The Guernsey International Insurance Association (GIIA) has collaborated with Airmic to stage a one-day conference on the island, scheduled for 25 June. Titled ‘Positioning for the Future’, the event is expected to connect risk managers, captive owners, those considering setting up a captive, brokers, board members, advisers and insurers. Delegates will hear from a line-up of speakers at both plenary sessions and nine breakout sessions. The event’s keynote speaker will be General Sir Richard Shirreff, ex NATO Deputy Supreme Allied Commander Europe. He is a co-founder of Strategia Worldwide, an author of the book War with Russia and an honorary fellow of Oxford University. A plenary session will review case studies from The Hut Group, Landsec and BAT, which all have different captives in Guernsey. The break-out sessions include speeches from the Red Cross, which recently used Guernsey to set up its disaster relief financing vehicle together with Aon, as well as a discussion about the changing global tax environment, moderated by Jenny Coletta, EY tax partner, and Nicky Forshaw, director of Guernsey’s Revenue Service. Zurich and Allianz will join a panel with McGills to explore the future of fronting and reinsurance in the context of captives, whilst PwC, LSEG, Ravenscroft and SRS will moderate a panel about climate change and opportunities for the captive industry. One of the most important elements of insurance, paying claims, will be addressed by Howdens, with participants from Network Rail and ARM. Local law firms and consultants will run a session with case studies looking at the flexibility of Guernsey’s corporate structures for serving captives looking to metamorphosise. Other topics in the event include the practical side of cyber risk, parametric insurance, and professional indemnity and D&O coverage that meets the needs of captive directors. Julia Graham, CEO at Airmic, says: “There is a joint benefit of knowledge, understanding and sharing between Airmic and Guernsey’s insurance industry.” Adele Gale, GIIA chair, states: “Captives are part of the risk management infrastructure that businesses use to meet the challenges and opportunities of tomorrow and we hope the conference will support companies to ensure they are match fit and their captives ready to step up.”
