LONDON Chief Minister and Minister of Finance. The...
1
LONDON Gibraltar - European Centre for Insurance and Reinsurance Wednesday, 17 June 2009 08:45 – 09:15 Delegate registration & refreshments 09:15 – 09:35 Opening and welcome remarks / overview of Gibraltar Speaker: James Tipping, Finance Centre Director, Government of Gibraltar 09:35 – 09:55 Regulation of the insurance sector in Gibraltar Speaker: Marcus Killick, CEO, Financial Services Commission 09:55 – 10:15 Gibraltar – domicile of choice for the European passport, PCCs and anticipated future developments for the domicile Speaker: Nigel Feetham, Partner, Hassans 10:15 – 10:35 Gibraltar and the UK motor market Speaker: Catherine Barton, Partner, General Insurance Actuarial Team, Deloitte LLP 10:35 – 10:55 Morning break & refreshments 10:55 – 11:15 Insurance entrepreneurs and high-net-worth tax residence Speaker: Albert Isola, Partner, Isolas 11:15 - 11:35 Capital deployment and driving shareholder value Speaker: Steve Quinn, CEO, Quest Insurance Management (Gibraltar) Ltd 11:35 – 11:55 Offshore to onshore/self-managed to managed; current trends in captive utilisation − Tate & Lyle plc case study Speakers: Richard Storey, Group Insurance & Risk Manager, Tate & Lyle plc / Paul Sykes, Managing Director, Aon Insurance Managers (Gibraltar) Ltd 11:55 – 12:15 Panel discussion and Q&A 12:15 – 14:00 Networking lunch and refreshments James Tipping heads the Finance Centre Department within the Ministry of Finance reporting to the Hon P R Caruana QC, Chief Minister and Minister of Finance. The Department is responsible for advising on all financial services policy, liaising with the private sector in Gibraltar, financial services legislation and co-ordination of communication relating to strategic initiatives involving the IMF, OECD, EU and other financial services matters. The Department also co-ordinates applications for high-net-worth tax residence in Gibraltar by individuals. James, who is Gibraltarian, spent 14 years working in capital markets in London, New York and Brazil before returning to Gibraltar. Marcus Killick is Chief Executive Officer of the Gibraltar Financial Services Commission, Gibraltar’s financial services regulator. From 1998 to 2003 he was a Director of the International Regulatory Services Team of KPMG, based in the UK. He has also previously held positions as Deputy Chief Executive of the Isle of Man Financial Supervision Commission, and Head of Banking, Trusts and Investment Services at the Cayman Islands Monetary Authority. Marcus is an English barrister by training and also a member of the New York State Bar. Nigel Feetham is a partner at Hassans international law firm. One of his key areas of involvement has been in insurance, helping to structure and set up many Gibraltar insurance companies. Nigel helped to draft the relevant legislation that opened the way for the insurance sector to develop in Gibraltar and was also involved in advising the regulator on the practical implementation of the ‘insurance passport’. He recently co-authored a book entitled ‘Protected cell companies: a guide to their implementation and use’ and is described by Chambers Europe in ‘Europe’s Leading Lawyers for Business 2008’, as “a driving force behind the growth of the insurance market in Gibraltar”. Richard Storey, Group Insurance & Risk Manager for Tate & Lyle plc, is responsible for all aspects of insurance, risk financing, and insurance-related risk management activities across T&L's global businesses. In 2006-7, Richard led the transition from the Group's existing self-managed captive in Bermuda to the new Aon-managed captive in Gibraltar and a separate PCC within the Aon Bermuda White Rock company. Prior to joining Tate & Lyle Richard had worked as a Loss Control Engineer at FM Global, and in Corporate Risk Management at the BOC Group industrial gases conglomerate and the RMC Group cement and aggregates conglomerate. Steve Quinn spent eighteen years in the City of London with Lloyds TSB Bank plc in a variety of senior positions. His last role involved him as a Senior Relationship Director for the specialist UK insurance market. He was instrumental in developing the growing market through the assistance that the bank provided by funding the likes of Admiral, Zenith, Link and Hastings, all of which (together with several others) established new