Artex Risk Solutions announced it has entered into a definitive agreement to acquire the cores of Guernsey-domiciled Hexagon Insurance PCC Ltd. and its subsidiaries. All regulatory approvals have been received and the deal is expected to close on March 31, …
A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Kelvin Re Limited (Guernsey). The outlook assigned to both ratings is stable. The ratings reflect Kelvin Re’s strong capitalization, diversified projected …
Willis Group Holdings, the global risk adviser, insurance and reinsurance broker, has appointed Martin Best as the managing director of Willis Management (Guernsey) Ltd. In his new role, Best will report to Paul Owens, chief executive officer of Willis Global …
Willis Group Holdings announced that it has been issued a full commercial lines license to conduct insurance intermediary services in Guernsey under the Insurance Managers and Insurance Intermediaries Bailiwick of Guernsey Law, 2002. Willis noted that it is the “only …
Figures released by the Guernsey Financial Services Commission (GFSC) show that there were 739 international insurance entities licensed by the Island at the end of May 2012, compared to 687 at the end of December 2011. “There have been 63 …
The island of Guernsey’s Chief Minister, Lyndon Trott, met with officials in Washington this week as part of a series of discussions that have been conducted for a number of years. The dialogue between U.S. officials and the island’s representative …
Insurance professionals from the UK and Guernsey were told of the benefits that could result from the Island’s stance on Solvency II. Nearly 100 risk managers, brokers, lawyers, representatives from ratings agencies and insurance trade media journalists attended the Guernsey …
Guernsey has received the green light for its companies to list on the Hong Kong Stock Exchange (HKEx). The Exchange’s Listing Committee has “formally approved Guernsey as an acceptable overseas jurisdiction for the purpose of companies incorporated in the Island …
Guernsey announced that it signed a bilateral Tax Information Exchange Agreement (TIEA) with Indonesia last week. The Chief Minister, Lyndon Trott and the Republic of Indonesia UK Ambassador, His Excellency Yuri O Thamrin, executed the treaty. Guernsey has now signed …
The Deputy Director of Banking, Jeremy Quick, of the Guernsey Financial Services Commission will succeed Diane Colton as Director of Insurance, effective immediately. He is a Fellow of the Institute of Operational Risk, and has published several articles on the …
