Captive Insurance Consultant Hired by BVI Finance

BVI Finance (formerly known as the BVI International Finance Centre and rebranded in 2015) has hired a senior insurance consultant, who is a trained accountant experienced in the captive insurance sector, to assist the development of the captives industry in the British Virgin Islands and improve the Financial Services sector in the territory.

Malcolm Cutts-Watson will have the duty to navigate the emerging trends and developments in the global captive market, and advice as to how the jurisdiction could benefit from the opportunities and escape any threats. He will also assist in providing competitiveness of the BVI product offering in the global market. By words of Julien Johnson, the executive director of BVI Finance, the consultant’s responsibility will include review of the relevant legislation and proposal for amendments to the Insurance (Amendment) Act 2014/2015.

Cutts-Watson currently is a non-executive director of Cutts-Watson Consulting Limited; he has more than 30 years of experience in the sector having consulted clients in Europe and Asia. Also, he is an approved manager in a number of jurisdictions, among them the greater Caribbean, USA, Bermuda, Europe, and Africa.