insurance companies in Gibraltar. Steve now heads the rapidly-growing Quest Group in Gibraltar that encompasses insurance management, fund administration and insurance broking. Catherine Barton FIA, is a Partner in the General Insurance actuarial team at Deloitte LLP. A qualified actuary who has spent her entire career at Deloitte and its predecessor firm Bacon & Woodrow, she is responsible for leading the team delivering actuarial services to the UK and European retail markets and Deloitte’s actuarial software development team. She is a regular commentator on the UK Motor and Household insurance markets and chairs Deloitte’s market-leading seminars on those markets. Since 2006, the Deloitte Motor Seminar has included analysis on the Gibraltar Motor Market, due to its increasing importance within the UK Motor Market. Albert Isola is a partner at Isolas and was an elected member of the Gibraltar Parliament from 1996 to 2000, opting not to stand for re-election after serving for the four-year term. Albert has worked extensively in commercial matters, and has also worked in financial services, property and financing, representing both private developers and leading financial institutions in major transactions in Gibraltar. Internationally, Albert has worked with teams on satellite telecommunications projects, property acquisition and the franchising of pharmaceutical products. His areas of practice also include corporate and trust structures, and estate planning. Paul Sykes, Managing Director of Aon Insurance Managers (Gibraltar) Limited, joined Aon in 1993 in Guernsey, where he had responsibility for captive insurance companies owned by many of the world’s largest multinationals in various industry sectors. In 2003 he took charge of Aon’s White Rock group of protected cell companies, the world’s leading provider of cell captives. In 2006 Paul moved to Gibraltar to take up his present role as MD of Aon’s operations in Gibraltar and Malta. Based within the EEA, AIM Gibraltar manages captives, PCCs and open-market commercial insurance companies, able to write directly into EU territories or as part of their global programmes. Grange City Hotel, 8-10 Coopers Row London, EC3N 2BQ +44 20 7863 3700
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Transcript of LONDON Chief Minister and Minister of Finance. The...
LONDONGibraltar - European Centre for Insurance and ReinsuranceWednesday, 17 June 2009
08:45 – 09:15 Delegate registration & refreshments
09:15 – 09:35 Opening and welcome remarks / overview of Gibraltar
Speaker: James Tipping, Finance Centre Director, Government of Gibraltar
09:35 – 09:55 Regulation of the insurance sector in Gibraltar
Speaker: Marcus Killick, CEO, Financial Services Commission
09:55 – 10:15 Gibraltar – domicile of choice for the European passport, PCCs and anticipated future developments for the domicile
Speaker: Nigel Feetham, Partner, Hassans
10:15 – 10:35 Gibraltar and the UK motor market
Speaker: Catherine Barton, Partner, General Insurance Actuarial Team, Deloitte LLP
10:35 – 10:55 Morning break & refreshments
10:55 – 11:15 Insurance entrepreneurs and high-net-worth tax residence Speaker: Albert Isola, Partner, Isolas
11:15 - 11:35 Capital deployment and driving shareholder value
Speaker: Steve Quinn, CEO, Quest Insurance Management (Gibraltar) Ltd
11:35 – 11:55 Offshore to onshore/self-managed to managed; current trends in captive utilisation − Tate & Lyle plc case study
Speakers: Richard Storey, Group Insurance & Risk Manager, Tate & Lyle plc / Paul Sykes, Managing Director, Aon Insurance Managers (Gibraltar) Ltd
11:55 – 12:15 Panel discussion and Q&A
12:15 – 14:00 Networking lunch and refreshments
James Tipping heads the Finance Centre Department within the Ministry of Finance reporting to the Hon P R Caruana QC, Chief Minister and Minister of Finance. The Department is responsible for advising on all financial services policy, liaising with the private sector in Gibraltar, financial services legislation and co-ordination of communication relating to strategic initiatives involving the IMF, OECD, EU and other financial services matters. The Department also co-ordinates applications for high-net-worth tax residence in Gibraltar by individuals. James, who is Gibraltarian, spent 14 years working in capital markets in London, New York and Brazil before returning to Gibraltar.
