#InsurConnect Gibraltar 2024

I thoroughly enjoyed delivering the keynote speech to launch yesterday's #InsurConnect Gibraltar conference and, after my panel session along with the esteemed moderator Mike Ashton, Clive Dodds, Mike Ellis and Angelique Linares, to be able to sit back, relax (with truly wonderful vegan cake!), celebrate and learn from so many success stories, all showcasing why Gibraltar is an ideal jurisdiction for insurance businesses. Praises were sung of our nimble approach to a constantly evolving industry, its speed to market and the accessibility to the GFSC, and rightly so.

The highly anticipated announcement by Minister Feetham on the Dual Insurance Captive Regime was much welcomed, and a session from the GFSC later during the day providing further insight into the proposed regime. The Dual Captive Regime will reduce the Solvency II requirements and will be modelled more on the Solvency I regime. It is designed to attract financially stable captives that have a “strong, safe and simple” business plan that write first-party risks. The regime however, is not expected to fall within the passporting arrangements with the UK.

The GFSC’s explanation on what they expect to see in respect of the dual captive regime was extremely helpful and so was the staged approach to authorisation applications that was launched at the beginning of this month.

The panellist discussions were insightful and enjoyable, providing lively Q&A sessions throughout the day, thank you to you all and many thanks to Denise Matthews of Startup Grind for organising such a successful event and last, but never least, to Kathryn Morgan for being an excellent Mistress of Ceremony.

My presentation can now be seen here for those keen on learning more.

Until next time!