BDO in Guernsey has launched a new actuarial non-life offering to Guernsey-based captive insurance managers as it expands its range of services.

A recent merger between Moore Stephens and BDO in the UK has given BDO in Guernsey access to an actuarial practice consisting of 10 non-life actuaries.

The firm said that the award-winning team, which has been recognised in UK and European captive awards as accounting specialists, would be of benefit to the Guernsey market, where more than 20% of the UK FTSE 100 have captives domiciled.

The team has detailed knowledge of the insurance industry gained through years of consulting with insurance companies, captive managers and Lloyds' syndicates across a range of projects.

Nathan Hodder, Audit Director at BDO and Sector Head of Insurance in Guernsey, said that the move enhanced 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 in the island and we wanted to offer our financial services expertise into a specialist growth area."

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