Guernsey Press

Island Analysis becomes Island Global Research under BWCI

Published

Island Analysis was losing money and ceased trading after a major backer pulled out, having rejected a restructuring plan.

But local pension experts BWCI reacted to the news in the Guernsey Press and snapped up Mr Brock and his team, and the data in the old business, allowing its schedule of reports and operations to continue along similar lines.

BWCI senior partner Stephen Ainsworth said that the company had been looking at medium-term diversification options to respond to the decline in some of its traditional operations, including defined benefit pension schemes. Data analysis had been one of the options it had considered.

'It was exactly the sort of role that was natural for us,' he said. 'Analysing data, drawing conclusions, forming judgements about trends, is all very aligned to what we are already doing. However there was a local company doing it rather well so we parked it as part of our medium-term planning.

'The next we saw was the article in the Guernsey Press.'

The company quickly agreed to buy Island Analysis's data sets from the liquidator of the company and to take on Mr Brock and his team of three as employees. They are now running Island Global Research, a company wholly-owned by BWCI.

Mr Ainsworth said that the company's work provided a valuable service to Guernsey and also, through BWCI's worldwide links with Abelica Global, an international organisation of independent member firms which provide actuarial and consulting services.

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