Isle of Man captives total £1.2bn in premiums
Aon Insurance Managers has been appointed a captive manager to Communicator Insurance Company, the captive of UK telecom giant BT Group. As part of the deal, Communicator’s senior management has joined Aon Insurance Managers Isle of Man (AIM IOM).
Gary Crease, formerly general manager of Communicator, has been appointed as executive chairman of AIM IOM. Dave Picken, accounting manager of Communicator, takes the role of director of finance and accounting for AIM IOM. They will service both the Communicator account and other managed captives.
In total, Isle of Man captive insurers have close to £6bn ($10bn) in funds under management and premiums of £1.2bn a year.