Guernsey is new home for biggest independent in captives

THE largest global independent insurance manager has moved its head office from London to Guernsey.

Kane specialises in captive insurance, but also offers insurance linked securities and life, pension and investment-related products.

The company, founded only a few years ago primarily to secure business in the Middle East, has grown rapidly through acquisition, primarily the purchase of HSBC's captives operation, a deal which was completed in June 2011.

This has enabled Kane to set up operations in the major captive domiciles of Bermuda, Cayman, Vermont, South Carolina, Dubai, Malta and Guernsey. It employs more than 100 staff and has more than 350 clients worldwide.

'Our move to Guernsey demonstrates Kane's commitment and investment in the island,' said chief operating officer Clive James.