PoloWorks gets green light for Guernsey captive manager

PoloWorks, a Lloyd’s and London Market insurance services business, has launched Polo Insurance Managers (PIM) after the Guernsey Financial Services Commission granted approval ‘in principle’.

According to PoloWorks, PIM will be one of the few independent insurance managers active in Europe and will serve captive, commercial and ILS clients using best in class technology, data insights and superior client service. 

Initially based in Guernsey, PIM’s core executive team will be supported by Polo Commercial Insurance Services which employs 350 UK based insurance specialists.

Mark Elliott, who will lead PIM as chief executive, said: “We see a tremendous opportunity as a truly independent insurance manager to offer our existing and future clients with a comprehensive and bespoke insurance management service.”

Paul Andrews (pictured), chief executive of PoloWorks, added: “As part of the PoloWorks business, PIM will be able to leverage substantial in-group expertise and modern technology to offer a market beating insurance manager proposition.”

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