13 April 2015Analysis

Barclays strengthens captive insurance team

Barclays has strengthened its captive insurance team with the appointment of a manager and a number of promotions.

Rob Le Page has been appointed as captive insurance relationship manager in the Isle of Man. He has over 15 years’ experience in the offshore banking sector and joined Barclays five years ago.

His new role will involve working with a large portfolio of Isle of Man corporated captive insurance companies to provide a range of tailored banking products and solutions including, letters of credit, security trust agreements, investments and foreign exchange services.

Le Page will work closely with the Isle of Man Captive Association to facilitate and promote captive business development including the new insurance linked securities (ILS) offering for the Isle of Man.

In addition, Colin Freeman, a relationship manager in the captive insurance team, has recently been promoted to vice president. Madeleine McCrory has also been promoted, taking on the role of account executive in the team.

Gareth Rowlands, head of business banking and captive insurance at Barclays in the Isle of Man, said: “We are continuing to see opportunities for growth and efficiency in the captives sector and Barclays is very much a part of that. We are actively seeking ways to share our expertise and highlight what the Isle of Man can offer owners of captive insurance structures.

“We are pleased to be able to offer our business clients the support and advice of experienced captive insurance specialists like Rob. His appointment will strengthen our captive insurance team and will help us enhance our service to clients.

“It’s also great to see our employees grow and develop in their roles within the captive insurance team locally with Rob, Colin and Madeleine taking on more senior positions in recognition of their expertise and hard work.”