Barclays has appointed Rob Le Page to the role of captive insurance relationship manager in the Isle of Man and has recently promoted two members of the captive insurance team.
Le Page’s new role will involve working with a large portfolio of Isle of Man incorporated captive insurance companies to provide a range of tailored banking products and solutions including, letters of credit, security trust agreements, investments and foreign exchange services.
Barclays has stated that he will be working closely with the Isle of Man Captive Association to facilitate and promote captive business development including the new insurance linked securities (ILS) offering for the Isle of Man.
Le Page has over 15 years of experience in the offshore banking sector and joined Barclays five years ago. He previously worked with multi-national corporate clients and local corporate service providers and most recently with a global portfolio of captive insurance clients.
Colin Freeman, a relationship manager in the captive insurance team, has been promoted to vice president.
Barclays has confirmed that Freeman will be a key part of the “new look” team, working with captive managers in a number of jurisdictions.
Madeleine McCrory has also been promoted, taking on the role of account executive, in the team.
Gareth Rowlands, head of business banking and captive insurance at Barclays in the Isle of Man, said: “We are continuing to see opportunities for growth and efficiency in the captives sector and Barclays is very much a part of that. We are actively seeking ways to share our expertise and highlight what the Isle of Man can offer owners of captive insurance structures.”
“We are pleased to be able to offer our business clients the support and advice of experienced captive insurance specialists like [Le Page]. His appointment will strengthen our captive insurance team and will help us enhance our service to clients.”
He added: “It’s also great to see our employees grow and develop in their roles within the captive insurance team locally with [Le Page, Freeman and McCrory] taking on more senior positions in recognition of their expertise and hard work.”
