BDO launches actuarial practice in Guernsey

BDO Guernsey has launched a new actuarial non-life offering to Guernsey-based captive insurance managers.

The merger between Moore Stephens and BDO in the UK gave BDO access to an actuarial practice team with detailed knowledge of the insurance industry gained through years of consulting with insurance companies, captive managers and Lloyd's syndicates.

Nathan Hodder, audit director at BDO and sector head of insurance in Guernsey said that the move enhances the service lines available to Guernsey-based captive insurance managers. “We’ve had a really positive welcome from captive insurance managers in Guernsey who are excited to have a new choice in this market. Insurance is such a vital sector and we wanted to offer our financial services expertise into a specialist growth area.”

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