News

Guernsey’s new Lieutenant-Governor has paid a visit to the team at Guernsey Finance. Lieutenant General Richard Cripwell CB CBE spent a morning at the offices of the island’s promotional agency, meeting its Chief Executive officer Rupert Pleasant, Chairman Deputy Lyndon Trott and members of the senior leadership team.  During the visit, His Excellency was treated to a presentation outlining the opportunities and challenges that face the industry, as well as hearing of the valuable contribution that the financial services industry makes to Guernsey’s economy and the innovation and expertise that the island provides as an international finance centre.

Guernsey enhanced its Companies Law 25 years ago to create the Protected Cell Company (PCC) – not just a first for the island, but a first in the world. Midshore Consulting Managing Director and Guernsey Finance board member Christopher Jehan discusses how it evolved from a tool for the insurance sector into wider use for the financial services industry. A PCC consists of a core and one or more cells.

Jonny Gamble joined the Guernsey Finance Business Development team in May as its dedicated US Representative, to give the American market a more consistent Guernsey presence. In our latest BD blog, Jonny talks about his first few weeks in the role. The US market represents many opportunities for Guernsey, which is well known as a conduit for global capital flows.

"Endless opportunities" was the upbeat theme of WE ARE GUERNSEY'S 2022 Funds Forum, with two panels exploring how sustainability and technology will help drive the post-pandemic economic recovery globally. It is clear that technology Is transforming the funds space. Here, Cognitive Finance CEO Clara Durodie, who took part in the second panel session discussing the impact of technology on the funds sector, discusses how fund administrators and boards can prepare for the tidal shift it has created.

The Guernsey International Insurance Association (GIIA) introduced its world-leading ESG Framework with an accreditation kitemark in May 2021, created to help its members manage ESG opportunities and risk, and deliver positive ESG impact. Guernsey is a member of the UN's Sustainable Insurance Forum and GIIA is a signatory to the United Nations' Sustainable Insurance Principles. At WE ARE GUERNSEY’s HUB Sessions at Airmic in June, Robus Group Director Adele Gale, who led the development of the Framework as Deputy Chair of GIIA, and Aon Managing Director Paul Sykes discussed the first 12 months with Walkers Partner Kate Storey.