Local members of the Gibraltar Insurance Association have formed a new insurance institute for Gibraltar to help educate and serve members and employees working in the local insurance market.
So far over 100 individuals from local insurance organisations have confirmed their intention to join the new Institute.
The objective of the Gibraltar Insurance Institute (GII) is to promote higher standards of competence and integrity in the practice of insurance in the Gibraltar market. It aims to achieve this through the training, monitoring and facilitation of continual professional development for its members.
On 3rd September 2008 the GII held an inaugural lunch at the Rock View suite in the Elliott Hotel. The event, which was sponsored by Argus Insurance, was an opportunity for prospective members to find out more about the GII, and the forthcoming events and training sessions being organised. The GII also launched their new corporate identity.
The speakers at the Lunch were The Hon. Gerald Simons OBE, President and CEO of the Argus Group, who is visiting Gibraltar from Bermuda. Mr. Simons has been CEO since 1998, and is the immediate president of Bermuda Insurance Institute. He has also served in the legislature of Bermuda in various ministerial posts including the Ministry of Education.
Also speaking was Penny Hudson FCII, Managing Director of Caledonian. Miss Hudson is a Fellow of the Chartered Insurance Institute, and the current President of Gibraltar Insurance Association. Announcing the formal launch of the GII, Penny said, “The establishment of an Insurance Institute in Gibraltar has been mooted a number of times over the years and now, at last, here we are. The GII is an opportunity for its members to obtain high quality education and knowledge to help themselves and their colleagues in the industry.”