Is your compliance compliant? By Dale Cruz, Partner EY As compliance teams struggle to manage the ongoing workload from the Fourth Money Laundering Directive, how do they ensure their systems are up to scratch? External validation can be a great…
UK motor business still driving ahead Insurers in Gibraltar were last year responsible for an estimated record £5.19bn in premiums, almost all being from UK customers and the annual total is expected to rise significantly with the prospect of…
Brexit: An update of the issues By Steve Quinn, Managing Director, Artex Risk Solutions (Gibraltar) Limited The biggest danger following the United Kingdom (UK) and Gibraltar’s departure from the European Union (EU) for any insurance company or intermediary is a…
Newcomers confounding Brexit uncertainty as focus intensifies on solvency compliance Efforts to attract new insurance business are starting to reap dividends with Gibraltar acting as a gateway to the UK, Ray Spencer finds, and the Regulator is focusing on…
Surprise insurance sector growth extends appeal Two life insurance companies, including a large international entity, are planning to begin operations in Gibraltar, projecting this aspect of the insurance business within the jurisdiction from “tiny” to “significant”, it can be revealed…
Insurance Sector Challenges in 2016 By Steve Quinn, Chief Executive Officer, Quest Insurance Management (Gibraltar) Limited When I was given the opportunity to submit an article to Gibraltar International last year I listed several issues as representing…
The insurance industry in Gibraltar has grown rapidly in recent years and is now entering its period of maturing adolescence, where it starts to discover some of the more difficult aspects of life as well as attractive opportunities that exist…
Change, Challenges and Opportunities for the Gibraltar Insurance Industry By Derren Vincent, Executive Director, Willis Management (Gibraltar) Limited As part of the preparatory phase for the new ‘Solvency II’ regulatory regime effective on 1st January 2016, insurers were required to…
Gibraltar’s bid to capture a significant share of the expanding $US 7.5bn a year world market in Insurance Linked Securities (ILS) has been given a real boost, with news that a stock exchange is to be established and the arrival…
Joey Garcia is a financial services Partner at ISOLAS law firm and chairman of the Gibraltar Funds and Investments Association (GFIA) Insurance Linked Securities (ILS) have been proven to be one of the most successful manifestations of the convergence of…