Guernsey – Where Brokers Can Find A New Revenue Stream

Dominic Wheatley, Chief Executive of Guernsey Finance, explores how producer owned (re)insurance companies from Guernsey offer a new revenue stream for brokers.

I am sure that brokers, like the rest of us, are eager to tap into any possible additional flows of income. Those that are, will be very interested to learn more about a potential new revenue stream for their business offered by producer owned (re)insurance companies.

Conventionally brokers just earn commission for placing client insurance policies with the commercial insurance market. However, the use of a producer or broker owned insurance or reinsurance vehicle can allow brokers to participate in the underwriting profits usually retained solely by the insurer.