January Lunch

Our January speakers are Liam Cunningham and Rosemary Stevens, Deputy Directors in the Banking and Insurance Division at the Guernsey Financial Services Commission.

Liam joined the Commission in 2011 as a supervisor in the Banking Division, prior to which he had spent the previous 12 years in a number of credit and risk roles in the oil and energy sector. In 2013 the Commission merged the Banking and Insurance Divisions under the direction of Dr Jeremy Quick. Consequently, Liam expanded his knowledge and experience into insurance supervision and was promoted to Deputy Director in August 2018. Liam has been involved in the prudential supervision of both the Insurance and Banking sectors in Guernsey and has recently been responsible for the cross sector cyber thematic review.

Rosemary joined the Commission in 2011, having worked both in industry and for a number of years in the fiduciary sector, as Assistant Director within the Fiduciary Services Division responsible for businesses registered with the Commission. In August 2013 she transferred to the Banking and Insurance Division to head up the Commission’s newly established Conduct Unit. Rosemary has continued to focus on conduct supervision and has been responsible for a number of thematic reviews of the insurance intermediary sector, initially in respect of long-term business before turning her attention to thematic reviews of general insurance intermediaries. Rosemary is a chartered accountant and member of the Chartered Institute for Securities and Investment.

Key learning points:

• The role of the Commission
• The Commission’s risk-based approach to supervision
• The Banking and Insurance Division – an overview of the types of firms in remit and their supervision
• Insurance supervision – apart from annual returns, what else does the Commission need to know? When and how should the Commission be notified?

The talk will take place at Moore's Hotel on Wednesday 22^th January at 12.30pm. (£12 for members of the Insurance Institute of Guernsey and £14 for non-members). Please 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 17^th January 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. Please also inform us if you have any other special requirements that we can assist with. Should you cancel attendance after 17^th of January 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.

Date for your diary:

Development Day will be held at Les Cotils on 4^th February 2020