Marcus Killick is Chief Executive Officer of the Gibraltar Financial Services Commission, Gibraltar’s financial services regulator. From 1998 to 2003 he was a Director of the International Regulatory Services Team of KPMG, based in the UK. He has also previously held positions as Deputy Chief Executive of the Isle of Man Financial Supervision Commission, and Head of Banking, Trusts and Investment Services at the Cayman Islands Monetary Authority. Marcus is an English barrister by training and also a member of the New York State Bar.
Nigel Feetham is a partner at Hassans international law firm. One of his key areas of involvement has been in insurance, helping to structure and set up many Gibraltar insurance companies. Nigel helped to draft the relevant legislation that opened the way for the insurance sector to develop in Gibraltar and was also involved in advising the regulator on the practical implementation of the ‘insurance passport’. He recently co-authored a book entitled ‘Protected cell companies: a guide to their implementation and use’ and is described by Chambers Europe in ‘Europe’s Leading Lawyers for Business 2008’, as “a driving force behind the growth of the insurance market in Gibraltar”.
Richard Storey, Group Insurance & Risk Manager for Tate & Lyle plc, is responsible for all aspects of insurance, risk financing, and insurance-related risk management activities across T&L's global businesses. In 2006-7, Richard led the transition from the Group's existing self-managed captive in Bermuda to the new Aon-managed captive in Gibraltar and a separate PCC within the Aon Bermuda White Rock company. Prior to joining Tate & Lyle Richard had worked as a Loss Control Engineer at FM Global, and in Corporate Risk Management at the BOC Group industrial gases conglomerate and the RMC Group cement and aggregates conglomerate.
Steve Quinn spent eighteen years in the City of London with Lloyds TSB Bank plc in a variety of senior positions. His last role involved him as a Senior Relationship Director for the specialist UK insurance market. He was instrumental in developing the growing market through the assistance that the bank provided by funding the likes of Admiral, Zenith, Link and Hastings, all of which (together with several others) established new insurance companies in Gibraltar. Steve now heads the rapidly-growing Quest Group in Gibraltar that encompasses insurance management, fund administration and insurance broking.
Catherine Barton FIA, is a Partner in the General Insurance actuarial team at Deloitte LLP. A qualified actuary who has spent her entire career at Deloitte and its predecessor firm Bacon & Woodrow, she is responsible for leading the team delivering actuarial services to the UK and European retail markets and Deloitte’s actuarial software development team. She is a regular commentator on the UK Motor and Household insurance markets and chairs Deloitte’s market-leading seminars on those markets. Since 2006, the Deloitte Motor Seminar has included analysis on the Gibraltar Motor Market, due to its increasing importance within the UK Motor Market.
Albert Isola is a partner at Isolas and was an elected member of the Gibraltar Parliament from 1996 to 2000, opting not to stand for re-election after serving for the four-year term. Albert has worked extensively in commercial matters, and has also worked in financial services, property and financing, representing both private developers and leading financial institutions in major transactions in Gibraltar. Internationally, Albert has worked with teams on satellite telecommunications projects, property acquisition and the franchising of pharmaceutical products. His areas of practice also include corporate and trust structures, and estate planning.
Paul Sykes, Managing Director of Aon Insurance Managers (Gibraltar) Limited, joined Aon in 1993 in Guernsey, where he had responsibility for captive insurance companies owned by many of the world’s largest multinationals in various industry sectors. In 2003 he took charge of Aon’s White Rock group of protected cell companies, the world’s leading provider of cell captives. In 2006 Paul moved to Gibraltar to take up his present role as MD of Aon’s operations in Gibraltar and Malta. Based within the EEA, AIM Gibraltar manages captives, PCCs and open-market commercial insurance companies, able to write directly into EU territories or as part of their global programmes.
Grange City Hotel, 8-10 Coopers RowLondon, EC3N 2BQ+44 20 7863 3700
