Guernsey's insurance-linked securities sector believes that
it can work closely with the developing market in London following
the introduction of an ILS regime there in 2017.
ILS business in London has been slow taking off to date,
Guernsey practitioners heard on a roadshow earlier this year, which
took in visits to lawyers and industry representatives in both
London and Zurich.
Peter Child, managing director of Artex Risk
Solutions in Guernsey and chairman of the Guernsey
International Insurance Association's Market Development
Committee, was part of the roadshow.
He said: "We gained the view from those that we spoke to is
that London could be seen as complementary to Guernsey's ILS
sector. While there is demonstrable political will to see the
London ILS offering thrive, maintaining its insurance sector's
reputation as a full-service centre capable of delivering a full
range of insurance and reinsurance services, it is clear that the
ILS sector is developing
