Banking Opportunities In Captive Insurance

With the insurance market opening up in Guernsey, Nigel Winkett (NW) and Dave Bartram (DB) of Barclays tell Becky Butcher of Captive Insurance Times that they expect the demand for bank accounts to continue to increase over the coming months.

What trends are you seeing from the banking side of the captive insurance industry?

DB: With captive figures remaining static in Guernsey, we are not seeing clients open new banks accounts. Instead, we are seeing more letters of credit and further investment. However, with markets such as insurance-linked securities, pension longevity schemes, and the recent agreement between Guernsey and China, there will be new bank accounts needed. We have seen an increase in the number of bank accounts opened over the last 18 months and we are hoping to see those figures continue.