Brilliant Reinsurance (Guernsey) Limited has become
Guernsey's first Chinese insurance company.
The company's formation is further evidence of the growing
ties between Guernsey's insurance industry and China's
business sector as it follows in the footsteps of the signing of
four insurance-related Memoranda of Understanding (MoU) between the
jurisdictions over the past 18 months.
Managed and established by Alternative Risk Management (ARM),
Brilliant Reinsurance will focus on business being retroceded from
the Lloyd's of London market. The company's directors are
Dr Yu-Tsung Chien and Malcolm Cutts-Watson.
Brendan Reeves, Client Service Director at ARM, said the high
regard in which Guernsey's insurance sector is held
internationally played an important part in the vehicle's
creation.
