Captive manager is first to be awarded title

Willis Management (Guernsey) Ltd, a captive manager run by global insurance broker Willis, has been awarded 'chartered insurer' status by the Chartered Insurance Institute (CII).

Willis said its unit is the first captive manager and one of only four companies in the world to have been awared the title.

Chartered status is an exclusive title only awarded to firms that meet rigorous criteria relating to professionalism and capability, Willis said. All chartered insurers commit to the CII’s code of ethics, reinforcing the highest standards of professional practice in their business dealings.

“We have always prided ourselves on being thoroughly professional in everything we do, and to receive external accreditation in this way is very gratifying," said Dominic Wheatley, managing director of Willis Management (Guernsey), in a statement. "Chartered status signals our commitment to the highest levels of service and advice to our customers. It is also a clear endorsement of Willis’s market-leading ethical standards, service quality and professionalism.”