March Lunch

Our March speaker is Nigel Brand, Managing Director of Lloyd’s Coverholder Sapphire Underwriters.

Nigel has worked within the Insurance Industry for the last 33 years. His initial grounding was in a technical role, progressing through placing broker for financial lines to claims management. For the last 23 years he has been in a variety of senior positions underwriting: Directors and Officers Liability, Pension Trustee Liability, Professional Indemnity, Financial Institutions (BBB/FIPI/Computer Crime) and Transaction Solutions with leading organisations. In 2004 Nigel established the financial lines underwriting operations in the UK for Allianz Global Corporate & Specialty.

Nigel came to Guernsey in 2013 and set up Sapphire Underwriters as a Lloyd’s backed MGA with its underwriting focus on Professional Financial Risks for Regulated entities in the off shore markets including the Channel Islands, Malta, Gibraltar, Cayman, Isle of Man and Bermuda.

Nigel will try to clarify the identities and various roles of the “players” within the London insurance market; how they interact and the roles and functions that they play and provide within the wider global insurance arena.

Key Points:

Reinsurance brokers; Retail Brokers; Lloyds Brokers and Wholesale brokers – who does what and for who

What actually is an MGA?

Overview of how the Lloyd’s Market operates

Regulation pit falls and hurdles in dealing with the London Market

Discussion Points:

Who is the ultimate risk taker?

The talk will take place at Moore's Hotel Wednesday 15 March at 12.30pm. (£11 for members of the Insurance Institute of Guernsey and £13 for non-members). Do remember that the attendance fee is payable whether lunch is taken or not. Please feel free to encourage non-member colleagues to attend should this be an area of interest but, please note, members of the Insurance Institute of Guernsey will receive priority in the event of capacity being reached.

Attendance will provide 30 minutes of Structured CPD under the Chartered Insurance Institute's CPD scheme. Please book your place now, and in any event before 5pm Friday 10 March, by emailing cilla.torode@cginsurance.com . In booking your place(s) please provide your name, company, confirm if you are a member of the IIG or not, and advise should you require a vegetarian meal. Please note that vegetarian meals need to be pre ordered and cannot be ordered on the day. Should you cancel attendance after 10 March the attendance fee remains payable. If you cannot stay for lunch, it would be appreciated if you can advise us when reserving your place at the lecture.

Louise Jackson ACII, President

2017 Events for your Diaries

Wednesday 16 April – IIG AGM

Thursday 18 May – Insurance Development Day, Les Cotils

Friday 19 May – Sian Fisher, CEO of the CII – breakfast seminar

Wednesday 20 September – Annual IIG Golf competition

Friday 13 October - Annual Dinner