The appointment was made following a strategic review of the ongoing role of the association.
CWC provides consulting services to all captive stakeholders and its consultants deliver market leading advice and expertise both within Guernsey and elsewhere.
According to Derek Maddison, chair of GIIA: “It was clear the previous voluntary service arrangement would be unable to cope with increasing demands, in particular the implementation of the recommendations of the States of Guernsey’s review of the local insurance industry.”
Maddison said: “We therefore took the step to appoint external expertise to support our committees. CWC was the logical choice given its bench strength of experienced captive practitioners, deep industry knowledge and awareness of current local issues.”
Graham Powell, who joined CWC in October last year, will act as principal contact and draw upon the accumulation of knowledge of the CWC team.
Malcolm Cutts-Watson, managing director of CWC, commented: “We are delighted to be asked to play such an active role in the future of the Guernsey insurance industry. The opportunities and challenges have never been greater and it is essential the association makes the right strategic decisions to enable the local industry to continue flourishing.”