New York
09 October 2017
Reporter: Becky Butcher

Robus Guernsey hires David Riley


David Riley has joined Robus Group as a risk consultant in Guernsey.

Riley will be working on the set up of what is believed to be the first fully independent longevity swap incorporated cell company (ICC) for the group.

He most recently worked on an innovative longevity swap transaction using an incorporated cell approach.

Commenting on his appointment Riley said: “Guernsey is a domicile of choice for such complex insurance transactions, seen as conveniently accessible from the UK and with a mature community of advisers and lawyers.”

He added: “We have the right expertise, the right location and significant momentum.”

“Robus will have the ability to offer pension schemes the opportunity to use ICCs to carry out longevity swaps as effectively and efficiently as possible in a simplified format.”

Riley has a range of expertise, from captive insurance companies to insurance-linked securities, as well as setting up and running an office in Malta, giving him experience working in a Solvency II compliant onshore domicile.

Richard Le Tocq, CEO of Robus Group, said: “David Riley’s insurance career track record speaks for itself. He brings to Robus a deep understanding of the processes and practicalities of longevity swaps which will be an asset to the growth and development of this new area of business for us.”

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