we are very proud."
Review hosted the UK Captive Services Awards 2014 on Monday 24
February at the Law Society, Chancery Lane, London, as part of the
two-day Captive Live UK 2014 Conference.
Guernsey Finance will also be exhibiting at SIFMA's annual
Insurance-and-Risk-Linked Securities Conference in New York on
Tuesday 4 and Wednesday 5 March. Industry practitioners attending
as part of the team are Mark Helyar, Partner at Bedell Cristin and
independent consultant, Mike Poulding. Justin Wallen, Managing
Director of Hexagon Insurance PCC at the Robus Group in Guernsey,
is also attending the event.
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