Guernsey's global leadership in captive insurance is has been recognised again with the island and three individuals, plus a number of firms with strong Guernsey connections, shortlisted for the 2019 European & UK Captive Review Awards.
The awards, hosted by insurance publication Captive Review, recognise excellence in the delivery and management of captive insurance over the past year.
Guernsey was named best non-EU Domicile in both 2017 and 2018. Following a change of categories, the island is seeking to triumph in the new Domicile of the Year section.
The island was also European Captive Domicile of the Year at the UK Captive Services Awards from 2013-2016 as well as the best Non-Asian domicile at the 2018 Asia Captive Review Awards, which it has once again been nominated for in 2019.
Guernsey Finance Chief Executive Dominic Wheatley was pleased but not surprised to see the global financial centre recognised for its captive expertise.
"Nowhere matches Guernsey's unique combination of expertise, experience, market proximity, and regulatory environment as a home for your captive," he said. "The market is more and more appreciative of our whitelisted status as a jurisdiction of substance, our proportionate regulatory standards and our market expertise, meaning the captive sector is going from strength to strength."
Three practitioners from Guernsey's finance industry have also been named as finalists.
Walkers Partner Kate Storey is one of six shortlisted for the Captive Service Professional of the Year category, and is the only lawyer nominated in her section.
"I am very pleased to have been included in the final shortlist for this prestigious award," she said. "Our insurance practice in Guernsey is going from strength to strength and is complemented by Walkers' global reach."
Aon Insurance Manager Alex Symons and Willis Towers Watson Account Director James Stewart have both been shortlisted in the Emerging Talent – Service Provider category.
Mr Symons, who start his career with Aon nine years ago, said: "I'm thrilled to have been nominated for this award, let alone shortlisted. It's been an exciting journey so far working with amazing people at the forefront of the European captive and ILS management market."
Mr Stewart said: "I believe that my nomination is testament to Willis Towers Watson's truly holistic approach to insurance management and our ethos of client engagement, as well as the Guernsey operation's commitment to ongoing professional and personal development and our collaborative, knowledge-sharing, team-based approach.
"I work in a fantastic industry, with some great clients who continually offer us interesting and challenging opportunities to learn, develop and grow."
Guernsey is the number one captive domicile in Europe and in the top five worldwide.
The awards ceremony takes place at the Banking Hall, London, on Wednesday 23 October.
For more information about Guernsey's finance industry please visit www.weareguernsey.com.
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