On his return from the annual insurance industry
event in Monte Carlo, Les Rendez-Vous de Septembre, Guernsey
Finance Chief Executive Dominic Wheatley ponders Guernsey's
role in the global insurance and, particularly, the reinsurance
market.
Substance in the insurance industry is a subject close to my
heart. After all, it is what brought me from London to Guernsey
nearly 25 years ago. And the Rendez-Vous in Monte Carlo does give
me the opportunity to catch up with some very old friends.
When I first visited the event for Guernsey, I ran into people I
had not seen for 25 years – but I also felt strangely at
home.
Our insurance industry has come a long way since its beginnings
as a captive centre more than 50 years ago. While we remain a major
global player, and Europe's undisputed number one captive
centre, our industry has developed to also cover insurance-linked
securities (ILS), specialist lines, MGAs, collective commercial
risks, and finsure. We have
