Guernsey expertise in captive insurance has been recognised internationally, with two practitioners from the island making the Captive Review Power 50 for 2017 and another added to the Captive Review Hall of Fame.
Nick Heys, CEO at Artex International, has spent nearly 40 years in the industry and leads Artex’s international business operations from Guernsey. He rises four places in the 2017 list to number 27.
Also included in the list is Jeremy Quick, Director of Banking and Insurance Policy and Supervision Division at the Guernsey Financial Services Commission, placed at 42.
A regulator for most of his career, he joined the Commission in 2007 and became Director of Insurance in 2011. He is also Chairman of the Group of International Insurance Centre Supervisors.
Another regulator makes the Hall of Fame, launched last year by Captive Review. Steve Butterworth was the island’s first dedicated insurance regulator, working for the Guernsey Financial Services Commission for almost 16 years, and played a key role in the introduction of protected cell companies in the island in 1997.
Nick Heys commented: “These are challenging times for our industry but there is a commitment to innovation here. We have had to move on from our traditional markets, but in doing so, with developments like insurance-linked securities and reinsurance, we are still seeing the industry growing.”