Davies has launched a new captive management facility in Guernsey, following regulatory approval from the Guernsey Financial Services Commission. Davies Management Services (Guernsey) will provide full captive management capabilities including feasibility studies, incorporation services, programme structure advice and exit solutions. The Guernsey operation will broaden Davies’ established captive management operations in Bermuda and the US. Commenting on the new office, Nick Frost, president of Davies Captive Management, says: “We are delighted to announce the launch of a new captive management facility in Guernsey, which alongside our existing operations in Bermuda and the US will enable us to further enhance our service proposition to clients around the globe.” “Guernsey is Europe’s leading captive centre with a robust regulatory environment and is benefitting from the rising demand for captives. Deepening and broadening our capability is an essential part of our strategy to remain both relevant and valuable to our clients, and we look forward to being able to offer a deeper range of captive solutions to our clients across our wider business,” he adds. In July 2020, Davies acquired Citadel Management Bermuda Limited and Cedar Consulting. Citadel Risk will become part of Davies’ insurance services practice and is being led by CEO Steven Crabb. Davies also completed the acquisition of Wakely Actuarial, a specialist actuary and consulting business based in Florida, in December last year. The news of Davies’ new office in Guernsey comes in the same week that Strategic Risk Solutions announced its newly established operations in Guernsey. Peter Child has been appointed as the managing director of SRS Guernsey Management.
