Guernsey's leading position in the Insurance Linked
Securities (ILS) arena has been reinforced at this year's Trading
It comes after two of the jurisdiction's reinsurance
companies, Kelvin Re and Secquaero ICC, were named winners in their
respective categories at the London awards. Held annually, the
Trading Risk Awards recognise the very best in the reinsurance
Kelvin Re won the initiative of the year award, while Secquaero
ICC won the investor of the year category for Schroders
Aon Managing Director Paul Sykes said: "We are delighted
for both Schroder's Secquaero and Kelvin Re. The awards are
deserved recognition for their innovation, professionalism and
commitment to the global insurance industry and reflect well on
Guernsey as their preferred jurisdiction. We wish them continued
success in the future."
The winner of the initiative of the year award had to be a
corporation or a team whose specific innovation had made an
outstanding contribution to improving the way that reinsurance risk
was transferred in the past year. Kelvin Re received the award with
the judges commending the structure as a 'game changer' in
terms of allowing ILS fund managers to deploy capital across all
forms of reinsurance product.
In the investor of the year category, judges were looking for
candidates that had made an outstanding contribution to the
development of the ILS investor community in the previous year. The
judges felt that 2014 had been transformational for Secquaero and
that the company had now been fully integrated into the Schroders
network with its core ILS funds hitting their targets throughout
Guernsey Finance Chief Executive Dominic Wheatley said: "We
are very proud of our international insurance expertise and the
success enjoyed at the Trading Risk Awards only goes to reinforce
the fact that as an island we have a particularly strong reputation
for client service and innovation. Guernsey is a developing hub for
reinsurance companies and an attractive destination for entering
into global insurance and reinsurance markets."
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