Guernsey Finance will underline Guernsey’s role as an innovative and adaptable partner for risk capital whilst it remains an unerringly stable part of the global insurance industry, during its annual Champagne Reception in Monte Carlo on Tuesday 9 September.
As a core event in the Les Rendez-Vous de Septembre (RVS) calendar, delegates will highlight the island’s unique combination of regulatory agility, deep specialist expertise and proven innovation, to help insurers and reinsurers respond to complex, fast-changing challenges.
RVS is the key networking forum for reinsurance and insurance professionals where market sentiment and strategy is shaped ahead of the January renewals season.
A welcome address will be delivered by Paul Sykes, Chair of Guernsey Finance and Managing Director of Aon Guernsey, Europe’s leading re-insurance management company. Paul will be followed by Paul Brand, the CEO of Convex Group, who will present the keynote speech; with nearly 40 years of experience in the insurance industry he will discuss the latest trends in the sector and how these are impacting global insurance markets.
Paul Sykes said: ‘The global risk landscape is becoming more complex and interconnected, from climate shocks to geopolitical tensions and the tightening of capital markets. During this event, we’re able to demonstrate how Guernsey has supported the development of far-sighted solutions for the emerging global risk landscape, bringing risk and capital together whilst breaking new ground in humanitarian and sustainable risk finance. I will also highlight Guernsey’s contribution to Europe’s insurance industry in light of the UK’s proposals to develop a regime for captive insurers, this following not long after the UK also adopted the concept of Protected Cell Companies (PCCs), which were invented in Guernsey.’
Rupert Pleasant, Chief Executive of Guernsey Finance, added: ‘Les Rendez-Vous de Septembre is where the reinsurance industry sets its tone for the year ahead, and it’s vital that Guernsey is part of that conversation. Our Champagne Reception is more than a networking event – it’s a chance for the global market to engage directly with the people who make Guernsey a hub of insurance innovation and stability.’
The Guernsey Champagne Reception will take place at the Hôtel Hermitage Monte-Carlo.
For more information, please visit guernseyfinance.com.
NOTES TO EDITORS
Insurance media are invited to attend the Champagne Reception. Please contact chloe@black-vanilla.co.uk if you would like to set up an interview.
Paul Sykes is Chairman of Guernsey Finance and the Managing Director responsible for Aon Insurance Managers in Guernsey – Europe’s leading (re)insurance management company – which also includes the White Rock PCC and ICC companies. He has been instrumental in the development of Guernsey’s insurance industry spanning captive solutions, Insurance Linked Securities and Guernsey’s emerging reinsurance sector. He originally trained with Royal Insurance (RSA), before setting up Aon’s operations in Malta and Gibraltar. Paul has chaired most of the insurance trade association and professional bodies in Guernsey and is the immediate past Chairman of the Guernsey International Business Association (GIBA). He holds a master’s degree in Corporate Governance, is a Chartered Insurer and a Fellow of the Chartered Insurance Institute. Most recently he also became a Chartered Director with the Institute of Directors.
Paul Brand is the CEO of Convex Group and has more than 35 years of insurance industry experience, including 31 years at Catlin and XL Catlin. He joined Catlin in 1987 becoming chief underwriting officer between 2003 and 2015. Following the merger between XL Group and Catlin, Brand became chief underwriting officer of the insurance division of XL Group between 2015 and 2017. He was also chairman of Accelerate, XL Catlin’s in-house innovation team between 2016 and 2018. Brand founded Convex with Stephen Catlin in 2019, with $1.7bn of initial committed capital to underwrite insurance and reinsurance for complex specialty risks.
