The Manx Insurance Managers' Association plans to hold another international captives conference following the success of its recent London event that attracted over 110 industry professionals.
Headline speakers helped to put the economic crisis in context and captive professionals set out the potential opportunities in the captive market. Derek Patience, Chairman of the Manx Insurance Manager's Association, said: 'Holding the conference in London, with the kind assistance of Barclays Wealth, has meant that we could attract a wider audience and really broaden the delegate list. The UK is a very important business partner of the Isle of Man which is reflected in the fact that over 50 per cent of the captives domiciled in the Isle of Man are owned by UK companies.'
Raising the Island's profile
The purpose of the London conference was to increase the profile and awareness of the Isle of Man as a captive domicile. Henk Potts, Economist and Equity Analyst of Barclays Wealth, was among those who delivered a positive presentation on the future of global stock markets. 'We are delighted the conference went so well,'
Derek Patience added. 'Feedback from delegates has been exceptionally positive. Some came from as far afield as South Africa to attend. We owe Barclays Wealth a huge vote of thanks for providing such a wonderful venue. 'We are looking forward to holding our next conference in the Isle of Man next year and we are hoping to hold another international conference within the next two years.'
Extending reach
Colin Freeman, Barclays Wealth Offshore Financial Markets in the Isle of Man, said: 'It was a highly professional, informative and stimulating conference. Barclays Wealth was proud to make its conference facilities available, which assisted in attracting a wider audience for the event.'
Barclays Wealth has a dedicated team based in the Isle of Man which supports captive insurance clients worldwide with their banking needs and the team are closely involved with the managers of this industry. Barclays hosted a dinner for conference organisers and speakers in the executive suite on the top floor of their Canary Wharf building that enjoys spectacular views of the City of London.
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